Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Deal will be done long before any final results need publishing.
Just to point out that while WK was profitable last year, I don’t think it will be this year because of the reduced output. I’m expecting the 2019 accounts to look fairly poor. Well, just the figures. I’m expecting the ceo report to be very positive!
It will be 18 months or so before we see WK profitable again, and I expect it to make just about enough to cover admin costs, ie net profit to be zero. But, a lot of that admin cost is directed towards selling MT which hopefully will make everything I just said completely moot.
Gold dust give it a rest.
The real opportunity was from around oct 2017 until feb 2018 from memory, they were my favourite days for topping up!.
There were not many people around on this BB back then and the company had nowhere near the interest that it has generated recently.
We also all know the change in metal pricing since back then.
The company is now in a very strong position, when the MT flank license lands then it will be even stronger.
We all talk a lot about MT due to palladiums rally, but we should not forget that WKs area has increased several fold with flank extensions to where it sits now at around 117km squared, It's now a quite a large area at wk and it's already in production!!.
From here, things can only be expanded on the licensing front, more ground and more PGMs. Same on the production front, it can only hopefully be expanded from where we have been, multiple wash plants will hopefully be the WK theme this season.
GLA
Sadly missed that opportunity in Oct (story of my life) so I only see it as flat from when I bought in. Not doing very well playing the stocks tbh. 10k down on 37k investment on various stocks since about Nov 19.
Well is hasn't remained flat though has it, it went from around 0.5p a share to where we are sat now, only further progress will get us to other levels, all of which are quite clearly in the pipeline tbh imho.
GLA
and because of all the 'potentials' the share price remains flat and tiny. We need these miners to realise the so called potentials and give us shareholders something to celebrate.
Eurasia have the special rights to the area, it's just how the russian law works over there -
"As a direct consequence of the issue of the mining right, the Company was entitled, as per Russian sub-soil licensing laws, to apply for further ground in the immediate vicinity of the mining license. This exclusive right is in place to protect parties to which a mineral discovery is credited, in the event that their mineral reserve can be shown to be continuous beyond their production license."
GLA
What some seem to have missed, or just point blank refuse to accept, is that the 1.9Moz is just the start, when the flanks land it goes to approx 15Moz, then there's the possibility that they put in more extension applications -
"To summarise, as per the information from the Russian Cadastre:
· there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;
· additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and
· additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.
The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"
Now do the math on 40Moz, so the possibility for it to grow to such levels is there, whether we get that far or are bought out beforehand no one can say at this point!.
GLA
Here's the tweet, it's a valuation based on producing 20 tons, something which is not currently planned for. Current plan is for circa 4 tons. You'll see it also covers various different prices levels for palladium -
https://twitter.com/GMF782/status/1219620130210054144?s=20
GLA
All for it lol. They probably did put the decimal in wrong place 35p to 45p they probably mean. More realistic.
did they put the decimal point in the wrong place!
Probably stretching it a good bit.......but it would be nice wouldn't it ?
On twitter it was mention £3.50 to £4.50 a share. Im guessing this is garbage