RE:RE:convo with managementI'm sorry but there are a couple of things that I overlooked and forgot to mention in my previous email.
1) JFM talked about the new drilling and the fact that it won't hold up the BFS. He said the BFS will be released as scheduled, then in the near future (early-mid next year I believe), it will be updated to include these new results that they are drilling right now.
2) I made a comment about the share price and how ridiculous it is for the company to be trading at $50Million market cap and how with the BFS release it should show $1Billion to $2Billion value. JFM kindly laughed and told me that no no, it should be more than that.
3) he said that going into production for 2018 is very quick, given everything that needed to happen thus far, and everything that still needs to take place. But once the BFS is out, things should really start rolling.
Again, take it for what it's worth. Trying to predict what the value of the BFS is will be impossible. But if they update the numbers to include the following:
- current market value of lithium (not $6,000/t)
- new improved recovery rates for lithium and tantalum
- take into account the infrastructure already available (which will save them a ton!!!)
- include Mica and anything else they wish to sell
Well if they include these, you can see how $1B to $2B is cheap. I think that's it. If I remember anything else, I will post again.