Waiting waiting waiting, page-16

Well, I didn't say BGS is worthless, no need to get sensitive. BGS is the only lithium stock I own, only using other producers as comparison.

1. Oh 200-250MC, I haven't really looked at them recently. Ballpark figure roughly right.
2. That is exactly my point; we only have a scoping study to work from. AJM has cost figures from their DFS, we can compare once we have the PFS.
3. The rail does not connect the entire route and it will take years for the upgrades to be completed. I actually think this is fine based on Michael Bond's thorough analysis but need confirmation on this. I'm sure the rest of the route is sealed road.
4. Again people are assuming it is around 15 mil. We will recieve that money over the next few years, in smaller amounts. They have to actually mine it first lol. It is great, but it may not help as much with financing as people think.
5. 6 mil is fantastic. Some of that could be used to pay taxes though, announcement coming soon. Hopefully nothing major here.
6. Again gold is not monetised at this point. We will recieve 1 mil upfront, rest is uncertain in both amount and date paid.
7. No it wasn't. They did not present an NPV if I recall correctly. We have been forced to estimate NPV. I agree it will ultimately be 400 mil (initial plant at least, further upside in future).
8. Based on your assumptions. Hence my previous post.

9. 100mt? 4mtpa? These are aspirational at best. Company has never stated they are moving towards a 4mtpa plant and the capex would be dilutive unless we use future revenue to fund. That means several years away, if at all. Personally I think we need to focus on the hydroxide/carbonate path for now. 50mt is more than enough for the next 10 years. Then we have 10 years to drill out more if necessary. Spending more on developing this resource is just a waste of time once we hit 50mt+ imo. Remember prices for LCE are generally forecasted in most PFS/DFS models to drop over the next couple of years. Long term lithium could be replaced completely - we need to get to market as quickly as possible.

10. Not a fan of AVZ, for all the reasons I have put forward. It has bubbled because I don't think the average retail investor can distinguish between resource size and quality of mine. AVZ will not be PLS. Currently just a giant wad of metal at the moment. Huge risks with that one, but no point in comparing because nowhere near BGS in terms of progress/goals/location. I still think people are pricing in AVZ being in Africa & DRC, and BGS will (or should) always have African risk priced in.

11 & 12 Totally agree but we have to wait to get that confirmation. Need to see someone come on board, contracts signed. Need to see viability and costs of hydroxide plant in PFS.

Good to see you are excited about BGS's future. I certainly am but also want the tough questions answered. I swear if we do not get a NPV allocated to the project in the PFS I will be very disappointed.

I am also worried about being at this end of the market and having BGS becoming a day traders plaything. Much rather have steady, measurable progress in SP than people shouting 100mt! 40MC! highest quality! etc. Low expectations, surprising results. Otherwise when something goes wrong and it turns out we don't have that 100mt resource that the market has priced in, SP get destroyed, loss of investor confidence makes in harder for company to raise funds etc.