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Good point about qe. But also there's never been so much money in the world - Elon Musk has $210billion. Also the resouces are proven here, and the tin byproduct helps put the mine on the low end of the cost curve.
EMH and ZNWD are also part nationalised (via CEZ) and non-nationalisable respectively. That's a derisk for me, it implies, a) they will be permitted and, b) they have better access to funding.
Elon Musk could swoop in and buy EMH and ZNWD for pocket change. I would. Batteries with CCEZ for cars with Mercedes, VW, BMW, AAUDI et al
That political interference was good fun: The Czech election, Babis spouting claims about the real value of the asset, talking about the need to nationalise. ..I loaded up all the way down. But the lowest low came during covid. And after CEZ taking 50% the share price flew. Having CEZ attached gives me confidence that the project will go ahead. But maybe Geomet will just get beaten down and bought out a la Baconara Minerals.
The same could happen here, its a risk, but a buyout comes at a premium and I/we would still see a return.
If a partner came on and took half then wwhat? Maybe the share price would fly.
I see other posts of this becoming a zombie holding. how befitting of our dead economy and braindead politicians that would be!
EMH went down to like 12p, I filled my boots, then it went to £1.
I can see the same happening here and plan to load up while the price stays low. Weak holders can be shaken out, its fine by me.
The EU, being the slow moving bureaucratic behemoth it is might take it's time, but the benefits of autarky and ESG-factor in developing local resources should appeal to the pencil pushing midwits running the show.
Hey Bankboy, I'd love to see the source for where you read it only takes a couple of months to start a mine.
You'd be right, on the condition you have money and a buyer/market. Does Zinnwald?
Sure, Tesla and the EU, but it's not in place yet. Look at the market cap, then the NPV. God willing the Russia/Ukraine situation resolves peacefully, and all the hesitant money gets piled into an EV revolution. This could 5 or 6x in the right conditions.
£26m?!
Seeing that has actually made me chuckle. I've been buying, holding and selling this since 2016/7, and I feel like the opportunity and potential upsides here completely dwarf the downsides.
Russia and NATO doesn't affect KDNC bringing an iron mine in Brazil online. Its a 2x from here when money flows back.
Any other long term holders who feel that's about right?
We're worth that in assets alone. The sheer quantity of iron in Amapa! And you know what, I think Mr Mozaria has the balls and expertise to bring it back into production...
Does anyone know when Amapa is forecast to come online?
This is going to do what EMH did towards the end of 2020.
Henry Maxey is smart money. I've been holding and adding for the past 12 months. When he bought more at 15p so did I (and a lot of other lths I suspect).
Catalyst for rerate? Who knows, we can't predict markets. But a revised NPV based on today's hydroxide price will certainly turn heads.