That is one option, for sure, but there are many ways this can...

That is one option, for sure, but there are many ways this can play out.

The appeal of the tie up is not so much that ORE has spare processing capacity - it doesn't and so ponds and plant must still be built. But what is attractive is for AAL to access the ORE process, their operations knowledge, their infrastructure, their economies of scale. The first and, to some extent, the second of those benefits could be applied to a stand alone development. The latter points suggest plant development at olaroz would be preferable. The latest comments suggest the ponds could be in either location and there are commercial, technical and logistical arguments in favour of both.

There could also be benefit for AAL to access the TTC distribution channel, or they might get some advantage by doing their own offtake transaction. That would probably only be a funding advantage, as they are unlikely to get better pricing or a broader sales channel. One other benefit of processing via Olaroz is that their product qualfying process may well be a lot faster.

Many many ways this can play out, but for me it looks like twins that are "joined at the hip"