The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Hard to believe that Elon Musk will not be one of the interested parties. The world's richest man owning the world's biggest selling electric car, needing just the materials we can supply. PGMs are now such a strategic resource, being sucked up by the Chinese, America can't afford to lose this opportunity to claim such a significant stake.
Musk probably wouldn't want to diversify into mining so a joint venture could be likely, ruling out the Chinese in all probability. The Chinese on the other hand would be reluctant to let the Americans have a free run, so it's understandable if the bargaining going on is taking some time. The long wait for news is in my view, not a bad thing for us, as this involves super power competition for whom winning is more significant than cash.