RE: RE: RE: Strategic Status - 49million grant - Czech Gigafactory2 May 2024 09:22
I want this to multi-bag as much as the next person, it’s why I’ve been here buying in/out for 5+ years.
Yes we know:
Biggest EU mine
Best located strategically for EU
Best Li quality %
Will be first critical EU project to get an offtake
The list of physical positives is second to none.
What is our issue as P.Is is time/schedule
So Please people on here stating it’ll make 100’s of millions in 2026……
We are not producing 30,000 tons in 2026, especially not 60,000 as was tagged onto that.
It’s now Q2 2024, we’ve just announced we are moving.
-Basis of FEED will not change “too drastically”, but it will have schedule impact.
-Detailed-Design will be impacted far more.
-ground works / clearing obviously can begin.
-decommissioning of former site will now have additional scope due to new facility build (the board should be more transparent about that)
-actual construction of a plant (mechanical completion - maybe finished 2026 )
-Commissioning & ready for ops is a different game & where projects see highest % of schedule slippage.
CRMA as clearly stated by the EU will be finished for end of Q4 2024 (link was in a post on this very board this week).
Don’t see any issue there but people are talking on here like it’s next month.
I still maintain strong investment if you’ve patience like me & can buy on these regular 10% swings
Investors need current facts,