Standard Lithium Ltd (SLI)

[bettyfordallstar]

Standard was to have a 3month proof of concept run which has to produce x amount of lithium to make it viable. When that is successful, lanxess will officially sign the joint venture that is contingent on the success of this run. Lanxess will then take control of the plant and be solely responsible for the operations of the plant. In exchange, lanxess will own 60 to 70% of the plant. This will leave standard with 30% to 40% of profit for doing nothing after that point. The plant that is currently built has the capability to be upgraded by 1/3 which lanxess would have to flip the bill for. This also includes any new plants that could be manufactured for any additional wells. Standard just has to hangout and collect profits for their proprietary technology and intellectual rights. Not a bad deal.