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Tim, thanks for the information. <<Naxos can build a plant, which should be fairly simple>> Is it that simple? Doesn't it take the same permits and environmental impact statements that would be required for mining PMs? Could Naxos just ship ore, or do they need to concentrate it? I don't think anyone would put up with Death Valley becoming lower compared to sea level. Plants don't come cheap, there is lots of infrastructure required, electricity, water, etc. However, I think(?) I saw a comment on this thread from someone that a partner was interested in the lithium. If true, that could be the path to plant funding. A lot of BIG IFs, but if Naxos could pull this off with minimal stock dilution, it could fund its other interests. There would also already be the precedent for mining the playa, a lot of work to mine metals would be minimized IMO. BTW, I like the volume of NAXOF today. |
