RE:RE:RE:RE:RE:Now we know what a mini pilot plant meansSorry Mr. Brown but I can’t disagree with you more. This is ALL about the patent and intellectual property. Patents aren’t worth the paper they are written on? Really? Then you link an article that starts off with Apple having to pay hundreds of millions of dollars to a little tech firm whose patents were infringed. AMY was FIRST to file and had a year to perfect the process before submitting their final draft. Why do you think Dr. Shailesh Upreti was brought on as an advisory board member? To leave holes in the technology patent so others could easily “tweak” it? Give me a break. Upreti, Larry and Norman took the full year to make sure this was ironclad. Read up on Upreti.
I’m not worried about Neometals in the slightest. AMY has challenged others to come out and “show us what you’ve got” and no one can demonstrate the process AMY has or come close to the recovery rates that AMY has proven. And just to refresh everyone’s memory, it’s 100% recovery on lithium, cobalt, nickel, and manganese! The way I see it, Neometals is demonstrating AMY’s proof of concept, if they are indeed using AMY’s patent pending process. Let them spend 6mil on a plant, AMY will spend their money wisely proving their mobile plant for a fraction of the cost. Once AMY’s patent is granted they will give Neometals two options: pay a licensing fee to continue operations or you will be hearing from our lawyers.
Global electric vehicle sales are currently less that 2%, with year over year growth over 60% and expected to grow exponentially as all the major car manufacturers scramble to catch up to Tesla and worldwide demand. We have countries (China, France, etc) setting not too distant targets to outright ban fossil fuel-powered vehicles. There will be an abundance of batteries that will require recycling. But the big problem is these batteries are anticipated to last 8+ years before being replaced. So stockpiling batteries isn’t the game plan right now. It’s in scrap. Battery manufacturers have a 10% failure rate on new batteries that don’t pass inspection and therefore are considered scrap. Last year alone there was around 4,000 tonnes of scrap cobalt. Just cobalt. The current spot price of cobalt is ~$77,000/tonne. Let that sink in. That’s just the scraps and battery manufacturers will only grow exponentially keeping up with demand.
AMY’s stock price will move with any partnerships announced, but when they prove their technology is scalable, and when the patent is granted companies will have to pay a huge premium to partner with us. I see someone partnering with us soon. This is a long-term investment, but a very lucrative one at that. Patience is needed.