RE:More Bad NewsBad News? depends on how you view this, i don't see this as bad news.
Its a good article, thanks for sharing. They are currently doing a pilot plant, if they bring it to industrial capacity as per the Bloomberg article, it will produce enough lithium for about 15000 Tesla cars. Still leaves alot of room.
Rio is the first diversified miner to add lithium to its portfolio.
Which to me reaffirms a few options for CYP:
Either Albermale will take it out to try and continue to secure its mandate of being the largest US producer...or
another large miner like RIO will want to also diversify and add lithium to its portfolio, the same could be said for a large energy company wanting to maintain its dominance in the ever changing energy landscape....OR
a type of manufacturer (car or battery) will want to buy CYP to secure its supply...
so to me, the fact one large miner is adding lithium, might make a few more large miners consider doing the same....
same for energy companies that have historically been oil and gas...it will just take one of them to make lithium a priority, to force competitors to do the same...
maybe i'm out to lunch, but i vew these developments as positives....now bring out the PFS please...jeez
cheers
NB