Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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It looked a lttle weird when I posted it but could not be bothered to fix , I copied from the calculator , the gist was there . and we have another block , how much would someone pay for $450 billion worth off underground asset . And now our cost is sub $3,000s nearly all profit . ( with current tin price credits ) 100,000 tonnes of Li per annum at $33,000 a tonne is $3 Billion profit per annum . Seriously what is not to like , once the story gets told properly , we will smash market caps of current peers . I am just gunna sit and wait for our $10 a share thats eventually going to happen , a 40 bagger , on top of my recent Uranium 20 bagger from 2018 .
Meantime put your legs up and chill back to this song
https://www.youtube.com/watch?v=8VJSX07XJFc&ab_channel=ALVARORTEGA
He’s a factor of 10 out ie too high
lol @Fingers, in which case you were out by a decimal place in your original calculation ;-) 7.5Mt * $30,000/t = $225B
Increase in overall resource to 7.39 MT LCE I rounded to 7.5 mil and used $30 k atonne
Some difference between approx $2,000BN and $166BN resource valuation. Which is closest to correct estimate?
Not sure how you arrive at your in ground value @Fingers. According to the latest release at:
"European Metals: Resource Upgrade at Cinovec Lithium Project to 708MT Including 53.3 MT of New Measured Resource" (13.10.21)
https://www.reddit.com/r/CadenceMinerals/comments/q75zqe/european_metals_resource_upgrade_at_cinovec/
===[
Increase in overall resource to 7.39 MT LCE
]===
According to latest fastmarkets spot is approximately $22,500/t (Hydroxide, but LCE not too dissimilar).
https://www.lme.com/Metals/EV/Lithium-prices
Therefore total in ground value is 7,390,000t * $22,500/t = $166B
At current Li price EMH has $2,115,000,000,000 worth of Li under ground , remember the days we said $70 billion when it was $10,000 a tonne . Staggering numbers now .
Nice work by new Czech Gov :
Alena Schillerová
@alenaschillerov
·
16h
The government of the coalition of TOGETHER and PIRSTAN is preparing to create two completely new ministries. After the "Ministry of Digitization", the "Ministry for the EU" will also be established
Noise is getting Louder :
Phase out ICE vehicles in developed countries by 2035, developing nations by 2040, says UN Secretary General
https://auto.economictimes.indiatimes.com/news/industry/phase-out-ice-vehicles-in-developed-countries-by-2035-developing-nations-by-2040-says-un-secretary-general/87098810
Not surprising deals are getting bigger given the state of the lithium hydroxide spot ($22.5/kg) and futures ($26/kg out to a year) :-)))
https://www.lme.com/Metals/EV/Lithium-prices
https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.settlements.html
https://www.linkedin.com/pulse/energy-crisis-dependencies-we-must-anticipate-thierry-breton/?published=t
I reckon one of thes projects is Cinovec
Sid I believe our current cost of Li extraction with new tin price you postsed is $2,383 or close to . For every $100 tin price change is aprox $6.5 change to our cost .
CURRENT PFS Numbers
PFS Li Price $12,000 minus PFS Avg Production Cost (with credits)$3,435 multiplied by PFS production 25,267 T equals $216,411,855 per annum Profit by 21 years is $4,544,648,955 Profit
Ie 55 cents a share profit or with a PE of 10 $5.50 a share
NOW FOR CURRENT PRICES
PFS Li Price $22,500 minus PFS Avg Production Cost (with credits)$2,383 multiplied by PFS production 25,267 T equals $508,294,470 per annum Profit by 21 years is $10,674,183,877 Profit
Ie $1,29 a share profit or with a PE of 10 $12.93 a share
NOW FOR CURRENT PRICES and double production
PFS Li Price $22,500 minus PFS Avg Production Cost (with credits)$2,383 multiplied by PFS production 50,534 T equals $1,016,588,941 per annum Profit by 21 years is $21,348,367,753 Profit
Ie $2.59 a share profit or with a PE of 10 $25.86 a share
ALL in USD
Price per share based on 49%
Electric? !
Just bought a nearly new car and the dealership said that they were banning the order of several option packages on their cars due to chip shortage. In fact my car has several options I couldnt get If I wanted brand new.
Yes Sivad, and look what the shortage has done on the increase in price for the chip suppliers.... ;-)
Just look at what the current shortage of semiconductors/chips had done to reduce car sales.
What will happen to lithium and tin prices if there is a global recession before 2025.
Tin rises again 38,925 more to come? I wonder How much OPEX production could be ....
Well that is good news to wake up to & quire unexpected.
Sentiment has changed in an instant wouldn’t you say ?
EU most certainly will like it ,VW have big plans they will need much lithium,no deal yet with us and prices rising,I bet they wish they had an agreement with Geomet sorted ages ago,my preference is for at least one deal that is guranteed at certain price for a number of years AND pays upfront a certain amount too ,helps with funding ..... we were £1.06 in Aug! We are a bargain!
The result is good news for Cinovec with monies grabbing Babis not now in the picture.
VW's 9-month electric vehicle deliveries to China more than triple
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/vws-9-month-electric-vehicle-deliveries-to-china-more-than-triple/87042010
At this rate VW will run out of batteries / Lithium B4 anyone else , watch them bring forward 2030 plans by five years , they need to .
Babis conceded 4 hours ago :
https://www.reuters.com/world/europe/czech-pm-babis-prepared-transfer-power-opposition-ctk-agency-2021-10-15/
To my knowledge most of these ‘deals’ are ‘in principal’ that is to say they are non contractual without comeback on either party if the producer can’t fulfil either quality or volume. Headline grabbing, yes, but if you were running a $2bn battery or car plant relying on a contractual quality and volume of a specialist chemical it is good for nothing.
Too many of these projects are propelling their sp north on the marketing of these ‘deals’…… jury is still out with EMH but the truth is that we have not pumped the sp int he same way that VUL, PLL et al have.