Member Info for MajorOak

Happy , he will not buy the mine, he will want full and total lithium supply ! He will certainly not want a factory in Poland , Hungary or Czech getting any advantage over hus Tesla sales.
The China deal involved an indep china low grade Li mine and most importantly the Hydroxide plant to get his Li2OH.
US$650,000,000 - 800,000,000m in cost. Would you want to share it in China with say BYD ? No chance.
It could be different in the US with the 30% offtake with 100% owned Piedmont. My obsevations on why this is different is with Piedmont doing that investment deal with Sayona Mining for Rock Spodumene. Imho has will buy out Piedmont as Tesla have bought land in N Carolina , Raleigh. They have been openly advertising for a Lithium Battery Factory manager and next in line , line managers. So Tesla have the land are taking on staff for a full on battery plant. The Sayona part comes with the knowledge that Tesla have a huge factory in Buffalo, near to Sayona and I think both the buy in to Sayona Mining for 60,000-150,000 tonnes of LCE for Piedmont per year defeats the object? Piedmont itself can probably produce in excess of 60,000-80,000 tpy LCE once the open ended seams have been drilled in this 60km Tin-Spodumene-Belt TSB. The belt in total is estimated ( 2000 year of report ) to hold 750 million tonnes of LCE, so if we all know what would Mr Musk be thinking .... Nargh I think I will pass on that ! ? Not a chance and it is US secure and the only true source of rock spodumene that is outcropping and viable to open cast mine. Albamerle and Livent processing plants within 6km & 17km ready to start up. Mr Musk will buy Piedmont and Sayona assets out imho. Save US$375M on building 1 processing plant and just ship it to Albamerle and Livent to process for royalties over 25 years. That is the sensible option and no brainer !
EMH Cinovec is a world class mine, but the EU wouldn't want Tesla getting all Europes supply, but he 100% will need a deal with EMH.

Great great times for big single lithium companies and great that China is threatening the US and Tesla in the US and EU. Tensions will grow along with expectation and share price value.

Good luck everyone.

Question on 3rd possible 8 hour shift - overnight I assume due to the village.

Has there been any plan put forward to open up as same sized cavern as to used by the underground crusher , but that can store mined ore underground overnight and then on the AM shift be transited to surface as AM shift starts ?

There's another tonnage added on.

Current rates of drill is approx 1 drill taking approx 10 days.
Drill 13 of 19 started late Jan so late March - April to finish drilling and the lag for results is approx 2 months.
THEN DFS AUG - SEPT due to the long holidays they take in the Czech Rep.
So my guess is Czech listing within 2 months.
Final drills completed = sp will then be allowed off the chain as Czech investors will be in.
Off take agreements signed as we already know what a great mine it is and the geology never changes.
Final Resource update with all drill data.
DFS Autumn.

Good time to be buying in before the Czech investors too.

EMH Lithium Hydroxide production. A current guide.
Tesla signed offtake agreement in China last week.
12,000-15,000 tonnes per annum of Lithium Hydroxide.
Contract was approx US$650,000,000M - 850,000,000M for the total 5 years.
So the CAPEX for Cinovec is and I am being pesimistic on purpose but lets say something unusual happens and CAPEX actually comes in at US$600-700M.
The Tesla current deal suggests that EMH producing Li2OH of 25,000tpa would bring in 5 year contracts valued at 'current' value around US$1.2-1.6 BILLION for offtakes.
Say 2 main offtakes are signed for 12,500 each for 5 years.
I hope Keith can extract US$300Mx2 upfront payment from each and bosh, CAPEX is paid for up front and those 2 companies secure early advantage and secure supply.

IF Cinovec goes to 3 shifts...$$$. All of this could straight away take out a lot of investors worries about funding.

EMH Lithium mine will have shifts. Due to the Cinovec village being so close it has always been a softly softly approach of one shift. I suspect that after 18 months construction on Europes largest lithium mine and the benefits of having workers lodging or spending money in the village will hopefully add to the benefits to be had for Cinovec residents?
Back to the point though.
Is that 50,000 tonnes per shift per year based on one shift ?
If Cinovec goes to 2 shifts 100,000 tonnes per shift makes a hell of a lot of difference.
With technology ever improving and the PFS being completed back in 2017 ? could there be some tweaks to improve processing ?
Fingerscrossed two weeks ago you asked me what I thought was capable for yearly production.
I said I know they are stating 50,000tpa.
I want 100,000tpa and that is my expectation.
I dream of such high demand and real time shortage of Li2OH that 150,000 tpa can be achieved, its going some but can be done.

EXCELLENT point.

I see howard klien in the US is very bullish on both US lithium supply and now picking up on the Cinovec size and scale.

To UK investors BorgWarner sounds like a van hire company in Austria. BorgWarner are in the top 10 US EV long haul and mid haulage transportation business. Their semi trucks and vans using Romeo Power technology for ling haul electric transport and now AKASOL mainly in the EU Germany but also in the US are BIG. This is a BIG DEAL mark my words the US will get a kick in the backside to hear BorgWarner have paid so much for basically a European centered company ! This will make waves.
Anyone heard of Nikola Corp, Amazon...Freightliner Lorries...the image of the US is of huge convoys of old petrol diesel lorries, well EV and hydrogen are now the big thing.

Mr Musk will note this event !

AKASOL will continue $1 billion in annual revenue by 2030.

