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Arcadia lithium mine to start exports next year

https://twitter.com/mining_zimbabwe/status/1568150570975858688?s=46&t=155DQVLZsQlXsiGk7XP3dA

Snowking,

All bodes well for prem.

I watched an interview with a Morningstar analyst yesterday where they were forecasting $6000 - $7000 and to hold around that price through 2023. I’ve had a look for it but cannot remember where I watched it.

Bick,

No reason why it shouldn’t happen, he’s a shareholder also and I’m sure he wants a chunk from Zulu! Roll on production and hopefully a sale of Zulu

Bick,

When you put it like that I’d prefer a sale of Zulu.

$800m would benefit shareholders much sooner as that same amount would take the entirety of the life of plant (3 years) to generate, assuming it ran without problems during that time, li price remain the same or better etc. But why go through all that for 3 years if someone wanted Zulu come march 2023?

He has said it’s not for sale but in the same interview said everything has its price.

LJS,

You wouldn’t be happy with a ten bagger for a the sale of the Zulu claim?

We’re not in a position to mine the EPO as yet as it’s not drilled, yet. It’s huge and will take probably two years.

I’d happily take 3p just for Zulu, any time.

In this article today, it says

“The exploration target for the Zulu Lithium project is between 120-160 million tones.”

https://www.chronicle.co.zw/insiza-lithium-project-to-create-450-jobs/

Acker,

Agreed. Seems there’s plenty of other high value assets in the ground at Zulu, that can be stockpiled for later. He wants to concentrate on fulfilling the offtake requirements first, sensible. Not much mentioned about the gold recently. But I guess li is of more value right now.

Also from my notes - “Additional revenue streams from stockpiling:
Petalite
Tantalum
Other minerals to stockpile
Further low cost processing later
3 stage sorting”

Acker,

From my notes of the 23 august stockbox - “6 weeks after production for first shipment to port”

So close enough, I think things will change for prem when they RNS the money has hit the bank.

Looking forward to those projected earnings.

Acker,

I hope your SP prediction is reached rather than mine :)

Aimisalaugh,

Looking at the same sort of SP on production, 0.8-1p on first shipment is my hope, but let’s see what happens in the meantime.

Wolf,

Be good to get those numbers confirmed with a forward earnings statement from the company

Bick,

Absolutely, my preference would be that the remaining % go to a competitor or competitors, if such deals are on the table moving forward. But we don’t know what is happening in the background so it’s hard to comment only speculate / wishful thinking.

I don’t think though a company will be making a move for the remainder of offtake until DFS / RUS numbers are known.

I like you do think that the Chinese got a very good deal, the company thought that it was the best deal so not a lot we can do. Would have loved to know who else they were talking to and what else was on offer to compare. I am not sure if I want Zulu sold or not, still undecided, I guess it depends on the revenues it generates and the effect on the SP.

Snowking,

Cracking results, the Chinese must be ecstatic! Enough to convince them to take the other 50% offtake, if not someone else will. Let’s see what George has planned

More than 300 new mines could need to be built over the next decade to meet the demand for electric vehicle and energy storage batteries, according to a Benchmark forecast.

https://www.benchmarkminerals.com/membership/more-than-300-new-mines-required-to-meet-battery-demand-by-2035/

Snowking,

“ Canaccord lifts spodumene price forecast by 49%

Canadian bank Canaccord Genuity has followed US counterpart JP Morgan in lifting its long-term lithium price forecasts, pointing to quicker than expected EV adoption and a projected supply shortage as the primary drivers”

Hi Snowking,

The last time you said this they arrived the following day :)

Good question, what would be your preference? Part or wait? And why?

Snowking,

I agree. I’m in since 2015, could have sold on epo grant and two other spikes, but I’m holding for payday. It’s coming, just have to sit it out and be patient. 1p I’ll take some, the rest will sit for payday #2

Very nice buy, be great to see more leading up to news, what that will be who knows. Could be anything. Exciting times never the less.