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Brand_UK tweet, 51 mins ago: "Assays highlight additional PYROENITE BAND with VISIBLE SULPHIDE up to 1.7 % #Nickel. Paul Johnson, We have been fortunate to identify targeted mineralisation so early in the exploration campaign."

https://twitter.com/Brand_UK Fri, 24 Sep 2021
Re: Power Metals Resources RNS - Molopo Farms, Boswana.
I also saw the above 1 para in a Power Metals Resources tweet from recall but I was in a hurry.

Sorbie @14:31, Wed, 22 Sep 2021.
Yes, I did read that from Joy News. I did say that I had looked at ALL the available data.

However, it still does NOT detract from the potential of the licence which IRR has stated in the SI Broker note of July 2021 that there is considerable potential exploration upside.

First of all, lets examine some of the data from the Ghana Commission just in case people dont understand. This I got from other articles namely:
1] Free zones. No, IRR*s Eowyaa was NEVER in the free zone ie free of taxes.
2] The govt of Ghana has a 10% carried interest with 5% royalty. This is quite normal although it varies from country to country, the difference being some do not have carried interest especially in Western jurisdictions.
3] Yes, IRR does have a prospecting licence and like all deposits, the Scoping Studying and then further studies will then be submitted to the govt. Then, other licences to be applied for including MINING LICENCE as norm.

As I mentioned before, without looking at the information vs other similar spodumene deposits, the IRR data caused a lot of confusion eg not worth digging up etc. However, when shown that the Core Lithium deposit is even smaller but going into production at end 2022 with 2 Chinese off-takers including Ganfeng, it then gives a better perspective etc.

I am cognisant that N.Mather was the one that drove this co in the early days and is part of the DGR Global stable in that they hold a sizeable proportion of shares in this co. Mather has always stated that if you are not looking for a elephant, you wont find one. So, both Solgold and now IRR appear to fulfill his vision, objective etc. In the early days from recall, I did not see Mascolo, only Mather who spoke at all the Australian interviews & elsewhere.

Most co*s dont just sit on the small deposits of the initial discovery. Case-in-point? Havieron - Newcrest JV after the co drilled 9 holes. However, Newcrest is continuing to drill FURTHER & FURTHER OUT from the original STRIKE of 1,000m and finding more gold & copper. In the same way, it is STANDARD that investors LOOK to DISCOVERY MORE LITHIUM or whatever they are investigating ON STRIKE.

Hope that clarifies my position. I am not interested in just the current. As I said, I listened to what Mather said at a Investor Conference held by a Tier 1 US investment bank on IRR, being the daughter co of DGR. I did sit up.

Any intelligent person would ASK and QUESTION. No one is going to tell ie the academic unless one can find his finding. So, one has to TEST the theory out by looking at the STRIKE length and if mineralised. I am NOT sure if the whole 20KM OF EOWYAA has had heliborne but it is possible they may have explored to see and maybe trenching etc including geophysics which can be useful these days eg for Havieron and how they discovered it. PIEDMONT was in Eowyaa for 7/14 DAYS - thats a bit LONG to just look at the current drilling? Usually, they look FURTHE

Ref: Sorbie @Tues, 21 Sep 2021 @22:32
Link given by Sorbie with thanks relating to Ironridge Resources Eowyaa Lithium project in Ghana on Joy News, Ghana.
Quote: "One valuing the spodumene deposit at $150 billion."
==
Article: "EWOYAA LITHIUM PROJECT"-Coring Magazine, 8 June 2021

"High resolution heliborne done 100m x 100m.
Variable STRIKE 150-600m.
Collectively extending OVER 1,500M of S T R I K E , o p e n in many directions.
14.5Mt @1.31% Li20."

[2] "Exceptional Lithium Scoping Study Results, Ghana."- IRR RNS, 19 Jan 2021
"Few have hard rock lithium projects worldwide can boast the proximity to existing operating infrastructure, lithium grades and a single DMS-only process route that seperates Ewoyaa from its peers."

"LOM revenues US$1.55 billion {Life of Mine}.
Every additional yr of production will add c US$40m in NPV per annum.
S T R I K E LENGTH E X C E E D I N G ----2 0 K M --- OF C O N T IN U O U S STRUCTURE."

