The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi vis, good advice but I kind of like historic data from wells drilled or tunnels mined to already show clear indications over multiple wells and area. One reason why I asked cornishk about how much more drilling to prove up a new site for mine ready DFS other than S Crofty.
As you know I have been looking quite a lot at brines over the last 18 months or more. Bought Standard at $1.40 and I tipped it at around $2.50 at the start of 2021. Tyson can validate that along with NEL & DCTA.
I am buying E3 all the way down at the moment as they have extremely large 60 year data sets on oil & gas wells drilled. The majority of fluid from the Le Duc aquifer came out as byproduct lithium infused brines rather than the oil & gas the majors really wanted. The whole acreage has deep drills capped so they will know all the data regarding each well and best grade from which well. Quickens things up and provides a bunch of test batches which they can fine tune the Li-lX filter tech to for lithium ion capture. As we have discussed each brine is slighty different. This is a huge sealed aquuifer so brine changes at depths rather than width in the most. At 150,000 acres its not hard to be in the central part of the aquifer, to set up the pads, holding tanks and processing units. Basically the system shown to me is modular so depending on demand, more tanks just connect up.
Infrastructure looks established. Gas power from local power station will be provided at a competitive rate along with heat exchangers from the warm brines, solar and I believe hydrogen back up.
With 8m t lithium carbonate already in the PEA it is already twice the size of Standard Lithium and in PEA size about the same if not bigger than Europes largest lithium mine in Cinovec. At less than a pound a share I see value already backed up with 60 years of extraction data. The area is brownfield in that its been drilled so much by the oil & gas industry getting permits should be straight forward and its just fields for miles and miles no major towns too close.
In Jan the step from pilot lab testing to infield pilot then demo plant by Q4 22 is not a long time to wait.
Standard Lithium went from pilot in lab $1.50 to functioning demo plant and $15.00. That is the value I see.
Both Standard Lithium and E3 have easy access to expand. Both in lithium short safe duristriction countries and near demand.
Standard Lithium have Bayer Chemicals , Koch Industrials , Stellantis and LG as supply buyers. I am comfortable with that.
E3 lost Livent who turned diwn the options, like Albamerle , not interested in brines ( VW today may have turned their heads ) so if/when E3 get a partner it should fly. Very much like a tin offtake for CUSN.
Happy with my current positions and will wait to hopefully get chance of cheaper shares in CL here as part of any finance deal. If not I have the tin and copper here based in the UK and we need it.
Also I hold SYA on ASX. They just bought a produc
I try not to get too involved in the Lithium side of things, quite simply I don't understand it.
In terms if mining costs of the material I have a fair idea, but processing and waste disposal costs I don't have a clue. One thing I do know though, is if there is anywhere in the world that knows about bulk mining and processing, its the st Austell area.
On the Lithium brine again I have absolutely no idea, other than to get 1 tonne of Lithium a lot of water is going to have to be processed.
I'm keeping an open mind on the Lithium and am intrigued to see how it develops - I think CUSN offers a lower risk lower reward way of investing in what is currently an experimental industry in Cornwall.
MajorOak and LovelyBoy Thanks. Your comments much appreciated. And many thanks for your input too. I am invested in CL as well as CUSN, so info about the world of lithium is valued highly.
MO, I know you are keen to have exposure to lithium producers. If you haven't already invested in CL, why not drop them a line asking to be put in touch with any shareholders or executors for estates that wish to sell before there is a market. You might be lucky. The two recent issues were first through Crowdcube at 16p (EIS compatable) and secondly to TechMet at 13.5p (not EIS)
At around 7 minutes 30, its clear that the plan is now crofty first with united downs as an add on.
Just listened again and it sounds to me they could well already be in talks by some of his answers.
https://m.youtube.com/watch?v=UC5k_CLbxpM&feature=youtu.be
Anyone else pick up on this or just me reading to much into it?
VW move to first lithium brine take off above Czech Cinovec from the German based company.
Stellantis ( Citroen / Renault brands ) MoU with Vulcan Resources & US based Standard Lithium who are 70% in project with Laxness - BAYER CHEMICALS GERMANY so I do not think it is a stretch to see VW, RAM, DODGE, CHRYSLAR buying in formally to Standard Lithium.
Why mention all this ? There is speculation abound on CL & CUSN and who is in the back ground in Canada. Hmmmm. Stellantis are involved in the most forward lithium brines in the EU and USA.
Stellantis have 2 factories in US & CANADA !!!
Stellantis did a supply deal with non other than LG ENERGY USA.
Hmmm .... Who cares about lithium brine anyway ?
VW LG ENERGY TESLA FORD etc etc... Do your own research to verify this 6 month progression. Its moving very very fast.
My value is CL, Standard Lithium after shorter closes position like here the sp is now bouncing from a trouncing and my favourite extreme value play in lithium brines E3 Metals Alberta who have the Canadian Gov announcing a lithium hub in Alberta State using E3 8mt of PEA Lithium over 150,000 acres and 2 aquifers both with high levels of pre oil well drilled land so no wells to dig !!! Plug and play on CAPEX and its modular so they can scale up unlike rock with very little extra capex winner winner.
Tin for CUSN is the real deal here and will be the bulk of the profits. CL will be blooming MASSIVE , imho 2-3 times the market cap once brine production of 4-6mt is started on. May even go towards 6-8mt but will need another aquifer or possibly 2 to get thr year supply up to MAJOR VW levels of supply