George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Wait until you’ve been invested here 8 years too while KM bounces
From one failure to another
Nick's nonsense back in January:
I got told repeatedly on here £1 a share when deals complete.
Living on a prayer and hanging on the every word spoken by the so called rampers. Great strategy Nick.
Suppose you stood and clapped while he diluted the company and killed all
Sentiment with that placing a few days before company changing news????
Do you stamp your feet as you write these posts Nick.
Nick..and another one for uhttps://m.youtube.com/watch?v=WhBM9xxkiFA ....but stop crying...if u have nothing constructive to say, better shut up
Nick!...or much better..."Run runaway "https://m.youtube.com/watch?v=23FjDtbVIkY
Nick!..I told u long time ego-if don't know how to play AIM "poker"..just kiss the table and go away..."far far away "https://m.youtube.com/watch?v=iQ5itYUNu70
We are getting mugged off?
Christ's sake Nick. Next you will writing about the agg he's caused ya.
The sensible solution where everyone wins is a JV between Ganfeng, the government and an automaker. The government can buy in at a fair rate and we can probably exit at that stage if desired.
Agreed @Jimb2. Firm Govt incentives will likely be needed if they want to attract outside investment.
OEM’s and the likes of Blackrock, Hanwa etc will be watching very closely. No one will invest time and money if there’s a risk the EV industry in Mexico faces an uncertain future. With that uncertainty removed the race to invest and accelerate the industry should see a massive bounce in the development of Sonora.
agree @Zoom56,
If I were Ganfeng I'd be asking for incentives to develop Sonora after these antics!
It will be critical for Mexico to be part of the EV revolution to have their own locally sourced lithium from Ganfeng together with the recycling and battery plant, which could leave the future of the Mexican car industry hanging in the balance
There’s a very strong argument against nationalising Lithium mining and that is every deposit has a different collection of minerals in it’s make up which requires bespoke processing. The processed lithium then needs to go through a qualification process that can take up to 2yrs before being considered as battery grade and acceptable to the battery manufactures. Sonora clay deposits may well need each mined area to be processed and qualified as a separate entity. The investment needed would be considerable and not the simple mine it, process it and sell it that AMLO seems to assume to be the case.
Down stream battery recycling etc falls into a similar category and doesn’t fit well with the traditional ‘once invested, job done’ investment case normally associated with Mexico’s nationalised petrochemical industry. Even that has failed to evolve and reinvest its profits in continued exploration for more economic resources as is often the fate of a nationalised industry. Battery recycling is an evolving science and no doubt a patent rich environment that would be impractical to nationalise.
Once the political cheerleading is done, the cold light of practical operations and economic reality should come to the fore and AMLO’s ambitions of a nationalised industry are likely to face a reality check.
For anyone that hasn't been following, someone has been attempting to form an alliance with Chile, Argentina, and Bolivia to develop lithium - hence my first post with this thread title:
#####
https://www.archyde.com/argentina-prepares-a-great-jump-with-lithium-experts-assure-that-it-could-take-the-floor-from-chile-economy/
And although Chile has one of the largest lithium reserves in the world, above its neighboring country, according to experts Argentines could fight the market due to the projects and investments it is promoting.
#####
And now Chile has rejected nationalising lithium - this has totally weakened A_L_'s position and together with his attempts to ignore trade agreements plus backing the wrong side in the Russian Ukraine conflict could prove costly.
Courtesy EMH BB posted by iplitigator:
https://www.theguardian.com/world/2022/may/15/chiles-constitutional-assembly-rejects-plans-to-nationalise-parts-of-mining-sector?CMP=share_btn_tw
Reuters May 12, 2022 10:14 a.m.
https://www.eleconomista.com.mx/amp/politica/AMLO-asegura-que-el-presidente-de-BlackRock-lo-invito-a-Nueva-York-para-hablar-de-inversiones-20220512-0040.html
AMLO assures that the president of BlackRock invited him to New York to talk about investments
President Andrés Manuel López Obrador explained that on Wednesday he received Larry Fink and that during their conversation they agreed that Mexico has "unbeatable conditions for foreign investment."
President Andrés Manuel López Obrador said Thursday that Larry Fink , president of BlackRock , the world's largest asset manager, had invited him to New York in September to talk about investments in the Latin American country.
In his morning conference, the president explained that on Wednesday he received the executive and that during their conversation they agreed that Mexico has "unbeatable conditions for foreign investment ."
Indeed @EV_Bull,
Its not that easy getting a project off the ground:
https://www.elfinanciero.com.mx/empresas/2022/05/12/gobierno-tardara-20-anos-en-extraer-litio-advierten-especialistas/
He warned that even after investing millions of dollars, many companies are not successful . Such is the case of the Canadian company One World Lithium, which in January of this year announced that, due to low exploration results at its mine in Baja California, the company no longer had an interest in that salt flat in Mexico.
https://oneworldlithium.com/projects/
The Salar del Diablo is 4 million years old and was not a closed basin until recently, so the lithium ions were swept downstream and out of the basin. During the four hole diamond drilling program, 18 samples were taken and analyzed and the 18 samples contained less than 5 ppm (parts per million) of lithium or simply stated; the samples did not contain lithium. OWL released the sample results on January 04, 2022
https://www.reddit.com/r/CadenceMinerals/comments/unyyb7/pentagon_asks_congress_to_fund_mining_projects_in/
RARE EARTHS
The United Kingdom refines nickel and has several proposed processing facilities for lithium and rare earths. Australia has mining and processing facilities for a range of minerals, including iron ore, lithium, copper and rare earths, a group of 17 metals used to make magnets that turn electricity into motion.
The Pentagon last year awarded a DPA grant worth $30.4 million to Australia-based Lynas Rare Earths Ltd (LYC.AX) to build a processing facility in Texas with privately held Blue Line Corp.
Last month, Lynas Chief Executive Amanda Lacaze complained that those funds have yet to be dispersed, citing ongoing negotiations over protection of her company's intellectual property.
The Pentagon has also granted at least $45 million to MP Materials Corp (MP.N), which controls the only U.S. rare earths mine but depends on China for processing.
The funds are to help MP's efforts to resume U.S. processing of those strategic minerals. Las Vegas-based MP said last week that it has started receiving those funds and that the Pentagon will have "certain rights to technical data" because of the financial support.
https://www.reddit.com/r/CadenceMinerals/comments/uo9pi6/neil_hume_ft_on_twitter_first_tesla_and_now/
Only a matter of time for a bidding war to start for EMH, Nissan now throwing their hat in the ring.
Fox launches against AMLO for nationalization of lithium
https://amp.nacion321.com/ciudadanos/fox-se-lanza-contra-amlo-por-nacionalizacion-del-litio-lo-llama-lopez-cardenas/
Even in Mexico, Bacanora Lithium and its partner Ganfeng Lithium allocated about $420 million in their mine in Sonora.
Currently, Mexico does not produce lithium, an elementary component for the manufacture of electric car batteries, but that could change when Bacanora Lithium begins commercial operations in 2023.
https://www.archyde.com/argentina-prepares-a-great-jump-with-lithium-experts-assure-that-it-could-take-the-floor-from-chile-economy/
Hopefully, A__O will see sense:
April 28, 2022
“They are thinking about doing a joint job” with Chile, Argentina and Bolivia, said the president of Mexico in the last few hours in relation to lithium, a mineral that was nationalized in his country.
The president of Mexico, Andres Manuel Lopez Obrador (AMLO), announced this Wednesday a meeting with the governments of Chile, Argentina and Bolivia after the reform that last week nationalized lithium in his country.