Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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they wont get any issues with locals either, as they are supportive of the mine restarting, have formed a new union and are clammering for the work - the whole area was once one of the wealthiest areas in south africa until that mine shut down and it descended into poverty and despair.
This project to get that mine up and running again, which has millions of ounces underground still has been underway for a a few years now - this tailings project is supported as well and will find plenty of workers queuing up to get on the job.
Ture Kat is not doing this alone, as was kibo LC Tanzania. Blyvoor fully permitted and licenced.. LC will want to seal this deal imo, too much at stake if this slips.
Daily steady Rise in anticipation of JV financing news will be preferable. It seem the the penny has finally dropped. Gla
with 14 bidders - one will definitely be accepted - those involved in the blyvoor mine itself are focused on getting that mine working and this is part of their strategy - they want this to succeed as well - kat is not doing this by themselves and as such is not solely dependent on LC
5p would be 15mil mcap after a 30-35mil deal unlocking 1.3 million oz. 14 bidders currently
Impossible spread .0.3 p .wouldn't surprise me to see a 5p spread after the rns
Due*
Sustaining higher highs. Closed twice above 2.2. hanteti drilling program RNS hopefully next week.
All about the funding making the current Mcap tiny, over die Re-rate
Gold now supporting around 2050
14 bidders looking to fully fund blyvoor
Containing and derisking 1.3mil Oz
700 all in sustaining costs
Production 12-18 months
Working capital and cash until after deal conclusions and drill program
+
Hanteti drilling program due to start shortly.
Stagger payments from sale or imeru - first due shortly
The market starting to realise the profit margins of blyvoor with gold still plus 2050
3p close and we would still be cheap currently
Good summary. Maybe pi's are waiting to jump in once this moves past 3p... Either way interest is building in anticipation of JV news.
https://goldprice.org/live-gold-price.html
Good morning all.
Gold now supporting around 2050
14 bidders looking to fully fund blyvoor
Containing and derisking 1.3mil Oz
700 all in sustaining costs
Production 12-18 months
Working capital and cash until after deal conclusions and drill program
+
Hanteti drilling program due to start shortly.
Stagger payments from sale or imeru - first due shortly
cunningfox
I can't argue with that, we've both definitely been around for too long!?... :)
aerial, you've been around too long LOL, and I can't be bothered reading all the posts.
cunningfox
Said much the same @12:26 :))
LOL, sod all profits in Kibo to come over here i'm afraid, not for a long time anyway, if ever, so keep dreaming
https://goldprice.org/live-gold-price.html
Lower all in sustaining costs ( 700$ ) for tailings than a mine. At 2058$ we're be making 1300+ per Oz.
The price of gold we see this deal done
Profits from kibo will be heading over here no doubt. Gla