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The ithium hydroxide, that can be extracted is very desirable by Battery Producers. A lot of it comes from Australia. That they got in the USA is good. Closer to market. Australia has been a leader producer of Spodumene, up to now. He mineral it is produced from is important. Better than from Brine or Clays. Processing is easier and cheaper. The knowledge that this is Spodumene rich is excellent news.
Spodumene-rich pegmatite is how you want to find it.
'Our knowledge of this intriguing spodumene-rich pegmatite district grows...',
Translation- we didn't find much! Well, that's my interpretation. Now, I invite a geologist resident from our board to interpret the results more eloquently. Thanks in advance.
Yet another of Mellon's investments going walkabout.
Mr. Market sadly unimpressed. This is the slowest of slow burners. More patience required.
The question should be, 'how big does this resource need to get before it moves towards extraction?'
More good news. How big does this resource need to get before the herd realise?????
Maybe this is little off topic. Could anyone explain why some shares that I recently bought in Bradda Head Lithium would be listed on the LSE share dealings page as a sale? Could the sale indicate that they were bought from a money maker (who sold the shares)?
“Hi All, I just released my review of the interim results for Bradda Head Lithium (#BHL). In this video I look at the current status of the 2 main projects as well as a deep dive into the financials of, what appears in the face of it, rather a costly business, albeit full of opportunity. Please share if you like… https://youtu.be/CIJtn8S4S3Q “
Thanks for this. Personally, I feel really positive about Bradda Lithium. It’s taking a while but it’s going to be worth it. Operating in a business friendly country such as the U.S. makes it even more attractive, particularly when you consider the corruption, politics, military conflicts and human rights violations that seem to plague other businesses in the mining or oil sectors.
Hi All, I just released my review of the interim results for Bradda Head Lithium (#BHL). In this video I look at the current status of the 2 main projects as well as a deep dive into the financials of, what appears in the face of it, rather a costly business, albeit full of opportunity. Please share if you like… https://youtu.be/CIJtn8S4S3Q
Agreed EarEyeAm
yesterdays RNS highlights what you say.
cash and cash equivalents $2.9m with $2.5m royalty payment received is nearly 50% of the current Market cap. That values San Domingo, all of Basin and the other project at $6.6 m
cheap as chips
adding when I can ;)
chute
That’s a typo. Sb 2,930,730
Wow
Where did the US$ 42,930,730 come from???
(g) Liquidity and Capital Resources
As at August 31, 2023, the Company had cash and cash equivalents (including short term cash deposits) of US$ 42,930,730, and a working capital surplus of US$ 2,619,378. As of February 28, 2023, the Company had cash and cash equivalents of US$ 7,746,519, and a working capital surplus of US$ 7,135,119.
Post period end on 28 September 2023, the Company announced an updated Mineral Resource Estimate ("MRE") at the Company's Basin Project, Arizona. As per the Gross Overriding Royalty Agreement with the Lithium Royalty Company ("LRC"), this new contained LCE Tonnage, which was well over the contracted threshold of 1 million tonnes LCE, enabled the Company to trigger the payment of US$2.5 million from LRC, which was received by the Company in October 2023.
Hold hold hold
Until the price goes up significantly it's just a buying opportunity and I'll keep on accumulating. It obviously won't be this low price forever, it has great projects and no cash concerns, so get em while you can I say.
Hold tight, like other Lithium plays, Bradda will go on a big run, as the story unfolds.
Good news RNS and has indicated another RNS in a few weeks for San Domingo
“The Company hopes to have news on San Domingo within the next few weeks as preliminary results have started to arrive."
Yep see recent interview.
-Because there’s also the San Domingo pegmatite district
-Here, the company recently returned 1.6% lithium over 35 metres in drilling which, according to the best available data, was the sixth best lithium interception anywhere in the world this year.
-What’s more, the plan is to move fast on San Domingo.
-“Drills have been turning,” says Stalker.
-“We should have results within a month. We can see the spodumene.”
- He talks of potential production in 2025, and notes the apparent eagerness with which the Americans are permitting lithium projects at the moment – not only has Thacker Pass been given the green light, but it’s also benefitting from hundreds of millions of dollars of US government funding.
-but what is worth noting is that the capital expenditure required to get San Domingo into production looks likely to be very modest, perhaps a long way below US$50mln.
-Bradda Head has influential investors, both in terms of super high net worth individuals and institutions, so finding such funding is unlikely to present any real hurdle. The question will be how good the project actually looks when it comes to the economic studies.
-“I think the margins will be robust,” he says.
-Even with a depressed lithium price of around U$2,600 per tonne, a realistic operating cost might be US$600 per tonne. That’s plenty of room for manoeuvre, and ought to give anyone who thinks the lithium price might be due for a turn pause for thought.
-“Our market capitalisation is currently peanuts,” says Stalker.
https://www.proactiveinvestors.co.uk/companies/news/1030334/location-location-location-bradda-head-s-ian-stalker-talks-lithium-in-the-usa-1030334.html?utm_source=newsletter&utm_medium=sendy&utm_campaign=uk_weekly
looking good for the future
chute
Been expecting more upside movement myself but just more chances to average down, do not be put off, many of us suffered for a long time, before KOD/PREM's Lithium plays eventually flew, same will happen with Bradda, just f nose when?
Everyone should have a lithium play in their portfolio. Best share out there at the moment with potential large profits. Fully funded and an ever larger resource being discovered.
The ceo leaving?
https://x.com/braddalithium/status/1714563215261065468?s=46&t=j3Q_9foJX3cxgwihmIyyCg
It does beggar belief as the 2.5 m is a cash injection of nearly 20% of the companies market cap with barely a movement on the share price.I thought there might be some interest here as we should be expecting some drill results to start coming out of San Domingo, they are approx 6-7 weeks into that drill programme.
As lithium is on the US short term near critical and long term critical list I've got a hunch that we might also receive other news reference tier one application or funding for grants etc
https://www.energy.gov/cmm/what-are-critical-materials-and-critical-minerals#:~:text=Critical%20minerals%3A%20The%20Secretary%20of,%2C%20cobalt%2C%20dysprosium%2C%20erbium%2C
I was reading an article recently that stated Ambermarle have one of the only lithium productions in the US and received funding to the tune of US$150 million from the US government to support the opening and building of a commercial-scale lithium concentrator at another open another historic mine in North Carolina.
However on the downside the markets don't seem to have any appetite for small caps at the moment
Chuteless
Hi All, I just released my first video on Bradda Head Lithium (#BHL). A high level company overview plus a review of their BHL’s latest RNS confirming improved resources and receipt of royalty funding. Please share if you like… https://youtu.be/57KZjCsC2-Y