I wrote:
Hi Steve,
I am a fan and love your work. Thanks to your presentations and great communication of the Lake project and advantages I have become a substantial holder.
There is only one query I have, which is;
Lilac can earn-in up to 25% of the Kachi project.
- Does this apply to the 25,500 tpa project alone or
also the 50,000 tpa upgraded project?
- Should Kachi expand further, does Lilac still get 25% of the expansion?
- The other three brine projects, what involvement/earn-in will Lilac have?
Keep up the good work.
Kind regards,
Steve's answer:
Hi,
Lilac can earn-in up to 25% of the Kachi project, regardless of the size.
They commit almost twice the equity amount for a larger development though.
This doesn’t apply to other projects.
steve
Cheers,
IHS
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