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I have been doing alot of homework comparing assets and valuations with Arizona Lithium (£169 mill MC), Lithium Americas (£417 mill MC), PREM (£97 mill MC) and Cypress Development (£121 mill MC). After this research, I have learned that It is important to bench mark against US listed or Anglo Saxon play miners who are closely based to BHLs business rather than African miners. What is clear is that San Domingo, our Hard Rock asset is not acknowledged at all in the current MC of £47 mill. There is basically zero value attributed to San Domingo which is surprising but at the same time we only get results in Q3/4. San Domingo is at least worth £150 mill to as much as £500 mill alone or more if it is indeed comparable to Kathleen Valley as the management suggest. The strike of Kathleen valley is 1.7km. The strike of San Domingo is 9km. The brine assets are barely accounted for in BHLs current MC. Huge potential here provided the strong communication and the continued bench marking of BHL against relevant competitors continues. Worth pointing out that the images of Wikieup and the hectorite drilled out are significant. The images of what clearly is hectorite could contain 3000ppm to 7500ppm Li.
It is just news, no new products will be visible for a while. The affiliate program kicks off soon and that should help. The issue of raising more money needs over and done with so we can move on too.
Ended the week 400k to 430k CNY
https://www.mining.com/lithium-spot-prices-soar-in-lunar-new-year/
1,000,000 CNY for year end is still possible.
Thacker Pass owned by Lithium Americas are. It is a huge deposit of hectorite. They need to do roasting as it is a bit more difficult to get the Lithium out but the Lithium is higher grade though, offsetting the higher cost of processing.
Nala, this is normal for a few reasons. GSF is not exactly on the radar of many investors. I can not say that the GSF management team market their business actively to prospective shareholders, after all they are well funded but it does affect liquidity. GSF is very much an income play with a small but reasonable capital growth. This impacts peoples investment risk appetite and also the attractiveness value. I think GSF is trading at a discount to real market value for a protracted period that will continue.
I see on twitter, 382,500 CNY which in real money is $60,169
https://twitter.com/hashtag/bhl?f=live
I remember when it was $52k a few weeks ago! Forecasts i have seen are for 1,000,000 CNY this year. It is still plausible. Miners who are well developed in starting mining and processing activities are STILL 2-3 years away from turning the power on.
If the results come out like i think they will we could go into 20p in one day. 33% gain on an RNS that triples our resources and and increases our Lithium grades, is not implausible. Management might feel a little pressure today to get the results out sooner rather than later because of the speculative chatter.