Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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And yet the companies still valued at under £90m....... with close on that in the bank 😁
Sorry that should say
3,700,000 tonnes over 10 years…
So a very basic calculation from when phase 2 is up and running…
Total capacity 370,000 tonnes per annum
Mine life 10-15 years
Let’s say a conservative mine life of 10 years
3,700,000 million tonnes over 10 years
Multiple that by a conservative $1000 per tonne spod price
Equates to $3,700,000,000 over 10 years
Sounds amazing to me… also we still have our other assets/gold on top of all of this!
This is going to be BIG!!
Good luck all!
Burnley88, he is just stating some thoughts and opinions, dont read too much into it.
Surin, have you been on the drink again?
surin you are a *******
...oh, of course KOD could sell their holding in KMUK in the current negotiations with Hainan for 100% off-take...lets see..
Difficult to tell, since KOD price will be dependent on a) KMUK performance b) value of remaining discoveries at Bougouni c)funds from Leo Lithium d) deal with Hainan for off-take. e) value of other assets in Mali and Cote Ivoire.
So Kod could have $2m from Leo Lithium/Ganfeng (and smelter royalty), plus a sum from Hainan for the off-take agreement currently being negotiated with Hainan...In a `fair/equitable world) an equitable payment to KOD from Hainan would be 49% of $14m...just under $7m.
In the medium to long term a lot depends on whether KOD benefits from KMUK production, lithium price etc or is bought out (Makes sense for Hainan to buy out KOD's share of KMUK).
I can see Suay Chin selling their holding if the need to raise capital. That, to me, would be a buying opportunity.
Finally, there is sovereign risk, but I can't see `Chinese Interests' being compromised in Mali (nor in most of the rest of Africa).
I think we have to be a little patient, because unfortunately things will only get interesting once the mine is open and the annual figures are available. I'm looking patiently into the future. Bernie will rock this mine. Maybe we'll find also gold too, then hallelujah 🏝
1.5p at current spodumene prices. Probably 1.7p to 1.8p if prices continue to recover.
Over1p for sure.
So does anyone have an opinion what the share price could be once we start production
In that video Elcobble? Definitely I agree.
October/November in that video. Production running by end of December. Even differentiates between the plant turning and production.
Fills you with confidence.
Tell you what Lav, Bernie really does know his stuff!
This one includes an excellent video interview
https://newsdirect.com/news/kodal-minerals-reports-significant-progress-at-bougouni-lithium-project-in-mali-148897823
Seems like this journalist can summarise what they heard accurately, 10 days old:
https://uk.finance.yahoo.com/news/kodal-minerals-reports-significant-progress-122910592.html
Most likely is keeping locals happy and ensuring minimum disruption, if ignored and locals irate, it may leave open to individuals to exploit that causing instability. Which is probably one of the reasons kod is ensuring the community they are working in is looked after.
Likely a thousand other factors but that's one that immediately comes to mind
Dumb question I'm sure but with gold so high and so many illegal mining ops how does a mining explorer like kodal keep there licence areas safe?.Does Kod pay security or??..never thought about that side of it.lol..just curious
.
None about ?
Why?
Know they'd make themselves look ultra silly now.
Lav, I agree, keeping Gold on the back burner at this time makes good sense, this side of Mali Government seeing income from Lithium mine.
Added a few over last few session and very happy to hold. November will be here before we know it, fully funded and plant fully built
I couldn't resist and had to buy a few more pieces 😃
Time, it certainly seems that way.
But in addition everyone in Mali is posting less boastful and more conservative communications.
You can understand why. The gold ore movements avoided taxation in previous mining code updates for many companies amounting to many millions which Mali did not receive. To then broadcast presentations of increasing profits, expanding resources etc etc does not go down well.
This also may be why Bernard is playing down our gold until the mine is up, running and paying revenue to Mali.
I noticed Hummingbird communicate in a similar style to Bernard - Africa experience possibly.
I'm sure the big cheeses that run the show on both sides know exactly what's going on, sharing the details with minions probably isn't high on the agenda, sadly, but building the plant is.
And they ain't building it to mothball it...
Onlyking, just an absolutely awful situation for them to be in.
They have left last year's accounts open so they can add any settlement in that year's accounts.
If the Leo Lithium/ Morila mine situation can be cleared up then it should be less of a problem.
Leo Lithium seem confident they can resolve the situation.
Your question though is difficult, assuming they still have permission to mine then it should be able to operate, but a halt was placed on the ore, not sure if it would apply to the spodumene.
Feel for those Leo Lithium shareholders. But it does look board inflicted nothing to do with the government.