PERMITS, page-17

Good Lord is it a full 2 days since we discussed PERMITS ?

OK so I have been quite purplexed by the confidence with which MT is progressing TLG when obviously he has no permits. The recurring thing for me is why is he recruiting very high paid staff without anything concrete in so far as permits are concerned ?

Here is my theory and I apologise if someone else has come up with it ( i have mentioned it previously as a way for LKAB/Swedish government to get a cut) but the ace up his sleeve is that his intention in any JV is to put the mining operation itself 100% under the control of the Swedish government owned LKAB. TLG will have exclusive access to the graphite ore for the life of the mine and pay LKAB US$xxx per tonne for it.

LKAB are then responsible for all the environmental aspects of the mining ops including the rehabilitation and the transport of the ore to Lulea.

TLG will be solely a refiner of the graphite into anode at Lulea .

Effectively the Swedish Government is the custodian of TLGs entire area of interest including interactions with the Sami and reindeer.

Anyway that's my theory

Send in the brick bats LOL