RE: Hi All8 Jul 2019 09:00
Bib, there's clearly a lot of value in the ground at Bougouni and plenty more to be identified. It’s also clear BA is not currently willing to release any of the metallurgical results but given that our major shareholder has yet to sell out I am taking from this that the results are good.
The permits will go some way to unlocking the value stored in the ground, funding will obviously send the share price north and I am of the view that it’s there when required. Hence, I have loaded up on these at the current low price. Cashflow is a concern but not unique to our project and we have plenty to complete the current drilling campaign.
If we can get the mining application in before year end, then BA will have played a blinder in my opinion as the price of lithium appears to be following a predictable path which indicates the prices will increase from here.
In the meantime, whilst this ESIA is being translated into French we just have to be patient. It took BGS (MLL) 30 days to translate theirs according to Daza so on that basis we may well have something submitted within the next couple of weeks…
Any life cycle of a junior minor share graph will tell you that this is the time to buy if you believe the production decision will be positive. I understand some don’t although some clearly have an agenda to think that way. BA tells us that the current JORC is to be extended “imminently” so any production decision will not be based on the situation as it stands. The next couple of months will be interesting.