This IS BIG news for EU lithium demand. The game just got taken to a different level ! US money now behind the Germany and US AKASOL Li battery maker. Bidens BILLIONS are working well in the US (. My investments are cruising ) now with Cinovec in sight expect deals to quickly ramp up through the year !

US$140 Billion market.
The global electric vehicle and hybrid lithium-ion battery systems market for all vehicles is projected to be worth an estimated $140 billion by 2030, according to IHS Markit.

This is pretty big news. I hold BorgWarner and Romeo Power who have some MAJOR US and EU clients.
US company who will be very interested in both specific lithium projects as a target. Cinovec and Piedmont.
Trust me this is a big deal with a US company in Europe. Friends with benefits. Mr Musk will look up at this as it will be seen as another threat to lithium supply. The lithium gold rush has started...
https://www.freightwaves.com/news/borgwarner-buying-european-battery-maker-akasol

I'd say just forget about the cement point. With the land blocks they could probably make money out of forestry as much as fluorspa tbh.

Very much a minor minor point. Valid point but you ain't gonna get rich from that much fluorspa.

EMH is lithium and tin with a bit more potash revenue thrown on top to help the seeds if life grow to the strong Oak tree which is Cinovec.

Add graphene , even high grade graphite and you reduce cement volumes needed for strength. So within 5 years that plant will be using 70% less aggregates inc fluorspa.
You only will need 30% of the volume to 3D print a bridge or building. 3D print ? Yep, the drying time will be much quicker and because of the 70% reduction in lumpy rock aggregate which made no difference to 'oldstyle' thick concrete, the new fine grain sprayable , printable form will set so much quicker using less energy to generate , mix, less lorries for aggregates etc etc ...

I'd stay focused on the Lithium and Tin to be honest. That is the big bucks or King and Ace at the table in Vegas. I'm not going to say it but we all know the saying.

Sorry forgot to say some if the new data coming out if Portugal and Spanish border regions is looking ever better for large production, but a way behind EMH Cinovec.

Antelope, I suspect access to ports that Portugal and Spain have and already have large shipping routes, would in time be the main route of lithium in to the UK probably picking up the Cornish brines and rock lithium along with Tin, Copper and them good old Fluorspa( part of the very same Cinovec lithium structure that extends under mainland Europe rising in the seas and up in to the Southern tip of Cornwall. A lot out in the English sea off Cornwall and Devon, my estimates based on cross ref'd strata and estimated seam types being very similar are up to 100+million tonnes at sea. ). It could very easily become the place to take the North Sea oil and gas rigs and set them drilling - with specific technical changes obviously - but yep the "new north sea" within 10 -15 years.

US media beginning to pump the occasional article in the last 2 weeks ? News coming ?

A serious comment on Tin. This is extremely important to Cinovec and the Czech Rep. Not just because of the asset, but because of the history of Tin mining which is like coal to the uk subconcious. We should not overlook just how many benefits opening Tin supplies up again and how many friendly doors this will open for EMH.

It is a fantastic resource. Cement , well once graphene becomes the everyday aditive to cement they will need so much less to make more strength, less volumes of the main constituants to create a better , stronger and more environmentally friendly product. Not sure fluorspa will make much difference in 5 years?

Tin tin tin and lithium hydroxide. Thats where the big money will be made and maybe a few dollars from potash.

TIN TIN , maybe SAFT will buy 50% off take they are Belgian/French just like TIN TIN.

One for us oldies.

Its no secret doh. Fluorspa , its been know for a few years tbh.

Next ....

Just get the lithium and tin out asap and stop 'iking about should if been open by now 2021 and mining if it wasn't for the politics. However, now sorted take a leaf out of Mr Musks book and just do it , yawn.

Hopefully Tesla/Panasonic, LG take 50% off take each. LG is doubling in size so probably could take it all anyway.

7.5mt LCE officially. 10 million tonnes ++ LCE in Cinovec.

DYOR from the historical drilling data already in the public domain.

Only one way this is going , but it is painfully slow.

As LG and SK Innivations have factories which emh would like to supply / they would actually need our lithium, if you read the US media and Gov reply , SK Innivations have 60 days to recompence LG for the breach, so hopefully this will happen. If the EU wants the $ from the US for NATO and general re-building of US - EU relations really your point regarding SK Innovations losing is actually bad for Europe. Better to make sure SK Innovations is transparent and clean. If Czech Rep or EU go big against the US first ruling , it could look like a competitive aggresive decision?
Anyway, SK Innovation will pay up as they have put millions in to 2 Gigafactories around the spodumene supply chain for battery manufacture in the US.
Still Ford seem to be delighted so may come in quick to take offtakes if SKI look weak.

Zinnwald is north of Cinivec main dome and slopes diwn in to Germany. The depsoit flows down deeper in to Zinnwald, so a deeper project with reducing grades of Li , EMH Cinovec has the higher grades and the bulk of the easy to mine lithium. Happy to keep EMH in Czech hands and just do the deals to stop the flooding of the mine from the German side. With 10+m tonnes of LCE there is easily enough for us and to a degree ( °gradient) literally is it worth taking their dregs. How many owners in the last 15-20 years have held Zinnwald licences ? How comebwith such a great assets ? No, I think stay firm, uncomplicated and just push on with mining what we have asap.

If a deal is on offer, Zinnwald can be accessed from the Czech side anyway. No problem. Crack on.

200MW Hydrogen Electrolyser supplied by NEL to Everfuel and more information.
https://www.h2-view.com/wp-content/files/8487/Western-europe-denmark-map-scaled.jpg