Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@sambora
1st half is not done, so there is still time for that !
DFS have move a quarter, do not forget about Covid slowing everything
Production will start somewhere in 2023, but ramp up and qualification will delay commercial production to 2024
I’m happy with all these date.
And If the supply is in high deficit there might be some fast track around the corner.
@Malik Great interview, thank you for posting.
Keys take away for me :
EMH half way through DFS expected Q1 2022
PFS done with tin price at 22.5 against 33 spot price
EU aim 80 % local supply by 2030
-> Consensus for 300 kT LCE need by 2030 but
-> VW alone need 200 kT LCE for their 6 Giga by 2030
EIT help for grant, soft loan and off take
Construction decision, together with DFS
End of construction Q2/Q3 2023 then ramp up qualification
Start of commercial production Q1 2024
My main concern with CEZ business plan to mine to proceed lithium at cinovec is which will be the selling price from Geomet to CEZ ?
Their strong interest is to lower the sell price as much as possible to do the margin on the giga factory … and sell price or lithium are mostly private at the moment …
@mkdv
1 - I really think most of the decrease from 17ish to 12ish CAD per share on the NMG reverse split is largely due to the global sell off on junior miner that occur since early May.
2 - Since confirmation of adimition on NYSE, NMG rose 10 % yesterday and 10 % todat (so far) … and I wait for Monday
If EMH would be prime listed on NYSE … I’m sure it will gain a great attraction … even if the SP would be volatile first
Great interview of KC ;-)
- measured ressource improvement with drilling soon -> more attractive and more confident to get debt
- offtakes on discussion ABOUT Hydroxyde and/or carbonote and not spodumene … so complete value added for us (against giving spodumene only)
- Process validation and optimisation
- ESG qualification
- Listing on Nasdaq primary market to raise awareness (like Nouveau monde Graphite that will enter Nasdaq on Monday)
The current problem for Geomet/EMH/CEZ is validating the feasibility, getting the permit, getting the finance, getting offtakes.
Time will come for development but at the moment the problem is to set the production for end of 2023 and not to put our hand on another ressource we clearly do not need in the coming 10 years.
Geomet as the best part of the ressource, easier to mine and plenty of development possible to increase production.
I don’t see any value at purchasing ZNWD when the issue is to finance the first production and not to develop.
Doing so would be diluting the sp by a lot and increasing the risk by more even.
Which will come with severe decrease of price as the discount on NPV will increase with the risk increase.
Let’s do first steps first.. before thinking 10 years in advance
For once, we can notice that ASX closed @ 1.16 AUD = 64 p and Nasdaq int closed @ 0.90 = 64 p … while we closed 66-69 = 67,5 p !
Any this is not meaningful we need more information on DFS progress, off take, permit to have a substantial raise.
Thanks for this article.
The timeline stated is
DFS end of 2022
Construction decided 2023
First production 2025
This could explain why the sp has trended low because all those date are delayed against current date given on corporate presentation of EMH.
I don’t know which is correct if any
It is moving on the right path
I Keep my stocks and wait until it develop
I don’t really get it.
There are strong tailwind with constant narrative
Lithium going to be in short supply
Boom of EV in US, EU
Covid raising awareness of high risk dependance to China
Biden plan for Electric trasnition
EU Plan for Local production in battery
Raw material price on a rush
And despite all this, most/all ? Of the junior miners trade with a huge discount on NPV.
Still those NPV calculated with conservative assumption.
Are they all blind ?
Kindly find here, RK Equity Latest update on Lithium Market
https://www.linkedin.com/posts/howardklein_rk-equity-lithium-equity-update-may-2021-activity-6797536952813010944-Be9-
I don’t think CEZ will sell any share to Genfeng or any other Lithium big player and they hold 51 % of Geomet.
They might try to take over EMH to secure the whole vertical integration. But I think, they are also happy EMH looking after all the development steps.
@Finger I was under the impression they will be smart mining only the lithium/Tin/Tungstene vains, so there will be much less tailing to process and dispose in the old coal mine ?
And they want to transport from the mine to the processing/bonification plant by pipeline, so no need for a noria of trucks ? What do you think ?