If we look at the geopolitics of Mali and its neighbors very...

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18/12/23

20:33

Post #: 71514351
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Originally posted by manny100: ↑

It seems the 1st objective of plant construction for LLL is well on track for mid-2024, with production being the following step.
So, in terms of the LLL/GF/Mali 'JV', the project is on track to be making $ within a year.
As a low-cost globally top 5 mine, there is confidence that the project will be hugely financially successful - and it is on track.
Unfortunately, all the Mali drama and suspension has taken the focus on the great work LLL have achieved so far and pretty well on budget.
I hope i have not 'mozzed' the project with that statement.
It appears the main issue with LLL/GF/Mali is that we signed up under the old mining law, but Mali are charging royalties, taxes etc that are outside the agreement. From memory the LLL said that by construction end it could be around $40mill?
LLL/GF would be concerned that they are not getting what they signed up for.
So its all worth fighting for.
In the end though the project will make good money whether its under the old or new law.
Rumors that Mali want us out or that GF want to take our stake in the project are totally unfounded ATM. Recently there was the ann expressing GF support.
There may well be some FFX pressure being directed at LLL but that should sort itself out when escrow runs out, FFX distributes and does a runner leaving Morila for Mali to do with what it wants.
At this stage complete disaster scenarios such as LLL being worthless are still 'mind games' than reality.
My opinion only.

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If we look at the geopolitics of Mali and its neighbors very recently and take everything into account - I believe that LEO is in a fantastic position with a very positive future...that's why my sentiment is now = extreme buy.

ALL IMO

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
16 Upvote

1 Great analysis

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