Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Morning all,
Thanks for the link Cacher. I agree, the Q3 results taken in isolation are underwhelming, but imo the dividend commitment will not be affected as Q4 expectations are better. It would appear that it is still the intention to invest further in Brazilian Nickel, and I hope we go for the $20m funding option, which would increase our GRR to 2.0%, and help fund their production ramp up to a 10,000 tpa nameplate capacity from the Demo Plant expansion proposed with the Techmet/US Govt. funding ( 1400tpa Ni capacity ). I still hope that we will pursue a Potash stream/royalty and we could kill 2 birds with one stone by looking at Zinnwald Lithium ( Germany), which would give exposure to Li and K2So4. Also, worth looking at Rare Earths with the imminent growth in UK wind farms and Pensana bringing online their Angola mine, with a downstream processing plant in the UK to produce Rare Earth Magnets needed for electricity generation on the wind turbines. All just my day-dreaming at the moment but JT stated once again a commitment to move into greener revenue streams, which bodes well for the future here.
Hi cherryburn,
I've been involved with them for some time. The real EV " cherry on the cake ", is their Vermelho project, which is destined to follow a Hpal processing route. This will be Capex intensive ( If developed), so imo the better exposure to the future growth in Nickel demand from EV adoption, will be found here, with our BRN Heap Leach process, unless of course JT can get us exposure to a Nickel Sulphide resource with some hope of near/mid term production.
Hi cherryburn, been involved with them for a long time, Vermelho project is the EV " icing on the cake", but is a planned Hpal plant - very Capex expensive compared to our BRN Heap Leach process . So imo the exposure to Nickel in the future growth market (EV's) is better placed here, but I admire their BOD for their professional Business approach.
Morning Albus,
I looked at Lithium first when I started to follow the EV thematic, but the discussions around brine vs hard rock sources and the ensuing investment arguments put me off at the time, so I settled for looking at Nickel sources ( realising the inevitable shift towards 8/1/1 Ni/Co Mn battery development ). Like Cacher, I probably will have some exposure before the EV market starts to get properly going, but I will probably try and get it via a Royalty route. Hopefully APF can latch on to an advanced brine development coming into production in the next few years. I personally would prefer it, if we could first get some exposure to a near term Potash project as in my view, the EV/Energy Storage developments in Europe and N America are the targets to go for medium/longer term.
Afternoon all,
I am looking forward to the Q3 results, and also the proposed further investment in Piaui Nickel/Cobalt project. Having followed nickel laterite developments since 2017 (HZM), I believe the Brazilian Nickel (BRN) unique Heap Leach technology, could be significant in the forthcoming EV Battery market boom. This coupled to their relationship with Techmet ( supported by funding from the US Govt. Funding Agency) should allow for rapid development to 1400tpa Ni output from the existing Demonstration Plant ( target 2022), and then on to phases 2 & 3 up to 25,000tpa Ni output.
These metals are already classed as " critical metals " to US National and Economic Security, protecting supported producers from Section 232 import quotas/tariffs. Our increased participation in this development, will be beneficial to the Company in the medium term 2022-2025, with it becoming a major income contributor in future, and does not preclude us becoming involved with other projects in the meantime.
Afternoon all,
I might be being thick, but never had a share with "buybacks" like these, so apart from the obvious reason, what is the pupose of this exercise. Would it not be better to brief us on any new Royalty targets, if the agenda is to support the Share Price? Please excuse my naïve question.
Afternoon all,
An excellent RNS about Singida. As a matter of interest can someone tell me what the Corporation Tax/Vat Rates/Royalties, we are liable for in Tanzania, not that I profess to be a financial expert, just that I like to understand all aspects of the business.
Agreed Colonel, I stand corrected, but glad to be so as to me this investment gets better and better value for money. No wonder Eric seems so excited in recent interviews, surely anyone looking for a gold play in the predicted gold bull run, just needs to do a little research on SHG to see the possibilities here. Regards Roy.
Morning all,
Thanks for the link Troajan : https://www.proactiveinvestors.co.uk/companies/news/217534/shanta-gold-eyes-growth-as-gold-prices-buoy-prospects-217534.html.
With regards to Singida, even if we only retain as suggested 51% ownership following the IPO, we would have (on quoted values ) :-
Revenue from average production of ~13Ktons per year for 6 years, starting 2022.
Using the previously quoted 2020 ave selling price of U$ 1533/oz = U$ 19.929M.
With a similar AISC to NL ( $883/oz Q1 2020 ), this gives gross margin of U$ 8.450M per year.
To my un-trained mind this is still a significant amount of cash, especially when added to the forecast extra output from NL,
Happy days as far as I'm concerned, so added a few more this morning, GLA.
Morning all,
Good to see the West Kenya deal completed as per Eric's schedule, and relieved to be back in here following a forced sale of all my portfolio back at the end of July. Still plenty of news to come and I agree with the view that the SP is heading in one direction, even if there s the predicted short-term 10% pullback in POG, good luck all.
Morning Colonel,
I have to agree with you on self funding Singida, unless of course Eric is able to achieve project level funding with a relatively low coupon over a short repayment period. In this case, with the potential extra revenue from anticipated gold margin improvements in 2021, doing what you suggest with Barrick would be very prudent. Whatever happens, next year is set to be transformational for us imo.
morning all, thanks for the link Red Jordy, I thought Mark O'Dea was excellent along with the CEO. Plenty of more info to come before first pour so added a few more, expecting the SP to increase in line with drill results.
Afternoon all,
The Q2 presentation and webinar were excellent, as are the posts on here. This really is an excellent BB, so thank you to the Colonel and others for your contributions, and I look forward to contributing in due course. I will continue to increase my holding here as I see this Company developing rapidly over the next couple of years. GLA.
Morning all,
I have always thought that diversification into other revenue sources is the right strategy to hedge against the fluctuations in CPO revenues. The use of fertiliser on the plantations should of course improve ffb yields regardless where we source them from, but I think the development of Guitry should occur alongside this diversification and the extra revenue that this will hopefully generate. I still believe the longer term prospects are good here, hope you are still monitoring the rainfall Phil. GLA.
Afternoon everyone, I bought in today ( Showing as a purchase), as very impressed with the DX potential and the overall 6b ton resource across the projects. I look forward to contributing here when I've learnt more about the projects.
Morning Hazbeen,
Todays RNS ( payment of 2 NED's in shares rather than cash ), is indicative of the dire cash position. To sell shares at this level on the open market would be un-desireable to Directors, unless of course they acquired them very cheaply. Surely they would possibly have tried to place them at a higher price a while ago. The need for cash will probably mean future raises at lower prices ( last one done at a discount of 26% to the SP at the time ). Alternatively as suggested by GKhan I think, there may be a low bid offer for the assets, we will see, but I expect the SP to track lower as more people decide to reduce their exposure at these levels.