we are back with first energy medals |
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have to get your camera working one of |
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in one of the things that we're always |
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you know three things going for them one |
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multi-billion dollar market |
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in one year it's been over 10 times uh |
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another two thousand three thousand |
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DATE
two thousand three thousand
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dollars yeah another ten percent or |
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PERCENT
another ten percent
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fifteen percent yeah and that's a week |
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it's one of maybe china might have |
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we're probably looking at 100 thousand |
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whatnot so in the us that's about four |
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around fifteen percent |
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PERCENT
around fifteen percent
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2030 we're looking at a 30 percent |
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by 2030 a lot of the major domestic car |
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up to 20 beyond so here the domestic |
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aspect of it like when one shows up in a |
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in two years i believe |
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in two one or two years so yeah so it's |
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lamborghini in two years uh with the |
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two years that's electric even toyota as |
5.28 |
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well they're investing 70 billion into |
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million tons a year but to grow that |
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this is where first energy comes in so |
3.28 |
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we first |
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a 43-101 compliant exercise of drilling |
6.08 |
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0.6 miles for for the u.s investors |
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nearly 20 million tons |
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QUANTITY
nearly 20 million tons
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|
look at our results you see one percent |
4.88 |
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or uh parts per million and one percent |
5.84 |
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|
is actually 10 000 grams per tonne or 10 |
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QUANTITY
10 000 grams per tonne or
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000 parts per million so that would be a |
4.639 |
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|
metric a mental metric is one ton |
6.08 |
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would actually give 10 kilograms |
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|
|
22 pounds 10 kilograms of lithium for it |
4.16 |
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QUANTITY
22 pounds 10 kilograms
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|
it'd be one ton of rock per one car |
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|
20 million or more |
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they have 20 you know they've |
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of 20 million tons of lithium right |
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value of that 20 million oh okay you |
4.241 |
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two years ago if you did your valuation |
4.56 |
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|
a tenth |
3.36 |
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|
a project in ghana with about 20 million |
6.08 |
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CARDINAL
about 20 million
|
|
production value is about 3.8 billion |
4.8 |
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so these are multi-billion dollar |
3.519 |
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|
|
several billion dollars the resource |
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MONEY
several billion dollars
|
|
what the odds are you know like 34 |
5.44 |
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|
a seven kilometer strike length |
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|
|
and so that's um about four and a half |
6.081 |
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CARDINAL
about four and a half
|
|
where we're located there are two |
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|
call it with all within 10 kilometers |
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with within us um and there's one major |
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for us where we need to raise 300 |
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|
million or 500 million for mine to build |
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|
about is less than two miles away it's |
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QUANTITY
less than two miles
|
|
one by one in case anybody has questions |
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|
uh the latest one uh |
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i think was tuesday right the 25th yeah |
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what the six meter |
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|
this is the uh 5.2 meters yes |
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|
phase two |
3.599 |
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|
consistent widths of around 17 20 feet |
6.24 |
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QUANTITY
around 17 20 feet
|
|
in some cases 60 feet in width |
4.0 |
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|
lithium one of the more successful |
4.559 |
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|
|
around the 20 million ton level so |
3.681 |
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QUANTITY
the 20 million ton
|
|
two miles away from them |
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|
of of one percent approximately |
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|
300 meters let's go to 400 meters we |
4.64 |
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|
|
almost you've drilled almost 300 meters |
3.52 |
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QUANTITY
almost 300 meters
|
|
the most around 200. |
5.12 |
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|
okay but this one says 292 drill depth |
6.16 |
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|
said got it okay it was there's only one |
3.2 |
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|
maybe 100 feet and then you want to |
5.04 |
