Member Info for Propinquity

Only two more days before the new ISA year starts.

Calidus Resources - BMEM Conference - https://vimeo.com/692505798

https://www.afr.com/world/north-america/us-agrees-to-fund-australian-critical-minerals-projects-20220331-p5a9js

KOD is laughably overvalued - a long way from mining lithium.

If 51% was worth 2.1p, then 100% should be double that.

Agreed, Marky - I’m all for positivity, but not exaggerative comparisons.

Big differences - at the moment: it has a 100-year life and expected to produce 85,000 tonnes this year - https://harvestminerals.net/

https://www.theatlantic.com/science/archive/2016/11/the-desert-rock-that-feeds-the-world/508853/

Exactly what SML’s potentially capable of replicating - KRS.

Look at KRS.

Croutom, The softly-softly tone is infinitely preferable to the tub-thumping one of a couple of years ago.

Max, Bang on the money - we fully own a critical-mineral asset whose short- and medium-term outlook points to scarcity allied to rising prices.

Well, folks, we can now - after an inordinate amount of time that has tested our collective patience to its admirable limits - assuredly look forward to a string of good-news RNSes, over the next few months.

‘Too chatty for me’ - compare the number of your posts with mine - LOL

That would stretch the common meaning of ‘We’re all in this together’.

That was precisely my inference, Slurm.

Justdandy, You won’t hear my complaining if we are a penny short of seven figures.

I would rather we own 100% of an asset for which we can map out a clear strategy for increasing resource and sales than continually negotiating every detail with a capricious, troublesome partner - and, now, we will more readily obtain the financial backing for a fully owned asset in a propitious market whose supply-chains have fundamentally changed as a result of the unfortunate geopolitical circumstances.

Either dilution, or funding from elsewhere, such as our clients, perhaps, as mentioned in the RNS.

Quite possibly SML’s playing for time on funding: with the increasing confidence of a payout from naughty Brenda, it may just be enough to start operations - entirely self-funded; a bit coincidental, non, that the delays seem to be in lockstep with our claim’s progress.