Waiting waiting waiting, page-12

Ok, Jakers lets break it down shall we?

1. AJM is worth about 250 mil and will grow quickly, I topped up at 14c. Predicted $500 MC in 12 months. BGS has a much better resource as well

2. AJM you mention great costings? They produce at about $15 cheaper per tonne than BGS SS. I expect BGS costs to come down in the PFS. they are going to be producing 150ktpa on a 1mtpa processing plant. BGS on the other hand will produce more form the higher grade resource.

3.The ramp up of the railway has already started (https://pmepmimagazine.info/sitarail-recrute/) with construction of the upgrade to start in 43 days. Don't forget the rail line already runs.

4. The gold deal is worth about $15 mil. That was not announced until after we went into suspension.

5. We have $6 mil in the bank currently.

6. 43 mil MC subtract the $15 mil gold and $6 mil cash gives a value of $22 mil for our lithium project

7. The rough NPV from the SS was $250 mil, with an upgraded resource and LOM of 15 years I would expect the NPV to be around $400 mil.

8. That means the current value of the lithium project without further investment is trading at a 95% discount!!!!

9.That's based on current numbers, if we end up with 100mt+ and you put a 4mtpa processing plant on board the NPV will grow significantly.

10.Discount for Mali and Africa but we have seen AVZ run (all smiles from me) and it shows that a great asset needs the right management to take a project forward and BGS finally has that.

11. I'm realistic about BGS don't get me wrong but with the former board running the show there was no serious investment, I'd expect that to change rather quickly.

12. A carbonate plant study will only enhance the valuation of the project as well and we have current management to thank for that.


But you're right jakers, we aren't worth a thing. Not worth a thing until all holders top up