Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Watch the prem cash flood in. The interviews there are clearly not coming and the shares could be suspended very soon.
This is looking very bullish, bit more buying pressure and boom this will go, 0.24 /0.25
As usual, comes out with total BS to try and deramp the company and when he is shown to either know nothing or be lying tries to pretend it was a joke. Come back next Friday and see how you can do with some deramping then.
Dukey and to further hammer my point home,
"During the period between 2007 and 2012, when Jupiter
undertook exploration and conducted a feasibility study,
minimal exploration was conducted for further DSO mineralisation and the potential for beneficiation of transitional zones at Mt Ida to produce a fines DSO product was not investigated. If production is able to commence at the Mt Mason DSO Hematite Project, it is proposed that exploration and development work on targeting DSO would be undertaken to potentially increase the DSO hematite resources on the CYIP tenements, which may increase potential Project mine life."
Page 32 of the IPO document. As soon as Juno makes a decision about that Hematite, RRR's royalty gets triggered.
Size matters with mining because it spreads the fixed costs over a greater volume and therefore reduces the marginal costs.
DYOR
Buy after buy , looking good now
Dukey, I have had to deal with unintelligent people over the years but you take the biscuit. The update refer to Mt Mason but I gave you plenty of links where Juno states its plan is to bring Mt Mason into production to fund Mt Ida into production. So if Juno is one step closer to coming into production then Mt Ida is also one step closer to coming into production.
Very weak to try change the subject when you have been shown to be incorrect but to keep you happy:
If and it is if, Juno brings the Mt Mason hematite into production it will make the "Mt Ida" hematite part of the project and trigger the payments. Juno is not going be bothered some line drawn on a map. The hematite on the Mt Ida tenements is part of their assets.
ALR/Lithium sales. This information is price sensitive and as I said I am not putting price sensitive information in the public domain. Good luck with trying to short RRR though.
CLNs, what I do with my money and assets has got nothing to do with you. In any case, I am pretty sure you couldn't follow the quite complex calculations about, "what if.."
You just keep fretting about the couple of grand you lost about ten years back.
DYOR
As a more general point on Juno; one of the issues for Juno is the disparity in size between Mt Mason and Mt Ida. Mt Mason looks like a relatively small, short live mine with consequent relatively high production costs. Adding more resource by including the Mt Ida hematite and the hygiene zone between Mt Mason and Mt Bevan will make a difference to the marginal cost and therefor more fundable.
xx
Just been dummy buying, if breaks 0.23 this could spike towards 0.30
Looking really good here today...going to be fireworks here this afternoon and into close for sure!!
Load up. Sellers are done and stock is going to get very tight.
The larger "unknown" trades?
And please don't answer "unknown".
Thanks.
You can only sell once. Suspect this will jump big style very soon.
3 from 5 MM between 0.24 and 0.25p
I thought 150M would brake resistance. At 200M now - think we might even eclipse yesterdays 250M. Monday looking at 0.25p plus. Expecting a lithium production update next week
Lithium mining immediately and sales
So Juno are planning nothing with Mt Ida?
https://www.junominerals.com.au/cproot/1089/3/2411530.pdf
"Argonaut have been mandated to advise on financing the development of Juno’s Mount Mason DSO Hematite Project (Mount Mason) and also to assist with attracting a major partner to develop its Mount Ida Magnetite Project (Mount Ida)."
As said.. and..
"https://www.junominerals.com.au/cproot/1115/3/2542851.pdf"
"In the September quarter, the Company commenced a process to attract a major partner to earn in at project level, with the capacity to complete the Feasibility Study and develop the project. This process is continuing."
"Experts" who read nothing are just so funny.
DYOR
TheeDuke
deramping hard to get on RRR
:)
Https://www.junominerals.com.au/cproot/1009/3/Juno%20Minerals%20Limited%20-%20Prospectus%20Final.pdf
DYOR
Unlike some outfits RRR will be producing lithium very soon...
Dukey, you obviously can't read.
Read the Juno Minerals IPO document. It clearly states that there is a hematite transitional zone on the Mt Ida tenements. I literally have the royalty agreement in my possession and it states iron ore and the tenements collectively referred to as Mt Ida. You are right that the royalty agreement does not apply to Mt Mason, I never said it did. But the hematite continues into the Mt Ida tenements, as soon as Juno makes a decision about the hematite on the Mt Ida tenements the first payment is triggered. Read the link I posted, which is the last Juno quarterly update.
IPO document page 11
Once the development of the Mount Mason project has commenced, Juno will also explore creative options to advance the Mount Ida Magnetite Project. Mount Ida has potential to become a long-life tier one magnetite mine with an almost 1.85 billion tonne Mineral Resource
IPO Document page 32
evaluate the potential to increase hematite DSO Mineral Resources by:
(i) reviewing past geophysical gravity and aeromagnetic data on all Tenements holding the BIF structure, including Mt Ida Tenements;
DYOR
Resistance being smashed now. Very big move coming
Those figures 50% attributable to RRR per JV with ALR
Broken resistance so think we could see the 0.3s next week
All those who thinks I'm gone.....
haha
huge potential here
Ok Dukey time for a battle of wits with an unarmed man..... lets see if you follow this through: it involves what is called Higher Order Effects but you might be able to follow it.
1. I said a step closer, it is a step closer as follows.
2. People say that the royalty agreement with Juno is for Magnetite but it is not: the agreement says iron ore. How do I know? I have a copy in my possession, have read it and discussed with AB.
3. Again, people refer to Mt Ida but, again, that is not correct. The agreement refers to specific tenements and they are listed collectively referred to as Mt Ida.
4. Mt Ida and Mt Mason abut each other. People say that Mt Ida is magnetite and Mt Mason is Hematite but, again, that is not correct.
5. If you read the Juno Minerals IPO document it states that there is a transitional zone of hematite that goes from Mt Mason into Mt Ida. Ie., as part of the Mt Mason hematite DSO project there is hematite on the Mt Ida tenements.
6. The agreement with Anglo Pacific is that $4mil is payable on a financial decision to commercially mine and then another $4mil on start of commercial mining.
7. Obviously, the agreement refers only to the "Mt Ida tenements" but if the hematite on the Mt Ida tenements is included in the Mt Mason DSO hematite project then the payments will be triggered. Anglo Pacific might argue but there we are.
8. In the IPO document it disclosed that Jupiter stopped any further drilling back in 2013 because the resource was already large enough. It is likely that there is more iron ore than disclosed in the previous CPRs. More drilling would be needed.
9. Juno's public position is that it wants to bring Mt Mason into production to fund bringing Mt Ida into production.
10. Juno has publicly said that it is reviewing Mt Ida, restating and finishing off the banking feasibility study and will then seek a JV partner.
11. At Mt Ida there is in excess of 2bn tonnes of ore at about 35% magnetite plus the hematite. Once Anglo has paid up, RRR will retain a 0.75% gross royalty on Mt Ida (NB not a Net Smelter Royalty).
Pretty much all of the above is in the public domain. To bring Mt Mason into production get the Ports gig sorted is key. As I said, one step closer.....
DYOR
xx