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another increase in price -plus 2.7% today

DD I was not suggesting that KDNC should accept £20m. To me it just confirms that KDNC is very undervalued

£20m for Sonora is small change to Ganfeng.

WHI placed a value on KDNC's share of Sonora in Sept 2019 of £21m.
Lithium has increased in value since thet date.

up 3%

Lithium price hits ‘ludicrous mode’ as battery metal extends 400% gain

2021-12-29 Announcement of Execution of Binding Bank Settlement Agreement enabling Cadence to take 20% ownership of the mine operated by DEV Mineração (in judicial recovery) for $2.5m which is already in escrow.

Outstanding creditors reduced from $231m to $103m with secured creditors to be payed over 2 years with net profits from existing stockpiles.

The parties are now completing and filing the required contractual and regulatory documentation which is expected to be complete in February.

Cadence is already working on raising its stake from 20% to 27% and Cadence has a first right of refusal to own 49% of the company expected to occur in H2/22 or H1/23.

Management team meeting weekly with the Amapá government to ensure the success of the project.

W H Ireland go on to say in September 2019 " in the short term the focus will be on Amapa and Cinovec where the Cadence investment partners are on a clear path to demonstrating the economic viability of the projects.Taking but one example- if we unconstrained our risk rating for Amapa and Cinovec our fair value for Cadence would rise from /sh."44p/sh to 165p/sh.

Although the latest developments at Cinovec adds tremendous value to a publicly-traded holding of Cadence’s portfolio, their flagship project is the Amapa Iron Ore project which has targets to produce $725 million iron ore per annum.

Cadence Minerals has additional exposure to lithium at the Sonora mine operated by Bacanora Minerals, as well as interest in Northern and Western Australia.

and HAS up 14.6%

The value of KDNC becomes more and more ridiculous.
There has only been postive news. The Amapa deal is just waiting for a rubber stamp from Courts which reopen tomorrow. The prices of of iron ore and lithium are increasing. Irelands has placed a value of 44p on shares.

18-Jan-22 16:06:00 26.80 100,000 Buy* 26.00 27.00 26.80k O

Up 2.7%

Well reading worth this link. A very good appraisal of KDNC

https://www.reddit.com/r/CadenceMinerals/comments/rugni1/due_diligence_lsekdnc_cadence_minerals/

Top 5 lithium pure play producers with the biggest expansion plans

Ganfeng Lithium [SHE:002460] [HK: 1772] (OTC:GNENF) - Price = CNY 128.63

Ganfeng Lithium plan to expand their lithium carbonate equivalent ("LCE") production from 54,312 tpa in 2020 to 200,000 tpa in 2025, or a roughly 4x increase, and then to 600,000 tpa by about 2030 (long term target). Wow!

Ganfeng has been the most active buyer of global lithium assets the past 5 years, so certainly has the assets to be able to meet this incredible expansion plan.

Some of their largest deals included accumulating 50% of the Mt Marion Lithium Project (JV with Mineral Resources), 51% of Lithium Americas [TSX:LAC] (LAC) Cauchari-Olaroz Lithium Project, 100% acquisition of Bacanora Lithium who own the Sonora Lithium Project, 100% acquisition of International Lithium Corp.'s [TSXV:ILC] (ILHMF) Mariana Project, and 35% of Arena Minerals' [TSXV:AN] (OTCPK:AMRZF) Sal de la Puna Project.

Looking ahead to Ganfeng's expansion plans for this decade they are truly incredible and unparalleled.

On June 11 Mining.com reported:

The Chinese company in March announced an ambitious plan to increase its lithium production capacity roughly fivefold to 600,000 tonnes of lithium carbonate equivalent a year.

On September 18, 2021 Breakinglatest.news reported:

Ganfeng Lithium: The company plans to form a lithium product supply capacity with a total annual output of not less than 200,000 tons of LCE by 2025]. Ganfeng Lithium (002460.SZ) stated on the investor interactive platform on September 18, The company plans to form a lithium product supply capacity with a total annual output of not less than 200,000 tons of LCE by 2025, which will include lithium extraction from ore, lithium extraction from brine, and lithium extraction from clay. The company is optimistic about the longer-term global development of the lithium market. In the future, it will form a lithium product supply capacity of no less than 600,000 tons of LCE, and a more competitive lithium resource project reserve that matches it. (Daily Economic News).

Ganfeng's current market cap is US$27.3b. Current consensus is a 'buy' with an analyst's consensus price target of CNY 215.10, representing 67% upside. I rate Ganfeng an accumulate.

Ganfeng Lithium: The company plans to form a lithium product supply capacity with a total annual output of not less than 200,000 tons of LCE by 2025
Ganfeng Lithium - Massive Lithium Assets And Long Term Lithium & Battery Production Plans

Part of an article by Seeking Alpha.

A massive boost to Cadence's potential sale price of the Bacanora JV.

I don't post on LSE, so if someone could post it for me I'm sure EV and the others would enjoy it.

Mike. It is on Brand Communications websitew dated Jan 14th
https://www.branduk.net/cadence-minerals-kdnc-project-updates-corporate-update-and-company-presentation-and-qa/

EVBull.
I thought NPV8 meant that the eventual NPV was discounted at 8% pa for each year to completion.

Cadence Minerals #KDNC – Project Updates, Corporate Update and Company Presentation and Q&A (branduk.net)

Cadence Minerals (KDNC) provided a series of project updates. The company said that the filing of the contractual and regulatory documentation pertaining to the Amapa bank settlement agreement is proceeding as planned. Work has already started on the next investment phase to take Cadence up to 27% ownership of Amapa. With regard to the Litchfield and Picasso option with Castillo, KDNC sees the unwinding of this option agreement as an opportunity for Cadence to extract a higher valuation for these prospective assets.