Member Info for EV_Bull

Debt funding is for the $200m capex, I don't recall anything being mentioned for how we plan to fund our 22%. It expect that might be asked / answered on Friday though.

A loan may work out a lot better if for example the 10% could be sold later for $50m to pay back the $24m loan of course depending on what funding is at our disposal. Both options far better than dilution.

RK Equity’s Rodney Hooper says 2022 is the year OEMs & cell companies will be forced into major M&A or JV upstream #lithium deals to secure future supply at prices closer to the long-term incentive price #FastmarketsLBRM
https://twitter.com/AndreaHotter/status/1541859769870217223

It's in the annual report @tomcat.... however not necessarily 49% IMO... Could we for example sell 10% of Amapa for $24m and buy 22% for $24m end result 39% of Amapa at no additional cost, no placing, no dilution, no loans etc. That is what I am hoping for. (percentages may vary).
Note that KM wasn't explicit about 49%:

"During 2022, our priorities on the Amapa Iron Ore Project will be the publication of a maiden Ore Reserve Estimate, followed by the release of a PFS on the project. We also plan to increase our stake in the asset."

I have factored in $35/t KM estimated $30/t recently

Revenue $633,374,000 $45,963,200
Per Tonne Total
Opex $21/t $111,300,000
SG&A $2/t $10,600,000
Shipping $35/t $185,500,000
EBITDA $70/t $371,937,200
Capex/loan repayments (my est) $10/t $53,000,000
Total Costs $68/t $360,400,000
Gross Profit $60/t $318,937,200
Tax (Assumed 35%) $21/t $111,628,020
Net Profit (100%) $39 /t $207,309,180

Eyewatering figures even at the lower ore prices, looking forward to seeing the PFS.
Per year 65% 62% Total
Tonnes wmt 4,900,000 400,000 5,300,000
Price/dmt $140.50 $124.90
Price/wmt $129 $115 Weighted avg: $128
Revenue $633,374,000 $45,963,200 $679,337,200
After tax NPV8 (100%) 14yr $1,071,058,753
After tax NPV8 (100%) 25yr $1,441,420,516
NPV8 Per Cadence share (27%) £1.85
NPV8 Per Cadence share (49%) £3.36
NPV8 (27%) GBP £319,406,822
NPV8 (49%) GBP £579,664,233

Continued, albeit slower, growth in Australia, faster growth in Brazil and stabilisation in Mainland China’s ore output will be the main drivers of growth, Fitch says

Inevitable Jimb2, EMH having a good day too.

Maybe we can make use of it for a good price...!

https://audioboom.com/posts/8109978-alan-green-discusses-imperial-brands-on-the-beach-cadence-minerals
from 20:30

far better deal than $300k in CCZ shares

Well $6m Cash + LT/LS = $24m presumably.
$4m committed for drilling it (likely being spent from the $6m)

They have given half of the company away to LT/LS owners in exchange remember and have committed to give us even more if milestones are met.

120m Evergreen shares outstanding of $0.20 each giving $24m valuation.

During the completion process and in consultation with the applicable regulatory bodies, Evergreen was restricted from offering cash consideration, therefore the consideration will be entirely settled in Evergreen shares.

Evergreen is unlisted public company in Australia which has been specifically incorporated for the acquisition of lithium assets. The acquisition of LT and LS is its first acquisition. It raised AS$ 6 million to pursue this strategy. Evergreen now plans to list on the Australian Stock Exchange.

As is EMH of which we hold 8.1%, can you go and complain over there too please, just so they also get the message?
https://www.google.com/finance/quote/EMH:LON?window=YTD

I suspect it might be Evergreen Lithium
https://australia-corp.com/co/evergreen-lithium-pty-ltd

https://www.abr.business.gov.au/Search/ResultsAll?SearchText=Evergreen

"Raquel Dalseco explained to the press that the project is in the budgetary part, the last stage before the company returns to transporting the trains. "
"The company plans to carry out tests with the train circulation on some sections of the railway as early as 2022"

I'd suggest you use your opportunity to ask directly then Evan:

https://www.lse.co.uk/rns/KDNC/sale-of-yangibana-jv-interest-to-hastings-zw2ozee78zn8i8q.html
Q&A with Vox Markets,

CEO Kiran Morzaria will be recording an investor presentation and Q&A with Vox Markets, which will be released on Friday, 1 July 2022.

Shareholders and investors are invited to submit their questions to Katrina Perez at Vox Markets via her email at kperez@**********.co.uk. The questions should arrive no later than 6 pm on Wednesday, 29 June 2022. Any that arrive after the deadline will not be included in the Q&A.