George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Dear Mr Moynihan, please could you provide me with the small sum of $4 trillion. I do solemnly swear to use it only for positive things. Yours sincerely, SG
This is great news! Plus plans for a greener economy on the horizon - all whilst working with China to reduce carbon emissions. Pozz. & Perlite are both awesome minerals for the future. Let the good times roll https://www.bbc.com/news/world-us-canada-59298981
p24 Aug 2020 presentation
CS Project – Summary
• Perlite and Pozzolan – valuable industrial minerals with green credentials.
• Large deposits demonstrated by drilling and trenching.
• Mineable by long life open-pit with low strip ratio targeting:
? 20,000 -100,000 tpa perlite (sales value up to c. $10m per annum at mine gate)
? 100,000-500,000 tpa pozzolan (sales value up to c. $50m per annum when ground and delivered)
I know it’s crude but not accounting for rising value of product or other pozz/perl assets such as NewPerl - purely what we have licence for on this project $60m dollars over 15 years is $900m dollars. IMO $50m for this asset would be ridiculously low considering low Capex
Anyway. Just to draw a line under my disappointment for the time being, I’d just like to say I’m still reasonably confident things will work - it seems as ever that this is just going to be a slow burn for a few months yet.
Maybe, but for something so important at this stage it seems IMO a remarkable oversight to have secured a contractor that doesn’t appear to know how to grade the product properly?! There have been people on the ground in Nevada so I’m not sure how it was allowed to happen.
I guess that would depend on what value the CRMC places on the asset as to wether it’s cheaper for them just to buy it outright or have a long term OTA. I’m guessing a large CRMC would need a large regular reliable supply. Wether or not they would want to use the Perlite as a Pozzolan is another issue I guess. I suspect they won’t but I don’t know enough about cement to make that assessment. I have been wondering for the last 6 weeks though wether any delays to the Perlite deals might be in part intentional in view of a potential sale of the whole asset for Pozzolan? Just seems strange to me that with demand for Perlite being high and increasing, and ours being of such good quality, that we haven’t yet heard of any OTA’s for the Perlite being nailed down. If demand is so high I would expect suppliers to need it and competitors to want it.
I may have misconstrued the RNS - It appears it was crushed by a contractor on behalf of SRES for the potential customer(s). Still - we surely shouldn’t be having this kind of problem at this stage - it’s looks bad on the company, and it’s set back progress for a potential OTA. I’m genuinely disappointed by this.
I thought that -
I mean have we really given away 100 Tons of perlite to a company that doesn’t even know how to grind it to their own requirements?! What in the world is going on? /
On the pozzolan side - the wait is disappointing but I don’t see any reason why the test results won’t be good. That said, the current state of affairs doesn’t inspire me to have certainty in any big deals here /
If patience is a virtue, many of us here must surely be amongst the most virtuous people in the world right now. We should be bestowed with long-service awards & knighthoods & the like for being such upstanding and model citizens in these ultra testing times.
Seriously sort it out SRES! Why do we even need to be the middleman?
How many Tons is 1600x150x10m of unprocessed perlite anyway? Several metric Sh*t-Tons! Happy days.
I already had - you pipped me to the post! IMO that’s what they’re eluding to.
Seems very plausible if they are interested in the pozz. I’ve been looking at their growth/acquisitions over the last few years, their focus on ‘local’ resources, efficiency, & sustainability, and it would make more sense than paying a middleman ??
Interestingly Nevada Cement is part of Eagle materials, http://www.eaglematerials.com/ which has just been listed as 7th in the top 10 US cement producers https://constructionreviewonline.com/top-companies/top-10-cement-producers-in-the-us/
I originally thought LaFarge as theyre pushing an eco cement OneCem in the area, but that doesn’t appear to be a pozz mix. Looked into Nevada cement & they have pozz mixes. If 100k Tons of cement annually constitutes large ...maybe they’re looking at local pozz supplies?
http://nevadacement.com/
I guess so. It just seemed a little over optimistic that’s all. SP went up clearly on expectation of good results ...then promptly dropped back down again! I guess it’s better to get any bad news out the way before any flow of good news hits...
I’m not sure why Patrick had to mention Clayton until he had results. Until results are known there is no real material change? Even when results are known, Clayton is a side project or disposable asset, as the demand and profit readily available to the company are be through the mining licences for CS & Newperl?
Fulmar - Lol ?? It is a bit shonky! Mainly typo, but I did attempt to spell decriminalised 2 ways! ...and failed miserably ??
I read if Biden wins the election Cannabis will be deceiminalized at Federal level in the States. Another plus for our perlite ?? Also in relation to talk on here of a future sale - Does anyone have any thoughts if that was to happen, on wether SRES would throw NewPerl into the Deal with CS or keep it as a separate project? Happy weekend all ??
IMO with the right deals in place we could exceed 7.9. Timescales would depend on nature of deal(s) and mine development/expansion, but realistically several months to years. A big TOA or two for kickoff would be a great start though, even if the market is slow to catch up.
Not only does SRES have a good mine life for the existing mine plan, but also the assets for mine expansion in the future to extend it, so this is a great plus!
IMO SRES remains significantly undervalued against its own assets and projected market growth. EUA has the resource but it will take a good few years for sales to catch up with its current market value. I’m not convinced a takeover at the current time will match the current MCAP, though the future resource value is there, it’s going to take several years to recoup it. As for GGP - investors have gold fever! The gold might be in the ground but its going to take 10’s of millions or more to get most of it out, and a mine is years away. I remember when Newmont were looking a few years ago - the info I saw from them was saying it would take about 8 years for them to get a mine up and running ...and that was with all of their experience and clout. So with that in mind I think GGP MCAP at the moment is a bit crazy! The joy of SRES resource is it’s ease of access, and low processing costs, steady/growing market demand for both pozz & perl, and a good approved mine plan. IMO we have room for numerous offtakes, JV’s, and/or a full or partial buyout of assets - I think Patrick and the Team are being very savvy to take this to production, because we don’t need to be limited to selling to one producer. Once we start producing, the company value should grow rapidly, & I think its quite realistic to expect numerous offers for our assets over the coming years.