RE: Genuine guy22 Apr 2018 16:16
Rob7890.I don`t think anyone here can answer that question,probably the best place to find out is the Australian department that has the worlds best reputation for doing JORCS.
There are many imponderables to be covered in doing a JORC though a lot of these do not merit much attention when doing an initial one,as it can be upgraded on an ongoing basis.
Whilst time is finite the commitment to have one done is more important in my mind.Clues like the 5k tonne sample changing to a more flexible 3/5k tonne sample,the indication that SC would like the whole program to be accelerated. Taken in combination that there is a degree of competition to see who if either will build be first to build a Processing plant in Mali between Birimian and us.,this is more interesting long term.Processed Lithium is a lot cheaper to forward to China than Bulk Ore,Birimian looses points for rejecting a Chinese t/o previously whilst SC has a high degree of fusion with Kodal.If the Chinese play smart they will finance the plant and agree terms with both mines and monopolise and centralise their much wanted Lithium.The first step on this road would be a take bid for Kodal.
Given a plant is estimated to cost �34 million Kodal is unlikely to get the finance and Birimian even with its far higher Mcap would also be taking on a massive debt also.
Time holds the answers but competing against each other seems fruitless when there is a player already at the table with all the chips.The answer to me lies in the east and always has.
GLA.