Member Info for tropicalblast

From what I can see from the Lusorecursos website is that they're running at least 12-18 months behind SAV if they started today. I could be wrong but it wasn't clear what drilling had been completed to date.

Sauying starting extraction in 2020 would seem like us saying we will start extracting tomorrow in Moz and Oman tomorrow.

From an overall perspective it would read like the Port Govt want to be more active in the whole process and not just take the royalty cash. They want to create new jobs, etc in what will be a booming and hopefully cash rich sector.

Similar maybe m to Aberdeen and similar places during the North Sea boom stating in the 70s/80s.

This would hopefully mean they will support SAVs efforts to be on-line and extracting Li ASAP.

Just a few thoughts

for now...hopefully will be priced like shopping at Waitrose come Mid-2019.

Thanks Trisse. I agree better to be conservative for now as that's still showing value in the current SP.

Thanks Trisse....I was reviewing your spreadsheet last might, think I have the latest one from about May time, this has a risk adjustment of 50%. Would you see that as now decreasing or about the same at present?

Thanks Trisse/ATD...music to my ears.

And I'd have thought there would be a greater return on investment as some elements of start up costs would be the same if it's 14mt or 35mt? So where it was about 110m CAPEX in the SS for 14mt, would this maybe be just 50% more for a 100% increase in resource?

Highlights

Continued resource expansion at Mina do Barroso, located in northern Portugal confirms it as Western Europe's largest spodumene lithium Mineral Resource

64% increase in the total Mineral Resource Estimate at Grandao Deposit to 16.4Mt at 1.04% Li2O for a total contained Li2O of 171,400t

44% increase in overall Mineral Resource Estimate for the Project, which now stands at 20.1Mt at 1.04% Li2O for 209,000t of contained Li2O

90% of the mineralisation within the Stage 1 Grandao pit, defined as part of the recent Scoping Study, now converted to Measured and Indicated Resource Estimates, which represents the first 4-5 years of the mining inventory based on average annual production of ~175,000tpa of spodumene concentrate at 6% Li2O

At Grandao, significant volumes of new mineralisation has been identified below the Stage 1 and 2 pits, defined during the Scoping Study, supporting the excellent potential to further expand the current mining inventory

Updated Exploration Target* for Mina do Barroso calculated at 9-15Mt at 1.0-1.2% Li2O, giving a potential mineral inventory of over 30Mt for the Project

Significant upside remains and further Mineral Resource Estimate updates are expected during 2018. Highlights include:

o Infill and expansion drilling underway at the Reservatorio Deposit to convert the Stage 1 pit defined as part of the Scoping Study into Measured and Indicated category Mineral Resource Estimates and test for potential extensions

o Excellent potential for new discoveries of additional lithium bearing pegmatite bodies

Feasibility Study on track for completion late Q1 2019 to build upon results of the Scoping Study in June 2018...

Yet to read in full

Thanks for detailed update KEvB and the great footage on twitter.

Really brings homes how much has been achieved in such a small amount of time, given that this time last year it was literally a few holes in the ground.

Not bad for a rubbish company

Am I reading this correct....99m at1.46%Li2O from 20m. From 20m, in this game isn't that bucket and spade digging? Surely the extraction costs at the depth and for that amount must be south of the expected cost figures in the SS. Maybe I'm just excited to get the update but it looks very positive IMO

I believe the SMMT CEO was referring to the whole UK car market growing from 76k all car type registrations in August 2017 to 94k all car type registrations in Aug 2018, the growth of 23% being reported.

The full text makes reference to August always being a small registrations month due to the new plates in September that any figures for all car types can distort figures. The more relevant figure is market share for YTD is now 5.8% for EVs compared to 4.4% in 2017 so a 31% increase in market share.

Good point...then again given some of the recent selling there are some chickens about at the moment.

ATD....SAV is the Nag to put money on. Don't you mean a Young Fowl Thoroughbred Racehorse. Just waiting for it's first big race.

Maybe a good idea to have a listing closer to possible future strategic partners.....BMW, Merc, VW??

Sure most have seen this already but in case not.

$SAV #Lithium will be a main focus as Europe targets 1.3m #EV s on the road by Dec 18 amid accelerated sales growth

https://smallcaps.com.au/europe-targets-electric-vehicles-road-december-accelerated-sales-growth/

4 tweets in just over a week, PR team must be back from Hols :-)

Happy weekend all.

With regards to myself, no I don't know the full in's & out's of mining. Long term share investing is more my area of knowledge.

But when it comes to mining DA does (and comes with a proven track record) and he's leading a company working hard on 3 major mining projects at once. Maybe send over your CV and sure they'll jump through hoops to get you on the BoD straight away.

Jonners then this bad news better come out soon, only 2 weeks to go on your 5p in three weeks quote from last week. Since then has actually been a small but at least some SP movement upwards.

I'd rather have half as much news and it be informed, detailed, specific and objective. Rather then frequent 'ticking over' news just to satisfy short terms holders.

I would also agree with ATD and the option that there is still value.

Ha ha....bit of both CM....I did actually need to collect something from my wife who'd go into London via train and taken what I needed with her in error. So jumped in the car (which was only 60% charged), drove there and back in sub 3 hours plus still had 16% charge left when returned.

No range anxiety, no CC, no fuel costs, No Greater Anglia trains!

Like to provide real life examples of why there's a positive future in EV's and that you can just use them like any other car. Which unfortunately so many (no on this board) still think is years away if ever.

Who said I didn't put the £25+ saved towards another 300 top-up :-)

Sun is out in Chelmsford again, maybe will look into Solar panels + some ESS (good article Trisse). Then I can save even that £1.5 next time.

I know what you mean about the message given out was that we could expect news on a fairly frequent basis for 2nd half of the year, I'll let the main summer months go (so end of next week) and will be hoping the news taps are opened.

As for DA reading these, LOL I can imagine it gives him a chuckle at times all the different views, opinions, interpretations, etc that comes about from any SP movement, director dealings, etc.

Enjoy the long weekend all, I've just enjoyed a 'free' drive into the City. £1.50 for electric for return journey and no congestion charge. Loving the Nissan Leaf..EVs are the future.