SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (54881)10/26/2004 5:25:41 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
There are a number of Japanese, US and European lithium battery manufactures who would be happy to finance a mine, to supply them and their joint ventures for batteries in China.

Sanyo, Sony, Mitsibushi, BASF, etc.
Not to mention BHP, NEM, Rio Tinto.

But I guess they don't have the reputation on the guys from Vancouver....



To: Snowshoe who wrote (54881)10/26/2004 1:41:53 PM
From: RealMuLan  Read Replies (1) | Respond to of 74559
 
Ok, you are forgiven, snowshoe<gg>

The wording on their web site sure sounds like a scam<g>. It is true that China has second only to Bolivia in terms of lithium mineral reserves, but they are located mainly in 4 provinces, Jiangxi, HuBei, QingHai and Sichuan. And in Sichuan, mainly in 2 regions: GanZi and ABa. So it is absurd to claim Jiajika alone has 43.3% of Chinese lithium mineral reserves. At best, it counts 25-30% of the total L. reserves in China. So this is scam reason #1. And reason #2, without knowing the content of their contract with the Chinese partner, use the word “control” is suspicious, to say the least.

GanZi and ABa of SiChuan Province have the most beautiful scenery on this planet. The famous JiuZaiGou also located there. I can only hope the Chinese gov. is not going to let the capitalist greed destroy them. Too much has already been destoryed!

>> instead of getting financing from the Chinese government which is loaded with U.S. dollars?<<

why should Chinese gov. give the foreign company financing to let them make a mess in China? If China were to have the finance, it would develop everything itself. Chinese gov. has already unloaded a lot of worthless US$, last time I calculated China now only hold around US$290 billion (till the end of August) US debt, which is considerably less than one year ago.

BTW, don't just look at the couple of billions in China's reserves. Those are the blood of billions of Chinese. Look at those millions of poor unemployed Chinese workers in cities and billions of poor Chinese farmers in rural areas. I know, I know, the greed of capitalists knows no limit. But put your greed where it blongs -- on the US property, not China's perperty, please!

>>P.S. Ever hear of a place called Howe Street?<<
Where did you heard of this? It could be any street in any Chinese cities. although it does sound like Cantonese or something. Because HanYuPinYin does not use that type of spelling.