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|
drill it 200 feet 300 feet 400 feet to |
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QUANTITY
200 feet 300 feet 400 feet
|
|
for this first phase of drilling it was |
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|
and the second phase of drilling |
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|
one that we didn't look at with the |
4.64 |
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|
first phase that was to the south of us |
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|
from the first phase of drawing |
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|
in your neighborhood they're two |
3.92 |
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|
they're three kilometers 1.8 miles or |
4.0 |
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QUANTITY
three kilometers
|
|
basically it's a brisk walk of about 40 |
2.719 |
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|
10 miles then it's it's logical to try |
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|
to the one production facility otherwise |
4.4 |
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|
|
the original target was about 825 meters |
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QUANTITY
about 825 meters
|
|
half of that with phase one |
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|
|
three-story buildings and you know |
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|
|
this three-story building that might |
2.56 |
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|
|
a hundred grand all of a sudden um you |
4.0 |
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|
|
a billion dollars so it's a um |
5.12 |
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|
you know two years ago |
3.12 |
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|
so for two two reasons they want to have |
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|
|
compelling um okay so one thing you |
4.88 |
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|
first yeah first energy it's not about |
4.32 |
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|
|
i said two miles away |
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|
|
two companies would be |
3.6 |
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|
|
you know ten dollars a share whatever |
3.12 |
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|
|
graham do you want to take this one yeah |
3.76 |
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|
|
which is the 43101 report and complete |
3.6 |
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|
|
roughly 12 months |
5.12 |
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|
|
about 12 months in about 12 months okay |
3.52 |
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|
|
and 12 months from now |
4.319 |
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|
|
valued as a 43 100 it's it's the value |
4.4 |
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|
|
is about 15 million |
3.28 |
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CARDINAL
about 15 million
|
|
notice the market cap today is what 15 |
3.6 |
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|
|
million bucks right |
4.319 |
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|
|
you know to get to a 43 101 how much |
4.88 |
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|
|
they have a resource of 21 million tons |
7.76 |
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|
|
estimated to be 3.4 billion |
6.24 |
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|
|
that's 21 million tons in size which is |
4.399 |
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|
|
about nearly 300 million |
5.04 |
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MONEY
about nearly 300 million
|
|
north of 200 million canadian right |
5.76 |
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|
|
in 12 months when you have the 43 101 |
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|
and uh there are 200 they're not a |
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|
|
and get a 200 million plus |
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|
|
which one is the more kind of perfect |
4.161 |
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|
|
three there's three major types brines |
5.68 |
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|
|
southwestern australia okay which one is |
4.16 |
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|
|
12 000 feet elevation it's extremely dry |
6.56 |
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|
|
the lithium the same the one that's from |
4.48 |
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|
|
mentioned over 10 times |
3.839 |
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|
|
a 43 101 resource in the next 12 months |
6.0 |
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|
|
a couple hundred million dollars |
4.72 |
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MONEY
a couple hundred million dollars
|
|
you know billion dollar company already |
2.96 |
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|
|
six mining jurisdictions in the world |
4.56 |
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|
|
think the next year for first energy is |
4.48 |
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|
|
okay so uh 22 is the year the theme is |
5.28 |
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|
|
first energy |
4.0 |
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|
|
literally one drill hole that'll |
4.32 |
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|
|
don't think there's any one |
4.081 |
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|
|
one particular um metric green point |
3.601 |
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|
|
matter of at any one time we could get |
3.2 |
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|
|
comp that you mentioned before for 200 |
3.84 |
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|
|
million plus which is in africa so in |
3.2 |
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|
|
400 million 353 you know |
4.4 |
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|
|
often uh a third of that so okay people |
7.199 |
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|
|
400 million just based on you know |
4.72 |
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|
|
end stage uh at the 43 101 but |
4.559 |
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|
|
every step along the line for 43 101 |
3.92 |
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|
|
know i'd like to see a 40 cent level uh |
6.4 |
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|
|
just recently we had a dip of 900 points |
6.32 |
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|
|
400 points in that same day so |
4.799 |
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|
|
200 cars it goes into some of these uh |
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|
|
stations now i found out there's 12 |
4.56 |
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|
|
the last 18 months |
3.68 |
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|
|
uh to make first energy an attractive |
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|
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