RE:Rock Tech LithiumHi tinker,
Those are very good questions!
I read RCK's presentation a while back. My expression with RCK is that you can hype as much as you like, you can build as many converters as you like, sit there empty. This is not converting issue, but it is raw material issue. NO spondumene, then NO converter. It is not like Musk said that converting like "print money". If NO spodument, then you cannot "print money".
If you are not vertically integrated, you need to purchase high priced spondumene, your profit magin will not be very high, so it is not "print money".
tiger
tinker901 wrote: They now have a "Framework Agreement" (what ever that means) with a mystery german automaker.
Latest news is that they are putting 475 million euros towards the build of a lithium converter for hydroxyde and the build is to start this fall. They have just recently applied for permits (environment and build)
They also have a MOU with the Romanian GVT and are talking about a second plant in Germany already and then three more (5 in total)
Their main concern at the moment is how to power that plant. Germany is struggling to find natural gas for the upcoming heating season now that Russia has closed the valve.
I am curious about two things :
Where are they going to get their feedstock ? (spodumene)
Where are they getting the 475 million euros ?
Looking at our situation and all other juniors worldwide, it seems that Rock Tech have some kind of "magical powers"