Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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everything is possible id guess, and no ta, i moan about the rain in the UK quite a bit but i prefer it to the Namibian dust handsdown.
other thing to,mention was this was a proper job made to last, im guessing our pipeline wont be needed forever so all things being equal it should be quicker.
took me 3 months to design the installation, pump stations were done by other contractors i had the pipe to design. had two teams of surveyors on site scoping the route for me and feeding back what we were crossing levels terrain etc, just over 4 years to build in total once construction started. Most was above ground using 12m socketed lengths on piers with stainless hold downs, so pretty straightforward, its the route that always gives the most difficulty, apart from the pumps which luckily wasnt down to me to sort.
thats a how long is a piece of string auestion, depends on the spec and i have no idea what it is. If, for example, they need a cheap low flowrate overland small pipe for a short distance, they could buy drums of poly and string it out on the surface, breaking it with storage tanks at the heights suitable for the pumps head they have chosen to use. That would be extreamely quick to install using drums and reasonably cheap. But if they want higher flows or more secure pipework (buried or anchored) then your dealing with a different beast alltogeather. Just impossible to say with the details avaliable to me.
What they do need to do is 'soften' their demand and balance it over a 24hr period, that will reduce pipe sizes (cheap install and faster) and reduce pump costs to the most economic level.
Its clearly a bigger issue to them than they say imho, as its taken forever to get the quotes and no pipework has started, in fact they went the borehole route instead, so obviously a few issues to obtain from Orange River.
will depend how much their input flow requirement is realy, the height to lift the water and the distance to push it. Solar wont cut it though, just doesnt have the ooompth. Assume they will recycle (obvious) and use multitanks to lift it and store.
Ive designed bulk water supply pipelines all over the world as a freelance consultant, and been in the UK industry (ps we are not all stupid) for 30 years. Mentioned this a year or two back and got shredded for it. Last one i designed was a 200mile long di overlander in Kazaghstan, its built now.
my ipad just refreshed so missed the confirmation a few mins ago.
Imho, they need to give some detail and progress on the water costs/installation to move this one further. You can have all the resource in the world, but if you cant extract it you have nothing.
let the sceptic have a guess. Each party owns 2.5% each, so the statement cannot be checked?
Pranchlee, not suggesting for a sec that proving up is irrelevant, just its time to get the mine up and running.
The pipeline will take a year+ by most accounts so not imminent .
Even 3p by early summer is a multi bag from here and even that is well short of what many lths have paid.
Given that i`ll keep my powder dry but dont in principal disagree just a tad more cautious maybe.
TP
Pranch,
surely if he owns over 5% as connected individuals they must have Tr1’d?
Proving up the resource will only get us so far. I think most people are now aware that we sit on a pile of Ta.
Perhaps we now need to concentrate on the infra structure to get this mine up and running.
TP
Pranchalee, fire away. I’ll ask the question but if the answer could be construed as ‘insider information’ then Larry simply won’t answer. He does everything absolutely by the book.
Your source must be well connected to get anything out of the company. The ground they’re breaking in the SE was always going to be good but I’d also like to see the homestead resource expanded.
An RNS Monday announcing a director buy by LJ would be good.
Yep. Nice entry point for a cut of a valuable resource.
Non. Ce n'est pas moi.
From all the geological blether that went on 4 years ago and the ‘bible’ I have a high degree of confidence that continued phase 2 drilling will reveal significant mineralisation.
Why build a service road to get at that pegmatite in the SE of the property?!
MSA and Larry know their stuff. Our mine will be operating again, processing our own and artisanal minerals at about the same time that the EU enacts its own Frank Dodd equivalent legislation.
You get out what you put in, as Larry would say.
Hi all, I totally agree with the comments Animal has made - spot on. That is is why phase two drilling is being conducted and why it is so important for KZG future progress. Apparently PH2 drilling costs are covered but I'm sure the global arm will need to contribute to other overheads / running costs. Unfortunately we just need to wait for the next piece of news to become available.
tongue in cheek, it might be 8 years before GC gets the water overlander laid. When was that tender quoted again by the local expert company - 18months back?, no further forward, huuummmm.
Surely the never ending JORC will have (hopefully) extended the 8 year time frame considerably?
If not we`re doomed.
TP
Meaning that no farm in partner’s board are going to justify a £4-5million investment with only 8 years to make it back.
Reading between the lines because that is all we can do right now, I think we’re either heading for a position where we can pay for the pipe ourselves through forward trading of Tantalum and Niobium (a way off). Or, phase 2 drilling de-risks the mine enough for a farm in partner to fund it.
I recall reading that the existing mine life was only 8 years based on what’s been confirmed by phase 1 drilling, not the 20 years that GC boasted of.
Pranchalee, I`ll try , new thread, Cesium was getting tedious.
Apparently we have a licence to extract water from the Orange river. if so why have`nt we financed the start of this obviously vital requirement through third party involvement or a specific cash raise or by trading arm revenue . or are we half way to the mine already?
Still messing about with bore holes but surely thats just a sticking plaster.
Thoughts?
TP