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With what we had to deal with over the past four years Ante, yes I am more than cautious. I said repeatedly that the project has been derisked to quite an extent, that we will be the first to produce in Europe, although not the only ones, there will be a few to follow and to supply lithium, and prediction is fine as long as is based on realistic grounds and not wishful thinking. I do predict too but I always close with DYOR and this is not financial advice. I never saw something similar here and some absurd numbers have been mentioned, completely unrealistic, but portrayed as a certainty. I am invested here since 2016 and I want to see this one come to fruition and I rather be surprised than disappointed. I said also that some things have changed since the PFS such as the tin and the lithium price which are in our favour. There is a good possibility if these prices stabilise at these levels and the offtake is signed close the these, together with an increase in production in the DFS, that the share price will triple or quadruple from the current level. Has anyone did any calculations on how much ground has to be extracted from the tunnels in order to produce one tone of lithium hydroxide? I would like to hear the numbers and then see if an increase to 50.000 tones is such an easy task as suggested. There are some logistics that I would like to see in regards to that. I would like to see the environmental study approved too. Then we can talk again about the absurd numbers that have been mentioned here in the past.
Cheers
I have no problem if there is a footnote saying that these are pure speculative numbers and have nothing to do with reality. But to try to pass these numbers as a defacto and try to influence decisions is totally wrong.
I believe is unfair for new investors or whoever comes in here reading about EMH and getting a wrong impression by reading some absurd numbers such as 150.000 tones on three shifts and making Erin's investment decisions. Some people are not doing their own research. From what I read before, one was about to sell his EMH shares thinking that the posts referring to EMN were referring to EMH. Go figure. We should stick to the numbers on the PFS and whatever numbers will be on the DFS, as well as professional evaluation of the company. Anything else is wishful thinking and pure speculation.
Tesla and BHP PFS's or DFS's weren't based on vision but on real numbers. Vision is one thing, it may or it may not be realised, but real numbers are the ones that will bring the funding or not.
Have a look at WHA Fingersxd. They had such a great "vision" a few years ago, now they aren't trading for the past two years and probably will go into administration. Remember Atrium? I bet they had a great vision, only that they went into administration. I can mention a few hundred more with great "vision" that they aren't around anymore. At some point you have to distinguish between vision and reality. Stick to the numbers in the PFS and let anything better than that to surprise us.
I wouldn't say that without wishful thinking is pointless to hold EMH shares because the numbers in the PFS and the possible ones in the DFS assuming that the lithium and tin prices stay where they are and that a possible scale up of the project to let's say 50.000 tones over the course of operations, still gives a possibility of tripling or quadrupling your investment from the current levels. Is that not good enough for you?
You are speculating Arnaud because none of these numbers that you imply have been mentioned in the PFS. The only real numbers are these in the PFS and the ones that will be in the DFS. Anything else is wishful thinking.
Correct, although some parameters have changed, such as lithium and tin prices are a lot higher than the ones included in the PFS. Also there is the possibility of scaling up the project and the output, not dramatically as some loonies here imply, like 150.000 tones on three shifts, but maybe double around 50.000 tones, not initially but over the course of operations. So you could probably triple or quadruple from these levels. If no scaling up occurs then doubling is your best bet. Cheers
Personally I can't think that CEZ will source out their lithium anywhere else but Cinovec. So firstly we should estimate how much lithium CEZ needs for its projects and if there is any leftovers we may sign with anyone else.
I bought EMN just three days ago at 0.61 Together with EMH these two are a great investment. Both in the Czech republic, both in the middle of Europe, both huge potential, both undervalued, both about to strike a deal, lithium and manganese, perfect combination, what else can someone ask from an investment? DYOR.
EMN is a good buy for a long term hold. Actually I bought a few today. Good to have in the portfolio together with EMH, and the price is still low as well as the MC with a very hugh upside potential and only 192 mil shares on issue.
This bot story is ridiculous. Yes blame it on the bot and not on the lack of substantial news. Everybody here forgets that we did rise based on no news from the company but because of a YouTube video, so we are dropping as expected on no news from the company. And actually yesterday the bot was buying and it was the.ibe that helped the sp recover. So how about you drop that bit story Fingersxd and tell KC to pull his finger from his behind and instead worrying only about his performance shares to care also about the shareholders a bit.
Some people here still don't realize how far we are from extracting our first lithium. 2023 is the good scenario. My guess is mid 2024-2025. But hey what do I know, I am not a prophet, just looking at other projects and how long did it take to start mining anything, that being gold, copper, tin, etc.