Setfire2thehive

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Setfire2thehive

Setfire2thehive

@setfire2thehive

Katılım Ocak 2021
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Setfire2thehive
Setfire2thehive@setfire2thehive·
$AAJ took a while but a great acquisition (Vale the partner in the project) Drill hits 80-100m Cu @ 1.6% - 2% Cu Shallow Good jurisdiction Resource not constrained MC ~13M Undiluted ~23M diluted $AAJ still has other projects Short summary on HC here hotcopper.com.au/posts/82510767…
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Setfire2thehive@setfire2thehive

Been chipping away at a Aus micro cap gold/copper play. $AAJ -2.5M MC with ~1.6M cash. Raise just done. 1M EV -Drilling commence 2-3 weeks ago on follow up gold at salmon gums. -Has large scale project potential -Strong news flow next 3-6 months. *I was NOT part of the raise*

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Setfire2thehive
Setfire2thehive@setfire2thehive·
$VMM lowest quartile for AISC according to the studies makes the project viable in all pricing cycles. Other projects need agreed pricing higher than spot long term to have a positive NPV.
Viridis Mining and Minerals Limited@Viridis_VMM

Viridis Mining and Minerals $VMM is progressing discussions with partners in the US and Europe to secure rare earth offtake agreements, supporting diversified supply chains amid growing geopolitical pressures. As highlighted by Bloomberg, these efforts reflect increasing demand for reliable rare earth sources outside China and reinforce the strategic importance of our Brazilian projects in meeting global needs. Read more here 👇 bloomberg.com/news/articles/… #RareEarths #CriticalMinerals #VMM #Colossus #Project #Brazil #SupplyChain #Viridis

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Setfire2thehive retweetledi
MRG Metals
MRG Metals@mrg_metals·
MRG Metals (#ASX: $MRQ) has strengthened its portfolio with the acquisition of the high-grade Garies Rare Earth Project in South Africa, marking a key step in building a diversified critical minerals business. The acquisition adds a magnet-rich rare earth asset with exceptional grades and a defined pathway toward development, complementing MRG’s fully funded Heavy Mineral Sands Joint Venture in Mozambique and its rapidly advancing Adriano–Fotinho rare earth portfolio. Read more: cdn-api.markitdigital.com/apiman-gateway…
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Setfire2thehive
Setfire2thehive@setfire2thehive·
@sonofhippocrate @Roon_aus If you’ve got a solution for how to raise money and not cause dilution let the ASX directors know because you’ve cracked the code for non revenue generation public listed companies and how to raise funds. Dilution is just reality in spec investing. Stick to trading - IMO
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Ape MD
Ape MD@sonofhippocrate·
@setfire2thehive @Roon_aus They should take dilution more seriously. Its not that they raise at a premium but if the sp doesnt appreciate over the next year and we are still raising in order to continue the projects…. This is poor management imo
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Setfire2thehive
Setfire2thehive@setfire2thehive·
$MRQ Only 3/23 identified targets have been partially drill tested to date, “significant mineralised tonnage with grades exceeding ~4% TREO” 4% TREO hardrock is economical. Now proving a mineable resource now. This excludes the 50M USD JV payment for HMS proj 10-15M MC AUD
@PeakAsset@PeakAsset1

$MRQ #Acquisition next to the highest producing mine 14.5% TREO and brings the #CEO of $CRI inside @PeakAsset1

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Setfire2thehive
Setfire2thehive@setfire2thehive·
@sonofhippocrate @Roon_aus You’re right they should raise money at twice the trading shareprice. I’m sure loads of investors will be happy to give money at a premium. (Sarcasm) This was raise at/above last trading price. I’ll take economic and sovereign risk over a dead rubber in Aus. That’s me though.
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Ape MD
Ape MD@sonofhippocrate·
@Roon_aus @setfire2thehive Its because of sovereign risk, and the extreme extreme delays. Keep pushing things back and bad raises. They are still raising money down here is poor form imo
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AJ
AJ@Alex__j·
@setfire2thehive If they found anything at Penny we'd know by now... surely
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Christophe
Christophe@Christophe_Qld·
#WC1 #WC1.ax raising a good amount of money to progress the Salazar Critical Minerals project right next door to $OD6. The Salazar project is a 200mt REE resource with scandium, alumina and titanium. Not bad for a $4m MC stock. $VMM out with a similar resource this morning and capped at $140m.
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Setfire2thehive
Setfire2thehive@setfire2thehive·
@Alex__j Not particularly. Might get interesting 2-4weeks from now when the core starts coming up.
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AJ@Alex__j·
@setfire2thehive Any thoughts here after today's announcement given price fluctuation?
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Setfire2thehive
Setfire2thehive@setfire2thehive·
@RawMinerals I do congratulate them on getting the loan. Obviously no one read the detail in the SS to realise the project is totally uneconomic IMO. My estimates are 80M USD loss p/a @ spot REO price. Comparison to $VMM in below post by me on HC if interested. hotcopper.com.au/posts/79224105…
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RM💰
RM💰@RawMinerals·
Dear $VMM $MEI $ARU $NTU $IXR Countries are racing to secure #RareEarths, while $VTM secures a US$10M loan and a potential US$330M CAPEX from Saudi Arabia’s Public Investment Fund (PIF), managing over US$925B Wouldn't it be prudent to travel to Saudi with current samples ? #US #RareEarths #TradeWar #China
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RM💰@RawMinerals

