The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Part of the problem here is that ANIC is the only cow in the field, so we can expect it to be milked hard by the owner! Until there's other investment options we have to give Jim what he wants in order to get a slice of the action, that's a downside to this share. Ultimately we have 3 options, Buy, Sell or Hold, beyond that it's out of our hands. Having said that if we continue on the growth path set in last 12-18 months for another 3-5 years I won't have any complaints. Big picture and all that...
Telegram group for those who are that way inclined https://bit.ly/3rfTQzZ
I'm in
SECURING TECHNOLOGY-CRITICAL METALS FOR BRITAIN
https://www.birmingham.ac.uk/documents/college-eps/energy/policy/policy-comission-securing-technology-critical-metals-for-britain.pdf
Great resource for anyone interested in critical raw materials and an unequivocal endorsement of the TM1 business case #notbonkers
Cheers Dumbo, some good points on MKA and juniors in general. Processing efficiency will be a big win for Pensana with so much of the refining being done at mine site using locally available reagents. No other western RE project has metallurgy expertise that comes close to Pensana's - we're on track to become the lowest cost producer outside of China. The potential is world-class, we just need appropriate funding to unlock it.
https://www.iea.org/reports/global-ev-outlook-2021/prospects-for-electric-vehicle-deployment
"In the Stated Policies Scenario, the global EV stock across all transport modes (excluding two/three-wheelers) expands from over 11 million in 2020 to almost 145 million vehicles by 2030, an annual average growth rate of nearly 30%. In this scenario, EVs account for about 7% of the road vehicle fleet by 2030. EV sales reach almost 15 million in 2025 and over 25 million vehicles in 2030, representing respectively 10% and 15% of all road vehicle sales."
Clearly the above scenario from IEA will result in battery metal demand that simply cannot be met by mining alone. The recycling industry will be a huge growth sector over this decade which is part of the reason why Redwood Materials is valued at $3.7 billion USD. This is currently an underdeveloped sector in UK and EU, TM1 will benefit by being early to market and production. The mining side adds supply security to their offtake package which will cover all major battery metals.
https://www.forbes.com/sites/mergermarket/2021/11/03/demand-for-metals-charges-up-lithium-ion-battery-recycling/
https://www.nature.com/articles/s41586-019-1682-5
https://bit.ly/3qS8JZ9 link to Tech Min Telegram group
Certainly a sector that’s attracting increased attention as decision makers realise that the green transition will require a ramp up for junior mining projects
https://www.amvestcapital.com/webinar-directory/pensana111721
SunDrum - seems a pretty fair assesment of where we are right now, only thing I didn't follow was your refernce to VV, a quick Google took me to this https://www.youtube.com/watch?v=0Y3qjfAMDsY
Metal - I was just trying to put it in context, obviously Dumbo and Theo will spin it to fit their agenda, I don't think we need to help them in that endevour! A quick look under the bonnet of LCM reveals that they aren't completely impartial and our resident trolls certainly aren't.
Metal - Pensana aren't reliant on UK government, although an ATF grant would be welcome it's not essential. The choice of Saltend made sense because of the existing infastructure, capacity for expansion, port access and, very importantly, a high skill workforce - freeport status further enhanced the case. While the UK was and is an attractive site for the plant it doesn't restrict Pensana to offtake agreements in the UK - I view the risk you descibe as negligible.