Comment:
The video I saw on the $150 billion is from Ghana TV and their title reflect this relating to Saltpond, Ghana. From the various articles I have seen, it appears that this is from an academic [?] from recall.

Looking at the strike, one can understand from just logical process thinking that if 1,500m strike of EWOYAA can produce a scoping study of 14.5Mt @1.3% Li2 with LIFE OF MINE REVENUES OF US$1.55 BILLION, then simple school maths will ask, how much can 20km come to ?

Answer?= US$20.66 Billion. If the scoping study uses US$650/t for spodumene and the Pilbara Minerals of Australia*s auction of 14 Sep 2021 as reported to the Australian Stock Exchange achieved US$2,400/t for SC5 grade & US$2,500/t for SC6 grade, then the selling price [$650/t vs US$2,500 SC6 [IRR spodumene is SC6 of a higher grade] , that is nearly 4 TIMES more roughly for easy cals. So, that is potentially US$20.66billion x 4= US$82.64 Billion.

FOR THE AVOIDANCE OF DOUBT: The infomation as above ie "Strike Length exceeding 20km of C O N T I N O U S S T R U C T U R E" comes from Ironridge Resources themselves.

Yes, there is a difference between 20km strike and 20km strike length of CONTINUOUS STRUCTURE", the operative word being "continuous." IRR has also said there is considerable exploration upside - no wonder given that 1,500m of CURRENT STRIKE VS 20KM OF CONTINUOUS STRUCTURE STRIKE LENGTH is of interest.

I have not read how this academic produced US$150billion for the Saltpond lithium project so one can to check roughly whether it is even possible IF [imperative] the whole strike length of 20km is lithium mineralised in the same manner? Always good to check.

FOR THE AVOIDANCE OF DOUBT - there is an Irish explorer listed in London. They have done a potential SENSITIVE STUDY wherein they show the potential of the total strike of gold at 45km and the chance of success vs current declared gold JORC. So, this is not something unheard of given it is classified "POTENTIAL."

What Ironr

"F u t u r e s aid volatile lithium mkt: S u p p l y seen as k e y risk."-Fastmarkets, Tus, 21 Sep 2021

"The industry used to rely on f i x e d pricing, which meant that someone always won and someone always lost. Both Chicago Mercantile Exchange & London Metal Exchange have l a u n c h e d FUTURES contracts based on Fastmarkets lithium prices."

"Longer term, the biggest risk facing the industry is LACK OF SUPPLY. Lithium demand is set to grow about 150,000 tonnes this yr, to a total of almost 500,000 tonnes, from 320,000 tonnes according to Jimenez."

"A lack of investment & the time it takes to bring a mine to production are key risks in getting that supply a/c to Will Adams, head of battery metals research at Fastmarkets. It can take as little AS TWO YEARS to build a downstream facility...."
--
Comment:
Futures as above is now a NEW development in price discovery and moving from fixed contracts usually from 1 co to another. Pilbara Minerals as we saw from CNBC International is now selling via a online a u c t i o n platform.

TIME TAKEN TO DO A DFS
I found an example from Piedmont. Title: "Piedmont launches DFS for concentrate operations, 2 Dec 2020 RNS/ANN..

"DFS will study a 160k/yr quarry and SPODUMENE concentrate. DFS is expected to be completed in MID-2021 with a CONSTRUCTION decision to follow."

So, from 2 Dec 2020 on announcement of DFS commencement to mid-2021 is a---- short 7 months.---
Thereafter, Piedmont will make a Construction decision.
One can see from Core Lithium [Finniss lithium spodumene project], that upon a Investment Decision , production will be END 2022 - appears to be able 1 YR TO FACILITATE PRODUCTION.

I had hoped that others who are investors [as opposed to traders who are interested in share price] will take the initiative to post what are significant developments relating to lithium prices etc. This will mean that more than 1 person will provide some info. I went through the interims of IRR yesterday and found quite a lot of info.

From Brookings on Twitter yesterday, Ghana is hoping that tourism etc will help with unemployment. So, it is helpful given that Ghana will welcome IRR*s lithium project which will bring in revenue and therefore taxes to the country, not excluding employment.

