Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Ah yes sharetrader123. Couple years behind GGP is in 1st paragraph :)
Chicken Brad stated that he felt we were 2 years behind Greatland Gold.
Brad on the last webinar stated that it's a 4-5 year project from that point and he also stated we are a couple of years off where greatland are (not saying we will do a greatland but there is a chance of doing something similar from our current mcap/ if Anza proves to be fruitful). The terms of deal are in place on omi's website if you want to check it out.
I don't think those terms are completely set in stone, they are more a timeline that could be accelerated at any point if the majors wanted, as is the complete take out of Anza if they like what they see (may never happen). For instance, majors weren't meant to be in operational control until next year when they moved to 51pc of Anza however they chose too bearing in mind Omi still have 100pc ownership at this point.
Remember majors will be moving to 51pc next year and committing 20million MINIMUM and committing to a PFS. The blegs and new areas aren't for show. This data will be used for coming drills. This is why I think it could get quite tasty at Anza shortly and to me it's looking like a multi area drill campaign coming as reference keeps getting made to licences/ access permits.
Yes Webbs I think they were earmarked for early 2021 but sure we were only drilling Apta so did Omi really need them at that point? On that note though you are right to point out there has been delays and a shift in timeline but majors may decide to catch up. Food for thought... and one of the reasons why I think they want them for this year's campaign and for this next drill being multi area/ multi-rig .
Putting things into perspective we have another 6 areas to explore and looking at the land package in time there may be other areas identified. We have also only a tenth of drilling that Buritica has had and the knowledgeable will know just how much of a monster that turned out to be, just up the road as well.
Alot has been made of the outstanding assays at Apta and that of the LOI delay. Remember a rig has been left at Apta to increase the resource potential there which will be quietly going about its work but the main focus and where we as shareholders will get value is from multiple strikes in multiple areas at Anza. One thing I can promise is there is going to be alot more drilling going on here in the future. The outstanding assays and LOI are merely sideshows to the potential that the majors will want to unlock at Anza.
Chickenlegs, sounds like you're saying a FS is 8 years away. Have I miss understood?
The licenses were supposed to be granted beginning of this year, and parts are in a Protected area still.
It's worth noting as well we are in 4th year of phase 1. At the end of phase 1 the majors will earn majority stake of 51pc to Omi 49pc. At beginning of phase 2 Omi will receive $2million and over the continuing 4 years the majors will spend a minimum of $20million on Anza (4mil a year and a bonus 4mil). During phase 2 a pre-feasibility also has to be done. At the end of phase 2 majors increase to 65pc of Anza and Omi 35pc and then the next four years majors have to complete a feasibility study in order to secure the extra 10pc of the project. This is a big year for Omi and for Anza, there will be plenty drilling afoot hence why there is working on licences to granted status, the blegs are being carried out etc. Majors want every inch of Anza coveted.
Yes, $2m payment due by end of 2022, so approx this time next year. Warrant money will also be coming in by that time.
Reminder that there are around 10 million warrants at 25.5p still to be exercised and these expire in Dec 2022. Brad will be keen to get these into the money and hence exercised within the coming year to help bolster the OMI cash reserves. Join the dots for where the SP will be going in coming year…..
If he’s spending money at that rate with nothing to show SP wise would rather he doesn’t bother with the Tin. And save the money for low ball offer that’s more then likely to come in time.
Don't we also get a $2m payment from Monte Aguila in 11 months time?
Too be honest I couldn’t believe the cash burn, Brad been having a few Champagne lunches on the business card.
Cash runway is something to keep an eye on Sotolo. Main part of this was moving to tsxv which will bring some cost savings/ may help with funding in future - never know might bring a renewed interest across the pond (maybe). Alot of this update was reiterating what we already know - what it had done has reminded us about the solid finds at Apta, that blegs brought us a couple of new exploration areas and that this data will be used for future drills in the next couple of quarters. Licences are progressing and they have been active searching for other JVs in South America. Tin is obvious one but will there be another? Just need to get the handover over the line and things will pick up.
Mapp has no clue.
She is just a mupped
Brad has spent £950k over 5 months whilst in Anza. Remember his last video and what he was advancing locally.
Expect further license news besides core results guys.
He's the same everywhere - don't sweat it.
Keep your eyes on the prize.
LME ZINC RISES AS MUCH AS 12% AFTER EUROPE SMELTER CURBS
Wondering if mapp and sotolo are actually in the same room together.
Or the same person.
Sotolo I was here pre 4p days and I don’t post negatively. I suppose the difference is that I actually was here holding stock then and I doubt somebody with your negative nature would ever be in that position and I am surely on the ball with this as back then it was the same negative comments coming from different angles who I’m sure all lost out as they never held then either.
Just pointing that out. Transparent players.
Business as usual? Oh dear.
She is still here.
Looks to me as though the share price may also be under pressure as Burning cash a bit too fast, the company had $7m at end of May, now $5.7m so $1.3m gone in 4 ½ months which if continued is a stunning $3.5m a year. What is that spent on, as it will run out in 18months at this rate despite the big fund raising last year.
Standard update and all still on track. Just the usual waiting game for now...Still would hope the sp will start a gradual move back up as we await drilling/other project news to drop. The present sp is way undervalued with what we know imo.
All positive. Just need those assays.
Down she goes again more false hope
Good to hear:
The Company has also been examining new business opportunities in South America, and on July 7th, 2021, it announced that it had entered into a non-binding Letter of Intent in order to establish a joint venture on a tin project in Rhondonia state in Brazil. The parties are progressing matters.
RNS update issued.
Who’s the joker that done a code 1 lol
Looking promising. Be nice to end the week with a blue day.