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$350m NPV $35m Capex

Thats the scoping study economics

With higher grades since and higher purities DFS is likely to beat that

Show me another £7m cap miner that can beat those numbers - you wont find one, Walkabout Resources on ASX trading at £45m cap and its numbers are not as good and Capex way higher

This is where research wins out chaps and why ive repeatedly made money from doing so

see the numpties have turned up

the company have a new asset and new team behind it - however if you invest in a 'name' then yes sell up or stay away

if however you want to invest in a company with high end purity product that will command premium pricing in a growing market where the peers in the region are already doing so and you like a capital payback of 1 year with a Capex/NPV ratio of 1:10 which is simple phenomenal then do some research

at least state a case of of they you wouldnt invest rather than its a crappy company lol.

Ive added a further 130k today and intend on adding more on this dip - the company remains hugely undervalued and I have the luxury of working a nice average

I expect anywhere between 5 and 7p post DFS and offtake deals so happy to add now before the herd

Book looking good just 200k shares I can see sub 2p then its 2.07p and a hike after that - the next wave should be strong if todays seller has quit !

Further off-take news would be great now

yep black rock hit £35m and Walkabout £60m

way way undervalued

absolutely - this could fly tomorrow as I think 2-3p area will be a lot easier than breaking 2p

all the big news to come too!

interesting thought since china have been shutting down graphite production internally perhaps the china producers will buy quality remote projects?

Looks like a precursor now to binding offtake which if for battery grade product being 97% pure will command premium prices

great stuff for the DFS

looks set for that attack on 2.7 area

Good video post from ADVFN

Short video covering recent news, what it means for ACP and the stark comparison to walkabout resources capped at £45m

ACP project has even healthier economics

https://youtu.be/n-WG5teZL6I

100k buyer at work now

boat definitely not missed here because post DFS and securing an offtake walkabout 6 bagged and today sits at £40m cap equivalent

We bare months away from DFS now and recent testing work confirming purities means we should easily secure binding off-take

2p a start but 3/4p in line with ASX peers

Plenty of run-room here over coming sessions with news flow to come

https://twitter.com/marketgem/status/1167346372422623232?s=20

exactly different asset different management with Chief tech guy having 22% stock himself

Ben watching the book last few days and what the MM's are doing and they are playing this, not sure if they are short or what but again today wouldnt let me buy at the end.

Ill be hitting the book with a fill fill or kill NMS trades tomorrow which they have to honour

Anyway given the stage that ACP are now at with DFS coming very soon and binding off takes almost a certainty given walkabout have already secured a couple with lower purities this wont stay £5m cap for long

agree high grade and high purities put this project in the upper epsilon in the region and at some point the rerate will kick in as stale money leaves.

simple comparison to peers shows the bg valuation gap cos this company is hidden on AIM and not ASX listed

= opportunity

Really good video summarising company and whats to come

https://youtu.be/r7hhfWJqi1s

Those are some excellent grades and low strip ratios meaning the up-front mining will produce much higher returns and possibly even reduce the 1.2y capital payback

Along with the purities up to 97.1% announced last week this really is now shaping up to be a fantastic early stage opportunity from current cap £5m way off ASX peers as noted in the post further down.

absolutely agree this post on LSE covers it off very well

ACP Valuation

I have been doing some peer comparisons to ACP on ASX and pretty much all similar companies in Tanzania are trading at 2/3 multiples higher

The most striking is Walkabout Resources with is capped at £40m but recently hit circa £60m compare that to ACP at just sub £5m and its a large gap.

Interestingly ACP’s project is larger and following recent test work higher purities which at medium flake sizes is perfect for batter anode material after leaching - the higher purity you start from the easier which means ACP’s graphite will be front of the queue and I should imagine binding off takes will be easy to achieve and at prices higher than that used in the scoping study.

The scoping study itself shows a Capex/NPV ratio of around 1:10 which is quite amazing when you look around other junior mining plays that need to raise hundreds of millions yet ACP will only need around $35m and the comparable NPV of around $350m is again quite astonishing. With all in costs around $400 and basket prices upwards of $1500 for higher purity the margin is also highly impressive.

Walkabout was already at a higher comparable market cap to ACP at same stage but has rerated post DFS and securing a binding off-take.

So personally given that’s the news we are expecting over the next 3-6 months there is no reason why ACP wont follow suit and rerate especially given their project is superior.

Comparing to Walkabout that would be a SP of 8-10p and I personally think where we are today a comparable fair valuation would be around 4/5p which is not plucked out of thin air.

So from current CAP/SP I think this is a fantastic early stage play that can return multiples invested when the market finally wakes up.