RE: EMH3 Nov 2020 14:27
CZLi.... in answer to your post;
Yes, tin was mined there for centuries, but nobody give a heck about environment than. AGREED
Unfortunately lithium deposit is located more than 200 meters down below surface. I DON'T BELIEVE THIS TO BE TRUE, I UNDERSTOOD THAT THE PERFECT ECONOMIC SCENARIO WAS TO OPENCAST THE ORE BUT THAT THIS WILL NOT HAPPEN FOR ENVIRONMENTAL REASONS. I THINK THAT THEY NEED TO LEAVE A 30M DISTANCE BETWEEN EXTRACTION AND SURFACE.
And now it comes down to technology and financing it and making products that will be cost effective. AGREED. OUR PRODUCTS SHOULD BE VERY COMPETITIVE ESP IF WE GET A TIN CREDIT (AROUND $500 PER TON AT $15,000 TIN PRICE), Don't forget CEZ can always back up from this adventure until next year but I personally believe he is not going to do so. IT IS NOT IN CEZ INTEREST TO BACK UP THE PROJECT UNLESS THEY BELIEVE THAT THEY CAN TAKE BACK THE 49% THAT EMH OWN, IN WHICH CASE THEY LEAVE THEMSELVES OPEN TO ARBITRATION SUITS UNDER EUROPEAN LAW AND POTENTIALLY ALIENATE THEMSELVES FROM THE EUROPEAN MONEY THAT WILL FUND MUCH OF THIS..... WHY BE TIED UP IN COURT AND JEOPARDIZE BEING FRONT AND CENTRE WITHIN THE EUROPEAN ELECTRIC REVOLUTION? CEZ HAS NUMEROUS INTERNATIONAL JV'S, THEY WOULDN'T TRASH THEIR REPUTATION.
CEZ is already applying for all kinds of permits needed for future operations and CEZ is the ONE holding all the aces in this game. THE DEAL WAS A NECESSARY ONE FOR BOTH PARTIES, EMH HAD THE OWNERSHIP, CEZ HAD THE POWER