Too far out for scoping study but not if included in PFS .
combine off take partner and those performance right shares 1 to 3 tranche conditions fulfilled.
Which option is most attractive to you at the moment?
At the moment, our primary option is a Chinese offtake, the reason being the possibility of a full buy-out in the future. We have a few leading prospects; one that could be considered a multinational engineering firm, hence capable of providing us with the earth-moving equipment and construction assistance, and another is a multinational mining company with a number of current projects in the DRC. The third alternative is an electronics firm without any mining experience but interested in moving into lithium. The company wishes to build their upstream capacity and is debating the construction of a hydroxide plant. This would be an excellent option for us if we aspire to it.
IF we aspire to it ? Perhaps the only sensible choice to significantly reduced transport costs and can match or offer a long term discount to the Chinese supply chain market.
Still think that Huayou Cobalt will make a move on AVZ first before another major.
Either with an off take/and capital investment in partnership with downstream lithium hydroxide plant.
LG CHEM is also into electronics but its recent JV with Huayou Cobalt for cathode and battery production will require long term lithium supply.
LG CHEM has established connections within India to supply EV batteries.
http://www.benchmarkminerals.com/lg...ode-landscape-for-electric-vehicle-batteries/
ALL IMO
https://www.gbreports.com/interview/nigel-ferguson
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