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Indeed @Fingers! I'm wondering if the revised PFS might consider significantly greater volumes. e.g. double as envisaged by the WHI report at:

https://www.europeanmet.com/wp-content/uploads/20210212-FN-EMH-090221.pdf

It's very encouraging to think what NPV WHI would estimate if they were to use a more realistic long term sale price than the $12,500/t LiOH they used, which they state was marginally above spot at the time of publication in February 2021. What are we at now? $31/kg spot and futures of $35/kg in January rising to around $41/kg in November 2022. The share price here is pretty crazy really considering the increasing demand and lack of supply chain to match!

https://www.lme.com/Metals/EV/Lithium-prices
https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.html

@Jonesy. Expected EMH timelines here:

https://www.reddit.com/r/CadenceMinerals/comments/rf5f2h/weekly_discussion_thread_upcoming_news_icymi/

Expected revised PFS due "shortly"...

Indeed - take a look at the closing remarks in this article which I posted in the comments. A nagging voice in the front of my mind is asking me to post it all here. lol. OK @MBW. I will! Get off my back. Lol.

https://www.reddit.com/r/CadenceMinerals/comments/repry7/fastmarkets_why_the_lithium_market_needs_to_take/
===[
Interesting graphs comparing the lithium market with another non fungible (but to a lesser degree) asset class we are involved with. Iron ore! The conclusion is spot on:
]===

https://www.fastmarkets.com/insights/why-the-lithium-market-needs-to-take-a-leap-of-faith-on-pricing
===[
Lithium is the poster element of the energy transition, and it will undoubtedly take time for what was for so long a relatively niche market to grow into its role as one of the most significant materials of the 21st Century.
]===

Indeed @Zoom. It's worth remembering that there were initially plans for two mines, the Southern one being 100% in the JV area. These were merged into a single mining plan, but from what I can see it would still make economic sense to mine from both simultaneously, meeting in the middle, due to the layout of the pits: less earth to move! For those who haven't seen this, it's worth a read through the post and comments in the light of Ganfeng's requirements and consequent Sonora expansion plans!

https://www.reddit.com/r/CadenceMinerals/comments/qtpwkw/bcn_rns_sonora_project_update_ganfeng_expansion/

Once the Amapa deal is done (got to be imminent now!) and Ganfeng is authorised to take a controlling share, and potentially 100% of BCN, I'm sure we'll hear much more about our Sonora prospects! I don't know about anyone else, but Lithium prices and futures are starting to make my eyes water, and yet we remain mostly under the radar from what I can see! :-)))

Spot increased to $33,789-36,146 range:

https://www.metalbulletin.com/Article/4019764/Latest-news/Chinas-lithium-prices-continue-rally-on-tight-availability-year-end-restocking.html

And for past interviews with Kiran, there is always this rather handy flair ;-)

https://www.reddit.com/r/CadenceMinerals/?f=flair_name%3A%22Cadence%20CEO%20Interviews%22

Nice pictures in the video at the bottom from late October @MLQ, which is this one:

https://globoplay.globo.com/v/9984822/

"it is progressing very well, and I certainly look forward to announcing when it occurs"

Demand must be exceptionally strong to see $41/kg out to a year - just how high can prices rise??

https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.html
===[
JAN 2022 35.88
FEB 2022 36.63
MAR 2022 37.25
APR 2022 38.50
MAY 2022 38.88
JUN 2022 38.88
JUL 2022 39.88
AUG 2022 39.63
SEP 2022 39.50
OCT 2022 39.75
NOV 2022 41.00
]===

Wonder if the revised EMH PFS which we are expecting shortly will include the fabled extra shift taking the project to 50ktpa as has been mentioned on various occasions?

https://www.reddit.com/r/CadenceMinerals/comments/r9wu2f/weekly_discussion_thread_upcoming_news_icymi/
https://www.reddit.com/r/CadenceMinerals/comments/r0j0pl/european_metals_holdings_present_minviro_lca_esg/

Iron ore prices recovering quite nicely. Spot up 7.5% yesterday and DCE settled a couple of percent higher overnight.

http://www.custeel.com/en/csi.jsp
===[
Date Seaborne index 58% Fe fines Seaborne index 62% Fe fines Seaborne index 65% Fe concentrates premium Seaborne index 65% Fe fines Seaborne index 65% Fe pellets premium
2021-12-07 73.50 109.30 16.00 125.50 51.80
2021-12-06 68.20 101.60 16.00 118.70 51.80
]===

http://www.dce.com.cn/webquote/futures_quote_en.jsp?varietyid=I

Note that the DCE futures are around the same as spot a year out, when normally for iron ore they are much lower meaning that there are expectations for higher spot prices next year. IMHO of course! ;-)

@Barksy: I'm guessing that pretty much everyone who understands the potential consequences for KDNC are already fully loaded - or close to! It's a complicated share for sure! Just look at everything that is going on:

https://www.reddit.com/r/CadenceMinerals/comments/r9wu2f/weekly_discussion_thread_upcoming_news_icymi/

Anything missing of importance?

lol @Bannor. I changed "they" to "it", to be less "them" and "us". Honest guv.

