Proactive article following publication of the full year results
47 page research note with 2.18p price target
Video presentation with slides https://dt9xom8irs6kr.cloudfront.net/u238195/144695-2877389305321170519.mp4
There is also the 80% ownership then 10% bank fee to deduct.
See the spreadsheet I made comparing metal valve over the past 16 years, sale price of north american palladium, KEV (finland), WAT (underground S.A being developed), LionOre (huge nickel mine)
I didn't deduct the 10% bank fees either, so the valuations in green at the bottom still require 10% reduction (if fees are 10%)
The range of transactions is between 3 and 20%.
Bidding war going on and who knows here, as we don't have the mine built yet we should be valued less but there is a smelter plant just down the road so that, as mentioned is a huge plus point.
My fault too Ian, sorry.
My intentions were somewhat emotionally driven and loaded with a cross ramp agenda. Don't normally go off on these tangents and will try to refrain from them in future. - I'm sure there will be others...
What would puntersfield have thought!
Here is the reason for GW
We are entering a more active part of the universe. Co2 and global temps have been much higher in the past. Just a pity we have deforrested so much of the planet that nature has nowhere to hide this time. Ecological collapse, species loss. All man made. Paper and oil industries and somewhat mining are to blame
It is 50% emotional unfortunately. But the other 50% is very educational.
We need new tech like this to preserve soil.
Modern farming iss killing the soil, and hydrocarbons are killing forests and the sea with acid rain.
This is the alternative and shows how syngas works and what is possible. It is carbon negative
Consortium, Russian, 14 years payback, 7 years to production.
Eua = zero years to production (wk already producing) , 1 year pay back to build a new mine at wk (if wk production is ramped up)
1moz per year Pd production now forecast
Laz, watch the documentary film called need to grow https://grow.foodrevolution.org/ then contact me on twitter user name is dubluk
EQT I was on about are like a turbo charged version of the technology in this film but without the massive greenhouse. Can still produce fertiliser and biochar as a waste product however. Gn
Laz I actually applaud your effort. And yes there is a horrendous effort from left policy makers to profit from the climate emergency. And yes a policy set up like Germany would create huge mineral depletion and extra mining. But there are alternatives, and there has to be. Forests aree dying due to acid rain.
"Acid rain is caused by a chemical reaction that begins when compounds like sulfur dioxide and nitrogen oxides are released into the air. These substances can rise very high into the atmosphere, where they mix and react with water, oxygen, and other chemicals to form more acidic pollutants, known as acid rain."
Composite materials like hemp are slowly coming to market. At source models are available, such as fertiliser from plasma technology. Creating fertiliser on windy days locally then distributing it locally to farmers kills two birds with one stone. Usee the extra electricity, and reduce the energy and fossil fuel demands of the fertiliser industry.
Then there is the whole animal farming issue, 80% of arible land is used for animal grazing and aanimaal feed, and the energy used in animal agriculture is more than all transport worldwide combined.
Nice to hear your views anyway but its not a left vs right green vs oil argument (although politicians trey to make it so)
There are massive riots outside the coal power plants which were to take up the slack in the German power grid. They import their gas. The wind doesn't always blow and when it is very windy not everyone needs the electricity.
Sounds like bad policy and jumping on the boat too early.
Please educate yourself on syngas, offshore wind, air batteries, green hydrogen (as opposed to blue hydrogen). The economics have changed a lot in the last year or so from what they were.
The dutch andd germans are all over hydrogen. More efficient to transport than electricity. These are the facts.
Sorry for the disruption all, good night.
So Germany (not as windy as Scotland) invested heavily in wind and green energy when it was still very expensive and now their energy bills are high. Thanks for this information, that's really clear. Lucky there are now paladium batteries beeing developed and much more efficient and cheap green power generation technologies on the brink of going main stream.
"Green tech will be bigger than the internet in 10 years" - author unknown
You are correct in everything you say laz. Except there is now enough plastic, forestry waste (Californian and Australian footrest fires due to excess forestry wood on the ground), and our rubbish which the council PAY incinerators £80-100 per tonne to dispose of.
When turning biomass into syngas its the most efficient burn, its like taking oil, heating it, cracking it in a petrochemical plant and having mmethane coming out which burns fantastic and cleanly with high cv (calorific value)
Adjust the process and you get jet fuel, from forestry waste, reducing forrest fires and reducing reliance on oil.
NOx gas (no1, no2, no3 - nitrous oxides) are something like 300x the global warming effect of co2. Methane is next at around 100.
Methane from cows and food waste, also industry and unburnt fuel in vehicles without good catalytic convertors (paladium mainly)
These two nasties are the worst then cfc's (refrigerants) then co2 is the least harmful but there is a lot lot more co2 produced than anything else.
When talking about the carbon problem its mainly co2 but the term captures all these pollutants so the carbon in the atmosphere is like saying carbon equivilant (pd equivelant in mining for example)
Biomass gasification can generate heat for housing and power and gass for cooking. The biproduct is biochar which is a natural fertiliser.
Also the co2 can be used to produce algae, andd the whole system is very clean.
Oil diesel and petrol, burn dirty, create pollution and acid rain, kill marine plants and trees.
You seeing the bigger picture yet? Hydrocarbons from oil use needs to be reduced a lot!! You know how much of the oil produced is burned just to extract, transport then process the product before it gets burned in your car engine? A frikken lot of it is that's how much.
Waste to power was useless. The money earned 'disposing' of the waste was what makes them economical, that's wwhyy we ship our trash to Europe, so they can incinerate it.
Syngas is gasification, they heat but don't burn thee waste, turn it into gas, clean it then either sell it into the gas network, burn it in a jet enjinee which turns aa generator andd all the waste heat is recovered then sold to cities to heat homes.
Traditional waste to energy IRR is 10%, similar to wind energy
EQT IRR is more than double that.
So 10 plants costing £40m each at an IRR of 25% =
£2.5Billion profit over 25 years.
So if this were Eua, a £400m capex earns £12.5Billion (500koz per year @ 50% profit = £500m perr year)
So based on this calculation of fundimentals, EQT should be worth 1/5 the value of EUA
If eua sells for £2B (70p) EQT fair value should be £400million. They are worth £30million.
That is based on 10 power plants. How many could they produce? 20? 50?
Laz you have stereotyped eqt as being part of the carbon emission carbon cap CO2 All Gore movement.
EQT are an electrical power plant manufacturer which when burning refuse derived fuel get paid to take the refuse from local councils then produce electricity. IRR for outside investment for each project is 12% (better returns than wind and solar) but for eqt who own the patents and IP rights for the most efficient syngas process on the market, the IRR is north of 20%, near or past 25% I think. They have the right to a 25% equity stake in each plant they design, build then help maintain with 25year plant life.
Let me spell it out. Lowest peer market cap. Most efficient process available. Longest run hours at 110k hours for a working unit in Spain. IRR ~25%.
EU green deal grant money.
Huge rise in electricity demand forecast for the future
Are you thinking about the same technology or company as I am?