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That's right @tomcat. We'll have to wait for the details to see the official 8-15% sensitivity analysis. Later this week? Next?

Here's my rough and ready for the potential to increase mine life:

===[
Maiden Ore Reserve of 195.8 million tonnes ("Mt") at 39.34% Fe, demonstrating an 85% mineral resource conversion.
...
Mina Tucano Exploration Target

DEV has a right to explore mine for iron ore on Mina Tucano's licenses. In 2011 DEV evaluated all the historical drilling on this license and further explored the license. DEV evaluated some 986 holes to establish a mineral resource estimate. The mineral recourse was estimated at a 25% Fe cut-off, 142.51 Mt at 36.77% Fe.
]===

Number of years increased by: 16 years * 85% * 142.51Mt * 36.77% / (195.8Mt * 39.34%) = 9.25

Total: 16 + 9.25 = 25 years

Interest rates have gone up a fair bit since then @tomcat! I've not seen the full PFS yet. the 8-15% is stated in the RNS so something to look forward to if you are unable to estimate it yourself. ;-)

Very happy with the potential to increase mine life to circa 25 years - pretty sure the big players won't be discounting that to near zero like the current market appears to be. lol. Now just what will it take to get this party started? ;-)

Indeed - they've used 8%-15% in the sensitivity analysis.

Though it really should be the job of the BoD to include comparisons to our peers in corporate presentations. Fingers crossed we'll get an updated one soon.

It takes time to compare to market peers. e.g. MMS...

https://macarthurminerals.com/wp-content/uploads/2022/04/LGIO1-EN-00000-G-R-9006-1.pdf

Indeed @Zoom. Lots to look forward to - hopefully the BoD will ramp up the publicity and we might finally get to see a broker's report, though I wonder if they are waiting for Sonora and maybe the others to complete too, to simplify matters for them! Talking of Sonora - might get to hear something this week if the plans haven't changed. :-)

It's pretty fantastic @Zoom. Might take some time to sink in though ;-)

And if the PFS has gone down the capesize route, that's a VERY healthy OpEx by my reckoning! Now about that CapEx? I'm expecting more than $200m, maybe even increased to $250-300m? But this is a project that if starting from scratch would be closer to $1B CapEx, so still very cheap compared to our peers!

By my reckoning the project was previously valued at $3.2B, and this was in the era of using handysize at the port. Let that sink in. ;-)

https://www.reddit.com/r/CadenceMinerals/comments/q56bac/comment/hlt8945/?utm_source=share&utm_medium=web2x&context=3
===[
2008: Anglo acquired its 70% stake for $1.9B and Cliff's noted on page 150 of its 2009 annual report that at the end of 2008 the project had approximately $493m of debt. Meaning on a 100% basis the project was valued at: ($1.9B / 70%) + $493m = $3.2B
]===

Indeed @tomcat, I bet very few have seen or taken the time to read:

https://www.cadenceminerals.com/wp-content/uploads/2022/10/MRE_JORC-Table-1_FINAL_V3.06.10.22.pdf

I make that a $24-40/t OpEx excluding shipping costs. Presumably starting low and increasing. The PFS will detail.

Absolutely @tomcat and @EV. I find our SP truly amazing given the news that's surely due in the next few weeks - and if Sonora comes good we could be talking 5-10x from here in short order. Crazy really. But hey, you won't be hearing any, "if only's" from me if it does, that's for sure! Very happy with my holding. And yes, it was hard to buy on Friday. ;-)

"China's COVID U-turn lifts iron ore after wild swings in 2022" (December 30, 2022)
https://www.nasdaq.com/articles/chinas-covid-u-turn-lifts-iron-ore-after-wild-swings-in-2022
===[
Iron ore futures ended a volatile year firmer on Friday, with the Dalian benchmark settling near a more than six-month high, propelled by optimism around top steel producer China's unwinding of pandemic controls and economic support measures.
...
On the Singapore Exchange, iron ore's benchmark January contract SZZFF3 gained as much as 1.8% to $117.15 a tonne, its loftiest since late July.
...
"Iron ore is expected to remain strong in the near term (rising to $120/t) and could follow through (rally up to $150/t) in the bull case of a major China credit easing during 1Q'23 and an accelerated China re-opening plan materializing," Citi analysts said.
]===

Exciting times!

It does feel like those that are well researched have been handed a golden buying opportunity. I guess we'll see if adding heavily over the past year around the 10p mark was a good move or not in the coming days and weeks. Feels like an absolute bargain to me, especially given the last placing price of 20.5p and the BoD's options of 29p. :-)))

"Anglo acquired the stake in Amapa for $1.9bn in a $6.7bn two-part deal whereby it took full control of the promising Minas Rio iron ore project."

I mean, the PFS, it's done. Not surprising fomo is starting to kick in, given 70% of the project (of which we have 30%!) was once valued at $1.9B by Anglo: https://www.ft.com/content/395c4b48-5651-11e2-aa70-00144feab49a

Yes, there is work to be done to approach anything close to that value in our SP, but the potential is clearly there - and some!

If you are new, I recommend taking a read through:

https://www.reddit.com/r/CadenceMinerals/comments/q56bac/anglo_american_annual_reports_detailing_the/

It's our reach, or lack of it, and understanding of those it does reach, present company excepted. lol. Crazy really, but very happy in some respects for how much this has allowed me to add over the past year :-)))

That's pretty spectacular @Zoom.

And iron ore continues to rise, strongly overnight. :-)

Absolutely @EV - deals of this magnitude take time, and it's been many months in the making. I'll be very disappointed if we haven't managed to crystallise low to middling double digit millions of value from the Sonora Plan, and expect to hear something in the coming days, week or three.

@Wee - KDNC has 16.8% of the Sonora lithium resources currently associated with it, not 30%:

https://www.cadenceminerals.com/projects/sonora-lithium-project/