Member Info for MisterPositive

Bougouni a monster. Overall acreage 800 sq.km
High quality Lithium at 1.2%

Chinese would be all over KOD soon once Licence is issued and signed off by the PM.

Cheap MCAP...Chinese not going to let this slip by.

Chinese offer for BCN is the first hint.

They are in Acquisition mode. Lithium supply shortage to hit market next year and they securing all tge lithium supplies they can.

Some companies in China already out of Lithium caused by shipping delays.

Averaged up a bit here as 0.30 should be here soon.

Once 0.30 is cracked expect a fast run up to 0.50
just like PREM did.

KOD got 3 highly prospective GOLD prohects also with news due also. Could be string next few weeks here.

Ticking higher now.

0.216

Spodumene prices moving higher and looking very strong for coming years before supply shortage hits the market.

US$1.4 Bln revenues estimates should be revised lot higher in that case.

All looking good here despite slight delays outside of company's control.

Central Cameroon work underway also is great.
ORR active on both fronts now.

0.30 should be here soon.

Can see this go all the way to 0.50 before a pause

About to enter higher price bracket.

Deffo not to be sitting on the fence at this stage or one can miss on large gains coming here soon.

Kodal Minerals sees $50mln free cash a year from Bougouni lithium project.

With Lithium prices expected to double in next few years, company most likely would have to revise the above $50m annual Free cashflow much higher in my view.

Agree. Revised figures should be much higher keeping in perspective that Lithium prices are expected to rise much further with supply shortage coming up.

US$1.4 Bln can be used as Base case scenario. Could see the revenue forecasts revised upwards to US$2 Bln or more at higher lithium prices and also if LOM can be icreased to lets say 12 years from 8.5 yrs estimated currently.

Whichever way you look at it, phenomenal Upside here. Upside from Gold projects would be extra bonus on top of flagship Bougiuni estmates.

Kodal has received all data for the Nielle project, which includes previously reported drill results with intersections including 26 metres at 1.95 grams per tonne gold, 16 metres at 1.96 grams, and 10 metres at 3.62 grams.

Historical drill results look awesome to me.

As per approved Feasibilty study:

Total revenues in excess of US$1.40 Billion over 8.5 year mine life using spodumene 6% price estimates of $680/tonne.

Current price closing in at $700 and forecasted to go lot higher.

Estimated C1* cash costs of US$431 per tonne of concentrate (US$466 including royalties and sustaining capital).

Minimum 8.5-year mine life, producing on average approximately 220,000 tonnes of ~6% spodumene concentrate per annum.

https://www.fastmarkets.com/Article/3988105/GLOBAL-LITHIUM-WRAP-Seaborne-Asian-carbonate-price-rises-on-tight-availability

Are like Batman & Robin here !!!!

Both being traders working on few points on each upside leg. Many can see through both easily.

Dazza goes away for 2 days. Soon after his exit price is hit, he shows up next day spouting same rubbish. Sends Fazza in the meantime to keep up appearances. Laughable. You two are so obvious.

I think 5 or more members need to report the same post for Admin to take a look.

Could not resist a cheeky Top up at this price.

Things happening in the background. Let's hear some news.

A few in last 30 mins also.

Next week should be good one with Gold updates still to come.

Over 700m traded. Not bad for a Friday.

Would not be surprised at all.

Way too cheap at this low price.

KOD Mcap £27m ???

BCN deal valued it around £267m