Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I agree Ivy. Argentina looks like becoming a basket case. The banks will use the imf loan to get as much money out the country as they can and then pull the plug, leaving the people shafted like they did last time around. Things could get very messy. Zulu might benefit from a positive turn of political leadership unlike Argentina where we can expect populist gesture politics to become the name of the game.
Political factors are an important consideration as we have seen with emh.
They will be made from the geopolymer I’ve been banging on about. The reference to the pyramids is this no doubt.
https://youtu.be/DqQw30tI77M
https://www.mynobe.com/ Retro electric car from Estonia.
A bit more positive and pro-active then.
https://global.handelsblatt.com/companies/miners-scour-german-mountains-for-lithium-910464
Apparently drinking too much can take up to 4yrs off your life. Luckily it�s the 4yrs that you spend gaga, and incontinent in bed wishing you had lived life to the full. So it�s not a hard decision to make as far as I can see. Happy birthday! And get blitzed.
My shares are all listed in Canadian dollars in my account now even though I bought them in London? I too thought that no action was necessary to get them transferred through to the new entity in London. Have I overlooked something?
Here is what he says to downplay it. As Myst says I think it�s purely political. �According to the experts I spoke to, lithium will not be mined in the next decades. First, the ore, the mica in which the lithium is found in C�novci, is very low in metal, in the mica it is only around 6%. To benefit 1.8 million tons, that would be a huge amount of waste that would not be the place to store. Secondly, the treatment technology is not yet known. The chemical treatment with sulfuric acid, which is the process by which uranium was mined in Ralsko, is currently completely unacceptable. Other methods to obtain lithium from low-melting mica are currently being studied only in laboratory conditions. No pilot tests have yet been carried out. Testing and introducing a new method could therefore last at least 15-20 years. The question is, will anyone want to consider whether it would be better to extract lithium elsewhere where the richer ore is, for example, in Serbia. The mining industry is interested in the renowned multinational company Rio Tinto, which concluded a memorandum with the Serbian government.� We know that the tin credits are what make it economical to mine. Has the processing method been finalised? Presumably not sulfuric acid. Was it the flotation method in the end or did we go with something else?
Jim2 posted this: �March 6, 2018 HE3DA has become a member of the newly established European Battery Alliance. The aim of the alliance is to create the ideal conditions ADVERTISEMENT for the emergence of battery manufacturing facilities and to become a competitive continent in the production of batteries to Asia and North America And the Alliances aims are very clear: EU Battery Alliance launches Airbus-style consortium to make Europe a force in batteries Major automotive, chemicals, raw materials, engineering and energy companies are joining forces to overcome the EU�s competitive disadvantage in next-generation battery technologies and build a European battery manufacturing base. The realisation that batteries are of such strategic importance has come as a wake-up call, with Europe finding itself lagging in commercialising research in the field, and for now, completely dependent on manufacturers outside the EU for battery supplies.� With a Czech company involved in a European push like this it has to be positive news for emh.
At last a competent journalist with a firm grasp of the issues has pointed out the entirely contradictory nature of the government�s position: �Minister of Industry and Trade Tom� H�ner sent an Australian company, European Metals Holdings, a memorandum of lithium mining at C�novka. He stated that the memorandum's notice had the form of a declaration of invalidity. Such a move is an extremely embarrassing conclusion to the leftist election campaign, which made a major topic of the Memorandum of Understanding (which the Czech Republic concluded with the aforementioned Australian Society in October 2017). Legally unforgivable will If we study the text of the memorandum of understanding that is often discussed, we find that it is a standard document of this type. That is, expressing the will to act together in the future. It is used in cases where the parties do not want to make legal commitments and do not want to conclude a legally enforceable agreement. RELATED ARTICLES Clearly, how much does the state get for coal, uranium, gold and lithium This is a more formal form of the so-called gentlemen's agreement, an informal and non-binding agreement between the parties that does not even have to be expressed in words. It can only be a common understanding resulting from conventions or labels. Its non-binding nature differs from the contract in the legal sense. The fact that Memoranda of Understanding are not legally binding results also from their texts, which do not contain any enforceable obligations of the parties. And so is the case with the Lithuanian Memorandum of Understanding on the Cindans. The Czech Republic and the Australian Society consistently state that they will support the exploration of new lithium ores and promote their mining and processing, promote the production of finished products, promote cooperation, They also declare that they want to discuss and explore future cooperation on lithium mining. Nothing more is contained in the memorandum, as it can easily be verified . What would Madoff not steal The current Prime Minister Andrej Babi�, before the elections in the autumn of 2017, called this memorandum "theft of the CSSD on a White Day" and in this spirit led the pre-election campaign. Together with some Communist MPs, he claimed that the Czech Republic is subject to international arbitration. For these reasons, he requested the revocation of the memorandum, which he also declared invalid. At the end of January 2018, however, Andrei Babi� came up with a modified claim that the memorandum was meaningless and invalid, with no possible litigation or arbitrage on the part of Australian society. At the same time, however, the government had the duty of minister H�ner to negotiate the legal non-binding nature of the document. All the above contradictory and often senseless statements prove that the lithium memorandum case was
But that's old news is it not? December last year.
