GREY:CORBF - Post by User
Comment by
Sylt1204on Jan 15, 2021 9:15am
68 Views
Post# 32304715
RE:TESLA LITHIUM SUPPLY AGREEMENT VLI
RE:TESLA LITHIUM SUPPLY AGREEMENT VLIGood cobalt areas are available, but exploration takes years and costs a lot of money, there is currently no need for a large partner (e.g. Tesla!) . Repayment of the funds agreed, but generally interest-free with a new timeline extended to 2022. This appeared to the management to be more sensible than giving priority to lengthy developments in their own areas. If TTX (neighbor of AVZ Minerals) now drills the resource and brings the evidence, this also increases the value of the participation and then CO can see what it has brought. What makes it extremely attractive at Tantalex is the short timeline to production within the next two-two-and-a-half years. In the tailings there are valuable lithium residues from previous mining activities. It's extremely exciting. The current market cap alone is as big as the money borrowed from TTX. Every added value will participate here 1 to 1 and thus there is the chance to multiply the stake, how high it can go 0.10 CAD - 0.30 CAD, I don't know, but there is a good chance / risk profile. This is the driver here.