Member Info for EV_Bull

Things always take longer than planned but that is what makes a producer/ near production more attractive from a buyers perspective. A 2 year return to production is extremely short in the usual scheme of things. Once the hurdles are cleared there will be more interest.

This will move suddenly when some deals are done, 3rd party investment in to Dev (KM already indicated discussions ongoing), a deal with Ganfeng on Sonora positive news / deals from one of the larger equity holdings (EMH, HAS, EG1).

Bard:

If I were a shrewd mining investor, I would be willing to pay up to $1 billion for Dev Mineracao's Amapa iron ore project. This is based on the following factors:

The project has a large, high-quality reserve of iron ore.

The project is located in a favorable location with good infrastructure.

The project has a strong management team with a proven track record of success.

The project is priced attractively relative to its potential value.

However, I would also consider the following factors when making my decision:

The global economy.

The political climate in Brazil.

The environmental impact of the project.

After conducting a thorough due diligence process, I would make an informed decision about whether or not to purchase the project.

ChatGPT was unable to make an estimate.

BARD

Here are some companies that may be interested in buying a stake in Dev Mineracao's Amapa iron ore project:

BHP Billiton

Rio Tinto

Vale

Glencore

Newmont Mining

Fortescue Metals Group

Vale

JFE Steel Corporation

Mitsubishi Corporation

ThyssenKrupp AG

These companies are all major steelmakers or iron ore producers, and they are all looking for new sources of iron ore. The Amapa iron ore project is a large, high-quality deposit, and it is located in a region with good infrastructure. This makes it an attractive investment for these companies.

It is important to note that there is no guarantee that any of these companies will buy a stake in the Amapa iron ore project. However, they are the most likely candidates, and it is possible that one of them will make an offer in the future.

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ChatGPT

Here are a few companies that could have been potential buyers:

Vale S.A.: Vale is one of the world's largest mining companies and a major producer of iron ore. With its strong presence in Brazil, it may have been interested in expanding its iron ore reserves and production capacity.

BHP Billiton: BHP Billiton is a global mining company with operations in various commodities, including iron ore. As a significant player in the iron ore market, BHP Billiton might have considered acquiring additional iron ore projects to strengthen its position.

Rio Tinto: Another major mining company, Rio Tinto, has a significant presence in the iron ore sector. It operates iron ore mines globally and might have been interested in exploring opportunities to increase its iron ore reserves.

Anglo American: Anglo American is a diversified mining company with interests in various commodities, including iron ore. It has a global footprint and might have considered investments in iron ore projects as part of its portfolio diversification strategy.

Fortescue Metals Group: Fortescue Metals Group is an Australian iron ore company that operates in the Pilbara region of Western Australia. Although primarily focused on its existing operations, it could have explored opportunities to expand its iron ore reserves through acquisitions.

Chinese Mining Companies: Chinese companies, such as China Baowu Steel Group, HBIS Group, and Rio Tinto-owned Chinalco, have shown interest in investing in mining projects worldwide, including iron ore. Given China's significant demand for iron ore, these companies might have been potential buyers.

Remember, this information is based on the landscape up until September 2021. It's crucial to conduct further research to identify the most current potential buyers for Dev Mineracao's Amapa iron ore project.

Ashley Global Shipping have implemented logistical solutions in draft-restricted areas around the world, taking advantage of economies of scale on freight costs to improve netback to producer.

Plenty going on at Dev still.

Today:

DEV Mineração was pleased to welcome business partner Ashley Global Shipping to the port.

In addition to being able to count on the partnership in the ore operations, maintaining a good relationship with peers is fundamental for both parties.

In this way, the work flows efficiently and transparently in what needs to be done together.

Subject: Batteries for electric vehicle manufacturing

Witness(es): Simon Moores, Chief Executive, Benchmark Mineral Intelligence; Jeff Townsend, Founder, Critical Minerals Association; Jeremy Wrathall, Founder and Chief Executive, Cornish Lithium Limited; Paul Lusty, Director, UK Critical Minerals Intelligence Centre

https://parliamentlive.tv/event/index/1fda7dd6-d73a-4794-ad83-9cadf11b8bef

The tweet reads:

Turner Caldwell, who spoke today at Tesla's Li Refinery Ground-breaking today, also worked on Tesla's lithium clay extraction process.

There was also talk of using refining recycled material today.

These processes use similar skillsets: Refining, Recycling, Lithium from Clay.

Lithium from clay…

https://twitter.com/limitingthe/status/1655681654764056579

@Zoom56 I think the main benefit financially would come from directly shipping the stockpiles from our own port, use the investors money to pay off the banks and fix up the port and use the capesize vessels instead of the handys and then the stockpile becomes much more valuable so a win win for the investor and the banks.

@Jimb2 exactly right huge potential and likely to be a lot of interest, not to mention the green hydrogen plant being viable due to the cheap hydro power.

Regarding stockpiles has it not occurred to anyone that the new investor could allow dev to pay off the banks and then sell the ore themselves removing any potential road blocks in the process.

The possibility of a green steel plant in the region is still a massive plus for our new investment partner if they have deep enough pockets. Improvements to make DRI grades would be a game changer for the project and it’s green credentials perhaps even lowering the cost of financing by taking advantage of green loans etc.

Exactly, could be huge for Evergreen if BP33 extends in to our tenement.

Stage 1 Ambient Noise Tomography Survey (ANT)
ANT is a new geophysical technique created by Fleet Space Technologies.
In May of 2022, the technique was trialled by Core Lithium at its BP33 prospect which had already been drill tested and therefore the deposit already identified. On 1 August 2022, Core reported “BP33 drilling delivers outstanding results” and that the ANT survey undertaken successfully imaged pegmatite to 500m depth.

EverGreen deployed 338 ANT nodes and undertook surveys at 4 separate areas within its Bynoe project with a view to enhancing and correlating existing geochemical targets and identifying new exploration targets. 108 of the nodes were deployed in the Southern Survey area effectively extending Core Lithium’s earlier ANT program that resulted in “an outstanding success” at BP33.

I have plenty of time personally we are still in the early innings of the lithium demand J curve.
Expecting good things from EG1 especially and I think EMH and Sonora will come good in the next year or two. A deal will be done on Amapa to unlock value at the right time. HAS have offtakes so just a case of bringing it to production and letting the profits do the talking, I don't think the deal with Wyloo was the best and partly the reason for the sell off but there is a general malaise across all resource stocks, EG1 being the best IPO of the year so far on the ASX, the tide will turn.

You certainly seem to be part of the dump crew Dallas.
Try since listing then +25% and given the shares were issued at 20 cents it's almost 100% up
https://www.google.com/finance/quote/EG1:ASX?window=YTD

You conveniently forgot EG1 +2.74% still trying to get some cheap shares?

£43m based on NAV and plenty of upside from there with Amapa, Sonora, Evergreen and EMH + HAS around 52w lows.

Amapa transaction to go to 30% valued it at $110m (30% = $33m = £26.5m) and Kiran sees any investment deal being for more than that.
Plus the options on Evergreen if drilling is successful

The value unlock is coming, have a close listen to the recent webinar, good opportunity for those who know.