Whhhhhyyyy could they not put this into a tidy little...

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HowieG

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30/08/18

18:16

Post #: 35304611
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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

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Whhhhhyyyy could they not put this into a tidy little announcement and update the bloody market... no no no enough investors must flock to the company website on the daily to have seen this for themselves ffs.

BGS Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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