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EU and NEWS picking on Mali today.
I have never seen the West as well educated but dumb as they behave today, calling them sheep would be derogatory to the sheep.

Potato head and the brilliant thing is you can double that price and still be under, there is no fixed price agreement.
We created a BFS/DFS to gain the Hainan jv buy in, the BFS gave an NPV figure and if this fluctated by over a certain percentage it would have to be re written and resubmitted, so Bernard used a conservative figure to ensure no hold up and to over deliver rather than under deliver.

You can contrast this with many relatively new projects where they have quoted the 6k figures achieved last year, the price dropped and they are 17% out on all of their calculations already.
Bernard is smart.

Elcobble, he is right there is no payback for Hainan, they bought in.
There is a payback for our five million plus from early production, but that amount is peanuts.
In the original plan Bernard thought they would be raising finance and repaying it through production which is where the confusion has arisen.
Which is also why I wondered what the offtake principles were? Could Suay Chin have to give us so many months production money upfront?

Potato head, I am considering something similar if he makes us rich too, toilet lid is looking hot favourite. Not sure if it should be the inside or outside.

Comeonbernie - kiss of death

It is a shame Furion as some of the Fords look great.
I like the way BMW hid all of their problem cars, the public buy them as M3, M5, 316, 325s or whatever. But BMW for problems use different model numbers such a N prefixed numbers. Once you know that number a world of issues comes to light!

Elcobble they look very similar, Kia EV6, Lotus and Tesla X.
I think the Kia name will deter many.
Like Skoda, people get hung up on the name.
Daz, Mustang looks good, I like Ford Transits every other Ford I owned was a problem even their diesel car engines. But a Transit takes some beating.

RNS Jorc update 28/02/2019 21.3 million tonnes of Lithium.
Once these current drill sample results are complete will they be comprehensive enough to add to this total?

Dan-mar, lol, yes that was a problem with the Jags too. Some software which was placed on all of the higher range new cars, overtaking safety, white line lane technology etc had issues, passing cars parked partly on the pavement was one, but when launched if the experience was on an electric car, the electric car was blamed, but it was crap on all of them.
I have not driven the VW but I did hear it was good.
Seems like the TV likes to criticize the top brands more than the newcomers, I noticed the trend with EVs.

Elcobble, that car is supposed to be better than the KIA. But honestly forget the name and give the KIA EV6 a go.
I think they made a mistake and did not follow Toyota's and most other car manufacturers by creating a top brand, ie Lexus and Audi.
Ironically that may let that KIA EV6 down. The GT version is quicker than a Porsche.
I drove the EV6 in the dark, cold night heater etc on, driven many real Range Rovers, the top ones and this car was up there with the ride on very difficult to drive roads with poor road surfaces. Very nice to look at car, sporty and futuristic, but practical. Plus if the power grid fails at home, it has a three point plug in the back and you can power your house for a couple of days! I kid you not.

Elcobble, I thought hydrogen would take a large chunk of the business where batteries could not provide the range etc.
Then I drove a KIA EV6, completely changed my view. Quality and ride up with top of the range Jags and Audi's, better than most Mercs, big range and better driving experience than all but the crazy combustion vehicles, Porsche 911s etc.
That new Volvo truck which is fully electric I did not expect to see until around 10 years time.
As a complete petrol head I never thought I would hear myself say it but electric seems better.
Mid to large motorcycles have not been cracked yet.
Surprised Harley has not developed an electric trike, they are missing a trick.

I am thinking the same Paris.
The way I guess things could play out, 100m in the bank before May, results start coming in from current lithium drilling which indicates more lithium, Bernard announces how many drill rigs will be on the lithium site, I am thinking three minimum on that budget, up two from the current one, the lithium results keep coming in and look like our estimated lithium is going to be multiplied. Bernard continues drilling intensely on Nielle goldfield and we get a maiden value before the DMS goes in to production. The DMS plant fires up and Bernard announces what percentage of the income will be put aside for the flotation plant and allocates 5m per year to purchase our own share stock and erase those shares. In those circumstances when or just before the flotation plant also fires up to be honest you can take a guess at the share price but 5p in my opinion, as long as lithium is over 4.5k, would be a disappointing result.
We would be very cash and asset heavy at this point. If Fatou goldfield also was a runner it could get crazy.
Also because we have a lot of cash the top exploration sites become affordable, the sort of sites the big boys buy, that could take us up another level.
Because Mali is tightening up on the gold mining licences, some good sites which were being sat on with no activity may become available too.
So many possibilities once we get the funds and start up the DMS.
If Nielle gold field is viable we have an amazing geologist with Bernard two attempts and two hits.

Bumping along, I do agree they have a lot of work compressed into a very short space of time, I would not be shocked to see the long stop adjusted.
I hope it does not happen.
That said, if you are second in line if Hainan did not complete everything in time, you would not be happy with the deadline being extended.

Dusty, Bougouni West sale may be next RNS

Ps Clapa, I would go with your theory somewhere between 400 and 1600.

Clapa, when I have read the lab processes for dealing with samples they generally talk weights, grammes up to 5kg.
The metres to sample results baffles me.
So 800m into sample numbers I have no idea.

Each drill is generally down to no more than 120m, so clearly Bernard is talking samples only.

Aussies must talk in metres rather than numbers and weights.

Clapa, any idea of how you divide that into individual sample numbers?

Short answer - I think it was a lot of samples - so I do not know!

Dusty, I am hoping soon, however when they placed gold activity on hold and focused all attention on lithium last year, I am uncertain of the amount of drilling on Bougouni, if it is all of the samples for that period it will be a lot of work for the lab. I wonder if they wanted to see if Hainan completed and make sure they were ok with the independent lab they were using?
I can't remember Bernard specifically saying how much they were submitting, does anyone else remember any specifics?

Another week gone, down to 9 weeks max before 100m deposited, shares transacted around the same time too, a further 17m.