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written by reader Scandium, Cobalt, and Water Purification: CleanTeQ Holdings

By hendrixnuzzles, February 6, 2017

A Microcap Teaser Solution In Advance !!
(Australian stock exchange CLQ, OTC pinks CTEQF).
CleanTeQ is sure to be the answer to future teasers you will be reading about from resource gurus, To save you all the trouble of solving them, I decided to write this article.
My portfolio was grotesquely overweight in gold and silver positions, and in moments of anxiety I thought it would be a good idea to diversify and take a few positions in something other than gold mines, royalty companies, Mongolian exploration companies, and small-cap copper miners with major operations in the Democratic Republic of Congo.
Thus I made a small speculation in CleanTeQ, solely on the basis that mining titan Robert Friedland was the Chairman, and CleanTeQ was the only resource company I could find that seemed to be in a position to mine scandium, a very rare metal that sells for a couple of thousand dollars a kilo.
My due diligence was so slight that I was embarrassed to emphasize my position to the readers at Stock Gumshoe. We are supposed to study these things a little more than I did for CleanTeQ. And after entering at 50 cents, the stock promptly dropped to 35 cents or so, making me glad that I did not look foolish by publicizing my position.
As the weeks went by, I started to find more information on the company that I should have found out beforehand. This was partly accidental, partly from other Gumshoe readers, and partly from new announcements and company news that occurred after I took a position. But the findings were all very positive, and because the company is so interesting I thought it warranted its own thread apart from the hard asset thread which I moderate.
I have a full long position and high hopes. And I thank Secretsquirrel, Griffin, Larry McKenna, and several others who helped fill in the missing pieces of the puzzle.
Below are my findings, opinions, and summary on CleanTeQ Holdings:
BUSINESS MODEL CleanTeQ is a hybrid company based with three bases: scandium mining and production, cobalt mining and production, and water purification. This seems like an odd combination, but as you will see, it is not. It is a stroke of genius. And I will explain why we should care about scandium and cobalt.
(1) The company is starting production of the Syerston mine, the world’s only scandium mine;
(2) The company will also produce significant amounts of cobalt as a co-product to the scandium;
(3) The company has a large-scale water purification technology, which will target municipalities,
Industrial operations with waste water problems, and mines, which also have water problems

PROSPECTS FOR THE THREE SEGMENTS
(1) Scandium is a very rare metal that usually occurs in only small amounts that are not economical to mine. It is mostly available as a by-product and the market is opaque, usually between private parties. Scandium has very beneficial applications in aerospace, aviation, and technology, but has not been widely applied because there is not a sufficiently reliable supply of it.
(2) Cobalt is essential in many batteries. Lithium gets all the investment press, but a majority of the battery formulations need cobalt, which is rare compared to lithium. Cobalt has a similar supply situation as scandium, it is mostly a by-product and is not commonly a prime mining target in and of itself. But demand for the electric energy market is growing rapidly and cobalt demand is growing and will continue to grow accordingly. Supply chains on cobalt are iffy.
(3) Water purification is a pressing need throughout the world. Cities with lots of people, industrialized places with lots of factories, or mines with waste water, all have a real and pressing need for large scale water purification. I think most people can accept this premise of widespread demand without a lot of documentation.

HOW DO THESE SEGMENTS RELATE TO EACH OTHER ? I cannot get too technical about the water purification technology, but I will try to explain what I understand, and how it relates to the scandium and cobalt operations. They call it Continuous Flow Ionization. Ionization is not a proprietary technology per se, but CleanTeQ has developed a way to implement ionization in a continuous feed, automated loop that improves volume, improves economics, is reasonably priced for installation, and can be custom-modified to specific waste problems. It can be used in conjunction with other filtration techniques. Further, it can be modified TO EXTRACT CERTAIN SUBSTANCES from the feed waste water. This is done by modifying the resins that are used in the ionization process.

Now it so happens that CleanTeQ has developed resins that can extract scandium and cobalt from waste water. So they potentially will have commercial sources of rare metals from the by-product waste of their water purification process !

