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I dont think the recycling of Li batteries is that easy or cheap, and yes Li is abundant but mostly not cost-effective to extract. Hydrogen is abundant but getting it takes energy. As always with journalists big on story little on detail....
Telegraph is talking rubbish. Elon MUsk is worried about hard to come by Metals, Cobalt, Nickel, Magnesium. These on only produced in a few countries.
There are lots of Lithium everywhere. The difference is cost of production and impurities. BCN is amongst the lowest cost producers (on paper a least). The hard rock lithium are plentiful but cost almost double to convert to LCE, or Lithium Hydroxide. The only problem as we have found at BCN is getting the money to invest in the mines.
They also talk about after 10-20 years lots of batteries need to be replaced with the old ones being recycled. So the need to constantly build new mines may level off. Really does depend on have much storage and ev is needed and when that demand is saturated.
But unless someone comes up with a much cheaper production method BCN should still be cost competitive and find a market for its Lithium . But If you look at the expected LCE/Hydroxide prices for 2021/2020 BCN forecast profit is very low as it is based on 11k pt where the current estimates of pricing is 13k to 16k per tonne.
Do your own research EV and Storage are on an exponential curve as Tesla ramps up production and everyone else jumps in with competing products. The future is bright. BCN has been a long waiting game for returns so far. but we are over the hill and on the downward slope with production expected within 18 Months.
people can't even hold for a month these days, we just need to churn through the placing shares, the construction news and momentum will hopefully kick in
hmmm whatever you say about this good or bad, risk adjusted to be stuck in a 10% range for 3 months for a stock like this is dire! I suppose what it does show is that interest is not here right now but we do have a core long-term holders.
yep, ideally we will churn through the placing in the next few months and start moving up in Q3
Sure Secker said third quarter for the construction phase
https://www.telegraph.co.uk/business/2021/04/19/lithium-shortage-may-unplug-electric-car-revolution/
I agree, we are stuck in the 40-46p because we just did a massive placing and there is nothing much happening atm, the amount of interest will change when the construction phase begin imo
Just reading through the merger presentation and it just highlights how undervalued BCN is. Ganfeng, the highest valued lithium company in the world are saying Sonora is of strategic value to their future. Their mcap is $126b. Even if 2% of that value gets attributed to Sonora in the future then BCN is worth £1b.
Lithium Americas - $2b (will produce 40k)
Livent - $2.5b (produces 16k lce)
Pilbara - $3.8b (600k of spodumene)
Albermarle - $17b (produces 80k, set to increase)
Tianqi - $50b (produces 50k lce)
At some point BCN will get noticed, I suspect it will be mid-way through construction. When it does, I think we can look a lot higher than 100-150p.