I prefer Nemaska Lithium as the benchmark for BGS because of Li2O grade numbers.
Screenshot below is from 2014 feasibility study: http://www.nemaskalithium.com/en/investors/press-releases/2014/2d98e5de-7d2d-47fc-b8d1-f224159c1aa1/
- The cut-off grade of the reported Mineral Resources is 0.43% Li2O.
I hope Goulamina grade is higher than NMX.
NMX market cap > 400M CAD. But check date of report to keep things in perspective... And it's a feasibility study, not scoping study/PEA.
Maiden JORC?, page-75
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