Member Info for IvRoche

Oh jeez, just when the board could breathe our resident f-wit is back with the usual bile...

Have used AI to do a simple re-run the Dundas PFS numbers from 2019 (incl ~29% inflation UK CPI) and updated spot price of $350/tonne. Results say nearly $400m net profit over the 9 year mine life... Still amazes me that nothing has ever been done with it and especially since ilmenite is on both the US and EU critical minerals list... with the EU actively going round giving low cost funding to such projects....

* Adjusted CapEx: $245,000,000 * 1.29 = $316,050,000

* Adjusted Annual Revenue (based on 440,000 tonnes/year): $440,000 \text{ tonnes} * $350/\text{tonne} = $154,000,000

* Adjusted Total Revenue (9 years): $154,000,000 * 9 = $1,386,000,000

* Inflated Original Total OpEx: $765,620,000 * 1.29 = $987,955,800

* Adjusted Net Profit (approximate, 9 years): $1,386,000,000 (Adjusted Revenue) - $987,955,800 (Inflated OpEx) = $398,044,200

Apart from a 10% stake in the Crawford project, that transaction pretty much covers all of Anglos Nickel Assets -> Nickel is no longer a core business for them due to Indonesias relentless output!

Anglo who hold the licenses around us on Disko island don't appear to be interested in Nickel anymore, could mean that another company could scoop up the licenses Anglo holds...

https://www.thechemicalengineer.com/news/anglo-american-sells-off-nickel-business-for-us-500m/

You two need to get a room...

Rach -> your behaviour is completely unhinged and useless FUD directed at Ashton is tiresome.

Ashton -> you sow what you reap, you unashamedly pump Bluejay / 80m despite company failings of which there are many.

There are a good number of people invested here and barely anyone comments anymore due to both of you!

Has your account been hacked Chef? You certainly don't seem to be the same person... Or is it that you have filled your boots at the current SP and now want to ramp the price back up?

Here you go CC, this is the best that I can come up with.

Timeline: 80M & MET1 Relationship (2023–2025)

July 2023 – Initial Transaction and IPO

Event: 80M sells FinnAust Mining Northern Oy to MET1.

Consideration:

£150,000 cash

62.5 million new MET1 shares issued to 80M

IPO Date: 31 July 2023 – MET1 lists on AIM

Total Shares Issued: 214,450,000 ordinary shares

80M Ownership: ~29.1% of MET1 (62.5/214.45M)

March 2025 – Second FinnAust Deal & Capital Restructure

Event: 80M agrees to sell FinnAust Mining Finland Oy to MET1

Consideration:

Small upfront cash

16,614,675 new shares in MET1 (preconsolidation)

Shareholder Approval: MET1 convenes a General Meeting

Capital Events:

10:1 share consolidation

Pre-consolidation: 214.45M

Post-consolidation: ~36.15M shares

Adjusted 80M Holding:

Old 62.5M → 6.25M post-consolidation

New issue of 16.6M → 1.661M post-consolidation

Total post-consolidation shares to 80M: ~7.91M

April–May 2025 – Exit of 80M

April 2025: 80M begins selling its entire MET1 position. May 2025: Full exit confirmed; 80M no longer a shareholder in MET1

Cash Raised: Approx. £2 million through MET1 share sales.

So in effect, we sold Black Shales, Hammaslahti and Outokumpu (and potentially Enonkoski) for nearly 2 million in shares and some change. And retained gas ready rights over the Finnish assets (however MET1 is going for Gold - so never likely to be developed).

Hope that helps.

$694/t

https://x.com/LithiumPriceBot?t=q3uJjrBXKuhfTI6AKF7EZw&s=09

Lithium Spod prices now 743/t - hopefully this will put a big nail in the proverbial coffin of many high cost producers to mothball or discontinue operations and potential future developments (reducing capacity) which will in turn support prices as demand remains constant/ increases.

@BFDInvestor

Kodal has estimated capex for Stage 2 at approx. US$175 million.

