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Whitman has under 1p for Portugal. Oman is in my spreadsheet but everything above 0 is for me personally a win. Each to their own, dyodd etc. scoping Portugal within a month hopefully. Hoping to get some drill results before that. Cheers!
Their project is far more complex so not sure they’ll be first. And their management as far as I know less experienced than ours. That said. Who cares. I think the projects will consolidate with each other at some point, as Alara alluded to in the last rns. Bwtfdik - I’m all about lithium and HMS..
https://twitter.com/trisseswe/status/994854117603512320?s=21
“Our goals are to open the industrial-scale mine in late 2019 and produce more than 220,000 tons of spodumene in its first full year of operation in 2020. Sigma currently has a NI43101 compliant resource of 13.5 million tonnes at 1.56% Li2O at the Xuxa mine. Sigma has a fast-mover advantage in Brazil and has already successfully produced high-quality battery-grade spodumene concentrate above 6% Li2O,” says CEO of Sigma Mineração Itamar Resende.“ And then the ipo: http://www.mining.com/web/brazils-sigma-lithium-list-toronto-next-week/
Moz has always been 2020. Rio Tinto is going quite well. Seen their sp? If they’re bleeding..it’s good for us if you think a couple steps forward. Oman, well. I have stated my thoughts. Portugal, licensed (needing a slight size amendment) and in full force to get online. Prob q2 19 giving it some extra time. Daily PR https://t.co/JjX09skdQc
Yeah! To be the winner you have to have a resource that can be used with low cost. I am pretty sure our costs will be between $250-350/t spodumene w a capex of $100-150mm. EMH has higher capex, lower grade, higher opex (deep underground) and "wrong" product as spodumene still is the only commercially viable alternative to the brines.. See my earlier posts for some - imo - ok calculations/predictions.
Amazing press coverage today. Telegraph, Reuters, FT... will we make the evening news? :) https://www.ft.com/content/b58c9286-4df4-11e8-97e4-13afc22d86d4 https://mobile.reuters.com/article/amp/idUSL8N1S81RX?__twitter_impression=true https://www.telegraph.co.uk/business/2018/05/02/mining-minnow-savannah-hopes-feed-europe-lithium-car-batteries/
The significant increase in compliant resource at their Mina do Barroso hard rock lithium project in Portugal is very good news indeed. This resource is now probably Western Europe’s largest and totals 14 million tonnes (Mt) grading 1.1% lithium oxide (Li2O). A 0.5% Li2O cut off was used. The 87% increase in the resource at Grandao deposit to 10.3 Mt @1.1% Li2O is the reason for the increase, while 70% of this total resource reports in the indicated category. Here the quality improves with a slight increase in average grade, while the deposit is open in a number of strike directions, as well as to depth. The company has so far shown these deposits to be low in iron and this is important in term of potential concentrate contaminants. Even here there is upside as it is to be investigated as to how much of the iron being recorded is from drill bit abrasion. The scoping study for high quality spodumene concentrate production remains on track to be delivered by the end of June. In our 12 March initiation BUY note we valued MdB at £30m and had a valuation range using other projects as a guide of £18.75m to £54.3m. Overall we valued Savannah at £60m with half from Portugal, £25m for their Mozambiquan Heavy Mineral Sands project and £5m for their Omani copper project. With a 50% uplift in compliant resource in Portugal, we will have to increase our valuations and overall share price target. Our previous target share price was 9.5 pence per share (p/share) and at yesterday’s closing price of 5.6 p/share, this offered almost 70% upside. BUY.
http://aheadoftheherd.com/Newsletter/2018/Why-the-lithium-bears-are-wrong.pdf