Member Info for EV_Bull

I don't have live data but google showing 500k buy at 28p 13:43

The 150k x 2 trade could be a rollover

Indeed @Obs and I'm very pleasantly surprised with what I've managed to deduce from said numbers regarding class II, if you get what I mean.

Highlights:
The 2019 PFS Update for the Cinovec Project has been updated to demonstrate the effect of changes in the mining process to incorporate the use of paste backfill, which results in an increase in annual production, together with changes in lithium and by-product prices to reflect current and expected market conditions.

Annual production of battery grade lithium hydroxide monohydrate modelled to increase from 25,267 tpa to 29,386 tpa, an increase of 16%.

NPV8 (post tax) increases from US$1.108B to US$1.938B, an increase of 74.9%, based upon a lithium hydroxide price of USD17,000 per tonne which is significantly less than the current price.

Post tax IRR of 36.3% and a payback period of 2.5 years from the commencement of production.

Up-front capital cost due to backfilling plant and additional capital costs to produce 29,386 tpa lithium hydroxide increased to US$644m.

This 2022 PFS Update assumes the life of mine extraction of 13.1% of the Measured and Indicated JORC Resources at Cinovec.

Use of tailings for backfill will result in a far smaller environmental impact, further enhancing the Project’s already strong ESG credentials.

https://www.investi.com.au/api/announcements/emh/7381a65f-d0b.pdf

Because you take money when it's available, not when you desperately need it.

(Halted) pending the release of an announcement relating to an update on the PFS for the Cinovec Project.
https://www.investi.com.au/api/announcements/emh/58ffc5f1-b97.pdf

(Halted) pending the release of an announcement relating to an update on the PFS for the Cinovec Project.

Justin Urquhart Stewart panellist on v o x Capital Markets Summit 17th Jan 2022 - https://www.youtube.com/watch?v=yl0a2hJXfbk

https://www.branduk.net/daily-mail-justin-urquhart-stewart-co-founder-seven-investment-management-tips-cadence-minerals-at-28p/

https://www.catho.com.br/vagas/especialista-em-meio-ambiente-e-sustentabilidade/20091786/?origem_apply=busca-de-vagas&entrada_apply=direto

Hiring:

"Specialist in Environment and Sustainability From R$ 15,001.00 to R$ 20,000.00 DEV Mining Degree in Environmental Engineering, with registration at CREA or Bachelor's degree in Biological Sciences with specialization in Environmental Management"

WHI View: The crystallisation of a 20% (expected to soon rise to 27%) ownership in Amapa will transform Cadence. We see the Amapa project as quick-to-production project producing a premium product which will have a market. That the mine was in operation before and closed for reasons outside its control derisks the whole project in our opinion and we see Amapa capable of providing significant returns to shareholders in time.

Fixed Links:
# Amapá Iron Ore Mine, Brazil [[KDNC]( https://www.cadenceminerals.com/projects/amapa-iron/ )] [[Flair]( https://www.reddit.com/r/CadenceMinerals/?f=flair_name%3A%22DEV%20Minera%C3%A7%C3%A3o%20%2F%20Amap%C3%A1%22 )]

