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Decent summary of Friday's presentation included in the weekly update. I've included the parts which made me :-)))):

https://www.reddit.com/r/CadenceMinerals/comments/vqwl7w/weekly_discussion_thread_upcoming_news_icymi_july/
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Amapa:
Fortunately within the agreement there is a contingency plan in case unable to ship over the two years that we look to pay back.
PFS suggests half loading cape size at private port will lower shipping costs when in full production.
Expected MRE before PFS: potentially optimised to get a better grade.
Great Panther and DEV agree in principle that they can mine areas of gold from our areas. and we can mine areas of iron from their areas, to be included in the DFS to maybe increase mine life to 20-25 years.
Remaining 22% of JV would likely cost $24-30m, valuing current 27% holding at £24-30m.

Sonora:
Same position as Ganfeng: these licenses are still valid.
Ganfeng embarking on a DFS to prove 50ktpa Hydroxide is possible. If successful, our areas would come forward in the mine plan and have higher value as the NPV would increase.
Amenable to converting JV into equity or royalty or any other derivative ownership of the entire project.
]===

Absolutely @MLQ, I fully expect the BoD to prove their worth when it comes to the financing aspects of Amapa, and potentially other assets - Sonora needs clout. It's been a long wait, but if feels like it's coming together. Just a shame the wider economic environment has soured progress. Good for those able to buy, not so much for those forced to sell!

For those interested in having a stab at valuing this company I've produced an updated post of my asset valuations.

https://www.reddit.com/r/CadenceMinerals/comments/vpr5w7/due_diligence_lsekdnc_cadence_minerals_asset/

In summary I see minimum present value today at £37.5m (21.5p) and likely fair present value at £92m (53p). IMHO the market is heavily discounting us presently on lack of understanding/misunderstandings and expectations of fund raising before the Amapa PFS, whereas it was clarified yesterday that this is unlikely to be the case, which means I'm quite happy to have added very significantly last week :-)))

Medium term we could be talking a market cap in the region £160-420m, and longer term £1-2B, heavily dependent on Ganfeng Sonora expansion plans, and Amapa playing out well for us.

Contributions & corrections most welcome! Here or there.

Ob

My understanding, and I believe the general understanding here, is that it will only be a problem if we can't or don't want to fund the 22% AND we can't find a third party willing to either. Without a decent sale of asset the former is problematic for us, though not out of the question with current mcap, but given the progress to date it seems quite unlikely that someone else wouldn't want to come in at the 22% level for between $24-30m. It was great to hear @Kiran clarify the PFS comes first, giving us plenty of time rerate. :-)))

Youtube version of today's very informative presentation and Q&A:

"Investor Presentation and Q&A with Cadence Minerals CEO, Kiran Morzaria" (1 Jul 2022)
https://www.youtube.com/watch?v=cu1u90A2BDA
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Kiran Morzaria, CEO of Cadence Minerals #KDNC answers investor questions including plans and forecasts for its two key projects Amapa and Sonora

Timestamps

00:00 Introduction
00:28 KDNC Investor Presentation
23:02 Cadence Minerals Q&A
]===

For the benefit of those new looking in off the back of today's presentation:

I make the TL;DR on upcoming news as below. Follow the link for better formatting, links to corroborating evidence and much more information! Slightly dated now as the LT&LS news happened Monday, and @Kiran said a few interesting things I need to incorporate for next week's! :-)

https://www.reddit.com/r/CadenceMinerals/comments/vlk866/weekly_discussion_thread_upcoming_news_icymi_june/
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Amapa Iron Ore: First right of refusal to increase ownership stake from 27% towards 49% of a project that had discounted cash flow valuations of $1.2B Anglo & $1.66B Cliffs and an initial valuation when purchased by Anglo of $3.2B in 2008 with anticipated news flow over the coming weeks in the run up to the PFS due in July, including: continued shipping of stockpiles; rehabilitation progress; financing & off-take; agreements reestablished to increase mine life; state-of-the-art loader proposals, completed PFS milestones.

Sonora Lithium: In conversation with Ganfeng regarding KDNC's 30% JV's. Details on Ganfeng's optimisation and expansion ambitions and potential impact on KDNC of massively increased stage 1 plans to 50ktpa of Lithium hydroxide and beyond forthcoming, including strategic OEM investments, and consequences of recent nationalisation votes.

LT/LS Lithium: Finalisation of agreement to sell 31.5% stake worth up to £3.72m to KDNC. Interview explaining decision to reduce risk whilst maintaining exposure to both the upside of the buyer's success and of the expected Lithium supply shortfall.

Yangibana Rare Earths: Finalisation of agreement to take £5.1m shares in HAS in exchange for our joint venture areas.

EMH Lithium: DFS/partner/offtake/funding announcements for phase 1 of the project.
]===

I'm actually quite surprised how good I feel after watching that! Well done @Kiran.

Indeed @Bannor. I wonder how many others are "mistakenly" using the documented $660m to compare against our peers, and attribute value to us?

lol @Bannor. Of course if the NPV is of order $660m then I will well and truly have egg splatted all down my face! lol. What's your estimate?

Indeed @EV. Market has discounted Sonora to zero, when only a smidgen of basic research is indicating very much to the contrary.

@Bannor. I really don't think the market realises the value which will be attributable to us from Amapa, even when discounted heavily to today. $660m is not an NPV. Remember that when the PFS lands ;-)

I'm sure you'd be as happy as I if only 1 out of 2 of those predictions comes to fruition! lol

"we" the shareholders set those old targets, not surprising we missed them going by "our" track record at share price predictions. lol. The Bod issued the options at 29p, at a value of around £50k each if I recall correctly. It's their target to miss, not ours.

lol @Bannor. Amapa is the King maker. Sonora is the wild card. Everything else is currently underscoring us. Let's see how this plays out - pretty sure the BoD will be aiming for their 29p options which I know, I know, you think are a joke from when viewed from down here. lol.

Oh nice! Maybe it is "or is it?"! lol.

but it's all hypothetical for now. EMH is nowhere near inking a deal is it? Or is it? lol

Because we'd only be accepting the cash offer to be used in relation to positive news elsewhere... lol. and the expectation of doing so here would improve sentiment exponentially.

Exactly...

lol @Bannor. This post is preempting Kiran's interview released today. Don't know about you, but I tend to check out the boards of companies that pique my interest...

We are currently negative sentiment which has dragged us below the likely 20p NAV, positive sentiment + a load in the bank, and we would be flying... And with Amapa and Sonora news on the horizon. AIM game on. lol