Member Info for MajorOak

Fingerscrossed, I believe you are very clear on the project.
Without the DFS just so we can calm this debate a little.

Am I correct :-

1 - Within the next 4 weeks the discussions between VW & CEZ and EMH may result in a battery gigafactory in Czech R?

2 - Offtake , in my guess will be CEZ then buying offtake for their own venture OR VW putting in an offtake ?

3 - I guess the Offtake v factory dates may switch? You cannot build a factory to make batteries if you have no local supply which what VW / CEZ want.

A simple clarification on these to imminent points may help then form a proper debate about the amounts of offtake taken and what is left ? EG If the offtake is for 10 years , 10,000tpa Lithium Hydroxide that leaves early production with say 13,000tpa to play with?

That shouls settle the minds of the UK gamblers and punters who are obviously coming in and KEEP selling !

Lenigas , omg, posting positives on twitter about Cinovec.
Now that makes me happy regards absolute ramping he will bring, but I worry if he is anywhere near emh in the back ground. Cost me a lot of money over the years.

https://cms.law/en/cze/news-information/cms-advises-kaupthing-on-1.3-million-sqm-czech-land-bank-sale

Germany have mines. Vulcan i think will be teslas fav it being brines, musk likes brines but they cost more to produce.
The other deposits are smaller to small and you have to wonder at the economics should prices fall as supply comes on stream from all the other mines.
By 2025-27 will a new more advsnced tech be cheaper with better range !??? Hydrogen is charging with leaps and bounds. These could hit the smaller mines ?
Go big with mine size, go specific with supply, watch the politics as this is a very profitable metal and africa is known to get greedy leaders. China will control Asia so pick a project that supplies china and that will not be far wrong.
Thats about it. Many companies in Africa say they are high this high that but the risk is huge. Why has musk not built in Africa , with all that solar power, cheap labour , masses of land and all the metals anyone could need ? Ask yourself that I would suggest.
Hard to make money on aim, very easy to lose.

I am now standing back. The world is changing and quickly. I think for stability of investing Biden holds the key. If he becomes ill within 4 years, it could quickly change and Trumpism will be back, make no mistake.
So my investment policy is short term , minimal ie I want one company one project as much as possible or great visability across a couple of extra projects. I want country or regional specific being favoured by that regime.
I want near term moves to or actual production.

In the 2017's in my rush to invest in anything lithium Africa, Far East stood out. For me the political risks are too high.
Kezera has fantastic lithium opencast pegmatites, well mapped , historic, great grades but no water and a very dubious board who also would rather invest in other ops rather then quickly get to Lithium and get it out and sold. Tantalum is a key product here but they are playing at it and the risks are too high.
Piedmont Lithium. Well I said buy US$27. You came back with it was drifting towards 25 dollars. Look now on now news. US$75-80.00. My £50,000 in at approx US$28-30, then a few more added at mid 50's. Wait until there is actual news. This is the US gokd standard and will always have a premium as I said before rock lithium is what they want. I noticed yoy mentioned the Tesla deal back in Sept that near doubled the sp in a day. Tesla own land now in Raleigh next to the mine near enough. That looks like the next battery plant as adverts went out for battery jobs at Christmas. Tesla semi truck snd car plant in Austin us testing its own Lithium Hydroxide plant onsite. A full olant cost approx US$350-375Million. Why ? I suspect the deal Piedmont did with Sayona in Canada was part authorised by musk. Sayona have 3 lithium mines that Piedmont now have access to. There is also a Tesla factory up there and surprise Sayona process rock lithium to lithium hydroxide.
So "if" Tesla buy out Piedmont they get THE best quality lithium in the US so its safe. They can take the hit on processing themselves, making the Piedmont buy out cheaper. Plus they get access to 3 canadian lithium rock mines AND another hydroxide processor.
My target for takeover was US$80.00, well thats pretty much gone. So now US$120.00 Per share. If there is no buyout my target for summer 2022 is US$400.00 + Including Capex of US$800M (to build the mine and hydroxide plant is US$500 approx. The other 300m is for extra cost associated with buying more local mines fir greater production figures and overruns ).

EMH lithium is by far the biggest, the best and cannot be besten in Europe for location. Portugal have mica and clays expensive to process and much smaller deposits. Sweden Finland great grades, but a way off construction and supply and also smaller deposits. Rio in Hungary ? Stranger form of lithium rock but can convert to Hydroxide. Costs to do this I am unsure on and being in the East worries me more about the Russia effect.
Germany have lithium mines. Vulc

Good morning tyson - sorry to everyone for a little off topic.

