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So a rail car can hold 200 tonnes. You need to transport 15,000 tonnes for a million EV batteries. So, a 75-car load is going to make or break the price? But Tesla now is building a refinery in Texas. Transporting the ore there from Arizona, is going to cost more than if they bring it from nearby Arkansas (brine) or Mexico (clay). BHL lithium isn't going to end up in any Arizona-made batteries. Those factories will continue to rely on China, until the Salton Sea goes online.
Vauxhall, like Stellantis, is always good for a laugh in the US. And they are leaving the UK, live everyone else, because Brexit told them in no uncertain terms that they are not welcome.
Sort of with bob on this one, transport costs are one cost, of course having a centralised circular economy in Arizona would make a difference but we’re talking marginals here when just referring to transport.
It’s a bit like the esg Fad, it’s one small
Process overall.
Vaxhaul isn’t really a Comparative the USA is willing to subsidise USA home grown whether it’s chips, mining etc. the U.K. is rapidly falling behind. We really need to buck our ideas up.
BorderBob, I have to disagree with this one. Transport expenses for mining material is a massive overhead which can really dent the profitability of a mine. GGP could be facing issues with this over in the world of gold! Stellantis the owners of the Vauxhall car manufacturers in the UK are talking about leaving the UK to be closer to where the Lithuim might come from to cut costs in that area. So, it is an issue miners face. BHL being close to the giga factories will certainly be a factor that is positive for them. Oh and they are not just transporting 15kg, we are talking about 1000s if not 100s of 1000s if not 1,000,0000s of batteries for EV cars being produced. Factor that in and it is a major cost, so BHL looks like a good investment from all the other research I've done. Each to their own though!
Well I'm not the one who chose the word, I'm just recycling one that I thought British investors would recognize because it comes from a phrase made famous by Samuel Johnson, who was criticizing Prime Minister William Pitt. Would you prefer rascal or rogue, a couple of synonyms suggested online? Meanwhile, I would call unfortunate your use of the term "pans out," since it refers to a process for obtaining wealth without actually doing any mining.
I think 'scoundrel ' is a bit strong! I agree that the proximity of a mine to the end user is not relevant, economically, but sounds better than thousands of miles away. The main thing it's in the USA
You can sense the frustration of the management at the share price response to any news. At least Lithium prices have stopped dropping!
Let's see how the rest of the year pans out
It will be interesting as we approach the need to raise cash 9
Lithium is a minor ingredient of batteries BY WEIGHT. Batteries, at 25%, are not a major ingredient of EV's BY WEIGHT. Now, does that make you feel better? Again, claiming your lithium mine is near a battery factory is the last refuge of a scoundrel. Most recently claimed by people in Australia, where they ship rocks thousands of miles to China for processing, because other factors are more important than proximity.
When you say "Lithium is a minor ingredient of batteries" with no further supporting statements or clarification, it sounds like you are disputing that Li is a key ingredient. You still haven't clarified what you meant by that nor have you expanded on "batteries are a minor ingredient of EV's" so it still doesn't make sense to the point of stupidity. Don't be offended that someone thinks your statement sounds stupid because you won't explain what you meant by it.
Battery plants aren't going to make one EV battery pack and call it a day. They are going to manufacture however many batteries car manufacturers, battery storage suppliers and other end users want. Reducing the distance between mine and plant will save on logistics costs. Economy of scale matters. And, as I said before, when the goal is to reduce emissions, not having to drive a diesel fuelled truck hundreds of miles or use a diesel powered ship that also ditches its dirty bilge overboard is going to make a significant difference to the overall CO2e emissions inherent in EV production. If these things didn't matter, you would be right and they'd still be shipping the stuff off to China to be manufactured.
I do not now nor did I ever dispute that lithium is a key ingredient of batteries, and that batteries are a key component of EV's. The point is that the distance from mine to factory is irrelevant when you are talking about as little as 15kg of metal. Especially, when the distance from source to factory for other critical components would be much further if you insisted on placing production next to lithium mines. If all you have is "my mine is better because it is closer to the battery plant," you have nothing and it approaches the point of stupidity.
Li might be a minor ingredient in terms of quantity (an EV uses less than 10kg of the stuff) but it is a critical component. If you have no lithium, you have no charge carriers (Li-ion battery) or electrodes (solid state Li batteries) and if you don't have those, you don't have a battery. Other chemistries exist but they either aren't viable for EVs or have other poor characteristics (eg: Na being a bigger molecule making the battery heavier and less energy dense but is significantly cheaper).
The chemistries aren't called Li-ion, Li-Metal, Li-Sulphur etc... because Li is a minor ingredient.
