Member Info for EarEyeAm

I'll be buying again soon. I'm just drawing down 25% of three old pensions (quite a lot of money total) and will be reinvesting in stocks, as my investing has massively outperformed those pensions. It really makes me wonder what we pay them for when I can do a way better job of it in my spare time than they can doing it as a full time job.

I see we have a two-bit shorter arrived with the usual deramping nonsense.

To clear up a point raised a week or two ago.

PL3/55 Mankessim 74.67 Km/2 holder Barari DV Ghana Ltd

PL3/109 Mankessim South 13.02 Km/2 holder Green Metals Resources Ltd

"The Project intends to transfer a portion of tenement PL3/109 from Green Metals Resources Ltd ("GMR") to Barari to enable Atlantic Lithium to apply for a single Mining Lease covering the Project area."

PL3/102 and PL3/106 are the Joy Transporters licences and are definitely NOT part of the mining licence application.

As far as upside potential goes, the 102/103 Lithium licences cover 136.23 Km/2 versus the combined 55+109 licences at 87.69 Km/2.

This means that if the two Joy Transporters licences (which are next door apparently) have the same level of Pegmatite, we are looking at a 155% resource increase in the future. And there is still talk of doubling the reserves at 55+109 to 70Mt, which would mean the JT licences looking at 108.5Mt and the combined four licences hitting 178.5Mt.

Atlantic Lithium has identified an opportunity to conduct early processing operations using a modular DMS processing plant and contract crushing services. The early production will precede the primary processing plant by nine months.

The pre-production flowsheet design criteria are as follows:

- 600,000tpa ore processed, with the DMS plant treating 375,000tpa after fines are removed; and

- The modular DMS plant will be operating at 80% utilisation for a feed rate of 50tph.

The contract crushing provider will crush ore to a top size of 10mm. The DMS feed material will be screened at 3mm to produce DMS feed (-10mm+3mm) and a fines stream (-3mm). The DMS plant will produce a spodumene concentrate, along with the deslimed fines as a secondary product for sale.

The DMS plant will be two-stage single size fraction process all using conventional DMS equipment. Grits and fines generated in the process will be thickened and filtered to produce a dry tailings which will be stockpiled along with the middlings.

The crushing contractor will provide an all-inclusive crushing service. The Modular DMS plant provider will supply experienced labour to commission and operate the processing plant for the first three months. A small team of Atlantic Lithium operations personnel will be recruited for operation of this plant to be trained and become familiar with DMS operation, and will later transition to the primary processing plant when the primary plant begins production.

The 19 months payback is just, as stated, and indicator. That is not likely to be how it's done though and hence isn't stated as that.

With a mine life of 12 years, for tax and cash flow reasons it would be better to amortize the costs over 10 years, thus making a profit from year one.

Laughable.

Production next year with the modular DMS.

Share price upside when ii's finish doing their due diligence over the coming couple of weeks

Upside from mining licence, due soon, likely just waiting on the DFS to prove up the mine economics

MIIF investment soon too, showing huge government backing for the mine

More upside from continued drilling

By the time you've waited 18 months you can get back in for £1 a share, your choice.

It's a really positive DFS.

Don't worry about today's price action, its probably just short term investors selling out because the timeline is too long for them. Over the next couple of weeks the ii's will be doing their due diligence, the ALL brokers will be spreading the DFS far and wide to them, and the price should creep up as those ii's take the stock into long term funds.

Interviews are likely this week on investor sites too, explaining just how positive this DFS is for the company.

The supply chain for electric car batteries is changing the world’s geopolitics

The rising demand for electric vehicles is changing the geopolitical landscape, as the world pivots away from fossil fuels towards the materials critical to the EV supply chain. As manufacturers and countries race to secure the supply of raw materials for EV batteries, new opportunities and geopolitical risks are emerging. Benjamin Jones, Viet Nguyen-Tien, Robert Elliott and Gavin Harper write about the implications of the race for battery-critical resources.

