RE:RE:RE:Forbes article summarize the big newsThanks Papino0,
much appreciated.
As I indicated before, we should not have to wait for an upturn in the market as for many battery manufacturers and OEMs that will be too late.
It does take quite some time (years) before even an "advanced" company like NLC can bring (relatively cheap) product to market.
If "suitors" wait too long, Waldo's bargaining position will only improve.
It is of course a slack rope balancing act for all the players, also for Waldo.
Hard rock can turn up the floodgates on short notice, but hydroxide needs lots of Nickel for the 811 battery. Read the link below and be happy for carbonate :-)
On high nickel 811 batteries When Waldo went for the $45 million extra financing in Nov, 2017, I did not have many kind thoughts for him. Little did I know.
Smartest move ever :-)
Had he not done that, we would have been taken over for a pittance like just another Rodinia by also ORE or one of the other major players. Let's not remember LAC (Waldo will though).
We've got a financial team that's been there, done that, got the scars, won't ever happen again.
Well, that's the basic idea.
With regard to "we should not have to wait" from my first sentence, "should not" is an awfully nasty phrase.
EIA should not (here we go again) be a problem as NLC has produced the document in cooperation with the authorities and a local university. During the process, they have consulted with all stakeholders in order to produce a document that fulfills all, at the time, requirements.
Business, in many cases, may be a bit of a nasty game. I believe that it is well possible that NLC has asked the authorities to not come up with their verdict yet. It's another card to play.
I may be wrong though.
I've stated it before (several times): Get out the lounge chairs onto the salar and enjoy the view with a cool drink and a good book, it's summer in the high Andes, enjoy it.
Play the game!
The risk that "suitors" will be turned off is not great.
NLC is too great a price.
Have fun