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$6.13 orocobre limited

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dyeman

1,993 Posts.

166

07/02/17

10:11

Post #: 22418309
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Originally posted by triage ↑

dyeman, from memory when Orocobre awarded the contracts they made a thing of the fact that the outfit that got the gig of designing the plant was amongst the most experienced in the lithium sector, having worked with some of the established players. Might have that wrong but that's my memory of it.

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Yes I'm sure they picked the best they could, but as Richard Seville stated in an interview:

This is a lot harder than building a regular gold plant. These things are one-of-a-kind and the last one was built 20 years previously with FMC and SQM at about the same time.
And the pitfalls that we've had to deal with because of the intellectual property of these plants lies within the operating companies and not within the engineering houses and so all that nuance of design that avoids errors you shouldn't make exists within the operators rather than the engineering houses.
So Phase 2 for us will be very de-risked compared to Phase 1 because we now have that learning of that IP.

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http://seekingalpha.com/article/403...interview-orocobre-ceo-richard-seville?page=2

ORE Price at posting: $4.04 Sentiment: Buy Disclosure: Held
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