Well NEL's slide ... ? I was expecting the fund raising and dip towards NK27.00 but this has genuinely imho been oversold. I think one major reason why is the lack of news in the media. However, do a little boring reading on other piers and the markets in general and I could see NK 25.00 being a very fair price. As I say the next 3 Q's look like being very different based upon that lengthy reading. Most of those big rises created by CVD , come on we have to be honest, they are great companies in their own right, but if a market slides there is no stopping even the best taking a hit. NEL, as you all know is my go to company. I still hold firm, still up very well thank you and commonsense should tell me that stepping back and looking at anything 10%+ in a bank would not be possible. So glass is always half full.

OT part.

LITHIUM.
Tyson, back in the 1st lithium rush I made £185,000 on EMH in about 6-8 months bought at 8p , did some silly messung about mid 40's because then I was making big money. I learnt a lot then as I thought it was SO easy. Obviously history shows I knew nothing jumped in to others , spread risk as any investor should - rule 3 - got some trades wrong and basically got over excited and where I made £185,000 , SHOULD have made nearer £400,000. Leason learned.
Also another lesson , NEVER chase the rainbow ! Now that one has helped me and my sanity.
Tyson. I know the main shareholder of emh personally. Follow fingerscrossed and watch his every post. READ EACH WORD seperately and take it in. A lot gets repeated but he is 100% sitting next to the ceo.
Now VW have finally ( vw deal was on the table in 2017 but they couldn't make their minds up on the type of battery doh. They were still reeling from dieselgate which didnt help and they were scared). I have personally waited near 5 years for this Major to do what they should have done years ago. Their verbal and printed partner European Manganese EM-N is now out. I bought within the hour of it coming out last monday and had looked quite closely 2 weeks prior by chance. Czech company as is EM - H the lithium company.
EMH is 95% SOLID BUY. LITHIUM only major source in the EU.
EMN 80% solid. Only manganese mine in EU.
VW will HAVE TO USE BOTH, it is simple.

2 minor concerns. 1 Russia has 1 finger in here somewhere, but they will profit from both, it is just how this hapoens whilst being part of the EU.
Senario 1 - 85% will happen. EU & VW CATL LG Buy offtake.
Senario 2 - The Russian gov start to play hardball with EU, however the mines will still open and hopefully still be listed, but more product could go to Eastern ( russian states). This is still an outside possibility. 5-10% chance.

ASD$6.00 Fingerscrossed says KC wants.

Chin chin to that day.

Lets just get this Czech listing done before Easter and hopefully when the CEZ fan club have bought in KC will be allowed to be normal and do some business or the other way around ???

More's the point, how long is Easter in a country that likes a good long holiday ? Summer is 4 months off hahaha.

Have a good weekend all.

Incorrect. 2018 China 5,000 tpa production line using MICA. It has been done mate. As you will also know Chinese lithium is of very poor grades which is why they buy all the lithium they can from Oz, Africa and S America at extra cost and CO2 footprint. Just as they went in to production of admittedly small inital amounts with GANGFENG !!! the market price of lithium fell off a cliff hitting all lithium majors worldwide and shutting down many smaller uneconomical mines.
Yet to say MICA has not been commercially processed is wrong ! Tech has also moved on a lot since then and brines are better BUT more expensive.
"The production lines have an output capacity of 5,000 tonnes per year of lithium carbonate by using mica". - https://www.yicaiglobal.com/news/jiangte-motor-lithium-carbonate-project-meets-5000-ton-design-specs

https://www.fastmarkets.com/article/3958541/ganfeng-lithium-jiangte-motor-terminate-production-line-cooperation-agreement

China has very poor grade mines but have used mica to produce lithium carbonate and thus once graded as lithium carbonate can 99.9 times out of a hundred be converted to Hydroxide.

Not sure why you put the link to British Lithium up. I have actually emailed BL directly this week about investing as an individual. The guy who did the first lithium work at Cinovec , Andrew, is the CEO of BL. As he understands the Cinovec mine and Mica and the geological link to Cornwall why would he have set up BL in the first place ?
One reason why I have done my planning for Cornwall lithium deposits already, but will only invest directly, they are way way behind even Cornish Lithium and the extremely high grades will cost more per ton and are still in early stages for me to invest.
If you think mica cannot cut it, then the Chinese can prove you wrong.

VW CEZ Lithium deal was always going to happen.
It is how much, and any other buyers I'd be more interested in. Not that it matters.
Get the deals done, raise the sp, get the DFS then funding in and start construction by September .... @@

Sorry only joking, just wish for what it should have been, production in 2021_22. Heyho. There is not enough lithium - fact.

I have a smallish holding based on the same theory as cinovec. Little competition in the EU and with VW stating manganese and Tesla using a fair bit too, it seem a sensible purchase.
Not bothered about raising, its a means to an end.

