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Not Gunna Be Enough Lithium, page-687

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06/10/22

23:12

Post #: 64074016
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Originally posted by acwbagnall: ↑

Long time holder here, getting equally impatient as many others as to why my investment here is going nowhere whilst others have done 5-20x in the past couple of years.
Interested to know others views on what is holding this back?

Some say EIA approval

Some say any sign of an offtake deal or two

Some say the overdue DFS

I feel like those three items whilst generally time consuming and somewhat challenging are more or less a formality at this stage given this project's location, the brownfield site status, the ESG credentials and the current appetite and pricing for lithium chemicals.

The DFS could be knocked over in a few months if a consultant was hired and given a hard deadline and a decent purchase order. Seems to me there is no DFS because the DFS just isn't wanted/needed quite yet?

Offtake agreements - current producers are auctioning any spare capacity to the highest bidder, and just over the fence Vulcan has signed up 100% of their production from a bunch of very big names in the auto industry before they have even figured out if they can product any lithium whatsoever. It would seem very unlikely that Europe's largest hardrock deposit would have any difficulty offloading product.

That leaves EIA - sure this can be a slow process sometimes, and not without challenges. But for an existing underground tin mine to be repurposed as a low carbon footprint lithium mine producing the chemicals for the next industrial revolution - all whilst Europe is under threat from a fossil fuel funded warlord. It would take a special kind of person to say no to this for environmental reasons. So I really can't see any resistance here.

So why has this not moved anywhere in the past couple of years? The majority owner CEZ is planning a 40GWh gigafactory nearby - 40GWh p.a. needs a bit over 30,000 tonnes of lithium carbonate/hydroxide by my calcs (40,000,000,000kWh / 60kWh per battery * 50kg LCE per battery /1000).
Surely that is without doubt the one and only offtake partner? Why would CEZ own a 51% stake in Europes only near term hardrock mine and be planning a gigafactory nearby but then agree to sell all their lithium to another automaker?

Imo this is just sitting on the backburner being lined up for the CEZ gigafactory and everything else is a formality, and to some extent almost irrelevant? As soon as the gigafactory gets the go ahead most likely the rest of the pieces will fall into place and construction will be ramped up to coincide with the opening of the gigafactory.

I've seen a lot of criticism of KC having not achieved anything in the past 2 years but if that is what is happening then as a 49% stakeholder what is EMH supposed to do about it? Sure it is frustrating as a shareholder that we aren't seeing the gains from this current pricing boom but this is still an easy 10-20 bagger from here to production regardless. Just gotta be (very) patient!

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Absolutely love this Line acw " this is still an easy 10-20 bagger from here "
CEZ is striving to obtain European funding for the Lithium Valley project worth CZK 11.1 billion and CZK 1.2 billion for the gigafactory.
https://www.patria.cz/zpravodajstvi/5164487/cnb-dnes-bude-jednat-o-sazbach-tabak-navysil-trzby-a-velka-britanie-bojuje-se-slabou-librou.html

This artical confirmed from EMH to be Geomet striving to obtain European funding for the Lithium Valley project worth CZK 11.1 billion . Via EIB . KC is off to Europe , Meetings with high level Governments and Critical Materials ACT

EMH Price at posting: 70.5¢ Sentiment: Buy Disclosure: Held
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Not Gunna Be Enough Lithium, page-687

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