Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Sportbilly/guys great posts thank you, i missed the mine access info im ashamed to say, thought I knew everything there was to know about Emmerson... this just adds to my conviction to hold long term
It also gets forgotten that SXX is based in a designated area of natural beauty and therefore protected. The same planning and transport difficulties aren’t issues with Khemmiset.
Indeed AJ27. The absolutely massive difference in cost between building a shaft and a decline just shows how viable our project is.
Thanks Westie, the fact no shafts are needed to get to the product is huge, typical shaft to 1000m+ costs over $1bn alone, along with a lot of risk with aquifers etc. The Emmerson project has none of that risk and can access the product with a couple of declines costing circa $35m. As a result I expect the work that’s ongoing now will result in a derisked, phased ramp up in production with a lower initial capex and funding requirement, which is why an experienced chap like Graham who has been there, done it and bought the t shirt in a number of potash mines is so important to unlocking value.
All good posts AJ27. SXX and EML are poles apart and really can't be compared. I agree we have tempted the man who has a lifetime of experience in potash to join us. Quite a coup.
The latest company presentation is excellent by the way:
www.emmersonplc.com/investors/corporate-documents/
The Sirius mine will cost circa $5bn to build, the Emmerson mine will cost circa $387m to build, there’s the difference, it’s a hell of a lot easier raising a few hundred million dollars than billions particularly when the mined product is established MOP rather than Poly, hence why funding risk is not the issue it was at Sirius in my view.
Grahams whole career has been in the fertiliser industry and his real, practical experience is key to getting the Emmerson mine built. What he achieved at Sirius was pretty remarkable, his technical input was key to that project. He wasn’t CEO or FD, so wasn’t responsible for the finance structure. The fact the mine is being built today and creating hundreds of jobs in North Yorkshire is credit to Graham.
Ok both companies are involved in fertiliser but trying to link Sirius and Emmerson and implying they are similar shows a huge lack of understanding of the Emmerson project.
Yes I meant he is now Emmerson CEO, but he was previously working at Sirius.
He was never the CEO of SXX. Before he joined Sirius he was the CEO of Boulby.
So just checking here, we now have a CEO from Sirius Minerals and the broker/analyst from Sirius Minerals?
[Puts down whiskey glass with glazed look in eyes hinting at a torrid history best forgotten ]
"Yeun Low huh?, There's a name I thought I'd never hear again".
Research note going on their website today
https://twitter.com/HaydenLocke5/status/1317054383981535232
"Comprehensive research by Yuen Low of ShoreCap. Has #EML’s Khemisset Project as THE standout project among all Potash projects (SOP incl) and he provides a rigorous analytical basis for this claim. While SOP is getting the attention, a world class project flies below the radar...
"Yuen believes #eml should be trading 3-6x higher today, based on how our peers are trading... One of the reasons investors like Yuen’s research is he is ultra conservative in his analytical approach and assumptions...
"Notwithstanding this conservative approach, he still has #EML with an NAV/share of 13.9p.... which Yuen further takes a haircut to to get to his price target. If a few things go our way to offset some of that conservatism? The price target very quickly rises to 26.7p!!!