preparing for an impending boom, page-34

Once the JV is finalised & an offtake announced I wouldn't be surprised to see a more favourable financing facility replace GEM. A couple of big names (Alcoa, LG Chemicals, Mitsubishi, etc) then the project is totally de-risked. It may cost us 47m options @ 15c but just a thought and I'm sure Roly & the new impending  board additions will take the same view. Money is cheap for great quality world class projects and there's only 2 players in Oz - FYI & A4N. (I'll leave ATC out of it as Macquarie have pulled the wood under their eyes for the past 12 months).

https://www.benchmarkminerals.com/m...e-key-to-lg-chem-spin-off-of-ev-battery-unit/

My favourite part of the article & to think reading the below quote we closed at $28m market cap the day prior.

“It’s world class. We attracted an $80m equity financing facility as a result of that DFS, and late last week we announced a joint venture with Alcoa, the biggest alumina producer in the world,” he says.

“Alcoa had been looking at the HPA industry for a little while, did quite extensive due diligence on the market and on the peer group, and settled on us.

I also mentioned similarities with what happened to KDR a couple of times. This non-sensical market cap at present ($40m @ 15.5) will be attracting some sharks - we are in the box seat with our nearest competitor (excluding A4N) years behind. For everyone that listened to the Benchmark webinar, producing High Purity Alumina at our target grade 99.995% is extremely difficult. Many have tried and failed & with the expected EV boom, manufacturers will want to source High Purity 4N and not the garbage coming out of China.