George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Good to see there is M&A activity in the mining sector. Could lead to a rush of activity in the sector.
That Edison value of $4.3bn is c.£5 a share.
That is what the project was worth in 2011. It should/could be argued that it’s worth more with the DRI capabilities of the mine.
Saying that I’ll be happy with a fiver 🫣
Thanks for sharing MM, he’s certainly left a trail of breadcrumbs to follow.
Great post MM. Suggests an imminent conclusion to the EPC.
April could get very interesting!!
Compelling coverage spelling out the future of iron ore, yet not many PI’s can see the value of Zanaga.
Crazily misunderstood and significantly undervalued.
That’s about to change in the coming days, weeks and months ahead.
All good stuff chaps. I think there will be lots of conjecture till we know for certain what the plan is.
What we do know is that a growing number of companies/ countries are looking to replace their lower grade supply to a higher grade product. This falls perfectly into the Zanaga project timelines.
It’s going to be an interesting few weeks and months ahead that’s for sure.
Thanks MM, great insight to the current situation.
I presume this would take Saudi and the wider Middle East out of the picture for now? Maybe why we’ve not had any port confirmation?