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Absolutely correct Dv. 156.5M on the ASX site. But capitalisation so much lower than scores of small exploration companies that are many years away from making money.
Look at De Grey, admittedly a large gold deposit, but still in exploration stage and a market cap a little under one billion dollars. We are 5% of that!
still cheap though considering long term potential
Isnt it nearer 50m AUD now ??, 159m shares x 0.31 = 49.2m AUD
Our market cap is 35.6M AUD. Do the math. Some people are going to be very rich.
Yet another great article Fingersxed and it really does prove EMH is in The Right Place and at The Right Time .....
1.Cinovec is THE LARGEST LITHIUM deposit in Europe,
2.Cinovec is the Fourth LARGEST non-brine deposit in The WORLD.
3.Cinovec is centrally located for European end-users and is well serviced by infrastructure.
4. A GLOBALLY Significant Tin Resource.
5. Significant Hydroxide Results Achieved.
Cinovec is ideally suited to supply the right product at the right time into the growing European battery market.
Shard Capital 30th March 2020
Fair Value 80p/sh
WHIreland 14th May 2020
Fair Value 84p/sh
The valuation in the future of any project at Cinovec generating $150-$200m of free cash flow every year would be significant.
Looking Goooood .... What’s Not To Like ??
Europe wants its own Lithium supply and Battery supply even more so now than ever before.
WE ARE NOT AFFECTED BY COVID 19
Just purchased 3500 more
I keep adding for obvious next leg up
https://www.bloomberg.com/news/articles/2020-08-17/northvolt-gets-german-loan-guarantee-to-build-battery-cell-plant
EMH will be next !!!!!!!!!!! I can see free money in grants and the whole capex in soft loans as reported .
https://thedriven.io/2020/08/17/queensland-ev-battery-gigafactory-edges-closer-to-realisation/
If Australia builds enough of these ( which they should ) 50 % of the worlds supply of Lithium will only leave our shores as a Battery , where will everyone else get their Lithium ?
Good morning all
Does anyone know how long it will take for drill result's? Only confirming the monster we already know.
More late trades showing up..
Its a derisked road ahead, just slowly and safely. That's the only reason for the the price, everyone month moving forward the anticipation builds. Sleeping giant, 51 percent owned by a major. A major rerate will come in due time.
You said that really well, Fingersxed! Really nice to see that something is happening piece by piece. There was now an announcement almost every week with clearly positive signals.
I could now sit back and relax and consciously did not look at the course every day anymore. Because I simply have set myself a corresponding time window.
A certain mass effect is still missing here. If we first of all independently of the very good news a significant record a price increase and settle at 0.27, we would certainly receive further support.
It is partly a pitty that we still have to deal with at this time, despite all the positive news and progress with a course around the course. But like I said, the future will be rosy and it's worth waiting!
Oil is a scourge on society and has to go!
35 years of conservation work is at risk after the catastrophic oil tanker crash off Mauritius
Local conservationists admit they do not know how to deal with the spillage and are asking for help
Great first piece for @Independent by @kateanderso_n https://t.co/DRFjkQ1Kxr
Sooner or later money will poor out of oil stocks and will find homes in the best Lithium stocks .
https://auto.economictimes.indiatimes.com/news/oil-and-lubes/oil-companies-wonder-if-its-worth-looking-for-oil-anymore/77573991
https://ec.europa.eu/growth/industry/policy/european-battery-alliance_en
build on the EU list of Critical Raw Materials, established in 2017, to map the current and
future primary raw materials availability for batteries; assess the potential within the EU
for sourcing battery raw materials including Lithium from the Czech Republic,
https://eur-lex.europa.eu/resource.html?uri=cellar:0e8b694e-59b5-11e8-ab41-01aa75ed71a1.0003.02/DOC_3&format=PDF
Ah I see :-) Yes it seems that way. Didn't tey do something similar in the UK recently? I don't really understand the intricacies of energy supply markets.
Sorry to confuse you antelope. I was referring to the EU lifting the barriers they had set in place for the non renewable industry referred to in Fingersxed link.
“Historically, grid codes were written with thermal plants in mind. But there are signs that continental Europe is opening up in a technology-agnostic way and that barriers to storage are being removed,”
Are you suggesting that Babis' shenanigans was anything to do with the EU? Rather it was fear of the EU and reliance upon it that restrained him. And the whole point of the EU is precisely to coordinate activities across the now 27 nations to everyone's advantage, as opposed to fostering competition only. Through mutually agreed collective action between nations. Including funding infrastructure projects in poorer areas in order to accelerate economic development thereby generating new markets. Not sure why you're not seeing collective funding of, and action in support of, the green tech sector through grants and loans as a 'conservative protection racket' also. It's just another example of how it's always been. I'm happy for you if you're finally understanding that. It hasn't changed, but it does need to . It needs to be more coordinated if anything. In my humble opinion, the EU is a miracle of cooperation and mutuality that much of the world should take heed from. As opposed to the savage, dog eat dog neoliberalism across the pond. Anyway, not a venue for discussing politics. Sorry, couldn't resist a response.
We agree on one point... this is indeed very exciting. CEZ being 70% owned by the govt really means that all will be fast tracked from now on. And the Czech Republic being in the EU means that funding and assistance will be available in spades, given the crucial importance of Cinovec to the 27 EU economies.
This is actually really exciting. The EU has radically changed from a conservative protection racket to accelerating change and progressive competitiveness. This might just reverse all the delays we've had from the Czech governments posturing over the last few years.
Four lithium mining projects totaling €2 billion of investment have been launched by Spain, Portugal, and French-German and Czech-German partnerships. The mines are expected to be operational between 2022 and 2024 and could meet up to 80% of Europe’s lithium demand by 2025.
https://www.pv-magazine.com/2020/08/08/the-weekend-read-europe-ramps-up-policy-support-for-storage/
Verkor was founded in response to the growing gap between the expected demand for batteries and the COMMITTED and PLANNED EUROPEAN SUPPLY . AND WHOM MIGHT THAT BE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
https://www.eba250.com/verkor-europes-new-battery-cell-producer-begins-its-industrial-journey/
PS they would not spend $1.6 billion not knowing where they will get their Lithium from .
Great to have EIT onboard knowing they lead the EBA , Keith really has pulled a blinder here & Keiths expertise in finance is coming through.
Lots of great positive news flow to come.
The Project, a joint venture between European Metals and CEZ, has been recently funded to the amount of approximately EUR 29m, taking the Project through to construction decision and the purpose of the financing agreement with EIT InnoEnergy (the Agreement) is to support the construction financing and ultimate commercialisation of Cinovec, the largest hard rock Lithium deposit in Europe, by EIT InnoEnergy providing assistance to EMH to support the:
o Sourcing construction finance;
o Securing grant funding; and
o Assisting in offtake introductions and negotiations.
EIT InnoEnergy leads the the European Battery Alliance which was initated by the European Commision in 2017 to create a competetive and sustainable battery cell manufacturing value chain in Europe.
Last week the EU approved the Green Stimulus Plan, agreeing to invest more than 500 billion euros into a climate change plan including electric vehicles and renewable energy.