Euroz Coverage, page-9

  1. 2,947 Posts.
    lightbulb Created with Sketch. 2627
    As much as the SOI will increase to circa 750-800m, I think this would be a fantastic outcome...

    There will probably be a RI or SPP attached to it, so circa 65-70m is going to be raised...

    We are going to hit this mine hard and fast.... drill and scale up aggressively...

    whilst I suspect some people will not like the dilution, and I can understand that, but to raise 70m in days, in Mali, during covid and some political instability, is a massive home run... it will ensure our future and give us every chance to get to the $0.5b-$1b MC in 12 - 18 months...

    Having 800m SOI is still 4 times less than our African peer, and we will have a fully funded producing gold mine that can organically scale up to 150k oz pa.... and then organically fund a fully owned world class lithium project... 800m SOI for potentially 2 world class operating mines!

    The full equity approach also means we can be 100% unhedged... so gold upside is unleashed... having any debt would have put us in a position to hedge as debt financiers would make this a CP.... im sure our Royal mate should be well aware of this... if he and his cronies cant even admit this is a good situation, then ive lost all hope for them... If you are an afircan lithium investor, wouldn't you rather own a stock that still has a MC less than yours on a full % ownership basis, 1/4th the shares, 7 times the cash, wont issue any more shares, 1 full operating gold mine, a more profitable spodumene operation, 40% the cost, 5% the technical risk because you don't need a downstream plant, and a 100% more likely chance to get your product to market??? That's just for the lithium investors...

    For the gold alone.... the story is clear...

    MLLs defining moment is now.

    Boy.
    Last edited by boy1: 03/09/20
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.