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Pleasure only king!
Great info thanks
I want to try and be strong and stay here until 5p!
Yes it's much, much larger. Key point is we were both trying to get the additional acreage, but it was awarded to us instead of birimian (which became Mali lithium, then Firefinch), even though it's directly next to goulamina. It's not unreasonable to say that we will eventually have far more lithium than them in the region.
"The Bougouni West project covers an area of 200km2 and is located approximately 25km to the west of Kodal’s existing Bougouni Lithium project. The projects are connected by sealed bitumen road, and access throughout the Bougouni West project is good with local road and tracks available.
The Bougouni West project is located in the Bougouni-Sikasso region, and regional studies completed by CSA Global in 2008 identified high-grade lithium bearing pegmatites within the Bougouni-Sikasso region. The study was commissioned and funded by the World Bank as part of the SYSMIN economic development programme.
The Bougouni West project is located immediately adjacent to the Goulamina project owned by ASX listed Birimian Limited (‘Birimian’) which has defined a pegmatite hosted Mineral Resource of 103Mt at 1.34% Li2O. The exploration undertaken by Kodal will focus on the potential extensions to the mineralised structures defined by Birimian’s work as well as explore for parallel and new mineralised structures within the project area. The Company intends to continue its systematic exploration approach to rapidly explore the project area."
Ahh great
Thanks for the replies
Yeah i think the km2 is significantly largee at our play.
They are up to 108m now at goulamina. It was originally similar size to ours, they have done more work on the resource though, our is realistically much larger deposit than we officially have now.
Haha, nae worries.
Hi,
Are Firefinch Ltd mines resources a lot larger than what is expected for Kodal?
does Firefinch Ltd mine have a lot more Lithium resources?
Thanks
Please Jesus
“Please” jesus…
Fifrefinch FFX on ASX, you’re welcome…
Who owns the mine? Are they on the stock market so we can see how the price was affected or was it a private company?
Also puts pressure on other JV lurkers knowing they are on our border now. Goula news is very significant. As you say market still blind to it.
I don’t think market has understood the significance of the goulamina news at all, hugely significant for KOD.
Makes sense they do daza. Set up nicely near kodal infrastructure there, contacts ready to go from FFX prospects. Just start snapping other licneses up.
I agree daza. Shows confidence in mali lith plays doesnt it meaning others may jump on board.
Thanks Mark
Looking at the Mcap of 44mil and using rough maths as Im being lazy, 5p per share would give us an Mcap of about 660mil. Given Lithium in the ground is valued at around 1.5bil on todays prices spread over 8 years, I would say 5p per share would be possible.
However again all depends on future influences. Will the Lithium be worth more as prices go up? Which is likely. How much will it cost to mine it? Gold mine results?
Bigger though will be if we get brought out. Personally I feel if an offer comes in it will be long before we hit 5p and for a lot lower. The key to 5p is not selling out before then.
I'm not sure if it would go much higher than 5p though without further additions.
Only my thoughts.
220,00 tones x 8.5 years...
Sorry
How does that project compare with BOUGOUNI?
what how that project compare to Kodals?
Kodals to be further be invested in next....
so 5P is not too far fetched?
Simply put 10p would put us at a Mcap worth more than all the Lithium we are expected to be able to mine. Therefore given what we know at present suggesting 10p a share shows a lack of understanding.
However..... what the future holds is unknown. Maybe the gold mines will be worth billions. Maybe KOD will purchase more land and strike rich again or maybe the license will get declined and it all fails.
Point is, you can only work on what you know now, with a little hope sprinkled in.
Everyone on here I have no doubt would love 10p, but experience suggests one step at a time.
Nice daza so rather than go for full buyout they putting in laydown fees and taking a % to get it running.