Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hello someone please correct me if my calculations are wrong
Once (hopefully) mining is underway in 2023 we are planning to mine 35,000 tonnes of Lithium a year. The current price per KG so I can find online as of Jan 2021 is $9. That works out to $285,763,194 if I am correct in revenue and that is also not taken into consideration Lithium's prices may increase.
So I would except an SP of around £2/£3 per share at least after of first year of production
Hi anyone know the reason for the nice move today?
Seen this on linked on apologies if already posted
NEWS ALERT: Commencement of early site works at Sonora Lithium Project
Bacanora has commenced initial site activities at the Sonora Lithium Project, located in Mexico. This milestone follows the Company's successful US$65 million fundraise last week, which, in combination with existing cash and the undrawn portions of its debt financing facility, will finance Bacanora's 50% share of the capital cost required for Stage 1 of the Project.
Bacanora is building the Project together with its partner, Ganfeng Lithium , the world's largest lithium metals producer. Both parties are working towards a development timetable for Sonora, with scheduled production of battery grade lithium products in 2023.
Peter Secker, CEO said:
"I am delighted to announce Bacanora has commenced initial site works at the Sonora Lithium Project, located in Mexico. This milestone cements Bacanora's transition into a mine-development company as it looks to fulfil its ambition of becoming a lithium producer in 2023. I look forward to updating the market with further positive progress reports as
When does the name change go through and what do people think it will do to the SP?
Are PET even producing any oil? Are they making any money I’m trying to look into it but the updates from them are so poor and not very regularly?
Have they started production in Iraq!? I read they have had the lot for 15/20 years and nothing has ever been done
I’m struggling to see how a company with a 4M market cap can function at oil producing
Anyone got anymore info?