Bradda Head Lithium Share Discussion Threads

[cat33] 01/7/2024 14:02

Good summary https://mining.beehiiv.com/p/jims-mining-letter-july-1-2024Worth reading

[haggismchaggis] 01/7/2024 13:13

Rock containing 929ppm lithium?
.
"The resource now contains 20 million tonnes of 929ppm lithium for 99Ktons of LCE in the Measured category"
.
The prices from Red Cloud are for LCE, which is how it's sold.

[bill216] 01/7/2024 11:22

So what does the 20 million tonnes refer to ?

[haggismchaggis] 01/7/2024 10:03

"The Company is reporting a new MRE consisting of 99kt of of lithium carbonate equivalent ("LCE") at an average grade of 929 ppm lithium in Measured classification, 560kt of LCE at 860ppm Li in the Indicated classification; and 2,175kt of LCE at 808ppm Li in the Inferred classification following the completion of drilling, reception and analysis of geochemical results, and new modeling of the Basin project."
.
99 + 560 + 2175 = 2,816kt = 2.816Mt
(The target was 2,500kt = 2.5Mt)
.
"The total drilled area at Basin East/Basin East Extension/Basin North covers only 4.0km2 of our 20.8km2 license area at Basin."
.
20.8 / 4.0 x 2.816 = 14.62Mt potential resource for the whole area
.
Red Cloud September 2023 report gives a share price at 3Mt of CAD$0.43 with 390.6m shares in issue. There are still only 390.6m shares in issue today, so at the current exchange rate CAD$0.43 is equal to 24.8p.
.
BHL are only slightly short of 3Mt at 2.816Mt with plenty of upside ahead.
.
If 3Mt is worth 24.8p then the current fair value is: 24.8 / 3 x 2.816 = 23.27p
.
The potential of 14.62Mt means: 24.8p / 2.816 * 14.62 = 128.75p per share if that resource level is achieved.
.
See
.
And
.
.

[ged5] 01/7/2024 09:16

Looks like excellent news. I'll have another read tomorrow.

[karimgrant] 27/6/2024 11:11

So under valued!

[haggismchaggis] 27/6/2024 07:16

Previous result:.Tripled "BHL received payment of US$2.5 million from LRC following expansion of the Basin resource by drilling 2,355m and 14 sonic holes tripling the resource from 0.371Mt to 1.085Mt LCE".This result:.Suggested it will triple again "We tripled the resource last year and are optimistic we may achieve something similar with the conclusion of this 2024 program".So looking at 3 x 1.085 = 3.255 Mt LCE.That blasts away the target to get the 3m dollar payment, and makes BHL ridiculously undervalued..

[gepetto100] 20/6/2024 12:59

Makes sense - I'll keep you company on the arthritis

[ged5] 20/6/2024 11:14

Hi Gepetto, yes keeping well apart from the arthritis. Knee replacement looming.

I thought he'd mentioned a South American company as well.

Not so certain he'll sell BHL in it's entirety. I'm under the impression that the brines will eventually be sold off or at least a joint venture.

He's certainly mentioned waiting for others to come up with solutions for clay deposits so I imagine he'll sell Basin and Wikieup.

The star of the show- San Domingo- he might want to develop or at least wait until he can get top dollar.

[gepetto100] 20/6/2024 08:23

Apologies it was Canadian Ian Stalker, the current chairman of Bradda Head Lithium, previously sold LSC Lithium Corporation. This company was sold to Pluspetrol Resources Corporation B.V. for approximately C$111 million in March 2019

[gepetto100] 20/6/2024 06:57

Morning Ged5 - hope you and your family are wellBeen away and a nice surprise on return looks like patience is paying off If you remember Ian Stalkers last foray resulted in him selling the business (South America from memory) at a large profit, could we be gearing up for the same I wonderFunny where has albert gone by the way

[haggismchaggis] 19/6/2024 19:44

Previous result:.Tripled "BHL received payment of US$2.5 million from LRC following expansion of the Basin resource by drilling 2,355m and 14 sonic holes tripling the resource from 0.371Mt to 1.085Mt LCE".This result:.Suggested it will triple again "We tripled the resource last year and are optimistic we may achieve something similar with the conclusion of this 2024 program".So looking at 3 x 1.085 = 3.255 Mt LCE.That blasts away the target to get the 3m dollar payment, and makes BHL ridiculously undervalued..

[haggismchaggis] 19/6/2024 15:59

Atlantic Lithium (Lithium junior) GBP129.28mKodal Minerals (Lithium junior) GBP110.35mBradda Head Lithium (Lithium junior) GBP8.4m.SERIOUSLY UNDERVALUED.

[haggismchaggis] 19/6/2024 15:43

Burgeoning resources is what made it go up 30% and it's still WAY UNDERVALUED.

[haggismchaggis] 19/6/2024 14:44

Still only worth GBP7.81m, not much more than a case shell, but with burgeoning Lithium resources.

[haggismchaggis] 19/6/2024 12:32

600,000 buy trade at 2p. Nice to see but still ridiculously undervalued!

[casholaa] 19/6/2024 12:02

Hello my bruddas. Look's like we may do well here. Nice find Ged5.

[ged5] 19/6/2024 10:19

Not really! Waste of a click!

From the latest RNS

"All of the geochemical data, including a refined Leapfrog geologic 3-D model, are presently with the Qualified Person, who is generating the 2024 MRE (Mineral Resource Estimate). We anticipate the MRE will be completed within the next few weeks, following which the resource will be announced.

Rock chip samples were also collected in Basin North around the north margin of the sedimentary basin, detecting up to 1,241 ppm Li on the surface, proving the exceptional expansion opportunities towards the north, along with what the Company knows about the extensive potential at Basin West"

Not long to go now before we hear if the $3m will be on the way to Bradda.

[cat33] 16/6/2024 11:52

Strong progress herehttps://mining.beehiiv.com/p/jims-mining-letter-june-16-2024Worth reading

[ged5] 14/6/2024 08:32

Been on holiday and a few family matters but quite a lot has happened in that time.

Some of the money lost to fraud has been recuperated, drilling completed, results received and a presentation in a Red Cloud webinar.



Some good grades in today's announcement which should lead to a saleable asset at some future date.

In the meantime we'll have an updated MRE which the management are confident will bring in the $3m royalty payment.