Member Info for Goolang

USA spodumene mine. HISTORIC GRADE OF 2.75% LiO2. NDA's with Rio, Albemarle and Samsung and an unknown DLE company...

San Dom assays and the Basin Clay JORC update...

The irony is that mode is the last company standing IMO in the UK crypto business but they spent so much cash on the THG payment rails which quite clearly they failed to monetise, thinking that the herd would follow when they became a payment option. Too late for all of the coins. Management don't understand they are a small business of 10-13 people with the CEO clearly not realising that she is needing to wear multiple hats from Office Manager, Project Manager, Fundsraiser, Business Development Lead and Marketing Manager all in one. Something that she is neither willing or able to do. No business/contingency plan in place for a bear market too. CEO and Chairman contradicting each other. CEO says ' we are shocked' Chairman says 'bout time, jail time' A mess really. Management need to cut costs and idle for the next 12 months, keeping the business operational. Suspending project work for the moment until the next crypto boom which will happen. Mode just need to survive until then.

Almost.....before xmas, think we will get at least 5 core assays hopefully of the 30 completed.

San Domingo assay results. Hard Rock deposit with historically mined assays of 2.75% average!

USA lithium spodumene mine, going for tuppence.

Not great quality spod, unknown deal for 50% of what is in the ground other than what we do know is that fact that you get $100 mill and 50/50 split thereafter. High carbon footprint, child labour? Petalite?

BHL neded this. Alot to shout about with this business.

Hopefully, some assays from San Dom. Defo Basin JORC update next week.

Any links to broker price targets?

BTC back to 35k would be helpful to broader market sentiment.

https://twitter.com/MinesAndMoney/status/1597596508538511363

The EBITDA will still be affected by the dilution of the subsidiary. It still has an impact on the parent company's earnings.

Let us see how they will finance this. They talk about offtakes, a good chance that they will have to lose alot of potential revenue for themselves and become a minor partner in their own plant depending on how the negotiations go.

No assays still for San Domingo. Lab delays.

Resource update for the clay deposit next month and an another update Q1 23. We are all waiting for the San Domingo Hard Rock news. Huge deposit it looks like. My guess after my research is that it is 70Mt-110Mt in size. So double Piedmonts mine size which is valued north of $300 mill MC. We need another 18 months really for more drill results, an earn in for some other assets (Oil Brines) and a PEA. It is very exciting at the moment but no one knows about the company. NDA's in place with Rio and Albemarle and a DLE company.

According to the secondary research, (textbooks) in general, lepidolite contains 1.39-3.6% Li on average and spodumene 3.7% Li on average.

They have a delay in getting turn around on the assays. I also think there was some push back in the project team about the value in issuing information on one assay core only. They do say that 'The Midnight Owl Mine, which has been historically mined at surface and has known lithium mineralisation, is where the Company is currently drilling and returning strong anomalies associated with these elements.'

The margins are in a finished product.....

If Mode can actually get 10 tokens up and running and stay away from the dodgy stuff ie BTC Jar/staking then MODE may have a big BIG rise next year. All could be forgiven if they stay laser focused over the next 18 months.