Then need a loan i assume . and payback of the loan
JLL are a minnow and cannot, and have no intention to develop the mine. It's hundreds of millions or more to get to that point. And years of development.
Develop a ready resource, yes, not a mine If it ever comes to pass.
Imho, it will likely be sold with a dividend distributed as they've done before.
Maybe other ways for holders to benefit.
Obviously a better lithium price would assist in the near to medium term, but holders would be hoping for a suitor with a long term outlook.
JLL Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
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