RE: FAO Mike27 Jul 2018 20:30
Tbh Mike, with the currently depressed bauxite price, I suspect the company would have to apply a significant discount to the resource to get it sold. So I personally think they'd be better to hold it, attempt to increase it (which should definitely be possible given only a few % of the area has been explored) and await an upturn in the demand for bauxite/improved infrastructure in the local area.
Personally, I'd love to see the lithium proved up and sold off to Assore/Sumitomo (with an ongoing royalty included) and the money invested into Dorothe. That's the real winner in the asset catalogue far as I can tell. Couple of potentially massive winners in the Ivory Coast stable which, I'd imagine, could rapidly progress with a large cash injection.
Compare lithium prices to gold prices: clear to see where the value lies long term.
I'm sure this post is teaching posters to suck eggs, but my thoughts on the next year or so.