Member Info for GaiasKidney

Work is already going on at Reedmere with geotec. But a major flag for what they have planned (bar a PP delay or finance hold up) is the planning submission to Highways showing expected site traffic movements. No work now I'm aware of at the old site. Useful capital asset regardless.

21/2/2022 'Pensana traffic movement'

https://newplanningaccess.eastriding.gov.uk/newplanningaccess/applicationDetails.do?activeTab=documents&keyVal=R4IWELBJHDC00

See how it goes.

ATB.

OEMs have invested too much now to slow the transition. Look at the China, Europe, US figures for EV units and ICE units, the EV proportion just keeps going up. As have battery makers. But that's where it ends. Up the chain there is need for more cathode material makers, Li refiners and obs mining.

Two headwinds are developing to slow the rate of transition: battery metals costs forcing cost cutting/price rises/earnings loss and general economic uncertainty slowing the purchasing from early adopters and general buyers considering an EV. But transition will continue, bar a volte face on carbon from Western governments.

The outcome will be that some of the inefficient EV makers and those that have not effectively secured upstream supplies will go to the wall. The large and well established and supplied OEMs will take the pain and have the market in the end.

AISI Li will remain in very strong demand still for quite a few years as miners will not be able to keep pace with even a slowing demand increase rate.

Final investment decision made by end of play tomorrow then.

A lot spent on kit for the two sites already.

Full build flagged to start in June so capex finance before then.

220kt of LCE with LCE spot at $80k/t?

Big number that.

With lithium this high- and looking to stay this high- cut for clay can go as low as 200.

With the PFS getting the LoM above 12yrs was the main ambition. Now they can state this AND produce at well above 300k/y of spodumene. Near 500k is now feasible .

No need to wait for any further drilling for this PFS. Every reason to up the basis price for spod with spot price nudging 4k and looking to settle above 3k. Earnings est can easily double from previous.

No objection.

Expect them to come rolling in now.

https://piedmontlithium.com/piedmont-announces-proposed-public-offering-of-common-stock/

Up regardless.

16.25 paid.

Reedmere flagged for new economy carbon reduction industrial development for some time now. Part of Paull Stage 2

https://greenporthull.co.uk/projects/paull-stage-2

Owner Associated British Ports.

Yes, a PFS showing LoM above 12yrs and a firmed up resource greater than 24mt will be that much more impressive.

Peidmont will be having to raise to finance.

Tnx.

Will the results of the just commenced drilling feed into the PFS.

The project has enlarged a lot from the original UK NdPrOx separation facility plan. Now MRES to magnet metal, taking in third party REO plus 'circular economy' reprocessing of scrap magnets in close collaboration with Equinor. Far bigger, commanding much more of the value chain.

This is what will make the scheme far more bankable.

https://www.arultd.com/projects/nolans.html

P12. Spot SC6 taken as @ $4k.

Ewoyaa NPV = $789m for SC6 @ $900. With Gaston County base spod is 1200, NPV @ 4000 is 4x more.

If Ewoyaa spod can go at anywhere near spot we are looking at the value attributable to ALL today north of $2bn and revenue on half 300kt production around 600m/y.

Ewoyaa PFS this H1.

Perhaps PRE should re-list in Aus? ....and get on the Nas!

One short snippet in the rns was:

"Optimisation of Saltend's civil & earthworks for load bearing structures undertaken alongside the completion of detailed geotechnical investigation, which will shorten the construction period..."

Explains the closing off of Reedmere.

Will be impressive if they achieve a June construction start as flagged.

For NdProx sold at $17/kg. Spot

https://www.metal.com/Rare-Earth-Oxides/201102250162

Approx earnings minus debt paydown, say $100m/y, gives $400m/y, PER of 8 gives mcap $3bn.

Dilution to tot 500m shares to raise ~1/3rd of capex gives £4.50 per share.

Planned schedule from last pres was FEED, gov grant agreed, bond raise and then placing.

See at what it goes at.

GLHs

Ha. Tractor.

Hog

Check the 21 feb 'Pensana traffic movement ' doc for expected dates construction/production start.

Also most recent comment suggesting a local tenant farmer cannot now wander through Reedmere on his tracker anymore, suggesting indeed the site is already closed off for work.

I reckon there will be a slowdown in the growth rate this year though from remaining high price differential EV/ICE , OEMs struggling to get green materials and richer end buyers' spending reluctance rising. But balancing against higher fossil fuel.

UK conflicting forces

https://www.am-online.com/news/market-insight/2022/03/08/consumer-interest-in-evs-declines-as-prices-remain-high-says-auto-trader

https://www.am-online.com/news/market-insight/2022/03/09/fuel-price-crisis-re-ignites-ev-demand

EV vol Projections scale back? "Constrained this year " Hooper

https://www.reddit.com/r/CadenceMinerals/comments/stgrzu/rock_stock_channel_lithium_higher_love_again/

ALL will do OK.