we getting now the cash for our open pit mine on NO FURTHER DILUTION - I’m popping champagne bottles for that fact alone.
yea difficult time - if u need to raise money - money isn’t our problem anymore -
what if - I know unlikely but tomorrow the lithium market collapses - you will say thanks god we sold that quickly - we NEVER KNOW.
in my opinion - brb is on track to become a dividend machine over the coming years. We were lucky to find lithium at about the right time. So me personally will stick around for a long time.
de risking is something very important these days - and I sleep better with 80m$ in the bank and no debt.
re 200M $ : ever looked at the open pit study - we get it one way or another - why trusting someone else to do a better job at it. What if …. Gl1 other deposit suddenly gets more priorities ? Our 20 % share could have been purposely devalued so we give it up for less- thanks to deep pockets over at Gl1 - but it’s gl1 who knows those guys and not brb ! So I think it was a good deal!
could it be more , always ! Could it be less , we don’t worry about this part anymore.
no investment advise
BRB Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
