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.
UKI - AMC? Have a look at the director deals on APF, I doubt you'll easily find a share with more director buys this year :)
thanks PP, I don't have that yet but do have Shanta
re AMC - interesting except they diluted themselves quite heavily with no director invovlement, which doesn't indicate much confidence?
thing is Musk has just said they are creating new battery tech, we all know that takes time and not guaranteed, he also made it clear whilst the battery tech might be viable, they have to make machines that make the battery contents and batteries themselves.
There is loads of this going on but companies are not delulging it
By the way, the stainless market has grown about 5% compound since the 1950s, but the nickel consumption by the stainless steel industry has grown faster as the concentration of nickel in the alloy has increased significantly too.
For ****s and giggles of a nerdy type have a look at maraging steel. Its nearly 20% nickel and has some interesting uses...
UKInvestor - stick it in APF and stop having to watch daily for a while. Its less exciting but a steadier income. You'll get slower capital growth and a dividend quarterly of 7% ish on an annualised basis.
Thanks Pickedpeck.
Nickel exists as ore, you have to mine it and process it into metal. The two routes (mines) of interest to HZM are RKEF and HPAL ore processes.
RKEF (Araguaia) produces Ferro Nickel which will still go towards the stainless steel market simply because it is easier to do so. Stainless steel is an Iron-Chromium-Nickel alloy, depending on the target use other elements like Molybdenum or Aluminium are added. It is possible to extract the Iron from Ferro Nickel to get the nickel, but it takes considerably more energy than getting metal from sulphates. Its a lot easier to use it as feed for the stainless steel process.
HPAL uses sulphuric acid as part of the process to extract Nickel from the ore. It produces an intermediary product which can be used to create pure nickel.
I don't believe Tesla have created a process to go from ore to metal skipping the beneficiation and purifying steps.
https://en.wikipedia.org/wiki/Lateritic_nickel_ore_deposits
Tesla want to be able to have purer single crystal nickel cathodes, you need nickel metal for that and almost certainly that will have been transitioned from sulphates, either mined as sulphate or derived from the HPAL process.
To be clear the tabless batteries will still have substrate and anodes, dropping cobalt doesn't mean manganese will also be dropped.
You don't know ppls circumstances, I don't use stop losses but was close to selling, have a very ill family member and dealing with a load of plummeting mining shares (though I am well up overall) is not really tolerable whilst spending most of each day in hospital.
Extreme (though genuine) example
Still getting NT to buy even peanuts.
Good to see it's back up to 7p
Mondays drop was just plain ridiculous.
Feel bad for whoever's stop losses were taken out. . . Not
They specifically mentioned that the sulphate step was deleted and the nickel was polymer coated and straight into cathode formation.
I am sure there is a price they should just offer it and see. You need to do fill or fill or OTC. There is stock at 7p for OTC as MMs are still sat on 7p they have to offer it.
Been that in a few places this morning, I struggled to buy any in Thor earlier
Not exactly making a market! Can't buy a penny
NT to buy
I’m speculating here, so apologies for that. If we assume Elon is producing a battery that requires essentially Nickel as the cathode and no longer needs to be combined with say cobalt or manganese, may be the sulphate solution is no longer a necessity to help in the battery compound as it’s essentially a single metal.
Interested to hear what others think.
Don’t forget Vermelho can do stainless.
When I first bought HZM we had one stainless mine, it was the looming E V demand for nickel that made it more desirable.
Onca Puma sold for circa $750 million when the E V was not in the equation, we have three such equivalent mines and at low cost production.
Sorry I was referring to Vermlho.
I expect removing the Sulfate Process from the mine will have an impact to the project economics for Vermelho, I'd expect a reduction in the Capex and the timeline to produce the mine if we can simplify the process.
What I am trying to understand is the potential significance, I don't know if the sulfate process is say 10% of the mine cost or significantly higher. Looking at the processing kit involved, I'd expect this to be higher and will reduce our cost and time to build the mine.
Hoping we have an update on Vermelho soon, should be some huge upside coming here
Mazza86, Araguaia is not for EV batteries, mostly for stainless steel. This is where the current value of HZM is.
Vermelho aimed at EV market.
Yep that’s the question Crux needs to ask.
One of the key topics is that Tesla want to simplify how they process the raw materials by removing the metal sulfate production step and starting with the metal itself.
My takeaway from that is Tesla just want the metal from the miners, not the metal sulfate.
I am not clued up on the sulfate process but by taking out this step, will this not have significant implications in our mine plan and Capex requirements? Appreciate anyone's thoughts who has some knowledge in this area