Hi
@DaisyAIt's right that LTR can not provide an interim MRE to an interested party without releasing it to the entire market. There is a rush, it's obvious. we saw the same rush when they released to PFS, now the MRE upgrade, without waiting 2-3 weeks more.
We know at least 5 NDAs have been signed in the past, but we don't know if LTR has signed more NDAs after that.
TG mentioned about "prospective customers". We know that too.
TG mentioned about 150mt resource size at the AGM as well. He wouldn't mention it if there was no objective bases for it.
Who is "the prospective buyer" pushing LTR management so much and so strongly?
Would LTR management rush the things so much if they wouldn't trust that "prospective buyer"?
I think that prospective buyer is a Tier-1 company.
Who are the Tier-1 buyers in the current lithium industry?
Tianqi?
Albemarle?
Wesfarmers?
I don't think LTR would be trusting a Chinese company. We can guess the reasons.
I don't think it is Albemarle as it has already in trouble with Wodgina resource.
I think it would be Wesfarmers which LTR management could only trust to and act by their words.
Wesfarmers has been always my favorite candidate as the no. 1 buyer of the KV project as you know.
Wesfarmer is the only future lithium producer company which Tesla has a binding agreement with. Tesla has no other binding agreement with anyone.
We now can see what is happening to Tesla. It's going like rocket. It is now being nominated to make sales of $1 trillion dollars of annual sales in 2030.
The EV revolution is all about a computer on wheels (software) and a battery. The other components of an EV are just small things.
Software is man made. Tesla already has got it and developing more every day. Their 900k EVs are providing data to Tesla's data bank for better AI operation. Others will not be able catch it up. It's too late. .
Battery is lithium. No other substitute.
Where is lithium?
Everywhere?
No, it's not everywhere. The cost is important. The EV manufacturers have to build low cost long range high quality batteries. The hard rock resources are needed to make that.
So the tonnage matters, the grade matters, the locations matters, the technical capability at the location matters, etc.
It's Western Australian resources which will feed the EV revolution's batteries with lithium.
Which company is available to buy in Western Australia?
It's only LTR.
It's very simple IMO.
(20min delay)