Member Info for Dcat80

I’d be surprised if not this month and suspect sooner rather than later.

Another large delayed buy popped up 450k at 3.30 just after the 150k sells at which dropped us down. Lots more buys then sells, but dropped down from hurried sellers just before needs lands! Hopefully more decent size buys continue!!

Not sure if anyone picked up on largo liking a Jangada tweet? Only about vanadium market and not our progress so don’t read too much into it! Does mean they at least have eyes on our twitter account. Anyway made me think to put down thoughts on why a strategic investment in Jangada might be option for largo

Largo are highly ambitious and see their own tio2 as key to their future plans. They’re re marketing themselves as a product solution company in vanadium and tio2 products rather than just a miner.

Our grade for tio2 is considerably better than theirs.

I guess where my heads at is if you’re going to have a strategic investor buying into the company or project then surely largo would make sense?

Give largo an ownership % in an early stage asset in the same country and commodities they deal in.

In later years they might want to try and acquire Jangada in full or at least be offtaker of the high grade tio2.

Any such investment would be based on project financials or Jorc. Not Jangada MC.

I don’t know what numbers might be. Let’s just say $10m for 10%-20% of the project.

$10m would certainly fund capex for production and a lot more drilling.

Largo would then have ownership in another project being developed in same country. If they ever need to grow/acquire there’s at least an option for them.

All just my own thoughts, but there is logic to it

Premium would be very interesting! If so I’ll certainly be running the numbers against the price yo see what implied value for our remaining stake would be then what that leaves our main focus as valued at!!

I thought he meant the MMs we’re taking cocaine!!!

Fill and kill time if you’ve a broker that allows. Market size is 30,000 shares so anything up to that they are supposed to fill at the quoted price. In short put a 30k share order in at 3.2p and MMs should have to settle unless price moved before in which case they just won’t fill. MMs obviously short of shares after the 1m if buys last Friday and are trying to keep a lid on us!!!

Fill and kill only time...these pesky MMs have been trying to stop the market for last hour....

Obviously largo a little biased, but any help but agree it’ll soon be a good time to be a producing iron/vanadium mine...

https://twitter.com/largoresources1/status/1290633264437383169?s=21

Best add I don’t think pitombeiras is going to hell!!

Certainly reason for reducing ownership in Valore and future intentions is a question whether raising in next shareholder Q&A of not answered before.

Someone else I know just suggested possible further investment into fodere.

Might see some spooked a little, but ultimately even if pitombeiras went to hell I’d still expect our holding in Valore to be significantly more than current MC in the future. Do need some rationale from the company though, can’t say we’re a happy shareholding in Valore advise we’re selling shares and then not provide the reason behind it. Hopefully all becomes clear in the news expected shortly..

Interesting. Will have to think things through. Immediate thoughts

Better than a placing at Jangada.
How quickly are shares sold when such form issued on TSX? Is it intentional to sell, but over a long period (say a year) or more sudden.
If more sudden then why? Why the urgency for cash? We spent less on drilling that planned and without reduced drilling also had cash to cover Jorc and PEA
Could capital be required to unlock other financing? For example have we agreed financing for capex required for trial mining, but require an element of equity?

If this is capital to unlock further financing that gives us a route to production then it’s great. If not why sell 5m shares in Valore? Why not sell say just 1m?

Undervalued and probably not understood at the moment, hopefully the Jorc and PEA will help in that regard. The main driver of value will as you say be a clear route to monetizing the asset.

Trial mining permits take 3-6months as per guidance fro the company in the Feb Q&A RNS. Capex for that should be low enough for offtakers to advance, or alternatively a strategic partner bought in. Both of those should be a catalyst for re-rate and are hopefully something we can expect to hear on in coming months!

Kray- 2% just as a very rough gauge seems fair. 1%-5% is range I’d usually consider if a deposit was worthy of developing with factors such as jurisdiction, economics, future of commodity and ideally someone needing your project for their own strategic reasons.

It really isn’t a great way to value a deposit, however it does at least put a rough number to something early stage. This in turn can be compared to MC and the bigger the disconnect the bigger signal were under or overvalued. Against the current MC think we can all agree there’s a lot of upside potential!

Obviously you also need to have high in ground values for a high NPV when economics are run. Think there’s a good chance we’ll manage an NPV north of a $1b, but let’s see

No probs. Obviously can’t tell whether we’ve done enough for the 40m-60k target or not, however at least with the published grades is possible to put some numbers against the target they had

Tweet chain starts here with the table as discussed shown

https://twitter.com/davidca041980/status/1289110463515693056?s=21

Using the average grades reported in the final drill assays and the Jorc target of 40m-60m tonnes I ran some numbers last night for contained metal and then value of that contained metal. Numbers based just on the iron/vanadium were eye watering to say the least. Will look to tweet on it later as can’t copy a table onto lse, however $7b to $10.6b on the 40-60m tonne range.

To put that into context $10b is equivalent to circa 5m Oz of gold/palladium at current prices!

Just added to my spreadbet bet at 2.89p and small £750 buy I had to fill and kill on. Not sure why seller has been so desperate to sell in hurry, I’m confident newsflow starts in earnest soon as per Tex recent posts and it’ll be good!

Worth also remembering they started work at new tenement end June. Might get rock/soil sample results on that confirming it’s also mineralized. Circa 70% of our main licence and company seem quite positive their exploration method is sound. From memory’s it’s only 3km away so would form part of same operation..

I think end of August is fair expectation, although I’m also hoping it’ll be sooner now all final data is in

Can’t wait for them to finally sort through their legacy shareholders that are the weak link. Their MC is a joke for assets and they have a great team. Probably a few waiting for that break out to be confirmed before jumping in/adding