AVB definitely had the VG grades, which is why OZL made their T/O play for them, AUR could be on to something good with SFR committed to seriously drilling the guts out at Morcks Well, HLX could be big too - much more drilling needed there.
SVY could be onto something huge (Cu AU) at Thursdays Gossan
But Ozblue is on the money about the good grades being harder and harder to find, however I am not sure cobalt prices are going to drop too much, any time soon.
I also hold CLQ and AUZ and they are laterite Ni Co deposits, so I am bullish also on nickel. Recently SK (one of Sth Koreas largest companies) did an offtake with AUZ for 100% of output from their Sconi project, SK are building a battery plant in Europe to supply Mercedes with batteries for their EV's. Mercedes want "ethical" Ni Co fot their batteries.
SK are also helping AUZ with finance and design for their plant. Mercedes want the batteries by 1st Qtr 2021.
My point is demand for EV batteries will be going thru the roof over the next several years, at a rate that is in excess already, of projected demand; this demand will likely become even greater. I believe we are looking at a ground breaking event in transport.
Several years ago Robert Friedland (chairman at CLQ) told Elon Musk that CLQ were not interested in being locked into a fixed price offtake regime for CLQ's Co & Ni. RF knows his business and was obviously confident from a long way out about where battery minerals' pricing was headed, he could be wrong, but I will punt with RF for the moment.
I spoke with Hamish Collins about o'seas battery makers approaching AML in March this year, he didn't want to say much about it at the time, but did say there had been conversations. Personally I have no doubt that there would be conversations, BMW have recently become involved with a Co miner, an unprecedented move by a car manufacturer, Western car manufacturers want "ethical" minerals for their batteries so the DRC is out of their calculations, which puts Australian and Canadian battery minerals miners in a good place. All IMHO
AML Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
