Member Info for ChameleonMan

5p again. Looking at the 2year sp chart we have been on a clear rising trend from touching sub-1p in March 2020. Hats off to those who saw the stars not the gutter and bought back then. Plot the trend on another 2 years and you can understand peaks of 25p -30p plus being achieved. Hope to be there in March 2024 to confirm it!

Should be an announcement on the DIA pretty soon then everything that flows from it. Each step will build confidence and add value.

I counted about 70 people in protest T shirts! Not many in the big scheme of things but not so few as to be embarrassing.
https://m.facebook.com/Montalegre-Com-Vida-667680017037422/

Hopefully not the RNS that was promised? I confess to opening it with great expectations only to have my hopes dashed once again. Not sure what I was expecting. Anyone following the Portuguese elections might be surprised that Lithium is not getting much coverage. That is apart from the PAN bunny/hare cuddlers?https://www.portugalresident.com/pan-speaks-out-against-portugals-loony-tune-lithium-policy/

Ticking up nicely most days. 5p seems definitely on the cards if not this week then next. After that, post elections, post approvals, deals etc I am expecting multiples of that.

It may be even more? We have 707,000 T lithium carbon equivalent out of the 27MT resource estimate. At £35000/ tonne my calculator says that is almost £25 billion? And as IB will say, there is more to come!

Yes, reminds me of my old DB6 Vantage with the Kama tail! Bring it on!

The auction should help with our valuation in terms of understanding the market price for nearby tenements and highlight the value of our “oven-ready” project.

Given that the 24 hour process technology appears to be new, there may well be a lot of unknown risk involved in the Rincon project.
SAV seems relatively risk free in comparison. Once Portugov has approved the EIA then things could get very interesting!

Jonners, you invite us to look at “the facts” but provide no guidance or reference to find them. Was this just a late-night oversight or perhaps they are a figment of your imagination. In either case, not very convincing. Mining does take a long time but scientific research takes even longer. Other than hydrogen power for certain applications, I see no alternatives on the horizon but please advise if your facts present a different picture?

If you can smell the coffee it means only one thing OTH ……you haven’t got Covid!

……and still no sign of your UCL mates revolutionising the battery industry aka the death of lithium? Your first post in a new ID? Not very imaginative? Was “The Grinch” already taken?

On what basis many I ask? Are you seriously comparing us to BCN? Unlike BCN we are not dependent on Gangfeng or the like for funding or technical knowhow or indeed offtake. The EU banks will be falling over themselves to lend on this low Capex, high return project. We also have GALP and Northvolt ready to process the product locally. The mining process is standard and well tried. Absolutely no comparison to BCN.

Hi IB, answers are yes, yes and hmmmm…..(pondering)! My sums are indeed based on the bird in the hand, not the two in the Portuguese laurel.

Good find! Although this is a brine project, you can compare the LCEs. SAV has 707,000t lithium carbonate equivalent, “LCE” and Rincon has over 1million t. On that basis Rio should be happy to pay about $600 million for SAV’s lithium resource (Our current market cap is under $100 million!). Under offer we should be worth about 25p a share.

… between SAV, GALP and Northvolt…” Galp and Northvolt intend to secure lithium supplies from British mining firm Savannah, which says it holds one of Western Europe's largest lithium deposits in northeastern Portugal but must await the regulator's decision next year.”
https://www.france24.com/en/live-news/20211221-portuguese-lithium-fuel-of-europe-s-electric-vehicle-revolution

Regarding access to land. All bets off for delisting for the time being it would appear.

Good to see the Bondalti and Reed project appearing on the map too.

Always a bit late and posted without fanfare! https://www.savannahresources.com/cms/wp-content/uploads/2021/12/Newsletter_community_October_.pdf
Apparently we have started the process of buying properties in the mining area (as well as fixing someone’s roof?!).

Can’t argue with that!