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Friday, April 04, 2014 6:41:40 AM
To me, it makes perfect sense for Mr. Musk to buy AmeriLithium. AmeriLithium has locked up huge hunks of the world’s undeveloped lithium prospects and could keep Tesla supplied for decades.
To grasp the scope of what AMEL has accomplished. . .think what it would have been like if, back in the early 1900s, John D. Rockefeller had somehow managed to buy all the oil rights to the Saudi Arabian desert!
Now think about this: what would have happened if back in the early 1900s, early American automobile pioneer Ransom E. Olds and John D. Rockefeller had joined forces?
Is that the picture we’re seeing now?
Tesla Motors teaming up with the owner of America’s greatest lithium prospects. The implications are mind-boggling. As the demand for lithium begins to skyrocket (think China!), supply gets tight and prices soar, the auto maker that owns its own lithium reserve will dominate the world market.
What, I ask you, could be better than a takeover by Tesla Motor Company? I’ll tell you what: a bidding war for AmeriLithium between Mr. Musk and America’s only lithium producer!
Although its future looks phenomenal, AmeriLithium is still an early-stage exploration company.
On the other hand, its long-established Nevada neighbor, Chemtall Foote, is part of a huge, publicly traded company, Rockwood International (NYSE ROC) with a market cap of $1.91 billion, some 3,000 employees and sales of some 847 million Euros (about $1.12 billion dollars).
I don’t think for one moment that Chemtall Foote, operators of America’s only active lithium mine, is going to sit back and let Amerilithium gain a strategic advantage that, if it doesn’t take action now, could eventually knock it off the map! Not likely, especially when AMEL has already intruded on home turf by gobbling up lithium-rich acres right next door to Chemtall Foote’s ongoing operation!
I think a takeover by Tesla or the Chemetall Group, or one of the other more-established, deep-pocket mineral giants, is almost a given. And it’s not going to be a giveaway. AmeriLithium may be small, but its Australian acquisition puts it in the driver’s seat. Maybe AmeriLithium was thinking “buyout” when it grabbed the Australian claims.
AMEL=$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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