Completely agree with everything you have stated.Mountain Bike...

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Beno77

5,233 Posts.

622

10/10/21

12:55

Post #: 56690416
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Originally posted by Ddog157: ↑

Do you agree that the demand for lithium years ago in large was simply not there? In other words, EV manufacturers and battery plants were not a locked in thing. It is pretty obvious that the EV phase will clearly be getting off the ground in the years to come with the money spent on these cars and battery infrastructure.I doubt many will argue that.

You keep repeating that EUR has not started production and stuck to several timelines. I'm not going to argue that. But have you considered the fact that if this did happen, then perhaps the company may not be in the position it is now? Several years ago there were big over supply issues relating to lithium and companies who were producing were struggling. PLS was one example of a company who had major over supply issues and the price of lithium reflected this.

Not sure if bringing up the past is going to help the future of this company. From a company and shareholder perspective, the next year or so is the prime time to start production and gain lucrative offtakes (pending a successful resource and DFS). Not 2-3 years ago.They still need to achieve this, but the full extent of the lithium supply chain is only just starting to heat up and is only going to be getting hotter.

Maybe the company had some idea of this too.

Perhaps try and place yourself in the position of the company and look at it from their perspective.

They will always know more than the average shareholder

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Completely agree with everything you have stated.

Mountain Bike is doing what ever he can to discredit EL
and there current management.

I think he lives locally and is either completely against the mine reopening under the ownership of an ASX based company (EUR) for what ever reason.

If this DFS comes out positive it will be either be developed and mined by EUR or EUR will be bought out and someone else will mine it .

Its been mined before it ore it will be mined again.

EUR Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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