Member Info for Cacher

Presentation today on eSmart Networks. 11.30am on the Investor Meet Company website.

Good podcast from Simon at eSmart Networks on the EV charging bill

https://twitter.com/simoncgallagher/status/1508365885047717892?t=fxPMVMsLz2-S2CogXd9-eg&s=19

Absolutely agree the dividend won't be compromised. Quite clear the company are well ahead of their projected debt reduction - though for most royalty and streamers it isn't a problem continually refinancing as cashflow builds and diversifies through further acquisitions. For me the focus in the near term is Piaui going into pilot production sometime in May. APF have the option to increase their GRR on the nickel/cobalt asset for up to $70m. I'm sure Marc is quite keen to ensure Piaui goes a long way to replacing Kestrel as that begins to run off.

Mantos already looking at another expansion - even though this current expansion isn't fully operational yet. That is great news for APF as any increase in production or expansion comes for free. Osisko, who have a stream on the silver production at Mantos are projecting a 60-70% uplift over the next FY

Hi Zebbo,
I'd personally like to see the company continue to divert all funds to securing further deals. I think it's vital that they take this opportunity to focus on growth, add to the immediate cashflow and of course build a pipeline where ounces received are replaced organically over time.
Cashflow will be materially higher when Thacker Pass comes online. I wouldn't be surprised if that's the point where shareholders start to enjoy some initial distribution. Ultimately any dividend needs to be sustainable, with the ability to grow it over time. We're not there yet, but I don't have any problem visualising a time in the not too distant future where TRR is a good growth and income play.

So here's the Tamesis figures:
"We generate a post-tax NPV5 for the offtake of US$6.4million (or 1.6pps) - an effective 1.7x return vs the purchase price, and an IRR of 20% for the Sugar Zone offtake. We estimate that it will generate an average of c. US$0.8-0.9 million in annual pre-tax revenues until mid-2033 with pre-tax receipts totalling c. US$9.4 million of the life of the contract. "

Thanks to PaulNormanSmith below for the link. Would be good to know if that is indeed our Chairman helping us out with links :)

I use CEO.CA. It's more Canada focused, but does cover US too. Good chat - especially for the North American royalty companies

Yes agreed Spindok. I do think our patience will be well rewarded here. I see that eSmart have started their own weekly podcast. Mainly targeted to those within the industry, but it's a good insight nevertheless.
The Investor Meet Company presentation on March 29th should be interesting

Rapid growth over the last quarter and exceptionally strong order book...
https://www.linkedin.com/posts/esmart-networks_qs-commercialmanager-permanant-activity-6894976496268894208-Jk7g

#BRN is pleased to report that the first leach pad modules are now complete and will receive ore this week to stack the first module.
#mining #nickel #cobalt $BRN https://t.co/OmGnUO4PnL

Excellent news. Another asset into production, and this one a royalty where they sourced and wrote themselves. Excellent progress, at a time when commodities are running very hot

Good to hear MS. TRR, Sandstorm, Osisko all key long term holds for me. Good reasons for parking money in well diversified royalty companies increase by the day!

Yes I'm looking forward to the company detailing Piaui's move towards small scale production. I think the market largely overlooks BRN (and the exposure APF has) as it's not a public entity and thus not required to report updates - but significant US government involvement, and Piaui's ability to supply the EV/battery markets will certainly garner interest going forward

Excellent news that the permits have been granted. It's a shame however that the federal court appeal seems like it's going to drag on a bit.

https://youtu.be/pVazagJ3gkY
Trident presenting from 25 mins

Here's the presentation from Tuesday:
https://ukinvestormagazine.co.uk/trident-royalties-investor-presentation-february-2022/

It's variable too - depending on the prevailing years production. So in 2021 Sandstorm have received 31% of the gold produced on an adjusted basis at zero cost to Sandstorm. The figures are in the most recent Sandstorm annual report

Will certainly look forward to Thacker Pass getting the okay, fingers crossed!
In the meantime, and with cashflow in mind - gold is looking fantastic.

Tweet from BRN:
"Substantial progress was made with the construction of the #PNP1000 site by the end of January, at almost 84% complete. The awarding of an Operating License for #BRN in the Q4 21 was also great news, which keeps the Company on track for planned first #nickel production"
https://t.co/0PGT4xsTKy

https://twitter.com/TridentPlc/status/1493522165257445379?t=WuKf4Ectrgg-uh6_zMwVjw&s=19

Registration link within the tweet above