George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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r7632 hard to understand why they recommend companies that they have only published a PEA and are many years away from production, open to share dilution from necessary future capital raise and ignore BCN which is fully funded, started construction of the mine, has offtake agreements in place and only 2 years away from production...
I find all this fud about the chinese not increasing their holding to 28 8.% somewhat ill to thought out.
They have to stump up 210million USD for their 50% ownership of SLL. And BCN Will be worth almost 1billion usd in two years when they have built the mine.
Not putting in the money will seriously affect the money they have already invested and the future returns on the project. Considering infrastructure investments in china seems to be unlimited I can't see that the relatively small amount of money required here to develop BCN being a problem.
China is all about expansion with new trade routes being developed to allow China to export goods, and to buying up of African resources which the West have left alone since decolonisation and independence wars.
Everyone to to their own views. But for me this is just rubber stamp sort of thing.
The mine is all set and is being built. Only hiccups will be cost overruns. But even then they will find extra money to complete.
This is just like waiting for Tesla building Giga Shanghai. Then Berlin and now Texas. Just a waiting and watching game. But this is a lot less complicated and doesn't involve a whole new lot of technology. Very straight forward build of road infracstructure, power supply, surface mine and chemical processing under project management of Ganfeng team being moved from Argentina.
Great info, r7632
I do recall seeing an interview with Rodney Cooper a while back and was very impressed with his knowledge.
Very positive,
https://www.youtube.com/watch?v=Pulyoz0ZcOo&ab_channel=TheLimitingFactor