* The Amapá Iron Ore System is an integrated mine, railway and port which was previously owned by Anglo American, Anglo had an estimated internal valuation of [$3.2B in 2008]( https://www.reddit.com/r/CadenceMinerals/comments/q56bac/comment/hlt8945/ ) and the mining operation generated profits of $171m in 2011 and $77m in 2012.
* The mine is a major source of employment in the state and when operating previously was the largest employer in the state and represented the largest contributor to the GDP of Amapá amounting to [20% on a turnover basis]( https://youtu.be/KMXHY5nn-sU?t=499 ) and 1-3% based on profitability. The mine will [employ 600-800 workers]( https://youtu.be/KMXHY5nn-sU?t=528 ) and indirectly 4000 workers. The economic prosperity of the region is linked to the success of the mine.
* **2020-11-02** Cadence updated the [Mineral Resource Estimate]( http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428202001057764 ) on 2 November 2020, increasing the MRE by 21%. The current MRE contains an Mineral Resource of 176.7 million tonnes grading 39.7% Fe in the Indicated category and Mineral Resource of 8.7Mt at 36.9% in the Inferred category, both reported within an optimised pit shell and using a cut-off grade of 25% Fe. The ore will be beneficiated at the mine to 65% grade "pellet feed" and transported to the private port via rail. The mine has huge [expansion potential]( https://youtu.be/5iOT8agwzIY?t=435 ) beyond the initial 14 year mine life.
* **2021-09-29** Rehabilitation work is already [in progress]( http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428213863568153 ) at the port and mine funded by sales of stockpiles generating around $8m. Work including port refurbishments and fortnightly dam inspections / maintenance required for compliance and licensing is ongoing.
* **2021-12-29** Announcement of [Execution of Binding Bank Settlement Agreement]( https://www.reddit.com/r/CadenceMinerals/comments/rr3o14/rns_execution_of_settlement_agreement_and_vesting/ ) enabling Cadence to take 20% ownership of the mine operated by DEV Mineração (in judicial recovery) for $2.5m which is already in escrow.
* Outstanding creditors reduced from $231m to $103m with secured creditors to be payed over 2 years with net profits from existing stockpiles.
* The parties are now completing and filing the required contractual and regulatory documentation which is expected to be complete in February.
* Cadence is already working on raising its stake from 20% to 27% and Cadence has a first right of refusal to own 49% of the company expected to occur in H2/22 or H1/23.

Contd...
* Management team meeting weekly with the Amapá government to ensure the success of the project.
* DEV Recruitment ongoing:
* **2021-09/10** [Several positions]( https://www.reddit.com/r/CadenceMinerals/comments/pyp96t/dev_minera%C3%A7%C3%A3o_recruitment_for_several_positions/ )
* **2021-11-20** [Geologist]( https://www.reddit.com/r/CadenceMinerals/comments/qz0ogq/dev_minera%C3%A7%C3%A3o_is_now_looking_to_recruit_a/ )
* **2021-11-21** [Economic and Financial Analysis]( https://www.reddit.com/r/CadenceMinerals/comments/qzpmzu/more_recruitment_underway_dev_mineração_is_hiring/ )
* **2022-01-07** [Hiring 40 temporary workers]( https://www.reddit.com/r/CadenceMinerals/comments/rybp13/dev_minera%C3%A7%C3%A3o_hiring_40_workers/ ) to clean the mine area.
* **2022-01-14** Pre-Feasibility Study [Progress Update]( https://youtu.be/5iOT8agwzIY?t=540 )
* [Previous PFS Announcements]( https://www.investegate.co.uk/cadence-minerals-plc/rns/positive-operational-progress-at-the-amapa-project/202107290700078296G/ ) detailed the companies that have been hired for this work.
* Railway study is completed and being reviewed for cost optimisations.
* Consultants have been identified for Shipping, process engineering and mine planning, historical documents being obtained for port studies.
* Tony Cau, former CTO of Zamin South America has been [hired to work on the Amapa Project]( http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428223526507925 ).
* License work ongoing to re-establish previous licenses including operational, environmental and dam licensing.
* Cadence [has been approached]( https://youtu.be/5iOT8agwzIY?t=1476 ) for early stage talks by several possible strategic investors, financiers and off-takers.

# Yangibana Rare Earth Project, Australia (ASX:HAS JV) [[KDNC]( https://www.cadenceminerals.com/projects/yangibana-rare-earth-project-2/ )] [[Flair]( https://www.reddit.com/r/CadenceMinerals/?f=flair_name%3A%22Yangibana%20Project%20%2F%20Hastings%20JV%22 )]

* **2021-08-25** Surface infrastructure development activities have [commenced]( https://www.investi.com.au/api/announcements/has/1976a11d-243.pdf )
* **2021-10-25** Hastings' debt financing talks are advancing well and [were scheduled for conclusion before the end of 2021]( https://www.reddit.com/r/CadenceMinerals/comments/qg3nn6/hastings_technology_metals_ltd_hasax_commonwealth/ )

