Member Info for SorB

Ned, for me worst case scenario is someone will buy us out. The bigger BGS become the more chance this will happen IMHO. Let’s hope it’s a blue day.

I’ve posted this before and it’s taken from the hot copper website but the numbers are crazy. BGS look like they have enough now for a 4mtpa plant. All we need KOD to do is release a JORC to realise are value. Just to clear things up, when we talk 1, 2, 3, 4Mtpa plants, that number refers to the amount of ore that can be put through it over a year. BGS' stated resource of 32.9 refers to the amount of ore that it has. For every 1Mt of ore put through a plant, you can work out the amount of spodumene concentrate you will get, by inputting the grade, recoveries and desired concentrate grade i.e. 6%. In BGS's case, the processing plant should be able to produce 190,000 tonnes of 6% spodumene concentrate for every per Mtpa of plant capacity (as per the scoping study). This quantity will increase if grade and recoveries increase also which is great because in BGS' case, the grades & recoveries are higher at surface in the ~2% grade and ~90% recovery range at Main Zone (refer to CSA Global bulk sampling & metallurgical testing results). Assume with further plant optimisation, that the engineers can get 200,000tpa of concentrate per Mtpa capacity, and we go with a 4Mtpa processing facility as proposed, then we end up with 800,000 tonnes of concentrate per annum. With the cost reduction targets stated in the AGM presentation, BGS may be able to produce cheaper than $275/t. Current Price of concentrate is over $900/t. Therefore: ($900 - $275) * 800,000t = $500,000,000 USD EARNINGS PER YEAR.

Just reading up on hot copper about BGS, Christ they’ve hit the mother load with a current 65 mt JORC and that’s without all the new zones being added. They could and will hit over 100mt easy. Also watch out this week for there revised PFS, We’re literally getting information for free. All bodes well for us as any investment in them will have a knock on affect for us. I personally don’t give a hoot who builds the processing plant, all I know is we have rocks that contain battery grade lithium, someone’s going to buy it. Bring on some new zones BA and then a JORC, let us long term holders have something to shout about for once.

That’s a good RNS but not the revised PFS, hold your shares, this will come good.

Jaffas, if you think something ain’t right then you should sell mate. I’m not digging you out by the way. I could understand the negativity over the license but not now he’s answered most of the questions we’ve been asking. If BA said he was going to do a JORC and not put a timeframe of June/July this would have shot up. Just wait until late June and you will see.

I’m probably preaching to the converted but This could and should move rapidly, when I brought into this share it was at .30 and I believed the price at the time was a steal. Christ, the Chinese brought in at .38 and BGS just turned down an offer. You’re not doing it justice to even think of any price below .5. we’re in the doldrums but it will turn. Keep your eye on BGS next week, they will re-release there PFS and this should give you more confidence in holding.

No one knows about the presentation as it wasn’t in a RNS, we all know the what we have. Just keep accumulating at this low price before the herds arrive.

Could it be that SC are locked in either way and cannot buy shares also? Could be very interesting come May, our shareprice at the moment would be an absolute steal for them.

Is now on Kodals website.

If a new presentation was shown on Saturday, I’m presuming we will see an RNS in the morning. License now all sorted we should finally see the news flow we’ve been promised. Good luck to all Holders.

Bahadur, thanks for the information. Did he mention anything about the scoping study and off-take agreement?

BGS jorc is currently at 32.9 Mt @ 1.37% and that was dated in July last year. They have drilled a further 10000m since then. When the question was put to BA about jorc size, I’m sure he was referring to the current JORC estimate and not the first initial estimate. Regardless, currently this share is far to low and will get walked up by the MMs, you can see the start of that last week.

f@ck knows who’s selling today but they must be nuts with the news flow to come.

I wouldn’t have concerns regarding the timescale of the bulk sample, the 3 months include shipping time. Share price is a gift to anyone with spare capital imho.

Well done sxswee, you kept knocking on the door mate. Finally news to clear up why we’ve been tanking over the last 6 months, should now see a reversal. Looks like a few of us were right all along, the license issue was the cause. Onwards and upwards now this has all been put to bed.

Sxxswe, thanks for the update. We should see some movement now as by us clubbing together has at least got BA paying attention. We need to keep the pressure on and hold him to account, if he states something in an RNS he needs to back it up with a timescale and deliver. I don’t think we’ve hit any deadlines set for the past year.

Not the news I was hoping for but it could be the catalyst for some major news flow now. I think you will see one more RNS before Friday.

As I said I could be wrong and hopefully l’am proved wrong. Let’s hope we get some clarity in the next RNS.

I think the license is sound in regards to exploration, I don’t think it allows us to dig for the bulk sample. Could be wrong but that’s my hunch on why we have the delay. If that is the case, it’s Pretty **** poor from BA to mention the bulk sample without knowing this.

Form signed and sent, maybe SC angel and BA might take note now?