Member Info for Dicko80

New here, but when carrying out DD I noticed on battery nickel website it states DSO operations to commence shortly @ Mambare

https://www.batterynickel.com/

Does anyone know if this website is kept updated ?

Apologises no pun intended …

my wife’s fault that ..

“FFS”

“dumpster”

Not sure if reported previously , apologises if so but we have a mining licence number for Mambare

ML 530

Cheers

Tends to be all about timing with these AIM stocks and as alluded to by mcfcnige yesterday I think we are in for a busy last quarter

Lots of news flow

Hi Torreaguas

Yes I’ve acquired 2.2m, will look to add more

Hi everyone

Just carrying out some initial research

CRCL look to have a lot going for a mkt cap £5m, with a lot of near term catalyst to close the gap to valuation of assets

( 19.35p - latest in July)
http://www.alignresearch.co.uk/wp-content/uploads/2021/07/Corcel_Update_Align_Research_July_2021.pdf

1) confirmation of 100% ownership of the Wowo gap nickel project ,

125mt nickel @ 1.06%

Valued in 2009 @ $168m

Maybe Friday this week for confirmation

2) FGS - avonmouth financial closure
Potential kickback £1.5m and free carry

3) FGS - trinity rd financial closure
Potential kickback £0.6m and free carry

4) FFS - Burwell
Confirmation proceeding to “shovel ready “
Financial closure there after
Potential kick back £1.5m and free carry again

5) PNG mining licence - 20/25 years opens up DSO operation to supply to China
Opens potential JV with big players
Only 3% explored @ Mambare current indicated and inferred resource of 162MT @ 0.94%nickel
Huge project and tied in with Wowo gap offers considerable upside from current levels , 2 large scale nickel projects

6) dumpster vanadium exploration - potential 20km strike length

7) further FGS projections - pipeline of projects on the go to be announced when advanced

8) talk of acquiring a lithium project

Lots of II on board, including Chinese investor ( nickel)

Low amount of free float of stock

All projects look to have near term events to propel the sp to new levels

Looks a no brainier at these levels

Thank you for your kind words Darren

If you read my post , I state “think” about the dividends and went on to illustrate how the the large increase in current sales price , leads to an obscene amount of money left over per year

Likewise DFS pricing model only leaves £20m net surplus , based on sales price of c$640 pt

So net surplus varies dramatically based on sales price

As PI’s we are always last to know , but Bernie is agreed to take lots of shares ….

What’s he going to do with all these shares ?

It’ll be in his interest to divi out

Look forward to having this discussion with you in 2/3 years time

Think about the dividends , paid each year

249,000 t x ($2466-466)

Less 33% tax

x .73 exchange rate to GBP

£243m

That’s x4 current levels

So £25k invested would equal £100k divi each year

Get em in your ISA

*based on $2466 sales price per t

"The government of Mali has renewed Faraba exploration permit until August 2024" for African Gold Group

"The Faraba permit is in the Bougouni basin covering an area of 11,119 acres."

https://investingnews.com/news/gold-investing/african-gold-group-renews-its-faraba-exploration-permit-to-further-increase-its-exploration-upside/

Not long now

Old prices

DFS, 220,000 t, sale price $680, costs $466

Net cash flow calc ( 680-466 x220000)

NPV 7 calc (net cash flow / 1.07)

YEAR NET CASH NPV7
1 47080000 $44,000,000.00
2. 47080000 $44,000,000.00
3. 47080000. $44,000,000.00
4. 47080000. $44,000,000.00
5. 47080000. $44,000,000.00
6. 47080000. $44,000,000.00
7. 47080000 $44,000,000.00
8. 47080000. $44,000,000.00
8.5. 38520000. $36,000,000.00

TOTAL $388,000,000.00

CAPEX - $117,000,000.00.

NPV7 $271,000,000.00

So as you can see my calcs have NPV7 @ $271m, where as the company have stated approx $300m , so we are there or there about.

https://polaris.brighterir.com/public/kodal_minerals/news/rns/story/xl3g13x

So calcs for new figures , based on the confirmed market prices being paid

220,000 t, sale price $2444, costs $466

Net cash flow calc ( 2444-466 x220000)

NPV 7 calc (net cash flow / 1.07)

YEAR NET CASH NPV7
1 $435,160,000 $356,040,000
2. $435,160,000 $356,040,000
3. $435,160,000 $356,040,000
4. $435,160,000 $356,040,000
5. $435,160,000 $356,040,000
6. $435,160,000 $356,040,000
7. $435,160,000 $356,040,000
8. $435,160,000 $356,040,000
8.5. $356,040,00 $332,747,669

TOTAL $3,586,280,379

CAPEX - $117,000,000

NPV7

$3,469,280,379

Yup

$3.5 Billion !!

