The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
One unexpected effect of the law will be to highlight a comment Tesla CEO Elon Musk made on the EV maker’s most recent conference call, and has made before, that coming demand for EVs will make the next half-decade a great time to be an entrepreneur mining or refining the lithium that powers electric vehicle batteries. The law’s buy-American provisions will only add to those pressures.
“It is basically like minting money right now. There’s, like, software margins in lithium processing right now,” Musk said on the recent earnings call. “So I would really like to encourage, once again, entrepreneurs to enter the lithium refining business. You can’t lose.”
Listen at 3 min 30 Piedmont earn 50% offtake at market rates.
https://www.youtube.com/watch?v=no4XXu2fNuk
Core have 15m/t and we have 30m/t so far. Their mkt cap is 1.2 billion pounds and ours is 282 million. Roughly same grade but their capex and opex is higher. They have a DFS and they are 4.4 times our mkt cap. Bring on the ASX Listing
Our resource is only going to get bigger and bigger. These will be fed into the impending PFS and ultimately the DFS with drilling continually expanding the resource. The BOD will want to achieve the legacy of Vince. Once in a lifetime opportunity, with Lithium prices not looking as though they subsiding.Multiple rigs on sites drilling like mad.