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manny100

5,360 Posts.

2330

09/04/21

00:02

Post #: 52345100
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Originally posted by rainbowdaisy: ↑

There was no mention of labor laws in the DFS that I could see, does Mali have labor laws?

We’ve seen DFS by two lithium projects in PIlbara and one of them failed to keep costs down. PLS similar issues. And it’s fundamentally the feedstock, it’s variability. MLL / FFX has a representative ore sampling of 1.75% for first 5 years. Correct if wrong, that they were confident on as predictive of what’s there in the ground.

And then they said next stage was ore variability testing. Finally Ore Reserves appear, just looking at FFX website page, 1.61%. And after first 5 years down to 1.51%.

As is well known heterogeneous resources : reserves have often not been what “experts” predict. Experts for PLS were gunho that everything was robust but the truth came out and a nice one: they could find a market for tech grade product. NO. Not expert. The hype was incredible there. I do think FFX attempt a more honest approach, but Doc did say, in not so subtle words, that FFX was on the brink, and there’s all kinds of pressures to perform.

It is just really curious they drop the down stream strategy when quite a few are chasing it with EU in mind. Even Glencore XPS, are doing it, and lithium oxide considering the concentration of lithium would remarkably reduce pressure on logistics. The company has never really commented on whether it can work. (Besides logistical issues)

i think you need to be more honest in this forum and cease all these defensive strategies. If MLL can announce thee was a CDR accident it can confess the ‘accident of a kind’ about the scoping study. It is simply not good enough, to make people wait 12 months to learn from early 2020 to 2021 January in the Quarterly a bit more explanation on the issues of the scoping study.

i know why, I know how close some are to others. Some don’t..

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None of what you have said is relevant. Just trying to divert.
Mali has been a successful mining jurisdiction for a long time.
Just ask the gold miners.
Try not to over analyse.

Last edited by manny100: 09/04/21

FFX Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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