Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I don't think it's a pump n dumper, I actually believe it's a poor attempt by CB or someone in the company, to try and reduce the heat at the agm. Unfortunately, its not going to work unless the SP magically goes upwards of 5p!.
See you at the AGM!
I wish!! Taking the money from people trying to make their lives more comfortable. Praying on their hopes and dreams. Sitting back giving fantastic benefits while you travel the world on treasure hunts using thier money hoping to strike it lucky! Without ever actually delivering anything back to them.
Unfortunately I'm not that type of person and
I hope you, I and everyone else gets what they need out of xtract.
This is because the completion of a PFS is the minimum prerequisite for the conversion of mineral resources to mineral reserves. This also means that the economic analysis in the PFS cannot include inferred mineral resources.
Issuers will often make statements about a mineral project that does not have mineral reserves which suggest that an economic analysis of some nature has been conducted. If the project does not have a mineral reserve estimate and there is disclosure of economics of any sort, the regulator strict view is that this is a PEA and a technical report may be triggered. These statements could include anticipated production rates, capital or operating costs, mine life or projected cash flows of a project. A PEA need not be a formal study.
Examples of disclosure that could be seen to be a PEA and trigger a technical report include:
“We will likely produce 200,000 oz. silver/month in 2014”
“Capital costs will be in the range of $50 – $100 million”
“Mine life will be 10 – 11 years”
“We expect to generate $20 million in revenue”
“IRR of approximately 30%”
Therefore, it is important that issuers monitor their public disclosure of the economics of their projects in press releases, investor presentations, social media, websites or other continuous disclosure documents so as to not inadvertently trigger a technical report by making such statements if there is no technical report to back up such statements.
Copper inventory is so low now. Normally the inventory is replenished in the summer, but it doesn't seem to be materialising.
I don't think it will take much to send it rocketing.
I know many are worried of global recession, but people still need energy, green energy and EVs.
There are many countries like India, with rapid population growth and the want for modern tech.
They are currently thriving from cheap Russian energy.
Colin said the majors want 25% over Lif of mine.
And I imagine they won't use more than $4 LB copper. So that's what I'm looking for in the new economical model and if it is that, then I expect more drilling.
Don't know what NPV will be, but I am looking for approximately $500m with a sale price of a third.