Member Info for DormanLongNY

I live a few miles from a iron works which did employ thousands of people for over a hundred and fifty years. Unfortunately it’s environmental performance was not great , but it did improve massively in the last 20 years of production. The iron works jobs were very well paid and thus benefited thousands of families in the area, who bought new cars, holidays to Spain and Portugal, new houses, joined the golf club, sports clubs, etc. The community realised the massive benefits of the iron works. Sadly, the iron works closed due to global competitiveness, and is a great loss to the area.

Industry can be very good for a community, so with the MdB mine a leader in ESG credentials, providing good quality jobs for the area, my advice is to examine the benefits of the mine, and compare with the negatives to your community and all your families.

Reckon JL needs to realise that people and the APA make decisions based on facts, not half truths and ‘twisting’ of the EIA doc.
Think you need to stop driving your car and using your mobile phone, JL, otherwise you are profiting from several mining operations worldwide.

Product quality is most important for any important product. I work in the steel industry and you can by poor quality steel from Russia or high quality steel from the UK, both have the correct steel specification, but the uniformity of product, internal defects, etc, are vastly different. Steel customers will pay a premium for high quality steel. As Atd explained, a correct chemical specification spodumene, does not necessarily mean a high value product. A poor quality Li ore could result in low processing yields, extra processing costs and extra sampling/ analysis, etc. Thankfully, MdB mine will produce a high quality Li ore.

No need to be confused re SAV. Mine will produce Li ore at low cost , compared to peers, and ore to be processed using proven technology(not like EMH). Will be first Li mine to produce in Europe in 2023.
Has agreed one supplier off take with Galp and in discussions for further off takes. Read recent posts by AimToDeath, as some great analysis.

Plenty of demand for high quality iron ore from Kdnc and partners for many, many years .
Approx 70% of world steel production uses the Blast Furnace and then the Steelmaking Furnace. The demand for iron ore which is made into sinter for charging to the BF continues to increase year on year, as steel output increases - for example, crude steel output is forecast to be 1874Mt in 2021 and 1925Mt in 2022, compared to 850Mt in 2000.
Likewise world iron ore exports have increased massively in recent years, so in 2000 was 755Mt, in 2010 was 1130Mt and in 2017 was 1547Mt.

You need reporting again as you are so negative and disruptive. As an academic why don’t you make judgements based on facts? What sort of guy makes good money from a share and then makes untrue comments about the share. Good job Galp - a multi billion company - make decisions based on facts. Reported

Agree, when will the BOD deliver in their promises ?
On the advfn board, a guy who knows the BOD bought shares in a money raise some months ago, is VERY confident of SRSP delivering multiple deals on oil producing assets in Africa, as majors exit the continent. So, unfortunately now patience is required.

SAV are engaging big time with the locals, listening to their concerns/ hence the massive EIA document. And now the consultation period.
I live near to a ex steelworks - for over a hundred years it provided thousands of jobs, making steel so that we can all use modern technology at a reasonable price - cars, washing machines, bicycles, trains, buses, even kitchen sinks !
Wonder how the farmers and villagers would manage without steel, or in 10 to 20 yrs time EV cars.

Great read, like this bit:
There is, however, a commodity with the potential for a stratospheric rise, according to Han**** and many other industry observers. And it is well represented in Australia and on the ASX. “Lithium has risen very strongly in the last few months and I’m expecting it to go higher, especially as these giga factories come online in the next 12 to 36 months,” Han**** says. He is referring to the waves of investment in battery factories - dubbed giga factories by Elon Musk - which are now in development across the world ahead of an unfolding boom in electric vehicles (EVs).
“If you think of the lithium industry today, it needs to double every two or three years for the next decade. The growth is just unprecedented for a mineral.”
According to investment bank Cannacord Genuity, the EU alone is planning to build 700 GWh (1,000 billion Watt hours) of battery manufacturing capacity by 2030. As a general rule of thumb, every KWh of battery capacity produced requires a kilo of lithium.
Analysts agree there is a significant shortfall in supply ahead.
Macquarie Equities research this month said e-vehicle demand has transformed the outlook for the lithium market and upgraded its price forecasts between now and 2025 by 30 per cent to 100 per cent.
“We expect limitations on the likely supply response to see the market shift to a deficit in 2022, with significant shortages emerging from 2025.”

