Current SP and any other thoughts, page-388

First 388 Last

Share
Profile

Follow
jakers

686 Posts.

1019

30/08/18

11:27

Post #: 35290457
Share

Originally posted by optimistic punter ↑

From the company website ...

Birimian Limited (ASX:BGS) is a lithium company focussed on the development of the Goulamina Lithium Project in Mali.

Following the completion of a positive Pre-Feasibility Study which highlighted robust economics and a long mine life, the Company has commenced the Bankable Feasibility Study (BFS) for Goulamina, which is expected to be completed in late 2018 ahead of a final investment decision.

The Goulamina BFS is based on a maiden Ore Reserve of 31.2Mt at 1.56% Li2O for 486,000t of contained Li2O.

While its current focus is on advancing the world-class Goulamina Lithium Project to production, the Company also holds the Massigui Gold Project and the prospective Dankassa Gold Project, all situated in southern Mali.

“A bankable feasibility study is part of the second phase of the mining cycle. It compiles the results of all the other feasibility studies done when planning a mining project and adds information on required permits, environmental impact, negotiated contracts and the costs of closing the mine and reclaiming the ground. It is the full analysis you would use to present a mining project to a bank or investor for funding,”

This could be the reason for the sell down as folk don’t wish to wait.

Alternatively one could take advantage of this and increase your holdings

.

Expand

Had to check it myself as I couldn't believe it!

So the BFS has commenced. Good. Completion in late 2018: excellent.

Inside of that the environmental permits and possibly the mining license will be awarded.

BGS Price at posting: 30.5¢ Sentiment: Hold Disclosure: Held
26 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

There are more pages in this discussion • 7,341 more messages in this thread...

First 388 Last

Add FFX (ASX) to my watchlist

Current SP and any other thoughts, page-388

Top Stories

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Featured News