Originally posted by jefferies2
Could you spare a few moments of your time? It would be good to get a few sentences from you about what is being said. Anything new?
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
