Have called and left messages for BB and Sophia - it is Sunday after all lol.
What is further more of interest is that BB states at the 8m10s mark that SKI is building 5 battery plants around the world and committed $5Billion over the next COUPLE of years.
SKI media statements and AUZ ASX announcements have previously stated;
https://www.asx.com.au/asxpdf/20180529/pdf/43vcr3v3v7yw29.pdf
" The catalyst for this rapid escalation of interest from international banks and project finance institutions are SK Innovations
repeated statements to foreign media that Australian Mines will be the sole provider of cobalt to SK Innovation’s battery plants around the world, including their Hungarian battery plant which is contracted to supply electric vehicle batteries to a number of premium German automotive companies from 2021 "
" Such statements from SK Innovation is a strong show of public support for Australian Mines and its ability to deliver the Sconi Project into production, which, naturally, instills a high level of confidence across the banking / finance sector as it confirms beyond doubt the importance Australian Mines holds within SK Innovations ever-expanding global battery business."
5 battery plants over next 2-3 years - sole provider of cobalt (note didn't mention or include nickel tho) Suspect this will have some element of inclusion perhaps not all, however SKI will open doors for AUZ as a 19.9% shareholder.
There is going to be some serious fast tracking of resources if AUZ going to keep up with supply for all 5 plants.
Curious if this includes the Korean expansion of the existing plant. China plant looking more and more likely.
We are going to see some serious value over the next 5 years.
Hungary plant offtake alone worth $5 Billion - whats 4 more plants worth - $$$$$
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