Member Info for The_Modeller

Good morning Jonah58, all,

‘Local’ involvement has to be a cornerstone of operations regardless of jurisdiction and naturally Cyprus would be no exception.

The exciting grades in Caerus’ projects are plainly why EV Metals became a strategic partner and Bezant entered into a JV. IMV when the forecast production numbers are entered into the FM they will provide a strong investment case.

Best wishes,
-TM

charles432,

Thank you for your reply.

Parking the poor bankability of the jurisdictions of Southern Africa, your assertion, “In Cyprus my understanding is that for the Copper to be recovered profitably, it will also require the Gold present to be recovered” is simply incorrect.

Taking your further point, “But currently Cyprus is an ancient rugged Tourist Destination, with limited mining tradition”. Respectfully, the word copper takes its name from the Greek "kyprios" and the Latin "cuprum". Copper has been mined on Cyprus since the fourth millennium B.C., which I think you must agree is a tradition of sorts.

Best wishes,
-TM

charles432,

Apropos JLP’s option with Caerus in Cyprus: this is principally a Cu play, and the Cu is in the low hanging fruit of historic stockpiles and tailings.

Crucially Cyprus is in the EU and the "Rules of Origin" (RoO) for electric automotive products under the EU-UK Trade and Co-operation Agreement (TCA), stipulate a proportion in value must be created from a UK/EU source for the products to be tariff and quota free.

WKR,
-TM

Some wider liquidity issues across the mkt today.

PNPL was born to RTO: it’s just a question of time before its ducks are in a row …

Goldman Sachs predicts that by 2030, copper demand will grow nearly 600% to 5.4m US short tonnes. In North America, the EV market will have a value of $2.7bn by 2021 and $18.6bn by 2030. And by 2040, passenger EVs alone will consume more than 3.7m tonnes of copper annually.

According to the US Geological Survey (USGS), in 2019 global copper reserves were estimated at 830m tonnes, with annual demand totalling 28m tonnes. Additionally, discovered and undiscovered deposits amounted to over 5bn tonnes.

At the same time, of the 224 copper deposits that were found between 1990 and 2019, only 16 were discovered in the past 10 years, meaning that discovering and developing new mines should be a critical priority to meet the growing demand for the green energy transition.

A little less than half of the copper in the average EV is found in the battery primarily as foil for the anode material. 

83kg of Cu in an EV vs 23kg in an IC vehicle.

A fast charger requires an additional 8kg of Cu.

"Rules of Origin" (RoO) for electric automotive products under the EU-UK Trade and Co-operation Agreement (TCA), stipulate a proportion in value must be created from a UK/EU source for the products to be tariff and quota free.

Nonferrous metals and minerals featuring highly in Li-ion batteries are lithium, cobalt, nickel, manganese, graphite, aluminium and crucially copper.

https://www.prnewswire.com/news-releases/raw-materials-in-focus-as-lithium-ion-battery-market-development-moves-up-a-gear-611953095.html

EV Metals alliance with CMRS esp after its battery materials ‘steal’ from Johnson Matthey, is visionary.

I saw this in the MailOnline, 26 May 2022

“ The strengthening of an existing partnership burnished the shares of Cyprus-focused Caerus Mineral Resources in a big way – they shot up 18 per cent, or 1.8p, to 11.8p.

Famous for its rich copper resources, the Mediterranean island is linked to the age of the electric vehicle thanks to new deal for the London-listed small cap.

Access to Caerus’s Cypriot copper is why EV Metals Group has renewed and significantly expanded its collaboration, as the European origin of the metal will allow it to be traded tariff-free under EU-UK trade rules.

The deal, which will see a ‘substantial investment’ made in Caerus that is designed to help it buy more mining European mining projects, follows EV Metals today agreeing the £50million acquisition of battery materials business from Johnson Matthey.

Shareholders in the chemicals group were unimpressed, with Matthey’s shares falling 3.6 per cent, or 85p, to 2266p.”

You need to speculate to accumulate and DevEx requires liquidity. IMV I believe we will hear some exciting updates at the AGM ….

pinocchio,

My thoughts entirely: AGM 1 June 2022 at 11:00AM:

https://us06web.zoom.us/webinar/register/WN_jzBaMp_BQcaP1sF9QcHRPw

HaGW all,
-TM

Rag Udd, BHP's head of America's mining operation recently stated at the World Copper Conference:
"The world will need twice as much copper in the next 30 years as it has in the last 30 years."

wrt *your …

Outlook was wrt to your disposition, sorry you didn’t seem able to understand.

Do keep at it with the brevity.

“They are essential, we don't want to find out that the resources are divided by opposing forces, do we?”

Boy, this BoD will have to get up a lot earlier in the morning to catch you out.

Bon voyage (I hope your outlook improves).

will *be

Chopper99,

Being correct or incorrect is binary.

Respectfully, I think you’re being a pedant on ‘precise’ locations but I am certain there will site centred grid references on all the forthcoming permitting applications.

I hope you have a splendid weekend on your canal boat.

WKR,
-TM

By way of corrigendum to my earlier post: I don’t believe southern Africa is now this Co’s sole “focus”, their Cyprus projects are well developed and have significant traction (JVs with Jubilee and Bezant are testimony to that). IMV Southern African opportunities are very much in parallel to this CO’s strategy.

Exciting times ;-)

Today’s RNS:

Charles Long to be a shot in the arm with a focus on Cu in southern Africa; whilst Martyn Churchouse is retained to land the plane with Bezant at Troulli - v.v. +ve!!!