Member Info for ARahim

Troajan, we don't need that money to push regua into production, a contract is already signed to deliver ore to the crashed agreed standards, the old concentrator will be moved to regua. Listen to this podcast at 10 min.
https://wresources.com/2019/06/24/w-firmly-focused-on-la-parrilla-ramp-up-to-design-capacity/

Here we have two companies with nearly the same tonnage of lithium one in Mali and the other in Europe, guess what the price of sav is more than 6 time that of kod.
sav cop = 49 m , kod is 8 m.
strange world but when it comes to production the staff has the same value here and there.

I think it south east, but south west is not exluded yet, as you see drill results are getting deeper as we move south east, south west will be included as well as the drills line we are fallowing now may not be the main axe.
to make things easier imagine we are looking for a disk in the ground. the best way to find the center is to draw an arc inside the circle then from the middle of this arc draw another vertical arc, you are bound to find the center,
this is what the digging program is trying to do

topsharepicks,
I did not misinterpret a thing, and I don't rely on the drill as they are to reach my conclusions. This kind of deposits they don't occur in branches as some might think, they are massive sulfides and they are continuous and they have low depth edges and high depth centers. what we see from the anomalies we have so far is the effect of weathering and twisting geological layers. but the whole picture is, we only get a true picture of this deposit when we reach the more consistent and larger continuous deposit, what matters now is the grade is well above 1% and by the look of the rate of sinking it will be a huge find centered somewhere in the low ppm area south east. as I explained before there are to aspects to it:
wavy pattern from northeast to southwest and sinking from northwest to southeast. please refer to kalaba drills map to see how these deposits are formed.

big drop is only a big drop when the volume is large, at the moment it is very low and only the exited ones are selling very small amounts, i guess the tide will turn sooner, today

topsharepick, your theory is completely out of context:
1) if it is an insider sale as you think, we will see larger volume traded which is not the case.
2) this type of deposit is a mushroom like shape at origin and is now turned and twisted under ground.
3) the visible high ppm area is just the tip of the deposit close to surface, compare with Kalaba ppm size and what is underground and grade. in kalaba it was about 400 m at surface deposit and 5 km underground.
4) the team were very accurate in finding the top most north west edge of the deposit, and the first few drill are expected to find limited depth.
5) as we move to the south east were the main body, we will encounter more depth and better grades, NvS estimates for the next line of drills to be more than 100 meters, read the last RNS

what is all this noise for less than 2 m shares trades, 200,000 of them at 4.4. I guess it is MMs playing games to lower sp, the response is very limited, it will go higher again. No way this is going down unless the deposit in Zambia is wiped out !!!
crazy thoughts. it has being 2 days now some of the traders here are singing the same songs as usual those selling at news want stock back again. don't give them a chance at a low level.

I don't know why all this negativity and naming Bernard as responsible for all this sp drop.
Bernard still own 100 m shares as I know, he did not buy them but still he has stake in thins company.
I can't find a single reason why the Malian gov allow kod to do all this research and will not allow them a mining licence. unless they want to destroy their own reputation and a valuable source of income.
The 30% owned by the Chinese, is a strong control but it is a strong grantee as well .
Kod is restricted as to whom will be able to finance the production process but it has a OT agreement in place.
It is all down to the profitability of this project, not to Bernard or the Chinese or the Malian gov.

battery raw materials could face supply crunch
https://twitter.com/davidca041980

at the moment drills are every 200 m. to attract a good JV NvS has to go for a wider search first. this is a drill every 1km in both direction. that is to identify the limits of the deposit and give enough information for the likely JV partner. once this is done it will be very easy to get say ?0m at 1?p. this of course will provide us with most needed cash but it provides the JV partner with almost 10x return on the investment.
from the depth and grades we are getting now, the center of the deposit is still southeast at least beyond the high ppm area. but as I said before it will be deep down high grade deposit.
the second option is to issue new share for new investors at a premium price. since we have already a promising venture.

usually we see the rise after the first 2 or 3 trading hours, first profit takers has to prove they are still sharp, then they will realize they have to buy at a higher price, wait and see the trend reverse.

number one Laperilla, mining open pit low cost full production expected to be reached by end of December 200 tons a month that is 40 millions a year, process to completion is fully funded by black rock loan plus Extramadura 3 million loan, funds raised from options and warrants is 1 million sitting in the bank.

number two Regua deep mine has high grade ore, it is in the process of development towards production, financing this operation will be likely from the Laperilla production

Saint Martenio gold deposit jorc still disputed as the ore bearing layer structure not fully understood, flat layer vs dipping layer. may be some extra targeted drills will be needed to settle this.
with the expected amount of revenue already generated and reaching maximum ( 40 m) from the first mine, the sp is likely to experience substantial increase.
https://wresources.com/2019/06/24/w-firmly-focused-on-la-parrilla-ramp-up-to-design-capacity/

at the present rate of 25 meter depth at > 1% copper for every square km we should have
1000*1000*25*10*2*5.5 = £ 2.5 billion worth of copper per square km, the high ppm area is capable of generating 3 km^2 of ore with good luck. what is very interesting is the area of low ppm to the south east, it looks to me as an underground continuation of the ore zone, but we have to prove it to sell it that is obvious.
so a drill on the low ppm area in the same direction of the rest of drills will confirm this theory, the worst case scenario is the high ppm area could be a washed away deposit from the low ppm area and it has a low grade in the low ppm area. the low ppm area is higher that the high ppm area, see the map with water ways in it moving east south to north east.
It is still early to say that what we found so far is the main deposit. continuous positive result will consolidate the sp
but as I said it is vital to understand how this deposit is formed to have a clear picture of the whole thing.

as I said before, this extra drill H5 provided us with a hint of where this deposit main body is. as we move south east, grades will improve further and depth of deposit as well. the main body may lay hidden at the low ppm area in the south east of sheyesa east. the next drill will probably move 1km south east to confirm this. the extra high grades branches will be along the parallel lines from north west to south east but they will disappear and leave way to more consistent high grades as we move south east. In short it will be huge deposit with general grades well above 2%.

both H3 and H4 are missing, they are under confirmation, as the visuals of these two holes are significantly higher than hole 2, H1, H2, H5 are on the same path, H3 and H4 they are on the parallel path , i guess it has to do with the wavy nature of the deposit. we will get them soon. what matters here is two features. the deposit is sinking slowly from north west towards south east with a probably wavy structure from north east to south west. this of course may explain the existence of branches of very high grades. wait and see. what this suggests is that this deposit may stretch south east more than we expected, it may go fore several km beyond the highlighted high ppm area, but it will be several meters under ground with a sizable thickness

excellent continuous high grades, soon we will hit the source of this monster.

Lots of news are going to management, the next RNS should include:
west Lunga report from Mr Vassilios.
third drill data cumming back, we know it is better than the first two drills.
visual report about the next two drills 4 and 5 before they are sent to analysis.
...lots to wait for, in the mean time lets the sp price mature towards the next jump.

Thank you dan1.

Thank you Trisse, what is the percentage of lithium per ton, please.

any idea what is the estimated resource here. is there a jorc being done yet??