Member Info for EV_Bull

Certainly more emphasis on a buyout this time, not a bad option at the right price.

HAS 20% down so far but I expect it goes down a bit more given the steep discount. Good thing we sold ours.

KM dodged a bullet there!

The savings will be spent on producing the 67% if proven possible, Kiran made that clear. This is the cost for the 65% grade.

PFS is a high level study, DEV has then conducted more detailed studies on the plant in more detail which has determined there can be savings made. Best to err on the side of overestimating a cost rather than underestimating at PFS level.

This is a refurb so I'd assume a lot of re-use of existing beneficiation equipment is factored in compared to the PFS.

Think about how valuable 67% makes the project if testing is successful, certainly far in excess of what we've paid and what we trade at. Much cheaper labour and energy costs than Australia too.

Personally when you look at the past and potential future of Amapa it's very easy to be optimistic especially if producing a 67% concentrate, huge upside imo.

5.3m x $140/t On a 15 year life NPV10 gets me to circa $1.9bn and on a 25 year life closer to $2.3bn. We own circa 35% of that, even if the equity financing dilutes us to 15% then 15% of $1.9bn is $285m and you're getting that for £8.8m ($11m) market cap so fair to say a significant upside potential, I'll take my chances here personally.

They enjoy torturing themselves Degsie, a cognitive bias known as the disposition effect.

Yes, so hot it's in the future!

Bynoe looking very prospective

https://announcements.asx.com.au/asxpdf/20240314/pdf/061gy7cttqr08r.pdf

It's quite a complex set of companies but shares in DEV Mineracao issued to Pedra Branca Alliance issued to KDNC and Indo Sino

From reading the recent Court filings I believe the “judicial recovery“ part is concluding/concluded now.

Btw saving $15 on shipping and making $10 more on ore is $25 x 5,300,000 = $132,500,000 per year extra operating income!!

As I said earlier 67% is incredible for the project as outlined by Kiran in the interview. Market here is crazy IMO. Shipping to the US would be amazing also. Our time will come. Massive news when this is confirmed in a new PFS.

67% ore will be a huge boost to NPV and desirability of the project if it can be done. Dumping HAS was the right thing to do in the current climate as their loan to buy in to Neo has not worked out at all.

It's mostly the latter not the former, almost all juniors are down massively, of course that is compounded because the stakes we hold in them have declined. If EMH was at £1 still then it would be a very different story. Hopefully the management are deep in to discussions with strategic investors and there's nothing to promote until those are concluded.

The "one-time payment to settle all outstanding amounts" is also going to form part of that discussion as that will clear the path for further investments.

@gary MNPI is usually the reason given as it means they are unable to purchase.

Material non-public information

Https://stockhead.com.au/resources/eye-on-lithium-morgan-stanley-gives-market-a-boost-as-lithium-futures-go-crazy/

“Some local lithium producers in Yichun … have kept their operations suspended. The need for self-inspection may prolong these suspensions in the near term.

“Overall, we think the current supply disruptions and concerns will lift near-term market sentiment as lithium output in Yichun accounted for around 20% of China’s total lithium production and approximately 13% of global supply in 2023, according to SSM.”

Yes a fully licensed mine, railway and port will be a big deal for any potential buyer.