Member Info for Cebo-456

Opex

Following on from my capex ramblings, the speculative Opex reveals some massive profit margins:

The Cost: Processing Mg through leaching typically runs $800–$1,200/t of metal produced.

The Margin: At a $2,500/t market price, you’re looking at a $1,300–$1,700 profit on every single tonne of Magnesium.

Following on from my previous post regarding the massive Mg in situ—speculative Capex numbers are substantial but the scale justifies it to me, and hopefully Crunch4 can double check my figures. So handle this magoosive resource like this, we're looking at a Tier-1 Hydrometallurgical Complex plant and operation.

How much - Using Canada Nickel’s Crawford as a benchmark, a large-scale Ontario operation carries an estimated Capex of US$1.5B – $2B.

Systems like Extrakt Process Solutions or HCl Leaching require specialized acid-regeneration circuits - this are bloody expensive to build, but the recovery rates and opex justify this. Existing power and road access near Hemlo could shave 15–20% off infrastructure costs compared to remote sites. Also think of tax credits for investors - Carbon-sequestering serpentinite tailings could qualify for Critical Mineral Tax Credits, potentially offsetting 30% of the build.

Bottom Line: A $2B build is a drop in the bucket against a $100B recovery scenario. If the Ni/PGE byproducts cover the Opex, the payback period is lightning-fast.

#makesggplookliketidler

Whats not mahoosive is the recovery costs if this can be pulled off.

A quick search shows that testing by Extrakt Process Solutions and others has confirmed that magnesium recovery rates from serpentinite rock are highly encouraging, ranging from 34% to over 90% (yes above 90%).

The economics are shifting the landscape for projects like Inomin Mines and Panther Metals meaning Efficient bulk-tonnage processing keeps crushing and grinding costs well below $20 per tonne.

Leaching: Advanced hydrometallurgy is estimated at below $50/tonne, a fraction of the cost of traditional Pidgeon or Electrolytic methods due to significantly lower energy requirements. By operating at lower temperatures, these projects aren't just saving on OpEx—they are paving the way for low-carbon, high-margin critical mineral production - the West need this to work badly with Federal Gov' "encouraging and facilitating" where possible.

Now crunch the maths and tell me that my enthusiasm is possibly at least partly justified. WYKYM

#moremahoosivethanggpx3

Crunch, you’re 100% right—a peak assay isn't an average grade, I totally agree. I’m definitely using the peak to highlight the blue-sky potential here. However, even if we apply a massive 'haircut' to those numbers to account for lower-grade zones, the scale remains undeniable mahoosive (going to claim and patent that word)

So Crunch, even if we drop the average grade from that 21% peak down to a conservative 12-15% (standard for many large ultramafic bodies), we’re still looking at 75–90 million tonnes of contained metal. At $2,500/t, that’s still a $180BN -220BN in-ground valuation - still mahoosive!!!!. I also have used conservative depth - likely to be at least 20-50% deeper - so even more mahoosively mahoosive than my previous post.

Seriously though - my point isn't the exact decimal place - it’s that the volume (214m intercept) combined with high-grade peaks suggests Dotted Lake has the geometry to be a Tier-1 asset. Even at half my initial estimate, it still dwarfs most junior discoveries. Plus, as you know, the 'sweetener' here is that the Nickel and PGEs could potentially offset the mining costs of the Mg.

If we are still looking at the potential at Dotted lake - we could throw in the VMS gate that has still to be discovered @ the south shore of Lampson lake 🤷‍♂️. But that for another day.

#thenextggpx3butmoremahoosive

The CEO in the interviews said he would let others run the numbers on the Magnesium at Dotted lake - so I have and they are huge and will be impossible to ignore. Based on a 4km long x 300m wide footprint and a conservative 200m depth, the scale is mahoossive (if thats even a word, if not then it should be in the dictionary - saying - see dotted lake).

The Drill Proof: Recent drilling hit a monster 214.7m intercept of magnesium-bearing rock. This thickness rivals global "Super-Projects" like Canada Nickel’s Crawford (fikin huge -google it if you need to).

The Tonnage: This scale suggests - 624 million tonnes of rock.

The Grade: With peak assays of 21.7% Mg, the body contains roughly 135 million tonnes of magnesium metal.

The Valuation: At a $2,500/t market price, the in-ground metal is worth $330BN+.

30% Recovery Scenario: If the Extrakt Process Solutions tech proves 30% recovery, the value of recovered magnesium alone would be US$100 Billion.

This doesn't even count the Nickel, Chromium, or PGEs already confirmed in the system. Dotted Lake is looking like a Tier-1 critical minerals asset sitting right in Ontario.

Hey, we don't have recovery costs etc but my calc's show that the other metals in situ could possibly cover those.

#thenextggpx3

Vet - pretty much so. But with the Tailings MRE, Drilling Wishbone, Canadian X-listing and the Dotted lake results all due in April - things are going to get meaty. Don't wait for a warning order to buy, Ground in Detail, Ground in general all looking good. IYKYK

#thenextggpx3

JP, from memory, Magrathea are looking at extracting from liquids, seawater etc. Interesting concept but more of a technology provider where as Panther potentially has a high grade hard rock mineral deposit @ dotted lake with multiple metals in the rock.

Aditionally Dotted Lake has potential for a huge VMS discovery as well.

