EUR 5.26% 4.0¢ european lithium limited

Saudi Arabia can't afford, quite literally, not to be part...

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    Saudi Arabia can't afford, quite literally, not to be part of the "new oil" supply chain. Their future much depends on their economy connected to the world market. Russia can feed itself, Saudi Arabia can't. Place bias aside, EUR is well placed to have a lithium chemical plant on the door step of the Red Sea, provided/hopefully the deal comes through. Further, they are a stabilising force in the Middle East and as much as people have a distaste for the Saudis, we trade with them (think Aussie barley and camels) without discrimination... much like how we trade with China. Lastly, I very much doubt the Saudis would pivot away from their easy access of American technologies especially on advanced military assets and micro chips.

    You haven't thought it through either. Sorry to butt in your conversation.

    Sidenote: A reminder that EUR's assets is not just ~80% share of CRML, which is going to be the new company to own the Saudi Arabia plant (if things goes to plan). More than the new Austrian and Australian prospectives, EUR is set to help Ukraine re-build itself and its industry, specifically their mining industry with two known lithium deposits. White literally politically connected (a Board member). And Ukraine is big on mining with lots of talents. Mining would also need roads, rails and (hopefully) shipyard... WHEN (not if) the war ends.
    Last edited by BRProject: 13/04/23
 
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