Member Info for Laverda

They are good value as are the CLKs.

I cannot believe it, using a value three times higher in their estimate and higher than the price in their presentation.
Then the plant on maximum output.
Ours is notched back 20,000 tonnes on the DMS and 50,000 tonnes on the combined plants just to give a safety margin.
If their plant doesn't quite run to maximum output and their spodumene price is lower, or costs higher it could be working for two years to repay the debt alone. Assuming it finds sufficient lithium.

Ha, have you settled down with your popcorn yet, better than a soap.

Merc just read your post re Fusion. I did a very similar thing. Came to the same conclusion.

Merc, clapa 12 months repayment if max tonnage and 6k per tonne is managed. Horses mouth not second hand from me, listen for yourselves.

Merc, for the share we no longer talk about here it is worth listening to the video on proactive, the first 15 minutes especially. See what you pick up.

Agree the two payment points are likely to be events and our first maiden goldfield valuation which may well land this year.
We have absolutely no idea at all what that may be estimated to be.
I am not sweating fractions of a pence, just waiting for each RNS.
The important issue is holding shares.

Exactly Craig.
It is a worry when others think they could get more, here or anywhere else.
A bit like the difference in an unknown teen trying to get a record deal or Adele.
The Adele's of the mining industry already have a high share price they are not trading penny shares.
Bernie and his team have pulled off something amazing here. But his geologist history in one of, if not the the top company in the world, Steve's history and SP Angels expertise have counted for a lot.
To date he has no duds which is unheard of in their game.

Acker - stop your guys posting on here, they all were on here first disrupting our share.
If they persist I will start posting on your board.

100notout, mind nobody can take their achievements away from them, they have ramped a share up to 120m market capitalisation on virtually nothing at Prem, that is some achievement.
They don't even have a proven lithium resource.
I also saw this on NNN, this was a failed company that changed its name to NNN from Strat Aero, the previous company name CEO left, they sold what they could, raised some funds and started a disaster recovery in a completely different direction, look at the chart history since inception, it rose to a crazy high share price for a company on the rocks.
All on hype then fell again.
Some massive losers on that one.

Mr0.008 amazing where you get this clinical view from.

However completely lose this clinical view in your own share Prem!
Prem is launching a pilot plant to see if there is lithium on their land in the under 3km square patch they have a mining licence on. If there is sufficient lithium on that patch to repay the debt on the plant and build up funds, they can then sample the adjacent land on which there is only an exploration licence.
They are doing this because the land is compromised with old mine workings and the usual jorc, PFS, DFS/bfs process cannot be followed.
However Mr0.008s clinical rashionale escapes him on this share as he is convinced that the value of this test plant is over 120m dollars! What a joke he is.
Our cash balance will be over 118m dollars, but he thinks our assets will be worth less than 60m dollars.
Dumb would be an understatement.

https://m.miningweekly.com/article/chinese-investor-to-fully-fund-kodals-bougouni-build-2023-01-19/rep_id:3861

Noba= Vast ramper.

Noba - incorrect.
We are working on the various alterations to the technical drawings, the plant design etc is completed, but the supporting infrastructure, settling ponds etc have to be altered.
Once completed they will be submitted.
This does not go through the mining licence approval process, we have already established this and it has been confirmed by Bernie.

RonnieH, good observations.
It will be interesting to see the effect of interim RNS, including the big payment in the bank account, between now and the DMS going into production.
However that Goldfield which is very close to a maiden valuation, possibly this year, will be both interesting to read and interesting the impact it will have on us.
The current arrangement with the JV and 17m payment for us to develop our Goldfields may register with all of the gold investors out there, normally working with dilutions at every stage forward, there will be none here.
I would imagine that gold mining journalism is well established and those journalists will be looking closely at the potential here.
If the market cap remains conservative it is a no brainer.

Kod mining licence on 97 square kilometers - Prem small claims licence on just under 3 square kilometers.
Kod proven lithium resource in BFS and expanding.
Prem pilot plant to run and hopefully prove there is a lithium resource.

You can take your own pick, I am sticking Kod.

Wat_Dabney, no I don't post on twitter.
No need to apologise.

This is some monster we have here. Absolutely brilliant.

All of the costs of development of this site refunded as a loan repayment, no debt on the development of the lithium mine and millions in our parent company, Kodal Minerals to develop our other prospects.
Once the cash is in we will be one of the most secure early stage AIM companies, well beyond my initial hopes for this company.

Zimbabwe's total minerals output was 1.7bn.
Mali exports more than 4.5bn in gold alone. Then the rest of their mining in addition.
Just in case you had doubts about stability of mining in Mali.

Elcobble, in the downtime I have been looking at Leo Lithium, their entire acreage is the size of our mining licence area.
They are well ahead of us in terms of quantifying all of the lithium on their plot, the amount of lithium they are uncovering is massive. Bernie appears very excited about additional lithium on our mining area above what is already included in our PFS now a BFS.
Kodal minerals wants to be a miner and explorer.
This lithium we have initially covered is so valuable that we have derisked down to 39%.
If the rest of the area keeps adding to the resource our 39% holding is most probably going to exceed the tonnage in our initial BFS.
As a UK company that means we are very exposed to lithium and Mali, there is a point where it is sensible to say enough is enough and try and create a spread for longevity, I think gold has longevity.
I think lithium is going to be a windfall for the following ten years or so then will fall into the domain of miners who operate in the copper and iron ore space, the price will drop significantly.
Our JV partners will excel in that space, but it is unlikely Kodal would remain there, Bernie is from gold and diamonds.
So Bougouni West is possibly just too much.
In addition Mali is looking at the mining companies not working gold sites who have mining licences, any changes they make to rectify this situation could ripple into new licences for other materials such as lithium. Bougouni West as we all know does not have a mining licence, just an exploration licence, unlike our main project.

Agree mercedes, Mr Roach is honest about all of this, after they swamped our board I went through their RNS and Roach interviews.
Roach said their biggest challenge is once the plant is running, proving the resource within a limited timeframe and budget.
I found the guy straightforward and honest. The questions he was given was where the stupidity came in, in the end he gave up and gave answers such as that would be brilliant or I would love that. Amazingly they were posted on the boards as confirmation - unreal.