Member Info for Andii

Emissions back up a little bit, 15.87 which is a new all time high. TAO up a little bit too from this mornings lows. $320 per coin

Was 15.78 and $306 at 6am

Because the trading volume slowed down

Same happened last sunday night/Monday morning

https://ibb.co/BKrtx11T

Oh - missed that bit!!

Chineese partner maybe have a plug and play containerised offering and were happy with their own metalurgical testing?

Glad you now have an interest. Maybe you can ask some questions at the next Q&A

Https://x.com/RKEquityRocks/status/1930603048788713748?t=pwUAPkfyXLFhbl_N_0WZ8A&s=19

Where does it give a time frame for commissioning?

"· Formal documentation of the Joint Venture is expected to be completed in the current quarter and work anticipated to commence on the Lithium Sulphate Plant in H1 2025"

Work anticipated to commence can mean many things. Commissioning is the last phase of a project not the first or second.

Https://x.com/0xPrismatic/status/1935302228493090850?t=cWCN_RAleMZ6bX3Tt26eAQ&s=19

"The thesis for these companies is simple: TAO is scarce, programmable, and productive. It’s the native asset of decentralized intelligence.

This won’t be the last. We’re watching the start of a public market land grab for crypto AI infrastructure."

***

How many companies out there own two subnets on TAO?

Buk, I know you are quite far out of the loop so I will humour you.

Marula initially had access to about £6m of extra development cash which has now been written off and the subscription agreement with AUO cancelled. The plus side? Much less dilution. The down side? We are 6 mo the or so behind and having to put projects in the slow lane.

Blesberg has been extended from 5ha to 1000hectates and from a 2 year mining licence to a 30 year mining licence.

Also, the JV partner is now being referred to in RNS as Korean and not chineese so there appears to be at least two parties in the mix to become the JV partner.

Marula on the shoestring budget unfortunately have to progress slowly. The first JV RNS was in October 2024. Blesberg was disulcussed at length in the 2 hour Q&A which was subsequently RNS'd

9 months for a JV to not yet be signed whilst funds are being managed very closely and other projects take priority comes as no shock to me. I am not expecting the JV to be signed in the next few months until steady operations are underway at Kilifi

Wrong link sorry

Subnet 107

https://taostats.io/subnets/107/chart

Globe >> tiger invest homepage

Compare this to tigers current subnet 107

https://taostats.io/subnets/126/chart

Click the globe top right

Directs you to tigers homepage

So that's two subnets now

Hi Trek

Here is the homepage for subnet 126

https://taostats.io/subnets/126/chart

Click on the globe icon top left of the page which takes you to the subnet owners Web page

Now it's not working properly but brings up a java script type webpage, and all over the script you will notice "tiger investments" " Royalties and Investments Plc"

So the TAO subnet stats home page has a link to Tiger resources through the globe icon

And the TAO coin twitter page also included a link to tigerinvest.com (the TIR homepage)

High volume low cost brine

High grade low cost processing of lithium spodumene stockpiles

High value low capex (through JV) lithium carbonate/sulphate operation

Lithium is certainly not dead, and Marula are aiming to be a low cost producer which means they can weather any price fluctuations (we are in a significant dip in lithium spot prices right now)

Marula have high grade lithium available in stockpiles. Around 50kt just waiting to be sorted through the Tomra and Rados

Supplementing the stockpiles will be a lithium sulphate plant producing battery grade lithium salts through a JV with a korean or chineese battery minerals processor

https://www.lse.co.uk/rns/MARU.PL/blesberg-update-proposed-jv-issue-of-equity-hmrtgiql6mn70lj.html

"The proposed Joint Venture is planned in respect to the commissioning, financing, and operation of a lithium acid leaching plant to produce an intermediate lithium product for use in the manufacture of lithium batteries and other high value lithium products.

Discussions have been ongoing between the parties for the past several months, extensive testwork has been undertaken in China on material produced from Blesberg and detailed engineering and process design work has also been completed along with detailed operating and capital costs reviews and economic analyses for the operation of a lithium acid leaching processing plant ("Lithium Sulphate Plant"). The Company expects the Joint Venture documentation to be formally completed in Q4 2024, with the plant anticipated to be commissioned in H2 2025, and sales of a high-value lithium sulphate to follow."

We also now have a stake in a lithium brine project

https://www.lse.co.uk/rns/MARU.PL/due-diligence-completion-on-lithium-brine-project-uuddlt02yh8q8uv.html

Fre1

https://taostats.io/subnets

list of subnets at the bottom, organise by emissions (daily TAO tokens awarded for the activity on the subnet

50th by emissions is Desearch

https://taostats.io/subnets/22/chart

They are earning 25TAO per day (emissions / day T25.33)

A TAO is worth $316 (top right of the page)

That means the top 50th subnet by emissions is making $2.88m/year

#50 subnet currently making 25TAO per day at $310 = $2.8m revenue per year

#25 subnet making 66TAO per day so $7.47 revenue per year

I would think Bixby would be aiming for both subnets to be in the top 25

Trek, ask char GPT about subnet 126 ?

Notice tigerinvest.com mentioned in the tweet about the new subnet tiger beta

https://x.com/taoportal/status/1937077037111337179?s=46&t=nT7VcP2InThhIMBlFlKSAw

"Only one subnet can be created per every 7,200 blocks, which amounts to roughly one subnet per day (with ~12 sec block time).

After registering, your subnet is inactive for 7 × 7,200 blocks (~1 week), during which it won’t receive emissions."

So Tiger/Bixby will now own two subnets.

The Tiger Aplha subnet was first registered 14th may and RNS'd 9th may and 14th may. RNS to follow soon?

Can both subnets hit top 50?

Also something that Kev from the Sunday roast said on telegram Sunday after speaking to Bixby, said that they are looking at acquiring another subnet

Https://taostats.io/subnets/126/chart

Could this be a second subnet owned by Tiger?? Registered today 23rd June

NMH21

https://taostats.io/subnets/107/chart

See the graph about a 3rd of the way down the page, and notice the volume. It tailed off last sunday (15th june) then recovered Monday midnight. Looks like it is doing similar this week.

If you also compare TAO vs BTC over the past 7 days, the trends compare although TAOnis more volatile

https://coinmarketcap.com/currencies/bittensor/ (click compare at the bottom and add bitcoin, change the scale to 7 days)

BTC and TAO have kicked up overnight

We are still at around $1.4m TAO per year including the 20% reduction for TAO Alpha to maintain the subnet for us. At the close of trading Friday, that was nearer $900k

When Tiger announced $850k revenue for the subnet last week, they were only multiplying the TAO price by the emissions. I am subtracting the 20% fee in my sums so should we just measure subnet revenue, it is currently at $1.775m and could kick up if TAO price improves again in line with BTC

TAO is still.sitting at #32 on the crypto leaderboard so it's relative position hasn't been lost compared to other cryptos despite falling from $450 high last week to $309 now

Here is a link to the subnet stats, Tigers 100% owned subnet

https://taostats.io/subnets/107/chart