The funding is absolutely not an issue, there are a few voices that have joined recently to make it sound that way, but as I stated all we need to the $72m to have the keys turned over to us.
Prior to the CR we had $45m on hand, the cr provide $50m more. Once that is completed we have the private capital that will get us through the remaining hurdles.
Once production begins we will be able to pay off out debts very quickly with both spodumene and hydroxide at all time highs and the US market releasing over 1 trillion dollars, a good portion of which will be aimed at updating the electric grid to be solar with battery back and EV incentives for consumers, and of course Tesla starting to churn through its 1 Million plus backlog orders of cybertrucks starting at the end of 2021 as well.
Its pretty much the perfect storm converging and we are going to be one of the only producers to be able to take advantage of it.
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