focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Great opporunity under 0.2
35 to 40mil value, I bet a couple of large Chinese companies who are buying out Africa are tempted to just load up on shares and build a position.
Neil said end of this year or early next, so days or weeks away.
@asllankukeli incorrect, last RNS.
George Roach, CEO commented, "I am pleased to share further important assay results from Zulu, and more so to report that within the main pegmatite ore body, all indications point to the mineralisation being almost exclusively spodumene with little to no petalite and equally low contained micaceous mineralisation carrying any lithium. The effect of this is that lithium reported in the intersections below is contained in spodumene, and the extension thereto being that lithium reported in our resource statements related to the main ore body is indicative of the spodumene content.
PREM a large pilot plant producing 50-60k tonnes of SC6 in 2023.
KOD no plant for 2 years my guess.
Maybe they'll need another placing given the cash must be running low now.
Bernie far too slow. Dont expect any production until end of 2024 now. Whilst PREM less than 2 months.
Thought I missed the boat to buy in again and will add 10mil under .5 today and hold until end of March. Can see 100% return by then.
KOD Checklist
-Proven resource with spodumene
-Updated PFS
-Mining licence
-Environmental permits
-In finance negotiations for a large DMS operation
In a good place and stupid market value.
This will multi-bag up until production
KODAL also expected to multi-bag from a low £40million market mcap. Proven resource, updated PFS, has mining licence, environmental permits and now financing for DMS to produce spodumene in 12 months.
Fantastic opportunity here.
200% rise to PREM current value level who are also still looking to rise more by a bit more by year end.
450% rise to ALL current value who will also grow in time.
KOD is a multi-bagger from here, buy and hold for great reward. Call it a ramp, but from 0.25p it is a steal ladies and gents and very undervalued given all the boxes this ticks.
My thought is that Bernie would want to get in production by end of 2023, which would mean financing is secured by the end of 2022. Let's see, as there are 3 weeks remaining if an RNS drops.
My conservative target after mine financing is issued in an RNS is Kodal's market value doubles and settles around £80 to £90mil, so SP hovers in a range of 0.48-58pence. Market value then rises to £120-£150mil a few months before mining starts. Then shoots to over £200mil after mining.
This is in line with many other lithium stocks and how they rise. DYOR GLA and all that jazz. ;)
Imagine Monday AM, $65million financing to produce over 130k tonnes spodumene beginning next year, meaning revenues over $500million per year.
Expecting 100-200% rise from just announcement of financing.
Expecting financing very very soon. You only have to look at how aggressive the big companies are with other lithiumg projects, PREM, ALL, FRG etc. Different and much hotter sector.
Comparison of African Lithium mining market caps:
KOD £40mil
PREM £125mil - over 200% upside to them.
ALL £250mil - about 500% upside to them.
KOD has a mining licence, environmental permit, recently updated feasibility study, Chinese offtake, over 20 million tonnes of lithium, a confirmed resource, DMS plan for over 130k tonnes of spodumene a year.
Difference is the others are financed. So bring on this massive news before the year is out for a share price rocket to the moon.
Nice, can't be long left now until there's an announcement. Multiple parties interested.
1. The lithium market continues to be very strong and our Bougouni Project continues to attract strong interest. The DMS development option has attracted interest from the wider market, and Kodal is progressing discussions with market operators and potential financing partners.
2. The Company is continuing to review and discuss potential opportunities for collaboration with third parties, including major mining groups, to support the development of the Project and more updates will be provided in due course."
If financing for a production facility that'll quickly churn out over $500million in revenue per annum comes in this month then the share price will enter a period of significant uptrend immediately.
o utilising a conventional circuit to maximise spodumene recovery of over 130,000 tonnes per annum of spodumene concentrate
Playing with some numbers:
150,000 tonnes per annum x $4000 per tonne (current contract price is $5,500 per tonne and auction around $8,500 per tonne) = $600,000,000mil revenue per annum.
Say half is profit = $300,000,000.
Add a conservative PE raio of 5 and you get a $1.5bil market capitalisation.
From the current $50mil market capitalisation this is a 30x rise.
Lithium stocks on the ASX see these rises transitioning from explorer > developer > producer.
GLA.
...and imagine if it's Ganfeng, Piedmont, CATL or Rio Tinto...
It's been over 2 months since Bernie mentioned the discussions for financing a mine. Final deal must be extremely close now.
If other lithium companies are anything to go by then there'll be multiple large entities looking to get this going.