Firering Strategic Minerals: From explorer to producer. 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.
i see we are getting a few nibbles, and for once they are not being immediately followed up by huge sells!
Roll on 4p to get me back in the black!
I think this Lithium business won't come of anything won't be worth it ,and ruin Arya results and put a dark cloud of what will be good results,
Core lithium has been an asx market darling now capped over £600m. Ccz have secured the ground neighboring. Great leverage play just on this asset alone.
Arya update this week!
18 Oct RNS: · Key focus remains to drill-test the three targets identified by BHP in the mid-1990s including EG01, EG02 and EG101,2:
o Of these, EG01 has been interpreted as a potential massive sulphide bedrock conductor 130m thick, 1,500m long and 450m wide at a revised 100-200m depth1,2
@news Yes because they know what is very likely in the CCZ projects but for a fraction of the MCap so IF they can prove up the multiplier is much better at $52m than investing same money in a $600m MCap any day. Also CCZ gains from other majors infrastructure which will be 2+ years ahead in development terms ... it is a Win-Win for everyone as their infrastructure useful life gets extended. Just look at NCMs Telfer and GGPs hookup.
ATB APR
Indeed @News,
The Charger thread also looks upbeat on Hotcopper, one thing for sure is the demand for lithium is going to be well over 1 million tonnes by 2025, COP26 and US build back better will accelerate this but it will happen on the back of technology advances - BYD look very strong alongside Tesla.
GL
LoL - What a surprise that Kiran Mozaria's Cadence shareholder has come over to Castillo.
I followed LITCHFIELD [and Picasso] lithium projects to Castillo when Cadence OPTIONED these 2 projects out.
I had been mentioning Litchfield until Kiran Mozaria said we dont make much of it etc and then
one morning, I saw the RNS from both Castillo and Cadence.
So, here we are at the SPODUMENE story.
On Australian forums, even the Core Lithium people have a thread on Castillo*s lithium projects instead of their own. Other forums are also talking about LITCHFIELD [CCZ].
Sat, 13 Nov 2021.
Excuse me for intruding, spodumene is on a run at the moment with 30% gains in China in the last month, for anyone looking at lithium there was an oversupply from around 2019 due partly to the lots of Australian supply going to China for processing, Morgan Stanley predicted by 2025 the production would outstrip demand and by 2021 lithium carbonate would be around $7,100 /t - it's around $28,000 at the moment.
Here's what Morgan Stanley published in 2018:
https://www.linkedin.com/pulse/morgan-stanley-claims-lithium-price-plunge-45-2021-power-more?articleId=6375049628567502848
Of course they are out by a country mile, a couple of links if you want to see price movements:
http://www.asianmetal.com/LithiumPrice/Lithium.html
Check out the charts:
https://www.fastmarkets.com/commodities/industrial-minerals/lithium-price-spotlight
I have added some CCZ as of Friday, it's a good time for battery and other metals that will be part of the disruption in energy and transport.
GL
@aprogerson. I agree, the options on the Lithium prospects were a masterstroke by BOD. Not least because we can walk away from it anytime and at minimal cost (although hopefully that won't be necessary). I only hope that these unproven Lithium licences do not distract from what is happening right now at Arya which management describe as 'one of the largest copper discoveries in Queensland'.
Arya is potentially a £10 billion resource and could easily dwarf Core Lithium's Finniss resource (15 million tonnes at 1.3% lithium oxide) and that's even if we find anything of similar size to Finniss at Litchfield. Don't get me wrong, Litchfield has many attractions. Relatively low cost open pit mining and access to Core Lithium's processing facility means we can achieve positive cashflow very quickly. Regulatory and environmental permits already secured by Core should make it easier for Castillo and we are only 100 km from Darwin Port. Arya on the other hand will be a hard slog and many years before we see the first ounce of copper. It is a high capex project so it's encouraging that Rio have the licence next door as partnership with a major will be necessary.
Litchfield and Arya are very different beasts and I am simply saying that the time to get excited about Litchfield is not when we analyse surface rock chips. Right now Arya is the star attraction and I'm concerned that disappointing news from Lichfield could overshadow what you and I have always seen as the company maker. I have waited over a year for Arya since buying into this stock, how disappointing that Lithium seems to have stolen the limelight so near to what could have been a three or four bagger announcement.
@Loot Arya was always the main event for me, but I must admit having options on Aussie Lithium projects especially given their proximity to existing Lithium plays will be very exciting if their DD plays out as I suspect.
