RE: Strong Buy.16 Mar 2024 12:31
@RG33,
I don't believe you would be in that position if the likes of Tesla, Ford or GM took an interest in Sonora instead of now relying on the US gov to fund Thacker Pass to the tune of $2.26bn - you of course remember that Sonora was expected to be producing in 2019 at 17,500 tonnes - that may have been 35,000 tonnes at the peak prices anyone want to calculate how much BCN would be worth if that had been the case.
How many potential off-takers could have taken an interest, not forgetting Hanwa's investment and expectation that they would bring on further companies to fund the project - how many of them are now chomping at the bit to get supply in Mexico.
Ganfeng were ahead of the game when others should have been and would have been producing now, I'm still expecting profit from our lithium interests - Amapa well that's the main interest now that will be the multiplier.
EMH still no off-take announced - could be soon, maybe a buyout;
As far a s Mexico goes it must be costing them not to have production, and if people believe the Chinese gov are turning a blind, I don't agree, there's too much at stake for Ganfeng to walk away.
Ganfeng's ambition is for lithium metal and solid state batteries, Sonora has very high purity lithium - the juniors who are failing are the ones that have lower grades across spodumene that's a fact PREM, CXO low grades low SP - it's not so evident at the moment with LFP - Solid state is the end game:
https://www.marketscreener.com/quote/stock/GANFENG-LITHIUM-GROUP-CO--7844214/news/Ganfeng-Lithium-In-conversation-with-Wang-Xiaoshen-46206361/
The lithium battery industry still has room to develop and improve in terms of the cathode, the anode and the electrolyte. Solid state is definitely one of the future technologies which could be revolutionary. We got into the solid state battery segment because we are trying to build a market for lithium metal. We want to develop this technology and so we need to create demand for lithium metal.
Well, I'm happy to give my pitch, and why I'm still holding, I see 2024 as a historic year in the making for EV's.
Ganfeng are the worlds largest lithium metal producer Mexico would be the ideal location for production, can Mexico really afford to be so far behind?
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