Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Going back to my post this morning, let's not forget the really smart way JM has attracted interest from all manner of institutions and as many have said, signing the Royalty Agreement with Orion. A real blinder. And IMO, is a taste of what else is to come. Patience and as some say, sit on your hands - unless of course, you can buy. Enjoy your w/e.
$40,000/tonne for nickel!
https://www.dropbox.com/s/1xkex9cndba9rzo/nickel%201996%20to%202021.png?dl=0
It happened once and then only for 6 months. I think I'be be happy to see nickel up above and staying above $20,000/tonne. Anything significantly over and above that would be a bonus IMO.
TDT
My PF has taken a fair old hit the last couple of days. Glad it's back on the mend. Looking forward to my own higher highs and higher lows.
$40k/t at 14.5kt/yr produces $475m gross profit after C1. Even after tax we would pay the loan back in 1yr at those numbers.
I'd love to pay down my loan after 1 year on a 28 year mine life! 27 years of gross profits ahead.....
factor in a bit of currency devaluation also (got to be coming) - admittedly doesn't raise the net worth of what we mine in real terms, but it sure as hell will deflate that $325m debt pile. Small beer compared to the $27tn number that they have to deflate...... around 83000 Araguaia's!
Plenty of people getting in cheap here today. Got to be a good ride from here with the news we are waiting on.
Commodities tanked this morning but all bounced back this afternoon. Wished I had more funds. G L A
Guess smiley faces don’t work on LSE
Pickedpeck,
“... HZM need to adjust their NPV calculator to allow for crazy metal prices...”
Love the positivity ??
The car market alone is going to need 2m tons plus if nickel annually inside this decade. The supply crunch is happening in real time now, and will only accelerate. Copper and Nickel are the key strategic materials of the decade, both are going to see huge demand. Rare earths for magnets and Lithium for batteries will also be in urgent need. The US under Biden is going to invest massively in a green (blue) revolution, the rest of the world will follow suit.
The content that is about now all screams out Nickel crunch to the point where it is easy to see Nickel hitting $40k plus per ton. Sounds mad, but it's coming at some point in the next 2-5 years.
HZM need to adjust their NPV calculator to allow for crazy metal prices.
Tesla’s models use on average around 45 kilograms of nickel (NCA and NCM811). The numbers are based on the assumption that roughly 20% of Tesla newly sold cars would be equipped with LFP batteries through 2030.
And if, as expected, Tesla moves to NCMA chemistries in China, nickel use would go up slightly and cobalt would go down marginally.
When Tesla makes 20 million cars in a year it will need more than 30% of global mined nickel production in 2019 (2020 saw a 20%-plus reduction in output) for its batteries.
Put another way, Tesla will have to buy the entire output of the top 6 producers – Norilsk, Vale, Jinchuan, Sumitomo, Glencore, BHP, and then some.
Tesla’s models use on average around 45 kilograms of nickel (NCA and NCM811). The numbers are based on the assumption that roughly 20% of Tesla newly sold cars would be equipped with LFP batteries through 2030.
And if, as expected, Tesla moves to NCMA chemistries in China, nickel use would go up slightly and cobalt would go down marginally.
When Tesla makes 20 million cars in a year it will need more than 30% of global mined nickel production in 2019 (2020 saw a 20%-plus reduction in output) for its batteries.
Put another way, Tesla will have to buy the entire output of the top 6 producers – Norilsk, Vale, Jinchuan, Sumitomo, Glencore, BHP, and then some.
I am so tempted to top up in HZM but I need to close out other positions first. No cross ramping but my 3 shares for 2021 as per the last post are HZM, ARC and SAR. GLA.
murmurings there might be a market correction about to happen? I'm generally not following markets at the moment. If it happens so be it, with a share like Horizonte you have to invest in the cycle, and financing should give enough of a rerate to weather a wider market storm. Also, I can't see it materially affecting the financing (chance equity will be done cheaper I suppose) as hopefully the debt and the offtake are thereabouts already.
It is the one thing about investing in the markets nothing is quite a given! Sometimes the boring days are the best days....
Well, as much as I have great conviction with this share having like many here suffered the falls below sub 1.5p almost a year ago. (Wish I had bought more then, but then don’t we all). I will be holding what I have, as no meaningful spare cash to invest in the my 3 key shares for 2021 (HZM, ARB, DVRG). Wish good fortune to those that can top up though.
Back to sitting on hands.
Good luck all holders
Yep......ARS and EUA shenanigans may unsettle the more 'cautious'....
I believe that the SP is suffering due to general mining drop and the affect of EUA and MM manipulation. Also stop losses being triggered.
This will bounce strongly over the next few trading sessions.
No matter how many times the SP slips, it does not change the facts. 1) The assets in the ground. 2) The professionalism, and integrity of this BoD. With a former career as an investigator, I had dealings with countless police officers but alas, there were only two that I would have trusted with my life - literally! I trust this BoD implicitly with every penny I have been able to invest. Eventually, the funding for A1 will be signed, sealed, and delivered. Whether this will also provide for A2 and/or V remains to be seen. IMO, we will then be in a multi-bagging run, and perhaps better than anything else seen on AIM. GLA