# European Metal Holdings, Cinovec, Czech Republic (LSE:EMH) [[KDNC]( https://www.cadenceminerals.com/projects/cinovec-lithium/ )] [[Flair]( https://www.reddit.com/r/CadenceMinerals/?f=flair_name%3A%22EMH%3A%20European%20Metals%20Holdings%22 )]

* **2021-05-31** [Soft debt / EU grants and financing deals]( https://www.youtube.com/watch?v=eA1cuT6z1SA&t=1383s )
* **2021-07-27** [CEZ Gigafactory news]( https://www.cez.cz/en/media/press-releases/the-first-step-to-towards-the-construction-of-the-gigafactory.-the-mit-and-cez-sign-a-memorandum-147566 )
* **2021-08-01** Potential plans to [double production to 50kt]( https://youtu.be/AuBBecki3rI?t=294 ) (using two shifts)
* **2021-10-13** Anticipated [timeline]( https://youtu.be/-HzHHwSRGbg?t=96 )
* DFS will be concluded early 2022, moving into a final investment decision
* Hope to be funded about this time next year and moving towards construction
* First commercial battery grade lithium chemicals/hydroxide/carbonate production by 2024
* **2021-11-09** [Offtake discussions]( https://www.reddit.com/r/CadenceMinerals/comments/qqz9ji/southwest_connect_qa_keith_coughlan_of_european/hk71cao/ )
* **2021-11-21** [Expect to shortly provide a market update]( https://www.reddit.com/r/CadenceMinerals/comments/r0j0pl/european_metals_holdings_present_minviro_lca_esg/ ) covering the additional benefits of a mine backfill study and a revised PFS which updates the project economics and value of the Project

# Australian Lithium Tenements - LT&LS [[KDNC]( https://www.cadenceminerals.com/projects/lt-ls/ )] [[Flair]( https://www.reddit.com/r/CadenceMinerals/?f=flair_name%3A%22Australian%20Lithium%20Assets%20%28LT%26LS%29%22 )]

* **2022-01-14** [CCZ Option agreement cancelled]( https://www.reddit.com/r/CadenceMinerals/comments/s3nwyq/rns_cadence_minerals_plc_project_corporate/ ).
* **2022-01-14** [Assay results have been returned]( https://youtu.be/5iOT8agwzIY?t=1109 ) and are being analysed to identify drill targets and will be reported to the market soon.

# Sonora Lithium Project, Mexico (LSE:BCN / Ganfeng Joint Venture) [[KDNC](https://www.cadenceminerals.com/projects/sonora-lithium-project/)] [[Flair]( https://www.reddit.com/r/CadenceMinerals/?f=flair_name%3A%22Mexico%20%2F%20BCN%20%2F%20Sonora%20JV%22 )]

* **2021-09-24** Ganfeng plans to [accelerate construction]( https://www.reddit.com/r/CadenceMinerals/comments/q4h7fc/ganfeng_interim_report_2021_the_company_will/ )
* **2021-10-20** Ganfeng [reviewing plans]( https://www.reddit.com/r/CadenceMinerals/comments/qbvifl/sonora_project_update_ganfeng_is_reviewing_a/ ) for a production rate above 17.5ktpa and an additional 500 hectares of land acquired at the eastern end of the plant site location to allow for future plant expansions
* **2021-11-14** Discussion around the above [expansion plans](https://www.reddit.com/r/CadenceMinerals/comments/qtpwkw/bcn_rns_sonora_project_update_ganfeng_expansion/)
* **2021-12-17** Ganfeng's Bacanora buy out [became unconditional]( https://polaris.brighterir.com/public/bacanora_lithium/news/rns/story/xj102ox ) with 73.9% acceptance at 1.00 p.m. on 16 December 2021
* **2021-12-23** Ganfeng stake in Bacanora Lithium reaches 75% and [announces intention to delist]( https://www.reddit.com/r/CadenceMinerals/comments/rmvdp1/ganfeng_stake_in_bacanora_lithium_reaches_75_and/ ) its shares on 26 January 2022
* **2022-01-14** Ganfeng stake in Bacanora Lithium [reaches 85%]( https://www.reddit.com/r/CadenceMinerals/comments/s4lpdk/ganfeng_reaches_8585_ownership_of_bacanora/ )

I disagree Mike, don't waste your time on them, not worth the effort, focus on the fundamentals of the company and what is to come.

