Thots on Thots"He needs financing, and no one in the mining world thinks the deposit is economic. But you do, so feel free to send him some money." -TickerTwit
This deposit is economically feasable. The price for lithium has exploded. I don't think you aware of what the electric car is and how much lithium is needed and how badly people want to drive electric cars
"My gawd, some of you will swallow anything a mining exec can spew out his back end." -TickerTwit
I'd rather be swallowing what Bubar says than other mining execs. He doesn't bullshit his numbers and is pretty humble about how big this lithium deposit is and how insanely under valued Avalon is when you start looking at it's assets. "What do yo mean? I quoted executive Harbecke saying that at first all processing requiring a converter will happen in Europe for the first year and at the later stage they will also set up a converter in Thunder Bay. Are you saying this will not happen or what?" -Cartmanbruh
I don't see how it could be economically viable to keep shipping a 6% concentrate to Europe. They are definitely going to build a facility in Thunderbay. Bubar was talking today that he's getting an off take agreement shortly, but he can't disclose with who. Once Avalon has an offtake agreement, They will begin construction on the lithium converter in Thunder Bay. There are many Vacant Industrial lots on Lake Superior that can be used. The construction will take 2-3 years. I'm not sure how long it will take RockTech to develope their georgia lake sight because they are still drilling the thing, Avalon drilled their's out years ago, but discovered even more lithium and is drilling that as well. Jesus christ this deposit is huge...
"The one in Europe seems supported by the German government, which (I would hope) means there has been 3rd party due diligence and feedstock exists. But in Canada, where does the feedstock come from? Not RCK or AVL, neither of whom will ever produce. So ... from whom?" - Ticker Twit
Every lithium converter and lithium mining company will be supported by their local governments! We are talking about green tech and saving the planet. I don't think you get the demand for electric vehicles that is building up.
The feedstock will come from Rocktech and Avalon, I think you are confused about the most basic of facts
"So basically, when RCK claimed they will mine spodumene in Ontario they were in effect lying whereas you are telling the truth." Cartmanbruh TickerTwit hasn't done any homework and is just a troll at this point for making that statement
"Rather than lies, consider them to be statements of likelihood. RCK's statements are extremely unlikely (based on Canadian Shield mining history), while mine are extremely likely (based on Canadian Shield mining history). No one, as far as I know, has advanced a primary-lithium project in the Canadian Shield past PEA. AVL will not be an exception because they will never get enough funding for pre-feasibility work. RCK might be an exception if they fail to get decent salaries from the Europe idea and have enough funding. At this time, as far as I know, there are four active lithium projects in the Canadian Shield. Three have PEAs. All are owned by Canadian sub-juniors. None have appealing economics. A practical note: Until proven otherwise, assume that anything said by an exploration company is an attempt to fluff you (fluff=arouse) into investing. Very, very few projects get past PEA. The industry knows what most PEAs are and most competent sources of funding also know what most PEAs are -- horse patooey." - TickerTwit You don't know jack squat about lithium mining economics. HAVE YOU SEEN THE PRICE OF LITHIUM LATELY??? DO YOU UNDERSTAND THAT GOVERNMENTS ALL OVER THE WORLD ARE MANDATING ELECTRIC VEHICLES??? These are premium hard rock lithium deposits that are going to be mined and they will be successful. The permitting process is difficult in Canada, but want that difficulty disappear because of the green tech revolution that is happening over the next 2 decades
"Likelihoods…”my gawd”. Surely you have more confidence on the lesson you gave us. Yes or no? - Spodumene, petallite, lepidolite etc. will be mined in Georgia Lake or/and Separation Rapids by 2025?
- Construction of a lithium converter will commence by 2025 in Thunder Bay?"
- cartmanbruh
I think the lithium converter will commence in 2022 and be completed by 2025 which will be just in time for an insane lithium demand from electric cars
"2025" is where the external (i.e. market) economics fail. The majors will have ramped up before then; shareholders in Ontario lithium will watch the market fall away from their high-cost projects. RCK's plant in Germany is a maybe, IF it truly has cost-competitive European (not Canadian) feedstock. Production in Ontario is very unlikely, by them or anyone else." Ticker Twit
Dude, they already announced they are building it and have the funding, the land, and the full support of the local and national governments. DO YOU KNOW WHO PETER THIEL IS?? Do you think Peter Thiel messes around with his investments? He owns 5% of Rock Tech.
"But it is about likelihoods. Both AVL and RCK could develop fantastically successful lithium operations in Ontario, no matter what I or others predict and no matter how many have tried before and failed ... but how likely is it, based on the technical reports and the realities of the evolving lithium market?
You've received help from me already, even though you don't see it that way. I can't give more without crossing into professional services, and I only accept referrals.
A final bit of generic advice: read everything AVL has ever filed, including technical reports, and go to prior property owners' info where still possible. Then you'll be able to develop a fuller picture of AVL's (Bubar's) modus operandi. It's 25+ years of masterful serial financing of a revenue-less existence. He's a genius, an absolute genius. Who but a genius could imagine portraying a non-operating, non-developing mining company as a "leader" in sustainability? Quite honestly, I am in awe of the man." -TickerTwit
Avalon and Rocktech are early movers in the lithium space and will be profitable, they got choice hard rock deposits.
Avalon stock price rocekted to $10 because of the rare earth bubble which was caused by China shutting off the supply of rare earths to Japan. They were about to start operations, but the prices collapsed. Learn your history. He's kept this company out of bankruptcy and has been slowly collectling key deposits of critical minerals for green tech. Finally, prices have began to go up for these materials in significant ways. The lithium deposit and the Tin mine will make tremendous cash with in 3-5 years The rare earth deposits will send the stock price up 100x, if China ever so much as threatens to cut off the US from rare earths because Avalon has spent the time and has done some exploration work which puts them in the lead.
"Before you read the PEAs, read through a few "Concerning Forward-Looking Statements" disclaimers. Then ask yourself why you understand those to imply that statements of likelihood follow, and why you understand this to be the case even if the company does not issue the disclaimer.
And finally, ask yourself why you don't grant that same understanding to my forward-looking statements. It's a discussion about future financial prospects, therefore the forward-looking context is obvious. This bullboard is a stream of commentary on future financial prospects, therefore an overarching forward-looking context is obvious." TickerTwit
Looking through a PEA that was written 5 years ago would be pointless because the price of lithium and Tin have gone up so much in the last year, the lithium deposit is even bigger than previously know, the tin sensor-based-sorting is working out better than previously though, the techniques and technology for mining hardrock lithium have changed significantly making everything more economical, but my all means if you would like to point out what is wrong with the separation rapids PEA, please come up with a factual and coherant response.