RE:RE:So what 3rd party tech is so good E3 drops own tech?Wanderer1187 wrote: The finish line is still 30 miles away. Ultimately, they're not a DLE tech company. They're a lithium extraction and processing company. If they were a DLE company, they wouldn't have had to buy their resource and royalty and worry about permitting. The only question is how this affects project economics. Most likely, it was the fastest and most economic way to get to production.
With proprietary tech, you have to build it, you have to maintain it, get your own custom parts for maintenance, hire engineers and technicians to maintain it, etc. Basically a whole line of effort on it's own.
They're focused on the implentation and getting that first commercial plant up. If you don't have the cash to build your own plant, probably not the best idea to fund an entire ancillary line of effort that doesn't DIRECTLY serve that objective.
I say hire it out for less cost, and then, 5-10 yrs later when you've got multiple plants and are profitable. Build your own tech and then move for cost optimization.
But right now? Pull some lithium out of the ground and start making profits. 3rd-party DLE is the fastest way.
The entire start of the company was based on developing it's own DLE tech. The whole original thesis of E3 was to take advantage of the known lithium sources that was a nusance to the exsisting oil industry. Yes they went and got permits for lithium extraction which is to be a new industry in Alberta. Lithium extraction is not really a mining process. All of the new lithiium produces are really more chemical companies than miners. I completely disagree that E3 is not a DLE company. To put that much time and effort into what was also a possible revenue generator via license agreements after they have finally gotten all the way to PP status (which not 30 miles away from finish)
You can outsource sorbent production just as easily as the DLE they are now going with. i find quite a bit wrong with your statement. However that wasn't really what I was curious about. I am interested in people's speculation as to which companies tech has proven to be so much better at this point to make such a major change at this point in the game?
It must have killed MGMT to pull this change now. After all the work and talk that has been put towards building proprietary tech. it must have proven much more superior to what E3 was doing. So who's tech is that good? That is what we should be trying to determine.