RE: Field visit7 Sep 2018 13:17
Kopf, I understand that they started many moons earlier as well. We may have had all the necessary various ministry approvals or no objections, but we don't know whether PAM still had any outstanding queries, or fresh ones, that needed to be covered off. The hardest bit of toothpaste to squeeze out is right at the end. Don't forget the toothbrush.
Meanwhile, Portugal continues to develop towards everything hoped for. Market sentiment maybe on a bit of a current downer, indeed with two opposing views could need a bit of lithium to help manage its bi-polar self. This will pass through as expectations of the availability of mass supply of a suitable quality at ever decreasing prices start to evaporate. Strikes me that out of the European based potential operations MDB gets far more ticks in the boxes than Serbia, Austria or either side of the Czech/German border. And all the time, demand continues to rise.
With the recent drilling update, Can't be long before the numbers are crunched and a new resource estimate is given and upgraded hopefully. Last time was a couple of weeks. With some folk it would seem that positive news of larger resources etc is bad news for the market overall. It's not a tumour, an increase or upgrade in that is bad news.
Aside from resource upgrades, I am looking forward to further information on Savannahs transforming from a Three Men and a Dog company into an integral and key part of Europe's supply chain for lithium and how they are set to feed the product into the market as it develops. Oh to be a fly on the wall at times - don't swat me now, I'm having a ball as Senor Mercury might have said.