Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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As suggested the deal has been rejected by AA as opportunistic, I suppose with copper prices going up and up they want more! Surely someone will see eventually some value in xtr so we long term sufferers can get our investment back and a little sweetener too. For me it's almost ten years of limbo.
One minor thing I picked up on from one of the other of the group’s podcasts was CB stating they ‘have’ to report on each drill hole under AIM disclosure. I questioned this approach to marketing in an earlier post suggesting a saturated PR drive may be indicative towards a fund raise coming. So that simply may not be the case if reporting on every hole and associated technicals is seen again.
No doubt due to the volatility of AIM stocks with regs in place to protect investors from wild swings in share price.
Https://www.datacenterdynamics.com/en/news/tesla-spent-1bn-on-ai-infrastructure-in-q1-elon-musk-posits-using-cars-as-distributed-compute/
Lack of new supply and the demand is only going to increase. A.I is creating massive new demand and now, not in the future.
" towards a huge bet by BHP on a Copper Bull market for years to come ?!"
Yes agreed.
Not sure if this bid by BHP is in its self good or bad for XTR, but the sentiment behind it does seem to support the thesis that copper demand and price, is only one way in the future.
But is the future the next 6 months or 2 years :) ??
Perhaps Mr Colin Bird believes that BHP head honchos took inspiration from his Sunday Roast Uber Bullish Copper interviews to inspire them to go after merging with Anglo.. towards a huge bet by BHP on a Copper Bull market for years to come ?!
If it ever happens. Highly conditional on AA shareholders agreeing to split the company and keep the crappy bit.
I'm assuming Colin will be in advanced talks with AA now that CU is $10000pt.
Not holding my breath though
BHP have made the bid because they want to beef up their copper exposure, all good for those with copper assets.
Just read BHP and AA merging!
Good or bad for xtr?
Roast PR are using this new ‘preferred’ format with Charles Archer asking the questions to cover each of the companies in the group. Should be Xtr to follow to hopefully start reporting on the new campains particularly with updates on older ones too.
He did one on GLR today and again mentions NW Zambia.
AFP podcast yesterday with Colin and Martyn Churchouse discussing AFP in general but reference the whole group of companies. Western Foreland chat is quite XTR relevant, with a couple of interesting comments, first on their Ongombo project that ‘could be’ a hint at XTR contributing toward financing a small mining operation start up. A reminder he mentioned Ongombo by name at GM as a further project the company are looking at.
Other comment was BHP offering a US$1B to Ivanhoe for their DRC copper project in the western foreland in ‘21.
https://podcasts.google.com?feed=aHR0cHM6Ly9hdWRpb2Jvb20uY29tL2NoYW5uZWxzLzUwNjQ0MzcucnNz&episode=dGFnOmF1ZGlvYm9vbS5jb20sMjAyNC0wNC0xODovcG9zdHMvODQ5MjgyMQ%3D%3D
Worth a listen.
Early estimates after aquisition of the western foreland licenses on direct savings expected to be made from access to Anglo’s historic data pack, were first estimated to be US$1.5M in direct exploration costs during the first Phase 1 of the Joint Venture.
Those estimates are now expected to be a US$3m saving and the historic data is leading towards saving two years in early exploration too.
Sounds promising and can begin to understand now why Tolai of Cooperlemon in the Zambian special podcast had said they ‘expect’ to see results when drilling commenced.
Wouldn’t even like to guess foz
Doubt will get any kind of update until financial model has been reworked from resulting ongoing work.
That is:
Further studies are being undertaken focused on:
-Optimising Plant throughput capacity
-Metallurgical recovery and early stage waste separation
-Rationalisation of proposed CapEx
-Improvement in OpEx following the abovementioned reviews
HZ, when will we be getting a BR update, what is the date?
F100
Boring wait, but at least there is no desperate need to sell BR with income from the Manica disposal being drip fed in until ‘ 27 that will cover the ongoing operational expenses.
Bobs feedback comment from the recent GM that, “there seems to be an exit strategy from AA that is not too expensive” to me implies that they will negotiate a manoeuvre that allows them out of the AA buy back option agreement, retaining ownership. They would then be capable of offering BR to the global market but I would say only once, the fully updated Conceptual study is complete.
They would want to get BR as far up the value curve as possible before an official approach to AA. And that must be at this next study level as from ‘then on,’ any increase in asset value will cost many more millions in drilling but that value will be negated to a high degree through the resulting need of partner funding.
All theoretical based on the ongoing studies for BR so likely be down to one of the other assets to get the share price moving up.
Wake us up when it's 15.
Copper $10,000 a tonne and all are asleep
All very boring..
Https://www.fxempire.com/forecasts/article/missed-out-on-the-gold-rally-heres-another-commodity-on-the-verge-of-a-major-boom-1424971
Could this finally be it.
There are other types of sorting tech to choose from btw so could well be a different company than NextOre to trial. Any of which must be able to detect either the copperl, a proxy for it or a gangue mineral for rejection. So options are not limited.
But as I said, as BR mineralisation is in association with pyrite/pyrrhotite, considered gangue or waste material. Its metallic/magnetic materials properties could be suitable for rejection.
still grates me how they should have known that with br’s copper being disseminated in that ****geneous matrix that cb eventually admitted, these ore type are typically not amenable to pre-concentration. but tomra is the preferred tech for this “usual” ore type as did show was ok for sorting the lower grades.
however , he did tell us about rc’s magnetic properties of its waste material being likely suitable as a candidate for sorting ‘before’ tomra were sent samples.
so am expecting they are now looking at a company called nextore that produce an on-conveyor mr analyser bulk ore sorter which is the tech trialled at cadia and a big mine in chile. it has been successfully trialed by scanning chalcopyrite copper ore grade which is far less magnetic than br’s waste material, which could see the magnetic resonance tech target the racecourse high grade portion waste material for detection and separation in the pre-concentration needed for a viable small mine concept they will hope to verify as this is where the significant reductions in capex and op costs will significantly improve npv.
you can bet on it br will be worth more than $20m if they nail on proof of concept for pre-concentration of the higher grade.
" The Bushranger Study concluded that the highest post tax NPV8 of AU$363m (NPV10 - AU$265m) processes ore above 0.10% CuEq at 20mtpa with a sale price of US$11,000/t."
If Copper does go to $15K/t we are going to get more than $20M for BR imho.
BR will get sold eventually but I think the sale price will be in line with what we thought Manica was worth and what we got for it. And if we get a deal like that one will it even move the SP ?
Rainbow chasing in Zambia will raise the SP, along with a CB waffle campaign, sex sells as they say, married life doesn't....
Https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/
Every corporate analyst seems to think $15K a tonne is coming...but the disagreement seems to be on the times scales.
Varies between 2025 2026 2027 or 2028
A long wait if it is 2027+ but I'm sure BR will get sold within those times scales and we will eventually see 4 to 6p again.
Maybe more?
For me, bottom drawer until then