HOW CLOSE IS THE WATER THING TO REALLY HAPPENING ? It is happening. CleanTeQ has signed a memorandum of understanding with a major Chinese municipality to implement their technology. There is a joint venture, 55% Chinese/45% CleanTeQ. Once the first one is up and working, China has a mind-boggling potential for water purification. For their teeming urban centers and for their mining and industrial locations, shall we say the potential is very large ?

CleanTeQ has 100% of rest of the world. CleanTeQ is closed-mouthed about other commercial sources, but they let on that they have been in contact with the likes of GE, Dow, and other big hitters. They state a pipeline target of $100 million by 2020; I predict they will do much better.

HOW CLOSE IS THE COBALT THING TO REALLY HAPPENING ? Very close. Battery useage is soaring and is the strategic target of many governments, corporations, and environmental groups. Batteries need cobalt.

HOW CLOSE IS THE SCANDIUM THING FROM HAPPENING ? This will take a while because the applications are high tech, with long lead times, and there is only one scandium mine in the world (CleanTeQ’s newly commissioned Syerston mine). CleanTeQ intends to develop the scandium market by being a reliable source of supply, and by driving the price down.
CleanTeQ will have viable margins with scandium prices up to half of current prices.

To give you an idea, the Russians made a few MIGs with scandium/aluminum alloys. They were faster, lighter, stronger. An addition of 0.5% scandium to aviation aluminum strengthens the frame, removes the need for riveting, reduces weight, and makes repairs easier. . The Russians dropped it because of costs; and Boeing and Airbus will not use it without a reliable source of supply. But there is about to be a reliable source of supply: CleanTeQ.

WHAT ABOUT IP PROTECTION ? I believe the IP and know-how moat is sufficient. CleanTeQ holds a perpetual license from a high-level Russian research organization that provided some of the foundation technology. I am not a patent lawyer and a lot of the know-how will be proprietary, not patented. CleanTeQ has been at this for over ten years, I think the barriers to entry are sufficient.

MANAGEMENT Totally a plus. Robert Friedland is the Co-Chairman and CEO, he has 20% of the company, great credibility and clout with the Chinese, and an unbelievable track record in mining. Sam Reggall is the other co-chairman. I know little about him, other than from my observations of him on an Australian investment show that aired last week. He was impressive.

MONEY AND FINANCES I don’t think there is anything at all to worry about. Friedland must be worth billions, the Chinese are in, and the concept has enormous potential.

Sources: as I mentioned, information is scant. My sources were the CleanTeQ website, presentations and and interviews with Friedland and Reggall, and the sketchy information on the brokerage sites. Nothing you cannot find on your own.

Long CleanTeQ

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Griffin
Griffin
August 18, 2017 2:07 pm

$FYI – Vandium the next bull market?

There seems to be a mounting interest in Vanadium the cause of which seems to be vanadium redox flow batteries. I don’t see storage batteries as yet being an issue here in the states so the push seems to be coming from Europe and China. There are some nice perks for having a storage battery on your alt enery source such as AC when the grid is out, using the battery when there is a surcharge on electricity, and 3 phase electrical.In any case here are a couple of links that will hopefully ahed some light on vanadium;

http://maucapital.com/when-robert-friedland-talks-vanadium-i-pay-full-attention/

http://www.prophecydev.com/the-vanadium-bull-500-and-one-vanadium-stock-that-few-talk-about/

xpost

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Griffin
Griffin
August 18, 2017 9:35 pm
Reply to  hendrixnuzzles

I think we are on the same HN. I post this because Friedland is involved and the spot price on vanadium seems say something is up. I also thought our Gummies should be aware of vanadium if there is a extended move. The Gibellini Vanadium project that $PRPCF holds was also held by American Vanadium Corp $AVCVF. AVC was premature in the flow battery market and I got beat up for it. I’m going to watch Prophecy for the time being. I don’t see much happening in storage batteries unless heaven forbid someone detonates a high altitude nuclear device and takes out the electrical grid then it is too late. RF may have a better picture of wat is happening world wide with vanadium. I’d also like to find something closer to production of vanadium. Maybe one of our readers will chip in.

I sold one of my Bio stocks that is having problems and put the money in $ECSIF. Next month there should be a revised feasibility study due it should bump the SP and then I will sell part of my position to bring Clean TEQ to a full position.

