Agreed, NMT decision to partner with the battery producer such as MB and importantly allow them to own the battery minerals, tweak the plant to best recovery rates from same cannot be underestimated as it’s not just the recycling plant that’s important but the long term guaranteed feed stock.
Having it funded and owned by the battery producers is the way to go, but it’s slow as we work jointly with MB to adapt the plant to best suite their battery packs and content.
Share price is a Sheet show at the moment, but to me we’ve not had hellish bad news to drive us down to these levels, delays yes and to be expected IMO and a knock back on barrambie deal didn’t help but others are looking any income there would be a lift I’m not sure NMT can afford to spin it out at the moment unless something changes.
Income and news needed to change sentiment here and not a comfortable hold position at todays price, strategy was hold until recycling plants up and running and that’s slowly happening now with MB, GLAH, Loop.
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