Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It’d be nicer if the share price was measure in pounds not pence still…
It doesn’t matter if it matters to the share price today.
It matters to the investment thesis.
This because it will give a sense of urgency to the EU.
The new govt in Czech R being pro EU and pro liberalisation means this is indeed looking up for EMH.
None of this seems to have any impact on the sp however. What we need is a decent PfS upgrade, and some more certainty on purchasers for the products..
This is positive for EMH!
This will press the EU to double down on European Li projects. Not a single hard rock project in EU looks to have made it so far, despite their aspiration for raw mat independence. Vulcan remains a narrative story to ke goven the eye watering capex - which further needs to be revised up massively on raw mat inflation.
https://wtvbam.com/2021/12/16/town-in-western-serbia-scraps-plan-for-lithium-mine-project/
Prices soaring!
"Global lithium carbonate prices rise on limited availability" (December 17, 2021)
https://www.metalbulletin.com/Article/4020675/Lithium/Global-lithium-carbonate-prices-rise-on-limited-availability.html
===[
Fastmarkets’ assessment of lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China, was 230,000-245,000 yuan ($36,112-38,468) per tonne on Thursday, up by 15,000 yuan per tonne from 215,000-230,000 yuan per tonne a week earlier.
]===
A lithium shortage is coming, and automakers might be unprepared .
https://www.morningbrew.com/emerging-tech/stories/2021/12/13/a-lithium-shortage-is-coming-and-automakers-might-be-unprepared
And I bet they aren't
The Serbians don’t seem to want Li.
Let’s hope a few more smaller ones get similar & our big asset becomes even more of a key focus for the required mass offtakes in EU
https://www.westport-news.com/news/article/Serbia-suspends-lithium-mine-plans-after-protests-16706417.php?utm_campaign=CMS%20Sharing%20Tools%20(Premium)&utm_source=t.co&utm_medium=referral
I am sure we will start production at " In the current market, starting at 50ktpa may even be a possibility..." rememembering this is one shift . There is no justification what so ever to only do 25 K , Once the institutions get in on EMH the will force/dictate to management that they will want more . Yes my base line price would start at $15 k p/tonne as this figure has already been mentioned in offers , however , I am hoping $20 k may be our base or lets say $17.5 K , hazzard at a guess the rest of 20 years will be considerably higher . As the more substandard mines come on line they will have a greater operating cost and the base cost average will end up dictating the sell price in the future and of course we will never at this stage fullfill all the supply requirement over the next 10 years at least . so I see $20 K a tonne Li and $30 k a tonne Tin in updated PFS probably adding 175% to our existing bottom line . I agree KC and Cez should be shouting from the roof tops that we will head to double production , as usual KC and Cez have to dot eyes and cross tees in formal procedural documentation and feasability to proceed with double production , the back of the envelope alreadys says is it feasable and warranted though . All and sundry know too . Just cant wait for all those catalysts in that reddit thingy to come out and see if any of my predictive share prices will be true in next 4 to six months . or even which catalyst will come first . I am backing a $20 share peak at some stage AUD .
Perhaps @Fingers. Hard to second guess. In a revised PFS I'd increase the baseline prices to $14-16/kg in the first 5-10 years and perhaps fall off back to $10-12/kg in later years, and include organic expansion plans to 50ktpa and beyond, ala WHI proposals. Unless there is a strategic advantage to delaying expansion plans to the BFS I don't see why the market shouldn't be alerted to the possibilities now, and what these may look like. Coming from analysts is one thing, coming from the horse's mouth is another! ;-) In the current market, starting at 50ktpa may even be a possibility...
Don't think it will Observer , KC wants to keep it simple for now until we finance and then he will pull out the big guns .
Indeed @Fingers! I'm wondering if the revised PFS might consider significantly greater volumes. e.g. double as envisaged by the WHI report at:
https://www.europeanmet.com/wp-content/uploads/20210212-FN-EMH-090221.pdf
It's very encouraging to think what NPV WHI would estimate if they were to use a more realistic long term sale price than the $12,500/t LiOH they used, which they state was marginally above spot at the time of publication in February 2021. What are we at now? $31/kg spot and futures of $35/kg in January rising to around $41/kg in November 2022. The share price here is pretty crazy really considering the increasing demand and lack of supply chain to match!
https://www.lme.com/Metals/EV/Lithium-prices
https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.html
A Lot to look forward to there Observer . Bring it on say .
Thanks obs, much appreciated.
@Jonesy. Expected EMH timelines here:
https://www.reddit.com/r/CadenceMinerals/comments/rf5f2h/weekly_discussion_thread_upcoming_news_icymi/
Expected revised PFS due "shortly"...
Would be nice to get some crumbs of information now. I've forgotten the last time we had an RNS. Some indication that the DFS will be in Q1 2022 would be good as a starter.
Czech president to swear in new government on Friday
The Electric Vehicle Invasion Is Already Here
The adoption curve is getting steeper than anyone thought.
https://www.bloomberg.com/news/articles/2021-11-16/the-electric-vehicle-invasion-is-already-here-kw257rxq
VW up for a decent stake in EMH ? With an offtake ?
Volkswagen establishes a European company (Société Européenne) to consolidate activities along the value chain for batteries – from processing raw materials
https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-creates-european-company-for-its-battery-business-7690
Cadence CEO interview from a few days ago. It might interest some on here who’ve maybe heard of them but not much else. Some talk of emh but not too much but he (maybe) gives a small snippet away when he mentions CEZhttps://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkLnBpcHBhLmlvL3B1YmxpYy9zaG93cy81YjBmZDExMDdiNjc5MDQzNzZkNTIwZjc%3D&episode=NjFiMWVkYzM1ZDVkMmEwMDEzNTY1NDc5
VWGroup's battery boss Thomas Schmall is determined to offer our customers powerful, inexpensive and sustainable vehicle batteries.
"That means we need to be active at all stages of the battery value chain that are critical for success.”
Yes we know, now just Offtake the biggest Li deposit in Europe Mr Schmall
This thing is going to blast off fast!!!
https://twitter.com/VWGroup/status/1470391541864837125?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
PFS update shortly I think, news about off takes next year early next year hopefully.
Shhh! You can hear the sound of tumbleweed blowing around....
Meanwhile KDNC and Zinnwald are both up double percentage figures today!
Radio silence from EMH and this stock drifting aimlessly in the doldrums. What IS going on? Hello? Keith?....Cez?...anyone.....
I'm waiting on an RNS update on progress which I believe will happen this month.
Quiet day here,
couldnt help but wonder why absolute nothing, no trades, no chat, whats the script?