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Massive room for resource growth with two further resource upgrades already pencilled in over the next 3 quarters.
Assuming the company isn't acquired in the next 2-3 years I think the resource goes over 100mt given the pegmatite extensions and size of the licence area. Then also factor in you have all this money coming in from both offtaker and MiiF and the aggressive drilling that can be done with that.
However I suspect ALL is going to get a lot more serious bids over the next few months and therefore we as shareholders might not see are invested reflected in a 100mt+, 400k+ tonnes per annum lithium producing company.
I hope I'm wrong!
Cyfalafwr see my list just below. There's a crap ton of company making news in the pipeline for over the coming weeks. Not to be taken as investment advice but I see this back at 35-40p soon for starters as news comes in
O The Company has obtained advanced assurance from His Majesty's Revenue & Customs (HMRC) to confirm £2.5m ($3.1m) of Enterprise Investment Scheme availability
This should be coming soon
The board have outlined target production dates before and have added to the list.
*2 x Resource upgrades to come as per the investor call. 1st this quarter, 2nd q1 next year.
*MiiF $28million after GSE listing expected
*ML expected to be ratified by partliment this quarter
*$70-100mil offtake announcement this quarter for remaining 50% of feedstock
*EPA permit to come this quarter or next.
*Feldspar by product report
*Break ground Q3/Q4
*Stockpile Q4
*Commence commercial production and ramp up in 2025 to 365,000 tonnes of spodumene concentrate
Wildcard: Assore 3rd bid 33p+ as company has rejected 33p twice.
Tomorrow will be good. Lets see if we can get over and finish above 23p in anticipation for next week.
Following GSE listing we are expecting:
*2 x Resource upgrades to come as per the investor call. 1st this quarter, 2nd q1 next year.
*MiiF $28million after GSE listing expected
*ML expected to be ratified by partliment this quarter
*$70-100mil offtake announcement this quarter for remaining 50% of feedstock
*EPA permit to come this quarter or next.
*Feldspar report
Wildcard: Assore 3rd bid 33p+ any moment now.
Chuditch, first found in 1998 by Shell, has the potential to be a significant and valuable project, not least for the state of Timor Leste as the project promises to be a new and important input for its economy.
"We have something that we originally thought was about 700 billion cubic feet of gas."
"The work that we've done has demonstrated that in our mid-case, the resource for the discovery is about 1.2 trillion cubic feet of gas. So that's more than a 50% increase in the resources that we thought were present."
Importantly, it is not just the project that’s moved on since Shell drilled in 1998.
The Asian gas market has developed significantly since then.
It is now a very robust market regionally, and, locally, Chuditch is in the vicinity of infrastructure which means the project can potentially delivered commercially without huge capital costs.
Share price has sat here long enough. Has to move up or down. The market has rejected the downward move time and time again with the dips bought a hundred times. The news potential is significant to drive this up. I am excited.
GSE listing coming Mon as per 2:51:00 on this new video: https://www.youtube.com/watch?v=J3k4Eu5gbr0
Thus we should see news on MiiF money, ML Ratification, offtake and resource upgrade after this important milestone is complete.
Means we should hear news very soon then!
https://www.proactiveinvestors.co.uk/companies/news/1047181/baron-oil-gathering-momentum-as-its-counting-down-to-exciting-appraisal-campaign-in-timor-leste-1047181.html
Chuditch, first found in 1998 by Shell, has the potential to be a significant and valuable project, not least for the state of Timor Leste as the project promises to be a new and important input for its economy.
"We have something that we originally thought was about 700 billion cubic feet of gas."
"The work that we've done has demonstrated that in our mid-case, the resource for the discovery is about 1.2 trillion cubic feet of gas. So that's more than a 50% increase in the resources that we thought were present."
Importantly, it is not just the project that’s moved on since Shell drilled in 1998.
The Asian gas market has developed significantly since then.
It is now a very robust market regionally, and, locally, Chuditch is in the vicinity of infrastructure which means the project can potentially delivered commercially without huge capital costs.