The just started the commissioning of leop JC. So the announcement of first tonnage production is little while away and end of October as they have already announced. That will be the biggest catalyst of this company and everything else will fall in line. Why?
EU doesn't have any lithium production and this is the best ever way they can get lithium sticking to their environmental standards.
so France's assessing this as national priority and italian strategic importance assessment will make sure funding of this project is smooth one also with numerous green funds will happily spend money on this.
Germany from chancellor level is pushing for more geothermal energy and baden-wuerttemberg greens wants their state to be geothermal state.
And most importantly, look at the numbers. Yea high capex but lowest opex, which is the most important as vulcan will still be operating in lower lithium price environments (if that unlikely scenario eventuated) when others are forced to C&M.
So if our LEOP is successful as we expect, there is next to no doubt of funding of this project.
Will LEOP be successful one? You can get a hint from the company action and actions of directors. Vulcan is buying lead items for commercial plant and conducting seismics in other municipalities.
action of directors, as non of our directors have sold, infact they bought more shares. They could have easily sold out
and made millions and walked away.
also more and more important news flowing through now.
some geothermal projects who had a head start to vulcan,who accessed the same upper Rhine aquifer vulcan also going to access,like garben neudorf is showing better than expected results (200 Celsius) and didn't cause any earth tumers as geothermal opponents suggested or claimed and now their scaremongering tactics will yeild next to nothing.
I said few years back that garben neudorf will set the precedence to vulcan and all the other geothermal plants in Baden-Württemberg.
So we are innvested in a very interesting company which not many see its real potential at the moment but im not worried a bit.
hopefully vul being the LEOP news sooner than later.
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