RE: Bacanora28 Feb 2018 22:39
Hell of a recovery! They opened up at 80p (bouncing off support) and recovered to 2% up at 96p!
Big Capex, different ore to usual, big dilution to get to production etc.
We might be small but its simple geology, low CAPEX and quick to production, if it all goes Pete Tong in future re: Lithium then not got some VERY big eggs in one basket and no market.
Plunder Barroso quickly and if market right move into other targets. Compared to current front runners, where is the greatest price increase % ahead to be got, no 2 year lull waiting for financing/licence etc. This should be incremental steps and surely will have 100% gain by year end.
Dec 2018 - Do we have enough? Yes. Okay lets go!
Its open cut, cheap end of Spodumene extraction, pure..... not sure what if any stumbling blocks there will be?
Galaxy went to production with 16Mt, we should hit that no problems.
So barriers to SP rise -
Will we have enough?.... seems well on the way to being a yes.
Is it desirable? Yes.
Is it low cost hard rock? Yes
Is it in good political and economic location? Yes
Do we have finance? Not yet but seriously.... its not going to be hard to get.
We need numbers in Mt and some financial studies to prove to market return....Archer is working on it. Finish with an offtake agreement before year end and hold onto your hats!