RE:Looks Like Tesla's Not the Only One.......The H1 2021 milestone "Generate mineral reserve estimate & life of mine plan" is going to be where things heat up for Giyani. Right now I am sure we are on a lot of radar screens but it is going to be that mineral reserve estimate that makes or breaks us. If the drill results show a substantial resource, one of two things may happen: A number of off-take agreements are put into place and money comes in from different directions OR someone like Mr. Musk decides to either commit to buying 100% of the output or, not as likely, he buys us out and owns it.
I know he has said he may get involved in mining if he needs to but there are two problems with that approach in my mind. First, if you can buy 100% of the resource without having to get your hands dirty, why bother? Second...life of mine will play a big factor. If they determine the mine has a 20 year life, I can't see him committing to buying the ine considering how quickly the battery tech is changing. No sense committing to 20 years of manganese if it won't be in batteries in X years.
I think we are in the best position we have been in for many years. They just need to get the resource estimates done and then let the buyers line up. All my opinion of course.