GM, LG and POSCO should be providing debt facilities to cover the CAPEX for Phase 1 and 2, page-3

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Happytrades

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29/11/22

20:32

Post #: 65057806
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Originally posted by celtickiwi: ↑

Interesting "Advanced" Feasibility study - freaked the day traders out with a massive CAPEX number. As usual local Aussie suppliers having a lend on the indirect costs as well.

With the execution of the 3 major offtake agreements, ESPECIALLY General Motors for 100% of nickel and cobalt production for the life of project from a Stage 2 expansion, these guys should be providing debt facilities at good lending rates - prepaid/upfront and get this show on the road.

GM should be writing a check for $1.75Bn today..................
C'mon QPM get with the program.

A lithium company said to an OEM, you want the last 1/3rd of our high grade Spodumene offtake, come with $300MM debt facility or you dont get the goods..................

Expand

GM has locked in the supply, what’s in it for them to spend more? No else can access the offtake.

It will be extremely good for the rest of the industry if they do step up and supply more funds.

They have all the negotiating power now. Interesting times ahead.

QPM Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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GM, LG and POSCO should be providing debt facilities to cover the CAPEX for Phase 1 and 2, page-3

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