That is VUL challenge moving forward is to show that the scalability of the cost makes the project economically viable.
There are multiple plants being planned all over Germany. Rock Lithium is building in Berlin near Tesla for example.
There are also planned projects in Austria and the UK.
The VUL narrative hinges on the credibility of the renewable process. If you believe in the management and trust that they can build a plant within the next 2 years and go to production in 2024 / 2025, then stay invested.
For me, I think the time line is slipping and that the MC is over valued vs other alternative companies. Moreover, I dont think that they will be able to control the capital costs in an inflationary environment. So I sold and have invested in the alternatives.
I might be wrong, but that is subjective call in this race.
Good Luck to all VUL investors.
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