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Kikker1959

10,632 Posts.

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12/09/19

07:52

Post #: 40390768
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Originally posted by 8horse ↑

@Gulaschmann, You posted last year,
“If EV wants to compete with ICE and beat it in future (and it does) they have to cut the costs. Whoever will run the mine on longer term will have to be able to attract an investment of additional billions to process the spodumene on spot.

The Manono area has unique cards for this (geographically the best in the world) but the Chinese or whoever are willing to invest, will want to see how the political power will transferred in DRC without losing stability of the county. I do think this will be the case right now, even if things will not happen according to developed countries standards or taste.

For upcoming processing investment, it is beneficial if others also find lithium containing spodumene in the area in remarkable amount. From what I know from geology and information available this is going to be the case.

I think, people who do not have the patience to wait another 4-5 months are better if they just sell off. It does not make sense to follow news day-by-day and shake each day what will happen. For the ones who can think in further perspective the Manono story is an ultimate investment. I think all three companies mentioned in the headline (AVZ-4CE-TTX) and may be some others will create together the World´s Lithium Hub in Manono-Kitotolo, DRC.

Me, personally also want to see that people in DRC finally start to benefit from the commodities of their country. With Lithium and its added values through processing they finally have a good chance for this.”

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The sad thing is the locals in Africa have never benefited since mining started, due to tribal corruption, conflicts and white ripoffs. An other dream. In fact there societies would have been better off without capitalism poking in it.

AVZ Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Running discussion on SP, page-22552

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