Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I'm hoping that this RNS is the start of good news and an upward trajectory. IMO it could start a reboot. Fingers crossed
Something tells me I'm going to get a lot of green boxes in the morning as the pressure cooker comes to the boil
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Mush,have you thought of changing your name to 'Glasshopper' lol
Congratulations Tex. It's an amazing feeling that will last with you forever
I'm no expert. Could it be that the large transactions were the sells going through? Maybe the deal is complete and we will see a steady recovery? Just a thought DYOR
Magic, Whilst I am very happy for myself tonight (Hopefully the SP will reflect the results tomorrow ) I am pleased for you. You have been a calming voice in a panic this week. To some extent you have put your reputation on the line. You are a gentleman and I am having a large glass of Kracken in your honour.
ATB
Thanks Magic. You do not need to justify your expertise to anyone on this Board. You put your time and effort into what I thought was a very professional presentation in a very short time. I don't fully understand the geology I must confess, but I understand it more than I did!. I thought your logic at the SP was well thought out and sensible, that is an area where I do have some experience. I found it a tad insulting when your expertise is questioned. The words gift horse and mouth come to mind. As you say in your final summary, you make your own decisions in investing . If someone passes on their experience, gratis, then be thankful. But DYOR!!!!
By the way I reported that Idiot. Encouraging suicide is a criminal offence with a max term of 14 years.
Good look everyone
SOU
Sorry Folks. I simply wanted to change that stupid header posted by Jackie
Merry Christmas everyone...especially Paddy
I can't get this image out of my mind. Its is Arnold Palmoil and his sidekick Maggie heading towards the horizon like Dick Dasterdy and Muttley......foiled again!!
I know what he will say......
Struthe....Im so excited my tongue's drier than a Pommie's towel!
Fair dinkum ?
Spiffing, followed by bazzin' , in the same sentence
I attend our local surgery each year for my seasonal flu jab. The nurse checks first to ensure that a Doctor is on the premises. This is because a small percentage have an adverse reaction. Its expected. These people carried epepens. They are probably allergic to cats, peanuts, dust,mites etc etc. Stop scaremongering using stupid headlines...this is not the Daily Express!!!
There's been some discussion today regarding the Tasmanian assets. Tassie is nothing like WA. Its not a desert and is 40% national park relying heavily on tourism. There will be no road trains or overland conveyors Imo. The local ecology will be , understandably, heavily protected.. the last mine I invested in based in a national park ended in disaster. Although Im sure that GH etc will be more aware of this than me.
The results the same. A rise
I don't post very often as you can see. My first effort was on the 30th April. It was the day after Newcrest announced an acquisition and everyone thought it was us. Despite good drilling results everybody was deflated and the SP fell from 9 to 8.25. I tried to buck everyone up...for days like today...I didn't expect 30p so soon though. Bad days make the great ones even better and GGP delivers the great ones. Good luck everyone and have a smashing evening
I like to give it to whisky loving guests who have to try and guess what it is. There's one from the whisky society so even the bottle doesn't say but I believe it's very nice
Remy Martin VSOP for me...even the smell of whisky makes me feel bad. I must have half a dozen single malts in the garage. Sorry Marmaris lol