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Just4kicks

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15/02/21

21:02

Post #: 51011248
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Originally posted by jman0076: ↑

It's interesting, but for me it's a distraction right now. The problem with lithium during the height of the craze was that every man and his dog was trying to talk up their project and exploration results as the next big thing. Even if the demand ever catches up to the supply capacity and we see a price increase, there are probably half a dozen or so large projects waiting on the sidelines ready to flick the switch and swamp the market with excess supply again. And I'm not talking just about Australia, lithium can be found in other countries as well.

The geology of lithium deposits compared to narrow-vein gold is relatively simply, but the processing is complicated and the capex to build a new plant is enormous. I'd be more interested if BRB had some high purity kaolin resources tbh. Let's get the Bombora open pit and ug cranking, and then worry about the fluff on the side. The lithium hits are probably worth a follow-up at some point, but low priority imo.

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You're right Golds the priority anything else is really just a distraction at this point.

BRB Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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