RE:outlook F22, the demand is well predicted and evident with the number of battery plants underway and announced. Given that coming demand, CM agreements and the fact that we are the only permited primary deposit in NA, there has to be more to our opportunities and it revolves around that.
Most of the the NA plants are just getting announced altho some underway, I think our op lays with several of them or with those that can actually produce. If processing, for what ever reasons, cobalt sulfate continue to be out of reach to FT, we can't lose sight of the fact that we have the only ready to go deposit......that by its self is an enormous card to hold. No matter where one is in NA a developable project is ten years out.
We are a unique deposit in that we have lots of gold, no interested miner in thier right mind could not see that, not to mention the other electrification goodies.
cobalt used to be the bad guy in EVs, now appears to be nickel. Tesla adds 1000.00 to cost of EVs and blames nickel. It would not surprise me that the Russian situation ( nickel futures) drive the issue.....the Russian situation does not change until Putin is out and if that means decimation of the Russian economy, so be it, change in Russia has to come from within and that may or may not be eminent, depending on the Russian people and a few inner circle generals or oligarchs who see the potential end coming on way or another.
Russia is apparently the third largest supplier of cobalt in the world, if China props Russia to much there is international sanctions to follow and the whole situation gets worse. Anyone thinking that international affairs do not affect lil ole FT is misguided. As I see it and I am no pro, but it's a chess game of unmatched proportions...one move could change everything for Cobalt and subsequently FT.
Electrification of the world will not stop and our deposit is key in NA wether we produce or not somebody wants it.