Member Info for Dcat80

A quick google search of “vanadium grades” is not complicated to do. I’m case link doesn’t work you’ll find an article near the top about small caps and understanding vanadium. It’s not wrong when it states it’s more complicated than the usual hold or copper plays we probably all have some experience of. It’ll help get you started on your own research though. Mainly what’s the waste ore, grade in magnetite and very importantly the process used.

Have a read through that and in need be ask questions. I know Swizz from outside lse and he’s a good guy, but there is absolutely no substitute or excuse not to do your own research!

https://smallcaps.com.au/investors-guide-understanding-vanadium-deposits/

Next step is proving up a resource from more than 346mbof drilling. This in turn will lead to a PEA bring possible

Next Steps
The Technical Report stated that the actual exploration results are favourable and indicate that the Pitombeiras Vanadium Project is a property of merit that can be quickly developed to define JORC-compliant Mineral Resources/Reserves which will support the elaboration of a Preliminary Economic Assessment (PEA) in a short period of time.

Based on the encouraging results of the JORC Compliant technical report, the Company is currently devising an exploration and development plan to substantially progress Pitombeiras over the coming months. The Company is fully funded for the completion of this programme and anticipates releasing details of this programme, including a timeline for completion, in late October.

Lmoil- should already have 22m Valore shares and due another 3m to total 25m. Cash sounds about right.ju

PW is awaiting a CPR not a PEA, it’s extremely early days - think only 300m drilled so too early to be able put a value to it, however target size, near surface and grades from samples are certainly promising. If you check Valores website you’ll see the CPR they produced for PB. This should give you a feel for what’s to come, but with hardly any exploration work commented on.

If you’ve not come across it yet then we’ll worth reading the below. It’s a really well written article about Valore and the history of PB.

https://www.thehedgelesshorseman.com/horsemans-portfolio/new-top-3-holding-valore-metals-vo-v/

ValOre Provides Pedra Branca Update

Vancouver, B.C. ValOre Metals Corp. (TSX-V: VO) ("ValOre") today provided an update on exploration activities related to the Pedra Branca Project located in Brazil.

The Pedra Branca Project is a Platinum Group Metals (“PGM”) District located in northeastern Brazil covering a total area of 38,940 hectares (96,223 acres) that includes 38 exploration licenses. The independent NI 43-101 resource estimate (See ValOre news release July 23, 2019) is comprised of 5 distinct deposit areas which host, in aggregate, an inferred resource of 1,067,000 ounces PGM+Gold (Palladium, Platinum and Gold; Pd, Pt+Au) in 27.2 million tonnes (“Mt”) grading 1.22 grams PGM+Gold per tonne (“g PGM+Au/t”). PGM mineralization outcrops at surface and all of the known inferred resources are potentially mineable by open pit methods.

ValOre’s Chairman and CEO, Jim Paterson commented: “ValOre’s efforts to maximize the tremendous database generated by previous owners of the Pedra Branca PGM Project began prior to the August 2019 closing of our acquisition and as we learn more, our excitement level for the project grows by the day. We’ll announce our 2020 exploration plans once we’ve assessed results from our initial on-site exploration visit conducted in October together with the additional knowledge gained from our review of the historical exploration activities.”

Please visit ValOre’s website to view an updated corporate presentation and project summary: http://www.valoremetals.com/investors/presentations-downloads/

ValOre is currently leveraging the considerable existing project database to: generate targets to expand known inferred PGM resources; upgrade targets having known PGM-mineralization; and make new “greenfields” discoveries:

Ground-truthing: a comprehensive review of the database has resulted in the identification of approximately 100 historical trenches excavated by previous exploration groups; an increased understanding of geology and PGM mineralization; and thus more confidence in potential opportunities to expand known resources and make new discoveries.
WorldView: acquisition of enhanced and modeled digital satellite imagery from the highest resolution commercial satellite in the world, focused on supporting exploration fieldwork with mineral modeling targeted to define host ultramafic intrusions, as well as providing high-spatial resolution true-color imagery for the project area.
Geophysics: re-processing the district-scale, detailed (50 m line-spacing) 2013 aeromagnetic survey collected by Anglo American by means of a 3D magnetic-susceptibility model to help define the geometry, dip and approximate dimensions of the target ultramafic intrusions. High-priority target areas have been selected for subsequent detailed 3D inversion modelling to further refine drill targeting.
HIVE: consultancy performing a full drillhole database verification program and supporting ValOre in the development and refinement of

DS - I’m really not trying to! Just worry we might wear out Swizz and his patience. like all I appreciate his posts.

Mark Ward still holds, company have never actually listed him under the significant holders section which is just sloppy. However If you look on the significant shareholders section of their website you’ll see it notes 4 people that hold over 3% of the company. Brian and Luis being 2 of those 4. Then you’ve Matthew Woods holding 47m and Mark summer 15m.

We might get a TR1 notification showing reduction in the holding of either Mark or Matthews.

The only other likely scenarios I could think of are either it’s shares the MMs accumulated in the sell off or 2 holders both holding near 3% each, but connected enough that today’s transaction could occur st same time.