Interesting comments in RNS, such as, The Project is a vital part of the lithium battery value chain that will not only bring economic growth to the Iberian Peninsula .. is this hinting at the MdB mine will be part of something a lot bigger, which will impact not just Portugal, but Spain as well. Perhaps the refined Li will eventually find its way to Spains electric car battery plant to be built by SEAT (VW) and Iberdrola, with some EU money ( pandemic recovery fund).

The economists in Portugal, for example, a Professor at one of their top universities wrote a paper detailing the MASSIVE financial benefits to Portugal, of a Li mine and a Refining facility in Portugal. Galp are of the same opinion, so I am very confident that the EIA document will be approved by government’s environmental Dept. I’m sure the thousands of unemployed people living close to the MdB mine are longing for the mine to go ahead, bringing well paid and secure jobs to the area. Why secure, because the new Li mining leases which are up for tender, some or all will be given to Sav/Galp.

If you are wondering what share to buy, then consider SAV because: has a Li mine in Portugal which will produce a high purity Li ore, ideal for car batteries once refined, etc. Likely to be one of the first Li ore producers in Europe. Mining costs - C1 - are very low compared to other Li miners, Galp a multi billion dollar company based in Portugal is partnering with SAV. Various departments in the EU are supporting SAV. I could add more, but the aforementioned are enough for now.

Oops, should read ‘earning their salaries’

Great to see that KM and team are at last warning their salaries ! I have worked in the steel industry for over 40yrs and just thought it worth making a few comments; Steel production world wide goes up nearly every year, due to poorer countries becoming ‘richer’, so buying more cars, white goods, buildings made of steel, etc. Iron ore prices are never constant - supply and demand, etc. About 65% of world steel production is via the blast furnace and then the steel furnace (BOF) route. All iron ore for the blast furnace is sintered or pelletised - most iron works have a Sinter Plant. Adding iron ore directly to the BF will clog the furnace and generate too much **** When Teesside Ironworks was struggling for cash it would buy cheap iron ore for the sinter plant- this ore contained a lot of impurities and variable quality. This meant that sintering operation was more challenging and the sinter when added to the blast furnace did not always perform as expected resulting in poor iron yields and sometimes unstable operations, etc. So, a high quality iron ore is always wanted by the iron and steel industry.

Just been told that C1 mining costs for KOD are about 420dollars which is quite high, but good news is that demand for Li is going crazy, and Li ore prices are rising.
I note that Savannah Resources has C1 costs of 210 dollars over years 1-4, and are to mine in Portugal.

This Li mine looks very interesting. Please could somebody let me know what the mining costs are - C1 costings.
The lower the mining costs the more attractive it becomes. Thanks.

Ah but, can you sleep peacefully at night knowing that you are - well, those people talking in the video - destroying the planet elsewhere. I have lived near a Steelworks for 60yrs - sadly now shut and in the process of been knocked down - and the local population was very thankful for the well paid jobs, despite the local golf course getting coveted in red dust when the wind was in a certain direction. Not many ESG credentials in the steelworks, as a very old plant. But the MdB mine will have world class ESG credentials and bring some great jobs and prosperity to the region, so people of northern Portugal please support, vocally this proposed mine development.

Regarding the video highlighted by a previous bb comment, Interesting to see people who object to the mine enjoying the benefits of mining, e.g - iron ore for steel, roofs made of steel coated in zinc, hand rails & fences in cow sheds made of steel or other metal, etc.
We live in a technologically driven world and often don’t realise that most of the things we use daily- mobile phones, cars, washing machines, trains, buildings are a product of some sort of mining. Would you rather have steel products, eg. cars - or Li batteries, etc, produced by companies with excellent environmental standards and sourced materials from Europe OR from China, one of the most polluting places on the planet?

Welcome, great to have new shareholders.
The risks for SAV are very very low, as detailed in previous post by A. The hoops SAV are going through- EIA, etc- will result in a mining company with excellent and world leading ESG credentials + and a very profitable mine even at low Li prices, located in the EU which is desperate for high grade Li ore, which the MdB mine contains. Plus, A multi billion pound company like Galp would not be partnering with SAV unless they see great financial returns and new business opportunities.

In 2019 The chief executive of Lusorecursos, Ricardo Pinheiro, told Reuters the company was planning to build its own refinery in Montalegre as a way "to secure the entire value chain, from mining to obtaining the final product: lithium hydroxide".

Targeting 2023 as the year Lusorecursos would start processing the so-called "white oil", Pinheiro said the total investment was around 400 million euros ($440 million), with the refinery costing 300 million euros to build.