Market Cap16 Apr 2023 13:47
Hi Guys, I think we are due a rerate pretty soon as our market cap is £220m (first shipment before month end) vs KOD £135m (production in one year min) vs ALL £206m (production in 2 years min).
We definitively need first shipment to be around the 1,000 tonne by end of April and 4,000 tonne by end of May.
This will prove that we have spodumene concentrate (SC6) at Zulu. However, I cannot see CanMax Technologies investing $35m without any guarantee of the above.
GR, we are all waiting for the RUS, the DFS, the mining licence for the EPO area, production and financial data by end of May, beginning of June, time to deliver !!!