I didn't expect a full rebuttle but while we are at it why not
1 & 2.The PFS figures will hopefully capture the Canaccord pricing used by TAW, that was significantly higher than the figure used in the SS and in the PFS & DFS for PLS & AJM. I'd suggest most look at the TAW report and the pricing used.
3. I'm pretty sure if you go back and read @MichaelBond89 post you will see that the train line is running and runs the required distance for BGS at the moment. From the port to Ferekessedogou or however you spell it.
4 & 6. Yes, BGS will receive that money but thats better than not receiving any money like many lithium hopefuls out there are! To be in bed with Randgold is still pretty good and shouldn't be discounted too much.
Nothing is monetised until its sold! LOL look at
7. I did the NPV calc myself and relied on @Ubique13 figures. It isnt hard to do a DCF, I used a discount rate of 10%. you could use 12% and it would only bring it down to around $240 mil MC
9. The carbonate route is where the money is! I'm glad management have gone down that path. I say 100mt because say a big player comes in and wants to take BGS they probably want security for a long time and then hence why a 100mt figure looks good. I agree though what we have now is good and 50mt+ would be great, it certainly looks possible! As for getting to market as soon as possible did you see Beijing is going to have 6 times as many more EV buses on their roads in the coming years? A bus uses 6 times the lithium of a car!
10. If you don't like AVZ fair enough. As for the discount in Africa, can you call up Randgold CEO Mark Bristow or Klaus Eckhof and ask them what they thought about mining in Africa while they found million if ounces of gold?
If we don't get an NPV on this project i'll go to Subiaco and slap the cappuccinos out of managements hands! A slow and steady increase, day traders can get caught out at the blink of an eye with an undervalued resource!
I see what you're saying about expectation! look at the old 3 amigos (cue the mariachi players music) we had running the show! the entire market knew they weren't capable of shooting a fish in a barrel
Hey at the end of the day I just compare what we have, what is in place, our value and our potential and I see blue skies ahead! I know you do to!
BGS Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
