the FUTURE3 Jun 2018 11:31
I always like to do this periodically have a think as to what the plan is for the future,some like to call it a road map.
Eventually enough prospecting and drilling will be completed to allow a JORC inclusive of scoping to be completed.If mining is financially viable the Lithium can be dealt with in three ways imo.Extracted inclusive of all impurities which i call rubble and transported for processing,hardly the most sensible.Screed what is mined on site,discarding topsoil,rocks and unwanted vegetation.Reqires buying/renting a screed or two but the end product sustantially less to transport.Both of these options can reasonably be paid for from the income of Lithium obtained by whoever is processing it.
The third option is to process and extract all impurities on site ourselves which requires a fully operational plant which is estimated to cost �34 million.
The first 2 options are clearly doable but is the third?
Those who say BA will tap the London EXchange market which they say he listed there to specifically do for �34M have two major problems.Opposition from BGS and possibly others I am unaware off and the other being the amount in question.Is the market going to support such a plant which at current prices is over three times Kodals Mcap?
I know nothing of mining or have never met any of the Directors but is this realistic or do we have delusions of grandeur.
Just thinking aloud.
Good luck all and don`t forget the gold.