Power of Blue Sky Discoveries + Green Technology.
Private Diary: Chronicles of the Energy rEVolution.
Saturday, 21 August 2021
Digital Divide And Dancing Tesla Robots On FSD: Lithium Will Power Us For The Next 50 Years And Then Robots.
Kirill Klip, Executive Chairman of the Company commented, “I am very pleased to see this 55% increase in measured and indicated resources after the previously announced in 2020 increase of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng on the successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.
We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased.
We welcome the news from the Salta regional government disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.
TNR Gold does not have to contribute any capital for the 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 a very 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 Robots are here. They can be seen like dancing on LFSD for now but do not miss the tectonic shift, generational investment opportunity and The Switch. Electric Cars are here. We can be questioning the focus of Tesla, the timing of real delivery and the safety of FSD, but we are not questioning the existence of electric cars as a wonderful product anymore as a species. Millions of consumers are making The Switch and buying electric cars all over the world.
Now investors should be very careful and selective in order not to miss this opportunity and separate the real Lithium companies from the companies with lithium left in their name only. Be very careful chasing your Dragons in the Pump and Dump stocks, with insiders Dumping into the Pumps and diluting all other shareholders with their pyramids of convertible loans. Think twice, if MD&A and financials of the junior mining company look like a statement of an overleveraged hedge fund run by the banksters and you can hardly understand anything.
Avoid at any cost flying with kamikaze pilots. Just remember, that Panda Squeeze can be as deadly as Dragon's kiss. Check carefully who owns what, who has the money and expertise to keep their stakes going and develop the projects. Your careful examinations of financials, insiders and real Lithium resources during your own research can help you to avoid becoming a victim of another round of Pump and Dump this summer.Our industry needs investors for the best Lithium companies and your money deserves your respect.
My presentations and links below can illustrate to you why our Team at TNR Gold is so excited with all recent developments in the Lithium space for our company. Do your own research, stay safe and prosper. Join The Energy rEVolution.
As we have discussed, this summer is really getting hot for all TNR Gold Royalty Holdings in Lithium, Copper, Gold and Silver in Argentina, even during the winter season there! Public news is pouring in and now you can better understand what I mean by talking about the might and staying power of Ganfeng Lithium. This giant from China is making headlines and new all-time highs in the markets. Ganfeng Lithium hit 200 CNY price level last week which brings US$41 Billion market cap!
"Another great news for the proud people of Argentina and TNR Gold shareholders is that Reuters reports that now Ganfeng Lithium is planning 20,000 T of annual LCE production capacity. It will be a 100% increase from the 10,000 T of annual production capacity estimated in the Mariana Lithium PEA which was prepared and released in 2018 before more than 250% increase in measured and indicated Lithium resources from the 2017 resource estimate was reported by Ganfeng Lithium and TNR Gold in 2020."
Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions.
No comments:
Post a Comment