ATB APR
I very much agree Lootgaloot it’s building nicely here and a good time to add as it’s still very much under the radar ..but might not be for too much longer with a bit of luck .Gla
All the talk of Lithium has diverted attention from Arya which is, and always has been, our flagship asset. News may land on Sunday night (Monday morning in Oz). Credit is due to the company for not leaking news and this has left us all guessing (including market makers); that's the way it should be.
The RNS promised an 'update' which suggests we will not get the full assay mineralisation results but I wasn't expecting this anyway as samples would have to be helicoptered to the lab and it makes sense to do this in one go, once drilling is complete. It's more likely we get visualisation results. It would be great if the update included XRF analysis but CCZ didn't do this at Big One so I'm not expecting it in this update either.
I am more intrigued by the expression 'more detailed' update. This suggests there is something to report. If they had found nothing then the RNS would surely have said so. My big fear was that Arya would be a duster but it appears, at the very least, there is something worth further exploration. Any indication that that 'something' supports the current geophysics model and it's game on.
Tried yeserday dummy buys and sells and found one could only get limited shares for buys.
Then, one was offered a tiny bit more to sell. Then, the spread towards closing time narrowed further between buy and sell. So, not surprised this morning , the price moved up as such.
On Twitter, they showed a map on the CCZ thread, that another co has PEGGED ground VERY CLOSE to PICASSO [CCZ's option in] lithium project in WA, Australia.
Fri, 12 Nov 2021.
NT to buy over £1k yet can still sell loads. MMs know we have lots of news due especially from Arya next week.
RNS 9 Nov: · Interest in the Mt Isa copper-belt continues to grow, with Rio Tinto recently acquiring contiguous ground1 on the eastern boundary of the NWQ Copper Project which is proximal to the Arya Prospect
· A more detailed update will be released within the next week
sell my entire holding for 2.05p, although not surprising as the uk equivalent of aus closing price is 2.19p! Think I'll pass.....
aperogerson best of look, don't know to much about Arc minerals . but been invested in few miners kaz minerals etc.as you know in third world countries when things turns good for Governments, dictators, oligarchs, they change the rules to line there own pockets. leaving share holders done by.
Lithium dvharrison, is a bonus would not listen to much to management ,a lot of spin with them a lot of sold because of it.in this share better selling on good news, buying back when price drops. be quicker turnover.
@Causal I'm also in Arc Minerals (AIM:ARCM) which is 99% Zambia focussed Copper explorer. Big copper producers such as FQM Sentinel and others produce a lot of Zambian tax revenue and Zambian law is based around UK Law.
Yes it has issues but relatively stable by African standards.
ATB APR
Zambia is actually a lot more stable than most African nations, even more so after the recent election of new govenrment. Very pro mining. So in theory it could add a great deal to ccz, as can the lithium projects, Arya and big one....in theory. Let's hope the theory becomes de facto.
Arya all or nothing? What about the lithium?!
Doing maths lagaloot knowing what in the ground, and assuming as you know are two different things. 4p on breaking news, with algorithms kicking as a novelty. I take 4p any day and walk with a profit.. Time will tell. Zambia won't make difference Unstable country. Arya all or nothing.
4p? You're either deramping or haven't done the maths...
The EG01 anomaly alone is estimated at 450m x 130m x 1500m; that's 200 million tonnes, at a strip ratio of 3:1, about 70 million tonnes of ore. Assume 1% mineralisation, 700k tonnes of copper.
At current copper price of $9.50/kg and cost of mining/transport/treatment/refining of $3.50/kg; I calculate US$4 billion (£3 billion) profit at today's copper price, over the lifetime of EG01.
If EG01 has a 25 year life of mine then a net present value @ 7.5% discount gives a current valuation of £500 million market cap or 38p per share.
Copper ore normally comes with other metal content adding value but not included in this calculation. I also do not include potential copper or lithium from other mines in the portfolio.
Rio positioning next to Ccz speaks volumes. Fortunately for shareholders ccz picked up all this ground in 2017. First mover advantage. Agree with #Cuon big re rate could occur quickly here especially with litchfield assays pending next to Australia’s next lithium producer. Will test new highs.
20% up in Aus today. Drilling under way still at Arya. The market is really keen to see these Litchfield samples. Any contiguous notion with CXO and the SP will respond heavily imo. A lot of news flow leading into Christmas!