# Amapá Iron Ore Mine, Brazil [[KDNC](https://www.cadenceminerals.com/projects/amapa-iron/)] [[Flair](https://www.reddit.com/r/CadenceMinerals/?f=flair_name%3A%22DEV%20Minera%C3%A7%C3%A3o%20%2F%20Amap%C3%A1%22)]

* The Amapá Iron Ore System is an integrated mine, railway and port which was previously owned by Anglo American, Anglo had an estimated internal valuation of [$3.2B in 2008](https://www.reddit.com/r/CadenceMinerals/comments/q56bac/comment/hlt8945/) and the mining operation generated profits of $171m in 2011 and $77m in 2012.
* The mine is a major source of employment in the state and when operating previously was the largest employer in the state and represented the largest contributor to the GDP of Amapá amounting to [20% on a turnover basis](https://youtu.be/KMXHY5nn-sU?t=499) and 1-3% based on profitability. The mine will [employ 600-800 workers](https://youtu.be/KMXHY5nn-sU?t=528) and indirectly 4000 workers. The economic prosperity of the region is linked to the success of the mine.
* **2020-11-02** Cadence updated the [Mineral Resource Estimate](http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428202001057764) on 2 November 2020, increasing the MRE by 21%. The current MRE contains an Mineral Resource of 176.7 million tonnes grading 39.7% Fe in the Indicated category and Mineral Resource of 8.7Mt at 36.9% in the Inferred category, both reported within an optimised pit shell and using a cut-off grade of 25% Fe. The ore will be beneficiated at the mine to 65% grade "pellet feed" and transported to the private port via rail. The mine has huge [expansion potential](https://youtu.be/5iOT8agwzIY?t=435) beyond the initial 14 year mine life.
* **2021-09-29** Rehabilitation work is already [in progress](http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428213863568153) at the port and mine funded by sales of stockpiles generating around $8m. Work including port refurbishments and fortnightly dam inspections / maintenance required for compliance and licensing is ongoing.
* **2021-12-29** Announcement of [Execution of Binding Bank Settlement Agreement](https://www.reddit.com/r/CadenceMinerals/comments/rr3o14/rns_execution_of_settlement_agreement_and_vesting/) enabling Cadence to take 20% ownership of the mine operated by DEV Mineração (in judicial recovery) for $2.5m which is already in escrow.
* Outstanding creditors reduced from $231m to $103m with secured creditors to be payed over 2 years with net profits from existing stockpiles.
* The parties are now completing and filing the required contractual and regulatory documentation which is expected to be complete in February.
* Cadence is already working on raising its stake from 20% to 27% and Cadence has a first right of refusal to own 49% of the company expected to occur in H2/22 or H1/23.

Hopefully those assays are good, looking forward to hearing about them.
Sonora must have quadrupled in terms of NPV with Ganfeng at the helm and accelerating production, very undervalued.

Not only Sonora Obs...
https://www.youtube.com/watch?v=OhNxe0xLh3Y
27 mins in
Q: what's more likely to triple right or quadruple from here, you know a company that's already four or five billion market cap you know or one that's 25 or 50 million market cap .
A: So exactly and also the juniors are adding a lot of value so you know if I go from a from a situation where I don't have a resource to a situation where I've got a you know 20 million tons at one percent lithium oxide then obviously I've added a lot of value and you know I could triple quadruple go up 10 times or whatever like that so yeah, I think as the as the cycle matures you start to look a little bit lower down the market cap spectrum to realize appreciation.

https://www.youtube.com/watch?v=OhNxe0xLh3Y
Matt Fernley of Battery Materials Review and The Volta Hedge fund shares his analysis pointing toward $5,000 spodumene and $60,000 lithium carbonate prices and why high lithium battery materials prices are likely to significantly constrain EV sales growth.
https://www.batterymaterialsreview.com/ourblogs/how-high-could-lithium-prices-go/