Savannah Resources PLC (LON:SAV) is the topic of discussion this week for Mining Capital's Alastair Ford at a time when the lithium market is doing very well, 'with the price coming back strongly'.
The company's flagship project is the Mina do Barroso 'well advanced' lithium project in Portugal which is a long way down the track towards a development decision.
After a scoping study in 2018, revealing the economic potential of the site, the outcome revealed that for a capital expenditure of just US$109mln, Savannah could build a mine likely to deliver an internal rate of return of over 46% and with a net present value of over US$240mln.