Their are geothermal projects already in Germany and many are planned to be stand alone geothermal projects which are economical on its own.. no need to explain to you as when you add the Li component to that, how the economics changes to eye watering one given the forecasted importance of lithium and its prices..
The beuty of our project is, once we successfully extract the lithium the way vul has hoped, there are many possibilities to JV with many geothermal projects in the area for lithium extraction without much drama as all the geothermal projects in Upper Rhine are accessing to same aquifer what VUL is accessing and the characteristics and lithium concentration are pretty similar..
So my take is, future phases can be fast tracked and JVs are pretty much win win for everyone.
just asking your opinion, which i haven’t considered much of the possibility of T/O or M&A possibility of vulcan? Vulcan has mentioned many times, O&G interest of the project.. our buyout price could be peanuts for someone like Exxon or similar IMO..
German impacts, page-880
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