Running Commentary on the SP Movements., page-121

First 121 Last

Share
Profile

Follow
readyaimfire

10,852 Posts.

1477

28/09/17

17:34

Post #: 27528675
Share

Originally posted by PASBOZ ↑

You do realize that directors have a small time frame to which they can buy or sell .
Klaus now and other directors are excluded to buy or sell while negotiations for T/O or off take agreements.
Perhaps his daughter needed the money for another project.?
Either way he still holds 75% and another director with numerous connections still holds above 80%.

2 mines at 1 billion tons each is my estimate if drilling continued... those depths 250 metres with mineralisation of 1.5% only Greenbushes is comparable.

Greenbushes did not have Tin credits to offset operation costs to less than $20 per ton.
Low iron content in Manono so technical grade potential.
not all lithium mines have tech potential.

drive it lower / trading halt /open up at 20c

Agree mining 8 far too valuable to be sold under 30c.

do the maths... at 250 metres in depth over not the standard 200 metres width but 400 metres width.

In these studies, Manono pegmatite is conventionally considered as a multi-branched dyke or laccolite, extending 14 km along a NE-SW axis (in agreement with the direction of the host micachists) and presenting in its middle a hiatus of 2.5 km. The width of this body varies from 50 to 800 m, with an average of 400 m. The SW (Kitotolo) area has an area of 1,350,000 m2 while that of the NE part (Manono) is 1,200,000 m2.”

These dimensions are enormous. If you assume a depth of just 50m, noting that it has been drill tested to 100m ending in mineralisation, you get a volume of 127.5m3 of volume, multiple by 2.8 and that’s 357MT of ore assuming spodumene mineralisation throughout. And that number doubles for every 50m of depth and consistent thickness proven. Obviously just an exercise in big numbers but the site has huge scale.

Expand

You do realize that directors have a small time frame to which they can buy or sell .

Sure, as I've said its not the sale itself, even thou we all know what damage directors selling does especially when on the same day they are standing on the metaphorical podium telling how fantastic it all is

Klaus now and other directors are excluded to buy or sell while negotiations for T/O or off take agreements.

Is there such a negotiation going on. Or is thrown in as just part of the Ramp Fest associated with this stock at present.

AVZ Price at posting: 10.5¢ Sentiment: None Disclosure: Held
7 Upvote

0 Great analysis

Reply