In what way are batteries a minor component of EVs? I must be misunderstanding the point you are trying to make because that doesn't make sense to the point of stupidity. You will have to clarify that statement.
Is it even in BHL's strategy to refine the lithium or are they just going to supply the raw material?
When they start talking about being near a major component of the supply chain/Li life cycle, it is a good reason to buy. Don't know if that's desperation or not, just sounds like common sense really. EVs are supposed to be a part of the jigsaw puzzle that is minimising environmental damage. Manufacturing of batteries is still going to add to harmful emissions until manufacturing processes improve. By being close to manufacturers it helps further reduce those emissions, further reducing the impact EVs have which, as I said, is the point in this endeavour
When they start talking about how near they are to battery and EV manufacturers, it means they are desperate for any good reason to buy. Lithium is a minor ingredient of batteries, batteries are a minor ingredient of EV's. If anything, BHL should be looking at availability of cheap labor for the refining process, like nearby Mexico. But Tesla prefers Texas workers even for imported hard rock.
Admiral I think it shows you where the market is at currently. The chat boards would have tons of posts all hyped up but think you were the only one to post!
It shows you what is needed to move a market at the moment, assay results & resources that are kind of expected aren’t enough to drive an sp.
Whilst most expect the debt ceiling to pass through eventually it looks like it’s heading to create vol and in 2011 s&p was down about 17% on back of concerns and vol before recovering. It’s a big old political battle ground this year ahead of election.
Cpi coming which should in theory actually be supportive as inflation should be coming down. However other Data numbers are slowly implying the impending most talked about recession ever is coming!
I personally think a lot of investors, pis etc myself included want to start seeing some actual returns and capital returns to investments.
Normally I’d be adding here as the long term
Belief is there. That hasn’t gone away and I intend to at least double my holding but requires more than just assay results and resource validation.
In the rns Charles highlights once again the area near “vital infrastructure & battery end users” - its vital these start helping lead to something.
Fantastic news, latest assay results very encouraging.
Slightly perplexed why the share price is meandering.
Very cheap at these levels ,San Domingo could be huge!
research-tree dot com
https://*********************/NoteArticle/Article?researchnoteid=72024bc9-fe36-41ff-a460-f10358cc7b07&whitelabelCompanyId=V36N76-R&clearCache=False
To quote Bradda Head:
"Following our successful July 2021 IPO, December LRC Royalty deal(1), and US$12.9m
fundraise in April 2022, we are well funded to carry out all our exploration programmes
into the end of 2023, and able to demonstrate the value in our assets.
As of the end of December 2022 we had just under US$10m in the treasury with a further
US$5.5m due from the royalty we signed in December 2021 covering our sedimentary claims.
"
My thoughts:
There are key program events which are likely to positively impact our share price in the next 6 months for each of the three asset types, clay, rock and brine:
1) 41km2 of Lithium sedimentary (clay) claims 100% owned. 1 to 6million ton exploration target, resource estimate upgrade is expected 2023 Q3. Current "Indicated & Inferred JORC" (the formal industry standard) resource of 305kt Lithium Carbonate Equivalent (LCE) at Basin East. Bradda have three clay project areas know as Wikieup, Wikieup South and a collective area known as Basin which includes Basin East and others, but the 305kt resource estimate is only for Basin East. There is upside in the clay.
2) 23km2 Lithium pegmatite (rock) claims 100% owned. A positive decision to proceed to Phase 3 has been made base on Phase 1&2 assay results already received, further results expected this quarter. Phase 3 drill program planning now to start drill 2023 Q4 or sooner. An exploration target looks likely to be set soon and potentially a initial resource estimate. Phase 1&2 results were very good and we can expect Phase 3 to be a significant defining point in Bradda's valuation. Currently 99% of the San Domingo area remains untested. The recent 8m shares purchased by Deputy Chairman, Jim Melon, might indicate we should expect good news.
3) 25km2 Lithium brines (salt water) claims 100% owned. Bradda have two project areas for brine exploration:
Wilson: drilling now, results analysis expected Q2, decision on future drill program 2023 Q3
Eureka: permitting now, drill program definition Q3, decision on drill start Q4
Bradda Head's brine projects are their least developed projects but they are actively working on this asset to demonstrate value. Its too early to say when we might get exploration targets or resource estimates, it would seem we are looking at late Q3/Q4 2023 for an update.
Bradda Head have 100% claims in projects in three asset types in an area which has historic and current lithium mining activity. This would seem to be a more diverse investment than American Lithium. The upside for Bradda has yet to be identified by the market. It would be of interest to hear from others who are more familiar with ALL as to how they compare Bradda Head and American Lithium.
