Key Questions to Address - Jan 2019, page-27

Tribeca’s Global Natural Resources Credit Fund portfolio manager Haydn Smith said last year the fund saw Bald Hill as a strategic investment.

Smith said: “The project has the lowest capital intensity in the sector and produces a coarse product anomalously low in magnesium, iron, mica and other deleterious materials, making it highly sought after by lithium converters.

“We believe that Bald Hill spodumene will ultimately command its own pricing mechanism, much like high-grade iron ore or high-energy thermal coal.”