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This documents explains a lot.
This is just to set up a pilot. There are plenty of players trying to develop eco extraction.
A few are further ahead than Chemx with pilot plants up and running in Chile for example.
We must trust that clon's many years of work in Bolivia will gets us over the line.
INTERNATIONAL CALL FOR PAPERS
INTEGRAL DEVELOPMENT OF EVAPORITIC RESOURCES OF BOLIVIA
ELABORATION OF
PROPOSALS
Proposal for a pilot project.
Minimally consider the
AACE Standards (Association
for the Advancement of Engineering
of Costs) for projects to
conceptual level Class IV Level II.
Visit to a salt flat and a well of
production for taking of
sample.
YLB will inspect facilities
of the proposers.
23 QUALIFIED COMPANIES
PHASE II (Until 05/09/2024)
BOLIVIA
This will be a huge coup for Colin if he pulls it off. Good luck to him. Nothing ventured ....
This is not a done deal apart from being inside a National Park there is a water shortage in that region
"An anticipated increase in water demand from uranium mines in Namibia in the coming years could strain water supply in the Erongo region." Some urainium mining has been paused.
Under the rules following the end of the comments period there ' should ' be an invitation to a Public Meeting at which the issue of the environment certificate is discussed.
An invitation is issued online, I have not seen that yet.
Https://www.birmingham.ac.uk/news/2023/ball-milling-provides-high-pressure-benefits-to-battery-materials
Not sure if this has been linked before. Not sure if it will increase the %.
I have to admit to a small dissapointment . Just a tincture.
I was hoping for ffx type demerger, that now seems a distant possibility.
I am in my seventies and each time we get close, the finish line is extended.
It will be worth it when it comes but will I still be here?
Sorry for the inaccuracies
Just trying to generate an exchange of ideas about the next 12 months.
The truth is LLL ( LEO) lost more 50% of it value within 15 days of coming to market.
Little recovery has taken place, they have changed CEO
Remember this is a company with 255million dollars in the bank ready to develop the mine.
Yet the market is not backing the share. Clearly a long term investment.
FFX after demerger obviously lost value back to 20 cents. (FFX just received 38million dollars for shares Sold to LLL) interesting.
Those who held on to FFX shares or invested In LLL would now be sat on a loss.
The parallels between KOD and FFX are striking. If it is believed that Gangfeng have an option,
Match the best offer and your in the JV, then most likely they will be involved. The point l was hoping to make in the previous post Gangfeng are not miners. Are Kodal miners?
The best would be a three way JV Gangfeng and large mining company and Kodal as sleeping partner. Lump sum plus 9 years guaranteed income.
In the 4/6 months leading to the deal anouncement the FFX SP gradually
Increased by 100% 20 cents to 40.
A 25% increase on deal confirmed to 50 plus.
Over the next 12 months SP increases to 1.20
(Will KOD be 1p in 12 months?)
Then demerger which looked, on first view, a disaster.
The chinese partners want the ore mined for them which led to a demerged JV company for litheum mining Leo Lithium (ASX: LLL)
SP in LLL crashed from 70 cents to 20 cents
SP in demerged FFX dropped to 20 cents
Both shares appear to be good long term investments
Did any original joe public shareholders of FFX make any money?
A similar JV for KODAL will almost certainly lead to a demerger.
As has been suggested selling the Litheum as an asset to a minjng company would be best for us shareholders and KODAL who will become cash rich to fund future developments.
Will our BOD give up ambitions to be miners?
https://www.sigmaaldrich.com/GB/en/product/aldrich/70253
This is a processed price
So many possible applications
https://www.nxtmine.com/news/articles/energy-critical-metals/lithium/pilbara-minerals-reaches-records-prices-for-lithium-spodumene/
$2300 per tonne
Is this same spod or is it mixed with gold!
The whole world knows that only the signature of the PM is delaying the issue of the licence. It will happen, unless the PM has been informed that some Kodal shareholders think he might be corrupt any serious investment in anticipation surely has happened.
So the licence alone will not shift the SP much if at all unless there is other news.
Look at SRES that sp actually dropped on the issue of the licence and the sp has drafted down since because there has been very little positive news about any JV.
The end of the rainy season means drilling for gold restarts. A good gold result plus the licence and news of a pending JV will move the SP upwards.
That won't happen next week. Be patient.