RE: Ivory Coast29 Jan 2023 20:49
Hi 9billion
intresting....there you are another gold explorer turning to lithium.
In my research I have come across many gold miners/explores using old and new exploration data, to look also for lithium, and why not considering the price it reached and the strong future demand trend...
I had a quick look on African Gold, at first glance it looks more a very promising gold exploration company rather than lithium potential explorer.
The gold grades they found are fantastic and at some AUD 12million market cap it looks cheap for a long term gold maiden resource milestone. They seem to have many license/project but unfortunately very little cash at bank, some 2/3 millions?
So progress will be slow.
On the lithium they found see announcement on 24th January
https://clients3.weblink.com.au/pdf/A1G/02623975.pdf
I am not so sure if grades of Li(ppm) 11.3 warrant any excitement , but again lithium is a tricky mineral where sometime there is lotas of chip samples high grade on surface and very little below ground, and some time is the opposite.
Again lithium potential will need proper investigation with some drilling, but been focused on gold and having limited cash could mean having to wait a very long time before any news.
I have spent only 10/15 minute researching African gold hence pl take what I write with a pinch of salt...
A similar situation is occurring in Canada right now with Patriot Battery Metals finding very high grade lithium in Quebec,
around their licenses there are 2/3 other junior explorer that may have great potential for sp growth, like LONE, AZM and ITKO all Canadian comp.
Is funny to see companies like Patriot Battery Metals which is still many years away from any Lithium production and without any maiden resource declaration, been valued double of Atlantic Lithium.
Is only a matter of time before All will valuation will be shown in its sp.
What an opportunity to invest in All now, when it could be making more than current market cap in net profit every year from 2024.......