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Are you serious crash? They both say the same thing? Offtake and...

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Lithibull

316 Posts.

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08/08/17

17:24

Post #: 26369214
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Originally posted by crashman111 ↑

but then you have this contradictory statement from Allan Rule (see underlined):

http://www.copyright link/content/dam/images/g/s/g/0/v/n/image.related.afrArticleLead.620x350.gxqmbs.png/1502101344439.jpg
Ken Brinsden, chief executive officer of Pilbara Minerals, says electric vehicle manufacturers will invest in lithium mines to secure supply. Carla Gottgens
http://www.copyright link/content/dam/images/g/h/h/7/q/i/image.imgtype.afrAuthorAvatar.120x120.png/1433455270093.jpg
by Tess Ingram
Electric vehicle and lithium-ion battery manufacturers are so concerned about securing supply of the battery material they are casting their eye over proposed mines they could invest in, lithium mining executives told a conference in Western Australia.
Alan Rule, chief financial officer of lithium miner Galaxy Resources, said he had recently had meetings with some of the biggest traditional car manufacturers in the world about whether the product from its proposed Sal de Vida and James Bay projects would meet their specifications.

Mr Rule said the companies were keen to diversify the supply chain away from China, secure production from about 2025 and be able to deal directly with the miners, rather than the lithium chemical converters or battery companies.
"They are very active right now and they have been for the past couple of months," he said.
"We are talking to them about an offtake agreement for Sal de Vida – 10 years and a pre-payment. Then we don't have to go and debt fund anything... they may come in for a small portion of equity. That is how we are hoping to do it and then they have guaranteed supply."
The adoption of electric vehicles and energy storage systems, which use lithium-ion batteries, has boosted demand and pricing for lithium over the last couple of years.
Galaxy already operates the Mt Cattlin mine in Western Australia. Pilbara Minerals is developing the Pilgangoora lithium project in Western Australia, which it expects to commence production in the second quarter of 2018.
------------
>>> It one or the other... which is it? why are management not being transparent?

Full article - http://www.copyright link/business/...ng-to-invest-in-lithium-mines-20170807-gxqmbs

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Are you serious crash? They both say the same thing? Offtake and stake in SDV?
Are you secretly ML or Royal Viking?
this is an awful lot of mental gymnastics that you are performing from a very awful translation of an article.

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Are you serious crash? They both say the same thing? Offtake and...

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