Post by
red on May 19, 2021 8:56am
What lurks in ...
The weeds of this ev and battery thing going on. Biden is test driving Electric F150s....pumping EV opportunities for the USA ....so goes with batteries and mass storage systems ( of all kinds ), plans massive investments, some 100 billion also in credits to consumers....its seemingly endless the efforts put into the future opportunities of electrification.
the transformation coming and required is beyond imagination, complicated but inevitable. Known primary Cobalt sources in NA are rare and few if any that are even close to development. We are in a special club not only as a mine but as a potential producer ...you would not think this is a hard sell, and probably isn't for those that have the ability to look ....however some no doubt, would like us for pennies.
the big boys are looking, I see Rio Tinto ( partners in Diavik) just put some 25 million into a project in the Yukon the other day. Just imagine our opportunity ( the thought of a major getting involved) if that was dropped on our doorstep ....there is no question in my mind they all know we are out there and will have the details protected by these NDAs none the less the writing is on the wall for CMs and cobalts, Safe and secure jurisdiction, hard to imagine we could be over looked, we are ripe for the picking ....get processing sorted, fill the tank, and drive this puppy around the block let's see what happens.
we have a couple of good choices ....a partner with facilities (makes this happen much quicker) or we have a separate go alone partner and facility ...but both good possibilities ...one much better and quicker than the other. I doubt with all things considered, this deposit will be left out of development. I have High hopes and expectation that FT mgt can make this happen, too much going on in the world of battery metals especially in NA with Biden's plans unfolding...can't happen fast enough for all of us at FT.....let's roll.
Comment by
geolith on May 19, 2021 9:15am
A $25 million investment in FT would give them half of the company, assuming 1 share 1 warrant. Doesn't seem right to me.
Comment by
red on May 19, 2021 9:54am
I was only suggesting the idea of a RIo Tinto type in the picture .... and agree 25 mil on those terms does not cut it