Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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flipper56- any concerns around the rise in fuel duties I believe are unfounded. They would only account for 5-10% of OpEx the single biggest factor will be copper and gold values, estimated using long term price predictions allowing for variations. They will work on 3 estimated values, a high, low and a midrange forecast to support asset valuation. Copper along with other battery metals will see rising prices and have long sustainable demand over decades, high diesel prices however, will not be sustainable once there is conflict resolution and economic upturn.
It is a great buying opportunity. I have my quota. But I could be convinced to buy more if I feel the price has gone from the ridiculously undervalued price of now to a level which makes it an absolute bargain
It's clear to me that the silence is not of CBs concern. It appears that he is already into negotiations and cannot currently comment at this time. Furthermore outside influences are effecting the financial markets. At this point there are no reasons to consider a cause for the drop otherwise. Therefore all goals remain as was. Plenty of news to come that supports the 5p minimum without Australia asset being accounted for. I would say this is a perfect opportunity to top up for those of us that can. Don't lose sight of what we invested for in the first place and keep the faith. Be lucky and run to the finishing line.
The price drop is strange. It feels to me that this being dropped on purpose. If news lands now that could be seen as negative this could go down into the 3s. Didn't think we would see below 4.5 region but it's very possible. This has drifted down to just above what the price was when the ascot news arrived. The sp should start to rise from here, but that next bit of news is very important.
Seems a fair point about the cut off if others are using it in their metrics. But the price of diesel has increased considerably since then and I would guess AA would argue their case.
I was looking back at AFP's Ongombo Project which is one of Colin's babies and he released a RNS about it yesterday. I note in the RNS 20 Dec 21 he used a copper price of US3.72lb as the metric for the feasibility study. Anyone know how that compares with current projects. I assume we will sell the whole lot so won't want clauses giving us extra money in the future.
Flipper56–.
This us a previous post, if I may Andrew.
>>>>RE: Initial met test work
26 Apr 2022 10:46
Re the possible difference 0.15% cut off could make.??Caravel Minerals in Australia is also as porphyry deposit. At page 7 of their presentation it shows how the mineral resource estimates change as the % cut-off is reduced.??0.3% to 0.15% increase of 96% CuT??Obviously Racecourse won't be identical to these mark-ups but gives a good indication of the increase as cut-off % reduced. So its possible that 0.31mt could be nearer 0.6mt not 0.5mt????https://caravelminerals.com.au/wp-content/uploads/2020/11/2020-11-AGM.pdf.
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HZ-Worth pointing out that with .015 cut off would see the starting 71mt resource increase to in excess of 140mt before any additional increase from drilling. It’s easy to see how 2mt will factor sooner than later
I know you should feed the trolls, but I can’t resist. It must be maddening encouraging investors to invest in vast then seeing falls of 15-20% like today and then going on a different board and crowing about a 2–3% fall which is market driven.
I am happy with my buys at 4.8-4.9. And tbh even more happy that folks can buy it a little cheaper than this now, if they want.
Love reading all you knowledgeable posters thanks again , you know who you are
I am a large holder and nearly on the point of topping up with another amount. If it does goes down further Xmas has come early
Andrew Xmas is coming soon lol
In the "12 stocks for xmas" podcast, CB said, or heavily implied, we would be using 0.15% cut off
JoseMaria was sold in December with a 0.15% cut-off for $485m. They are above 12,000 ft in the Andes in Argentina (so the workers will need to acclimatize and live there), in a seismically active area with an average temperature below freezing, seven hours from the nearest town. Also not the ideal jurisdiction.
If that can work with a 0.15% cut-off, it seems likely that an open pit 150km from Sydney in an easily accessible area with existing infrastructure and a pleasant climate would probably be OK too.
I think one of the big problems with any discussion is what copper price you use and cut off grade. Using a forward price based on the price curve will be low, in the 3's I guess. That will be the price AA will target. Colin is adamant that copper prices will go much much higher so won't agree to that I doubt. Also AA used .3 cut off from memory when they held the license. I doubt they will want to accept a .15 cut off by choice especially with high diesel prices. So having approx 2mil tonnes, is one thing, value is another. At the moment the doubters appear to be winning. News from Africa would be helpful.
I personally don't think that a deal is being done at the moment, but work is continuing to get everything ready to start that process. I don't really care about the lack of news on this, a lot of it wouldn't really be RNS worthy, I have my x number of shares and the share price today doesn't change the number of shares I have just as it didn't affect them when it was at 7p.
I would like Africa news though.
well hopefully he is unable to buy shares
I also have nearly all my investments in XTR as Colin Bird has come over so well and informed but admit to feeling a little uneasy now with lack of news about buy out and daily decrease in share price
What would give encouragement if Colin was to buy some stock in the market as he always states bargain share price
I have all my eggs in one basket with XTR, the reason for this is Mr Alex Terry has 45 million shares and once Manica is up and running the share price will start to move up again without any news from Australia.
Good luck all