Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like it was overdone. Money coming in now
Today has been. How often do you get a great RNS stating good results, promoting Tesla in their RNS as a customer, Lithium prices up and the price goes down. What a gift
I can feel some great returns in SP coming in the next 12-18months. This will re-rate insanely as the results flow in. They have the assets and funding and in a time where lithium is at a premium. Not a better investment anywhere elsewhere is my opinion.
Could this get any worse.
This weekend. Proposition looks great with risk significantly decreased owing to multiple projects and royalty funds already secured. Can this this many multiples of current sp this year. I want more stock!!!!!
So at current prices - 25,000t annual production is $1.375b a year with $125m cost. Leaving a profit roughly of 1.125b profit per annum.
I mean cost to mine and therefore profit on 137b revenue
That’s some maga money isn’t it. Anyone one what cost would be per ton?
Was going to say it’s a little out of date on prices but info just the same
Bradda Head Lithium announced it entered into a royalty agreement with Lithium Royalty Corp (LRC). The agreement consists of a 2% gross overriding royalty totaling US$8M over its sedimentary lithium claims in central Arizona. We see this deal as a large stamp of approval from the Lithium Royalty team as it manages to raise non-dilutive funds for exploration of what appears to be specifically for its sedimentary lithium including Bruno Creek East, Bruno Creek West and Wikieup. We estimate that this 2% royalty could be worth US$300/t or nearly US$7.5M in royalty payments annually to LRC, assuming hypothetical annual production of 25,000t LCE at prices of US$15,000/t and that the 2.5Mt LCE threshold is met. Bradda Head has several positive attributes: multiple projects across multiple deposit types, great jurisdictions with high Fraser Institute rankings (NV, AZ), good infrastructure, low political and geological risk, low CO2 footprint, geological upside and management that is heavily aligned with shareholders.
• Payments to come as significant milestones are reached. Payments are planned in three tranches, 1) US$2.5M on closing of the deal, 2) US$2.5M once Bradda Head has achieved 1Mt of LCE resource with a minimum grade of 800 ppm, and 3) US$3M once it has reached a resource of 2.5Mt LCE at a minimum of 800 ppm. Furthermore, LRC plans to invest an additional US$2M as a private placement on closing.
• Non-dilutive deal. At its current share price, this deal equates to raising ~1/3 of its market cap by non-dilutive means. We anticipate this news to help put Bradda Head on the map for investors as it foreshadows the scale of resource growth that management and others are anticipating. While lithium-bearing claystones need further proof of commercial viability, its better understood brines and hardrock assets remain unencumbered by the royalty.
• Significant upside potential at Burro Creek. This is an early-stage lithium project that needs plenty of drilling, testwork, and technical work to advance it towards production. It has a current resource total 43Mt grading 818 ppm Li for 0.185Mt LCE.
• Plenty of news to come to potentially re-rate the stock. We are anticipating considerable news flow as Bradda Head advances its lithium projects in Nevada and Arizona. A sonic drill program is expected to begin in Q4/21 with the objecting of providing a maiden resource estimate in Q1/22. Drilling is expected to focus on ~20% of the sedimentary claims, with potential to add to Bradda’s existing resource (185kt LCE) at its Burro Creek East asset.
Great interview. Going to be a fantastic year here.
Looking like it’s building a good base
That’s insane. Any further tons to the existing JORC is worth a considerable amount more now.
Also this listed in July and In that time lithium prices have quadrupled
Fundamentals look great. News due and funded. What’s not to like. Q1 is going to finish much higher than current prices. Share of 22??
For sure - this is nuts. Company now valued at only £6m??
This is drop is crazy. Not seem anything like it
Up
For sure
-85% drop is the equivalent of 5 bagging on open and not expecting a pullback