Member Info for tropicalblast

So in June 18 the Scope Study gave a NPV8 $356M (£270m at June 18 rates) with the resulting SAV MCap reaching £91M (using 13p SP, not the short term 17p). This was for a 75% owned mine with many hurdles still to overcome.

Now Scope Study gives a NPV8 of $953M (£762M) but the SAV MCap is still only £83M. This is when you now have a 100% owned mine that has overcome some of those hurdles.

Even if you said the June 18 MCap was 1/3 NPV (doesn't even pro-rata for 75%) then I would look at a MCap of £250M.

Either SP is being kept down, I'm missing some fundamentals or SAV is the most under the radar share around. One other option AiM and London Stock Exchange is broken. Do SAV need to look at maybe Nasdaq or Australian listing?

IB....you been in the sun, it's early June. Still nearly 3 weeks until July :-) H2 starts in 19 days.

Tesla needs a 2nd Euro Factory, Berlin will reach capacity soon and though able to increase there is local pressure not to allow them to increase it yet (probably driven by old OEMs not wanting to lose market share)

Spain/Portugal would seem a good location. The only issue is that Tesla have an aggressive build timetable (

And will be transported about 150KM, no shipping required.

I'd imagine the CAPEX would have doubled, by the time you take in the new road required and inflation in this period. But this will be easily covered by the other fundamentals..

Also with the CAPEX hopefully a significant amount will come from EU Funding & Offtake partners. If SAV need to cover any CAPEX then hopefully will be long term financing based on future income.

Even with increased CAPEX, due to the other fundamentals I would see it at being under the 2.1 Years Pay back in original scope study.

Really....this was probably about as far from insider dealing as you could get. It was released via a RNS on 21 April, the trades being a few days before. The timing was within what would be a limited window, it was just after the YE Results, post the DIA re-submission and actually during the extended public consultation period.

At this point in time, there was no way a positive APA decision was in the bag despite what was hoped by all.

I think it just showed great conviction in the re-submission and that SAV had done all they could to address concerns previously raised.

I've not always been a fan of the reporting in PR, but I will give them credit for the article today. They seem to be willing to accept the APA decision and even acknowledge the conditions that have been put in place.

I for one hope that SAV and the MdB community can work together, to bring much to the area in terms of jobs, prosperity,

regeneration, stability and direct community benefits (like helping those in need). The past between the company and community hasn't always been easy but I hope this can change for the better going forward.

Yes there are concerns regarding this being first of many, but at same time I would like to think that SAV-MdB is a minimum to be met for any new mine and that as time progresses even more is done to reduce social/environment impact.

https://www.portugalresident.com/portugals-first-lithium-mine-gets-environmental-approval/

I don't think APA can give a straight forward 'No'. The wording in Article 16 states;

7 - If the EIA authority considers that there are grounds to justify the issuance of an unfavorable DIA, it must send to the member of the Government responsible for the environment area the respective DIA proposal, up to 10 days before the expiry of the deadline set in the previous paragraph.

I read this as being APA can either say Yes, or send to Government for review. APA can't just say No.

If it goes to Government then the following applies;

8 - After the dispatch of the DIA proposal referred to in the previous paragraph, the member of the Government responsible for the environment area has 10 days to issue the DIA.

I don't disagree with you, if the petrol station had never been built we would still have horse and carts. So we need to build out the charging points to increase EV take up, especially for those without at home charging options.

But in this instance I was more pointing out that PR seems to be very positive on there being Chargers being installed and that it will help EV take up.

When PR are also very vocal on not wanting MdB to proceed. Seems that they want Chargers/EV's but not with Portugal Li.

Our friends at PR are happy to report this good news, but does make you wonder where they want the Li for the EV's to come from :-)

https://www.portugalresident.com/mar-shopping-algarve-provides-electric-chargers-for-30-parking-spaces/

My thoughts are that APA will have to either approve or send to Government to review. I appreciate APA could give a No decision and this is something they have the right/ability to do.

However given the much wider impact a No decision will have, such as all that Li staying in the Portugal ground as no-one will ever want to bid for any mining concession given the high chance of a No decision again. The impact this would then have on EU Li independence, the knock on effect to Battery plants and eventually the motor industry. There is so much riding on this.

I just don't see this as being something they would want to take if it is to be a No decision, it's either a yes or send to government (wash your hands of it). Even sending to government would impact confidence for the mining concessions to be auctioned.

Within 12 days we should have some idea of what's happening.

I see battery storage at homes/local community as a great solution. Just like we have Smart/Economy 7 where the electricity cost is cheaper overnight. There will be times when the amount of renewable energy generated exceeds demand. (say as sunny windy day, so both Solar and wind generating lots of clean energy) During these times individuals/communities will be able to 'take' this excessive energy and store it in batteries at a very low price or even paid to take it.

Then when renewable energy is not able to meet demand the stored energy can be used by the individuals/community.

So for example, if you allocated space in an apartment block for 20-30 storage batteries then everyone in that apartment block could use the stored energy when needed. So a nice local community solution.

Other forms such as pumped, etc will make up the mix. But think that local solutions will also be available.

So the local solution could be a massive market for batteries, possibly even bigger then the EV Market (to start with at least)

Just my thoughts.....as the SAV.....not long to go now before we have a decision one way or another.

