Ann: Lithium discovered at Buena Vista, page-7

a couple of my personal thoughts around today's announcement

image 1 - this image shows 3 other mine sites in the navada lithium corridor, 2 owned by ablemarble and 1 owned by Argosy mineral (tonopah)

we know that Nevada is a lithium rich area, we know from the samples taken and the unique geo formation that there is around 20+ precious metals and mineable minerals in this particular geo anomaly area.

my only concern is that we will end up with a lot of new retail on this after the discovery, yes it's nothing, but just having a word pegmamtites in an announcement has had large share price movements for no reason.

image 2 - image 2

is beuna vistas proximity to teslas giga factory. there is s few reasons in my opinion how this lithium play could work out.

1. that a drill program shows potential for DSO just like CXO
2. it would give eyes on magnum from Tesla to pick up other high grade pig and magnetite needed for their battery tech and steel manufacturing for their cars.
3. it would also add another layer of revenue not previously discovered or able to utilised into the big plan.

whilst i do see this is a good announcement for the SP, I'm more focused on Neil and team executing their plan and delivering it on time which is what he has expressly stated he is still committed to.


the bottom line numbers atm.

total projected yearly revenues

1. Buena vista - 1-2mt per annum HISMELT
@ $500 USD/t out of Brazil port =

pig iron = 500m - 1B USD $$$

pci coal = 2mt @ $250- $300 USD/t =

$500- $600m

magnetite DSO 2mt @ $150 USD/t

= 300m

Buena vista total = $1B - $2B USD


Appalachian project yearly protected revenue =

1-2mt @ $500 USD/t out of port Brazil

= 500-1B$


so even without any lithium included you have the potential of


2B-3B per year in revenues from already tracking projects

3B$ per year..... let that sink in, whilst the market cap still sits below 25mc