RE: Video - Analyst Update26 Jan 2023 11:49
Sebo10.
I think it is more to do with the conservative way this company operates. In the Mayer video he touched on it, final confirmation of gold in one of our fields Noelle, but Bernard makes no comment and no guess to the ounces in the field. Other CEOs speculate, some even put it in print.
On the lithium front Kodal uses figures of 2,000 per tonne final material price, currently it is over 5,000, another CEO uses a figure of 6k per tonne!
We have a figure of proven lithium on our mining licenced land, jorc, NPV and BFS, yet Kodal have estimates for additional lithium on the land but never give a hint or estimate to us. Once through the correct system and fully jorc etc then we will be told. Again another CEO gives an estimate with not even a jorc.
Differences in companies, not many AIM companies, in fact none that spring to mind are as reserved as this.
That is probably why we also have a reserved share price.
It can't hold back on this deal long though!