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15:29
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Originally posted by Dr_Manhattan:
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Maybe once the project is completely approved. Next, they have to present the new underground project, the feasibility plan, environmental impact study etc to the Board of Extremadur to request a concession permit for exploitation. If that works out, this will rerate especially if lithium prices bottom out and reverse later in the year. I've been topping up and it's nice to be solid green again. Some risk here but the reward is also potential huge. As others have mentioned, there is strong geopolitical pressure right from the top EU level to fast track these projects in light of the embarrassing realization that the EU is not self-sufficient in almost anything. Additionally, even at the town level, the protestors are in a minority according to past polls (which have likely improved further now that the mine is underground and very green) and the town desperately needs job creation to address is high unemployment and stop youth migration from the area due to a lack of employment opportunities. Hopefully, common sense will prevail, and this project will end up being a great benefit to the town.
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Yeah of course if it was already de risked we would be in the $s haha... this is the start but this year should see nice SP rise to somewhere around the 300+ million mark IMO of course...