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Johnnn
Guest
Johnnn
August 18, 2017 10:09 pm
Reply to  Griffin

Would love to get an update or bens thoughts on China three gorges corporation and clean teq JV- also scandium off takes in the works. Scandium aluminium will be lightweighting EV’s – must be a major car co sniffing around. Usually when clean teq go quiet on something a deal is in the works

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pieter132
pieter132
August 23, 2017 9:00 pm
Reply to  hendrixnuzzles

Audi using Alu already for 20 years great for weight reducing and corrosion it has a few negative issue,s too but they are minor, improves the fuel economics positively

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eagerbeaver
eagerbeaver
August 18, 2017 11:48 pm
Reply to  hendrixnuzzles

HN…I should back up the truck. You make a very powerful argument and write more persuasive copy than CleanTeq produces for itself. Long CleanTeq

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eagerbeaver
eagerbeaver
August 19, 2017 4:25 pm
Reply to  hendrixnuzzles

HN….Yes, very much agree. My largest position cashwise is IVPAF and share numberwise is CTEQF. I’m also long SAND. I plan to replace some flotsam and jetsam with more CTEQF this coming week.

Shavian
Guest
Shavian
August 21, 2017 3:23 am
Reply to  Griffin

From a UK perspective, the most interesting stock in the Vanadium Redox Flow Machine space is AIM-listed RedT (RED). They are up and running with a range of shipping-container based machines, with the first few test machines in place in the UK and S Africa, and ongoing discussions with a nuber of UK utilities. Their investor communications are poor so it’s frustrating to find out what’s going on. The most obvious appications for VRFMs are to back up solar and wind farms to make them viable 24/7

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Griffin
Griffin
August 21, 2017 10:45 am
Reply to  Shavian

Thanks for posting, this should really be in the storage-of-electricity-batteries-big-image column ;

https://www.stockgumshoe.com/2016/07/microblog-storage-of-electricity-batteries-big-image/

Another flow battery maker is Uni Energy aks UET

http://www.uetechnologies.com/

They also use what looks like a shipping crate. They have been working with PNNL and have an electrolyte that adds 70% capacity to the battery.

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jord10
jord10
September 11, 2017 9:17 am
Reply to  Shavian

Hi Shavian, $Red also on my watch list, not bought any yet as I can’t get overly optimistic with them just yet, the idea is there, but seem to have been treading water with little progress (polite?) for some time…

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secretsquirrel
secretsquirrel
August 19, 2017 2:18 pm

Not sure if this is something or nothing, but mentions CleanTeQ.

Other prominent vendors: 3M, Air Products and Chemicals, Alfa Laval, Clean TeQ Holdings Limited, Honeywell International, Sharp Corporation , Troy Filters, W. L. Gore & Associates.

http://www.satprnews.com/2017/08/19/industrial-air-cleaners-market-is-expected-to-peak-demand-with-increasing-use-in-amc-and-hepa-filters/

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renbycage
renbycage
August 19, 2017 5:36 pm

Glad to see the price of nickel approaching $5 again, just a month ago it was descending near $4. If you look at the last FS for syerston, cleanteq used a $7.50 nickel price and a $12 cobalt price. A lot of the exciting gain in cobalt, now more than doubled, was off-set by the decrease in nickel. Nickel has been a hugely volatile metal, spiking to $23 about 10 years ago, and as low as $2. It not usually talked about in relation to cleanteq, but nickel prices will be huge going forward as a factor that affects the stock price. I don’t have any special insight into the long term prospects for the price of nickel, but would think that the demand should be ever increasing over the next decade due to its use in the electric battery revolution. Syerston is in a good position, because everybody horny for cobalt will have to buy their nickel as well if they want a priority place in line. If nickel runs up at some point, that could be party time for cleanteq owners.

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eagerbeaver
eagerbeaver
August 19, 2017 6:30 pm
Reply to  renbycage

It is certainly worth keeping an eye on Li ion battery technology and in particular the composition of the cathodes. Nickel and manganese may progressively supplant cobalt on the grounds of economy and profits, as long as cobalt remains significantly more expensive.

