Member Info for elcobbledore

Nice one Daz, yeah roughly double what Bernie used in his calcs, under promise and over deliver is a great business strategy.

Interesting Daz, wouldn’t surprise me…Dr P well current price of spod is over $3.9k per tonne. Bernie has assumed $2k per tonne which just for DMS over a 4 year period generates $1 Bn over revenue. So if current prices hold make that almost $2 Bn in just 4 years. Tasty!

True, only 14 more business days to wait, not long now.

Yeah great news! For anyone keen on crunching their own numbers here is the link to the live lithium spod price

https://www.metal.com/Lithium/201906260003

Cheers

El C

Hi Nana hope you’re well. For what it’s worth I do think there is potential of FRG and BHL long term with still low market caps. I bought some at the wrong time there but think may do well over medium/long term. Put the bulk over here though as Kod has extremely strong fundamentals and is still way undervalued. Good luck whatever you choose.

Just had a fortune cookie and said five days from now will be your lucky day. Fingers crossed although don’t rely on fortune cookie data…

Exactly, a max of 18 working days to wait…

Personally I think now is a bad time to sell. Here is why…current analysis shows…

DMS plant over a 4 year period…

At current lithium prices £1,533,760,000

Less costs. Capital cost of £52,000,000, c1 cash and selling/transport cost of £233,376,000 leaves a total profit of £1,268,384,000 over the 4 year period.

Kodal’s profit is 49 per cent of this so £621,508,160. I think the Malian government will take a slice of this too, tbc.

This is just the start and a baby DMS plant, over just 4 years…wait until the big floatation plant comes along…

On top of this we have significant gold reserves with current 350k at current prices £566,300,000.

Yes the lithium price may be lower than current of £2,983 per tonne but Bernie has accounted for this.

So will I be selling now?

Hell no.

I have no idea but my guess is to minimise tax?

Ok nice one Daz thanks.

Cheers Daz, am I over simplifying by saying defined resource of 350k at current prices is £555m? Surely that just can’t be right as that’s not even all the gold? Just the gold itself could be crazy money. Maybe I am missing something though?

That’s a good point Lav, thanks for the input as always.

Hi Lav/Daz hope you’re both well and had a good bank holiday! From memory we have an estimated resource of 350k Oz gold right? But this isn’t a fully determined resource?

Ps can also be people just buying shares with the tiny bit of interest they receive in their account too

Yeah I agree north trader, we are in theory just at the start of a rise according to the lassonde curve. Not saying it will be exactly like that but institutional investors will wait until the $100m lands and then we should see a decent re rate when it’s fully de risked. Gold in itself for current resource and price is worth £565m. Hopefully we can get some drill results shortly, I think these will show a significant resource upgrade but we will see. Clearly Bernie, Steve and the Hainan group have a fantastic relationship and judging by their grins they know what’s coming!

Yeah if people keep moaning about how rubbish it is just sell up…clearly we know their agenda so they can buy your shares. Filtered.

Just remember there are only 20 working days of trading until we are expecting the big $100m due to the bank holidays. News could land before that of course, so really not a long wait…enjoy your bank holidays kodal holders!

Pleasure pharmaguy have a good weekend mate

Here we go

https://www.metal.com/Lithium/201906260003

$3.7k current price vs $2k used for calcs for DMS plant so current price still way above Kodal’s calcs.

We are kodal not cirque du soleil.