Member Info for EV_Bull

I fail to see that a 33% share in a $949m+ NPV 10 mine and 30% of a huge lithium deposit can be worth as little as the share price implies which is circa £5m happy to hold and be proven right or wrong by the outcome when transactions are concluded. Sometimes the market gets things wrong and that is where the opportunities are.

Seems like the $8m would be enough to fund the DFS should we wish to.

Yes, based on the previous $1.1m per 1%, $2m + some management & consulting fees and maybe a some of the proceeds from prior EMH sales should get you to "circa 33%".

Spend $2m getting the environmental license sorted and increase the FE grade and you could add 50% or more value to the project the ROI is huge in that scenario making our 30+% worth $20m more for example is a 10x ROI which is why I see this as a positive, and 6 month of headroom for that to occur and any potential Dev investors to get involved, then should we wish to, enough to fund the DFS should bring another increase the value to the project to a potential investor as it will be shovel ready by that point.

YA = Yorkville Advisors

Yorkville Advisors invests in a company’s management, business plan, attractive fundamentals, and the technical merits of an issuer’s stock. At Yorkville, we make innovative structured debt and equity investments, offering an array of customized funding instruments.

Savings of approximately US$28 million were identified on port refurbishment costs at Amapá is a direct benefit to the npv

Clearly there is a bigger prize at stake if 33% of Amapa is worth well in excess of £50m once licensing and optimisation studies are complete then it becomes a good investment and huge ROI.

At first glance a positive deal IMO, no need to raise funds in the short term and funds raised at a 35% premium

potential net capital saving to the port refurbishment costs of US$28 million

Investment into Amapá Project will increase the Company's stake to circa 33%.

should be enough cash to fund the DFS

No point selling at the bottom, clearly the project is pressing ahead and with DFS in Q4 should give it a lift alongside offtakes and financing.

Very exciting and puts Evergreen right at the cutting edge.

Https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/20/australia-united-states-climate-critical-minerals-and-clean-energy-transformation-compact/

A processing plant in the Darwin region certainly makes a lot of sense.

Https://www.afr.com/policy/foreign-affairs/a-third-pillar-of-the-australia-us-alliance-20230521-p5d9z3

The federal government is about to announce its own updated critical minerals strategy, designed to take advantage of Australia’s abundant supply of minerals that are now key to global decarbonisation efforts, including rare earths and lithium for electric vehicle batteries.

Rather than only exporting these crucial minerals in raw form, the government wants to add to their value by building in more domestic processing and advanced manufacturing capacity here.

That includes promoting the possibility of sophisticated battery manufacturing, refuting considerable scepticism in the mining industry that this will prove economically feasible.

Https://www.elimparcial.com/amp/sonora/sonora/Impulsara-la-mineria-el-Plan-Sonora-Alfonso-Durazo-Montano-20230520-0003.html

Before members of the Association of Mining Engineers, Metallurgists and Geologists of Mexico (Aimmgm), Sonora district, Durazo Montaño added that LitioMx is of great interest to the State since it will allow the association with entities for the use of lithium, on condition for them to install their value chain in Sonora.

CXO: Approval for BP33 Underground Mine Early Works

Core pressing ahead at bp33 right next door

News should be due on the below soon

>65% would massively increase the interest from buyers due to the decarbonisation push as it is suitable for DRI furnaces and attracts a significant premium.

Amapá Iron Ore Project ("Amapá")

Earlier this year, Cadence published an economically robust Pre-Feasibility Study (" PFS") for the Amapa Iron Ore Project. Along with the PFS and subsequent consultations with the key contractors, we have identified three areas of possible improvement to Amapá.

The first will be to review the historical drilling and geological data north of the Amapá mineral concessions. The data has been acquired and is currently being processed to identify further iron ore resources, which, if present, would further increase the mine life. The second area of potential improvement is a change in the layout of the port at Santana by moving the railway loop further from the shore. A scoping study regarding this option has already been completed and identified capital savings. The last area of potential improvement is to investigate and review the flowsheet to improve the final product quality over and above the current 65% iron ore concentrate.

Https://twitter.com/lithiumionbull/status/1658663939142557696

Positive signs, be nice if it all comes good at the same time...

Https://opst.cz/projekt/tezba-lithia-na-cinovci/

Https://www.reddit.com/r/CadenceMinerals/comments/13iclzf/evergreen_lithium_asxeg1_webinar_presentation/