Fastmarkets spot Lithium now at $31/kg with futures increasing to around $35/kg a year out. The panic in the EV industry must be starting to set in - it really don't seem to appreciate how long it takes to bring new quality Lithium resources online!

https://www.lme.com/Metals/EV/Lithium-prices
===[
Fastmarkets MB lithium hydroxide monohydrate: min 56.5% LiOH2O battery grade, spot prices CIF China, Japan and Korea, $/KG.

Date Price (US$ per kilogram)
02 December 2021 31.00
25 November 2021 30.50
18 November 2021 29.00
11 November 2021 29.00
]===

https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.html
===[
OCT 2022 35.88
NOV 2022 35.00
]===

"Investing in Junior Battery Metals Companies - Matthew Fernley, Battery Materials Review" (26 Oct 2021)
https://www.reddit.com/r/CadenceMinerals/comments/r5w102/investing_in_junior_battery_metals_companies/
https://www.youtube.com/watch?v=A6DLsmgo-bE
===[
Battery Materials Review editor and hedge fund analyst explains key issues and strategies to adhere to when investing in small and mid-cap battery metals miners.

Matt identifies issues specific within the sector such as the importance of quantifying high purity battery raw material that resource estimations so often overlooked.

Website: www.batterymaterialsreview.com

Timestamps:
00:00 - Soundbite
00:20 - Introduction
01:30 - How battery metals fit in the energy transition
04:20 - The substantial supply demand imbalance emerging
06:09 - Battery material production chain
10:00 - Specifications for cathode materials
13:24 - Don’t underestimate qualification testing period
14:45 - complexities of the sector to be aware of
18:00 - DLE, new technologies and producing battery quality lithium
26:22 - Higher metals prices impact on battery chemistries
30:23 - Skills sets necessary for this sector
32:52 - What makes good diversification?
]===

lol, I'm not hung up on a particular date as I know it could land any day, and besides I'm fully loaded. Just that AIM and FOMO go hand in hand IMHO! i.e. it's not me that's the problem here, it's everyone else! lol. Present company excluded of course. ;-)

Indeed @EV, but noting the context of the 60 days could have been in relation to this announcement minus at least one day - as presumably it was agreed the day before.

"Bank Credit Committee Approval for Amapa Project Settlement Agreement." (11 October 2021)
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428213012811598

Feels close either way @tomcat!

It'll land when it lands. Hopefully within the 60 days, which is round about when the courts are asking for an update by...

Here I am! ;-)

It's a great video - summarises a lot of industry knowledge that most outsiders won't appreciate exists, or if they do, the intricacies of! KDNC shareholders are massively undervaluing our Sonora asset IMHO, but I appreciate we once massively overvalued it so perhaps it's an understandable once bitten...!

Are we likely to re-rate to 20% of $3.2B when the deal completes?

"Weekly Discussion Thread; Upcoming News; ICYMI [November 29, 2021]"
https://www.reddit.com/r/CadenceMinerals/comments/r4lpc8/weekly_discussion_thread_upcoming_news_icymi/
===[
Future expected events / news

Amapa Iron Ore Mine, Brazil

Expected signing of contracts within 60 days of bank credit committee approval enabling KDNC to take 20% ownership of a project with an estimated internal valuation of $3.2B in 2008
]===

No of course not! 20% of $3.2B = £480m - AIM isn't that strange or unpredictable! lol. I've always felt that ballpark £100m is realistic, especially since going to 27% from 20% for $3.5m feels nailed on. And then there is the option to go to 49%, so maybe even £150m market cap = £1 per share could be on the cards with enough reach and understanding of the project's prospects, and certainly so IMHO post PFS + taking our 27% + favourable iron ore/shipping outlook, maybe even £1.50 or higher if the requirements to take us to 49% and how we plan on fulfilling them are clear and achievable.

Iron ore on the up in both the afternoon and evening DCE sessions. :-)))

Fingers well and truly crossed those unique court movements reported by @EV (thanks!) turn out to be meaningful and not just noise! ;-)

Ob.