Appreciate your answer. Let’s go over your points 1 by 1: - Referencing Lazerbeam here —> ‘Its a carbonate ore body which means although generally lower grade, there are less impurities that have to be filtered out for production of battery grade materials than in an oxide ore body (making it more economial and better ESG credentials, or "woke" to use your terms).’ (also answers your 3rd point) -True, that’s what makes EMN a junior mining company. Many new similar (now operating) ventures have started off with only equity investments and went through the whole project development cycle until they could eventually secure debt funding, construct and operate. Your beloved JMS was once in such a position. With EMN’s resource, proven flow sheet, unique position vis-a-vis CRMA compliance (entailing potential strong support for EBRD and EIB), China decoupling, what else do you need ? You also mentioned power prices being an absolute damp on EMN’s plans. Guess what, gas prices are at a pre-covid low. Last but not least, the qualification process is extremely long for battery materials so there’s nothing unusual here atm. Once the first key offtakes are secured (be patient) these strategic investors are going to pounce. Let’s not forget Orion is already positioning itself as such. Everything in due course. So far the ship is sailing with great agility. - today china supplies >93% of HPMSM. CRMA requirements will make it such that buyers will have to buy from EMN for compliance. That means that, as the only EU supplier of HPMSM, EMN has the upper hand in terms of pricing. It’ll be a sellers market to the extent that EU cathode and battery manufacturers can only supply themselves from EMN to fulfill the required levels of EU mined/processed material as set out in the CRMA.
good day to you sire,
EMN Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
