Member Info for SorB

I’m envious of those buying now, look at that BGS presentation and this screams value. BA we need you not to let us down here.

Ray, Before SC came into existence the same consortium tried to take BGS out on the cheap. Shareholders at the time knew the offer was taking the **** and were over the moon when the funds never materialised. When the then board got overthrown all manner of irregularities were uncovered, Christ they even found a mother load of lithium covered up in a farmers field. I’m not saying the same thing is going on here but I do believe we’re now playing second fiddle to SC. It’s going to be very amusing seeing how he’s going to defend that placing price at the next AGM. 1.5 million placed at a 52 week low with a supposed JORC around the corner, does it make sense?

I wouldn’t say your deramping as most of us on here will probably agree with all you say, that placing at .13 is absolutely taking the ****.

Just looking through this document again and it states on page 11 that ngoualana is being targeted for resource assessment? Maybe they will initially JORC ngoualana and add the rest at a later date. Who knows with this share but i would love for it to happen any day now so us long term holders have an uplift before the herd arrives.

I wouldn’t say 3 years, it’s more like a year away. we can catch this up as the Chinese do not hang about and most of the info needed is being done by BGS. Quote from BGS “Overall product grade and recovery determined in the testwork are 5.9% Li2O and 70.4%, respectively. Based upon preliminary additional testwork, it is considered that optimisation of the flowsheet and conditions during any future FS testwork program will be able to increase the Li2O grade above 6%, while maintaining or increasing overall recovery.” Were currently at over 90% recovery and stated by BA this can be improved on. All bodes well what with Goldman Sachs stating today that the lithium sell off is overdone.

Yes, you do have a point.

Can’t believe the sells, what are people looking for? We just got a mass of great info from the BGS PFS, Christ have you seen those numbers and they’re at the conservative end. Producing spodumene at $280 odd dollars with a sell on price of $660. That $660 concentrate price is the most conservative price I’ve currently seen. If only I could buy more.

Looking forward to the boumou assays, I think they’re going to be the best of the lot based on the last podcast I heard.

All will be revealed very soon as it looks like BGS will start construction of a plant by September/October this year. It’s going to be an interesting summer.

Reading through the PFS and the more I read the more I believe BA is doing a good job. I’m sitting on 50% losses here so it’s hard to take but I’m starting to believe in his non flashy boring approach. We haven’t just released a JORC the no substance just to appease the likes of me. The one thing that strikes me is the lack of Metallurgical testwork by BGS, this is where we have done a lot of work. Ummm

Wonder if we get a flurry of buys before the market closes? Our neighbours PFS gets released tonight....

Cheers sxxswe, it will be very interesting to know what information needs to be submitted. I would have thought some of this information would have needed to be in place for the bulk sample?

All, any ideas of what needs to be in place before a mining license is granted. I would presume a JORC and scoping study at the bare minimum. I tried to search for the info but couldn’t find anything.

Trading halt over at BGS, let’s hope it has a positive effect on us.

What will move the share price is an award of the mining license, I do believe BA is giving the Mali government a presentation this month. Should be a very interesting few months.

Ray, a decent JORC and the revised PFS from BGS will move the share price, I have no doubts on that. We just need BA to not let us down this time.

BGS have just announced a JORC of over 100mt bodes very very well for the region. Sit tight, we’ll have our day.

Not sure about your logic kezz, we would want BGS to do well as there PFS has Massive implications for us.

Flock, you may have timed your purchase to perfection. Those on the aussie board believe the BGS PFS will drop tonight as BGS are presentating at a lithium conference in Las Vegas tomorrow. Good luck to all.

Got a bit excited when saying the worlds biggest, I do however believe it will be up there with the best in the world. Just listened to the brrmedia interview, old BA does give a few snippets of information. The last interview he mentioned SB being 1.4 km long, two weeks later the RNS drops and it states SB being 1.4km long. Now he mentions boumou having the highest grades at shallow depths and is 400m still open along strike and at depth. Let’s hope it’s a similar theme and the next RNS has assays from boumou with 2% grades at shallow depths.