Just finished the first two hours of 121 Mining‘s new Youtube videos and am more excited about the current delays.
1. Everyone is talking ‘decades’.
- decades of product requirement increases from a very low consumption base.
- decades before any new technology could compete with LFP. Forget Hydrogen (see 3.)
- decades of low competition due to current need for more and more resource invites more contenders.
- decades of everyone selling everything they have - there is no spare product available.
2. Bypass China in the future eg: USA Nth Carolina.
3. Lithium will not be redundant even if new technologies are discovered.
- It is "the only" solution for
mass transport.
4. Only buy ‘hard rock spodumene’ as brine is not even close at present. USA thinks they can use geothermal brine in 10-15 years.
5. Starting to talk about Africa, even a few mentions (both positive and negative) on the DRC..
6. RIO needs Lithium as their current opportunities decay.
7. Only the Republicans can get the job done in the USA - watch the Senate elections.
8. ‘cost to produce’ versus revenue right now to value stocks, but, valuations past 5 years are still impossible.
9. The Middle East is slowly waking up to non-oil sources of revenue.
10. OEMs’ need to go direct to secure product. eg Ford to LTR.
11. The ASX has something like 900 Junior miners - only 5 will ever make it to production... How many are as advanced as AVZ?
I’m happy to sit on the sideline and let this play out - it takes years to be an overnight success.
TC.
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