my ticket to Las Vegas, page-25

Hi Gilly,
A plant would cost about $30m. As Trent points out, this could be funded by an offtake and and as Letsee intimates that could be Tesla. Pure Energy is nearby and has the only offtake in the world with Tesla and Tesla is buying half the world's lithium supply with Nevada the preferred supply location.

I have done some research on this project and the vendors. Caeneus got this project because lithium has been getting great attention in the Australian market and Caeneus offers great leverage.

The project is a brine which is the best type of lithium project as they are low cost. Brines are the future for lithium. The only problem is that brines don't exist in Australia so the punters haven't cottoned on yet. Brines exist in Nevada, parts of South America, the Chinese desert and...Libya.

The vendors also chose CAD because of the high quality shareholder base and board, particularly Steve Elliott. I am extremely excited to be a shareholder and feel particularly lucky as I bought in for Pardoo nickel, cobalt and copper (which I still like).

Collyn - there is nothing particularly unusual about Guy Le Page introducing a deal to an associate. Guy Le Page found the Mount Ridley deal (MRD is trotting along nicely) and the Pardoo deal came via MRD connections. This is how West Perth works and if you don't understand this Col we will have to nominate you for the Tin Foil Hat Award!

Focus on the project, Steve Elliott will take care of the rest.

DYOR too