Or is it ? That auto makers could allow their operations become partially paralyzed as a result of a simple chip component ... and as a result cost them billions in lost revenue. No one saw this comming ?
Chip shortage expected to cost auto industry $110 billion in revenue in 2021
https://www.cnbc.com/2021/05/14/chip-shortage-expected-to-cost-auto-industry-110-billion-in-2021.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard is the writing on the wall for cobalts and battery metals and being ignored?? The difference here is that it's clearly widely reported what's comming with respect to cobalt and is not limited to the auto industry but any of hundreds of industries cobalt dependant.
you have a situation unfolding infront of us that is far more complicated and riskier with Chinese dominance, DRC strife with issues and both alone could affect supplies in a heart beat. We read about these risks everyday and one thing forsure it's that it is huge risk. What excuses could end user CEO peddle to thier shareholders if and when things go for shite and there is no back up plan.
what bank would not look favourable to a manufacturer or supplier that takes steps to mitigate this risk?
FT needs that processing plan and we will look very different in the eyes of end users and with that program and even better with a partner. After which start an oftake program ( that will likly take all we can produce) and be ready right when the market shortages reveal them selves. The timing is just about perfect.
it's a cliff hanger if there ever was one, stakes are high, FT has never been in this space in its history, there is only one guy who can make this deal in these times and we have to ride it out with him. Failure is not an option. Keep the faith, renew it if you have to, but now is not the time to second guess, Nico has to be developed, the writing is on the wall, the opportunity is there for the taking....who is going to move on it?