EUR 15.2% 3.8¢ european lithium limited

Billions and billions of euros, page-63

  1. 3 Posts.
    Hi Jeffries,

    here's summary of the relevant points of the video:
    - few years back there was one mine reopened, before that none for 50 years
    - they expected 100 private and institutional investors, in addition to that politicians, representatives     
      of business  organizations
    - the decline is there because in the 80s they've been searching for uranium which they didn't find
    - they found lithium instead for which there existed no market at the time and therefore the project was 
      abandoned
    - additional workings within the mineralized zones already in place
    - they expect this to be the first lithium mine to go into production in europe
    - mining method bottom up (nonmineralized material stays underground)
    - location is 1600m above sea level
    - snow was 3m last winter which is manageable 
    - forestry roads need to be upgraded i.e. paved 


 
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