Of course they haven’t dropped a dime into it. Neither has Beijing Easpring into Clean Teq or any other company for the remaining 80% of nickel and cobalt that does not have offtake agreements. What they do have is the negotiations and commitment to purchase. That is not worthless.
Suggesting that “T and T” will suck up profits suggests that there will be a mine to produce profits. Mining investors make their money on the front end, so that sounds like a nice prediction for my purposes.
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