Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I can confirm that is not Shanta specific, to the contrary if anything. SHG was almost the ONLY company that received a partial pay back before christmas. It is a government action against corruption etc. From my understanding, the relations between SHG exec team and TZ gov is good!
Q1 should be very interesting too. Gut feeling we should see some VAT back soon too.
Where is the rip off and who is the victim? They're buying shares in every placing, the are bullsih on the company prospect. Oman loves HMS as well. Their own sovereign wealth fund did a large investment in, I believe Kenmare last year. It goes without saying we all are dissapointed on the developments in Oman, DA most of all! I have written the value down to zero and that is not bc there is no value, I'm quite certain there is, but I like to be positively surprised and with Oman at 0, this is still the cheapest Li explorer around with a nice value cushion in Moz, which I believe could be worth usd 9 figures in a year or two. So with or without Oman, this is a sscreaming buy!
I just read this interview https://thelithiumspot.com/2018/01/22/piedmont/ � They have a very simiar pitch to ours. Savannah project is further along as we have a maiden resource and only weeks from Scoping Study. They are 3 months at least behind us and as they seem to be looking at doing their own conversion and looking to do scoping, pfs, dfs as contrary to us who go directly to FS, they will be more behid and a lot higher capex. We are most certainly over 20mt within months, they have a first exploration target of 10-15mt. We are licensed to mine, they're not. Our drill results are much better than theirs to date We have copper production starting this year and a highly valuable JV with Rio Tinto for heavy mineral sands as well. Their Mcap: �45 Ours: �38 I don't see them as over priced� Anyways, thought this could give some more depth with a comparison. Cheers!
To raise expectations on scoping and jorc beyond what is said. Dale and David have communicated an explo upside. Let’s stay there. It’s more than enough! Not all drill results are totally better than expected.. they have years in the game. Stay at 15-20 for jorc/scoping and above 20 for later in the year to avoid unnecessary disappointment.
I’m pretty sure we won’t be at 40mt this year. 30mt might be pushing it. I’d say maximum 18-20mIn for the scoping, probably around 15mt. They have guided the market already with explo upside and yes, I think that might be increased over time. In total inc all deposits is another story but focus for first mine should be there we are now. EUR - the joke - released pfs yesterday. Post tax IRR of 15 %, and an npv at same value as fully diluted mcap. 6mt in total! Still mcap £70mm - what can I say....
They have clarified earlier that it is to a consortium of vendors. Of the 20m shares, Slipstream gets 15m and others divide the rest. So no selling. The Portugal team I met was very very bullish so probably hodling!
Bring some interest to Sav and we will see it explode. It’s not a coincidence - it’s because we’re still under the general radar. At least it gives us opportunities to accumulate. Other Li stocks are hammered lately. Sav rises with only little volume. Register is tight and lth just keeps getting bigger and bigger.