"Surging demand for lithium spurs interest in European mines."- Wall Street Journal, 13 April 2018
Link: https://www.wsj.com/articles/surging-demand-for-lithium-spurs-interest-in-european-mines-1523611800
Quote: "Rocketing demand and prices for lithium, coupled with China*s stranglehold on supply are reviving interest in mining European reserves of the coveted metal some call white petroleum."
"But while European businesses use 25% of the world*s lithium, a group of Chinese co*s has secured a stranglehold on the Australian and South American mines that produce almost a l l the world*s battery grade metal. "
"That has sent a small group of pioneers on a RACE to re-open European mines..."
"Meanwhile, Australian mining co, European Metal Ltd....and IS FINALIZING a $400 million pitch to investors to scale up production."
EMH-RESEARCH REPORTS
<> Capital Network Research Report [16.8.17]: " We understand EMH has already been attracting meaningful interest from some LARGE potential investors."
<> Paterson Research Report [12.4.17 & 3.5.17]: Valuation: Sum of Parts A$542m or A$1.68/share - DCF method with 10% discount. Tier 1, PFS.
Link: https://www.europeanmet.com/technical-reports/
Comment: From what the 2 brokers said and what is now reported both by MarketWatch, USA and Wall Street Journal [13.4.18], it appears the TIME has now come for European lithium? We await news.
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