Member Info for Malik-

In contrast Antipa just tripled their 100% owned Paterson Minyari resource to 1.8Moz.
That alone worth at v least 2x current mcap - then add their JV with Rio, Citadel resource…

“The more we see the more we like about Corcel, which looks to be rapidly coming good but as yet the market continues to still not reward this progress. By any yardstick, we believe this company is materially undervalued. As we set our in our full detailed note, it is apparent that there is frankly negative value for the company’s PNG assets which have world class nickel & cobalt reserves. News is due on the Mambare mining lease renewal, the all important JORC resource upgrade and, per recent RNS’s – progress on the potential farm in of a partner at Wowo Gap. Any one of these key value inflection catalysts would be transformative for equity holders.”

Report link :

http://www.alignresearch.co.uk/corcel/corcel-deal-signed-develop-project-pipeline/

Thanks. V helpful. Theoryman: get well soon!

And I certainly wouldn’t take the market reaction as something of any meaning - this is a totally inefficient market populated by amateur retail traders.
People are not even aware this company has lithium!
It’s completely under the radar.

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Exactly - no it’s not included

What matters is IRR

The Capex is in the context of exploding material prices is actually reasonable.
What I care about bout is that for USD100m of Capex you get to TRIPLE the NPV of the project thanks to Lithium.
Market is entirely missing the lithium angle.
And when it wakes up to it, this stock will explode higher.

Sorry I had the same question.
But it seems some say yes, some say no.
Anyone in the Know can actually confirm? Thanks

*funding

=> => a very credible finding partner

It’s a JV between Altana Wealth and Warrington Borough Council. Don’t have total assets under management of Altana Wealth but know that one of their funds is USD 700m.
Meanwhile for the JV, Warrington had at launch, in 2019, allocated USD100m to the fund.

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My key take from the RNS this morning is that Corcel is already making a gain on the gas peaker investment. They bought the assets at the lows last year for £140k. Numbers in RNS today suggest the shares shd be UP by c15% just to factor in the gain on that investment. BUY

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*uk govt recently doubling…

Press release this morning of groundworks beginning in Inverness hydrogen site - site clearing led by SGN to last 3 months before start of deployment of hydrogen facilities.
All in all shows Getech is advancing and delivering on its agreement. Remember, it now has a binding agreement with Scottish gas network SGN (co with £2bn in assets).
Getech is widely undervalued in my view and is perfectly placed in the current macro environment with
1) green hydrogen becoming ever more critical (high gas prices, and importance of energy self sufficiency resulting from geopolitical conflict - this has been emphasises by UK govt revelry doubling its hydrogen targets)
2) oil prices settling at high levels which will lead to more upstream Capex which benefits Getech’s oil&gas legacy biz - their clients here include world’s top oil&gas players who are printing cash currently and
3) again, geopolitical tensions will make the need for critical minerals independence and security of supply a critical matter - its newly formed division will most certainly gain from this.
BUY

Upside risk in banking jargon means the potential for the shares to surprise to the upside versus the base case.
Ie: the upside surprise potential

When you trade at 5.5% NPV on those assumptions even if you lower assumed prices, the stock would still be cheap. I’d easily assign a 20% NPV multiple
What’s key in here is that Lithium byproducts triple the value of the project - that’s fully transformative and mkt missing it

Excellent PEA for phase 2 (fully scaled): globally significant producer of Tin & Lithium.
1) NPV8 USD2.1bn (!) incl Li byproducts, IRR 75%
2) Li TRIPLES pjct value for only 30% more Capex (+USD100m)

Hugely UNDERVALUED - Li truly game changer & already cheap on tin only.
Stock totally under radar. Expect this to change with this publication.
BUY

The most undervalued and overlooked UK listed lithium play. In fact you get a globally significant 100Mt and possibly 200Mt resource and lithium exposure comes for FREE.
Meanwhile, enjoying a double digit cashflow yield on tin (and just at pilot phase!)

BUY