Details: Construction a flotation plant with a processing capacity of 2Mtpa, aiming to produce around 230,000 ktpa of 5.5% spod conc.

The flotation plant will process ore from the Boumou and Sogola-Baoulé deposits and is projected to have a 12-year mine life based on current mineral resource estimates.

Funding for Stage 2 is/was expected to come from the cash flow generated by Stage 1 operations.

I think if we can stretch the DMS plant life out a few more years with the expected resource increase to 50mt coupled with the expected uptick in spod prices over the coming years may be an idea to build up the capital...

Hopefully there is something new to update shareholders on the 12 May. If there is nothing new and it's just a regurgitation of the same messaging - that will be disappointing.

We need updates against the material items below.

1. Greenswitch (GS) Plant Operations

Plant Restart: GS facility undergoing refurbishment. 80M has indicated confidence in restarting the plant in the coming weeks, contingent upon necessary feedstock materials.

Production Ramp-Up: Following the restart, full production ramp-up is expected in Q3 2025. The initial focus will be on producing epoxidized soybean oil (ESO) and biofuels, with capacities of 5,000 tonnes/year and 10,000 tonnes/year, respectively. Plans are in place to scale biodiesel production to 50,000 tonnes/year in the subsequent quarter.

2. Pursuit of Government Grants and Incentives

Grant Reassignment Efforts: Greenswitch was previously awarded €10 million through Italy's National Recovery and Resilience Plan (PNRR) for green hydrogen development. However, this award expired before HV completed its acquisition of Greenswitch. HV is actively seeking the reassignment of this grant.

3. Expansion of Stake in Hydrogen Valley

Current Stake: As of January 2025, 80M has completed Stage 2 of its acquisition, resulting in a 24% interest in HV.

Option for Full Acquisition: 80M holds an option to increase its stake in HV to 100% within a 12 to 24-month window. Exercising this option would require an additional investment of £6.05 million, to be satisfied in cash or through the issuance of new ordinary shares.

4. Strategic Leadership and Business Unit Formation

New Business Unit: 80M is establishing a new industrial gas and petrochemical business unit to oversee its ventures in biofuels, sustainable aviation fuels (SAF), glycerine, and green hydrogen. To be led by Robert Price.

5. Resolution of Outstanding Legal and Financial Matters

Mortgage Discharge: The Greenswitch project is subject to mortgages exceeding €12 million, which were to be discharged prior to HV's acquisition. Due to administrative oversights, these have not yet been actioned. 80M intends to resolve this matter before acquiring a more substantial interest in the project. Note: These mortgages have not yet been discharged, due to what the company has described as "administrative oversights" by the seller or third parties involved.

Legal Disputes: While the Digitale case has been dismissed, Greenswitch remains involved in various disputes before the Italian courts concerning project ownership. The previous owner has indemnified HV against associated costs, and HV can suspend payments to the previous owner until these issues are resolved. 80M has stated it will not take a material position in HV until these matters are settled.

6. Market and Shareholder Communications

Offtake Agreements: 80M anticipates finalizing offtake agreements for 100% of Greenswitch's anticipated production, which would secure revenue streams and enhance project viability.

FUD FUD FUD...

I wonder how our local FUDer will spin this one... Lol

Not sure myself... But one thing was clear in Rod MCs body language no smiles for Disko but smiles for Hydrogen Valley. I think that's telling enough...

Actually, whatever happened to Enonkoski? Is that gone along with Thunderstone?

A whole 6 views of the video ain't great but thats not a bad update, let's hope his enthusiasm is matched by meaningful actual news flow on Disko etc...

Other interesting parts 30m for both holes including mobilisation/ demobilisation is a big investment and at 30% free carry assuming two holes are drilled is our market cap right now.

😂😂😂 agreed

I agree on Africa re: Risk of course.

Note: Endeavours group AISC is USD $1,129/oz.

Also those debt figures are out of date, per Q1 their debt is 380m.