If you look at the state of lithium mining industry this year you can easily miss the real switch which is happening in the world. People are switching to electric cars by millions now. Tesla is the leader without any real competition among the legacy automakers. Any problems with quality are related to the ongoing ramp-up of the Model Y production during the pandemic outbreak and they are real, but when this hysteria about Tesla "going to be bankrupt soon again" is fueled by the short-sellers you can miss the big picture below.
Tesla is literally pushing all legacy automakers to switch to electric cars or die. The ICE Age is over. The problem is that autos still do not have even comparable lithium batteries and powertrain technologies to chase Tesla and after the Tesla Battery Day this advance will be even more apparent. This brilliant video by Tesla Daily presents the story about the real progress in the development of Tesla lithium batteries technology.
The majority of people are still sighting the "range anxiety" as the main psychological problem before buying electric cars. The second argument against The Switch: "What am I gonna do with the dead battery"? This new milestone achievement by Tesla will address both problems in order to really launch the mass market for electric cars.
Lithium batteries can contain more energy now, can be charged faster, more frequently and will last longer. This technological advancement coupled with the volume mass production will bring the cost for electric cars down. They are already cheaper to own and now they will become even cheaper to buy. We have The World Just Before The Internet - electric cars are going mainstream.
Chart by @TaviCosta
I will spare you from scientific expectations among our junior mining crowd: "Can you imaging when Robinhood traders will be chasing Gold, Silver, Copper and Lithium mining stocks?" But I must agree that even brave Robinhood crowd which is chasing in herd bankrupt companies with free trades leading to the margin calls and a total wipeout for most, can change and start looking for the new stories.
500 new models of electric cars to choose from by 2022 will be a very good slide from BNEF to start discussing this coming green and clean future under the bright blue skies. Not all lithium miners will make it through the desert to those sweet times.
The stronger players are getting stronger and the weak ones are getting wiped out by the brutal Mr Market. This is where TNR Gold partner Ganfeng Lithium is coming into this picture. TNR Gold holds NSR Royalty on Mariana Lithium Project JV being developed by this giant from China. We do not have to contribute any capital to the development of Mariana Lithium.
I was very pleased to see that after the announcement of the increase in Lithium resources of more than 250% announced in February Ganfeng Lithium has published in their 2019 annual report: "The feasibility study on Mariana Lithium was completed in 2019, and environmental assessment and construction of the project are planned to be conducted".
Below you can more information for your own research. Royalty Lithium companies like GEM Royalty TNR Gold can provide the unique entry point into this World Just Before The Internet when Tesla Energy rEVolution will transform our $12 Trillion Transportation and Energy industries into sustainable business which will be powering our green and clean future.
Lithium Will Power Us For The Next 50 Years And Then Robots: Kirill Klip GEM Royalty TNR Gold Lithium Presentation May 2020.
"Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in measured and indicated resources from the 2017 resource estimate at Mariana and that Ganfeng Lithium is advancing this project in Argentina towards further updated PEA and pre-feasibility studies. The Mariana Project preliminary economic assessment (“PEA”), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is an important part of TNR Gold’s portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”
Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions.
Do Your Own Research.
TNR Gold Mariana Lithium NSR Royalty Holding: Ganfeng Lithium - "The Feasibility Study Of Mariana Project In Argentina Was Completed In 2019, And Environmental Assessment And Construction Of The Project Are Planned To Be Conducted."
The supersonic boom has brought to us the great public news from China to brighten the universal gloom. Ganfeng Lithium has released publicly its Annual Report 2019 and we can finally find more public information on the development of Mariana Lithium.
We have the catalyst in place for TNR Gold NSR Royalty Holding on Mariana Lithium project under the operation by the giant from China Ganfeng Lithium.
"Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in measured and indicated resources from the 2017 resource estimate at Mariana and that Ganfeng Lithium is advancing this project in Argentina towards further updated PEA and pre-feasibility studies. The Mariana Project preliminary economic assessment (“PEA”), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is an important part of TNR Gold’s portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”
"The feasibility study of Mariana Project in Argentina was completed in 2019 smoothly, and environmental assessments and construction of the project were planned to be conducted gradually." Ganfeng Lithium Annual Report 2019.
"The feasibility study of Mariana Project in Argentina was completed in 2019 smoothly, and environmental assessments and construction of the project are planned to be conducted gradually." Ganfeng Lithium Annual Report 2019.
TNR Gold Reports On Royalty Holding: Ganfeng Provides Technical Report With Increase Of Measured + Indicated Resource To 4.41 Million Tonnes LCE At Mariana Lithium Brine Project.
Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in measured and indicated resources from the 2017 resource estimate at Mariana and that Ganfeng Lithium is advancing this project in Argentina towards further updated PEA and pre-feasibility studies. The Mariana Project preliminary economic assessment (“PEA”), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is an important part of TNR Gold’s portfolio. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”
No comments:
Post a Comment