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50.0¢ essential metals limited

Thanks w27, you guys on this ESS site really know your stuff and...

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26/05/23

11:15

Post #: 67977901
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Originally posted by w27: ↑

The US Inflation Reduction Act and the recent statement by President Biden that he will ask Congress to include Australia as equivalent to US for purposes of US Government loan money for producing and processing critical metals provides a wonderful opportunity for ESS to get a favorable deal for offtake and funding to get an operation underway at Pioneer Dome. No doubt, the Board is well aware of all this and is working on it now. It may take a little time, but it is a wonderful opportunity. I do not know of any other resource that has a mining lease, with minimal development required and is ready to go in the lithium sector, which is currently red hot and very much one of the critical metals. Most of the current deposits are already committed and quite a few have connections to China which will negate any possibility of US Government money for development.

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Thanks w27, you guys on this ESS site really know your stuff and thanks to all of you for sharing, really appreciated.
I am not yet a holder but itching to jump in, i just need to get my head around MIN jumping in, i have twice held in companies that MIN took over and it didnt end pretty for me.

Thanks again guys

ESS Price at posting: 45.8¢ Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

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Add ESS (ASX) to my watchlist