RE: Not Gunna Be Enough Lithium18 Jun 2019 08:54
Shard Capital report.
A very honest report on what was released yesterday.
As a point of balance I feel honesty is required. I am often accussed of ramping so inlight of this a couple of points that in 2017 were pointed out from up high but seem to have changed since :-
1 - 2023/2024 going to production/full production. Newer tech is going to and is coming through, however as the report says there will always be a need for Lithium which Cinovec has 10-12MT LCE & 400,000-500,000kt Tin.
2 - First year grades and deposit minning. It makes it clear from the geology and the initial year of extraction that the surface level of the mine will be mined, no surprise some will say, but it indicates also that thr current infrastructure if the slightly deeper mine that has already been worked and tunneled will not be touched? This is where the REE's are to be found imho
3 - No REE cash unless Tungsten is now an REE ? A particular customer for a very specific REE ? Hmmm...? Some will know what I am talking about.
4 - My biggest dispute is in 2017 99.9% was being pushed and hard from above. Now it is a factual 95%...? Hmmm. What happened to the 99.9% being achieved ? I and several others were TOLD this !
5 - What about the 91% going forward and fund raising for that and the deeper parts after the 6 years ?
6 - The whole deposit crosses the German border and tunnels / water flow between. No indications of how this may well work goung forward?
So for those who say I ramp, this should help square a few posts off and are legit remarks, questions and missinformation/ change of information from 2017.
Still THE BIGGEST lithium mine in the EU @@
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