Even though your response is incredibly rude I will indulge you.
Two years ago, EUR was desperately trying to join the NASDAQ while the lithium price was in freefall. The Nasdaq listing was a huge endeavour that has benefited EUR immensely.
It was
3 years ago when lithium prices were up. This is a snapshot of the lithium price when CRML started trading on the nasdaq:
The price
2 years ago was about the same as the price today:
Progressing with a DFS 2 years ago would tell us one thing, the project was not feasible. We knew this from the previous DFS figures. Wolfsberg is still not feasible in my opinion. Yes I strongly believe we are in the start of an upswing, but look at the graph and you can see lithium is not hitting massive highs yet, so there are no certainties here....
yet!
"So Livithium, tell us why holding back on planning is actually a smarter idea than being prepared to turn a key (relatively speaking) to take advantage of this lithium upswing. We now have other Lithium mines funded and moving ahead in leaps and bounds and overtaken Wolfs while Wolfs sits mothballed with no timeline for being prepared to mine." "And finally, how about you telling us what a sustainable lithium spot price is that makes this Wolfs project viable."I believe it has been stated (there was an interview with Tony regarding the lithium price we would require for Wolfsberg to be feasible) the current lithium prices are still not high enough to make Wolfsberg feasible. There is also the issue that a reassessment has to be completed, which will decide if an EIA is required. You would have to do some digging, maybe someone else here recalls exactly, but Tony stated a required spot price figure in an Interview. I believe spot prices need to be above US$10,000–12,000/t.
The worst outcome that can happen is if the DFS and mine planning was to continue and then the court decision is that an EIA
isrequired and we then see no more increase in the lithium price. We would be sitting with our money in a mine that is mothballed.
Meanwhile CRML is progressing Tanbreez comfortably, in a bull market for REE, with a clear timeline and off-takes in place. CAPEX is not completely covered but while EUR has $200 million in their pocket it is a "get out of jail free card" that could be used to help finance Tanbreez.
To summarise, it is just my opinion entirely, that the current focus on Tanbreez is higher priority at least until we see some more steady growth in the lithium price and we receive a decision on the EIA. Having the funds available to help with CAPEX of Tanbreez is incredibly useful. Again, this is just my opinion.
