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That is, the after-tax NPV at 8% of the Amitsoq mine + the anode processing plant is calculated at 38.6x Alba's current share price, without taking any account of North Wales.
After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.
At 1.25 = £579.2m
of which Alba's 37.49%-share = £217.1m.
For a share currently valued in the market at £5.62m that provides very useful backing (a mild understatement).
“The project numbers are really, really good. The total gross revenue over the 22-year period is over $6 billion dollars, which testifies to the economic robustness of doing downstream graphite processing. On a yearly basis, the 39,700 tonnes of processed active anode material is worth about $300M, sufficient to supply a million EV cars with batteries, equivalent to the entire UK production of cars if they were all electric,” explained Stefan Bernstein, CEO at GreenRoc Mining.
Wow, good job you're making us ignoramuses aware of all the placings from the last few years.
I had no idea.
SB tweeted video:
"The result of the feasibility study is enormously positive for Greenroc".
All depends of the spending but it should last another two or three months maybe , Is it gonna be a farm out for the lithium project ?
Share Placing
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised £500,000 (before expenses) through the issue of 500 million new ordinary shares at a price of 0.1 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission").
Share Placing
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised £750,000 (before expenses) through the issue of 600 million new ordinary shares at a price of 0.125 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission").
this was double the amount of the last one 🤔
Share Placing
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised £380,000 (before expenses) through the issue of 584,615,385 new ordinary shares at a price of 0.065 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission"). CMC Markets UK Plc, trading as CMC CapX, acted as the Company's sole placing agent in respect of the Placing.
How long they can crack on with this money?
Highlights
· Pre-Tax Net Present Value at 8% discount rate (NPV8) of US$837M with Internal Rate of Return (IRR) of 33.8%.
· After-tax NPV8 of US$545M with IRR of 25.3%.
· Total gross revenue of US$6.5Bn over the 22-year period, with total gross profit totalling US$2.7Bn.
· Years of operation set at 22 to match that planned for the Amitsoq graphite mine.
· 4-year payback period on capital from start of production.
· Initial capital cost (Capex) of US$321M inclusive of a 25% contingency.
· Average operating cost (Opex) of US$2,211 per tonne of CSPG.
· Average annual processing of 80,000t of graphite concentrate at 95% graphitic carbon (C(g)) with production of 39,700t of active anode material in the form of coated spherical purified graphite (CSPG).
These figures are considerably larger than those of the PEA of 31/10/23:
Pre-tax NPV at 8%: PEA Amitsoq mine: $235m; PFS anode processing plant: $837m; total: $1,072m
After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.
Total gross revenue of US$6.5Bn over the 22-year period
ooooft
The next milestone with regard to the processing plant is identifying the site for the plant, and setting up a pilot scale processing plant to start the qualification process, which should lead to the signing of off-take agreements with the battery industry.
Highlights
· Pre-Tax Net Present Value at 8% discount rate (NPV8) of US$837M with Internal Rate of Return (IRR) of 33.8%.
· After-tax NPV8 of US$545M with IRR of 25.3%.
· Total gross revenue of US$6.5Bn over the 22-year period, with total gross profit totalling US$2.7Bn.
· Years of operation set at 22 to match that planned for the Amitsoq graphite mine.
· 4-year payback period on capital from start of production.
· Initial capital cost (Capex) of US$321M inclusive of a 25% contingency.
· Average operating cost (Opex) of US$2,211 per tonne of CSPG.
· Average annual processing of 80,000t of graphite concentrate at 95% graphitic carbon (C(g)) with production of 39,700t of active anode material in the form of coated spherical purified graphite (CSPG).
GreenRoc's CEO, Stefan Bernstein, commented:
"The Feasibility Study in respect of GreenRoc's planned downstream processing plant has delivered excellent results, with an after-tax NPV8 of more than half a billion US dollars. Having employed the industry's standard techniques and premium instrumentation where possible, we are confident of the robustness of the Feasibility Study. This view is corroborated by the inclusion of a 25% contingency which forms part of the modelled capital cost of US$321M.
"This Feasibility Study firmly places GreenRoc as one of the few contenders to supply the European EV Battery industry with domestically produced active anode material. On behalf of GreenRoc, I would like to extend our gratitude towards Innovate UK for the generous support of a £250k grant towards this Feasibility Study though its Automotive Transformation Fund.
