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 wit
h 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!
(20min delay)