Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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RNS on latest financials looks promising. No impairments. Market cap is only £5.5m, but balance sheet value is circa £10m.
The outlook for our Welsh gold projects is strong, not least as we now find ourselves within touching distance of possible first gold production from the bulk sampling of both the Waste Tip and the Llechfraith Target.
With that in mind, in the next period we intend to further our partnership, marketing and offtake discussions in relation to future gold produced at Clogau and at the same time to continue our development work to establish a fully traceable "mine-to-market" supply chain. This will underpin our ability to command a premium price for our gold production.
The coming six months also promises to be very productive at GreenRoc. The publication of the much-anticipated PFS for the establishment of an anode processing plant using Amitsoq graphite as the feedstock promises to add significant value to a world-class project which already benefits from a strong economic assessment of the upstream operations.
At the same time as developing our existing assets and supporting our investee companies, we remain focused on securing one or more additional complementary assets for Alba which will help drive serious value and growth for shareholders into the future. Our first foray into a new project was announced in April 2024, with the option we have taken over the Andover West Lithium Project in Western Australia. As we are already heavily invested in the battery materials sector with our major stake in the Amitsoq Graphite Project, we see exposure to lithium, one of the other critical raw materials in an Electric Vehicle battery, as highly complementary to our existing portfolio.
Finally, I would like to take this opportunity to thank the Board and our management & technical team for their continued hard work and dedication over the course of the year and to thank our shareholders for their ongoing support. I look forward to all of us at Alba continuing our work in the year ahead to deliver on our overriding objective of generating significant value for our shareholders.
That is, the after-tax NPV at 8% of the Amitsoq mine + the anode processing plant is calculated at 38.6x Alba's current share price, without taking any account of North Wales.
After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.
At 1.25 = £579.2m
of which Alba's 37.49%-share = £217.1m.
For a share currently valued in the market at £5.62m that provides very useful backing (a mild understatement).
“The project numbers are really, really good. The total gross revenue over the 22-year period is over $6 billion dollars, which testifies to the economic robustness of doing downstream graphite processing. On a yearly basis, the 39,700 tonnes of processed active anode material is worth about $300M, sufficient to supply a million EV cars with batteries, equivalent to the entire UK production of cars if they were all electric,” explained Stefan Bernstein, CEO at GreenRoc Mining.
Wow, good job you're making us ignoramuses aware of all the placings from the last few years.
I had no idea.
SB tweeted video:
"The result of the feasibility study is enormously positive for Greenroc".
All depends of the spending but it should last another two or three months maybe , Is it gonna be a farm out for the lithium project ?
Share Placing
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised £500,000 (before expenses) through the issue of 500 million new ordinary shares at a price of 0.1 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission").
Share Placing
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised £750,000 (before expenses) through the issue of 600 million new ordinary shares at a price of 0.125 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission").
this was double the amount of the last one 🤔
Share Placing
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce that it has raised £380,000 (before expenses) through the issue of 584,615,385 new ordinary shares at a price of 0.065 pence per ordinary share (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM ("Admission"). CMC Markets UK Plc, trading as CMC CapX, acted as the Company's sole placing agent in respect of the Placing.
How long they can crack on with this money?
Highlights
· Pre-Tax Net Present Value at 8% discount rate (NPV8) of US$837M with Internal Rate of Return (IRR) of 33.8%.
· After-tax NPV8 of US$545M with IRR of 25.3%.
· Total gross revenue of US$6.5Bn over the 22-year period, with total gross profit totalling US$2.7Bn.
· Years of operation set at 22 to match that planned for the Amitsoq graphite mine.
· 4-year payback period on capital from start of production.
· Initial capital cost (Capex) of US$321M inclusive of a 25% contingency.
· Average operating cost (Opex) of US$2,211 per tonne of CSPG.
· Average annual processing of 80,000t of graphite concentrate at 95% graphitic carbon (C(g)) with production of 39,700t of active anode material in the form of coated spherical purified graphite (CSPG).
These figures are considerably larger than those of the PEA of 31/10/23:
Pre-tax NPV at 8%: PEA Amitsoq mine: $235m; PFS anode processing plant: $837m; total: $1,072m
After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.
Total gross revenue of US$6.5Bn over the 22-year period
ooooft
The next milestone with regard to the processing plant is identifying the site for the plant, and setting up a pilot scale processing plant to start the qualification process, which should lead to the signing of off-take agreements with the battery industry.
Highlights
· Pre-Tax Net Present Value at 8% discount rate (NPV8) of US$837M with Internal Rate of Return (IRR) of 33.8%.
· After-tax NPV8 of US$545M with IRR of 25.3%.
· Total gross revenue of US$6.5Bn over the 22-year period, with total gross profit totalling US$2.7Bn.
· Years of operation set at 22 to match that planned for the Amitsoq graphite mine.
· 4-year payback period on capital from start of production.
· Initial capital cost (Capex) of US$321M inclusive of a 25% contingency.
· Average operating cost (Opex) of US$2,211 per tonne of CSPG.
· Average annual processing of 80,000t of graphite concentrate at 95% graphitic carbon (C(g)) with production of 39,700t of active anode material in the form of coated spherical purified graphite (CSPG).
GreenRoc's CEO, Stefan Bernstein, commented:
"The Feasibility Study in respect of GreenRoc's planned downstream processing plant has delivered excellent results, with an after-tax NPV8 of more than half a billion US dollars. Having employed the industry's standard techniques and premium instrumentation where possible, we are confident of the robustness of the Feasibility Study. This view is corroborated by the inclusion of a 25% contingency which forms part of the modelled capital cost of US$321M.
"This Feasibility Study firmly places GreenRoc as one of the few contenders to supply the European EV Battery industry with domestically produced active anode material. On behalf of GreenRoc, I would like to extend our gratitude towards Innovate UK for the generous support of a £250k grant towards this Feasibility Study though its Automotive Transformation Fund.
"There are further possible improvements to the process design which we will be looking into in a second stage, commencing shortly, and we will provide updates on that in due course.
"With the already positive Preliminary Economic Assessment of the Amitsoq graphite mine and now this compelling assessment of the economics of establishing a downstream anode processing plant for our graphite, our confidence in our plans for a vertically integrated production model for Amitsoq, from mine to battery anode material production, has been greatly reinforced."
George does not put money In ,we do in many Pies he is one dreadful but Legal t...t ,no money from him as he knows us twits put the money in ,does a few interviews , gets paid from multiple pies and there you go ! No doubt you will all hate me ffs you puddings !
Decimate is only a 1 in 10 reduction, I think it came from old Roman times when they did poorly in a battle, they used to pick every 10th soldier and kill them
I would be happy with George earning 115k a week if he was making me rich . It's the fact he decimate our investments while lining his own pocket all with a smug grin on his face that p me off.
Yet the option came along and he brought it in alba…
As a matter of fact avarage pay for a project manager at Barrats Ty persimmon etc is around 78 k. Tipicaly they are responsible for an area with multiple sites building thousands of houses, with hunderetes of millions of pounds invested.
Dont just take my word for it.
On the other hand we have alba with mc of 5 .6 million and ceo being paid 115 k.
I feel George got a private company waiting ..
Elemental Rare Metals aka Stallion Resources
https://www.stallionresources.com/
https://www.stallionresources.com/corporate-presentation
To be fair if you looked at my directorships it would look a bit like that, but some of the companies I appear on the lists of have no activity in a year, just holding companies for assets.
I get the impression that Alba is stop start, bouts of intense activity followed by a lot of waiting. I suspect of the list it is probably George's main gig.