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Our first drilling above the creek.
1.4 Km Sq has 370,000 tonnes of Lithium Carbonate equivalent.
New area is 2.5 Km Sq.
370,000 / 1.4 X 2.5 = 660,714 tonnes
That would increase the resource by 178 percent.
Charles at the Benchmark tour video.
Https://www.youtube.com/watch?v=BRI2mXBF-b0
The company is definitely excited about the drilling. They are trying to send the market a signal on what to expect as the analysis progresses. The market just looks at 'Q3' and thinks it can sit back and wait for a few months, hopefully some surprises to come along the way for those already in at these bargain prices.
Charles FitzRoy, CEO of Bradda Head, commented:
"The initial visual analysis of these first five holes is better than expected and is very encouraging as they have further endorsed our view of the geological model and potential of the Basin Project as well as the likelihood of further adding to the existing Resource across Basin.
"The analysis of hole 5 which is the first hole Bradda has ever drilled to the north of the creek, is particularly exciting as it indicates the presence of a completely intact clay sequence which has been persevered by a basalt layer; meaning that the lithium bearing clays at Basin East extend across the creek and open up resource expansion potential. This initial analysis supports our blue-sky model for what we forecast at BEE and on to Basin West!.
"This initial analysis further strengthens our thesis at Basin and we believe our 2023 drill programme will generate material catalysts for the Company and will lead to a further resource upgrade in Q3 of this year. We look forward to providing further updates as the results from our drilling programme become available."
American Lithium dont appear to have clay, only pegmatite and it seems they only have one drill. Their land base might be bigger which might account for their higher value, but it does seem speculatively high.
Its clear that Bradda Head have both clay and rock form of Lithium as immediately investable assets. The brine is as yet unknown unquantified. For me this is the attraction of Bradda, they have all three, but they are also in a safe environment close to end users, they don't have transport cost to get to China. I am not sure about ALL's intended market, some one might help with a more detailed comparative view of American Lithium vs Bradda.
The share price movement is likely due to short term traders making a few percent in a few weeks. From my perspective Bradda have yet to be correctly valued by the market. Hence my wild guess that £1 might be achievable. Once we get results of phase 3 exploration from the pegmatite and the next 20 holes drilled (only 5 holes drilled so far) and assay results from the clays then we might expect the sp to be much higher.
As far as the downside goes, we might guess that the market will not let this fall below 5p again because of the high grade results 1.6% Lithium Carbonate from the pegmatite and the 1 to 6million ton exploration target in the clay. Todays RNS supports that as the thickness of the clay in the Basin East Extension area is about twice that from the area already tested. That is definitely encouraging news for the clay.
Red Cloud have previously targeted 40p for the clay alone, before this RNS and its any ones guess what the pegmatite (hard rock) asset will do but since bradda are seemingly more excited about the pegmatite, whilst there are certainly no guarantees, Bradda could be significantly higher by the end of the year.
I've been trying to see if these thicknesses compare well to other clay lithium miners around. I can't see clay thickness details for American lithium. Anyone know if 60ish metres is a good find, or does it underwhelm? The market has reacted negatively to what I thought was pretty good news
Doubt it. Think some Govts have to pretend they are on this path because the path we are actually on is a very difficult one to talk about.
Regardless of that I imagine the recent moves by Chile's govt might give BHL a boost as we are in a much 'safer' jurisdiction.
BHL and ALL just jumped a bit around the same time. Lithium price on the move??
"Germany sees “a chance” that a deal to accelerate phasing out fossil fuels – similar to the one reached over the weekend by the Group of Seven rich nations – could be done at this year’s Cop28 U.N. climate summit in Dubai, a senior government official said."
"In the joint statement at their meeting in Sapporo, Japan, G7 energy and climate ministers agreed “to accelerate the phase-out of unabated fossil fuels so as to achieve net zero in energy systems by 2050 at the latest”.
"The German official, who spoke on condition of anonymity, said he believed there is ‘a chance’ to reach a similar deal at the U.N. climate summit, to be hosted by the United Arab Emirates, a major oil producer and a member of the Organization of the Petroleum Exporting Countries, from Nov. 30 in Dubai."
https://www.climatechangenews.com/2023/04/19/german-official-sees-a-chance-cop28-can-agree-to-phase-out-fossil-fuels/
Hi Manx,
The best way to get up to speed is to read the company website which has a good summary. The news letters are well worth reading and also watch a few of the CEO's videos which you can find on the website or referenced by others below. Sign up for an email copy of future newsletters.
Good luck.