Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Echo-you are right it did include other projects but the greatest emphasis by my reading was Thorny River.
I also noted what they said about Vast but strangely Vast have never RNS’d it when it was quite clear to everyone that the diamond concession in Zim had fallen through.
I am still very hopeful here and will keep holding and see what happens when they start mining at Thorny River this year.
I had been puzzling over that tweet about mining at Marsfontein.That came a bit out of the blue for me as all the emphasis had all been placed on Thorny River. We still don’t have the updated mining plan for Thorny River which should have been published by now.
The comment in the RNS that neither Thorny River or Marsfontein are ‘company makers’ Is bizarre to say the least and the company needs to clarify what it means.A broker note was issued in October largely based on Thorny River providing a projected sp of 6.8p.I appreciate that this is only a projection but is this no longer attainable?What has changed?
Perroverde-Do you have any thoughts.
I was a bit baffled by the twitter photos on timing.However I agree with the comments made by Julian M.If you look at the broker note for 5 October 22 it suggests that the mining permit could be awarded in Q2 23 which I take as being June 23 at the latest.However knowing how efficient James and his team are,they are preparing the way so that they can hit the ground running when the permit is granted.
I have a feeling that we will have a mining plan update very soon.
Perroverde-Thank you! Much better than I thought. I just recalled a previous interview with James and his eyes lit up when bulk sampling was mentioned.
Another dazzling interview with James. He also seemed very confident that Ghaghoo would be up and running within 12 months. As other posters have said, 2023 will be a very exciting time for the company and shareholders .Let the good times roll!
Perroverde, my view is the same as yours.Am I right in thinking that the mine plan for Thorny River will be published by the end of April,drilling of the 4 additional blows June to August and then an update to the mine plan perhaps in the Autumn.They will have to arrange financing and then proceed to bulk sampling.
Would the bulk sampling be confined to the dry season?
Beetroot, I have been wondering about the financing side of Ghaghoo since the announcement was made in the summer.
Unless a miracle takes place in the next few weeks, Vast Resources are perilously close to going into administration. They cannot get proper finance for any of their own projects let alone anything else. I am fairly sure that they will have to back out of the agreement with BOD but you never know miracles can sometimes happen!
James Campbell and his team are so well respected, I think that there will probably be someone else waiting in the wings to to step in with regards to finance. My thoughts were Burgundy.
The future is looking very bright for this company and it's shareholders .It would not surprise me if other outsiders began 'sniffing around' Thorny River or a big cheque book appeared at some stage.
A very exciting and prosperous time ahead for all shareholders here.