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NPV is bonkers at that rate, what a bargain this could turn out to be.

https://thewest.com.au/business/mining/iron-ore-up-as-china-emerges-from-covid-malaise--c-7036639

The Limiting Factor:
For extreme scaling, Tesla will need extreme volumes of raw materials. The video will explore the battery materials strategies that Tesla can use to maintain a 50% growth rate.
https://www.youtube.com/watch?v=5GYobz2NSc4

During the press conference at the National Palace, the president assured that his administration is open to entering into conversations and agreements with private actors regarding the extraction of lithium in the country, as was done with the companies and consumers who carried out electric self-supply.

When asked if representatives of the Chinese company Ganfeng Lithium had contacted representatives of the federal government to talk about the operation of the deposit that it has under concession in Sonora, the president clarified that, up to now, no such communication has been given.

...currently 29c in Santana, A mix of clouds and sun with a slight chance of thunderstorms this afternoon. High 32C. Winds light and variable. Chance of rain 30%.....

for the confused I have posted here:
https://www.reddit.com/r/CadenceMinerals/comments/v1lyxd/updated_satellite_imagery_shows_increased/

1/ About two weeks for JIA YUE, previously 90% was paid on departure and the rest on arrival after verifying the grade & moisture.

2/ the timeline is July, although lots of other news can land in the mean time.

FYI, there are frequent updates on the Dev Insta & FB pages, not everything needs to be regulatory news (RNS).
https://www.facebook.com/DEVMineracao
https://www.instagram.com/devmineracao/

Putting my valuation another way, if the operational mine is worth circa $660m and takes $200m to refurb has $100m in debt subtract our $30m for 49% and $40m in stockpiles our mine would be worth approx
$660m - $200m - $100m + $30m + $40m = $430m
$210m valuation for our 49% which is 7x the $30m investment.
$116m 27%
Our market Cap is £25m which includes 9% of EMH. Patient investors will be rewarded.

The $6m we have paid has gone in to the project as would the money for 49% (est $24m), this is stipulated in the judicial recovery plan.
Kiran has said Indo Sino won’t be able to (possibly can’t) fund the Amapa project so an IPO is being looked at for the project to get that additional funding, therefore we could get the mine fully funded. I presume there is also the option of another party buying in to the project to help fund it, or of course an outright sale for the right price.

Have a look here for more info:
https://www.reddit.com/r/CadenceMinerals/comments/q800za/amapa_details_on_the_49_option/
And also watch the latest presentation
https://www.reddit.com/r/CadenceMinerals/comments/u1f2f4/shares_magazine_investor_evening_presentation_by/

Funding partners for the project were actually lined up by Cadence when the project was taken on and one of the reasons we were chosen as the partner for Indo Sino (IMO). Our chairman is a fund manager and has contacts. I personally think we could do a deal where we get a loan to take the 49% and then pay that back as part of the IPO or sale for a quick profit of 3x, we could have say 35-40% of the project at no additional cost, and then maybe go to owning 30% of a fully funded project, without any additional capital. This is obviously what Indo Sino are also doing and the IPO gives everyone a valuation and an exit strategy. I don’t think many understand this and I don’t think a raise or dilution is inevitable for the 49%, fear of which may be holding us back.

Yes, I expect to hear about this LT/LS deal soon: https://www.lse.co.uk/rns/KDNC/conditional-sale-agreement-of-its-stake-in-lt-ls-4ecc6o807ndf2s7.html

Yep, you're essentially buying every £1 of placing cash raised (at 20.5p) in the company for <75p currently

This is the point though Mike, you bought based on what you read on here rather than doing your own homework. If you aren't doing your own research you should be investing in an index fund.

Regarding my own posts I try to provide quotes and links to what I am referencing as does Observer so you can do your own homework. I do believe the assets are far far more valuable than the SP infers, because I have done my own analysis on them and including NPVs and cash flow forecasts (if I didn't I'd be selling instead of buying).

I think if you bought under DL then you bought the hype not the asset value, I have my thoughts on the guy but I have only been here 18 months, there is no longer any hype and we are trading below the asset value, a bargain currently. The stock doesn't know you own it nor what you paid. You are clearly posting emotionally but that is a very bad way to invest.
https://www.youtube.com/watch?v=RXFpr-ghRtI

Why is it “emotional” to complain about a drop in shareprice - https://www.youtube.com/watch?v=ow7eg_n6ZGk

Netflix is 68% down YTD btw
FB ~50% down
Stocks go up and down for various reasons and not all of those reasons are based on the fundamentals

you guys are way too emotional to be picking individual stocks

https://ranagruber.no/media/leading-the-way-to-green-steel/
Higher grade ore reduces input needs
Higher grade iron ore contains more iron, meaning that steelmakers need less iron ore to produce the same amount of steel, resulting in both less waste and reduced carbon emissions in the production. Demand for high-grade iron ore is increasing because of higher carbon prices.

In addition, this positive demand trend for high-grade iron ore is driven by leading European steelmakers’ target to reduce net carbon emissions by 30 per cent by 2030, and by 100 per cent by 2050. Increasing the iron ore grade from 63 per cent to 65 per cent is an important part of Rana Gruber’s contribution to the decarbonisation of the industry. When this is realised, the company expects increased appreciation for Rana Gruber’s products and hence increased price premiums.

The steel industry is gradually introducing more ambitious decarbonisation targets, as the transition to green steel requires changes in the entire value chain. While Rana Gruber is targeting carbon free mining operations, Cargill is working to decarbonise shipping. Each year, Cargill moves around 50 million tons of iron ore and 6 million tons of steel globally. European steel producers aim to be carbon neutral by 2050.

Not widely understood, but I will repeat, 65% iron ore is a premium product there is a reason it sells for a massive premium above the lower grades.

Many companies will be interested in Amapa, I expect our PFS to be roughly 6x better economically than Macarthur Minerals project.
2012: "LONDON (Reuters) - At least four suitors including commodities trader Glencore GLEN.L are in the bidding process for miner Anglo American's AAL.L majority stake in the Amapa iron ore operation in northern Brazil, according to sources familiar with the matter."

The value here is very poorly understood, ~$200m capex is basically nothing from an investment perspective for a major when the production annually will be generating a net profit around $250m/yr.

just a few days ago:
China's Sinosteel signs $680 million iron ore mine deal with Cameroon
https://www.reuters.com/world/africa/chinas-sinosteel-signs-680-mln-iron-ore-mine-deal-with-cameroon-2022-05-20/
$675.96 million for a 60% iron ore product, and we have 65% and existing infrastructure......

£100m is a good target for now, £200m+ with the right developments across our holdings.