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The key with ATM is that its polymetallic so the Lithium will essentially be produced for free which nullifies your point about it being expensive to produce in this instance.
I am a LTH since Afritin days and I'm excited by the lithium potential but I was concerned by an interview with Neil Herbert (ALL chairman) last week. He was commenting on the future demand for battery grade lithium and said that producers were moving away from petalite to spodumene due to the cost of processing petalite. It was just a throw-away line from NH but it will be interesting to get the metallurgy results. Obviously, if the lithium price rises, any additional processing costs will be less significant.
ATM does have some spodumene but I'm not sure if there has been a separate MRE. In the meantime ATM can sell the petalite concentrate into the glass and ceramics sector, albeit the market is a lot smaller.
Just be aware. My 20000 top up at 8.06 was "accidentally" shown as a sell and all the deals at that price similarly recorded! Plus ca change!
Let the dust settle , let those to leave here as many haven’t a got a true understanding of what’s going in here. Todays update was very good and highlights why I invested here many months ago . The real journey is just about to start.
Anyone have a good reliable pricing source for our petalite concentrate ?
No worries :)
Cheers Early Bird
@coffeecups - it’s not that big of a deal. Tantalum is nice to have. It’s a high margin topup byproduct. It’s not a game changer.
If they rns march 2024 imo this bags.
If they don't....
Https://x.com/AnthonyViljoen/status/1767474474905899050?s=20
Also FYI ive had it confirmed by the company that the 2025 is indeed a typo. The first shipment will be in the next week or so.
Tantalum is shipping March 2024. I have a picture (sent by Andrada Chief Strategy Officer) of the 5 tonnes of Tantalum, in packing containers, on a pallet, secured and ready to be shipped.
Having been interestes in ATM and followed AV for quite a few years, I have no doubt he is a man of integrity. Mining is a tough business and nothing comes easy but so far progress is very positive for me. I've held here quietly for a while and will continue to do so. These metals are needed and only going to become more important over the rest of this decade and beyond.
It is 2024!!
Rgbuk ... if AV confirms tantalum march 2024 and those 5 tons more from a circuit in last xxx time frame then yes different ball game and it's 10p etc etc.
See what he says in reply...
Essentially goes back to what AV says about the fact you cannot min from a spreadsheet like most miners try to do these days... the oly way to know what the numbers will look like from the ore body is to produce a production plant and then use this model to then input the numbers back in to the spreadsheet...
Happy to help you if you need any more guidance
Phase 1 production is to firm up the numbers for the much larger phase 2.
The phase 1 production numbers are clearly highlighted in todays RNS... Tin 2600tpa, Tantalum 45-83tpa, Lithium 30,000tpa. This Phase is all funded from existing cash...
I dont think you seem to realise that any mine in initial production is experimental - this is one of the most ill informed comments ive ever seen.
Another 96k shares for me this morning. Happy with the update. Mining is a slow and steady business and professionalism and attention to detail required - the team is clearly delivering this. This is a strong all-round update. The main uncertainty remains future commodity pricing but I am positive on this - can't go much lower. Excellent news on partner funding - it takes as long as it takes - it's a company maker for Andrada.
I'm expecting a positive day for the share price once early speculative buyers exit positions. No reason not to push through 6-7p in the near-term. Beware posters with their own agendas and act on your own convictions. GLA.
Early bird.
Don't kid a kidder mate... I've watched this and AV from inception, i know exactly what it has and hasnt got.
The tantalum for example .... circuit is experimental, where is the integrated production plant ?
I'll leave you to correct investors who might get taken in by it all ;)
Https://youtu.be/gHOpa2q6Ij4?t=1172
Worth listening from 19min30 for 5 or so mins
Not quite sure I understand your worries over funding but hope the following from the RNS helps:
§ Ore sorting is fully funded by the Orion Resource Partners facility.
§ Ore sorting augments the Continuous Improvement II programme ("CI2") which is fully funded by the Development Bank of Namibia ("DBN").
Plus it’s Petalite they are looking to sell into the ceramics market, not spodumene.
The tantalum 2025 was obviously a typo, should have been March 2024 as some else pointed out it said elsewhere in the doc.
Coffecups.
Theyre selling to the glass/ceramics as this commands a better price currently. Eventually they will process their ore as LCE which commands the higher price.
Orion deal is a royalty loan so they will take I think around 5% of the revenue (from memory). Orions deal fully funds them for the phase 1 production.
The Tantalum is shipping as we speak so its March 2024 - will confirm back with AV.
Stage 2 development will be funded through the strategic partnership process at asset level.
Hope this helps
1. Sells spode for pottery, not a lithium resource
2. Need to double tin prod tfrom current levels to service the Orion loan deal.
Tantalum March 2025.
Will need to raise significant sum for stage 2 development??
How much??