RE:RE:RE:RE:90 Per Cent Increase in Measured & Indicated Resourcestiger2201 wrote: The SP response to the resource increase is a joke.
The resource increase is awesome, but there is NO buying.
tiger
tiger2201 wrote: Agreed, BRZ is way under valued, with the most advanced project, high grade and high quality. Something will happen soon.
tiger
moorage wrote: That means:
For just $ 20M you can buy 323,000 tonnes of Lithium Carbonate Equivalent (LCE) at an average grade of 953 mg / l lithium.
BRZ owns 17% of the above project.
BRZ's market capitalization is a ridiculous $ 20M.
Buyout or takeover is a matter of days or weeks....
Do your own DD.......
Hi Tiger,
So, I sold all my NLC shares and allocated about 35% back to Li.
BRZ looks the most udervalued company and that was one of my goal, either this or growth.
I would make BRZ my new flagship (I want to get rid of couple idle investments), considering the 17% of the salar with 28M cap, would make salar worth under 165M, which is 3X lower than closest peer,s considering that BRZ already have DFS on hand. Partnership with Mitsoui is another bonus that is completely ignored.
Their plan on 2022 - finish the exploration, financing and commence construction would reclassify commpany to preproduction and should bring total cap (of entire venture) to 700M or so (and that is conservative estimate). None of it needed large amount of cash = no need of dillution (except for the actual financing), so s/p should quadruple by Christmas 2022. I could live with it :).
However, I see that the low cap is for good reason. There were delays and changes (Stages now) and none of it for tech. reasons. Bureacracy can be worse than any flooding....
BRZ has no control over anything with its 17% and stage 2 need large CAPEX with government's Codelco sharking around it.
Stage 1 seems to be good enough and off-take is great, all permits are there, but surprises possible.
Well combination of both, very cheap and very low risk we enjoyed with NLC are rare. Here risk / return (both high) are more in balance.
What is your take on it?