In just a matter of weeks, sometime in Feb 2018, the mine at Bald Hill in Western Australia will ready for commissioning.
Among other thing, the rapid progress of the construction has earned mine owner Alliance Mineral Assets a fabulous 278% gain on its stock price since the start of the year: Its share price started off at 9 cents and now hover at 34 cents.
|
Stock price |
34 c |
|
52-week range |
99 – 42 c |
|
PE (ttm) |
-- |
|
Market cap |
S$183 m |
|
Shares outstanding |
538 m |
|
Dividend |
-- |
|
Year-to-date return |
278% |
|
Source: Bloomberg |
|
Singapore-listed Alliance Mineral Assets, in the course of the year, welcomed a 50% JV partner, Tawana Resources.
They are on track to deliver the project's first shipment of lithium concentrate in 1Q2018 to offtaker Burwill Holdings. (They will also have tantalum from the mine for sale, which investors are waiting details of).
Watch this on-the-ground video (1 min 33 seconds) of the state of the mine site as of around mid-Dec 2017.
(Turn on the music. If you are on a desktop, click on "YouTube" or the full screen icon for a great view. On mobile, click on the full screen icon).
For an aerial view of the mine site, see ALLIANCE MINERAL ASSETS: Awesome drone footage of lithium mine projecttock price
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