Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I agree TBTT. It was pleasing to have correctly decided that the drilling results were likely to be good but disappointing that the 1.25 level continues to be a ceiling for the sp. As ever we have to decide whether in the short term,pending further news, the sp will continue to drift back down and I suppose one factor is whether, with the latest and very positive developments ,we will need a fund raise earlier than we might otherwise have anticipated
Well said Primus. In fact RL has mentioned from time to time that he has held varying numbers of shares in AMC ,although I don't think they usually amount to a large percentage of his portfolio
Blue. If there were to be a vote as to whether you or RL must cease posting , you would not stand a chance. This is a forum for intelligent debate and RL has been a valuable contributor for many years.
Hopefully will be confirmation that the Plan of Development and Exploitation Area have been agreed and the Licence Application finally submitted to the Minister of Mining and Heavy Industry. So I wonder whether he will simply rubber stamp
it or raise queries and how long this process will take. For once could this be dealt with expeditiously or are we faced with further long delays ? Difficult not to fear the latter which probably explains the turgid sp but I for one do feel we will get there at some point in the next say 2 to 3 months
In the absence of any comments and in attempt to answer my own question I carried out a little research which revealed that typically copper concentrate contains about 25% copper by weight.However it is far from the finished product.So a tonne of concentrate must be worth less than 25% of a tonne of copper.How much less I don't know but if it were as much as 50% our 493 tonnes of concentrate would be worth about $1200 per tonne ie about $591600. Very happy to be corrected by anyone with more knowledge of this subject than I have,which gives plenty of scope for contributions
TDT. This appears to be your view and if this is the aim of the bod I wonder whether the plan has changed since Adam was appointed in that he said that the next step after the TEO is lodged is to secure a binding offtake so as to fund the BFS. If the for sale sign is to be hung up after we have the TEO and reserves figures am I right in thinking that a binding offtake could actually deter some potential purchasers in which case we would only go down that route if a purchaser could not be found.?