It�s not that emh wouldn�t loose out if it goes to arbitration it�s just that the Czechs will too. It�s a loose/loose scenario. The MOU was a win/win scenario that has been poggered by political machinations. As I see it the two extremes are now delineated and now we�ll see discussions that will result in a compromise of some sort.
Are that the Czech government think they can unilaterally cancel the MOU. They can�t. Emh are unlikely to agree to cancel it because although non-binding it does make reference to the Czech/Australian trade agreement and this carries a lot of weight. As I understand it international treaties are not legally binding, but they are in terms of credibility. So as I see it Babis is trying to play hardball but we are refusing to even play the game. We are essentially ignoring it all and carrying on regardless, due to our legal rights under Czech law. So the importance of the MOU for us is that, our unwillingness to cancel it, signals our refusal to become a political football. It also signals our intent to take this to arbitration should the Czechs start breaking their own laws and trying to nationalise the deposit, or refusing to grant further licences etc. That�s my take on it for what it�s worth.
Are you saying that you�ve spoken to him since the release of this latest confusing report?
It�s true that bit mining uses crazy amounts of electricity. But is this the question to be asked? Surely the question is whether bit coin, and the Blockchain are here to stay or just a fad. Since crypto currencies and Blockchain are not the same thing we need to ask the question about each of them separately even though they are related. Crypto currencies, at present, are treated by government taxation policies primarily as an asset class rather than a currency. As an asset class they are clearly in a bubble and we all know what happens in bubbles. However even considered as a bubble they do have certain things going for them. In the dot com bubble institutions were the early movers and beneficiaries and it was the private investor that got in later that got burned. Crypto�s are too risky for the boardroom so as a bubble it is more slanted in favour of the little guy. Also although the dot com bubble burst it wasn�t all an illusion since we only have to consider what the internet has gone on to become. It was bleeding edge rather than an outright scam. But we have to ask whether the current attitude toward Crypto�s as an asset class will perhaps change at some point into treating them as a currency. The consequences for banking would be revolutionary and could undermine their position considerably. So it could be worth the electricity used if it is transformational in this way. The Blockchain is not a currency or an asset class but a technology. As such, it is in my view, here to stay. I think that it will be transformational, one way or the other. Electrical usage is not an argument against it. Whether or not MSG is a company best placed to seize the day in this respect is questionable given the points made by Daveavt. Either way it is far more like a straight gamble than an investment as with all things Blockchain And crypto.
The point is that BCN is scalable in a way that emh is not. There is no bottleneck to production in an open cast mine as there is in an underground one. Because of this much of the potential tonnages of lithium in EMH will most likely never be mined because after 25 yrs or so the technology will most likely have moved on. BCN by contrast can get as much out the ground as it can throw production facilities at it. If the demand is there it can scale up to as many production plants as it needs to take full advantage of the market window. The in ground value of the BCN resource is all potential product. For EMH the in ground value of the resource is limited to how much can be got to the surface while there is a market for it. There are a few tweaks that can be made like additional conveyors and tunnels etc but it�s not as simple as building a new track and opening up another pit. The logistics are just not comparable. EMH is still a cracking investment opportunity however, provide the Czech government can get its act together.