RE: Spod up $100 to $1,600 overnight6 Jan 2026 13:51
Chislehurst,
If they say 12 months to build the mine then I believe they won't be far off, nowhere near as far off as you think. The reason I believe this is that once Ratification is received, FID with the current Spod price is a given, mine construction can begin and, the most important bit, Piedmont will want to go all guns blazing at that point and they have the money to get it moving and keep it on track. The mine build will be out of the hands of Government, Piedmont will drive it, Atlantic will get on with it just like they did with the years of drilling etc, this is the phase that Atlantic was designed for.
A big offer for Atlantic once Ratification is received is certainly possible, not just from Assore but from Chinese battery companies like CATL that are getting their production restricted by the Chinese Government, so are looking outside of China for resources that are unrestricted. Piedmont and/or Assore could counter any offer, sparking up a bidding war that would make us all a lot of money a lot quicker than waiting on mine construction.