In recent weeks we've heard how much he hates Westerners,...

In recent weeks we've heard how much he hates Westerners, Western govts, and democracy. Cycling through the usual dumb arguments, (eg "quebec is too cold for mining") our China-based activist spammer is now back to claiming that WR1's success hinges on quickly getting a hydroxide conversion plant up and running by, say 2028 when the SC begins to flow from Adina-Renard. As usual it a bad / dishonest argument:

- you don't need to convert to hydroxide (more technically challenging). They could simply do carbonate (easier, better for ESS, growing market share for these battery chemistries globally.)

- provincial and federal govts will continue throwing huge incentives at strategics who want to convert in Canada, keeping the entire supply chain in North America. It would be a more economically appealing for the strategic than conversion in Australia.

- whether this conversion capacity is ready in 2028 or 2035 or never, it doesn't matter. There would be a tiny cost per tonne ($20-$30) to bulk ship from Quebec to Korea or Japan for conversion there.

WR1 faces very few challenges compared to peers:

- 1bn plant available to purchase for 50m, only minor upgrades required = very low capital intensity. Will easily be lowest in Canada and on par or lower than some Brazilian development (especially when you consider govt grant, loan and tax credit schemes.)

- Renard has its own power supply, sufficient for processing AND charging an EV trucking & mining fleet

- other companies will struggle to secure grid power access due to limitations imposed by Hydro Quebec, which needs to expand capacity

- similarly, trucking restrictions that would hamper Corvette and James Bay won't apply to WR1's route south to their rail hub.