The potential future imbalance between supply and demand is a concern. Some critical materials are used in multiple emerging technologies, and as these technologies are being rapidly adopted, the demand for these materials is growing exponentially. For example, the global demand for lithium is expected to increase by up to 89 times current demand by 2050. However, meeting this demand involves long lead times, averaging around 16.5 years according to the IEA.

https://blogs.lse.ac.uk/businessreview/2023/06/27/the-supply-chain-for-electric-car-batteries-is-changing-the-worlds-geopolitics/

The supply chain for electric car batteries is changing the world’s geopolitics

The rising demand for electric vehicles is changing the geopolitical landscape, as the world pivots away from fossil fuels towards the materials critical to the EV supply chain. As manufacturers and countries race to secure the supply of raw materials for EV batteries, new opportunities and geopolitical risks are emerging. Benjamin Jones, Viet Nguyen-Tien, Robert Elliott and Gavin Harper write about the implications of the race for battery-critical resources.

The potential future imbalance between supply and demand is a concern. Some critical materials are used in multiple emerging technologies, and as these technologies are being rapidly adopted, the demand for these materials is growing exponentially. For example, the global demand for lithium is expected to increase by up to 89 times current demand by 2050. However, meeting this demand involves long lead times, averaging around 16.5 years according to the IEA.

https://blogs.lse.ac.uk/businessreview/2023/06/27/the-supply-chain-for-electric-car-batteries-is-changing-the-worlds-geopolitics/

Ok, thanks, I'll put it in my diary and check it out at the time.

We have been told that the DFS would be out by the end of June. 28th seems as good a day as any, with only two more days left after that to the end of June. They said they were 'working hard' on getting the DFS out on time. One would think that they would be trying their best to get it out on the 28th.

Have you watched the videos I posted? It is evident from these videos that the 70m target is for increased mine life to enable in-country processing. He says that processing is not an option with 35m tonnes as it is a 12 year LOM. So by the time the in-country processing is built, there is not enough LOM left to make it a viable option. He then indicates that 70m tonnes give a long enough LOM to make in-country processing viable.

That 70m tonnes ambition fits with the Government desire for in-country ore processing. It sounds like ALL and the Government have been actively discussing this and are both singing from the same song sheet.

I'll wait to see what the divi is for 2023 then. The reason I asked here was in the hope of getting the correct info instead of relying on possibly out of date websites, not because I can't do research.

In one of those videos he talks of a potential for 70m tonnes. That is something he's hoping to reach in the next couple of years so they can become an integrated chemicals producer via a tie up with a downstream chemicals company. That is what long term investors can buy into today at a bargain price compared to what the price will be in a couple of years.

"Included in the study will be the recently increased mineral resource at Ewoyaa, Atlantic Lithium said, with the DFS also to evaluate an extended mine life and increased throughput to enhance the project's economics."

https://www.proactiveinvestors.co.uk/companies/news/1009066/atlantic-lithium-expects-definitive-ewoyaa-study-in-next-quarter-1009066.html

At 20:39 only 3% explored

At 20:49 Passive Seismic results in the next 2-3 weeks (video was out on 7 June so 3 weeks next Wednesday).

https://www.youtube.com/watch?v=m-HHZswHohM

At 3:53

"We did our clear down maiden resource in September last year of 18.9m tonnes that was still based on a 30m tonnes resource. We're now sitting at 35m tonnes."

"We're looking to update our reserves with our DFS that's coming out soon, to see that maiden reserve of 18.9 being lifted up to reflect the 80% of our resource now sitting in measured and indicated.

https://www.youtube.com/watch?v=ep-abFsCgcE

When do you think the dividend % will go back up? Currently no better than a deposit account according to the below but in the past has been substantially more.

https://www.dividenddata.co.uk/dividend-yield.py?epic=PSN

Good stuff. Thanks.

12p resistance, then 14p and 16p, then 20p. If it gets past 20p the sky's the limit.

The 3 year chart looks nice for a revers of the curve, and is that a shallow double bottom too?