Member Info for Laverda

Rockspeculator costs in the initial assessment were 520 dollars per tonne.

Rockspeculator- leo lithium nearby has the same size patch as our mining licence area is still drilling to add to their jorc total and are now up to 140 million tonnes.
As you highlight our resource currently is 21 million tonnes, we have drill samples currently in the lab and Hainan are providing over 20m dollars to define our total resource.
Imagine your figures after this is added!

Agree elcobble, plus remember we are going to supply the Asian market at the lower end with much of our material, those prices should be more stable.
Electric vehicles in the poorer countries are looking better than traditional vehicles, tuk tuk and delivery vehicles especially. Building up a mixture of new and recycled batteries is the point where that will lift off, loads of batteries on solar charge etc, but servicing costs are very low on electric vehicles.
The vehicles are expensive not government subsidised but still selling in numbers.
If you go onto YouTube there are many shops selling them in their own language.

Furthermore Hainan operate in a very tough market with ore.
They will be absolute masters of efficiency and as the tonnage rises at Bougouni I have no doubt that they will have excellent input into raising efficiency and lowering cost in the materials handling and transportation element of the process.
We are very fortunate with Bernard that he operated as a geologist in a very large company and will fit in easily with the Hainan structure and understand why they have various meetings and processes. Other CEOs may struggle to operate small exploration sites then next day walk into a boardroom and deal with processes and politics of massive organisations. Bernard has lived in that world.

Elcobble I am a bit more cynical about the current drop, we have seen many projects in the west and elsewhere mentioned such as the potential french lithium project, where they must have a high lithium price to cover high overheads and relatively low mine outputs.
China will make these projects scary for investors and investment capital may not flow as freely as people initially thought.
A warning shot across the bows of competitors.
Furthermore projects which self fund in small outputs with high overheads will also feel the heat.
Bernard was smart using a low lithium price in our calculations and using the correct methods to bring overheads down as low as possible, remember initially we were building a mine to operate with a lithium price of 780 dollars per tonne. Hoping it may go up by a hundred dollars.

Ivenoidea, even better Steve has loads of experience in the following stage, in setting up mines, Africa and lithium, we are in good hands.
Not many have experience in lithium mining.
Bernard can focus on adding to the resource with his geologist talent and finishing Nielle goldfield to maiden value.
The maiden value could scrape in this year.

Savs agree, our neighbours npv is 2.9bn on less than one third of our acreage.
Hainan are providing 20 million plus for drilling once the cash is in.
We already have a lot of drill samples in the lab.
This may be mega.

Catsize, I remember you from 88 also ok too.
I agree you can't tell who is who on the boards.
All of us make mistakes, most of us got it wrong last year when we misunderstood what Bernard said and thought he had submitted the licence changes around November.
The more a share grows and hits turning points the more the board attracts all types, 88 had more than its fair share, excitement and anxiety can create heated moments.

I agree with Paris regarding Clapa, works hard to dig up information when we are searching for it.

Kind words - thank you

Invest, Hainan is driving the new plan, DMS then big flotation plant and loads of drilling, until the cash is in, I don't think it will be submitted. It is a quick process.

Stjune, market capitalisation has no value you can't sell it.
What drives market capitalisation if it can be sold has value.
For example a gold mine with a market capitalisation of 50m, with gold being processed valued at 50m is not a great risk.
A goldmine with a market capitalisation of 50m, with no jorc, no significant mining licence and years from real production has risen on sentiment.
Try selling sentiment on e-bay or Amazon.
Normally losses are less on AIM when underpinned with an asset if it all goes belly up.
AIM investors call the investors who blindly follow market cap and popular shares as rainbow chasers.
AIM is high risk and high reward, the completely unexpected normally takes good businesses out.
Hyped dross is also everywhere on AIM too.
Investing on AIM is great fun, but you always have to be prepared that you can lose everything.

Yes, Hainan have done their part, so Kodal can proceed and move assets etc around in the subsidiary companies ready for the funding to arrive.
I am sure Bernard will have that all prepped and ready to go.

Damole- how close is the first Goldfield to a maiden value?
Is it just a few weeks or a few months?
What will the value be?
Will they still monetise it quickly as previously planned, or due to the Hainan deal, now alter plans and mine it instead?
What will the lithium drill results in the lab tell us?
How can anyone predict how other investors view a company?
Answer these and a hundred more and someone may have a result worth considering.
The company value is well ahead of the share price, that we do know.
Over the following months after the cash drops in the figures will get updated.
With that drilling budget it is just going to keep ticking upward, right through the maiden gold value up until DMS production and beyond, on this massive plot they are still going to be drilling when the second plant goes online.
As long as the results remain positive it should keep ticking up like the American debt counter.

Agree Daz, the only buyout I could foresee is a Hainan buyout of our share
I could not envisage that before Kodal had an idea of the total value of what was being sold.

Ghoti, you summarise my concerns perfectly.
We have 350 square kilometers.
Next door has 100km square, close to our mining licence size of 97km square.
On their patch their latest presentation states 140 million tonnes with an NPV of 2.9bn.
Selling yourself short could be a major issue here.
I understand not being greedy is a good thing, but the top of this company could be really high.
2027 is the aim for the second plant to be up and running.
The top could be anything here, even some of the daft pence thrown about tongue in cheek at the very start.
A nice dilemma when it arrives.

Guido, someone on here knew a lot about their agreement because there shareholders were upset with their deal, it was signed and agreed just before lithium took off, but the final signature was afterwards some could not get their heads around the first signatures being binding.
I cannot remember who it was, Daz may know about it, or remember who on here knew the details.

Guido, our spodumene price is floating - no agreement unless they negotiate one in the offtake agreement this year.
Unlikely.

Jkmeens, reducing share numbers would not matter, you remain with the same overall value.
If it was dilution that you meant, apart from Hainan buying 14% that is not going to happen, we are fully funded.
If you have been following leo lithium, how often is their resource increased through drilling results?
Monthly, quarterly six monthly? Anyone know the timescale for each increment?
It may give us an Idea of what we might expect.

Tantalising, he will never stop hearing those words ringing in his ears.
We paused the Goldfields exactly around the time that the first maiden value was due. I would imagine that the last part would involve some cash and independent consultants to finish the job off.
If we were on track, we never got an RNS which stated differently, we must be in the region of 12 weeks max away from a valuation? It could be less?
Anyone else remember the timeline we were on?
If the value is over 45m, we are up 50% on that alone.