Doing a little DD on Warren Buffett and I found he is interested in Lithium battery makers more so than mining companies. However he has a large holding in Posco. I'm still thinking that Posco will be a major player when Mammoth Energy looks for a Joint Vent or merger. I have a couple of ideas floating around that might come into play.
1, Chile concession holders might oppt for selling concessions to the highest bidder or JV.
2,Concession holders may JV and let a mining company mine for a percentage.
3, concession holders may mine them selfs and have another company refine it into lithium.
I'm thinking this is why Posoc is spending so much time and money profecting there process. Not only do they have Joint Ventures with two other concession holders but they get there raw material and refine it and sell it, just like how the small private oil wells sell to a oil company that takes care of the rest. I'm thinking this is a good business model.
The problem here is, concession holders have the gold, but to extract it costs are big. But there are local mining companies in the areas that could refine at way less than setting up them selfs and refining the lithium. Makes good business sense.
Just love Southern California. I visit San Diego quite often. So if one lives in Riverside and is a fill time trader on Wall street, that's one hell of a commute to work ! I thought mine was bad enough. This summer I'll be in the North Sea and commuting to south Florida.
Nemo sniffin for more DD ! Stay tuned
(IMO) Sometimes I'm to the point, and sometimes I'm out in left field. JMHO
