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How perceptive, no I’m not a billionaire.I have though made enough to do what I want when I want.
MD
I bet you ain’t a billionaire MD, because you’re clearly not business driven ??
Do you think billionaires become billionaires because they sit around waiting for prices to rise? ??! Oil made more billionaires when it was the cheapest by the barrel than it ever did when it was the most expensive.
The indicators we should all be looking out for is what big business is doing.....
And as clearly stated, big business is increasing its production and decreasing its cost.... It really is all you need to know! If you don’t find that relevant then you keep doing your ‘deep’ research into other companies!
You must have way too much time on your hands, but you see, I have a business, a job, and I farm so not as lucky as you, but at least I know how the world works...
Time will tell no doubt!
Have a good day!
While people are busy watching the price of Nickel as an indicator for demand, they’re missing the obvious! What are the big players doing?
Well I can tell you, the big boys are investing into nickel to bring down its cost! That should be enough of an indicator, that should tell you even they’re expecting the demand to rise massively!
The article which I shared on here, that no doubt no one actually read, under the heading ‘only class one will do’ will tell you all you need to know!
NN customer base has expanded! It’s increased it’s processing potential.... It now has to find the supply!
Blue
Really
MD
I haven’t done any deep research into NN, it’s just what I have seen in the news......
They are a fully operational mining company that’s been going years.... They never panicked over their mine flooding... Seeing as they’ve been in business for years, I highly doubt at this point they are scraping around for buyers of their nickel. Then on top of that, just signed another large agreement to supply whole of Europe with nickel for EV batteries, and increased their output at one of their major plants in Finland... Suggests more than 2 mines... Or a load of off-takes.....
The question is, will they be able to sustain that new contract with JM, which stipulates, in time, they will likely need more of the stuff and only class 1, environmentally friendly sources will do......
The article also stipulated they NN & JM will be looking into investing into new mines......... We are sat on Class 1, not far from NN operations!
Rear hand? Should have been research
MD
Thanks for the deep rear hand there Blue
MD
NN just shut 2 mines due to flooding, so must operate more than 2 mines, or, they have off-take agreements with other miners.
As for pollution, I think all mines are a bit ‘dirty’. NNs operation would have been massive! But obviously now we are in ‘save the planet mode’ operations will be forced to change.
NN has a battery deal to supply Europe with EV batteries with JM, and they’re looking to increase operational output, of class 1 nickel....
Amur might not be massive, but it has the bonus of being class 1, aka cheaper and better for EV batteries!
I believe NN is our off-taker, personally!
Robins,
The Norlisk Capital Markets Day presentation in December 2020 set out NN's strategic ambitions for 2030 + metal production.
Nickel - Increase from 210 Kt in 2017 to 250 - 270 kt. Increase of 20 - 30%.
Copper - Increase from 398kt in 2017 to 490 - 530 kt in 2030.
Platinum and Palladium - Increase from 105t in 2017 to 150 - 160. Increase of 40 - 50%.
All of the above targets had increased from the targets set by the NN in 2019.
In terms of Revenues NN made most of it money from Nickel. More recently the split has moved towards Palladium (Palladium 48% / Nickel at 20%) presumably due to the respective prices. Probably explains the future focus on Palladium.
At the time of the presentation NN stated that the then Nickel price was not supported by the fundamentals. From memory the Nickel Price was heading towards $9 lb. NN were predicting a Nickel surplus both in 2020 and 2021. NN are due to have a Capex spend of $3 - $4 b pa up to 2025.
The other interesting point is that NN reported that Interest rates had improved in 2020 and that they had a record low coupon rate. Possibly this is where a larger entity could gain some leverage and make the project work.
It must be a very very long boil wash
MD
Thanks Tricky. Guess we will all have to wait to find out why BOD are being so quiet. All will come out in the wash as they say.
robins
That idea has been floated before but it seems Norilsk look for projects with over 1% nickel grades and 1m+ tonnes of nickel (or something like that). We don't quite qualify although how fixed these conditions are is debateable.
Norilsk might compromise on that.
TDT
That begs the question would there not be an advantage in Norilsk buying our mine and developing it using latest less polluting practices thereby earning some brownie points on the world stage?
robins
It's no secret that Norilsk has a disastrous track record on environmental issues. The areas around some of their processing plants are some of the most polluted you'll find anywhere on the planet. They are slowly cleaning up their act but they still have a long way to go, as some recent disasters attest.
TDT
Wasn't there a programme on tv this week showing the effects of the awful pollution in the Norilsk region?
Thanks TD.
8adger
I think Norilsk's nickel comes predominantly from two different operations one on the Kola Peninsula the other at the aptly named Norilsk. This will give you a better picture.
https://www.mining-technology.com/projects/norilsk/
TDT
Thanks again Steve. I didn't expect us to be anywhere near their size. It's more to get a picture if we are worth the effort to them. We should also remember. We gave up ground near KM so this would potentially expand our resource.
Would this figure be classed as Class 1 Nickel
>Yes, this is my understanding. Though TDT better understands the nuances of this.
How many different mine sites would this have come from
>Absolutely no idea. I'm not even sure they would make that public.
To do a proper comparison 8adger, you may want to see what else you can dig up on Norilsk. What are their reserves? What is their average grade?
I did some time ago and found that Norilsk dwarfs any other operation - certainly Kun Manie.
Thanks Steve. Would this figure be classed as Class 1 Nickel? I'm just trying to make some comparisson of what we have compared to what Norilsk produce annually.
Finally. Norilsk produced 166,265 tonnes of class 1 nickel. How many different mine sites would this have come from?
8adger
best to refer to this:
https://amurminerals.com/content/wp-content/uploads/20201125-TEO-Update.pdf
specifically page 4, and then the cutoff grade of .4 which is what we are looking at at the moment.
150m yes. The grade is .81%
150m * .0081 = 1,215,000.00
Thanks Joe. I should have known it wasn't that simple. So do we have 1% of 150m tonnes?
"If for arguments sake we 150m tonnes of the stuff we aren't that small fry then?"
If we had that, we'd all be super rich now. Check your figures.
Thanks TD.
If for arguments sake we 150m tonnes of the stuff we aren't that small fry then? I appreciate the grades are around 1%. But it's still a lot of Nickel. Excuse my ignoarance. Does Sulphide. What we have make it class 1 Nickel?
8adger
I don't know how much ore they dig up each year but last year Norilsk produced 166,265 tonnes of class 1 nickel.
TDT