Agreed. These would most likely not run concurrently so the profit from HMW could finance Candelas in which case the financing requirements (and therefore dilution) would be a lot lower. However, you never know what approach they might take to capitalise on a Lithium bull market. Also, if we go the Lithium Chloride path the capex would be much lower again (possibly as low as 300m???). But in order to keep a level playing field across companies and combine the NPVs of both projects I need to combine the capex requirements.
General Discussion Banter GLN, page-7814
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