Bullish Sign? - Bounced off 200 EMA, page-2061

Here’s a news story from May 14 which will potentially bode well for NRW.
It’s  about our long term  (since 2011) client, Talison, looking to double production at Greenbushes, a country town in SouthWest W.A. a few hours from Perth.

Talison’s $600m Greenbushes expansion to add 350 new jobs in SW
“Talison Lithium has put first numbers on a new, planned $600 million-plus expansion of its Greenbushes mine in WA’s South West as lithium producers rush to meet forecast demand from battery and car makers.
The expansion, on top of an existing $320 million upgrade not due for completion until April, would double Greenbushes production capacity to 2.3 million tonnes of lithium concentrate a year from 2021.”
......
“Filings with the Department of the Environment and Energy show the two-stage rolling expansion would involve the development of two new processing plants, a new crusher, a bigger tailings dam and expanded waste dumps.
Talison, owned by China’s Tianqi Lithium and US-based Albemarle Corp, is expected to make a final investment decision in July, with the company hoping to start development work at the end of the year to enable it to commission the first of the new plants in 2020.
https://thewest.com.au/business/min...nsion-to-add-350-new-jobs-in-sw-ng-b88835665z

As background, Tianqi has also been building a $400 million lithium processing plant in Perth’s industrial port area, Kwinana, since last October (expected to be up and running by end of 2018) and last month (June 20) announced they are looking to upgrade it by another $317 million https://thewest.com.au/business/con...-good-sign-for-wa-lithium-plays-ng-b88512862z

See also June 25 update on the ongoing legal battle between the Talison JV and GAM  which threatens but will apparently not impact the planned expansion. http://www.miningweekly.com/print-v...at-australias-biggest-lithium-mine-2018-06-25