If the plant can continue to thrive on just producing copper,...

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20/02/19

22:24

Post #: 37507737
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Originally posted by cfp ↑

Originally posted by cfp
Hi vic, I think 5 years is a minimum personally, when you look at Tesla in 2011 they never delivered one EV yet expect to deliver 500K by the end of 2019, eventually we will be cobalt and lithium free as new technology takes over but it's years away, don't forget that Panasonic said they were going cobalt free and then admitted they were going to up there cobalt use by 300%, perhaps a little gamesmanship there, EV car manufacturers need between 5Kg and 30Kg per car battery, they would like this reduced to make EVs price competitive with ICE, in saying that over the next 5-10 years they will find ways of reducing cobalt and currently there is nothing to replace cobalt, in the mean time Cobalt will remain the primary stabilising agent
on another note, even if cobalt is drop kicked out of batteries please remember that an electric vehicle has many times the amount of copper that an ICE has, Cobalt was the rubbish that was thrown on the heap of a copper processing plant, its a bye product, after 5-10 years if cobalt is not needed we can just revert back to processing the copper, that's no big deal as our plant will be capable of processing both and the DRC is full of copper and in close proximity to our plant, we will continue to thrive regardless, its boom time for holders, strap in

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If the plant can continue to thrive on just producing copper, then why was it closed when WFE approached the vendors for this deal??
I believe it was closed because they couldn't make money producing just copper, or should I say that is what I was told about why the plant was idle, available, and written down to zero.

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
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If the plant can continue to thrive on just producing copper,...

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