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Griffin
Guest
Griffin
August 19, 2017 10:09 pm
Reply to  eagerbeaver

Here are a couple of companies I’m watching Biosolar $BSRC and NanoOne material Technology $NMOMF. I haven’t really looked at NanoOnne to see if they are scalable for large batteries. BiosSolar has recently announced that they believe they have a silicon cathode and anode formula for productionThere are several newsletters that stay with the alt energy market if your interested.

Shavian
Guest
Shavian
August 21, 2017 1:55 pm
Reply to  Griffin

Hi Griffin
Nano One is focused on simplifying the process of producing bespoke cathode material combinations for any ‘lithium’ battery technology. Their patented process cuts out a couple of stages and reduces costs for the end product as well as being highly and quickly adaptable to any end user specifications. They should have a great future – until of course all these technologies are replaced by supercapacitors, solid state cathodes and graphene batteries! In the meantime, fill your boots, as we say in Wales.

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Griffin
Griffin
August 21, 2017 3:09 pm
Reply to  Shavian

There is a lot going on with batteries, graphene, too much to keep track of really. Your cusins inAustralia Ionic Ind want to replacwe the li-ion battery;

http://www.ionicindustries.com.au/ionic-in-the-australian/

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rubberworm
Member
rubberworm
August 19, 2017 6:41 pm
Reply to  renbycage

These are reply’s from Ben… about a few weeks ago…the #’s are always changing . I agree nickel could be a killer. Btw I have no clue as to who any of you are but Johnnn posts says my thoughts better then I could write them. Getting the #’s right is the key between winning and losing. I’m not a good #’s guy. Looking for somebody to put them all together. Here you go…..””Infomine quotes cobalt price today at US$25.63/lb
For our PFS we stated a cobalt resource (at 0.60% NiEQ cut off grade) of 114,000 tonnes cobalt, or 251 million pounds.
This is always a little bit of a dubious statistic because it ignores factors like mining dilution, metallurgical recovery and the cost to get it out etc, so you need to look at it in the full context of the PFS, but on the face of it, the in-ground value of the cobalt resource today is US$6.44 billion. ”

“Again referencing the warnings below about the validity of this measure because it ignores factors like mining dilution, metallurgical recovery and the cost to get it out etc, we stated on 20 Sep 2016 that the resource of Sc was up to 109Mt @ 56ppm Sc which equates to 9.3M Kg of Sc Oxide (Sc metal tonnage multiplied by 1.53 to convert to Sc2O3). Which equates to about US$14B of scandium oxide at $1500/Kg. ”

”For our PFS we stated a nickel resource (at 0.60% NiEQ cut off grade) of 700,000 tonnes nickel, or 1.543 billion pounds.
This is always a little bit of a dubious statistic because it ignores factors like mining dilution, metallurgical recovery and the cost to get it out etc, so you need to look at it in the full context of the PFS, but on the face of it, the in-ground value of the nickel resource today is US$6.2 billion at a ~US$4/lb Ni price
FS due for completion end of 2017 “”

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renbycage
renbycage
August 19, 2017 7:15 pm
Reply to  rubberworm

Those numbers are compelling, especially when you consider they say they can get the stuff out at industry low costs, and they will process the product into the final form the battery and aluminum people need. Looking for that final feasibility coming out this year to show the world this thing is going to turn into a money printing machine.

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renbycage
renbycage
August 19, 2017 7:27 pm
Reply to  renbycage

also, considering those numbers, buying a share of platina, a supposedly similar deposit, seems like a pretty ridiculous opportunity, since right now its priced at 10 million bucks…. 10 million for something like 10-20 billion dollars of scandium and cobalt in the ground that exists just next to a freaking getting built scandium and cobalt processing plant. In australlia. I think I may have just talked myself into parking a few more bucks there, it seems like an unbelievably valuable resource for peanuts.

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Johnnn
Guest
Johnnn
August 19, 2017 7:17 pm
Reply to  rubberworm

Clean teq looking to optimise cobalt in the early years in the DFS . i wonder if they will tweak their figures ie one could argue there is room to bring cobalt up to $15 and Nickel down to $5. Maybe Ben can answer that one 🙂

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renbycage
renbycage
August 19, 2017 8:12 pm
Reply to  Johnnn

My guess is before that DFS comes out, they will have commitments for cobalt and nickel at something closer to todays prices. Not sure if future commitments are linked to the spot prices, or they negotiate a flat fee price, but the DFS will likely have the power of actual binding commitments.

