The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Electric Car details
Read this article first for an overview!
https://www.woodmac.com/news/opinion/electric-vehicle-growth-set-to-accelerate-through-the-2020s/?utm_source=newsletter&utm_medium=email&utm_content=ed201957iss59&utm_campaign=inside-track
Battery details for Lithium / using Magnesium as a Cobalt alternative!
https://catalysts.basf.com/products-and-industries/battery-materials/cathode-active-materials/ncm
Not long now!!
PC
If anyone finds any info re increase Mn use, by the battery market etc, can you share here, we can do the PR for our company!
Hoping we end up clearing more than 50c per dmtu margin assuming prices increase further, lots of talk about MN usage growth out there.
Atb
SBK - I had calculated similar numbers based on the respective production levels - 1.5p rising to around 4.5p (with upside and not considering any uplift from diversification into Magnesium Sulphate)
It’s reassuring to see others independently reaching similar calcs, I worry I can tend to be a little rose tinted!
Fingers crossed, between this and CAI, the early retirement plans re-emerge from the dead.
Check out Bryah resources on Twitter highlighting the positive outlook for manganese.
https://www.forbes.com/sites/annapowers/2020/01/31/your-next-battery-could-be-made-from-salt-scientists-make-greener-advances/amp/?__twitter_impression=true
SBK, Thanks for finding that.
They only have a £7.6m Mcap but doesn’t sound like they’ve done a bulk sample or pfs, or are anywhere near as far forward as we are..
https://www.proactiveinvestors.co.uk/companies/news/911207/element-25-confident-pfs-will-confirm-commercial-potential-of-butcherbird-911207.html
From looking into Australian manganese producers, micro cap like us such as Element 25, funnily enough in the Pilbra... the development case is put forward as thus
“ Offtake discussions are well advanced with several potential Japanese, Korean, US and European consumers of electrolytic manganese metal (EMM).
In discussions to date, the company has received strong indications that demand for non-Chinese production of high purity manganese products is robust which bodes well for the company’s efforts to lock in bankable offtake arrangements with credible counterparties to underpin project financing discussions.
The company views these productive offtake meetings as highlighting the appetite for long-term stable supply in well-regulated jurisdiction, the demand for supply chain transparency, environmentally sustainable production methods and carbon intensity reduction”
These discussions are ongoing with the aim of entering into bankable offtake agreements with strategic end users.
SBK, Could you find a comparable manganese-mining peer?
Yeah that would be a right ****ter. However I got the impression the end user was from Europe... fingers crossed anyway :0
What if the off taker is a Chinese company!
I’m only saying!
Playing “Devil’s Advocate”
https://knowledgetime.net/1720-plague-1820-cholera-outbreak-1920-bubonic-plague-2020-chinese-coronavirus/
You can never know...........what’s exactly going on in the big wide world!
But love your workings......SKB!!!!
PC
Just been reading more about how companies are valued using EBIDTA... woah.. it’s not uncommon for the companies value to be 20 x the profit of the business, from early discussions with Russell at an investor event, 2m profit was mentioned, at the lower end of production levels 6500 tpm... that gives us a valuation of 40m.. 0.016p per share.. HOLY SH*T!!!! That would make my... LIFE!! If we then ramp up to 20,000 tmp by year end.. that’s 0.048p per share!!!!! Probably getting a bit ahead of myself.. but surely there will be investors waiting in the wings just standing by until the permit is signed sealed and delivered who will then start piling in instigating the long awaited re rate? If they don’t go crazy when it does land.. why not??!