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@PamplonaTrader @CriticalInvestor higher grade portion of the deposit is 50Mt @ 0.12% Co and 0.86% Ni vs ICP copper grades at around 0.73%, if I recall. Nickel is almost double the price of copper. Also, Ardea has scale, unlike $ECS. I think Ardea's KNP should compare favorably to $CLQ.AX's Syerston.
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from #arl.ax,
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@Mr.Smokey @CriticalInvestor $ECS is not 'barely economic'. When I check in the 2015 PEA for current Co prices, the IRR is around 34% and the post-tax 8.5%-NPV around 200M. Thats not super great, but it is clearly very economic. Plus it is in North America and could start production relatively soon, both factors make it all the more likely that it really gets into production. That said, the current valuation already takes all this into account for the most part, imo.
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from #ecs,
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@CriticalInvestor @DanO Better look into that Mg/Li ratio again, I read somewhere this was insanely high, 60:1 or something whereas 8:1 is a maximum
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from ~roughingit,
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@CriticalInvestor @Mr.Smokey You are correct, I assumed cobalt prices needing to be $19.50/lb for post-tax IRR of 24% from the top of my head, but those were cobalt sulfate heptahydrate prices.
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from #ecs,
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@CriticalInvestor Just imagine if $WML could have done the initial deal on better terms (still all equity but at higher PPS so less dilution)
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from #wml,
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@CriticalInvestor Congratulations @MiningCatalyst Just subscribed, looks promising > nice to see a fellow Dutchman in mining ventures;)
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from #index,
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@MiningCatalyst Dankje @CriticalInvestor. Mutt and @M_B
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from #index,
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@CriticalInvestor @greg Yes instead of vague indications of purchasing ore they could have made this their core strategy for the zinc plant, but they didn't, speaking of layoff plans etc instead
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from #cnx,
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@Mr.Smokey @CriticalInvestor You are right in that it is not easy to follow the numbers in the $ECS PEA. Just today I stumbled over this sentence in the PEA for $CLQ.AX "The cobalt industry is primarily set up to produce chemicals (rather than metal) for use in a range of applications, including for the production of cathode precursors for lithium ion batteries. As such, while cobalt sulphate sometimes attracts a premium over the LMB cobalt metal price, the premium, if it exists, has in recent years been relatively low." So the 20% bonus for CoSO4 over the metal that ECS thinks they will get, might not really be there. Or is CLQ.AX underestimating their revenue? I don't know. But if EVs and storage really take off, then the demand increase will be specific to the sulphates, so a premium will be justified, I guess.
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from #ecs,
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@CriticalInvestor @Mr.Smokey Good find, might be that CLQ is downplaying this premium to create doubt on competitors as well, but being conservative on something not that transparent is a good thing too in my view.
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from #ecs,
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@CriticalInvestor DanO here is the link to Li/Mg data so you can see with everybody else that their ratio (at least based on those samples) is uneconomic by any standard https://alsetenergy.ca/assets/docs/presentations/assay.pdf
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from ~roughingit,
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@CriticalInvestor When I hear lithium in Mexico I Always refer to Bacanora, it is clay based and has a huge recovery issue it seems as I don't see pilot tests on that roasting method they need. I read a thing or two on clay too with Alset
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from ~roughingit,
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@CriticalInvestor $NAK $NDM not very convincing on the issue of economics. Stansberry?
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from #index,
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@CriticalInvestor @EpsteinResearch You speak with John regularly? In that case you probably must have bought a boatload early last year then;)
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from #wml,
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from #index,
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@CriticalInvestor Patience @tommy doing what I can over here;)
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from #index,
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@CriticalInvestor @Vaughan Silver going down did the damage there, not the K report $FR $AG
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from #ndm,
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@CriticalInvestor Could you explain this a bit further to me Tim? Right now it looks they almost better call it a magnesium operation with Li for byproduct;) Fe is too high too btw, same thing? Tnx
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from ~roughingit,
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@CriticalInvestor @murat Any idea if and when to expect a line/mountain chart option besides the current candles? Thanks!
