It sounds to me like we have found a potential solution that requires circa $40M LESS capital.
Reduced opex also….
They say they have tested the filtration tech on HMW brines.
So yeah, we need more detail on that; what was tested, how etc etc.
That filtration is a specific step within a process flow sheet.
If it works, and the company providing it are taking on some of the risk, then that might be a reasonable approach imo. Even better if the “proving”’can be done rapidly (with the plant being predominantly made up of modular imported units), so it can fast-fail if required…however that seems to be offset by needing $40M less funding…. And I think we ALL know by now how difficult it has been for juniors to secure significant funding in this sector…. So it all really depends on what the realistic alternatives are.
Anyway, we need more info, yes.
GLA
GLN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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