eur, page-245

I am sure Beton and I will kick this round on Thursday, but what if the Saudis have much bigger ambitions than Wolfsberg?

You have to wonder as their war chest for the move away from oil is over U$3 trillion in PIF. They don't do things by half and when you consider they just paid a golfer nearly as much as a Lithium plant to come and play on Saudi owned LIV golf.

More Spodumene = more Lithium Hydroxide = a lot more money. How does that all shake out....time will tell.

Re Tanbreez, the challenge is Greg Barnes owns 92.5% and EUR 7.5%. Does the tail wag the dog? Good question, Greg has successfully offloaded the radioactive crap to GGG and got his about $40m spend back. He must be looking for the final big pay day so does he fly solo or work with Tony to get a great deal. A Nasdaq listing would probably run towards $5B by some accounts, but even if its out by a bit, its still bigger than CRML.

The Ukraine asset south of Kyiv is very much in the Ukraine zone, the other asset is in or close to the Russian occupied zone. At the cessation of hostilities you would think value could be added to EUR by engaging the Ukraine Government to get this project moving. If Russia wipes out Ukraine then all bets are well and truly off. Personally I think the Ukraine people want to fight to get at least Crimea back, and I would have thought the Russiancentric Eastern zone might be tradeable for a peace accord.

Right now, focus is on Wolfsberg, Tanbreez is moving along in the background, Ukraine is on the long finger.