Member Info for EV_Bull

Shareholders have the collective power here with low insider ownership, when the time is right though Bannor to push for the best strategy. As I say, not the right time, a good time to add though IMO while everyone assumes it's worthless.

Yep, it could 5x or more from here if the right deal can be struck. Market needs to understand the value of our Amapa stake. Edison valuation is based off what Cadence told them so you’d think that would align with how management are seeing it.

It's definitely a difficult market at the moment, hard asset sales are needed to crystallise value to wake up the market here.

Amapá stake worth more than Cadence

Our risk-adjusted (for its stage of development) valuation of the 5.2Mtpa Amapá iron ore project in Brazil is US$154m/£122m (Cadence share £37m, or 21p/share). This is based on an unrisked valuation US$978m (NPV, 100% basis, 10% discount rate). This project, of which Cadence own 30%, is at pre-feasibility study (PFS) stage, but importantly is potentially a brownfield refurbishment and restart rather than a greenfield iron ore mine. Our valuation is similar to the PFS NPV10 of US$932m and allows for significant capital reconstruction and refurbishment. Cadence has multiple paths to creating additional value at Amapá by continuing to build its stake (it has first right of refusal up to 49%) and continuing to de-risk towards full bankable feasibility study (BFS) status, which should be relatively straightforward given its history as an operating mine.

Amapa bidders from 2012:

"Among the bidders interested in the current second phase of the sale process are Swiss-based Glencore International (LSE: GLEN), Russian steelmaker Severstal, Jersey-registered Zamin Ferrous, founded by Indian investor Pramod Agarwal, and Australian firm Centaurus Metals (ASX: CTM). Zamin and Centaurus own assests in Brazil."

“The rest of the market is stuck in the cost-of-living recession, inflation, and so it should be.

“But when the world normalises, the commitments that every government has made, every big business, every car company on net zero and transmission of energy holy hell … the structural bull market coming – in copper, zinc, lithium, cobalt, nickel to a degree, rare earths – is just frightening.”

Https://www.afr.com/chanticleer/the-coming-lithium-copper-bull-market-will-be-frightening-20230707-p5dmi7

Https://www.youtube.com/watch?v=h8kTpPl3FCQ

Ganfeng or LitioMx with automaker consortium funding is most likely I think.

#KDNC -

@edisonresearch

note:

The market is clearly mis-pricing Cadence.

Public equities account for £10.2m of its £12.7m market cap, leaving just £2.5m for its 30% stake in the Amapá #ironore project

Base-case valuation 32.2p, high-case valuation 57p

https://www.edisongroup.com/research/a-mispriced-miner/32481/

Https://twitter.com/CadenceMinerals/status/1676890635872219137

Bannor, I was thinking in the event of a trade sale not something Cadence would do.

It's a possibility, from a financial standpoint it would be more profitable to pay off the banks and then ship the ore via capesize vessels once the port is back up and running.

@steve196 yes if they are in negotiations about a deal they would not be able to buy any until the news is announced as it would be price sensitive and material non public information (in terms of the transaction amount and structure of any deal).

Sounds promising @Zoom hopefully they can announce something meaningful to us.

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EPCM: Engineering, Procurement, Construction Management

Engineering, Procurement and Construction Management. In this scenario, the contractor acts as a construction manager and consultant for the project to design, build and develop mines on behalf of owners.

This is the key that unlocks the value here, big news surely not too far away on the horizon..:

Cadence and Its joint venture partners have agreed that the lowest risk and currently best commercial approach to developing this project is to bring on a highly experienced mining operator or EPCM contractor as a joint venture partner, and we are working towards this goal. We currently have three interested parties reviewing the data room in this regard. However, the above strategy does not preclude the option for our joint venture company developing the project or embarking on trade sale of the project.

Hopefully!

“As always, we are sure that your visit will bring extraordinary news for the well-being of all Sonorans.“

Https://www.japantimes.co.jp/news/2023/06/30/world/brazil-aim-green-hydrogen-export-market/

“We see Brazil as a leader in the green hydrogen economy for one main reason: the availability of renewable energy,” said Unigel Executive Director Luiz Felipe Fustaino.

Https://www.eib.org/en/press/all/2023-226-mexico-eib-and-mexican-government-reinforce-partnership-to-finance-country-s-sustainable-development

The targeted programmes and projects will be aligned with the EU Global Gateway initiative. They are expected to generate positive social, economic and environmental results for the benefit of people in Mexico. Some examples include the Plan Sonora for Sustainable Energy and related services, and projects in line with the interests of institutions such as the Federal Electricity Commission (CFE), the National Water Commission (CONAGUA), Lithium for Mexico (LITIO MX), the National Bank of Public Works and Services (BANOBRAS), Nacional Financiera SNC (NAFIN), the National Bank of Foreign Trade (BANCOMEXT), and the Ministry of Welfare, among others.

To inspect the Vertebrate and Fish Monitoring Program for request of the Environmental Authorization for Capture, Collection and Transport of Biological Material in the biotic studies, necessary to support environmental studies of the Company DEV MINERAÇÃO S.A., in judicial recovery, according to the following:

DESTINATION: Pedra Branca do Amapari - AP

PERIOD: 13th to 17th June 2023

https://seadantigo.portal.ap.gov.br/diario/DOEn7936.pdf?ts=23062111