Anyway - ignore the conservative lithium demand projections. As a comparison, some famous computer quotes...
"Computers in the future may weigh no more than 1.5 tons." - Popular Mechanics, 1949
"I think there is a world market for maybe five computers." - Thomas Watson, chairman of IBM, 1943
"I have travelled the length and breadth of this country and talked with the best people, and I can assure you that data processings is a fad that won't last out the year." - The editor in charge of business books for Prentice-Hall, 1957
"But what...is it good for?" - Engineer at the Advanced Computing Systems Division of IBM, 1968, commenting on the microchip
"There is no reason anyone would want a computer in their home." - Ken Olson, president, chairman and founder of DEC
"So we went to Atari and said, 'Hey, we've got this amazing thing, even built with some of your parts, and what do you think about funding us? Or we'll give it to you. We just want to do it. Pay our salary, we'll come work for you.' And they said, 'No.' So then we went to Hewlett-Packard, and they said, 'Hey, we don't need you. You haven't got through college yet.'" - Steve Jobs, cofounder of Apple Computer
addicknt, you are on the mark! I have to admit to disagreeing with DL on his "We don't need the Asians" tweet although I understand the context under which it was made in answer to the question, Why don't we sell it to Chinese?
He is correct in the above specific context but that answer in the way folks interpret it, is totally out of whack! We DO NEED the Chinese and we NEED their Monopolistic power play and geopolitics in South America! They are all driving forces that make Sonora ever more valuable & crucial due to it's vast scale and geographic location!!!!
DL is not a fool and neither is Secker based on the little I have heard from him anyway! When Secker eluded to marketing Asian customers, it is a marketing ploy. The phrase "The enemy of my enemy, is my friend" comes to mind. Our greatest enemy at the moment is the Western World's lethargy and self pity as a result of the global financial crisis! Prior to 2008 a resource discovery of Sonora's scale would have invoked interest from many corners in the mining industry as well as financial sectors all falling over each other to take a slice of the pie!!
If it takes a prospective Asian customer's interest to startle ad wake the West up, to a renewed threat of losing such a huge and crucial resource on it's doorstep, then so be it. Secker is playing a game and he needs to! The Chinese are our friends because without them, the West does not need this resource. They are a marketing tool and driver in our toolbox.
The exact same goes for Tesla, because there are plenty of end users out there that would be more than happy to use what ever Sonora can produce. That list is not restrictive at all. Toyota for example have agreed to Bolivian infrastructure development funding as a result of desperation! FMC cannot produce enough for it's own chemicals product range. The point is as I've said before, we need Tesla as the driving & marketing force behind the product but they don't 'maketh' Sonora. We continue enjoy their free advertising & hype and if they happen to become a customer or partner then it's another big bonus but not a necessity!!
The Chinese are instinctively monopolistic. They will want control of as much of the Worlds lithium supplies as they can get their hands on. BCN will become THE obvious target for them. All we need then is a bidding war with a few of the global mining companies and it's game on. I give BCN 12 months max before we find ourselves in this situation. DL knows this and hence the continued buying. As an aside, I think we'd all love to know why the bloke was kicked off the board. Has any one of you twitter people asked him? And, as shareholders, don't we have a right to know?
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