Savannah Resources Share Discussion Threads

[ged5] 02/3/2018 10:04

"A world top 5 hard rock lithium deposit"

A bold statement but it does have a ring of truth!

If it does prove to be that good how long will it belong to SAV?

With Al Marjan and Rio on board I can't envisage a TO.

[ged5] 02/3/2018 09:24

I totally agree with your post479 Ed. The Beaufort interview is certainly worth a listen.

How tantalising is today's announcement? Still at least we're almost there.

As I posted earlier options expired this week so as you say, BW extra cash.

[broncowarrior] 02/3/2018 08:15

Can't be any houses around there surely? Thought it would be the first, not the last! Options exercise provide a bit of cash too...

[edgein] 02/3/2018 07:50

Good news, almost there on Oman now too, can't see the ministry of housing having an objection to this mine. :)

Regards,
Ed.

[edgein] 01/3/2018 08:57

Listened to that link you posted again this morning Ged (Post 465). you can tell DA is excited by the quality of all our assets and comparing our asset to those ozzie lith miners valued significantly higher than us. And that's just for the lith. You can get an idea of his longer term plans here when he compares our assets to those companies and talks about new plants in Poland and Hungary for production I guess of Lithium carbonate. They'll need a strong supply of lith concentrate. I guess he has good reason to be excited when the 9Mt is based on just 60 of the 100 drill holes to date on just 3 of the 8 targets along this 10kms. Its gonna get interesting when they'll have 3 rigs drilling lots of these shallow holes this year. Market is completely missing this one on the titanium project let alone this ever growing lith.

Regards,
Ed.

[ged5] 28/2/2018 17:03

"Demand for lithium chemicals is growing rapidly. Unfortunately, the cost of these chemicals is rising, too. Lithium chemicals constitute less than 10% of the cost of lithium ion batteries, but that price is relatively inelastic to demand. Increased use has meant escalation of both product price and demand. In China, pricing for lithium carbonate recently exceeded $15,000/t and there is a shortage of spodumene, the main hard-rock source of lithium. New suppliers and support for the existing industry are both needed."

[ged5] 28/2/2018 14:05

Good points made IB.

Was the concentration plant discussed and dismissed or was it some other processing? My memory fails me.

Yes 10Km across the Mina do Barroso and thats just one small area.

I just noticed eagle eyed Stephens across the way pointed out our new listing in Stuttgart. It first appeared on 12th Feb. I wonder if that was Martin Steinbild's suggestion.

[inbrackets] 28/2/2018 12:10

There are so many news items to come, where do we start.The recent interviews talked about a 10km lithium belt across the Mina d Barossa mining licence. Today's announcement of a scoping study includes a concentration plant to cover the nuclei within the licence area. I was hoping that we may have heard about any further progress on any additional exploration / mining licences in other nearby areas eg Reigoso that could subsequently be feeding in to the scoping study and concentration plant.All bubbling up nicely.

[ged5] 28/2/2018 11:49

I had expected full year results today. Still this was again excellent news.

We will however now require an amendment to the licence which is only for 7Mt. We'll see how supportive the Portuguese government really are.

At least we'll have a good indication of the costs in the summer then straight into the DFS.

[uen_investor2] 28/2/2018 11:33

Serabi does look crazy cheap (SRB)

Buys coming in strongly. 1 MM left of offer...

-Net assets $64million and most of that made up of plant equipment.
-Strong gold production.
-Big increase in cash pile last results
-Turn to profit
-No value added for the gold rise
-Big scope for growth, new drilling to lead to 100k a year production

[ged5] 28/2/2018 08:19

Indeed Ed. They really are showing intent to fast track Mina do Barroso.

[highly geared] 28/2/2018 08:18

Shame the same can’t be said about Oman ( not that it’s their fault).

[broncowarrior] 28/2/2018 08:14

Yep, they are flying along here.

[edgein] 28/2/2018 07:42

It really is full steam ahead for SAV's lithium, they really do mean business. Scoping study after just a number of months of drilling, pre-cursor to the DFS and then development decision. When they said they'd accelerate this project they meant it, scoping study to be complete next Q.

Regards,
Ed.

[ged5] 27/2/2018 22:26

From this evenings tweet:=



I was going to write that I was beginning to feel ashamed about owning a diesel car when I read the article further down the page:-



Let's hope they get the technology right for EVs and the prices down.

[ged5] 27/2/2018 14:10

Too kind. It's the company that's the best. I keep playing the Beaufort interview from 5.25. I just love hearing DA's comparisons.

[broncowarrior] 27/2/2018 13:59

Thanks Ged, on the ball as always. One of the best threads on this site I would say, nice one.

[ged5] 27/2/2018 11:41

It sounds more and more that Portugal is the number one priority:-

[highly geared] 26/2/2018 10:35

If they could get Oman signed off and into production late 2018 as the price of copper continues to rise , this could be a very under rated multi commodity stock that’s hit the sweet spot in being in the right commodities at the right time...

[edgein] 26/2/2018 09:38

Ged,

Thanks for the links, good interview, lots more holes drilled since 2017 and now with two rigs and a possible 3rd on the way lots and lots more holes to be drilled. With practically every hole enhancing value. They certainly are busy, development decision and further resource upgrades expected this year.

Regards,
Ed.

[ged5] 26/2/2018 09:27

2 tweets yesterday plus 1 more today to go with this excellent news.



Of course the interview as well.

Hxxp://www.proactiveinvestors.co.uk/companies/stocktube/8800/savannah-resources-reports-200-increase-in-resource-at-mina-do-barroso-8800.html

[broncowarrior] 26/2/2018 08:16

Yep, good news. All inferred at the moment, hopefully diamond drilling should move some of it to actual category.