#RareEarths $VTM on TH The Company requests a trading halt immediately, pending an announcement regarding a strategic alliance in funding facility. $VMM $MEI $ARU $NTU next

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Setfire2thehive
Setfire2thehive@setfire2thehive·
My mistake there are ~50 project on the list not 10 as indicated by another poster. That would be circa 20M each if evenly distributed.
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Setfire2thehive
Setfire2thehive@setfire2thehive·
$VMM $MEI just secured funding/grant via BNDES (Brazil Government). With 1Bn to divi up across 10/11 projects they could each secure up to or around 100M each if evenly distributed. More detail to come but not inconsequential. $VMM Currently trades at 2% its NPV @ 36M MC
SC82@cluffy82

@Viridis_VMM $VMM is on the list! Partnerships for sustainable development - BNDES

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Setfire2thehive
Setfire2thehive@setfire2thehive·
@Sustainabledud1 What am i missing? 4.12% TREO ~ 0.9% NdPr Head Grade 850,000tpa Front End design. Total Input REO ~35,000 Concentrator recovery = 45% Output REO ~ 15000 (no where near 20,000) MREC is ~45% Conc level = 50% Payability (At best). 15000T @ $3.5 usd/kg = 50M USD Rev Opex 110M USD
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Setfire2thehive
Setfire2thehive@setfire2thehive·
It's not too late to pull the plug on 'construction' for $PRE #Pensana. OPEX = 113M USD MREC production = 20000T MREC value ~ 4400USD/T Rev at spot REO ~ 88M USD "technical" due diligence was performed. Unfortunately (or intentionally) it never assessed economic viability.
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Setfire2thehive
Setfire2thehive@setfire2thehive·
@Contrarian_WA Unfortunately EBITDA of zero at current REO price. 240M usd opex and almost exactly 240M usd rev for the ndpr. IMO SEG and Phos CR won’t cover the AISC cost on 1.2Bn USD. $VMM and $MEI capex is less than 400M and still makes 20-40M USD on a AISC basis at current spot.
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Setfire2thehive
Setfire2thehive@setfire2thehive·
$ARU also not good valued at 450M MC 4400T NdPr Nd Pr revenue 240M USD Opex costs annual ~240M USD 1.2Bn USD capex for EBITDA of 0. Phos/seg credit won’t cover AISC For comparison $VMM (30M mc) and $MEI (260M mc) capex is 1/3rd the above both make 40-50M usd EBITDA at spot
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Setfire2thehive
Setfire2thehive@setfire2thehive·
@Spearhead_Cap Correct - Further strengthening the argument that even low HREO content deposits are still desirable as the HREO are more economically separable. Essentially what $LYC discovered with their SEG product.
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Spearhead Capital
Spearhead Capital@Spearhead_Cap·
@setfire2thehive Uhm and if I’m reading the chart right, not many actually had a lot of HREE, only a few with >50 ppm and >100 ppm. Now it does matter on that point if they’re surface grab samples or auger samples but assuming the latter that doesn’t seem to be “very” HREE heavy at all.
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Setfire2thehive
Setfire2thehive@setfire2thehive·
$LYC makes it's second move partnering for ionic clay REO supply in Malaysia. That's notionally important as it validates the need for IACs for HREO. IACs info in malay is opaque - but most look low grade and not viable. A couple of 1000ppm+ projects. Very good for $VMM $MEI
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Setfire2thehive@setfire2thehive

$LYC finally admits they're looking at REO projects in Brazil. msn.com/en-ca/money/to… "Yes there are deposits there, yes there are deposits in Brazil. Yes we are looking at them" $VMM $MEI $BRE the only ones that possibly make sense. My opinion here. hotcopper.com.au/posts/78974997…

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CSIS Critical Minerals Security Program
CSIS Critical Minerals Security Program@CSISMinerals·
The United States holds just 1.3% of global rare earth reserves—while Brazil and Vietnam together surpass China in total reserves. Yet China continues to dominate production of 30 to 50 critical minerals. To secure U.S. leadership and competitiveness in the global supply chain, we must accelerate strategic international partnerships and diversify sourcing to trusted, resource-rich allies. This is not just economic policy—it’s a national security imperative, highlights @GraceBaskaran, Director of the CSIS Critical Minerals Security Program, during the recent Senate hearing on critical minerals & trade.
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Keşfet

@sonofhippocrate @Roon_aus @Alex__j @Christophe_Qld @RawMinerals @Sustainabledud1 @elonmusk @BarackObama