JD
Gold has already been extensively drilled with 12,000m which is substantial and the grades were excellent.
See:
https://x.com/Butterheart886/status/1780159776158109711
As for lithium Liontown have conducted extensive due dilligence and indentified several pegmatite rich zones in close proximity to world class tier 1 lithium deposits and mines.
https://x.com/power_thompson/status/1770817023162949769
Liontown last year recieved and rejected takeover offers in the region of $3billion. This is in the public domain.
Bring on the updates as the uplift potential from here is huge.
Highly prospective area for world class gold and lithium grades as per the above.
Timed it right. News of this hidden gem is making the round. Expecting a lot more interesting and demand for shares.
I'm in. This has been on my radar for a while and the investment case is compelling to say the least.
Also a bonus is the company has a price history of big moves and this was before it has the partnership and cash it has now.
Nibbled at some. This looks ready for a bigger move.
Going to plan: easy hold from here for a huge re-rate.
-DFC royalty payments
-Graphite supply battle
-£2mil premium cash raise at 5p
-Completion of last bits of test work demonstrating world class deposit again
-Offtake announcement which ties BRES to a global company for graphite supply. These offtake deals tend to range between $5-25million.
-Completion of the DFS
-Announcement of production plan for 2025
Great podcast
https://www.voxmarkets.co.uk/articles/q-a-with-atlantic-lithium-executive-chairman-neil-herbert-90cbc8f/
Lots coming this way
*All permitting to complete
*Ratification of the mining licence in parliment
*2nd stage of MiiF investment - US$28MIL
*Final offtake announcement and completion
*Completion of the Ghana listing
*Final set of drill results from the dog leg before the resource increase
*£2.8mllion worth of shares purchased by directors in under 18 months
Neil reiterates the significance of this quarter as being very news rich and the expectations (not in any particular order):
*All permitting to complete
*Ratification of the mining licence in parliment
*2nd stage of MiiF investment - US$28MIL
*Final offtake announcement and completion
*Completion of the Ghana listing
*Final set of drill results from the dog leg before the resource increase
Yes, will achieve 2-3x 100mil when producing. I mean around 100mil when the offtakes are done, DFS complete,DFC or offtakers move this to production.
Also to consider is that only like 2% of the resource area has been explored...
Massive upside and funds and partnerships in place and more coming to unlock it all. ;)
-DFC royalty payments
-Graphite supply battle
-£2mil premium cash raise at 5p
-Completion of last bits of test work demonstrating world class deposit again
-Offtake announcement which ties BRES to a global company for graphite supply. These offtake deals tend to range between $5-25million.
-Completion of the DFS
-Announcement of production plan for 2025
What a year in store.
That's actually quite a conservative ramp! I think that kind of recovery is realistic in the near term.
The lithium price is still going up and more will come here.
Lithium prices continue uptrend, spot spodumene going to $1200 it appears.
These are some very good grades today and with a resource increase coming at the other project along with a hefty royalty payment I like the upside from here.
Spot for LC and SC6 up. Lithium futures up.
Neil chucks in another cool 24.7 grand. Now plenty of skin in the game from board.
They look to be positioning themselves for a hefty rise - perhaps either coming from material newsflow or a 3rd takeover bid. Or both....
Makes me think back to the recent Rock Stocks channel interview with Neil in which he said from current prices you could see a quick 100% uplift. Bid between 35-40p to come I wonder.
25% so 5k of my new ISA allowance will be going to BOIL :)
They've already bidded twice without those elements and increase their stake this year.
Lithium continues to trend up.
Perhaps news next week. Gla.
Lithium uptrend continues
Spodumene up again and last trading session today before the news rich Q2 kicks off next week. GLA.
Hi Swest, check out the spodumene auction yesterday where it sold for $1,300 hence why the price is still going up.
https://x.com/SharesChat/status/1772727069564182637?s=20
In short lepidolite is a short term solution that was needed to plug the supply deficit quickly. But it's less than ideal.
The processors would much prefer spodumene and I believe going forward it will continue to fetch premiums.
As you point out ALL is positioned well. If prices go up the company makes a killing. If they go down it survives, others shut up shop and gets a bigger slice of a growing market.
In terms of development I am very positive. Q2 is next week which is set to be newsflow rich.
Ghana listing sounds about done: Https://gna.org.gh/2024/03/atlantic-lithium-limited-in-the-process-of-being-listed-on-the-stock-exchange-gse/
Offtake and ALL remaining permitting to get over the line this new quarter.
Spod up + US$18 last night = + US$6.57MIL future revenue pa.
Great find. The listing will make a splash on their markets and so should see a few whales build a position.