Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Fair play Accionista you are correct (my eyes now resent me for speed reading the sources you provided)
Also caught something else that I had not clocked I was still using 8.5y LOM instead of 3.9y for DMS P1.
Daz I feel a bit mean now after your Greece offer, I was only going to buy everyone a pint. Lads & Lasses holiday perhaps?
LM
Exactly don't buy a new car 0 miles and absaloutely blast it.
Slowly break it in like a fine wine and anything mechanical.
So expecting low output end of this year.
Looking for the correct figures (flotation)
16Mt ore ro process (from 21.3Mt ore available)
2.024Mt Sc to produce
that is 8:1 and is more realistic
https://polaris.brighterir.com/public/kodal_minerals/news/rns/story/xz0157r
For DMS only
3.9Mt ore to process (from 5.1MT available)
0.505MT SC to produce
again 8:1
https://polaris.brighterir.com/public/kodal_minerals/news/rns/story/xpnnvqr
DYOR
GLA
I agree. I can see KOD extracting very small quantity of Spodumene in October, to prove the equipment etc. then Nov-Dec will ramp up to full production.
They have a reason for using that date as a conditional.
Spinning the plant October/November FULL production December.
Unlikely but possible there could be some spodumene in October.
Everything is going very well here - very pleased.
GeargeH1987
I was using a 9:1 conversion what is even better than what Kodal uses on their website for the feasibility of Bougouni
21.3Mt ore for +/- 1.94Mt Spodumene concentrate => 10.98 : 1
DYOR
GLA
George
If we hit 11p per share I will buy you a holiday home in greece. :)
Daz- certainly there are different processing routes but the two are not incomparable.
https://news.metal.com/newscontent/101743372/the-difference-between-lithium-carbonate-and-lithium-hydroxide-as-battery-materials
Accionista- assuming Li20 6-7% and Li2CO3 at 30-50% I would need to look at it further but I don't see a 10:1 conversion rate on resource tonnage.
https://panasiametals.com/investors/conversion-tables/
All the tweets i've seen have referred to December i think, by the end of October would be phenomenal construction, given the milestone lead times
ACC
And if you base 1.9MT vs 5.5MT at a 200mil buyout you can start to piece together buyout value of kod.
I don't make SP calls or takeover prices but your able to do your own maths all :)
BFD
Yeah I think first shipment is due then however initially low output then ramp up.
The possible 50Mt from Kodal Minerals is not Li Carbonate but Spodumene resource
50Mt Spodumene resource gives maybe 5.5MT Li Carbonate
DYOR
GLA
You may be right Daz
What really caught my eye tho is the clause for the final payment. First shipment of Spod or 31st October 2024, whichever is the earlier.
Surely we can't dare to dream lol
George
It has 1.9million tonnes of lith carb not spodumene. It's a brine project.
Not comparable.
Https://www.mining.com/codelco-secures-first-own-lithium-asset-with-australian-firm-buy/
A 2MT lithium carbonate resource recently went for $250M (c.£200M)
If we hit the 50MT upgrade in June giving KOD c.22MT share of the resource that would mean that under the same conditions a guestimate offer price would be $2.75B (£2.2B) or 11p per share (c.20B shares in issue)
I, and I think many LTH`s would vote yes to an offer anywhere close to this.
It is always good to see that number 1 attached to the RNS
I wouldn't rely on lse when reviewing RNSs for a company as they do miss some and never seem to backfill what they've missed.
I always use the London stock exchange for RNS reviews.
Https://www.londonstockexchange.com/news-article/KOD/bougouni-lithium-project/16447413
LSE are slow to catch up with this announcement.
RNS
Additional negotiation for phase 1 dms now suay are gone.
Honestly if KOD doesn't get a total buy out after phase 1 I will eat my hat. Hainan will then fund and build flotation themselves.
It's coming. Hold tight.
SP will slowly creep up for the time being, but you don't want to be out of it lates summer, early autumn when it starts having 15-20% days and SP back above 1p
What's not to like? This will lead to a demand for an additional 500,000 EVs made in China, which, at an average weight of 6 kg of lithium per vehicle, will result in a further 453000 tonnes of lithium being needed.
Great news
https://cnevpost.com/2024/04/27/china-offers-incentives-to-boost-old-car-replacements/
PS, I am surprised we have not got a following chase up on the original gold offer with gold rising so much since the original offer in 2022. Shame they were sealed bids, so we don't know how that was left - maybe a question for the next q&a?
Yes Stephen, that one is major. It could put our share after Hainan and the government at 22m tonnes if they hit target.
Then they are still drilling!
Is June the resource update or the site update Laverda?