Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Play the long game people, if the PFS was too bullish the inevitable deal with the regime would be a lot worse..
Quite right - the PFS was written by a manic depressive for some reason. This is annoying because we have still not recovered from the drop in perceived value, coupled with the political wrangling we are now very cheap given the partnership agreement -- very frustrating.
The PFS was done on 10% of resource market did not get it.Thats why it dropped 27% on open. The reason for the way it was done was lost in the noise of boots exiting. But the resource is massive and the market treated EMH as if it had bottomless pockets???
fp the pfs was never a : PFS was a balls up : the fumbknuckles just did not take time to understand it , the current DFS is no different , just some higher numbers , and a greater need for Li . This time round expect we PFS at 50,000 tonnes or more , VW will need it .
Yep I have seen it discussed on the bb but wondered about the mechanics of such a deal EMH got to protect its self from being locked in at low price obviously this is normal for mining just curious. As for quality I am a believer I originally bought in at 11p the PFS was a balls up but have stuck with it as I can still see the potential here. I sold at 68 then bought back in at 56 I think so underwater at moment need to get to 34 for breakeven so I am sticking with this as it looks like it could be life changing even with 50k shares
Aussie mining companies will never do fix price fp , and am certain KC wont either . Just not kosha . By the time we sell I think Hydroxide will be closer to $20 k a tonne ( Joe Lowrie thinks $17 k p/t ) , don't forget we have one of the highest qualities of hydroxide and this will attract a premium .
Everyone gives $14000 as market price but what price for long term agreement is it a fixed formula like market - x% or fixed price???
And one thing for sure Phil , I do not think the project will need a BFS ( bankable feasibility study ) B4 we get project finance , these are normally required when projects are thin of profit , EMH oozes plenty of profit and margin , anyone with an envelope can do the sums on the back of it and work that out . Cost of production $4,000 sell $14,000 , just a no brainer .
https://uk.reuters.com/article/uk-cez-european-metals/europes-largest-lithium-project-could-be-up-and-running-mid-2022-emh-idUKKCN1UH0VL
Reading between the lines we should be expecting a DFS (not PFS) by the end of the year. So at the boarding gate and last call for flight on the tannoy.
More like we are at the boarding gate, and the departures board is lit up "go to gate 1" for all to see.
Nice. We're on the runway.
Europe's largest lithium project could be up and running mid-2022 -EMH
Thomson Reuters Mon 22nd July, 2019 10:16am
* Situated close to car industry, battery producers
* Czech government offers conditional support
LONDON, July 22 (Reuters) - European Metals Holdings
EMHE.L could begin operations at its Cinovec lithium project
in the Czech Republic by mid-2022, and is holding preliminary
discussions with potential customers, it said on Monday.
Czech utility CEZ CEZP.PR , in which the state holds a 70%
share, last week said it had conditionally agreed to provide 2
million euros ($2.2 million) through a convertible loan to EMH
which paves the way for it to become one of EMH's largest
shareholders. urn:newsml:reuters.com:*:nL8N24H1G4
European Metals, listed in London and Australia, controls
the exploration licences to the Cinovec lithium/tin project in
the Czech Republic, which it describes as Europe's largest
lithium deposit.
It could help CEZ shift to renewable energy and supply
Europe's electric car industry.
"It's very big, it's low-cost, it's surrounded by carmakers
and battery makers and it's in the EU, where there is a very
strong political push to develop the battery industry," Keith
Coughlan, managing director at European Metals, said in an
interview.
The company's shares have risen nearly 50% this year.
Coughlan said the site also offers tin but at current tin
prices, it's not economic, just a useful byproduct.
The CEZ loan is only a small part of the total capital
expenditure of $480 million, but Coughlan said it was a
commitment that inspired confidence while CEZ carries out due
diligence on the project.
CEZ can convert the principal to shares at any point before
the loan's expiry at the end of the year. Czech Prime Minister
Andrej Babis has supported the deal if analysis shows mining the
project would be promising.
European Metals is working on a definitive feasibility study
and says it could begin project construction, which is expected
to take two years, in mid-2020.
The CEZ loan would make it easier to talk to other
financiers, Coughlan said, adding he had held preliminary
discussions with buyers, including carmakers and battery
producers. All are European, although some are units of
companies with headquarters beyond Europe, he said.
The European Union, keen to shorten its supply chains, is
focusing on strategic minerals and developing supplies for its
electric vehicle industry. urn:newsml:reuters.com:*:nL2N23K0PH
($1 = 0.8917 euros)
(Reporting by Barbara Lewis in London; additional reporting by
Jason Hovet in Prague; editing by Jason Neely)
((Barbara.hm.Lewis@thomsonreuters.com; +44 207 542 2932;
Reuters Messaging:
barbara.hm.lewis.thomsonreuters.com@reuters.net))