Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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There is no sense with AIM shares. Worthless rubbish can command extortionate sp's for seemingly no apparent reason, making a fortune for a select few, or excellent prospects get suppressed to breaking point.
AIM has been broken for a long time and it's unlikely to change, ever.
Unfortunately.
Very concise
Surely we are in a better place today than when we were 5p + .....and yet we are 2.2p
Projected revenues of £5bn + (LOM) and a market cap below £4m.......Crazy or what?
Many companies embarking today LOOKING for a potential 10th of that in a project say £500m would command a higher M/C than us!!
The re-rate has to occur here...or else AIM is TOTALLY broken beyond repair!
GLA
Excellent NPV of $545m, let the re-rate begin !
Just posted on X, CEO comments.
https://x.com/GreenRocMining/status/1787733657160929469
These figures are considerably larger than those of the PEA of 31/10/23:
Pre-tax NPV at 8%: PEA Amitsoq mine: $235m; PFS anode processing plant: $837m; total: $1,072m
After-tax NPV at 8%: PEA Amitsoq mine: $179M; PFS anode processing plant: $545m; total: $724m.
The next milestone with regard to the processing plant is identifying the site for the plant, and setting up a pilot scale processing plant to start the qualification process, which should lead to the signing of off-take agreements with the battery industry.
Highlights
· Pre-Tax Net Present Value at 8% discount rate (NPV8) of US$837M with Internal Rate of Return (IRR) of 33.8%.
· After-tax NPV8 of US$545M with IRR of 25.3%.
· Total gross revenue of US$6.5Bn over the 22-year period, with total gross profit totalling US$2.7Bn.
· Years of operation set at 22 to match that planned for the Amitsoq graphite mine.
· 4-year payback period on capital from start of production.
· Initial capital cost (Capex) of US$321M inclusive of a 25% contingency.
· Average operating cost (Opex) of US$2,211 per tonne of CSPG.
· Average annual processing of 80,000t of graphite concentrate at 95% graphitic carbon (C(g)) with production of 39,700t of active anode material in the form of coated spherical purified graphite (CSPG).
GreenRoc's CEO, Stefan Bernstein, commented:
"The Feasibility Study in respect of GreenRoc's planned downstream processing plant has delivered excellent results, with an after-tax NPV8 of more than half a billion US dollars. Having employed the industry's standard techniques and premium instrumentation where possible, we are confident of the robustness of the Feasibility Study. This view is corroborated by the inclusion of a 25% contingency which forms part of the modelled capital cost of US$321M.
"This Feasibility Study firmly places GreenRoc as one of the few contenders to supply the European EV Battery industry with domestically produced active anode material. On behalf of GreenRoc, I would like to extend our gratitude towards Innovate UK for the generous support of a £250k grant towards this Feasibility Study though its Automotive Transformation Fund.
"There are further possible improvements to the process design which we will be looking into in a second stage, commencing shortly, and we will provide updates on that in due course.
"With the already positive Preliminary Economic Assessment of the Amitsoq graphite mine and now this compelling assessment of the economics of establishing a downstream anode processing plant for our graphite, our confidence in our plans for a vertically integrated production model for Amitsoq, from mine to battery anode material production, has been greatly reinforced."
GF presents Alba's option on 2 adjoining license areas in Western Australia, to explore for lithium, as very much complementary to its investment in GROC.
Big buy out deal announced shows what can happen when US wants resources
I added 200k via 2 lots of 50k and 100k at 2.32p
Does anyone have any idea how long the DD and receipt of the loan, if approved, could take?
Yes the additional testing was mentioned in January 2023 and was supposed to last 6-8 weeks. Then the August RNS said results by autumn 2023, but nothing mentioned since then. I guess it's more important to keep Amitsoq moving along, so I'm happy to leave other projects on the back burner for now.
Jeremiah99,
No, not yet.
Work was expanded to take a 2nd look at the results of the earlier samples.
did we ever get the results back from the additional testing of the 2022 tbs drill results?
from the august 2023 interim results -
"test work to determine the ilmenite content of the co****r grain fraction within drill core samples from thule black sands ("tbs"), greenroc's ilmenite mineral sands project in north greenland, is near completion and is expected to be reported this autumn."
At the bottom of its RNS of this morning, JAY presents its Dundas asset as follows:
Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and in the process of reinstating its 2019 MRE which, reported in accordance with the JORC Code, represents 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company has signed on a major European bank to head the financing syndicate for Dundas.
Fully agree. Onwards and upwards.
That was mine and it was a BUY!
It seems to be a trait of market makers to cut prices at a flash to deter interest yet when buyers come they cut online buying in the same fashion, the point is you have to buy stocks like this when it is quiet, it looks very likely that GROC will receive the $3.5m (more than the current m/cap) from the US bank but what it also does suggest is the company could so easily be acquired.
The Letter of Interest also means equity dilution is unlikely now, good news indeed.
At current levels the shares are dirt cheap therefore, the issue is getting a reasonable slice of stock.
You know they are taking the mick when it drops 8-9% on just 220k traded. I'm watching patiently to buy more and know when I hit them they will run for cover. It will probably take less than 300k to have them NT to buy again
Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=groc.L
Thanks. Destination = Wellintodoublefiguresville :-)
J 99
It’s good to see the SP moving in the right direction, enjoy the journey.