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Hi Shorn
I can only imagine that because Australia has just about finished its 3 month rainy season and all work had stopped. I'm hoping now spring is here the operation will start kicking off again, the RNS's will begin to flow and the SP will take off.
@aprogersen
Hi - we communicated over at ARCM, i am looking at this stock, and checking data flow, plus RNS's and videos.
Many opportunities it would seem, with various option plays (divestment, JV-mining, proving up resources, in good areas close to surface at certain locations), and obviously the key here is copper.
But am wondering why the SP and "chat" is somewhat in the doldrums ?
I sense CCZ are quite widely spread in their operations, is it a case of many balls (of varying quality) in the air at the same time ? And the fact is that any one of them could effect the SP trajectory...?
Are we looking at a time line of forthcoming data release hence a fairly quiet board meanwhile ?
ATB Shorn
hopefully it will aporgerson can't see copper going that higher a lot more, interest rates will be going up next year damping inflation, even alone the Fed will have to kick in, i think be a sharp pull back in commodities. world banks have learned from last crisis, i think things will pan out different from previous charts.
The demand for copper will require a whole host of opportunities to now become commercially viable. Be it lower grade, higher AISC, previously uncommercial projects etc etc
Copper is adundant but also most of the world's copper is really low grade. So while copper and other key elements need to stay financially viable to the demand (manufacturing) side, it needs to be viable for the supply side to mine it. This favours the price balance in favour of the miners going forward as extraction of the lower grade and more expensive to mine resources will need to become more feasible. A key shift.
Nice start here today
Possibly a very bad decision but I have added to ARCM instead of here. It is only £400 - the only cash left in trading a/c - whilst I await another answer from Brisbane. Shall update as and when a few more answers arrive.
Apologies for letting the side down but I feel there is also a bit of breathing space before drilling resumes at Mt Oxide.
@Viable
6-12 months for renewal process as stated on Qld Government website and given the mining friendly jurisdiction in Mt Isa, i dont see why CCZ would not be successful. I also think there is a big push from QLD and especially around Mt Isa to get new Mining projects up and running, especially copper going forward.
https://www.resources.qld.gov.au/mining-resources/initiatives/new-economy-minerals
Old mines, new value
Secondary prospectivity - that is, the examination of previously unconsidered mining opportunities in existing mines - is a key step towards a circular economy. There are a number of previously mined sites in Queensland that have returned to state control that may contain untapped opportunities.
GSQ will collaborate with The University of Queensland to examine a number of sites and the surrounding region to determine their overall potential, in terms of both mineral endowment, and the mining technologies and techniques required to exploit these opportunities. If this analysis returns positive results it could be used to support re-packaging these sites and offering them back to market, perhaps with incentives or collaboration arrangements to address legacy environmental issues.
Hi @viable I agree with your observations about grades but this is the case the world over with (most) of the 'easy' large, high grade deposits spoken for or mined out. Increasing copper consumption will mean that higher prices will be needed as we are already seeing and will make once marginal mines profitable and richly rewarding those positioned early.
Looking at the long term copper weekly chart from 2008/09 to date shows a huge multi-year bullish cup and handle formation in the process of completing which will drive copper price strongly up from here. The pattern low is $4,400 up to the neckline at $9,600 high which if the pattern completes implies a $5,200 uplift or $14,800 price target over the next 2-3 years.
On that basis I'm looking to be positioned in well run explorers with good grades, continuity, near-surface and scale .. if CCZ hit anything at depth at the Big One that is a bonus and if Arya comes off that will be the better still. IF they can get to small scale production at Big One in the next 18-24 months using nearby contract processing and generate some decent free cashflow to fund building this out without dilution then I will be very happy.
ATB APR
@ 18:29
It would be wrong imposing an opinion which could be bullocks.
I'll have another look although any comment could take some time coming.
Until then would-be investors should probe all mines in a 100-mile radius. Offhand they include -
Capricorn
and one to the north of it (was it Mt Helen?)
Eloise
Gunpowder
Mt Isa
Mt Colin
Rocklands
Because grades are now inferior to the halcyon days, say, Okiep it has to be established if all the listed Queensland mines were largely open-pit ops. If moderate grades in sufficient quantities are located at Bid One they have to be near surface to be economical. In effect decisions have to be based on historical data; replication can possibly occur at Mt Oxide.
I remain uncertain as apro well knows. Cangai at one time looked the better bet. It has, however, gone off the boil, i.e. a JV partner seems slow to come forward.
Viable, you are obviously very close to what is happening on site and have a good practical insight into how ore can be extracted. At the opposite end of the spectrum are people who are willing to get in here at 2.5p stg and get out at 5p based on news-flow / speculation. These latter people don't give a f*** whether they have running water onsite or not. You say that Castillo should do "ok". I value your opinion - just bought in today. Anything else you can reveal about your strategy. Huge respect for your detailed knowledge of the area.
@CopperOn
I very nearly pressed the buy button at the bell . . . then suddenly remembered mining lease renewal and having written on it. I therefore again wonder how long it could take and how the license sequence operates. Have come unstuck on this detail before, i.e.
lease > exploration licence > exploitation licence > water licence
It doesn't seem to be bothering anyone else.
