Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Snowking,
In response to your post of 19.56 from yesterday stating 'the spodumene is really special at zulu and is higher grade than 6% so will get a premium price , prem confirmed that to me.'
That is incredibly reassuring to know. However until it is provided in a RNS I will stick to the 1.06% provided in previous RNSs. If *************** had told us in the past had come to pass, I think there is a good chance we would all be retired by now.
Given the spodumene is so special its an absolute shame GR can't get a drilling programme in place to progress the DFS, let along get some lithium out of the ground.
Bickmaster
Hi Snowking, yes I'm sure we'll get news from the company one day but what I was referring to, and here I should have been specific, was the quality of the Spodumene. How do any of us know that it is of a high grade if all we have is just gossip and no official confirmation?
Rampers out in force led by the ever so trustworthy SK... this is all deja vu. Whispers of a big meeting??? GR was down the hardware shop buying a bigger spade!
If GR is doing a deal just now then it's just another flip-flopping of strategy and AT THIS STAGE it won't be good for holders. Having committed to owning 100% until the DFS is completed, he should stick to his word... otherwise, it's likely to be a dodgy deal with one of his mates. Or does he think the DFS is going to be worse than hoped for? (and he still hasn't cleared up how he is going to pay for the extended DFS).
Spodumene prices are totally irrelevant at this stage - how many years will it be before any is actually produced. And if it is the case that the price is going to be way higher in a couple of years then it's just another reason not to do a deal now.
I think he's spending his time trying to cobble up some restructuring (that's what he does) which is going to complicated and unnecessary.
What he needs to focus on and what we all want to hear about and see evidence of is the drilling starting for the DFS!
BEWARE RAMPERS!
Shiny , to be fair to prem , they did say news would be end of June , so let’s see what happens next 10 days
Acker , it will only be a manipulated rise if there is no substance to it , but already spodumene price is rising , so let’s see what comes out . Buying chunks of 50 m shares does not look like a manipulation , looks more a leak of some sort .
Hi Snowking, I might be wrong but I feel that Bickmaster (and everyone else) were looking for some kind of official confirmation from the company. As usual it's down to their abysmal communication record.
Bickmaster , what tedoby said is correct , the spodumene is really special at zulu and is higher grade than 6% so will get a premium price , prem confirmed that to me
Good posts chaps.
An interesting read here from the " In its review of large capacity batteries, the US Department of Energy shows manganese in a table with its cathode element peers such as nickel, lithium and cobalt as having by far the most supply stability."
https://www.miningweekly.com/article/white-house-highlights-manganese-as-potential-preferred-battery-element-contender-2021-06-14
Has anyone read further into this report 250 pages long but if someone has nothing to do today go for it.
Don't know if PREM are exploring maganese but if they are will be of benefit.
The US has to be less relient on overseas mining of rare earth and other needed minerals . Can't see it effecting PREM and it's activities.
Very positive and unexpected price movements on Friday. Let's hope there's some substance behind it and we get further news in a timely manner to keep the momentum going.
Tedoby, you state below that ''Zulu's Spodumene has been tested .to show it's higher than 7% grade. It should therefore be more attractive and command a premium to the normal market prices.'' Can you let me know where this was RNSd is as I must have missed it previously. I am aware certain samples showed up to 4% Lithium concentrations for certain strike intersections but lets not forget these intersections are for short distanced and the inferred resource at the moment is 20.1 million tonnes grading 1.06% Li2O. The current DFS programme will not doubt increase the size of the resources and if the grading can also be improved that would be a major bonus. Notwithstanding this, my understanding is PREM will still have to run and refine its material to get it to the 6% suitable to sell on to third parties. At the end of the day the 6% market is the 6% market and I do not see buyers paying a premium above market rates. The benefit for PREM would be lower production costs rather than achieve a higher sales price.
Let's hope the news that will hopefully be forthcoming in the next 2 weeks (my expectation is early July) is actually some proper news and not some type of corporate restructuring which doesn't provide any transparency or benefit to shareholders. We need real news, not a moving of the goalposts to try to paint over the lack of delivery on the current drilling programme. I am still wary of GRs ties to Circum and MNH and would not want to see a deal where PREM gives away a percentage of Zulu as part of a larger deal involving Dattels rather than doing something competitively via the market. I've said it before and I will say it again, PREM shareholders have been funding Circum and MNH for some time now with absolutely no benefit when the money should have been spent on progressing the Zulu DFS.
