Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Agreed User. I added a couple of million more today. I expect the Board to be strengthened imminently and news on Ragged Range plus Alford East etc…
Exciting times.....
Frustrating it came back to this level over the last week or so. I guess some quick buck players only wanting a small profit.... so much more to come here.
Thank you
Thanks all. It just kinda confuses me.
So is it more speculative or is it based on assets and the value? I understand thr have identified or confirmed more potential assets over recent drills and I was wondering if that directly add's to assets
Value of battery metals in new electric cars surges 177% year-on-year - MINING.COM
Chinese lithium carbonate hits all-time high again in post-holiday market | S&P Global Platts (spglobal.com)
Re Market Cap.
How and who does that change? Is this something in the control of the exchange, the accountants or the company? Sorry if a noob question...
Now we’ve got to add lithium to the gold, uranium, vanadium, copper, tungsten and nickel?
Seems a lot for £16m MCAP!?
https://hotcopper.com.au/threads/pilbara-lithium-upcoming-drilling.6318648/
Thor next door.
Interesting.
good start
.95 paid
Broke the equivalent of 1p mid trading then came back a bit. Should be some nice news in the next few days that will be a part of the presentation otherwise why have another one so soon?
Nice 2,000,000 buy just before close!
Good to see a bit of steady buying. I know that a lot of PIs have this on their radar, just a case of giving them a reason to jump in. Don’t think it can go much lower before the news flow starts pouring in.
Buys beat sells 10-1 in Aus overnight but on low volume. I was hoping for RNS today but hopefully this week.
Great stuff! Would add that results for Kapunda could also be in, drilling should be done by end Oct.
Gold - infill soil and stream results this week or next - start of grant funded 4000m RC drilling in October
Copper AE - awaiting final drill results, results of hydro geology work due Oct
Uranium - awaiting permit to drill (enviro permit now received), RC drilling along known high grade and untested areas
Tungsten - diamond drilling programme for resource optimisation
31st Aug ‘ all assay results anticipated in approximately 4 weeks.
Pump testing for initial hydrogeological baseline work forming part of the 'proof of concept' for ISR, including water characteristics, porosity, and permeability testing is scheduled for start of September. Preliminary hydrometallurgical studies by Mining and Process Solutions (MPS) on potential lixiviants for copper and gold recovery will commence once ground water samples are received. This work is all co-funded by the SA Government Accelerated Discovery Grant (ADI) of A$300,000.’
Without news it was inevitable that this would come back a bit and retest 0.875. I see this bouncing this week and moving higher towards, then past 1p.
So much for the last chance under a penny mob. I hope too many were not caught out.
I don't see why you wouldn't do a JORC on the gold unless its $1B known extractable. Current conservative estimates are £120m and more to be developed, JORC would be a significant boon to a company our size.
Gold news could come in anytime, don't forget targeted start of production was scheduled for Q4 which I just don't see but there you go. I'm also expecting big news on Copper next month including details on production plans. Similarly the expectation on Uranium permitting has been pushed back but could drop anytime. This could lead to a 'hype ramp' as you say (good start with £1b mcap ;-)) but this should be underpinned by material news elsewhere.
Uranium is an obvious JORC because it is what it is, maybe a hype ramp to 100M+ MKT CAP simply because hype is hype and we are on USA OTC as well so /shrug. But yeah USA stocks really ramp up crazy and nuke stuff and China and well we'll see.
JORC on gold generally requires a minimum of $1B known extractable before its even looked at & even then location location location (So Hmmm nada till other.) As for the that locals Nickel and Chrome, well that needs an independent estimate which the latest raise was related to so whatever whenever & cross those fingers.
This part totally speculative'ish - ONCE the enviro side is sorted then it's a whole different ball game as, unlike conventional pit/mine limitations, surface level leaching/extraction is only really restricted by suitable environments & the amount of vehicles/people you have available (not to forget it also leaches GOLD, est was around $100M as a biproduct of the copper extraction which is cool.) The other thing to consider is the proof of concept/viability so more value from vested interest in Enviro. Realistically, given the duality of an Enviro success I'd expect to see the MKT CAP exceed a billion - and no I'm not joking because if it does work then current "GREEN" forces will be on it like mad, media will go ape, hype (plus USA OTC) and it's no-where near as problematic as initiating open pits and mine production (plus NO clean-up costs etc.) Yes I am here for the Enviro/copper anything else is a bonus.
I'm looking for around 3p / £50m. The Uranium should provide a uptick and get us on the radar once the permitting goes through, but its the copper and gold that should move along materially in the next couple of months.
THR have massive exposure to copper and uranium. do you think these two alone can bring THR to 100m mcap next year? especially on booming copper and uranium price.
whats other people target here?