Member Info for Gallmat

Seems nuts.

Dominican had Discussion on 10k units

Also in Africa in one country allocation with 5k and target of 10k.

There is alot of focus on the Chile deal, but this could open up multiple deals

One important thing is. Hydrogen is a pain for transport. It burns at low temperature and is a very small molecule- it can leak.

The beauty of our hazer tech is that they make the hydrogen at the site where it is used.

People say blue hydrogen might be as good well.

If you are blessed with locating next to a carbon capture project yes.

But if your existing plant is nowhere near the blue hydrogen site you need to transport it. More costs...more issues.

I like hazer. No transporting at all!

Interesting interview. Might need some money but they indicate a 6m payback on the plant which is very fast.

Getting such a large contract is a good marker for other countries.

Honestly I really think Ed is backed into a corner.

If he says no gas extraction at all the other parties will have a field day. Also the gov wants revenuem

The only way to back down with face is approve gas extraction in an integrated project like mesh.

Ed will actually look clever as we are using gas for new industries.

I suspect however there is more pressure and he might approve some extraction for tie ins.

One thing to have principals but when your job is on the line, most people give in. He needs to take some action to get energy prices down or politically he is screwed

Graphite is inaccurate. Check hazer who own the tech 500 usd per ton is deemed Conservative and yes we say some at 1k.

Remember we will split our 60k T+, some might be higher end but most likely it is a blended output use.

I know some are using like 3k a ton, might come through but don't bank on it.

Anyway. I'd you match the price of blue hydrogen with our turquoise hydrogen then graphite is kind of free.

We could have a great setup here. A standard gas extraction project that backs up our market cap and alot of other exciting projects. Turquoise hydrogen, graphite, ammonia, LDES.

Personally I don't think the wait for news will be long.

Ed milliband is getting smashed about.

If he approves rosebank he will open the door to extraction. If he does not, the conservatives and reform will attack him. His defense will be I will allow extraction that makes sense, is economic and environmental.. I.e EPP.

I think we are in a good place either way!

I think people are also missing the point. The company has been advancing the gas extraction and gas storage project.

If Ed does a u turn then I think we will be ready to go ahead. This stage 1 part of mesh will make the company real with revenues made 12 to 18m away if you look at ipo presentation.

I would also think they would have to get that equity partner to invest and it won't be at 6p.

All eyes should be on the gas license. Expanding the salt caverns is great for LDES, but we want a company that says they are building something now.

Agree on the numbers. They are still impressive even with your discounts.

The key thing is other JV can now point to an active 400m eur+ contract when they bid.

There is a good chance for other deals.

There is a huge concentration of wind power also in Scotland and off the east of England. It think there is am issue with lower output in Scotland exceeding the ability of the transmission network.

Given this, I really expect to also see applications in other wind farm concentrations in the east of England to replicate the mesh concept.

I would not be surprised if there are other applications drafted for other areas. Sounds like a land grab.

While you have been flagged as having gov support get the acerage

Usar and ucore are pulling back. A general thing

Ed.

Aha, 100pct agree on that. The rare earths Is definitely driving the rerate. I get what you mean.

Nobody is getting excited about a lump of iron even If it has value

This view might be contentious but I think we are cheaper now than when we were 12p. Why, the gold price

1. Our gold assets have more chance of being developed. If your margin on production was in say 500 people are like. Ugh mali. But gold at 4000 that margin is much higher. People might say, damn small.investment give it a go

2. Our claim is increasing in value when we recalculate in two ways.

A) imho our claim I think assumes a working mine, working today so yes technically we are producing at 4000 usd an oz not 3000usd an oz. India cannot argue about the sale price of this gold in our calc.

B) There is a chance future production will be valued at higher rates

3) and I put low probability on this. The higher the gold price the more pain for India in lost current revenue and damages. But I still think no early settlement

If you look at all cases icsid it is 50/50. Clearly not all od these are backed by litigation funders and many could be speculative.

If you take 1.6bn add 3 years of accrued interest you hit 2bn claim.

I think given gold at 4000 vs 3000 when our claim was made. You could benchmark claim at 2.2 to 2.5bn on future

So we are trading on 2pct.

Honestly trying to put exact percentages seems a bit redundant. We trade maybe at 2pct of a guessed revised claim value.

We also have gold assets, ok in mali, but gold is at historic highs. Margins on gold production have never been this high.

Mali might not be great but hey someone might want to move it forward.

2pct of adjusted claim value with mining assets is just cheap. I don't need to think too much

Ed

Just wait and see for mag iron. The total project capex indicated preciously on website was just over 100m usd. Jt indicating 1bn npv.

Cotecs 170m npv might need very low commitment.

We will see soon. Might be wrong. Maybe the prior estimates are out of date

After all. When the did an ipo they said it is a very simple gas project. Tie back in shallow water and well understood.

If we get that license ( which I believe) you would think we are ready to get ok with it

Thanks

I will listen. Charles in the article was indicating long timeframes. To my mind if we get the gas storage license that is pretty advanced and ready to go.

Looking forward to hearing what Ben says

Magneto is mag iron. Sorry for type error

Actually don't agree with value being tate earths.

Lac gen will have npv of 130 to 150m

Magneto npv of 170m.

Magneto is low capex as brownfield. Lac gen will likely get some incentives.

Good chance these iron ore assets underwrite current value.

You do know you can buy cotec and get exposure to rare earths, iron ore. They will also hopefully have copper asset at end of year as well.