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That's a nice starting point, it would hopefully get some LTHs out the mire and looking onward and upward. In ten years I'm hoping for a lot higher but in no rush, slowly slowly catchee .......
I suppose I am not in this club then ?
Thanks Casey that's been needed for some time ! Brilliant work mate. It's posters like yourself that make this bb interesting not posters deliberately de ramping trying to get the price down. Great work mate.
Chinese battery maker signs massive supply contract with NEVS ahead of build out of new Gigafactory-size plant electrek.co/2017/03/01/chi... https://electrek.co/2017/03/01/chinese-battery-maker-catl-nevs-gigafactory/ ... but where's the lithium...
Dallas, I know you have spoken your mind and told DL what you think of him, and righty so. In the past if you said anything bad about DL you were pounced on and chastised or banned, no proper discussion took place. Was quite funny when DL got banned, had a good laugh about that.
@Oggy....I can only say it how I see it ;-)
He probably doesn't even know that people can see his posting habits and it's certainly a very telling pie chart lol
scout... what handle are you using on you're other bb's... you know... the other lithium shares you're now invested in...
Got to agree smrrty this board is a complete waste of time & space currently... if it's not full of garbage from one or two pathetic posters it's full of pathetic garbage from many others about one or two posters.
Wake up! Gfb have a cuppa.
Dallasdaz your post ( 09:05) hasn't always been like that has it.
Hey springinhetveld Good comments. I don't disagree with any of them. In updating the WHI valuation I was being careful to make changes on the basis of facts alone. But - turning now to opinions - I agree that it will be hard to get BCN value at the level they give it in 2017, while EMH may well be boosted a bit when they publish their PFS. Yes, I can't see much happening in Greenland soon. Like you, I think MMS may be the best short-term bet in their portfolio. Casey
Interesting work casey. However, I have several issues with this table. It seems to be a weird mix of long term and current valuations. E.g. BCN valued at 600mGBP (C$ 960m) clearly a "future value" but MMS at 10mGBP (current value). If I focus on the "short term", i.e. this year, I would see the values as follows: Sonora Ltihium: No value. As long as BCN does not get forward there is little to no value here. Yangibana/Greenland: No value. Little to nothing has been going on here in the last 2 years and expect little this year (although commodities are stirring). They do have value LT but not much now. BCN: Here we hope that it will finally develop this year. But the time schedule is slipping and sliding. The 600mGBP in the table are certainly to high. I think a reasonable value would be C$600m, i.e. 375mGBP. But reaching that by the end of this year is optimistic. EMH: They are progressing much more swiftly then BCN but are a bit behind. Also the processing plant will not be simple/trivial. Expect them to stay on par with BCN and most likely surpass them. But lets put the same value for them as for BCN, i.e., 375mGBP by the end of 2017. MMS: This I think is the most undervalued part in the REM portfolio at present. Soon C$200m will be raised for the Iron ore assets of this company. This may actually be the part REM is planning to sell relatively soon to have the cash to develop the other assets. Very interesting "dark horse" in the REM portfolio. I value it at C$200m by the end of 2017 (125mGBP). AOU: Not clear to me. Potential Lithium in Namibia and gold in Australia. Seems more like a hedge in case the economy tanks... Gold will be good then. Little to no value at present but if they strike Lithium in Namibia this could be really good. For now will leave it at A$20m (12.5mGBP). Putting these values in your table all with 50% risk I get a SP for REM of 1p by the end of 2017. Almost double from where we are now. But I think the BCN valuation above is optimistic for end 2017 and also the EMH valuation may be hard to achieve. But this is accounted for with the 50% risk factor. For REM I think 2017 is mainly about MMS and potentially AOU. By the end of the year possibly BCN. Of course EMH will keep the news flowing for sure. They may beat BCN to an off-take agreement! Here the resulting table: REM Valuation REM Shares 7500 Asset Value (mGBP) Share(%) Risk REM Value (mGBP) GBX/share Sonora 0.00 30% 50% 0.000 0.000 Yangibana 0.00 30% 50% 0.000 0.000 Greenland Exp 0.00 100% 50% 0.000 0.000 BCN 375.00 19% 50% 35.813 0.478 EMH 375.00 21% 50% 39.000 0.520 MMS 125.00 20% 50% 12.688 0.169 AOU 12.50 11% 50% 0.688 0.009 Costs -14.40 100% 0% -14.400 -0.192 Cash 3.20 100% 0% 3.200 0.043 Total Valuation 76.988 1.027
Couts as you seem to be worried about investors why not pop across to IGAS bb the SP was over a pound a share a couple of years ago, They are now looking at a fund raising at 4.5p now that's where you should be helping those poor souls. Been good knowing you. PS shut the door on your way out.
Ha ha and you've done lse lots of favours! Coming here daily saying there's news on the way, nearly at boiling point, wait until 14:30 and all the rest of the ramping you've stuck on repeat for years and years! Not one ounce of it has come true!
Could always rename it 'BUNcKER' to accomodate our little friend ;-)
As no one seems to have got back to you, its where you go to make really bad decisions, like I;m staying put, fook to Sub to Argentina with my mates, Ive got my dog and my bit of skirt, it couldn't get better!! Anyway its a club for select REM members to discuss stuff without Lil C and their ilk.
c in the bunker? Hell would freeze over first. He is exactly the reason it was started. He hasn't done lse any favours at all.
@TC...PMSL ;-)
lol... i was just about to say dallas is still in... who's spinning you these lies scout...
Lol....another absolute 'untruth', what I say on there sometimes goes against the flow, but the result is a reasoned debate based on facts and educated speculation, without the constant winging, regurgitating rubbish you fill up this board with ;-)
the pin number to get in is... 5-5-5... and the password is... vertical integration... bring £5 of fillet steak for the guard dogs... and don't forget your trousers... no shorts allowed...
Speaking of dl Chucky....I see on Twitter he's promoting tom winnifriths set up now! Winnifrith a man who was despised here by most!! Gives you a warm feeling i bet!! :-)
The bunker is another message board people here have created where it's forbidden to say anything remotely negative about rare earth minerals. Anyone who doesent believe it will be £1.04 a share pretty soon gets booted off and chastised! Seems a bit one sided but they have to keep the flag flying any way shape or form
https://www.linkedin.com/pulse/electric-revolution-lithium-race-goes-ludicrous-mode-gm-kirill-klip