RE: LET'S BE REALISTIC18 Jan 2024 18:21
Good points Stranger and an excellent post. Don't really agree with you about EVs. Markets are smart, and the fact that Copper is depressed and Lithium even more so indicate to me that Governments are not in control of timescales here. If Governments want this then they would have to massively support both fuelling infrastructure and mining activities financially - look at EMH, ZNWD and SAV in Europe which have Lithium in the ground but are making literally zero progress towards production despite a huge European Car industry who are supposed to be phasing out IC engines imminently? What is the EU doing? The situation is ludicrous. Without financial support all governments can do is set loose targets and spectate as they see how quickly things develop, in other words like now. Its no good setting drop dead dates when you are talking about crucial things like transport and energy supply, or as a Government you will face embarrassing climb downs when the lack of progress emerges. Like the Tories have done already with the woeful EV recharging rollout countrywide.
Was only talking about EVs with friends in the pub after todays walk. To a man they wouldn't consider pure electric except as a second car for local town use, but would consider hybrids. Life is stressful enough, why add to it with range anxiety?
I agree with Van about hydrogen cars being the best option but is unlikely to gain traction as EVs are far more advanced (for those of us of a certain age think Beta vs VHS). We aren't investing in EV recharging, how will we do that same with hydrogen refuelling stations as well? So I understand why markets aren't bidding up copper and lithium with the vigour that many 'experts' have been predicting for the past several years, because they cant see the level of demand 'experts' predict. More on topic, the price of Lithium and Copper going through the roof are about as accurate at PoG at $3000, $4000, $5000+++ that frequently do the rounds year in year out.
I think Van and I were at the same meetings 5 or more years ago when gantt charts were still a thing. Tavsan should have been in production for some years now and we are still the best part of a year away. How many people reading posts on this board are more than 50% certain that Tavsan will enter production in Q4? Or that the Venus IPO will happen in Q1 or Q2 this year? I certainly am not. With AAU nothing ever happens before it is estimated only after - usually years after.
How can the Kiziltepe plant be reused in Kosovo when it is owned by the JV that AAU owns only 23.5% of? Or are we going to give 76.5% of out interest there away to Ozaltin/ Proccea for next to nothing as happened at Salinbas?
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