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Daz, those that were waiting to pick up cheap Leo Lithium shares upon lifting suspension I imagine too. Everyone appears to have given up on their board about the possibility of an agreement and avoiding their removal.
So some investors will be looking for a new home.
Lithium price increase may well have influenced investors but really low is probably better for us until into max production from the DMS.
When we get the annual report around the end of the month it will be the first time that the asset value will be in.
That will wake some people up.
The following March 2025 any update on the lithium resource will also be in and hopefully a Goldfield.
Merc, don't blame you it gets a bit intense at times.
Everything going well though.
ECOWAS going well as they want to rebuild the alliance between Niger and Nigeria that worked so well in the past.
Annual update due sometime after the end of this month and the weeks are just flying through and countdown until production. Almost three months since we received the 100m dollar Another 3-4 months and both plants will be nearing completion and ready for shipping.
Good feeling.
Our plant on the other hand is old proven technology and as you say is pretty much plug and play.
Bernard has tested and tested again the material and us, like Leo Lithium next door have tiny amounts of impurities in our samples which means we don't need to add specialist removal equipment for those impurities.
Also because the impurities are low they won't impact the plant's ability to function as normal. Rollers will not clog up and become ineffective magnets etc.
It will be great to see those two plants on site later this year.
Daz, I think those companies you refer to with UV sorters, I actually think both are good companies.
Tomra is World class. The other one trouble shoots and inserts machinery into mines that have a problem, so they solve issues. They are competent too.
I don't think that they are the issue.
What happens with Tomra is they take large samples, hundreds of tonnes, maybe more, ship it to their test plants then check the actual samples against the data they are given. They then reconfigure the test plant to be able to process the material from that site, test and test until it is correct. They then take that configured plant to site and it has less teething issues.
Others don't do this and they rely only on data provided by the mining company, a cheaper shortcut if it works. But when that sample data is incorrect you can end up with the wrong equipment on site and potentially configured in an incorrect order too.
That is my interpretation of the problem.
My questions would all be around sample data, I think they relied on historic data and not their own. If it is their own, then questions should be asked.
Https://m.miningweekly.com/article/chile-wants-3-or-4-new-lithium-projects-running-in-2026-finance-minister-says-2024-03-04
Some countries completely lost their mind over lithium, Chile talking more sense now, hopefully the rest will follow.
Sharespy or Bernard. Bernard has not trusted any of the existing data on any of the sites, Fatou was incorrect data and poorer in one area than the original data, but looking amazing in another unidentified area. Had he ran with the original data he would have missed the gold.
The Basher, the Leo thing could make the difference, Leo Lithium if not resolved will be removed from ASX. If Leo Lithium and the Morila gold mine issue is not completely resolved then I can't see how Ganfeng can purchase their share of the mine, because the only asset Leo Lithium has is their share of the Lithium mine.
I would think that every large company with a JV with a small company may look at their partnership with more scrutiny and analayse the risk.
However if Leo gets all sorted before being removed, everyone may just move on and let it go, but who knows, we will have to see.
Agree potato head. I would think that if the whole site looked like it was going to continue building up the resource each time results came in, if Hainan were considering buying us out before DMS production, they would make it a good offer above current resource valuation. So I agree with you.
Of course Hainan would not be giving us an offer above to shower us with gifts or because the team are nice guys, it would be with the aim to get the final resource tonnage cheap. The longer they leave it with a rising resource the more expensive our share becomes.
We will see, only Hainan will know. Being a mining company once near construction they are well capable of looking after it themselves. But the Ganfeng Leo thing over the fence may make them think again about JVs and how long before a buyout.
Https://www.mdpi.com/2075-163X/11/6/649
2.4 if anyone is interested
Daz, yes it depends if the crystals and levels of impurities lend themselves to the DMS process or not.
For us on the identified veins allocated to DMS it does, but still some, what they call tailings, but what we here probably would call midlings, are going to be run through the flotation plant.
We would call all tailings waste only.
100notout, the mining office is sorting gold in the 2023 mining code update, just go to any gold site and there is reams on it.
About grandfathering rights, ore processing anything you are interested in - all relating to the mining office not being open.
I think I read a Barrick one earlier this morning and it was dated Feb 2024. Any Google and you will get them.
It is one of, if not the biggest source of revenue in Mali.
That is why the licence has not transferred. No other reason. The office isn't open.
But, for Kodal, it doesn't need to transfer, we are fully permitted and can mine as we are. For Hainan it does need to transfer so they have a JV arrangement and not just a lender of money with an offtake.