FFX 0.00% 20.0¢ firefinch limited

Re-Rating: General Lithium & Mali Lithium

  1. 11,417 Posts.
    lightbulb Created with Sketch. 1588
    Here's a Re-Rating trigger I'm happy to share with you all, and I'll try to simplify it as much as possible.
    1. Dec-2018: Mali Lithium (Birimian) signs MOU for 55% of Planned Production Goulamina with General Lithium in China.

    Ref: http://birimian.com/pdfs/GeneralLithiumCorporationMOU11Dec18.pdf

    2. Apr-2019: China's General Lithium to launch 60,000 T spodumene converter by end of 2020.

    Ref: http://www.mining.com/web/chinas-general-lithium-launch-60000-t-spodumene-converter-end-2020/In the article, it is explicitly QUOTED as:

    "The plant will convert spodumene, a hard-rock mineral mined for lithium, into 60,000 tonnes of lithium carbonate equivalent [...] from current capacity of 22,000 tonnes of LCE per year."

    "However, the spodumene offtake secured by the company so far – from Australia, Brazil and Canada — will not be enough to feed the new facility."

    This is followed by the known Mali Lithium milestones of:

    3. Mali Lithium to receive MINING LICENCE, which is the trigger to financing to production.
    4. Mali Lithium's time-line is to complete mine production by end of 2020.

    QED Fellas! Our re-rating will begin shortly.... don't be caught with ur pants down.

    China Luvs West Africa!
    Last edited by sachz: 04/06/19
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

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