Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great news. Huge potential.
"Following on from our recent announcement of high grade graphite in the Camp Lode, these additional excellent results at the Eastern Syncline Lode continue to highlight the robust results at Orom-Cross. Our drilling program has so far confirmed everything it was meant to in terms of location of graphite, shallow depths of the ore body, significant grade and evidence of larger flake sizes. These factors all combine to underline our belief that Orom-Cross is emerging as an outstanding graphite project."
Big buys continue to come through.
Graphite is going to be a hot commodity.
The US have it on their critical minerals list, the UK has identified it as being strategically important and the EU have it on their critical mineral list too. So with car manufacturers now publicly announcing their strategies to move fully into the EV market, the need for minerals associated with battery production are going to get ever more focus.
https://researchbriefings.files.parliament.uk/documents/POST-PN-0609/POST-PN-0609.pdf
https://post.parliament.uk/research-briefings/post-pn-0609/
Good to see a major holder buying. They have been holding this position since October so clearly see the value and opportunity.
Three mm’s on the bid, only one on the ask so clearly have some orders to fill.
GLA
Proposed production 25000t/annum
Estimated $1200/t average sale price based on mix of sizes = £30m revenue/annum
Estimated cost $300/t inc transporting product. = operating cost $7.5m/annum
So some tidy margins!!!
Ability to ramp up production as needed to meet demand.
Plant estimated to cost around 30m.
With the envisaged net profits I can see many funding options/partnerships being available.
If the JORC confirms their estimated then the only thing that people could be missing is the opportunity.
Looking good for a nice rise on open.
Great interview on Vox markets the other day.
https://www.**********.co.uk/media/6022979340dc224b8b88aa0f/?context=/series/daily-podcast/
Anyone else think they could break a deal with an end user Once they confirm the Jorc ( for example EV manufacture) partnering to fund the plant sounds like a sensible way forward. Regularly done in the oil and gas.
Given one years production pays back the plant costs it seems like a no brainier for a large EV company to secure the minerals it needs for its batteries.
Once they have the JORC i’m sure they could be discussing some very interesting proposals...
Given the initial area is less than 1% of the play, they wouldn’t even have to worry too much if more than one party was interested!
So much potential! LOL it’s huge!!!
This is great news. So much potential with graphite and graphene. I think TGR and BRES will be the biggest opportunities On the London stock exchange in 2021; with the EV market heating up and the demand for alternative energy becoming a primary focus across the world.
GLA
Two very nice statements in the update:
“All indications to date suggest Orom-Cross can deliver a high quality end-product.”
“ Whilst we have achieved a considerable amount during the year, I believe it is important to note that the quality and potential of the Company's core asset at Orom-Cross is clearly not yet reflected in the Company's share price and market capitalisation.”
Huge potential here and it won’t stay at 8p for very much longer in my view.
GLA.
They said they would start releasing assay results to the market to give a flavour of its potential. So these should be released prior to the JORC.
It sounded like they had already seen some results, so maybe soon!
GLA