"There are further possible improvements to the process design which we will be looking into in a second stage, commencing shortly, and we will provide updates on that in due course.
"With the already positive Preliminary Economic Assessment of the Amitsoq graphite mine and now this compelling assessment of the economics of establishing a downstream anode processing plant for our graphite, our confidence in our plans for a vertically integrated production model for Amitsoq, from mine to battery anode material production, has been greatly reinforced."
George does not put money In ,we do in many Pies he is one dreadful but Legal t...t ,no money from him as he knows us twits put the money in ,does a few interviews , gets paid from multiple pies and there you go ! No doubt you will all hate me ffs you puddings !
Decimate is only a 1 in 10 reduction, I think it came from old Roman times when they did poorly in a battle, they used to pick every 10th soldier and kill them
I would be happy with George earning 115k a week if he was making me rich . It's the fact he decimate our investments while lining his own pocket all with a smug grin on his face that p me off.
Yet the option came along and he brought it in alba…
As a matter of fact avarage pay for a project manager at Barrats Ty persimmon etc is around 78 k. Tipicaly they are responsible for an area with multiple sites building thousands of houses, with hunderetes of millions of pounds invested.
Dont just take my word for it.
On the other hand we have alba with mc of 5 .6 million and ceo being paid 115 k.
I feel George got a private company waiting ..
Elemental Rare Metals aka Stallion Resources
https://www.stallionresources.com/
https://www.stallionresources.com/corporate-presentation
To be fair if you looked at my directorships it would look a bit like that, but some of the companies I appear on the lists of have no activity in a year, just holding companies for assets.
I get the impression that Alba is stop start, bouts of intense activity followed by a lot of waiting. I suspect of the list it is probably George's main gig.
At 30 November 2022 the Company (Alba Mineral Resources) held the following interests in subsidiary undertakings, which are included in the consolidated financial statements:
Name of company Country of incorporation Holding at 30 November 2022 Nature of holding Holding at 30 November 2021 Business
Aurum Mineral Resources Ltd Ireland 100% Direct 100% Exploration
Mauritania Ventures Limited England & Wales 50% Direct 50% Non-trading
Dragonfire Mining Limited England & Wales 100% Direct 100% Exploration
Gold Mines of Wales Limited Jersey 100% Indirect 90% Holding Co.
GMOW (Holdings) Limited England & Wales 100% Indirect 90% Holding Co.
GMOW (Operations) Limited England & Wales 100% Indirect 90% Exploration
GMOW Gwynfynydd Limited England & Wales 100% Direct 100% Exploration
GreenRoc Mining plc England & Wales 54% Direct 54% Parent
Obsidian Mining Limited England & Wales 54% Indirect 54% (indirect) Exploration
White Eagle Resources Limited England & Wales 54% Indirect 54% (indirect) Exploration
White Fox Resources Limited England & Wales 54% Indirect 54% (indirect) Exploration
I dont think this is Georges only job, its just a side line
GREENROC MINING PLC (13273964)
BERWICK CAPITAL (GERMANY) LIMITED (12350950)
BRIGHT STAR RESOURCES LIMITED (12182184)
ELEMENTAL RARE METALS LTD (11136398)
GMOW (GWYNFYNYDD) LIMITED (11919287)
GMOW (HOLDINGS) LIMITED (07117144)
GMOW (OPERATIONS) LIMITED (07246717)
DRAGONFIRE MINING LIMITED (11085624)
WHITE EAGLE RESOURCES LIMITED (10762144)
WHITE FOX RESOURCES LIMITED (10818472)
HORSE HILL DEVELOPMENTS LTD (08808553)
GREENROC GRAPHITE LIMITED (08100690)
EUROPEAN LITHIUM LIMITED (FC032197)
ALBA MINERAL RESOURCES PLC (05285814)
STIRLING CORPORATE LIMITED (08706011)
BERWICK CAPITAL INVESTMENTS LIMITED (07707156)
BERWICK CAPITAL LIMITED (06896335)
AETOS CONSULTING LIMITED (06536107)
And those are just the active ones, all info from .... https://find-and-update.company-information.service.gov.uk/officers/PyLGMFsncVnQnqEAFPpnQ08n2p8/appointments