Member Info for tony_currie

Lots of people comparing CORA to Greatland Gold. I believe they are right as GGP was in the same position less than 2 years ago, publishing multiple high grade RNS's.
This highlights CORA's potential which is standing at 20x less than the GGP Market Cap.

The most encouraging quote from the Portuguese Environment minister :-
Matos Fernandes confirmed that a bid by U.K.-based commodities group Savannah Resources to develop the 680-hectare Barroso mine project near the village of Boticas is now undergoing a public consultation of its environmental impact study.

"Without being able to predict the results" of the study, Matos Fernandes said he applauded the professionalism of the proposal. "There’s a huge difference between this developer and the lax attitude shown by others."

Sounds like sour grapes Munchbox54. This will easy hit 1Moz, the results continue at a pace and are arriving every 10 days, everyone without fail has delivered excellent grades. Much more to come!

With interest that Pure Gold(PUR) gold have today announced they are into production. They have good grades, not as high as Cora, and are currently at MkCap of £324m without having seen a profit.

This is 10x Cora MK Cap - enjoy the ride that's coming :-)

Latest Lithium price 29th July $15.75 up 50% year on year.

On top of the quartz and feldspar estimate we have :

From SAV's own web site the inferred Li2O is 285,900 (discovered so far). At $600 per ton that gives a total of $171,540,000.

The Mineral Sands resource target "US$4.23 billion LOM revenue forecast based on Management Case Two"

Add those together and divide by the number of shares and the price is around £3. However, plenty of costs need deducting and there is still work to be done, so lets say a fair target is £1.

Lithium price has increased 10% since the beginning of February.
DATE PRICE (US$ PER KILOGRAM)
25 February 2021 10.00
18 February 2021 9.50
11 February 2021 9.00

"Executive chairman Christian Schaffalitzky has stated: “With this Rosgeo joint venture in place, and with the final approval of the Flanks licence surrounding Monchetundra, the Company has been successful in establishing a dominant position and a first mover advantage in Kola for PGM.” This would make it a strong standalone asset with an appropriate price."

"The past year has proved to be transformational for Eurasia Mining, in particular thanks to the Rosgeo joint venture around Monchetundra. Without question, what we have seen over the past 12 months is a company being built up into a position where it is now the leading battery metals producer in the region capable of making the most of the available opportunities, including securing strongly favourable terms for an FSP."

Being a proactive BOD and the history of grade RNS's these are arriving every 10 days. Next week we are likely see the next one.

So far incredibly high grade zones in shallow oxides with a 20,000m of assays still to come.

32m at 3.54 g/t Au
1m at 72.9 g/t Au
1m@35.7g/t
1m@ 52.80g/t
1m@26.69g/t
2m@10.99g/t
3m @ 17.78 g/t Au
4m @ 9.06 g/t
7m @ 8.86g/t
1m @ 27.77g/t
19m@31g/t incl 6m@95g/t
8m@19g/t

GAZALA69 - I am invested in Savannah Resources for just that reason. All set to become the biggest Lithium mine in Europe just awaiting EIA approval (later this year) plus already been approached by bigger companies like GALP. Great BOD with David Archer CEO who has multiple years as an Australian miner. I am just waiting for this to explode like EUA.

David archer has lots of contacts at Rio, I'm sure he was employed by them at some stage before 2015 and of course the existing JV counts for something.

Lets hope Zak is on the money. Sibanye-Stillwater do have form regarding take overs e.g. in June 2019, Sibanye-Stillwater acquired Lonmin Plc, London, UK, a top tier PGM producer. The enlarged group is the world’s largest primary producer of platinum and rhodium, one of the largest producer of palladium and the leading recycler and processor of spent PGM catalytic converter materials. The offer was one Sibanye-Stillwater(ZAC) share for one Lonmin Plc share. Would settle for that as the current ZAC share price is £2.95!

David was his usual laid back self here are the main points in no particular order:-

1. Believes the EIA will be approved (October/November)
2. He expects a Lithium refinery to be built in Portugal (inside info?)
3. New drilling program later this year, expects 50 million ton to be achieved
4. Production expected to start in 2023
5. £10 million funding raised will last to DFS completion
6. Sees SAV as an actual miner
7. Could not reveal who in talks with but talks have shifted from Asian to European, lithium will go into European Vehicles, secured by end of year
8. Believes share undervalued - any of forth coming announcements should realise the true value.
9. MOZ - value in market capitalisation, results of strategic review in next few months. Expects SAV to be a Lithium only company (sell off/split?)
10. Question about BASF - didn't give anything away (smiled).

2021 targets
? Advance commercial
arrangements for MdB
? EIA approval and progress
licensing
? Initiate project ‘greening’ studies
? Complete DFS1
? Present Community Benefit Plan
? Identify Spanish Li targets

Multiple offtake and investment inquiries received (MdB) – negotiations ongoing - this is the deal we have been waiting for!

Mutamba Mineral Sands Project
Savannah is currently evaluating alternative corporate structures for Mutamba to unlock more shareholder value - suggests company split or sale?

Not on Savannah site yet - they are holding this back until later. Fingers crossed some good news.

Sorry for the confusion Paolo111.

I was covering two stories in one post. The quote is directly from the EMH board who see themselves and the other members of the European Battery Alliance closely linked hence the VW/Northvolt link. EMH have a Market cap of 130m.

Most on here are in for long term, Lithium is where it is at. Corporate investor presentation on 22nd for us and for EMH straight after VW AGM on 22nd - could be coincidence or some news coming?

Today seems to be the start of the day of reckoning for stock markets. The US has been trading at ridiculous premiums by all measures (PE, Shilling, Price to Book) for some time. Covid impact finally causing a correction/bear market?

The good news is EUA is holding up better than most.

Quick reminder of LSE posters best price guess. It is known that groups make better predictions than individual's - lets hope so!

Thank you for voting everyone (25 votes cast) here are the average predictions.

Happy with = 75p
*OverTheMoon with = £1.97

*one vote excluded for silliness £35 :-)

Finished on a huge spread that didn't reflect the buys are sells - will open at 11p. When the rest of the assays are in and the crowd arrive this will rocket. The good news for CORA shareholders is the BOD are going at breakneck speed.

It's vital that the European car manufacturers secure a supply chain, as per the article in proactive investor. It's also all about green extraction in Europe and carbon neutral vehicle builds.

https://www.proactiveinvestors.co.uk/companies/news/954856/lithiums-coming-home-the-junior-miners-set-to-benefit-from-increasing-resource-nationalism-954856.html

"It is no coincidence that both the timing of the shareholder presentations for SAV and EHM coincides with VW AGM presentations on the 22nd. The early part of next week will be really interesting as speculation should determine that both share prices should go up."

Will we finally get to the bottom of why David Archer has a VW on the background for every presentation :-)