To read and check, kindly call up the titles. As for caps, I use it for my own benefit. When I want to look up dates, resource size etc to reference lithium projects, its is easy when I check my profile and can see the info in caps more easily than to read thru everything. I can be concise but it will mean that in Canada, others will have to be nuanced in what is happening. Eg, I could just type : Lithium price - Futures have been launched. LoL - would anyone be able to catch any info from that. Hence, it needs explanations like fixed contracts in the past, auction PLS on 14.9.21 and now futures and what it means etc.

contd
purity is an important factor as keeness of buyers is based on this GRADE FACTOR ie SC5 / SC 6.

13] When does the DEMAND vs SUPPLY meet equilibrum? When will SUPPLY shortages start and how long will they last?
Who are the spodumene potential producers to come? Brokers usually show a CHART.
Where does IRR sit in the CHART? IRR happens to be THE CHEAPEST together with Sigma for all lithium co*s as shown by Toro_AIM believed to be from the broker.

14] What is the govt stance on mining? N. Mather explained about this in the early days.
Important to know as countries appear in RANKING reports. SI Capital provided the answer as said including Vincent Mascolo in his interview.

15] What is the JORC resource for IRR ie size and what is the size for say Core*s Finniss that is coming to market. What is Core*s MKT CAP? Important to see what the Austalian mkts are valuing potential spodumene co*s.

16] Share price at 20.72p = £112m IRR MKT CAP - Underpinned as show by Piedmont US$102m deal [JV 50%] + IRR cash US$28m. IMPORTANT - so appears the rest is FREE for gold? What is the fair value for the gold project/s?

17] Will IRR pay a dividend? People have asked but I dont recall what Mascolo said as I wasnt paying attention on this earlier.

18] How much more lithium spodumene is there potentially ie EXPLORATION UPSIDE?
One has to look at the anomalies in the licence area.

19] What is the broker target? Can one update on the target price by changing the selling price like what Macquaire did for Pilbara?

20] What are the timelines potentially? One can only go on Core*s project via research to see how long it take to get production to market ie end 2022 once Investment Decision done.

21] The gold project in Cote d* Ivoire - is there potentially a JV for it? Has Vincent said anything in interviews given the IRR lithium Piedmont JV deal came out without any word prior to or hint? What is planned for IRR Chad? I have listened to both Mascolo & Mather on this.

22] Iron Ore - I have listened to Mather*s interview [early]. What is the vision for this current and going forward?

23] What about the other projects? I have not kept up to date.

24] So much more. What is the RISK VS REWARD? ALL NEEDS TO BE BOILED DOWN TO POTENTIAL $$$ - that is what its all about.

25] Any more good surprises like Piedmont?

26] If the co is bought for its lithium, what does M & A say? Has V. Mascolo said anything [CEO of IRR]?

27] What does DRG Global, mother co say about IRR in their Qtr Activities RNS/ANN to the Australian Stock Exchange?

So many question that should be asked as DUE DILIGENCE BEFORE PRESSING buttons.

Hope that clarifies. If one doesnt ASK and find OUT, then one is investing blind on NO DUE DILIGENCE which means one is moved by info like IRR*s lithium is not worth digging out without any fact based link/evidence etc.

Mon, 20 Sep 2021. Thank you all. That*s all from me. You all can take it up from he

Link:
https://twitter.com/ACentaurMedia/status/1439856052418326534 dated Mon, 29 Sep 2021 on CNBC International - Interview with Ken Brinsen, CEO, Pilbara Minerals of Australia on the lithium spodumene price auction whose news went round the world & the mining industry.

Just listened to it:
"A lot of more buyers.
Electronic Sales.
BMX Online Platform to sell {Like Ebay}.
BUYING POOLS.
LOTS OF BUYS.
30 businesses.
17 biz [think he meant auction buyers?]
Latest auction last 2 hrs.
In the last 5-10 mins [think he meant action akin to auction keeness?]."

A bit hard to hear.
As for Jollifant and nothing to discuss, then here are some of the questions I asked myself BEFORE pressing the button for IRR. If I buy more than burger money £50, then I have to ask questions which everyone should ask as Due Diligence per FSA advice:
1] What does IRR potentially produce? Some may not know the diff between lithium spodumene, carbonate or hydroxide. Important as capex is different & time to bring to production, hence the confusion earlier.

