Member Info for ChameleonMan

Indeed! Will be interesting to see if any competitive bids emerge? Meanwhile Sothern Copper are quoted as showing interest in BCN’s Sonora Lithium project. These large diversified mineral resources companies want ownership of lithium assets and don’t have to pay much at the moment to obtain them.

Would be hilarious if we had been given permission this month on our plot but no one at SAV had bothered to check! I would have thought the permission, even in the absence of a “certificado”, would be worthy of an update of some sort? Maybe someone would like to get back to DA to get some clarity on this?

I think that is the general view now but can you say that Mozambique has been any more fruitful to date? Certainly more potential value there but it has continued to be a severe test of patience.

Nothing sinister, just a new investor onboard but shows there is plenty of interest in funding copper mining in Oman at a reasonable interest rate.

I note that Alara have asked for a voluntary suspension pending an announcement about project finance.

One of the biggest problems in getting into production is the difficulty of obtaining finance on the right terms ( just ask BCN shareholders!). Money chasing Lithium plots in Portugal could potentially be accessed to fund us into production. Remember the stated aims of Fortesque in Portugal? Big bucks for elephant hunting? Yes an auction means the highest bidder wins and we may be priced out of obtaining further areas but it will only serve to drive the value of the young elephant we already have, up? Also these big players like Fortescue, may also decide that a JV (or purchase) with SAV represents better value? We are undervalued at the moment but I don’t see that lasting too long!

Agreed, this will bring a huge international focus to Portugal as an upcoming lithium powerhouse and the scramble for licences can only benefit the value of companies who already have one. I expect the winners or losers in the auctions to want to partner with us for a head start in the race to production.

Have you heard the one about the man who found a fiver but cried over losing 2p? That’s the most Oman is worth to us ( check out Iceberg’s and Trisse’s estimates?). I have not been a fan of The Oman purchase from the off and took a lot of abuse on here years ago when I found the previous owner, Gentor’s , report and pointed out that they had got nowhere with it. However I’ve come to view it like a warm-up act for the main event. Whether it is a poor act or not gets forgotten when the main performance (Portugal) gets underway. Using it as a stick to beat DA is unproductive and detracts from our main goal. It will likely get sold to Alara soon enough and that will be the end of it?

https://electrek.co/2019/04/24/tesla-factory-germany/
Would play more into BCN’s Zinnwald mine perhaps but another link in European Lithium demand if it happens?

For sure but in the context of growth in demand for lithium batteries, cleaning up city air pollution is a key driver. Look what’s happening with the London congestion zone charges, penalising all but the cleanest vehicles? I have been driving a diesel for years as they were at the time of purchase thought less polluting than petrol and taxed accordingly. When SAV comes good I will trade it in for an EV for the obvious benefits. At the moment it is a choice but in years to come it will no doubt become mandatory. Demand for lithium will stretch production and spodumene prices should rise in tandem. Joining up the supply chain is a key focus of the EU battery alliance and I’m reassured that SAV is a member.

Article in the economist: https://www.google.co.uk/amp/s/amp.economist.com/business/2019/04/17/big-carmakers-are-placing-vast-bets-on-electric-vehicles
“One in five cars in China to be electric” etc.

A couple of points not discussed in this article:
1) the drive to improve air quality in cities primarily requires reduced emissions from vehicle exhaust pipes. If the main CO2 impacts for battery production are located in mines and factories outside cities then the city air quality is not affected.
2) diesel cars emit significantly higher levels of other air pollutants, especially nitrogen oxides (NOx) and particulates.
So I don’t see this paper saving the diesel I’m afraid?

So just to make sure I’ve got this right, you see a potential SP increase of 7.5 p in the next 12 months on top of the current price? That is made up of : 5 p for Portugal based on more resource declared, an offtake deal and funding agreed; 1.5p for Moz based on PFS and License obtained; 0.5p for Oman, based on something ( anything) happening?
Then you see a long term final SP of about 29p based on the current price of 6p: production in Portugal of 21p NPV ; production in Moz of 1.3p; and zero for Oman ( presumably you assumes it’s not going into production?).

.... the original, by the way, looked a bit like elephant country?

Yep it’s amazing what a new logo design can do to perceived values!

As long as the “V” sign isn’t a gesture to investors, I’m happy!!

Just a little confident buying has moved the price up considerably.

... although I would have been happier if it had been listed under “advanced exploration projects” rather than “Studies”? https://www.riotinto.com/documents/190416_Rio_Tinto_releases_first_quarter_production_results.pdf

Mission accomplished! BTW, as an EV convert you may take a smug pleasure in reading the latest CO2 impact statement from Tesla. https://electrek.co/2019/04/15/tesla-impact-report/
Saving the planet and driving free in central London - EVs are the gift that keep on giving!

I dare say the 60 day offer applies to “ brand new customers only”? Our application has already been acknowledged and processed under the previous system. “Licence application proceeding smoothly - watch this space!” .