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Just a couple of snippets from the new study, that were interesting.
There are now plans for 4 declines instead of 2, which makes sense given the amount of extra struvite/vivianite (882mtpa), which will be coming out of the ground.
The other big take is the water reduction & for the first time we now have figures on just how much the project will use.
Previous FS had assumed 139m3/hr new KMP process 56m3/hr so that's the 60% cut, but then there is the saving on the DWI on the last FS it estimated 20million m3 over the mine life (so roughly just over 1m m3 per year). With the new process that is now zero.
So that is a massive positive on water, the only disadvantage environmentally is more trucks will be needed to ship the salts to port.
GLA
Still haven't answered @GW62's question really. Can you provide any more insights instead of just posting the chart?
You had a pop at the poster earlier and said that 'All that matters with TA is the data'. Yet @Corryvreckan1 has pointed out one major flaw with your data source.
@Corryvreckan1 I did and thank you so much. Sorry, I have been mega busy. Also sometimes one has to let the price move and do its thing as it develops.
Did you see my post below on 19 Jan 2024 at 22:05? Trading View still have earlier data that is irrelevant to Emmerson.
It's nice to see the price moving according to my TA idea. I have always enjoyed charting #EML. I am not invested myself but I wanted to share my charts. So far so good. Here is today's tweet and links to my daily charts https://x.com/SwazersC/status/1754451585923526842?s=20 https://www.tradingview.com/x/0iICeaSn/ https://www.tradingview.com/x/gv7OCkzC/
Interesting large scale excavation, complete with heavy earth moving equipment. Rough estimate c350m x 80m and around 800m to the east of the main target zone at the bottom of EMLs planned decline.
https://www.google.co.uk/maps/@33.8112973,-5.9146611,1946m/data=!3m1!1e3?hl=en-GB&entry=ttu
May be irrigation/plantation related - similar to the area just to the south-west of it? Further evidence of attempts to manage a way through the drought?
Or [insert conspiracy theory here]... ;o)
Have just watched both interviews. I am now the most confident I have been for over 7 months which I admit is not saying much.
It is a positive development, as was the update on costings which given inflation was not to much of an increase.
If we ever get the ESIA then the already sound economics have indeed approved.
No doubt the new process will be taken into account when the decision is taken, or feedback is provided as Graham said, so I don't think anyone needs to be concerned that this will not form part of the assessment made by the Moroccan government.
Also clear this has been done to take steps to ensure we get the ESIA over the line. I would like to hope it does and soon, however GC gave no indication at all as to when he expects to hear feedback.
Ferrisc, have a look at the posts below summarising the local law on environmental permits, which bears a staggering resemblance to the ministerial commission the Graham speaks of:
https://www.lse.co.uk/profiles/ideas/?page=6
You are quick to say that Testpack's comments are 'made up', but there's substantiation that lines up with them, as set out above and I haven’t seen any substantiation for the view that you are putting forward.
Perhaps you could elaborate on your own position so that we know that's not just 'made up' as well?
My own take meanwhile is that:
- they were refused and appealed;
- they've been left hanging and are too afraid to bring any legal challenge; and
- this is all done on handshakes, so that if they come back and the man from del monte says 'Yes' then it will all go through whatever the process and same in reverse (us currently being in the later camp - the man from del monte has been 'unable' to say yes).
More made up rubbish from you testie. The first two definitions of ‘unable to approve ‘ on a Google search are;
“unable to approve" is correct and usable in written English. You would use it when expressing that you are not able to approve of something”
and,
“to lacking the necessary power, ability, or authority (to do something)”
After watching countless videos of GC and trying to work him out I think that's just his disposition. He always looks like he's about to cry,
To answer BTS (?), of course there can be a resubmission. The original one was rejected. The definition 'unable to approve' is, 'does not meet the stated requirements' or rejected, naturally, a new submission can be made if these 'objections' have been met, which we are led to believe is the case. Any discomfort from authorities now can only mean It wants EML out of the site.
I’m no expert in these matters but that sounds very positive and quite different to some previous interviews in which I have thought GC seemed a bit shifty. Hope the word gets around and is reflected in the sp. Thanks for posting it here.
Further interview with BR Business News:
https://www.youtube.com/watch?v=RY2jDxwYcGU
I agree, it is an excellent RNS, if they licence KMS for wider use in the industry it has potential to make Emmerson more revenue than the Kemisete mine itself.
chisler
Would be good to know if the ESIA committee have now been informed of the new KMP process and its much reduced water usage and the removal altogether of the DWI process for waste brine. These are 2 game changers that impact massively on our environmental footprint and should be key to their decision making.
Would be a shame if they are making their assessment on the old/original mining process. Surely that can't be the case. Are we allowed to make amendments or additions to our application at this stage in the game? Graham didn't/couldn't say in the interview if today's RNS info has been communicated to the key decision makers in government.
Https://www.emmersonplc.com/investors/corporate-documents/
There is a new presentation, to have a look at.
I am glad to see the latest RNS has gone down well, there is of course a huge elephant in the room, but this new process can only help & not hinder the progress. Lets hope its already on the committees desk.
GLA
The only negative issue I can find in all this is that Further metallurgical test-work will clearly need to be undertaken for this KMP option given that the scenario requires stepping back the processing element to a scoping study level of work from the feasibility level of the rest of the project.
With this in mind the process could be made use of in other companies.
Re, re RNS.
Is indeed good news, if it has been presented to The Committee at National Level for evaluation.! The present EISA presentation was rejected by Local, and I see no reason why National would go against it, to make a 'rod for their own backs', in the event of future issues. If Committee, when face with this new process, start 'making waves' on the use, and storage of Phosphates and Ammonia, then it is doing all it can to get EML out and OCP in.
This is the time for 'face to face' talk with Committee members, and get answers.
I have re-bought on this news. C'mon BOD, earn your salaries.
I'm anticipating some director buys shortly.
Hi Thorpe1, I'm in that position myself, 55% down over 3 years on 750k shares and still holding and buying on the way down. I always saw this as a long term 5-10 year play but didn't envisage being underwater for so long. Prepared to hold and stay true to my investing strategy. I've tried to trade my way out of trouble in the past and it has burnt me everytime.
For many of us the sp still has a long way to go to reach our average purchase price so let’s hope the wave keeps on rising.
All good things come to he who waits, and waits, and waits, and waits a little more. I hope Emmerson are using Rupert Joy for what he's being paid for and he is liaising with the Government powers that be. if we can get this RNS/KMP info in front of the ESIA committee decision makers before they meet we might just get the approval over the line. There are some seriously big water and waste management savings to be had by adopting this new KMP process and you wouldn't want them to not take these factors into consideration when making the decision.
Having read the RNS through again in more detail, I'm confident that if these new production methods are taken into account when the ESIA is reviewed we will receive approval. Looking ahead, the financial returns are also more favourable which will have a significant impact on how quick debt can be paid down once production is underway.
We are not out of the woods yet, but today's news is potentially transformational on many levels. If the big time is 3, 4 or 5 years away, I'm not bothered as long as we get there.
Can this still hit the heights of the days of Hayden Locke forecasts ???
It’s been a slow boil for sure