RE:RE:RE:NOU vs LLGFox2019 wrote:
DAgentQC wrote: Well, NOU is moving forward building the mine dowtown and the transformation faclity next to the St-Laurence. This project is very solid to me, hence the Market Cap.
I mean good luck for LLG anyway, maybe it will supply the Becancour transformation facility as well. In the long term strategic plan, NOU is expecting to get into the transformation market from other suppliers. They bought a Site at Becancour that can be easily upscaled and accomodate that.
This is the reason why I sold my mason graphite shares with profits. Their agreement with the First Nations who actually owns the deposit land on a legal side (which is the main difference with the atikmatek who claims an ancestral land) force them to have their value added transformation anode material build on their land for local economical reasons Precisely in the middle of nowhere far away with no infrastructures for chemical products. That is super risky and that is why Our dear Eric CEO of NOU made a deal with Olin and is building the anode factory next door which now they have the burden to properly supply and receive then recycle the chemicals agents with their own infrastructure adready on site. WHAT A GREAT MOVE to de risking the operation!
Also, one of the main risk nowadays is human ressources. Although NOU is facing the same challenge as any other industry, it is way better situated to attrack a skilled people down here than minig project up North.
The Becancour facility is in the Mauricie area, where there is a strong worforce of industrial workers. The region has been severly hit lately with closing industries and suffer a high unemployement ratio. That is a great location to find a skilled workforce.