Ticking up nicely
The wet season has put a hold on drilling further at the recent discovery, but the company has still got a lot going on behind the scenes at the moment. ROM was hired to model up a Jorc inferred resource and they found further historic evidence supporting the discovery, which in turn I presume CCZ would be looking at these results and establishing new drill targets. The company was also looking at applying for a new mining lease. So a lot of news flow to come leading up to and preparing for the drill program to re start. Any bit of good news will send this into the 3s or more before drilling and when drilling starts then we are off!! A lot of eyes on this stock atm and Copper . I am really looking forward to the coming weeks/months ahead proving up the Big One is not just a name. ;)
Well despite the notes of caution, I just bought in at .2464. I would not call it a strong conviction buy but I think it should have very good upside from this price.
@ 13:28
Nope, but I am shortly going to have a look at DRC, Katanga province. Also taking a refresher on the Kalahari and re-opening of any Namibian copper mines. These are areas well known to me.
CCZ can possibly do well in Queensland. It's just the messing about that bothers me. Also, the so-called rainy season has hardly happened this year. The apparent absence of tracked drill rigs from Brisbane (or wherever) deters me . . . can't get through muddy tracks with them trucks.
I'm close to buying here. Also in ARCM which has done great for me. I think news flow or expected news flow is key to SP gains in mining sector. Hadn't heard of SOLG. Must have a look. Any other strong copper plays?
@ 09:16
MajorT, it was a gold prospect (not Cu) GNM -ASX at Camel Creek, not their Big Rush target. I queried it but was not overly impressed as it is prospectively valued ~500k oz at best. Will be returning to CCZ shortly.
My big hope remains ARCM, as I know the territory, and SOLG to a lesser extent. CCZ should do okay although the CEO keeps on tossing the odd curve ball. Can't understand why he is reviving Cangai at this point. There was a problem there, whatever it was.
Considering buying in here. Holding a few copper plays at the moment but looking for more exposure. Bit more research to do.
Viable, out of interest which WA copper play did your colleague move to?
Ignore my last question, have just found out about zambian assets, had a lazy moment.
Have now put this on my radar apr thanks to your post over on arcm. Have been looking at where to diversify my pf next and this looks like it holds a lot of potential. I like the fact they have plenty happening within the next few months, which like you point out, if it is economically viable, could be a game changer here. Still reading up on ccz but do you know where the zambian assets are located? Many thanks
I'm adding this to my portfolio tomorrow, not a lot but it seems promising. Keeping a close watch on The Big One.
Keep the updates coming. Interesting read.
@ apro - Ta, very much. Have to be very careful here though.
My Aussie geo colleague dumped his holding as he was attracted by a WA gold explorer junior.
He remains interested, however, as he worked onsite or near to it up there.
Update on 6-Mar-21 position
Nothing here has changed for me and I continue to HOLD despite being 20% down on my 0.30p entry which in hindsight was a little toppy HOWEVER the daily chart seems to show the bottom maybe in at 0.215p after a brutal 76% price brake down through uptrend support 0.37p in mid Jan-2021.
Looking forward & drilling is about to restart at the Big One where CCZ have indeed found a high grade shallow copper deposit ... the BIG question is will it be economic? CCZ are doing all the right things in my view with Big One namely:
(1) Infill drilling
(2) application for mining licence
(3) started modelling for JORC compliant resource estimate
IF the bottom is indeed in the daily chart indicates target of around 4.8p (projected from Nov-20 4.35p high) over the next 6-8 weeks which should coincide with expectation of further BO drill results.
This is AIM and CCZ is an Exploration Junior so very high risk but very high reward ... clearly where the SP goes from my target will be 100% driven on those Big One results !
Personally (as I have previously stated) my position is lighter than I was following my top up at ARC Minerals, but this is still a good hold for me from here.
ATB & DYOR APR
My observation is that despite CCZ doing all the right things with good newsflow and good drilling results at the Big One the market just doesn't seem to be giving them the credit for where they are let alone underlying copper price action or indeed good grades near surface.
For CCZ SP to perform drilling results and/or declared resources will be the trigger. From what I can see PS must be really frustrated by SP performance to date and seems to be driving this by sheer force of will which is commendable but I think the market can see that and is punishing the SP for it.
The last RNS was very good with the bold move to declare a JORC compliant resource at BO which is now underway and I think a response to the markets 'lack of trust' in what CCZ has said so far which I think is unwarranted. Also move to 'declare' intent to pursue local toll processing and move to produce from Big One should have moved the SP or at least 'steady the ship' but curiously had the opposite effect which suggests the market does not believe CCZ BoD.
Near-term recovery triggers = drilling proves resource continuity +better grades + decent JORC MRE
I now hold ~10% of my PF here and will look to add when sentiment recovers, if I 'miss the boat' that's on me but it is still a good £chunk so I'm happy with that as CCZ is a great opportunity.
AIMHO & GLA APR