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Griffin
Griffin
August 19, 2017 10:24 pm
Reply to  hendrixnuzzles

you betch’em Red Rider! I just hope the stars are lined up so I can back up my truck for a OW position.

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secretsquirrel
secretsquirrel
August 20, 2017 5:34 pm

CleanTeQ and others….

There are a growing number of ASX junior miners looking to take advantage of the market potential of cobalt. Although these are highly speculative plays at best, investors would do well to watch the emergence of best of breed. Stability is a major reason to consider this mining sector. Right now, approximately 65% of the world’s supply of cobalt comes from a country considered high risk – the DRC. Global investors are keen to find more stable sources of supply.

The following table includes ten miners listed alphabetically either flagshipping cobalt projects or holding potential cobalt resources from flagship copper or nickel mining operations.

http://www.thebull.com.au/premium/a/69029-asx-cobalt-miners-for-your-radar.html

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renbycage
renbycage
August 20, 2017 10:39 pm
Reply to  secretsquirrel

When evaluating other cobalt opportunities in relation to cleanteq, consider 1. cost of extraction, 2. cobalt grades, 3. whether final product is industrial spec sulphate form or needs additional processing.

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eagerbeaver
eagerbeaver
August 20, 2017 11:41 pm
Reply to  renbycage

Clean Teq has produced high purity Cobalt (II) Sulphate Heptahydrate samples and sent them to potential customers for their testing and analysis. Clean Teq report dated 31 July, 2017
http://www.aspecthuntley.com.au/asxdata/20170731/pdf/01878348.pdf

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SoGiAm
August 20, 2017 11:53 pm
Reply to  eagerbeaver

$CLQ long –
EagerBeaver – http://www.cleanteq.com/investors/asx-announcements/
Have a great week ALL… 🙂

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Shavian
Guest
Shavian
August 21, 2017 2:01 pm
Reply to  secretsquirrel

Useful,table Squirrel, thanks. Did my own research and tooknan opening position today. Thanks to all posters and HN in particular for this promising investment.

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eagerbeaver
eagerbeaver
August 21, 2017 11:17 pm
Reply to  hendrixnuzzles

On the subject of autoclaves, it might be of interest that the distance between New Caledonia, where Clean TeQ’s recently purchased autoclaves are located, and the port of Newcastle, New South Wales, is 1,159 miles if the ship sails in a straight line.
https://www.distancecalculator.net/from-noumea-to-newcastle-2

Johnnn
Guest
Johnnn
August 22, 2017 2:20 am
Reply to  hendrixnuzzles

Goldman Sachs have begun buying CLQ – boom coming!

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secretsquirrel
secretsquirrel
August 22, 2017 4:50 am
Reply to  Johnnn

Just wondered where you got that info from?

Johnnn
Guest
Johnnn
August 22, 2017 6:06 am
Reply to  secretsquirrel

Ss, broker data from ASX.

rubberworm
Member
rubberworm
August 22, 2017 11:56 pm
Reply to  Johnnn

Very interesting .What kind of #’s and when was GS buying?
TIA

Johnnn
Guest
Johnnn
August 23, 2017 3:40 am
Reply to  rubberworm

Goldman Sachs have just started taking a position – let’s hope they go large. Will be better placed to give you a figure in a few days when trades settle. Good sign imo.

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rubberworm
Member
rubberworm
August 23, 2017 4:01 am
Reply to  Johnnn

That would be good to know …
Thanks

secretsquirrel
secretsquirrel
August 23, 2017 3:03 am
Reply to  Johnnn

Thanks Johnnn,

secretsquirrel
secretsquirrel
August 22, 2017 4:51 am
Reply to  hendrixnuzzles

And ….2 MEGA autoclaves!!

eagerbeaver
eagerbeaver
August 21, 2017 11:15 pm

On the subject of autoclaves, it might be of interest that the distance between New Caledonia, where Clean TeQ’s recently purchased autoclaves are located, and the port of Newcastle, New South Wales, is 1,159 miles if the ship sails in a straight line.
https://www.distancecalculator.net/from-noumea-to-newcastle-2

