The lithium game is moving fast and the companies that can enter downstream processing will have a competitive advantage.
Neometals with only 13.8% of Mt Marion the other % Ganfeng and Mineral Resources have the financial ability to move to either a take over or JV with ESR.
yes shallowest resources will win hence when you look at the strip ratio of Mt Marion after the initial 5 years of production from Mt Marion the ESR resource if it proves to be low cost production will be a target.
You do not get an ASX announcement by NMT regarding its involvement with
ESR unless they are already a substantial holder .
At this stage just sub 5%.
On drilling results IMO expecting a 3B from NMT above the 5%.
All Imo.
ESR Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
