Member Info for EV_Bull

https://ukdaily.news/westmidlands/closed-steel-production-could-reduce-emissions-by-90-percent-2-134733.html

Researchers at the University of Birmingham have developed a closed-loop recycling system for blast furnaces that they believe could virtually decarbonize the steel industry.

The system captures the CO2 from the top gas in furnaces, with a crystalline perovskite lattice splitting off CO and absorbing the remaining oxygen. The CO can be recycled to the blast furnace, while the absorbed oxygen can be released from the perovskite and used in the basic oxygen furnace for steelmaking, regenerating the perovskite material in the process.

According to the Birmingham team, this closed-cycle model could replace 90 percent of the coke typically used in current steelmaking. In the UK alone, it is claimed that the system – which could be retrofitted to existing steel mills – would deliver cost savings of £1.28bn over five years and reduce the UK’s overall emissions by almost 3 per cent. The work appears in Cleaner Production Magazine.

https://www.reuters.com/article/usa-mexico-economy-idINL1N3480Z8
MEXICO CITY, Jan 23 (Reuters) - Mexican Economy Minister Raquel Buenrostro said in an interview published on Monday that she would meet U.S. Commerce Secretary Gina Raimondo in the coming days.

Buenrostro told local media outlet Milenio that she would discuss development projects in the works, including the “Sonora Plan,” which aims to increase the supply of clean energy in northern Mexico, and a transportation network known as the Interoceanic Corridor in the southern part of the country.

It was not immediately clear when and where the meeting would take place.

What's most interesting to me is that Ganfeng hasn't felt the need to challenge it because as stated our licenses were already granted and valid. I take it to mean that the agreement is going to work out well for everyone, see what AMLO announces next month I guess.

Not to mention the potential for fossil free steel production.
https://www.reddit.com/r/CadenceMinerals/comments/qlrzq4/zamins_2013_plans_for_120m_amapa_steel_plant/

Amapa could interest a tier 1 if the other deposits in the area are able to be explored by them incl manganese. Having the integrated rail and port is rare and desirable.

The Saudi fund has $15bn to invest so you never know.

Yeah that is true, I think the permanent capital structure is certainly an advantage compared to a mutual fund structure.
The company name and mission is obviously about growing through reinvestment of the capital like a Berkshire Hathaway of mining I guess. It's obviously not made the returns the longer term holders were expecting but does seem to be on the verge of that transformation.

I think if anything once Amapa is funded to 49% if we get a windfall then if we stay undervalued using the profits to enact buybacks would be the best use of capital and value enhancing for shareholders.

Thanks for your contribution, of course everyone has different timescales but, you must of course realise that the future plan and outlook of a business affects the value of the share today?
e.g any company is worth should be determined by a discount of it's future cash flow (e.g an NPV)

My impression is that some want exposure to lithium but we are predominantly sold as an iron ore company now. The other thought I had is that say 3+ or 5+ years from now Cadence is receiving healthy dividends or sells out of some projects for a huge windfall, how does that money get allocated or distributed, being directly invested means the money (via dividend) would be flowing back directly to the shareholder to decide. Just some thoughts about the longer term and how the value gets realised because we are clearly undervalued.

It amazes me the our market cap is smaller than Zanaga (ZIOC) which currently owns some rocks with stage one potential for 12mtpa…..
Capital Cost Estimate from 2014
Total Stage One capital expenditures are estimated to be $2.2 billion, with $1.2 billion of direct costs and $1 billion of indirect costs and contingency.

We need $400m total (granted for half the production of theirs) have the infrastructure already, and have a proven project. Especially if you back out the value of our other assets we have the difference is stark considering how much more de-risked our project is sure only (30%/49%) but still seems crazy how little Amapa is being valued at. Partly why a an Amapa ipo may help.

Ganfeng are also gonna need more lithium…
https://www.scmp.com/business/china-business/article/3207506/ganfeng-lithiums-us22-billion-investment-plan-two-china-battery-projects-boosts-shares

Not sure, Davos?

Ah right, hopefully they will put it out on Twitter too

Short video clip with the Amapa PFS stats on.
https://youtu.be/FSlW0szyb_M

Andrés Manuel López Obrador, Plan Sonora
https://www.youtube.com/watch?v=vSjCGdz4ToI

Makes you wonder how we might trade as a pure EV metals / lithium play and a pure iron ore play if Amapa was spun off or sold at some point.

maybe, posted for entertainment purposes only

Zak Mir sees 25p for KDNC next month https://youtu.be/reaRc3VmsQc?t=226

Jesus works for a "a public policy research center that proposes effective solutions to the most important challenges in Mexico. Non-partisan and non-profit, we propose public policy to transform people's lives and promote the free exercise of their rights."
https://imco.org.mx/quienes-somos/
As I say I wouldn't take what he says as being accurate over AMLO or Durazo even if the quotes are recent.

I'd listen to Governer Durazo (my Wed 21:41 post) rather than Jesus (Jesús Carrillo, director of sustainable economy at the Mexican Institute for Competitiveness) as he's heavily involved in Plan Sonora.