Hi, newbie who has a small position here, while it is great fun to watch the share chat enthusiasim I am just wondering if the reason the share price is not moving is the availability of existing Lithium suppliers. The brine salt extractors are quoting total operating costs of $1330 per ton, REM are suggestihg $2000 per ton. While it is great to see possible good reserves, these are still in the ground and Bacanora do not seem to be in any hurry to start extracting. It is looking like any upsurge in demand will be filled quite easily by existing miners and at a cheaper cost.
Just under 1p. Interestingly my first buy was at 1p as it came down from the 2013 spike (sorry gfb) and I've averaged down and back up again. There is a temptation to keep piling in but my original 100,000 is now over 3m so I think I'm going to sit tight and maybe diversify a bit more - NIPT is looking interesting. Have a good evening, all.
Not looking good? It's looking great. RNS after positive RNS, our position grows stronger and stronger in Australia, we await our PFS from Sonora and it will soon be warming up in Greenland. Even the most basic calculations give us a value around 6p based on Kiran's rough idea of Yangibana at perhaps 4p and our recent broker estimate of Sonora at 2.8p target (based on Fleur and El Sauz alone) I would say that the only thing not looking good is the amount of available funds I can divert into my ISA for this gem - and your analysis.
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