Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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.
Nickel matte is a far more polluting method of production than HPAL.
Apologies for my earlier comment. It was meant as a reply to AimtoDeath's rant. Thanks to Webba1 for providing the lifecycle of a mine chart and others for their useful comments. We don't all know about mining...
Excellent update from JM yesterday, he ticked all the boxes and answered many questions frankly. It was better than I had expected but matched what I hoped for. Ideal confidence builder.
I also think it’s good that we are no longer a hyped share, being so far along the development curve this should provide for more stability as we progress the value add story. We should see value add on news, not pump and dump on news.
Wasa, I remember reading somewhere that Vale drilled and assessed over 2200 holes with 150,000m total depth as part of that, I suspect the vast majority of cost was spent on that.
Vale did a full construction ready FS, I would hope it wouldn’t need reinventing just updating and strategy finalised.
Hi PP I'll have to listen back to the presentation but I'm fairly sure it will complete in the timescales of Araguaia build, and not in 2021. We could clarify with the co. I also think the timescales (1.5-2yrs) make more sense in the context of a much more complex mine build and a bigger project than Araguaia - as such I would also expect the FS to be a bigger project which potentially costs more (to do properly)? Vale spent $300m on just the drilling/pre feasbility!
the_watcher I think someone (was it BwanaM) clarified with the co that the brazilian bank debt would be part of the syndicate, so not additional capital. Sometimes the language in the RNS' has been a bit loose and so it gets interpreted both ways.
Thanks Pickedpeck.
Although I’m frustrated by the timelines stretching and have vented that at times, in the end it’s now a few months before we start to see the real story unfold. Sort the Finance and the news flow onwards is pure value add. (As far as I see it anyway).
Good luck all holders
The mix of ores between limonitic and saprolitic types at Vermelho means there is more ore viable for HPAL than RKEF, however it could go either way. One interesting option would be to build a HPAL process at Vermelho and to also truck suitable ore to Araguaia. I think after the presentation today all options are being considered for our nickel District.
Check section 25.8.2 of the Vermelho PFS on the Horizonte website for an explanation and a graphic that helps the penny drop. Section 7.6 of the same document describes the difference in the minerals.
Apologies if I’ve got the technicals wrong, but if Nickel Matte is a viable option for the battery market why do we need to go HPAL on Vermelho?
Any views as to the SP for the Equity raise?
Shame we won’t have any value add from Vermelho in place prior to the Equity raise might have got the SP up a bit more.
Interesting to note the ordinary investor might get an allocation in the Equity raise. Wonder howmuch and what price.
Wasa - I was pretty sure he said at some point in the webcast that the FS would be done this year?
pp - I think the FS for Vermelho will be completed over the timeframe that Araguaia gets built - i.e. 2 years. I suspect it will be a big study, probably HPAL. 'Fast track' in JM speak is 2 years to FS. We could clarify this with the co but this is what I understand. Then Vermelho will need to get built but it won't be us building it, as he has pointed out, more complex technical project and bigger capex requirement. But the value will be there at FS stage to have a shovel ready project delivering $7.5bn FCF - what price will a major pay to get onboard then?
So steady rise till 2023 then a nice rerate when JV or total co sale is announced?
So, was this whole webcast (with no "new" news) a ploy to try to support the sp against what JM sees as mounting interest that he fears may go "hostile", or am I reading to much (hopefulness!) into it?
The Lassonde curve like all tools needs someone who is not a tool to use it.
We have two Lassonde curves for HZM superimposed on each other, one for Araguaia, one for Vermelho.
Araguaia has passed the minimum point and we should see a continued progression as it gets closer to production. Vermelho is earlier in the cycle, and to some extent even though it is a huge asset uncertainty around the strategy for it is creating some drag where it should be making lift. Completing a revised FS should flip that.
Like Wasarunner I see this as a huge long term value. However I also see decent gains over the next six months as we get finance complete, construction started, off takes publicised and a Vermelho FS completed in 21. Its not beyond the bounds of possibility to double your money each year for the next four years here.
As I replied above:
Difference between this an other interviews, Vermelho really brought to the fore rather than some distant asset.
Starting to mkt. the co. as a whole, the commodity/nickel backdrop has truly changed the Cos. direction and JM's focus.
Important to have a competent and committed man in charge.
Came across as both.
Not sure one of the two mines may make it all the way under us though....? But as above. Cant see him selling us short if not.
The package finance detail would have been good. But no RNS, so nothing more possible. But H1 remains the target is good enough for me till June 30th.
If I didn't believe him I would say. But I do. So my 10 Mill plus shares stay in my sticky paw for now.
He's clearly got shed load to do. I can do no more in return.
Cheers.
Do not forget as Araguaia approaches production , vermelho will also have added value
All will boost market cap valuations
@Like2: My pin (for what it's worth): Definitely seem to be past the minimum point in the development phase on that graph. Not sure how far up the slope we are though, and how much is left to go!
Great minds think alike Webba!
What rock did you crawl out from? - spending for some time....... They are building a foooking mine!..... Dilution?.... Money to build a mine grows on trees, perhaps we should tell them about it.....
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
Stick the pin in where you think HZM has reached, can see where it’s going.
life cyce of a mining company - very interesting graphic- not everyone waits till first mineral is extracted...https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
I see this 30p+ before production starts
Is there likely to be much increase in value here pre-production. I see a lot of dilution and spending for some time.