Member Info for DormanLongNY

Holding SAV shares has required a lot of patience, but as Warren Buffet once said, ‘the stock market is a device for transferring money from the impatient to the patient’.
It looks like the SAV train is just about to leave the station at supersonic speed. Why, because Li deposits have been called the ‘new gold rush’ and SAV & Portugal have loads of Li ore.

Many on here said it would finish over 45p, can these clever people explain why it closed down, thanks.

Understand your frustrations Q. So many topics debated in the public domain are void of facts, to ensure certain conclusions are reached.
Reckon that’s why the EIA for the MdB mine is 1500 pages to ensure the facts are clearly stated and counter arguments addressed.
Digressing, you can now inject coal directly into the Blast Furnace (makes liquid iron) so using less coke. Teesside massive Blast Furnace in 2011 spent over £80 million installing coal injection equipment onto the blast furnace, but sadly the Steelworks shut in 2015.

If we all want to live in the modern world where we drive cars - eventually EV cars - use road bridges, use planes, and white goods then we must have Li MINES and coal mines.
I have worked in the steel industry for 40yrs and have made steel for railway lines that are used in the UK and world wide.
As the previous poster, to make steel using liquid iron you need coke, which is refined coal. Coal comes from Australia and South America at present, is this environmentally friendly - NO. We need this UK coal mine to supply Port Talbot and S****horpe steelworks. Why has our government been persuaded to review the mining application of this Cumbria coal mine - because it does not understand the true environmental FACTS and/or is terrified of Green Peace, etc
I believe the MdB EIA doc will be sufficient to persuade the Portuguese government to approve the Li mine.

Agree re EU to give financial support to anything connected to EV battery production and supply chain. The EU have made available billions of Euros for EV related projects, as they recognise the massive importance of EV’s to the long term future of the European economy.
SAV will be a major player in the supply of ESG mined Li in 2023. I bet SAV has/ is receiving multiple enquiries from battery manufacturers who are desperate to source EU mined Li.

Just like to welcome new SAV holders and/ or BB posters. There are many excellent informed and very knowledgeable posters on this BB.
As you read and DYOR you will began to realise that SAV has massive potential and things are starting to happen - the jigsaw pieces are falling into place.

DFS to be completed this year. Mining at MdB scheduled to commence in 2023.

Great find, very encouraging news. Do you have the link. Thanks.
Hopefully, very soon the golden egg will be laid.

Great find, very encouraging news. Do you have the link. Thanks.
Hopefully, very soon the golden egg will be laid.

Buying companies who are mining Li in the future - next 2-5 yrs - is a challenge and a long term investment. Mining companies have to cross so many hurdles to mine, even Li companies in Europe like SAV. GLA

Thanks for some great research CM.
My thinking is that Galp would not of become involved with SAV, unless they were certain of a positive outcome re Li mine.
I’m sure Galp have many contacts in the Portuguese government, and speak to both government officials and ministers often, just like big UK businesses speak often to government officials and ministers.
Also, suspect their must be a bit of rivalry between Spain and Portugal, not just in football, but economically, like in the creation of big industrial projects, such as, a battery plant.

To answer the question, we need to remind ourselves that ‘Savannah’s Mina do Barroso project was CHOSEN as the pilot mining project for evaluation to ACHIEVE the CERA standard.’ How many other Li miners in the EU were chosen ? If none, than surely SAV are THE CHOSEN ONES !
CERA is Certification of Raw Materials and was initiated by EIT RawMaterials. CERA is supported by the EC and aligned with the European Battery Alliance.
No wonder DA had a big smile on his face at a recent interview. Join the dots....

Some great information in todays RNS - very interesting that Galp is involved already, which is a big positive and demonstrates Galp are OK with the DD, + mentions OTHER POTENTIAL COMMERCIAL Partners, another interesting positive
Excerpt from RNS - Product samples will be supplied to Galp Energia, SGPS, S.A, and other potential commercial partners, for their own evaluation of Mina do Barroso's concentrate product and planning purposes.

Wow, some great numbers. Thanks ATD.
SAV looks like it will be one of the lowest spodumene producers anywhere.
Another positive is that Capex is not massive for a mining project, so hopefully SAV will become a significant cash generator after a few years production.
Any views on its potential share price once mining?

Most people on this BB are well read and researched. They post facts and very often detail their source, because they have nothing to hide, no hidden agenda, they just want to show that SAV is a company with massive potential, else why would Galp become a ‘partner’.
Please show some respect to those who post on this BB, of whom many have spent many many hours researching Li.

SAV submitted their EIA document several months ago, whilst EMH are still working on their EIA doc.
Once Galp have completed their DD and put one of their guys on the SAV board, I’m sure momentum will pick up because Galp are a major Portuguese company with vast practical experience on engineering projects.
Also, Galp are very well acquainted with relevant Portuguese ministers and Env & Business depts which SAV are liaising with.

Think the statement that ‘Li soon is going to be history’ is either a wind up or garbage or typical blue sky comments from University research ‘dreamers’.
Tell that to Tesla, Northvolt, Britishvolt, etc who are spending billions on Li battery plants.
Europe needs high quality Li ore which has great ESG credentials and SAV ticks these boxes.

The Daily Mail article, see link in previous BB message has some excellent points, such as,
- SAV mine is economically robust. The 2018 study highlighted that for a capital expenditure of just $109million Savannah could build a mine likely to deliver an internal rate of return of over 46 per cent
- SAV’s , Mina do Barroso mine is Western Europe’s most significant lithium spodumene project
- Europe, with its huge cluster of automobile manufacturing companies, is set to become the world’s largest lithium market, with local supply still fairly limited.
- local Portuguese group Galp, has just signed heads of terms for an off-take agreement with Savannah for half of all future-planned lithium production, and looks likely to pump more than $6million of new money into Savannah’s Portuguese subsidiary as part of the deal.
- Galp,’ says Savannah’s chief executive David Archer, ‘are one of the leading European companies in the energy and renewables space. And he hints that their involvement in the project might become deeper still, once the two sides get to know each other
- a senior Galp figure will go onto the board of Savannah’s Portuguese subsidiary with the aim of providing expertise and know-how when it comes to development.
- Galp has a wealth of experience in developing large scale projects such as this,’ says Archer. ‘Their knowledge and experience will be invaluable to Savannah as we further progress the project forward in a responsible and sustainable way into development.’

The British Volt Giga factory to open in 2023, but Cornish Lithium mine not ready until 2024. The UK will need 4 Giga factories by 2030/35 for battery production. Also, reckon by 2035 the UK will need 55-60,000t of Li, which is a fifth of today’s world supply.
Everybody is now recognising we are going to need vast amounts of Lithium, but supply over the short term will be problematic. Now is the time for DA and his PR team to put an article in the Sunday Mail, explaining the merits of SAV.

The recent news of Ford and JLR selling only EV’s by the end of the decade into the EU market, begs the question who is going to supply all the refined Li for the millions of car batteries ?
The EU are very keen to have companies that are operating or will operate with great ESG credentials - environmental and social is key for mining companies in the EU.
Thankfully, SAV will have great ESG credentials, will be mining at low cost relative to many of its peers, MdB mine has an excellent grade Li ore, will be mining in 2022, and is supported by a global energy company (Galp) - subject to their DD.
Now is the time to invest in SAV, before the expected news arrives and the share price doubles.