Sort after , new world for greener planet
The way forward - High demand
But Limited availability

Means we are in the right place !

Big big margins , low cost

Our NPV has rocketed over TEN fold !

$300

Now

$3.5 billion

This doesn’t take into consideration any increase in recovery, just the 1.94mt produced over 8.5 LOM or any increase in sales price year on year

So additional upside with more produced and higher sales price moving forward

So it all works out to an unbelievable NPV of 16p !

Currently we are valued @ c27% of the NPV of $300m (£59m)

On this basis , the increase in NPV would mean a re rating to a price of 4p

Please do the math

Costs stay the same …

Just all profit

Life changing

Old prices

DFS, 220,000 t, sale price $680, costs $466

Net cash flow calc ( 680-466 x220000)

NPV 7 calc (net cash flow / 1.07)

YEAR NET CASH NPV7
1 47080000 $44,000,000.00
2. 47080000 $44,000,000.00
3. 47080000. $44,000,000.00
4. 47080000. $44,000,000.00
5. 47080000. $44,000,000.00
6. 47080000. $44,000,000.00
7. 47080000 $44,000,000.00
8. 47080000. $44,000,000.00
8.5. 38520000. $36,000,000.00

TOTAL $388,000,000.00

CAPEX - $117,000,000.00.

NPV7 $271,000,000.00

So as you can see my calcs have NPV7 @ $271m, where as the company have stated approx $300m , so we are there or there about.

https://polaris.brighterir.com/public/kodal_minerals/news/rns/story/xl3g13x

So calcs for new figures , based on the confirmed market prices being paid

220,000 t, sale price $680, costs $466

Net cash flow calc ( 680-466 x220000)

NPV 7 calc (net cash flow / 1.07)

YEAR NET CASH NPV7
1 $435,160,000 $356,040,000
2. $435,160,000 $356,040,000
3. $435,160,000 $356,040,000
4. $435,160,000 $356,040,000
5. $435,160,000 $356,040,000
6. $435,160,000 $356,040,000
7. $435,160,000 $356,040,000
8. $435,160,000 $356,040,000
8.5. $356,040,00 $332,747,669

TOTAL $3,586,280,379

CAPEX - $117,000,000

NPV7

$3,469,280,379

Yup

$3.5 Billion !!

Sort after , new world for greener planet
The way forward - High demand
But Limited availability

Means we are in the right place !

Big big margins , low cost

Our NPV has rocketed over TEN fold !

$300

Now

$3.5 billion

This doesn’t take into consideration any increase in recovery, just the 1.94mt produced over 8.5 LOM or any increase in sales price year on year

So additional upside with more produced and higher sales price moving forward

So it all works out to an unbelievable NPV of 16p !

Currently we are valued @ c27% of the NPV of $300m (£59m)

On this basis , the increase in NPV would mean a re rating to a price of 4p

Please do the math

Costs stay the same …

Just all profit

Life changing

Don’t forget homework is in today

Please have a go at bringing the NPV up to date with current market prices

Please and thank you

Hi Stephen

I’ve given you a heads up

Please make sure your homework is in on time :)

Old prices

DFS, 220,000 t, sale price $680, costs $466

Net cash flow calc ( 680-466 x220000)

NPV 7 calc (net cash flow / 1.07)

YEAR NET CASH NPV7
1 47080000 $44,000,000.00
2. 47080000 $44,000,000.00
3. 47080000. $44,000,000.00
4. 47080000. $44,000,000.00
5. 47080000. $44,000,000.00
6. 47080000. $44,000,000.00
7. 47080000 $44,000,000.00
8. 47080000. $44,000,000.00
8.5. 38520000. $36,000,000.00

TOTAL $388,000,000.00

CAPEX - $117,000,000.00.

NPV7 $271,000,000.00

Doesn’t take into account enhanced recovery or 2% increase in sales price year on year

Hopefully this guide will help with your homework ;-)

All aboard …

Nice

We have a once in a lifetime opportunity here

Seriously…

Everyone’s homework this weekend

Work out current NPV7

Cash flow / (1 + discount rate) each year

Add each year together then minus capex

That will give you current NPV

ENJOY !

