Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@dazaliam
Why is it pointless? The underlying value of the company will be in part determined by the resource in the ground. Though the comparisons are largely academic at the moment, they are still useful in determining what the market cap could be when we get well into the production stage.
GFD, I'd like to think that, but I just don't see it as of yet. The volumes are very small at the moment and even after the release of some quite positive news on 14/12, we still dropped below .13 a share.
I'm eager to be proved wrong but as I keep saying, I doubt we'll get above .2 a share until we're much closer to production. As always GLA.
daz, the RNS of 05/09 stated that KOD aims to get a ESIA completed in Q1 2019 followed by the lodging of a mining licence application with the Malian government in Q2 2019. Now while I accept that the lodging of a mining licence does not necessarily mean that we will be in production by the end of 2019, I don't consider a friendly wager dedicated towards a worthwhile cause "dumb".
daz, that goes back to what I said in the previous comment: "While a success of one company may prove to the market the reliability of pursuing and producing lithium in Africa...". I'm not denying the possibility of a bit of a rise as a result of the success of one company. However I don't agree the return for KOD investors will be particularly spectacular if BGS manages to solve its issues and beat us to production. In fact I question the enthusiasm for BGS that you continually express here...
I too have been confused as to the particular relevance of BGS to KOD. While a success of one company may prove to the market the reliability of pursuing and producing lithium in Africa, I don't buy the "rising tide lifts all boats" argument in relation to this topic.