Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I collect coins - preferably silver coins (terribly boring I know) but of particular interest to me in this assay - is the large potential for - silver here (AG) , the results are suggesting up to 1.9g per tonne. Silver is approximately 56 pence per gram at the minute - the mining of the area will involve processing millions of tonnes - the silver alone is possibly worth Millions.
Anglo's Q3 2021 PRODUCTION REPORT is due tomorrow, If they report good profits , with all the extra cash on hand would it benefit them to make an offer sooner rather than later ? The size of the find keeps increasing , If they make an offer CB can't refuse now , would it save them in the long run with a much larger proven area ?
My estimates for processing come from a Reuters business article which states: All-in sustaining production costs, an industry benchmark, are forecast between $2.55 and $2.85 per pound of copper. ( 2204.62 pounds to a tonne) No doubt my approach is very amateurish for some but since this isn't my occupation and I'm not getting paid for it I'll reserve the hard research for someone who has the time and training, Anyway the sun is out and there's a golf course waiting, GLA
It costs $6,283.167 to extract 1 tonne of copper from 1 tonne of copper ore ( most expensive estimate) . This leaves a value of $3716.833 per tonne of ore processed. The Eureka RNS states the estimate at least 750,000 tonnes is available to extract. A commercial value of 750,000 tonnes x $3716.833 = a top line of $2,787,624,750
value of copper per tonne $10,000
extract/process Per Tonne $6283.167
processed cost per tonne $3716.833
estimated size of resource 750000 tonnes
value of copper in Eureka after processing - $2,787,624,750
Take out licences, bribes, security, packaging , shipping , pay packets, somethings I haven't thought of that $2,787,624,750 still goes a long way and the SP should reflect that .
Approximately 95% costs
5% of $2,787,624,750 is still $139,381,237.5 or £100,168,417.05
At this rate the Market cap should be 2.5 times current 40 million value or 13.5p per share , and that's not counting Bushranger - feel free to shred my logic and maths, I haven't studied geology or commerce in 30 years , but I still think the current SP is heavily under valued . As ever DYOR
So the MC depends on the total dollar market value of a company's outstanding shares of stock, I can game Private Investors (you guys) into selling by Manipulating the Market to make it appear the value has gone down. If I make a big buy a month ago I can sell 20 medium sales in a row to make PI's think everyone is selling , like a virus - everyone sells off cheap , the MM's buy up and when someone else asks to buy they have a higher price in place. is this the jist of it? Basic market manipulation by a bunch of ******s ? who are they and where do they live at?
I may be wrong but at the minute every eye is on Australia and the copper, the Manica RNS isn't spellbinding , but its a bit more icing on the cake and it's a bit more cash to keep all the wheels turning , surely all money coming in us a positive?
I really hope sohtahbutt is right, I've money clearing on Monday and if the price is still low I'll be topping up , I can't believe the good luck the price is low enough to allow low cost buys with such good news flowing and a rocket imminent
I see several other mining firms have had Huge gains in the past few days - without any news , 30% 1 day followed by 35 % next etc running several days then big retraces today, could the market be creating artificial highs on static stocks to eat up investment capital allowing directed purchases on bona fide long term prospects to go in under cover? or should I get my tin hat back out from the cupboard ? Kodal and Wres being prime examples