Johnnn
Guest
Johnnn
August 22, 2017 2:04 am
Reply to  eagerbeaver

Nickel sulfate becoming the buzz word.
http://www.bestchinanews.com/Finance/12745.html

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Coyote
Coyote
August 23, 2017 6:44 am

Hi all – firstly, thank you to everyone for their contribution here, and in particular HN. It was the convincing story evoked by the spirited discussion and due dilligence undertaken by you all that made me take a position in $CLQ as of early this morning (UK resident here, and bought shares of $CLQ directly off the ASX, so my alarm clock was tooting its tune at an unholy hour).

This is my first ever venture into a mining stock, but as you all well know it would incorrect to regard Cleanteq in such a linear fashion. The potential Cleanteq has to simultaneously solve and make better the numerous problems the world has surrounding pollution – not exactly a lonely consumer cohort – is scintillating. The fact that at present market cap most of this is being discounted makes this as much a value play as it is a growth play into the expanding scandium and cobalt markets of the future.

I came across this brief white paper on Scandium during my due dilligence. It is much a reaffirmation of things that have already been mentioned by others but it is nice to have and refer to when needed.

http://www.emcmetals.com/i/pdf/Scandium-White-PaperEMC-Website-June-2014-.pdf

Cheers

Long $CLQ

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SoGiAm
August 23, 2017 7:00 am
Reply to  Coyote

$CTEQF long – Welcome to the HendrixNuzzles zone Coyote!

You maybe interested in HN’s other current thread: Comment Link: https://www.stockgumshoe.com/2017/07/microblog-gold-and-silver-and-hard-assets-summer-2017
#Best2You&ALL. 🙂

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Coyote
Coyote
August 24, 2017 1:10 pm
Reply to  hendrixnuzzles

Thanks Hendrix and Ben.

Pertaining to your comment that miners suck Hendrix, I would hazard a guess that that historic truth could begin to shift over the course of the next decade. Lifting from Robert Friedland’s own commentary on a recent podcast I listened to involving him, machine learning and I-pulse technology could present a situation where the overhang of labour costs in remote locations as well as I-pulse’s 99.99% recovery of metal with very little energy cost (compared to the extortionate grinding costs of the current day) would revolutionize the economics of low grade deposits. I think it is sensible to infer that this may very well be Friedland’s thesis when it comes to the San Matias deposit of Cordoba Minerals provided they don’t find higher grade copper. The idea of what ore is profitable will be reperceived according to him. High grade versus low grade won’t matter (as much).

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rubberworm
Member
rubberworm
August 24, 2017 12:41 am
Reply to  Coyote

Aussie market is flying tonight….save a few shares for us Pal. Btw the English jump in early in mining. They have been doing it for 100’s of years. Check out Greenstone Resourses…They seem to even have the backing of Lord Renwick.

Johnnn
Guest
Johnnn
August 24, 2017 2:18 am
Reply to  rubberworm

Booooooom!

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hedy1234
hedy1234
August 24, 2017 9:51 am
Reply to  hendrixnuzzles

HN- great summary of your thinking. It is very similar to my approach. Only big differences are:
1. Do not believe platinum will move as well as silver and gold.
2. Not convinced that Uranium will ever move meaningfully.
3. Like Altius and OR as commodity royalty plays.

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hedy1234
hedy1234
August 24, 2017 12:07 pm
Reply to  hendrixnuzzles

HN-I do own one large miner- BHP

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SoGiAm
August 24, 2017 11:57 am

Cobalt Miners News For The Month Of August 2017 by Matt Bohlsen https://seekingalpha.com/article/4101612-cobalt-miners-news-month-august-2017

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Griffin
Griffin
August 24, 2017 2:00 pm
Reply to  SoGiAm

Ben, you have too much time on your hands, or I’m going to have to get earlier. ;-]

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Griffin
Griffin
August 24, 2017 1:14 pm

$FYI – Cobalt Miners News For The Month Of August 2017
by Matt Bohlsen
Summary
Cobalt spot price news – cobalt spot prices rise yet again, now up 125% in the past year.
Cobalt market news – the cobalt deficit continues.
Cobalt miner news – BASF and Norilsk Nickel enter exclusive negotiations to cooperate on raw material supply for battery materials. Ardea Resources expands their contained cobalt resource to 405,000 tonnes.

https://seekingalpha.com/article/4101612-cobalt-miners-news-month-august-2017?uprof=46&isDirectRoadblock=true

Note: Interest charts on grade and resource size.