I totally agree, and I don't think it ends just at the Li supply side.
No raw Li, then no refinery needed as best to refine nearer the mine.
No refined Li, then no battery plants as again best to be near where being refined.
No battery, then no EV industry as yet again best to be near where battery is being built.

It's that start of the complete Chain for EV's. I know MdB is only looking to be able to supply for 500,000 EV's per year but this is a good step forward.
This really is a matter of securing 100,000's (or even in the million) EU Jobs that are dependant on the car industry which like it or not, will be EV for next 20-30 years.

So no MdB Li = No Portugal Li
No Portugal Li = No EU EV industry

As you say it is a binary decision.

PR also got the extension period wrong, quoting "Savannah first submitted an EIA for the Barroso mine in June 2020. Two years later, the project got a thumbs down from APA’s assessment committee,"

There was no 'Thumbs down', instead APA proposed in July 2022 that the EIA evaluation process for the Barroso Lithium Project should continue under Article 16 of Decree-Law No. 151-B/2013.

I've no issues with the extended period and think it's been good and not issues with reporting on this, but PR should get the facts right. If they're wrong on this then maybe wrong on other 'facts' as well.

It's been a long time since I posted on here, but have enjoyed some of the recent messages. This one in particular.
I think it's a good point, but personally I see that EV's are the only real alternative for the next 30 years.

There are many who still don't want to move away from ICE, just look at what happened last week with Germany and the EU fudge.

If we was in an age where we still had the horse and cart, with someone presenting the viable 4 alternative options we currently have, the EV would be the winner. As follows;

Option 1 - ICE Petrol) We will extract from thousand of feet below ground a dirty item, transport it 1000's of miles, use energy to convert into a liquid, then you will have to go to a special place to but this liquid. This very explosive liquid would then sit under you before being set alight just in front of you to power the replacement for your horse. In addition 70% of this liquid is wasted as it does nothing to move you and in return anyone outside will be breathing in toxic hidden fumes.

Option 2 ICE - E-Fuel) We will use great amounts of energy to capture a pollution from other sources, to create a liquid from this. Again you will have to but this in a special place. As option one it will be explosive and wasteful, with toxic fumes still produced at point of burning.

Option 3 - Hydrogen) As per options 2 and 3, but with even more energy to create the liquid. This time the liquid will be so explosive that it's used in limited amounts already. Where to buy this will be very limited. Though at point of use, it is very clean with just water being produced.

For all these options, your car will need very regular service because of all the moving parts.

Option 4 - EV) We will put a very large battery in the Car, this will give 95% of users a range that will do every day use. In addition for well over 1/2 users they will not need to go anywhere special to top up battery, they can do overnight whilst sleeping. For those that do have to top up battery somewhere special, there will be options for quick charge whilst you wait or slow whilst you do something else. The energy used for the battery will sometime create dirty toxins but this will be away from the ground and street level, and will fast become 100% green energy. There will be a risk of fire, but for this to occur it would normally be as a result of a bigger issue where you normally be out of the car anyway. Also due to the limited parts in the car, you will only have to have it serviced a few times in its life time. Oh and at the end the battery can be used for something else.

IF this is how you now sold the alternative to the horse and cart, I wonder what would win??

JL sorry to burst your bubble, but you're not the only one who posts non-positive (let me avoid say negative as obviously offends you) comments. Check out J123 or BSMA, both also make non-positive comments, but I'll give them credit is based on fact of what SAV/DA have or often haven't done. Similar CM has been very constructive recently on the good/bad elements of SAV.

All this said, this board has seriously changed from when I first joined over 3 years ago. So going to take a break from it now/probably for good.

Wish all those here (both Pro/con posters) my best wishes and hope that dreams come true.

I've been saying that I see a MCap £225 -275 post EIA/DFS, so top of this range would be about 16p. Though subject to any further equity issue.

That said, if equity issue was for very specific reasons (and a Right Issue all LTH could participate in) then it could be MCap enhancing and SP neutral. Similar to a Rights Issue that raises funds a Takeover, Expansion, etc. To date all raises have been non-Right Issue (so no LTH benefit) and also for working capital. Hope going forward this changes.

JL I am confused, you've been here since Nov 20 and I think we can agree most posts have been 'Negative' towards SAV and it's prospects. These are your own opinions and there's nothing wrong with that.

However assuming that you was a SAV Holder prior to Nov 20 you have had a chance to sell at over 100% increase in the SP. (prior to placing) and the SP is still about 55% up from when you first posted. Why not get out why you can, if you're so right on all the items you raise then surely you want out now. Otherwise the SP could be worthless come end of 2021.

As a SAV holder, you've not mentioned Moz once from what I can tell. This is still part of the SP and is something being reviewed to release SP value.

LOL.

.....if it's a news site JL agrees with then it's correct and accurate reporting, if not then it's fake news.

Wow....you really think that. In that case, if it is a SAV press release, then all credit to them for including;

"Several people from Boticas gathered in protest to demonstrate their position against the mine. These began to take shape at the beginning of the afternoon and were very audible while the clarification session took place, clearly translating the position of the municipality's population who firmly say "No to Mina"."