Member Info for ChameleonMan

Anyone done the sums on how much Moz has cost to date? Would like to think that we could get back a multiple of our costs as per the agreement with Rio Tinto?

I’m focusing on the partnership of battery maker, Northvolt, refiner GALP, and SAV. It’s still not explicit but it’s as good as in the bag. Northvolt is being funded to be THE European battery maker to supply the European auto industry, currently in transition from ICE to EVs. GALP will have at least 50% of our output with the option for more if they take more than 10% share of the company. When the above is announced you may see your 12p again!

I’ve just bought in today, not concerned about the short-term but liking the diversification in projects and the opportunity to focus on the winners. Long term hold for me.

Thanks for the link Marco. Anyone else having trouble finding a good pure cobalt play?

Many thanks ATD! You have gone above and beyond. Looks like it will continue the steady rise since April before re-rating. I will start feeding cash in. Much obliged!

Thanks for the link DJ.

Thanks ATD but don’t go to too much trouble as I will do my own research. I just thought there might be a key review that I could get started with.

Hi ATD, wondering if I should be invested in HZM reading your comments. I’m in ARCM in a big way and ORR in a small way but never got round to this one. Is there a useful summary like a broker’s note or equivalent available?

SAV has all of that plus a heads of agreement with GALP to buy 50% offtake. Plus it owns 100% of the project. Will SAV grow your investment over the next year? Confirmation of environmental approval (due soon) should drive the SP for one.
You don’t have to just support one junior miner like it was a soccer team! I’m also invested in EMH, ZNWD and BCN but the core of my holding is in SAV and will stay there. I’ve done very well out of EMH (3X return) but I feel it is more fully-valued than the others.

EMH is now up 17.65% on the day. I don’t think it will be long before SAV for one also appears on the radar of the Reddit investor community? If ever there was a good time .....?

And you are blocked for the first 10 days posting so it’s a post a day now......

I’ve joined and started with a post on the same EMH discussion so not sure what to expect. Seems like a huge volume of replies to the original post which shows that there is a big audience of willing investors. Some are wary of AIM I note which maybe underlines the value of a Nasdaq listing?

I have to confess I don’t know much about Reddit but it would appear a post can be very effective? EMH flying this morning on no news other than this post: https://www.reddit.com/r/pennystocks/comments/lfargh/european_metals_erpnf_speculating_on_europes/
Click on the “more” button to see the full post.
Maybe we ought to cobble something together for SAV on the back of this?

Could be captioned “protest groups have their backs against the wall”?
Have no argument with them wanting more visibility of the cogitations of Portugal. Would benefit shareholders too!

Linking EMH and SAV with Tesla European Lithium supply.

https://seekingalpha.com/article/4404009-todays-tesla-share-price-fully-values-2025-future

Very few trades listed on there I see. However I am reminded that EMH was listed there before listing on the Nasdaq with a spectacular rise.

Sounds feasible. They would hardly appoint him to advise them to carry on as you are? By the way my late night calculations ignored our ownership % currently standing at 20% I believe? That would make our project share NPV ~ $80m or 7p on the SP.

If that’s the case we can only speculate what the sale price for Moz might be for an asset with an NPV of $400 million plus.

Hi IB, according to the Interim Report in October, it sounds like something is happening?
“ Work on the project accelerated to ensure compliance with the requirements of the new licences and to re-activate the Pre-Feasibility Study”.

Well, the last scoping study was done in May 2017 and as you know a PFS is underway which should revise that valuation. In 2017 some valuations were given on a range of low - high ilmenite prices, the highest being $222/T. At that level the project value was estimated at a pre-tax NPV (10% discount rate) of $335M.
The good news is that by 2020, ilmenite prices exceeded the higher expectation with Moz neighbour Kenmare reporting an average $269/ton sale price. That’s an increase of 22%! Now you could apply that to the earlier valuation and get $409m but costs don’t increase with sale prices so you could be looking at a much higher valuation!
However even at ~$400m, that’s 6-7 times our current Capex or if you prefer about 34p added to the current SP.
My calculations of course but you get an impression of the potential scale of the project. Also when material prices reach certain thresholds, they tend to reawaken projects that were previously lying dormant. Perhaps the sleeping giant is about to stir?