$ECSIF $CTEQF long
xpost

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eagerbeaver
eagerbeaver
August 25, 2017 6:25 am
Reply to  Griffin

Matt Bohlsen et al are long GLENCORE (LSX:GLEN), KATANGA MINING (TSX:KAT), FORTUNE MINERALS (TSX:FT), CRUZ COBALT CORP (TSXV:CUZ), ARDEA RESOURCES (ASX:ARL), FIRST COBALT (TSXV:FCC). Note that our favorite, Clean TeQ, is absent from this list. Is Ardea Resources on our radar? They are claiming to have “the developed world’s largest Cobalt resource” and are also reporting deposits of Nickel, and Manganese, the big three components of Lithium Ion battery cathodes.

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SoGiAm
August 25, 2017 6:42 am
Reply to  eagerbeaver

re: Ardea Resources np , EagerBeaver, A reminder that you may use the ‘Comment Search’ feature to find if subject has been previously addressed https://www.stockgumshoe.com/2017/02/microblog-scandium-cobalt-and-water-purification-cleanteq-holdings/comment-page-6/#comment-4945162 Best2You

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eagerbeaver
eagerbeaver
August 25, 2017 12:55 pm
Reply to  SoGiAm

Thank you. I found some discussion related to Ardea Resources on page 6 on August 5/6 and related to warrants.

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Johnnn
Guest
Johnnn
August 25, 2017 8:15 pm
Reply to  eagerbeaver

Ardea will struggle to extract their resource economically – too much acid needed. Worlds largest, but that’s no help at .05% Co. priced cheap for a reason.

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eagerbeaver
eagerbeaver
August 25, 2017 3:53 pm
Reply to  hendrixnuzzles

HN…. Yes, I know. That’s why I doubled my position in Clean TeQ recently. Perhaps I should have quadrupled it or more. My attention was drawn to Ardea Resources because they say they have lots of cobalt and nickel and also manganese, the big three for Li Ion battery cathodes, for which the demand is rapidly increasing. And they are in Australia. Manganese is a lot cheaper than cobalt. Just think they are worth keeping an eye on.

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Griffin
Griffin
August 24, 2017 1:29 pm

$FTSSF – First Cobalt to Resume Trading on August 28

Note First Cobalt halted trading due to merger with Cobalt One, current SP $.58

https://firstcobalt.com/2017/first-cobalt-resume-trading-august-28/

FTSSF np

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arch1
August 25, 2017 3:24 pm

Cobalt may not be in as much demand as thought if high power density Lithium sulfur batteries solve a problem They build up a layer that shortens their life. If solved The Tesla type battery,,, using cobalt, will be instantly obsolete. Science is moving rapidly to get a practical low cost , high power battery.

http://www.pnnl.gov/science/highlights/highlight.asp?id=4614&utm_source=Twitter&utm_medium=Social&utm_campaign=HL-ElectrolyteDecomp

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Johnnn
Guest
Johnnn
August 25, 2017 8:17 pm
Reply to  arch1

Now morgan stanley buying CLQ

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eagerbeaver
eagerbeaver
August 26, 2017 2:59 pm
Reply to  hendrixnuzzles

Yes, indeed.

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rubberworm
Member
rubberworm
August 27, 2017 11:59 am
Reply to  hendrixnuzzles

It will be interesting if Johnnn can get the amount of shares GS picked up.

rubberworm
Member
rubberworm
August 27, 2017 9:43 pm
Reply to  Johnnn

Somebody pulled the plug out of the tub tonight

eagerbeaver
eagerbeaver
August 27, 2017 10:56 pm
Reply to  rubberworm

Rubberworm…. Are you referring to Clean TeQ? There was a fall from 0.91 to 0.85 AU on the Sydney Exchange but the stock has been making a good recovery since then. Is the reason for this volatility known?