Piedmont dfs is to pull in extra tonnage before signing off final mining permit. Scale , like Cinovec WILL increase by multiples of 10% +++ resources. For both.

Just a heads up from the other way , the US.
It is my understanding the Piedmont DFS was due to start in June/July after last drill results in April/ May.
However this has now changed due to "extraordinary" supply requests now Biden can support the EV lithium supplies chain throughout the US.
The current DFS , as I understand, is to take in to account other small mines ( there are over 30 hand dug 1930-1960's ) that have good data in some cases and proven ....grab/ pick and shovel grades in hand and sold.

Relating this to a particular comment by Fingerscrossed today regarding " the phone has been ringing HOT" all week since VW day, the same seems to apply here.

I guess it is the very same MAJORS putting prrssure on now PLUS China now having to search for lithium on the markets to forefil their own supply chains due to the carp grades the have of lithium in China.

Like the US within a year 2022, the battles will be on for any mine that can come to market ASAP. Those who can will make the first killing and probably have enough cash income after 2-3 year mine pay off , to extend Cinovec or TSB Piedmont 65km seam with 2000 year estimate of 750 million tonnes of LCE in ground estimates.

Cinovec imho and by previous workings out has 10-12 million tonnes from the Main Cinovec deposit.
500,000-650,000 tonnes of Tin.

Oh and ANOTHER Block with grades high enough to warrent extraction estimated by me to be approx 2-3 million more tonnes of LCE and 50,000-100,000 more tonnes of Tin.

All my estimates from historic Russian drilling and a couple of people who helped along the way.

My own thought and not investment advice HUGE BUY !
Even if the Russians get hold of it, it will still have a profitable price and based on the tonnage of BOTH Lithium & Tin a World resource size deposit / s....

Current example of the PRESSURE already beginning to build up on current suppliers. Now paying up front for supply over in China. They can't get enough and as Fingerscrossed has said for years " there ain't gonna be enough lithium".

"They obviously like the product they are being supplied, my guess is that CATL have adjusted their forecasts for demand and can see that the need lock in additional supply from Pilbara. - With those numbers in the article for lithium chemicals production from that company it's a huge amount of potential demand from Pilbara for that one customer.

I am not sure of the details of the pricing they would be receiving but with current reported pricing around $480 per tonne that's a 10% prepayment"

EXPECT A DEAL V SOON !

Europe?
Biggest producer there is VW?
According to the news yesterday Volkswagen is looking for CATL batteries.[see here]

And CATL is looking at Yibin Tianyi taking up to 115,000 tpa of PLS spodumene to convert so as to make those batteries.

CATL's Yibin just paid up front $15m for 40,000 lce. They are short of lithium.

Greenmachine. Imho Musk will buy PLL out. Still 100% owned and only offtake with first choice on upping to 30,000-50,000tpa of Li2OH.

Posted from Hot Copper , Lithium miners site.
"VW Group CEO Herbert Diess

SEOUL -- Volkswagen plans to gradually switch the type of battery used in its electric vehicles, three sources with knowledge of the matter said on Monday, moving away from the technology supplied under current deals with South Korea's LG Energy Solution and SK Innovation.

VW plans to use the prismatic type of battery in its electric cars, increasingly turning to supplies from China's Contemporary Amperex Technology Co., South Korea's Money Today online news site reported earlier on Monday, citing unnamed South Korean battery industry sources.

CATL also supplies prismatic cells to Tesla Inc. LG Energy Solution, a unit of LG Chem, and SK have been manufacturing pouch-type batteries for Volkswagen, while CATL and Samsung SDI have supplied it with prismatic ones.
Last edited by sabine: Tuesday, 11:53"

Czech Lithium Battery.
https://www.skoda.co.uk/news/details/skoda-auto-produces-100000th-battery-for-plug-in-hybrid-models

Not cheap US$83.00 per share ! US$25.00 was better. Whoop.
US$400.00+ per share on first supply.

EMH is a quid, people should be piling in.

Piedmont rippin' it up again this week on no news apart from DFS.

Come on KC catch on mate ? Or at least tell CEZ they could jump on investors who want to buy lithium NOW !

Get this Czech listing over the line and let her rip !!!

"Video: Elon Musk and VW chief Herbert Dies were driving together in a Volkswagen ID.3 electric car
Elon Musk and VW chief Herbert Dies were driving together in a Volkswagen ID.3 electric car. | Video: Linkedin / Herbert Diess"

In the flogic link tonight at 23.29 at the bottom of the article is this headline ?

..... Hope those who want in are getting sorted as VW / TESLA could well be the deal for EMH / EMN.