Https://youtu.be/B90KUU6Kk98?si=4WhxNwzU8IKYF0bC

Https://www.share-talk.com/hotlist-with-zak-mir-ggp-stak-eme-eqt-ciz-amgo-cla-all-jd-palm-nfm-hex/

Https://www.share-talk.com/panther-metals-plc-lon-palm-dotted-lake-project-magnesium-recovery-testwork/

https://www.**********.com/articles/panther-begins-met-testing-on-what-could-be-huge-magnesium-opportunity-20a2bf4

The magnesium at Dotted Lake is hosted in :serpentinised peridotite" - that from the RNS matters and needs understanding by private investors - because it will be understood by the wider industry major players. Serpentinise peridotite is a type of ultramafic rock that has been altered by fluids and now contains high levels of magnesium. Unlike regular serpentine, this altered rock often contains secondary magnesium‑rich phases that are potentially easier to extract with newer low‑temperature methods rather than the high‑heat, energy‑intensive processes used in China - Albeit China is Dolomite which is still only just viable despite using cheap labour and6 year old kids and cheap dirty coal for the high enegy process - allegedly 😀) What makes Dotted Lake especially compelling is that the same ultramafic system also carries nickel, chromium, platinum group elements (PGEs such as platinum and palladium), silver, and other base metals, giving it strong multi‑commodity potential. If a viable, lower‑cost magnesium extraction route can be demonstrated, then Dotted Lake could become a very large and valuable play, because it wouldn’t just búe a magnesium deposit — it would also include significant nickel and other metals that can improve overall economics and value.

This is why Dotted lake stands head and shoulders above the many other non viable Mg serpatine deposits in North America, if they can extract the Magnesium then this will be absolutely gigantic.

Build it and they will come.

#thenextggpx3

No need for rockets - save that for AIM listed P&D companies - Panther is neither.

Fundamentals and the drill bit should have this Multibag in the short term.

The only worry here would be a hostile takeover (£50-80m) only mitigated mainly by the fact that only a few Private Investors own about 35% of the Company - with many more likely sat just below the reporting threshold. That said should the Mg testing show its recoverable and/or Wishbone show VMS in place we should be looking at many, many multiples of that.

4403

No Raise due at all. Fully funded.

The tie-up with Traxys will facilitate debt funding for the processing plant they will need to process up to $1b metals from the tailing. The testing and MRE are fully funded.

Any further funding to prove up future discoveries will come from Flow Through Shares or a JV after the Canadian CSE listing due to complete around Apr 26.

They are funded for the drilling on Wishbone that could prove up a multi Billion $ VMS systems.

The Magnesium is also on its way to America be tested from Dotted lake - if that is recoverable then that also is a multi-billion $ play.

Think of potentially GGP on steroids

#thenextggpx3

#thenextggpx3

Not much to add here that I havent already posted - but WOW

The magnesium if recoverable could be worth billions.

I have no idea how long this testing might take - anyone????

JP – I’d say 2–3 months at the most and closing. Both will hopefully multibag this year, but Panther is the superior strategic play by a country mile. With Traxys on board and infrastructure already in place @ Winston, Panther is primed to leapfrog Fulcrum to production.

With a measiky sub £7.5M market cap, Panther is roughly half the price of Fulcrum. Yet, Panther’s Winston Project already boasts multimillion-dollar infrastructure (power and roads) that Fulcrum still has to fund and build.

The Traxys "Black Swan" also gives Panther the edge : This isn't just an offtake deal; it’s a pathway to non-dilutive financing. Traxys makes Panther "bankable," allowing them to reach cash flow without the heavy share dilution typical of juniors.

Winston nearly a Plug-and-Play relative to a normal plant build which will require minimum Capex. Also by utilizing an active Mine Closure Plan and on-site power, Panther has slashed the technical and regulatory hurdles. They also benefit directly from the recovery testing (not least the Gallium) that Extrakt has already pioneered for Fulcrum.

While Fulcrum is a tailing specialist, Panther offers the same tailings exposure but also nearly "free" exposure to district-scale exploration, including the 2,000m drill program at Obonga (which will kick off in approx 4 weeks once the drill crews are finished @ Winston) and magnesium recovery at Dotted Lake - no indication given for when this will happen or how long the process will take - but if it recoverable - then there is potentially big big numbers (think $billions) of mg @ dotted lake.

As above, both companies will be winners this year, both companies share info and will benefit from the sector tailwinds, but for me, the smart money—and the majority of my "hard-earned" - is on Panther.

#thenextggpx3

Sunbeam could yet save the day - drilling about to start there.

Everything crossed.

Link not showing Spud. LSE may have deleted.

Can you repost please as this Forum and ADVFN is so below the radar in regards to info on Panther Metals, there must be somewhere that has knowlegable Panther posters and investors. Ta

#thenextGGP

For any doubt that this could be another GGP in short order - listen to the interveiw with Panther CEO.

Traxys will have one eye on Dotted Lakes Magnesium if it proves Commercial - Darren obviously couldn't say it in the interveiw (link below) - but I can - there could be worth Billions of US Dollars worth of Mg @ Dotted Lake.

Obonga could dwarf GGP Haveiron and Telfer and then the Tailings could have close to $billion metals in situ.

https://x.com/i/status/2024478337578434785