Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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"When you start off with a mine do you pick a sh*t place or the best place to start ?" - It would definitely be financially astute to target the Butyrin vein asap. Not only does is have Rh-rich Pentlandite, but it has good grades of other in demand strongly priced metals. Hammer and tong for this season with multiple wash plants to process the ore would potentially be a financial game changer for Eurasia imho. Well, at their in production WK asset anyway.
GLA
Dmitry is such a tease by the way, mentioning the Rhodium in interview like that, dropping just enough info for an inquisitive mind to have a dig around and find the anomalies.
Rhodium anomalies at both assets, $27000 an ounce, what's not to like?
GLA
On the kytlym link, select figures, then look at the geological map picture. It's definitely on Eurasia's land.
Lool at that lovely black area West of Kytlym, marvellous!
GLA
Asleep, why not step it up a notch and think higher
Why not £3.50 special divi and a rerate of WK to £1.50 ?
When you start off with a mine do you pick a sh*t place or the best place to start ?
GLA
PS I made comment early Friday - buy the resistance
I just hope we are provided with adequate information to make a choice whether to retain, sell or keep some of EUA. I suppose it depends on the deal. I mean what if WK was kept and there was a special dividend of £1 as an example. So, the share would relate to say £1.15 implying 15p for WK, so shareholders would have to wait for the Divi, or sell for £1.15 straight away. Of course it could all be sold, but was is the future value of WK? Just thoughts.
Absolutely, I think it looks very good!
I thought I had finished adding to be honest, but I am tempted to find some money from other investments and get some more. I have a slightly odd number at present and stupid as it sounds it is playing havoc with my OCD!
Not even sure how I managed to get an odd number but I have. It was looking at the increasing value of metals and the impact that is having which has made me think about getting a few more.
As I posted yesterday, we are worth $1b more now than when FSP started based on just the proven JORC number of 2.2m oz, and that’s ignoring everything else.....!
$1b......increase in 8 months, more than our current MC.....it’s nuts isn’t it?
GLG
Hate to have to correct you but to be fair he said ‘significant GRADE’ rather than ‘significant amount’.
We may also have a significant amount, it’s just we are not sure at present, however we do have enough for DS to feel it appropriate to mention 3 times in the interview as I have stated before, mostly unprompted. It is clear to me that he wanted that message out there.
We also know that it is a ‘significant contributor to revenue’ at WK.
All excellent news as far as I am concerned. A little odd that the details have not been shared but of course we are in a process and the impact of what we do have could be a key determinant of what happens here and of course how we are valued.
In until the end.
Rhodium -
So chaps , 620 million pounds for every tonne (1000kg) of Rhodium .
Two questions ........
A- How many tonnes do we have ?
B - How many tonnes do we have ?
If we have literally tonnes of the stuff Rowkas £3.50 starts looking easily possible ........ ??
Enjoy the weekend everyone , fingers crossed for an update on Monday or the big one.
I'll Rho that bad boy out a few times through this next week, well, if the FSP news doesn't drop first thing Monday!
Have a good weekend all!
GLA
Listen carefully at the 3:30 - 3:50 area -
https://www.youtube.com/watch?v=d_YMY6yiMDE&feature=youtu.be
WK -
"Consistent with this anomaly, the paragenesis of platinum-group minerals (PGM) includes abundant Pd-bearing PGM, two unnamed phases, (Pd,Fe,Cu,Ni)(9)(S,Hg,As)(8) and Rh(Te,Hg), and alloys in the system Pt-Fe-Cu-Ni"
"Rh-rich pentlandite
KT 150-154 A bis 3 3 0.39 0.00 12.13 24.95 27.12 0.33 0.05 0.00 0.40 31.7 10.36 97.44"
12.3 being the Rhodium.
https://www.researchgate.net/publication/276054678_Unusually_pge-rich_chromitite_in_the_butyrin_vein_of_the_Kytlym_Uralian-Alaskan_complex_northern_urals_Russia
MT -
"positive Pd and Rh anomalies and relatively high Pd/Ir ratios of more than 20"
"supporting a lack of cumulus sulfide, whereas harzburgite from Travyanaya has
higher PGE concentrations and features an enrichment in PPGE relative to IPGE with
positive Pd as well as Rh anomalies and a high Pd/Ir ratio of more than 75". . . . . . .
https://orca.cf.ac.uk/112128/1/Critical%20Controls%20on%20the%20Formation%20of%20Contact-Style%20PGE-.pdf
GLA