STTCOMP BGS, FA LONG Market cap $103M BIRIMIAN LIMITED. Lithium...

STTCOMP BGS, FA LONG

Market cap $103M

BIRIMIAN LIMITED.

Lithium deposit in Mali with a not-so-good PFS released a while back. Has been sold all the way down to the pre-lithium run (v2) levels and has a ridicoulous market cap given the quality of the deposit.

Company has been working and cutting energy and transport costs and will be releasing a revised PFS in the coming quarter.
Company released an announcement stating that the transport cost which accounted for half the total C1 operating costs for Goulamina of US$379.

Goulamina C1 costs now reasonably expected to be below US$300/t.

Huge resource upgrade also on the way. Not trying to ramp but I expect this to be an extremely profitable trade (I'm thinking PLS back when it was 35c) as BGS has been sold down extremely heavily.

All this assumes the market doesn't crash in the next few months.

DYOR
Personally taken the largest position I've ever taken in any stock, stop loss for 38c which was the capital raising level a few months ago.