RE:RE:RE:RE:RE:TTX CATL ICCclarification: out of 400 Mt, less than 100 M is measured, the rest is inferred or indicated.
Regarding the Chineese strategy, they can manipulate equity pricing until some point. They have skin in the game but don't control the company yet. They are number 1 in EV battery production. If they want to stay number 1, they'll need to secure the raw material supply chain.
If AVZ don't find support with their Chineese partners, they'll find other source of financing. at current price and even projected pricing of spodument concentrate this is worth billions. No way they'll let other players come in and take equity money for allocation on future productions...that would be stupid from them.
Lithium price are low, market is low...those are the time to buy (not TTX necessarely but undervalued Lithium minors, Jr are always a risk, even more jr like TTX).
This being said, TTX has pits with about 15 MT of spodumen concentrates (6%) already drilled out! if they can sell at 600$ a ton with a cost of 300$ a ton (comparable to AVZ OPEX cost), it ive 300$ of gross margin per ton. This gives around 4.5 Billions of gross margin. They could start delivering in less than 24 months (maybe 18 months) if they secure 100-200 millions.
Will this happen? I surely don'T know. but having those assets, and some cash will help continue drilling and fo a feasability study to start looking for money to invest. And possibily with a management team offering more visibility than TTX did as of Feb 21st