2] What is the DEMAND vs Supply curve showing? Important so as not to be in the 1 side more than the other. This is a bit harder to find for day-to-day accuracy as industry gives forecast over a 4-5 yr period.

3] Organisations like S & P Global charge thousands I believe to join wherein they give out data. Like all commodities, how many NEW production co*s in spodumene is coming to MKT, when? What are their tpa per yr production? What is their COST base & IRR*s cost base? What is the IRR Scoping selling price? What is the current selling price? In the past, selling is 1 to 1 negotiation with co*s, now AUCTION. How does that work out ie in terms of pricing?

4] All commodities are based on PRICING [Selling & Cost]. So, details have to be known to know HOW MUCH GIVE THERE IS.

5] What are the co*s like Pilbara saying about buyers? What is the S & P Global report saying about buyers in OCT 2021? Are buyers still in strong demand? Answer given as earlier post was from today about Oct 2021 buyers.

6] What underpins IRR mkt cap? How much is underpinned by cash & Piedmont JV deal?

7] Is the Piedmont JV deal of 50% norm or not norm. If not, how much is 50% of EBITDA?

8] Is there further UPSIDE from exploration?

9] Are there risks eg funding the DFS etc? Why? Piedmont funding US$17m.

10] Is there CAPEX RISK that it cannot be raised if mkt conditions are volatile? NO, Piedmont is financing 100% of capex for IRR at US$68m.

11] When IRR starts production, how much will the EBITDA be. WHAT IS THE SENSITIVE ANALYSIS if SELLING PRICE is US$2,500 for SC6 then? How much is EBITDA if earlier price of US$1,400 region?

12] Peer analysis - is IRR*s spodumene purity grade good or better than Core Lithium & Pilbara Minerals who just sold at auction on 14.9.21? Core & Pilbara are SC5 at 5%-5.5% vs IRR 6%.
Most importantly, PURITY is important and SI Capital said "HIGH PURITY." Purity is fac

Jollifant:
Quote: "Long winded espistles [Sat: 13:45pm, 19.9.21] & "Any chance of 1 para brief & concise summary of where you think the SP is heading?" [Sat: 11:12, 19 Sep 2021].

Answer:
Yes, Dollaradrop, my few posts are indeed from notes. For the avoidance of doubt, they are in direct answer to all the discussions I have read on the forum eg its not worth digging up.
Very concise but no rationale or links etc to say why? So, I have to provide JORC of both IRR and Core Lithium*s Finnish project, NT, Australia to prove evidence that the Finnish project is headed for production even though the Finnish resource for spodumene is so much lower, hence mine life is 3hrs vs IRR 8 yrs. All my posts were to ANSWER the missed factual info available out there.

As for a request for "1 para brief and concise summary of where you think the SHARE PRICE [sp] is heading? This is my FIRST TIME OF POSTING on this forum fora very long time harking back to the days when N.Mather used to give interviews on IRR in the early days. That was how I came to know about IRR through Mather*s other co listed in London.

So, EVERYONE has had YEARS OF POSTING concise 1 para*s, hence why FACTUAL info was not forthcoming so its was missed info.

These types of 1 para share price [SP] predictions are usually guesses and over-estimated back of envelope types which is not backed by any peer valuation models as done by brokers.
This is the terrain of TRADERS and that is up to them how they view their own portfolio/s.

However, for the more experienced mining investors, they look at the no*s and fundamentals
to see what they hold and industry trends, forecast, prices going forward eg S & P Global etc.

In any examination paper, unfortunately, 1 para concise answers will mean FAIL.
It gives no rationale with precedent case/s etc and therefore the precise answer may be deemed as a guess by the examiner. As one is aware, examination papers end with "Discuss."
Other examinations go to 4 full pages of 1 Question to be answered. Does one not sweat to complete the exam and make sure one has hit ALL the ANSWERS and most points for SCORE MARKS.

Same here too and other stocks. 1 answer in short, concise answer will NOT answer any of the fundamentals. NO BROKER REPORT IS EVER 1 PARA, CONCISE SUMMARY. They go to pages and pages of evidence based/backed summary. Have a look at say RICHARD KNIGHT OF LIBERUM*S BROKER NOTE on an Indonesian London listed copper & gold explorer as an example.

Hope this fully clarifies. Respectfully, News, 20 Sep 2021.

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