Lithium stocks that will make it?, page-534

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micky78

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11/03/19

00:30

Post #: 37714807
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Originally posted by Broken chair: ↑

Dear Micky

Billy has been trying to point you in the right direction and open your eyes to the difficulties BMG faces and why the market is not enamoured with the stock. The reason is simple. One word. Atacama.

SQM is Chile’s big brine shoe on Atacama. They have stated they intent to increase production from 2018 level of 70,000 tonnes to 120,000 tonnes by 2025 at a cost of US$450million. Morgan Stanley believes they can do this but no one else does.

The Chilean Government’s environment agency has clamped down on water extraction from Atacama crimping SQM’s plans and there are legal questions a out ovet extrtion from Atacama for many years. BHP operates the world’s biggest copper mine next door and now has to build a desal plant to supply the mine. The Peruvian Tern is an endangered bird species protected by Chilean law and spends its life entirely on the shores of salar Atacama. Building brine evaporation ponds diminishes its likelihood of long term survival. And no one wants to drive a shiny new tesla knowing it came at the cost of a bird that has legal right to exist on planet earth as you and me. What I’m trying to say is there are many risks with Atacama projects that I don’t think you have fully considered and that GLN or others may just be a cleaner choice.

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https://www.marketwatch.com/press-release/new-chilean-government-spells-lithium-mining-boom-the-white-gold-rush-2018-03-22-8203315

You should look why Chilean government and people hate SQM, how they (SQM) gain control of assets, environmental practice, corruption. Why they pick on SQM? Check history.
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First 534 Last

Lithium stocks that will make it?, page-534

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