I am very excited as well. According to the DFS they should be fully funded by end of April.
But I will stay realistic and given the circumstances with all the lithium sector since January 2018 and the funding being the hardest part on the way becoming a producer, I do not mind even if it takes some months longer, as long as they get fully founded, start building our mine and do not dilute our shares that much if there is the need for a capital rise.
But even if they do not get fully founded in the coming months, continue with plan B. They can start with 1,2MT, work hard and show the world that they can produce good quality of lithium and then ramp up while getting cash from the sales.
I know that our project is in Zimbabwe and there are political issues with the oposition and there are US and European sanctions for some individuals and state owned companies.
The government of Zimbabwe has hired Ballard Partners lately to represent it in Washington. Brian Ballard is a top fundraiser for President Donald Trump’s campaigns.
https://www.bloomberg.com/news/articles/2019-03-07/zimbabwe-hires-trump-linked-lobbyists-in-bid-to-end-sanctions
However, I personally strongly believe that the lithium ore at Arcadia will come up the one way or the other. It is among the Top10 hard rock lithium resources in the world. We are ready for construction and we do not have any issues with environment or mine licences, like unfortunately other junior miners.
And do not forget, PSC can already produce battery grade lithium carbonate >99.5% Li2CO3 from our petalite and spodumene ore. PSC is now reconfiguring the pilot plant to manufacture lithium hydroxide LiOH. So whatever our next offtake partners want, we will be able to deliever both. And this is going to make PSC way more worth then the November 2018 DFS figures out only with the lithium concentrate.
And the other and the absolutely most important fact is that the demand forecast for lithium is growing and the oversupply fears will disappear. I personally believe that the lithium sector will turn around in 2019 and it will need all the lithium it can get, from hard rock and brine companies.
EV-sales in China are growing and growing.
https://www.edelsoninstitute.com/wealth-wave/is-sleeping-lion-lithium-ready-to-wake-up-and-roar/
https://www.linkedin.com/pulse/has-lithium-chemical-supply-chain-entered-crisis-mode-rodney-hooper?trk=portfolio_article-card_title
VW Increases Electric Vehicle Target by 50%
https://www.bloomberg.com/news/articles/2019-03-12/vw-s-audi-porsche-margins-sag-in-costly-shift-to-electric-era
Now is India getting in the EV boot as well. India approves National Mission on Transformative Mobility and Battery Storage.
https://www.energy-storage.news/news/india-approves-national-mission-on-transformative-mobility-and-battery-stor
https://www.cnbc.com/2019/02/27/tesla-can-do-world-of-good-if-elon-musk-turns-to-india-energy-storage.html
The most will already know, but just in case, watch the Clean Disruption of Energy and Transportation presentation of Tony Seba.
https://tonyseba.com/
Therefore I have invested in Prospect Resources and other lithium junior miners and I personaly strongly believe PSC will make it to a producer.
This is my personal opinion only and it is not financial advice. Do your own research.
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