OTCQX:ERPNF - Post by User
Comment by
metalhead666on Jun 12, 2021 10:12am
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Post# 33377561
RE:New position
RE:New positionSmart move. It's great that this board is quiet. Means we're in well ahead of the crowd. Our CEO have been a busy guy...he's given multiple interviews lately and in my conversations with him I'm certain we're very close to some deal being made. The project is moving forward nicely...Environmental Impact Statement is in, our "green" certification is underway, last of the drilling looks good, the metalugy studies were better than expected AND....there's a real possibility of the Czechs building a battery plant 63 km away from our project. Who do you think will get that deal?
There are ONLY 2 viable projects in all of Europe that can supply the European markets....European Metals and Vulcan Energy Resources. Both are committed to being green and large and really are the only game in town. Come 2025 89% of the lithium used in Europe must come from Europe....these 2 names are the only ones able to provide lithium in any scale at all. I cannot see how they both aren't big winners
Now we still have to wait for the feasibility study due out at year end or early next year. That will be a big driver. The Tin credits are often overlooked but Tin is at all time highs and we have a lot of it. Then financing engineering etc as we move into construction. The real payoff comes around 2025 when the lithium deficits really get big and we are online supplying that need.
In the short term offtake deals are coming and if the market reaction is anything like it was when Piedmont announced their deal with Tesla we could have a 10x bagger sooner rather than later. Nonetheless...if you hold and add to your holdings you're going to make a lot of money in the next few years.