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rubberworm
Member
rubberworm
August 27, 2017 11:10 pm
Reply to  eagerbeaver

Almost back to even now….some say it was due for a little pull back and I heard the ASX was having a crappy day accross the board.

renbycage
renbycage
August 28, 2017 12:25 am
Reply to  eagerbeaver

The drop most likely was correlated to a 2.6% drop in the price of nickel. The recent ride up has also probably correlated to the recent run-up of nickel. Cobalt and scandium get most of the discussion, but we are also in the nickel business, and nickel just ran from $4 to $5.26 in a matter of weeks, for a nickel mining company, that is big time bottom line stuff. Of course, we won’t have any nickel to sell for 4 years, no matter high these minerals go for now. I think maybe cobalt might take a break, and nickel could easily run a lot higher, which could make the upcoming economic study even more compelling. I am go to stick my neck out and predict $6 nickel by the release date of the feasibility report.

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arch1
August 28, 2017 2:28 am
Reply to  renbycage

renbycage I think you are exactly right, Nickel is a huge market and all cobalt means to most is blue and scandium is totally alien.

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Griffin
Griffin
August 28, 2017 11:41 am

$FTSSF – First Cobalt Expands Exploration Team and Provides Drilling Update

Note; First Cobalt came off trading halt during merger with Cobalt One. The SP was at .58 during halt and has dropped this morn by .04

https://firstcobalt.com/2017/first-cobalt-expands-exploration-team-provides-drilling-update/

xpost

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Griffin
Griffin
August 28, 2017 9:27 pm

$FYI – Cobalt sulphate prices continue rise on battery demand, metal remains stable

http://benchmarkminerals.com/cobalt-sulphate-prices-continue-rise-on-battery-demand-metal-remains-stable/

Note received this via Clean TEQ and it essentially validate previous posts.

Note; 2. Refining capacity limited by environmental restrictions
and 3. End of lower cost cobalt in supply chain

The first says maybe there is additinal room in China for Cean TEQ and the second says new contracts need to be on the books.

$ECSIF long

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rubberworm
Member
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rubberworm
Member
rubberworm
August 29, 2017 5:57 pm
Reply to  hendrixnuzzles

My thought from my head…integrity yes…why…news…that will move SP is near…and insiders better play to insider rules and more. I could be dead wrong but that is what I’m thinking.

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SoGiAm
August 29, 2017 11:35 am

$PTNUF is on sale this a.m. Now long 🙂 Thanks HN and other fine folks!
Best2ALL

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ksand52
Member
ksand52
August 29, 2017 4:37 pm
Reply to  hendrixnuzzles

HN you seem to enjoy teasers so I have one for you.
What would think of the following:

Sampling returns grades up to 39g/t Gold and 6.9% Cobalt

And NO that is not a typo or a decimal place mistake on the Cobalt grade plus the samples are taken from surface outcrop samples and past mine tailings.

Market capitalization A $26m

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motion
August 29, 2017 6:32 pm
Reply to  hendrixnuzzles

better check out MGX minerals for numerous areas while still cheap. GOD BLESS

hedy1234
hedy1234
August 29, 2017 9:30 pm
Reply to  hendrixnuzzles

HN

It might be useful to remind some of our newer readers regarding the percentage breakdown of your asset allocation. This way they can understand the true “risk” or lack there is in your Freidland purchases.

I have this fear that some are speculating with too big a portion of their total assets.

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eagerbeaver
eagerbeaver
August 29, 2017 11:02 pm
Reply to  hendrixnuzzles

HN… This is most helpful. Thank you.

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eagerbeaver
eagerbeaver
August 29, 2017 11:03 pm
Reply to  hendrixnuzzles

HN… Would it be correct to assume that these are Dollar ratios?

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Griffin
Griffin
August 29, 2017 10:40 pm

$FYI – Pierce Points – First Metals Casualty of China’s Environmental Crackdown

http://mailchi.mp/piercepoints/this-south-africa-gold-miner-just-launched-a-never-seen-strategy-223765?e=c2b8487770

I just got this via IR at Clean TEQ looks good for Clean TEQ

$CTEQF long

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