Licences all valid and in good standing order

It’s in the governments interest we get into production, think from memory they have 10% interest

Big cash for them

we had to tweek the licence area.
"During the year, the Company agreed modifications to the Foulaboula, Sogola Nord and Fariedele concessions with the Direction Nationale de la Geologie et des Mines ("DNGM") of Mali in preparation for the granting of the mining licence.
The new mining licence will be issued to replace the Foulaboula concession and the changes were agreed to ensure all areas of mineralisation and the proposed mining infrastructure and processing plant for Bougouni are included within the one licence area."

Kodal's Bougouni and Bougouni West lithium exploration projects are located in southern Mali, with the rights and concessions held by subsidiary company Future Minerals SARL ("Future Minerals"), a Malian registered company owned 100% by the Group.

Dogobala

Mali

90% economic interest via direct ownership following completion of option payments

Bougouni Lithium Project

Licence valid and in good standing. Arrêté No. 2018-1115 granted on13 April 2018 for initial 3 year period, with option for 2 extensions of 2 years validity each.

Application for first renewal has been lodged and all fees paid.

Foulaboula

Mali

90% economic interest via direct ownership following completion of option payments

Bougouni Lithium Project

Licence valid and in good standing. Arrêté No. 2018-1116 granted on 13 April 2018 for initial 3 year period, with option for 2 extensions of 2 years validity each.

Licence subject to modification during 2020 to prepare for Mining Licence application. Granting of Mining Exploitation permit in progress.

Sogola Nord

Mali

90% economic interest. Concession replaces part Madina concession, which had reached time limit

Bougouni Lithium Project

Licence valid and in good standing. Arrete number 2020-0072 granted 22 January 2020 for an initial 3 year period, with option for 2 extensions of 2 years validity each.

Licence area modified during 2020 to account for the future Foulaboula Exploitation permit.

Fariedele

Mali

90% economic interest. Concession replaces part Madina concession, which had reached time limit

Bougouni Lithium Project

Licence valid and in good standing. Arrete number 2020-0073 granted 22 January 2020 for an initial 3 year period, with option for 2 extensions of 2 years validity each.

Licence area modified during 2020 to account for the future Foulaboula Exploitation permit.

Mafele Ouest

Mali

Held through Option to Purchase giving right to acquire 80% economic interest

Bougouni West Lithium

Licence valid and in good standing. Arrêté No. 2018-4537 granted on 31 December 2018 for initial 3 year period, with option for 2 extensions of 2 years validity each.

NKemene Ouest

Mali

Held through Option to Purchase giving right to acquire 80% economic interest

Bougouni West Lithium

Licence valid and in good standing. Arrêté No. 2018-4486 granted on 28 December 2018 for initial 3 year period, with option

hi Bomber

there are too many ifs buts and maybes to put an accurate sp together, mainly due to KOD being exploration and all our assets are still in the exploration phase with the hope of confirming additional resources to increase value

for instance we currently hold 8 gold licences , only one has a confirmed maiden resource 350k oz gold but we are currently drilling to increase the resource, same for the other projects

if you read through the info, these gold projects are potentially pretty huge..

look at the strike length, width and grade

this will give you an idea on potential

as guide you can use the following

Strike Length x Depth x Width x Specific Gravity = “X” (in tonnes)

grams per tonne gold x tonnes / 34.2857 =

total ozs of gold

gold is c$1800

near surface so gold costs per t c $900 per oz, so every 1 million resource is worth c$1.8billion in the ground

i can see multi million oz of gold across our portfolio

likewise the lithium , currently we have a NPV (net present value) $300m

but as discussed at length this is out dated and needs to reflect current market sales price per t

but again we have exploration upside, lots of area to explore

once mining licence, we should see a quick turnaround and into production

capex costs are small @ c$117m, plus we agreed to go into partnership with our neighbour to split costs on some infrastructure costs

if you look at RNS from Jan 2020, they state production targeting production H2 2021 SO c18months

once in production our valuation will increase as we are now a producer, price valuation are at multiples of earnings

once in profit per year, we will see dividend payments, giving a nice payment each year of life of mine

only need to look @ current market sales price c$2500 - 466 costs pt x 249000 t pa

gives a staggering $506m per year net

......................

sorry i cant be more specific but all i would say

if you can buy and hold, you should be extremely well rewarded as we really are at the beginning of the journey

So that’s the licence sorted then

Comms back up and running

I think the company has been expecting the licence

Look @ their Twitter account, look how often they post back in July and beginning Aug

Then nothing…

https://mobile.twitter.com/kodalminerals?lang=en

“Comms black out till licence issued”

So I expect it sooner rather than later