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Message: New LAC Corporate Presentation

LAC recently published a new corporate update.  I did a side by side comparison vs. the prior months presentation and noted only two changes that were not expected:

  • On Slide 18 - The TP development schedule, it used to say "the company antipates all major permits in Q1 2021" and now it says "ROD received in January and other permits expected in 2021". They did not however move the bulletpoint on their timeline. 
  • On Slide 14 - TP project update, it used to say "Definitive Feasibility Study (DFS) underway" and now it says "Feasibility Study (FS) underway".

I am far from a mining expert.  Any thoughts on why LAC would move away from a DFS and now go with just a new FS?  Could that be because they plan to self-fund phase 1 of TP and they no longer need a DFS to seek partnership funding?  

WB

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