There can only be one word to sum up BGS now - Buy!
The highest grade undeveloped Lithium deposit on the planet, and getting higher with every drilling campaign.
KJ is smart, he also knows that the tenements hold other Lithium outcrops, probably as high or higher than Bougouni, why not take this offer, drill another, and then sell that to the Japanese - rinse and repeat.
Wood-MacKenzie Global Commodity Research (WMac) yesterday released their estimates for rising Lithium demand right out to 2024, they see this thing going on and on as Lithium technology is married with Tin (for Drones), Graphite (for Automotive), Vanadium, and Zinc for batteries and a range of other industrial uses.
The Australian article yesterday on rising Lithium demand mentioned ONE (1) company only - Birimian !
So according to WMac, we have another 8 years to ride this wave, BGS could become a monster at these grades.
Brilliant move by KJ, right place, right time, right commodity, right in-country relationships, the skill to recognize the opportunity, the skill to target the commodity and drill for it, the talent to report the results, the savy to appoint young hungry Aussie advisors in China, and all this mixed with the obligatory ounce of luck. It's a perfect scenario.
What a year.
And to think that 2017 will probably be even better, with BGS most likely tracking beyond $1 at some stage if a second major Lithium deposit is developed.
Happy times - happy new year.
Gw
BGS Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
