Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Worth a scan if you've not already.
https://www.boliden.com/globalassets/operations/exploration/mineral-resources-and-mineral-reserves-pdf/resources-and-reserves-aitik-2018-12-31.pdf
2017 - Total - 1 148 000 - 0.14 [g/t au] - 1.2 [g/t ag] - 0.22% [cu]
2018 - Total - 1 161 000 - 0.14 [g/t au] - 1.2 [g/t ag] - 0.23% [cu]
Shows BR could well still be profitable when the near surface 'high-grade' shiz is depleted.
Hopefully Bird is not BS'ing us when he stated the near surface volume could pay off capex in 4/5yrs. Decent bit of profit after that then go deeper if cu price is still decent, which it should be.
Only other 'near term' energy solution will be RR's SMR reactors and they are years away from being up and running.
Yes Ma i get your drift lol
Been heavily involved for sometime and have followed all that you have.
We know what we have minimum at Oz however until someone buys this for the liquid stuff then we cannot apply the cash is king scenario. We know it's there but still in the ground. Probably too big of a project for a minow like us to take on board. Therefore at present this remains in the non tangible bracket ( My opinion ).
As for the rest, yes agree that is tangible but not enough for confidence and to take up the Mcap value to the levels that we are all hoping for. Perhaps undervalued at present which i would put down to the current climate conditions.( Not refering to the weather either).
Another contributer i would say is CB who consistently doesn't meet tme scales which should be easily managed by himself . Maybe if he was a little less excitable then there might not be so much disapointment on expectation. All being said, i'm happy to keep topping up at present. PS i like you too.
Need to prove its viable first!
Very confident though, we will see favourable break even points across the range of copper sale prices from the high grade material that will hopefully be what shows BR to be economically viable.
Other examples locally, Cadia had far more gold initially and with Boda, it will be its really high grade breccia zone that comes to surface that will make the resource initially economic to start up. Elsewhere as a better example of a copper dominant porphyry deposit, when mining at Aitik in Sweden started in the 60’s I believe, it had a small reserve of 50mt, by 1998 the mine had yielded 300mt of ore. As of November 2009, ore reserves were 747mt grading was consistent still at 0.25% of copper and 0.14g per tonne of gold Copper is and has always been the most valuable commodity in Aitik, accounting for about 80 % of the revenue. The second is Gold at 15%, followed by Silver at 5%.
Aitik was small scale at first that grew its operation massively over many years, BR will be taken to market with about a billion tonnes resource with economy of scale.
A significant factor to consider too, Ascot, could play a big part in contributing significantly to the financial model if needed, to improve on the economics, with the gold systems being bought into play along with establishing the high grade crown which is still to be found. Is very reassuring.
Hello Ma
Good to meet you
Totally agree with you
The only issue is, we don't have it to touch and feel yet.
That's where the problem lies (unconfirmed assurances )
CB is selling the dream and a nice dream
Until he makes it a reality , it will remain a dream.
Myself, i will continue to top up as the gamble is a fair one and tips in our favour.
In for a penny as they say.
Well worth investing iffff you can afford to lose it ( My wise words ) or stay as you are.
Value-
Was mentioned that AA will want to see the hard numbers and that the company are heading toward funding. ( Xtracts 20% contribution ) The reality of that could attract greater project value.
“Viability over quantum”
>>>The ability to attract funding for the capital expenditure and initial working capital requirements of a mining project is also crucial. Projects with a funding solution in place are inherently worth more than ones without.
Valuing-
Is very likely the NPV will be derived from a DCF model.
PFS -
You can start to see where the quality of the work and the project decision making from the experienced team comes into building the resource and why. In the past CB has spoken about what the team are doing with the quality of their work being second to none with the data pack they are putting together that will be good enough for any major.
-Valuation of projects
https://insights.csaglobal.com/valuation-of-exploration-projects/
-Why pre feasibility studies are important
https://insights.csaglobal.com/why-pfs-really-matter/
-Market value v NPV
https://insights.csaglobal.com/market-value-doesnt-match-npv/
Rolls Royce is tangible
The Rolls Royce may look great, but lets hope if you lift up the bonnet it has an engine in it :)
For those interested I was informed a few years ago that a outlet like Proactive would charge a company circa £30k a year for their 'services' this would include media interviews, written coverage and 2 presentation events (usually in London)
Every now and then you will see an AIM company issue shares to what they describe as ' a service provided' often to the value IRO of £30k.
