Ann: Bougouni Lithium Project Update-BGS.AX, page-74

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notlistening14

2,216 Posts.

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10/10/16

14:02

Post #: 19746479
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Originally posted by Gwaihir ↑

Exceptional drilling and report - again!

Oh man, these are the best grades of any Lithium project globally, since Greenbushes.

And grades cannot be ignored for long.

Previously tested to chemical grade 6.7% Spodumene - exceptional.

The old experienced CEOs of 2 USA Lithium companies believe that Lithium grade is king, look for those deposits that are over 1.5%. I've posted the link to these articles before.

Spodumene is not rare, but high grades are - this is the crucial difference. BGS has the second highest in the world from their drilling so far, and no-one seems to be disputing this.

Drilling commences again in November.

I think what you will get at some point, for better or for worse, is one of the big international Lithium mining companies taking a position in BGS, it could be Albemarle, or SQM, or FMC, or Tianqi, or Ganfeng.

The latest results include the widest and highest grade intersections reported to-date from Goulamina. These zones remain open along strike and to depth. The potential here is enormous.

BGS are moving fast now, bringing in experienced and well credentialled consultants.

Cube consulting.
CSA Global.
Como Engineering.
Digby Wells Environmental.

It's all happening. They are not messing around.

Gw

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This is the best and most bullish announcement to date. There isn't much more to add. Extremely happy with this - I think affirms for everyone we are now sitting on the highest grade unmined spodumene deposit globally. As has been said, grade is king.

This is only going one way and that's resuming its uptrend to 60c and beyond.

80c by EOM.
GLTAH.

BGS Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
21 Upvote

0 Great analysis

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