RE: 2.5m23 Oct 2023 14:42
Yep see recent interview.
-Because there’s also the San Domingo pegmatite district
-Here, the company recently returned 1.6% lithium over 35 metres in drilling which, according to the best available data, was the sixth best lithium interception anywhere in the world this year.
-What’s more, the plan is to move fast on San Domingo.
-“Drills have been turning,” says Stalker.
-“We should have results within a month. We can see the spodumene.”
- He talks of potential production in 2025, and notes the apparent eagerness with which the Americans are permitting lithium projects at the moment – not only has Thacker Pass been given the green light, but it’s also benefitting from hundreds of millions of dollars of US government funding.
-but what is worth noting is that the capital expenditure required to get San Domingo into production looks likely to be very modest, perhaps a long way below US$50mln.
-Bradda Head has influential investors, both in terms of super high net worth individuals and institutions, so finding such funding is unlikely to present any real hurdle. The question will be how good the project actually looks when it comes to the economic studies.
-“I think the margins will be robust,” he says.
-Even with a depressed lithium price of around U$2,600 per tonne, a realistic operating cost might be US$600 per tonne. That’s plenty of room for manoeuvre, and ought to give anyone who thinks the lithium price might be due for a turn pause for thought.
-“Our market capitalisation is currently peanuts,” says Stalker.
https://www.proactiveinvestors.co.uk/companies/news/1030334/location-location-location-bradda-head-s-ian-stalker-talks-lithium-in-the-usa-1030334.html?utm_source=newsletter&utm_medium=sendy&utm_campaign=uk_weekly
looking good for the future
chute
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