Production of lithium mining 2019, page-3

Argonaut statement on there website.....

Dakota Minerals (DKO) released a Maiden Resource for its 100% owned Sepeda Lithium Project in Portugal with 10.3Mt @ 1.00% Li2O and 0.05% Tin. Whilst the project is modest in scale compared to some of its Australia domiciled peers, it is one of the largest JORC lithium pegmatite resources in Europe. DKO is pursuing a strategy to supply lithium into the European market and targeting first concentrate production in late 2018. The project benefits from its proximity to market and strong infrastructure. Potential access to cheap power should improve the viability of downstream processing to produce either lithium carbonate or lithium hydroxide for the growing battery market. With estimated cash of $20m, DKO is cash backed at 5.5¢ implying little value is attributed to physical assets.

They say late 2018 for production...........but note the negative tone in the last sentence.

Unfortunately Argonaut are bitter as one of the brokers who got burnt during the Lynas Find days and appear intent on punishing management and the company by selling into announcements. Hence suppressing the SP from rising when it should on good news and by killing sentiment have tainted DKO from being attractive to "new" investors.

I think the drive to list in Europe is strategic to attract investors on another market away from the ASX. To me the name change is critically important.

One big hint in the statement towards the viability of DKO is cheap power for downstream processing. Power is key to running costs and making this whole gig cost competitive.  Do we remember the comment months ago about hydropower.

I'm going to connect some dots here.........

Cheap subsidised power from the govt for DKO to support project viability.
Green power is good power, cheap and socially acceptable into the future.
Invites Tesla to build locally as Portugal is cheap labour as well.
It's a joint invitation really by DKO & govt to attract foreign investors.
Creates construction and ongoing operational employment for locals and help Portugal out of its employment problems.
Lithium Mining can become a more significant commodity in the country.
DKO and Tesla pay taxes in return for govt favours/subsidies.
Back scratching all around.

Just my thoughts..........