Ann: MetalsTech Secures $18M Deal for Lithium Assets, page-20

G’day all.
new to this one.
as usual my buy timing sucks, but it’s only a modest investment for now. I’m heavy into IO juniors atm.

quite a few issues surrounding this one. On the surface looks very cheap, particularly with Li asset spin out. Might be ok, as Li hot atm as we saw with recent spin out and IPO of LEL. Although it has nice graphite too.

not much in all the Ann’s I’ve read back to acquisition in 2019 about getting into production. Toll treating. Maybe getting to a concentrate and either shipping 100km to Poland or sell it as concentrate.
the best place to start mining has issues that mean they’ve switched to another area. We need to know how much of the resource is in this first to be mined area. Obviously new drilling there will help by the look of it. With POG and grade, maybe start with toll to get $ coming in, then move to concentrate.

agree with another poster who doesn’t like the huge amount they’re taking for themselves. $460k in 6 months is a bit hot, when not in production. The best ones know what they have and take not much until info cash starts flowing.

I suspect they won’t say much on production options until they have a handle on resource size/composition in this first area. Li spin out hopefully will go as well as LEL.

management a ?. Will be watching closely.

cheers,

ned, a yet to be fully convinced investor.