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from #feedback,
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@CriticalInvestor Ask it in here for a change: what is the consensus estimate among analysts for RE2?
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from #nxe,
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@EvenPrime Id like to have a table of that as well @criticalinvestor - then I can put it beside the RE2 Pool
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from #nxe,
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@CriticalInvestor When I have that, I will come up with an estimate too
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from #nxe,
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@CriticalInvestor @Allan What is the normal turnaround time by labs for those results? $ION
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from #index,
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@CriticalInvestor @Brandon That's right, I should be much more controversial and promotional;)
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from #index,
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@CriticalInvestor @anonymous Discussions like this could deepen understanding of certain plays, which I can use when doing dd on others
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from #index,
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@CriticalInvestor For assay labs there is at least
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from #index,
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@CriticalInvestor Exactly, normal turnaround time for assays is 2.5-3 weeks, when busy up to 6 weeks
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from #index,
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@CriticalInvestor Where does your type of lab analysis come in
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from #index,
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@CriticalInvestor DanO probably said that because it takes more time than normal?
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from #index,
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@CriticalInvestor Ask around Allan, especially in the middle of the bear market
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from #index,
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@CriticalInvestor Then you know it's 3 weeks
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from #index,
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@CriticalInvestor You didn't work at mining companies all the time @Allan
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from #index,
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@CriticalInvestor Curious if there is anyone in here having knowledge about lab turnaround time for well testing
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from #index,
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@CriticalInvestor I know of a few lithium juniors drilling brines that the entire thing doesn't take this long
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from #index,
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@Brandon @CriticalInvestor: lab turnaround depends a lot on jurisdiction, generally how busy they are, and the type of test. I can't comment on @Allan's specifics because I know little about $ION and lithium brines, but I've seen some pretty long turnaround times for results when samples have to be shipped far, cross borders, and require special testing. You certainly can't apply an average industry turnaround time to a specific situation.
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from #index,
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@CriticalInvestor @Brandon Regarding those assays: you know I don't mean situations that you are in the middle of a jungle in LatAm. Would you assign that situation to testing from this part of Mexico? Aren't we talking since October last year or something? It is a legitimate question
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from #index,
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@Brandon @CriticalInvestor: per my disclaimer: I have no idea what would be normal for those types of tests in Mexico right now. It could be normal, it could be outrageous. I have no idea.
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from #index,
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@CriticalInvestor Can't be too complex in my view, logistics don't seem tricky there ("roads with powerlines")
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from #index,
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@CriticalInvestor Maybe explain the seemingly extensive time frame?
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from #index,
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@CriticalInvestor What are you talking about @Allan
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from #index,
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@CriticalInvestor You can try to explain why it takes this long
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from #index,
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@CriticalInvestor No @Allan that's your opinion. I am asking you to elaborate on something not entirely common
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from #index,
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@CriticalInvestor @Allan This is not material, just global process information like management discloses all the time, specified by the month or so, sometimes with causes of delay if relevant/not harmful
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from #index,
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@CriticalInvestor Nevermind. @Allan Could you tell us when the lab results will be out? March, April, May, Q2, Q3?
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from #index,
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@CriticalInvestor @tommy News on your secret Argentinian resource projects in the pros channel first? Could be interesting value add
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from #index,
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@tommy @CriticalInvestor Count on it
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from #index,
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@CriticalInvestor Thanks bud
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from #index,
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@nobshere @CriticalInvestor I already know it :)) The would be napoleon told me :)) he been down there for years,,know who I mean
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from #index,
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@CriticalInvestor Curious if Liviakis is ramping up at $CT now - long and patient
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from #wml,
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@CriticalInvestor The vast amount of shares fellow Dutchman Willem owns....unbelievable $SCY
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from #scy,