EUR 4.00% 2.6¢ european lithium limited

Rings around EUR, page-11

  1. 4,583 Posts.
    lightbulb Created with Sketch. 41
    So the alleged study turned out to be wrong.

    Hang on a minute.

    It is clutching at straws to state that predictions about the future are 'wrong'. You can't say they are wrong until the future has arrived.

    Let's have a look at the report that caused all the fuss (using Google translate).

    https://www.trend.at/wirtschaft/zweifel-lithium-abbau-kaernten-10369947

    We read that skepticism was expressed by Peter Moser, a professor of mining engineering at Montanuni Leoben. Putting aside the comments on t. sage's past, and sticking with EUR, Moser states:

    "The production volumes of 600,000 to 800,000 tons per year are extremely ambitious overall . . . " 200,000 tons are more realistic, according to Moser.

    "It is surprising that European Lithium does not identify any potential strategic partners for the realization of a mining and processing operation with more than $400 million in investment." Well, well, well. Now JDR, on the board of which sits t. sage's brother, has suddenly become a strategic partner! Perhaps t. sage took Moser's comment on board, though if so he has chosen a minnow.

    "The fact that the mining company European Lithium is not the landlord is expected to have a delaying effect on the duration of the approval process."

    So, Moser essentially made predictions about the volume of ore and the duration of the approval process. Is he wrong? To use a journalistic cliche, 'only time will tell'.
 
watchlist Created with Sketch. Add EUR (ASX) to my watchlist
(20min delay)
Last
2.6¢
Change
0.001(4.00%)
Mkt cap ! $57.32M
Open High Low Value Volume
2.5¢ 2.7¢ 2.5¢ $10.82K 412.1K

Buyers (Bids)

No. Vol. Price($)
1 24745 2.6¢
 

Sellers (Offers)

Price($) Vol. No.
2.7¢ 28571 1
View Market Depth
Last trade - 15.30pm 25/11/2024 (20 minute delay) ?
EUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.