Fingers crossed for the near term future and I may even take another 10m of these this week or early next week, depending on price.
Bickmaster
Great posts today guys!
So good to see some sensible and informative discussion on this thread. Such a shame that we have to wait for Saturday to see it. So many miseries posting in the week blaming GR for everything . Unfortunately, like attracts like which is also why we have the more positive and knowledgeable posters like tedoby posting today of course :) Good to see you posting tedoby.
Spodumene prices up... George will be happy. The jump might be caused or fear of inflation. Supply is getting drying up slightly due to over promises by South America lithium producers.
Timing is key. If supply and demand aren't equal I think $2300 a ton could be possible.
Lots of new mines will open however like prem they need to be in time and have funding to pay startup costs. Will they all reach in time, I think not hence a large rise in the price of spodumene which is ready to deliver.
Excellent post Tedoby
Very significant factors in the future of Zulu.
Great Post Snowking,
I wholeheartedly agree, something significant is in the offing with buying like that..
Fill your boots everyone at these prices!!
Tedoby , i highlighted the spodumene price rise to Prem today and they replied and agreed with your comments Tedoby.
They agree that Zulu Spodumene is high grade and will get a higher market price.
Great posts tedoby.
I'm building up my holding on this stock each month. Great value at current price given the aforementioned potential.
GLA
There are accelerators with the warrants so if the current drill samples look positive before grades announced, this could jump quickly.
I'm aligned with your comments Snowking.
I think the outlook for battery grade Spodumene (6%) has never been more bullish and perhaps $1500/t for Zulu's come the day might even be conservative.
Just my take.
Always good to get informative and positive posts, thanks guys.
Tedoby ,
welcome back , your input to the technical side is always very wellcome.
Where do you see Spodumene going in three years time when production should start at Zulu and any idea of likely volumes from Zulu .
Excellent informative post
Nice post Snowking and a very useful update.
Two things to mention that will set Zulu above its peers abs they are.
Firstly Zulu's Spodumene has been tested to show it's higher than 7% grade. It should therefore be more attractive and comand a premium to the normal market prices.
And secondly Zulu’s costs should be less than its competitors for two reasons. Zulu will have Tantalum in its Concentrate.we know from the Scoping Sudy Ta is present at grades of up to 200 ppm. It's much higher value will be taken as a cost cedit collected at the Convertor off the mine site whatever the Concentrate is shipped to.
Also unlike it's competitors Zulu's Pegmatite contains very little iron. This means the production process will not need a demagnetising line to remove any Fe .
These two metrics should make quite a difference in any codt appraisal .
AIMHO
https://www.fastmarkets.com/Article/3994539/GLOBAL-LITHIUM-WRAP-Hydroxide-prices-post-gains-on-supply-constraints
The one fctor that will dominate Prem shares over the coming years is the price of Spodumene . It has done over 100% from a low at xmas and we see it starting to break $700 / tone .
If we see $1000 by the end of the year then Prem will become a cash cow . Some hope for $1500 by th time Prem go into production.
Just think ahead to a few months when Prem gets its first drill results and say Spodumene is $800 . By the time the DFS is completed and calculations made on how profitable a mien , do you really think the shares will be less than 0.2p .
There are two variables leading up to completion of DFS
1. Price of Spodumene : To put in context the Austrlian Lithium mien has a break even at $300/ tonne and we are looking to see prices in next year of $1000 .
2. Success of drilling programme. Well what is the track record for Prem @ 69/70 wells already drilled in Zulu positive for Lithium. With some of the highest ever lithium samples of 4% found (typical is around 1%.
So take your positions and watch the ride . You can see what Prem shares can do , they have a habit of multi bagging over short periods.
If the buyer return on Monday then we will be back over 0.2p in a blink . We will get an update in the next 10 days i was wrong this did not come last week. But clearly something is happening and could be very big but that is an assumption .
Several long terms shareholders have been topping up and So have i . This could be spectacular and one can not ignore the fridays massive individual buys.
If you look back to early in the year , the buying of Prem that took it to 0.1 was before the EPO and we are seeing similar buying on friday , so it makes you think is this buying pre news.
The rise in Spodumene is super exciting to add to what ever good is coming .
Acker you kindly post the Manganese price from Jupiter but i think Prem is going to find Zulu an lithium will dwarf MNH and we can leave MNH until next year.
So here is to 0.5p sooner than we may realise.