Thanks for feedback. I’m well aware of the conservative nature of the numbers but I like to surprise myself on the upside. I have no doubt in my mind that Portugal will be over 20mt during the course of this year. This just shows the scope of the three projects and what that SHOULD mean in terms of company mcap/sp
http://www.proactiveinvestors.co.uk/companies/amp/news/195873?__twitter_impression=true
Except quality of management, this is why I buy sav. Now I know this is probably very simplified but I do like the numbers and I actually consider them to be conservative. We will see when scoping in portugal arrives how off I am. My price assumptions are taken from other feasability studies I've read. Spodumene today at 900 usd+ As you can see, Oman value kept very low. Actually I'd rather put it at zero for now. Moz... well, that is from the latest reports but my real guess it is worth a lot more eventually. Happy analyzing. Will happily take feedback. https://docs.google.com/spreadsheets/d/1nblMaqAg0U_yxMobmPHXKE33uQXnJ0rweV6g2INRWkM/edit#gid=1279845062
Morning! Another great update from team sav. This revenue will land this year if the product is of quality which it should be. A lot of small ceramics mines and operations around the area when I was there that have been running for years. Very good!
http://www.proactiveinvestors.co.uk/companies/amp/media_files/9140?__twitter_impression=true Good one!
More encouraging drill results are reported form their Mina do Barroso hard rock lithium project in Portugal. Further results are reported from their newly discovered Grandao Extension target with 50 metres (m) from 72m grading 1.18% lithium oxide (Li2O) being typical. This includes 41m from 73m @ 1.39% Li2O. What is particularly intriguing is the plan to deepen a number of Reverse Circulation holes on the shallow flat lying Grandao deposit to test potential sub vertical mineralisation below it. Grandao and Grandao Extension have been recorded to a depth of 100m and covers an area of 500m by up to 450m. The intention to drill deeper with diamond holes suggests that any open pit could be eventually get quite deep. Metallurgical samples for their Phase 3 trials have been gathered and this program will be completed in Q3. Before this the results of their compliant Scoping Study, which will include a resource upgrade will be released. This is on track for delivery by the end of June. What that means is that we are validating our exploration targets which in turn means that we have a nothing short of fantastic project on our hands. I believe scoping will show multi hundreds million npv and IRR above 50 %
http://icebergshares.blogspot.se/2018/04/savannah-resource-its-mining-cycle.html?m=1
Agreed to some extent. But it wasn’t my intention either. All good. Cheers! Regarding sp...well. I’m up. Significantly better than the overall market. So are all other swedes who have invested. Zoom out the graph a bit. Has it been slow lately? Very. Is it frustrating? Very! Do we still have a lot of value in the ground to support a rise in SP? Yes, very much so. Will we get there? I do believe we will. Do we need more PR to the PI? Probably. But just like with sound oil - it is the II support and finance that will really make us take of, imo.
Yeah. We’re just proving up an excellent project to cover up the others. Haha, Come on ppl. Patience is key in this biz. I understand the frustration and I have it too but I’ve learned my lessons. Quality usually takes time. Jump ship if you don’t like it. I will stay on the ship and I’m pretty confident we will sail strong. This is the ship (owned by Swedish mining tycoon Lukas Lundin) I have in mind... youtu.be/90ix8F14LwE
I’ve long since discounted Oman to zero. And I’m still the biggest buyer here... Portugal is way enough to support our mcap and then some. Moz as a bonus on top. Oman has value but I see it better to be surprised on the up (over zero). Good luck all. Sentiment will change.