Over recent times I have noticed companies prefer to spread the PR across a number of providers, Stockbox, Crux, Sharetalk and Roast come to mind - my bet is a company will budget £30k-£40k for PR.
Cost for a stand at the UK Investor Show as an example was IRO £5k for the day a couple of years ago, more prestigious events over 2 or 3 days like Mines and Money were circa £20k.
I would imagine a 30 minute interview by Roast or Zak would cost a relatively modest sum therefore.
In all honesty, ‘any’ good news is still going to be wasted in this economic environment right now, yes it may create some immediate buying pressure, but as we have seen over the past six to 9 months, it will inevitably pull back again under what has always been minimal selling pressure. So when tighter monetary policies are eased and there is more stability in leading economies, buying confidence will finally return.
An RNS to announce a company asset presentation? Current investors will have all they need to know already and potential new investors should be making the company website their first port of call anyway, so I don’t really see the benefit.
A question for Bird at the AGM, I'd like to know how we are paying them too! - Could well be the roast team dumping shares of late...
So what are we, shareholders, paying Roast & Zak for in their PR role?
"Right individuals in place across all his companies......"
Problem is that a lot of those capable people are sread over many of CB's companies. Do a spreasheet, companies, obviously not all 20 +, across the top, list of directors against each company below and look for commonality!
Well well, Dani Baker, used to love him on the radio in the nineties
CB has the right individuals in place across all his companies with the specific capabilities, values, and experience to manage and move projects forward. If he couldn’t keep on top of his own workload across his various companies, he is astute enough to do something about it. If it were at the detriment of any those particular businesses. ??As an example, he stepped down from jubilee metals as at that time he felt a more suitable candidate with different set of skills would be better for them in the next phase of their evolution as a company. CB admitted his skills were more appropriate to companies which are at an earlier stage of their development.
He has vast experience needed to grow xtract into a ‘sustainable’ mining and exploration company, now that the company is at a pivotal point in its own development. There will be increasing, positive cash flow to sustain that growth now.
Succession planning, I hope not! Just be another CB, spread so thin he would be hardly visible, as CB is!
MD of a company in the Nordic area and talking about Zambia, how does that work?
What CB’s companies need is individual attention, not “today is Wednesday so it must be TIR” or such like. Less of the thin spread and more attention to getting some shareholder returns, sadly lacking across the board of CB companies currently.
Don’t forget Caerus Minerals in Cyprus. JV with Bzt and either JLP or GLR, not sure which, but that went stunningly well!
https://www.google.co.uk/search?q=Martyn+Churchouse&rls=com.microsoft:en-GB:{referrer:source?}&ie=UTF-8&oe=UTF-8&sourceid=ie7&rlz=1I7ADFA_en#fpstate=ive&vld=cid:c5fe43b8,vid:1oetnrw5u0w
Comes across OK - Certainly seems more pragmatic than Bird
Not sure how up to date this is but here’s some background on Martin Churchouse:
Martyn is a geologist with over 35 years’ experience in Europe and Africa in exploration, mine development, feasibility and as a mine manager. He worked for Anglo American and Gold Fields before joining the Junior Mining Sector and has been involved in bringing several exploration companies to the AIM Market. Martyn was an adviser to Georgian Mining Corporation prior to which he was Senior Adviser New Business Development to Lundin Mining Corporation. He has been responsible for a number of discoveries and successful definitive feasibility studies.
Ours was also prepared by Martyn Churchouse.
MC has some involvement in a number of CBs companies and is MD of Kendrick Resources. He was on the Sunday roast talking about our latest Zambia asset
Succession planning by CB??
New Corporate presentations have appeared across a number of Colin’s companies over the last few days. None of them announced / RNS’d , but the websites updated at the same time
The Galileo one appears to have been prepared by Martyn Churchouse. They are all in a very similar style
Perhaps this points to a new approach to marketing / commas.
Great first post MaBaker
Very similar to the first post by Dani and Russiangirl and Bauhaus :)
Year lows.... anyone have any opinions?
Aeris post from last Saturday 20.07
>>>The RNS mentions that a 250 tonne bulk sample is being analysed at Kabwe. Possibly at Jubilee’s Sable plant
Spot on Aeris, mett test work completed by Jubilee metals group. The new presentation states they have ‘agreed’ with Kabwe refinery to process and sell the ore too.