Hope that helps, but as I say first port of call when such a large % is transferred is companies site for significant holders

DS - 12m shares is well over the 3% notifiable interest. Check the company website for significant holders. Mark ward is no longer listed there, however having been in contact with him I know that’s incorrect and he still has his shares. Not trying to be unhelpful, but you know the saying teach a man to fish....

Palladium lease rates rising again. Could be a sign that palladium price breakout has legs. Tweet thread worth a read

https://twitter.com/realdavidjensen/status/1176508415574593537?s=21

Cobalt also jumped 12.5% last Friday and is now sitting circa $35k per tonne from $25k per tonne in July

GC - the deal makes no sense to me, if it was say North American Palladium I could see the connect, but a small cap Canadian company with uranium interest is just puzzling and raises a number of questions that lead to concerns. I’ve found reference to Valore being part of the discovery group, but information on this is sketchy. No clear signs of the rationale behind the deal. It leaves far too many questions.

Where you are quite clearly wrong is the 4.1m reference. RNS shows that figure with a sterling sign in front. In addition the CPR reference within the section of rationale for proposed transaction.

Lots to be angry and frustrated about today, but if yours going to vent it might as well be directed at the timing of this deal and the apparent lack of rationale behind this tie up.

“AMCU will continue its campaign of social justice and economic emancipation of the working class,” AMCU President Joseph Mathunjwa said at the April conference.

“Workers cannot be screaming for minimal profits for their pockets (otherwise) they will have no jobs in five years,” Lonmin chief executive Ben Magara told Reuters in London.
Few recent quotes.
“We expect another tough round of negotiations,” Amplats spokeswoman Jana Marais said. “Our employees’ disposable income has been under increasing pressure.”

“Don’t try to force our hand with a threat of a strike, because quite honestly we will take a strike,” Sibanye CEO Neal Froneman said in an interview in Johannesburg. “We are not intimidated by those types of things.” 

Looks like the mining master plan is in place just at the right time for foreign investment.,If pension reforms are passed Brazil could see massive foreign investment with $100billion being discussed. Compare that sentiment with S Africa (power and labour issues) and it appears all the cards could be coming together for Jangada

https://uk.reuters.com/article/us-brazil-economy-investment-analysis/brazil-pension-overhaul-could-turn-foreign-investment-flow-into-deluge-idUKKCN1SF1MC

Good interview by Jim Gallagher the ceo of North American palladium. Between about 5minutes - 25minutes he covers the general palladium market.

https://www.northernminer.com/news/the-northern-miner-podcast-episode-136-palladiums-stellar-rise-ft-nap-ceo-jim-gallagher/1003806133/

GC agreed. Only when the BFS brings together all data available or an RNS with a streaming deal spelling out the value will most PIs jump in. Most are just too lazy to research. SP in the last few months has been a gift for those happy to take time out reviewing not just the company presentation, but RNS history and the sector as a whole.

Where the company falls down is on the basics. I hate page 6 of the current presentation where it shows the reduced capex and increased resource of 75m tonnes under the PEA heading - that’s just an own goal! No comment on where the project stacks up in cost per oz against current mines, or just how big the vanadium target is (most PIs don’t understand the tonnage a 2km by 1km deposit with 20 depth is).

Potential here is huge, but that isn’t exactly well communicated. Great if you like to a puzzle, not so great if you’re the average lazy AIM investor (or shall we say trader...)

Ouch, asking Swizz if he’s part of Jan PR team!Top of GCs list should have been the poor PR from the company. Swizz puts much more effort in and is very friendly well researched PI who has certainly helped me whilst starting my own research.

Covers a few of the comments I’ve banged on about potential supply issues from S Africa as well as the demand

http://marketoracle.co.uk/Article64641.html

Desert star - the 1bt is correct, has a couple of beers between my original post and providing the calcs to you last night! Depth is 200m not 20m as per my original message and the 5th Feb RNS.

1000m x2000mx 200m= 400m cubic metres. At 2.5 gravity density it’s a 1 billion tonne deposit.

Sure. The size of the target is 1km wide, by 2km length with a depth of 20m - basically 400,000 cubic metres. Each cubic metre weighs about 2.5tonnes target body is about billion tonnes. Got the grade wrong, it’s actually 0.57% not 0.59% as per 11th March RNS.

With a 1km by 2km by 200 metre target area Jan has a 1bt target for the vanadium deposit. At 0.59% that’s over $160billion worth of vanadium. If just 10% of the target contains that grade it’s $16billion. Not sure on vanadium deposit takeover prices but expect those with good economics would command at least 1% of the metal value ie on the 10%/$16b scenario a $160m takeover price. Huge potential!

Interesting to see the announcement Wes****er Resources are drilling their vanadium target with grades between 0.15% and 0.45% today. As a reminder the initial results from our 300m averaged 0.59%...

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1881-nasdaq/wwr/60547-wes****er-resources-announces-exploration-plan-to-confirm-vanadium-discovery.html

Big hint a comment will be included in the metallurgical results which are due. It’s rare, but at current value a small amount can be valuable and well it’s a brucey bonus so anything will be a result