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Today as starting point, to have a EU Li play of high quality is a fantastic thing. To have it at around 20 % of Npv is even better. https://blogs.platts.com/2019/05/02/eu-powerhouse-battery-production/ https://mastermines.global/articles/lithium-second-coming-cycle-of-the-giant/
same w 922C - granted in 2108, but not officially yet. Atribuciao pendente.. something pending but seems preliminary granted. As such, probably slow moving from unofficially granted to officially... some form of attribution.. happy w this though. Moving along.
I truly believe Moz will go forward. Will we go all the way top production, not sure but at least towards that end.. how much of our mcap today is ascribed to Moz, not much.. as such I see a nice upside here if/when we get licenses etc.
well, tbh - I do have it at 0.5p...
https://docs.google.com/spreadsheets/d/1xzQC_VFoIwwIfgxxDDr100HbsQxhGwcOzv1ExbfFlMM/edit#gid=1044579371
I have no information whatsoever re Oman. I did write it off already a year ago as I just don't trust that the gov will get the industry back up... It just seems impossible to do business. All these seminars, laws, ministries etc... jeez... any copper out of the ground yet? Opening offices in Ldn to promote mining activity in Oman? I don't know. I really hope I am wrong, more so than you. I just always prepare for the worst thats all. Ideally we sell/JV w someone and get a free carry. It should be better w a larger company operating many of the blocks and consolidating the industry there.
I value Portugal and Moz enough for me to sleep good at night with this huge investment.
Hey guys.
Just thought I'd comment on the frustration. I have it too - first bought in April 2014 at over 6p and saw price go down to sub 2 and then up again. Having added all along the way and still adding has made me a significant notifiable holder. At first this was planned as a 5y investment for me. That anniversary came last week and apparently I was dead wrong w projections (more hopes at that time) as this to date has not been a good investment (other than that I now have a large holding in a quite illiquid share I do believe will move up considerably). I have no issue sitting on this.
Why have I kept on adding (albeit quite small lately)? Well, as I re evaluate the case very often, as you all should do, I come to the conclusion that given what I know today, factoring in history - I believe that this is one of the better investments out there from this starting point going forward. Every buy is a "new investment at a new time". It is very important not to fall in love with a share and base new investment decisions on old holdings. If you - irrespective of how many shares you have or average you have - don't see this company evolving in shareprice (not Mcap) equally or better than any other investment, you should walk away. Muldoon, I do respect the 6 months deadline you have and believe we will be in a totally different place at that time.
I do see Oman being worthless and that is obviously sad as I had high hopes. This silence just tells me nothing is happening or there are issues. Could be wrong but better to plan for the worst, which I have done since a long time and expressed it here.
Mozambique - the asset hasn't moved, it has increased in value as prices are higher and strategic importance for Rio increases for every year. I do see us geting licenses shortly and that would mean we could progress w pjs which in turn increases value by multiples.
Portugal, this is a beast - I have been on site twice, met team, seen lithium and reading everything there is to read about in the sector giving me confidence that we will create value from here. Significant value. We are obviously unlucky with the Li sentiment being ridiculously bad. All the majors crashing, prices falling and investor appetite vanishing. But that should change and when we can produce our dfs and partners are communicated I think the market will see us as a clear go to company for exposure. Thelix, most of the off take deals btw are just that, pre payment for future product. See Sigma as latest deal... we could easily bring on debt as well with IRRs around 50 %, its a no-brainer. Our Capex is small compared to the value and our project in general compares very well to peers.
So from today at 5.6p, with 100 % of MdB and 20 % of Mutamba this is - to me - an opportunity. I do push for more transparency in general so that the us and them can become only WE. I do however trust that management is doing everything they possibly can to deliver sh value. They are a
They took that quote of prod 2019 from somewhere obviously but except that, all good. More eyes on us and the country.
https://www.southeusummit.com/europe/portugal/portugal-raises-the-stakes-in-the-lithium-market/
Guys, if you want a detailed look on how Fortesque are entering Portugal, see this tweet. Quite a nice position to be in for us at SAV... https://twitter.com/trisseswe/status/1120256590215548928?s=21
Hey guys.. I have got a new calc on 100 % of the asset. I started from the scoping study numbers of production and prices, increased the resource for the FS to 17.7mt and increased throughput to 1.5mtpa and recovery to 83 %. As for prices, I took the most recent forecast from Canaccord Genuity. I am prepared to decrease to be more conservative. Then I added the extra revenue from the increased prices for quartz and feldspar, disregarded mica and tailing which also can be sold. I increased Capex w 11mln as a precaution and a guesstimate for processing of byproducts. No idea if correct...
I applied a 32 % tax.
Now I could be very wrong obviously but it does look really good. So DYOR - this is my totally personal calc and I am happy for comments and ideas...
https://docs.google.com/spreadsheets/d/1xzQC_VFoIwwIfgxxDDr100HbsQxhGwcOzv1ExbfFlMM/edit#gid=1044579371