InvestorsHub Logo
Followers 7
Posts 7770
Boards Moderated 1
Alias Born 03/05/2014

Re: None

Friday, 09/18/2020 1:16:09 AM

Friday, September 18, 2020 1:16:09 AM

Post# of 2722
Dear_Codelco, are_you waiting_on a_DIA before_drilling any_more test_wells?
What's that you say? You're saying "yes"?

Well let's look at the "consequences" from a financial standpoint if you were to go forward in a very cavalier fashion and simply "drill baby drill" and then pay the daily $1,200 fine for kicking up the dust with no further complaint to the local Environmental Board as they probably secretly want (wink wink) anyway. Drilling will take 90 days and it looks like you have already finished 30 days... so 60 days more of drilling will cost you $72,000 and in the end you will have "done your pin-prick damage to this nearly worthless piece of bumpy land you own up yonder and paid the penalty" like any fine normal "clever enterprising" white man with more than half an ounce of initiative would do.

This Maricunga project based a yearly export product of 20,000mtpa of LCE is a $2,000,000,000 project.

If you (ie Codelco) contribute as the dowry even 40,000mtpa of LCE capacity from your already approved LCE quota to the MsBodelco JV marriage then we all have a 60,000mtpa project which would then be valued at $6,000,000,000 which is reasonable for our calculations today.

If you divide $72,000 (in fines) by $6,000,000,000 then the ratio or percentage of "financial hurt" you (Codelco) would suffer in reality is 0.000012% before charging it off as a reimbursable expense to MsBodelco some day (est 2021).

This 20 year project will easily spend more than 0.000012% on toilet paper.
0.000012% is peanuts... it is nothing.

Are you telling us today that you are so fucking myopic, dogmatic, dense-in-the-head and spineless on the critical need for any tangible "project lift-off, creation, momentum" that you want to deliberately lose another 10 months in precious time waiting for a SEA DIA review primarily centered on test drilling all for a measly piddling $72,000 which you could ramrod through in 60 more days, pack up the test truck, drive off, give the cores to the testing lab and be done with it?

Dear Codelco... we're spending $72,000 a month waiting on you fucking beaner assholes to fulfill your end of MOU Crystalballs gave you.

Dear Crystalballs, could you please get off your lazy ass and call these guys to offer giving them $72,000 to cover their fine and get the gawd damn test drilling done if their test drilling is going to be your lame chicken-shit excuse to shareholders like Holdtight as to why everything on this shit show in Maricunga is at a standstill?

The Doctor







Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.