They can secure conditional financing. That is, finance subject to certain demo plant performance metrics.
LMG started the recruitment process back in April for the 3 shifts. We are now past mid july so 3 months along I would expect they should have most of these people in place if they know how to recruit.
They have lots of work to do for stage 2:
- Finance handled by Societe Generale, though accordding to DP funding is sorted.
- BFS by Bechtel
- JORC by LMG
- Approvals by LMG
- Selection of site for stage 2 by LMG though I think they are expanding the BFS to evaluate the 3 location options.
Can't see how they can obtain approvals without a firm decision on the site.
They can secure conditional financing. That is, finance subject...
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Mkt cap ! $99.90M | |||
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| LMG (ASX) Chart |