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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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arch1
September 20, 2017 9:32 am

In theory, practice and theory are the same. In practice they are not.
What is a closed system? In classical physics one that neither gains or loses material and does not affect surrounding energy. In other words one in stasis.
To look at energy input without considering energy output is like stopping mid sentence and you cannot do that in practice. You must always finish the sentence or your understanding will be incorrect. It is all too common that a researcher stops when their observations support their thesis, but that is not real science, finding the truth.

HN you are correct that the Earth does not fully meet the definition of the classical closed system as we we get tremendous input of solar energy, so much in fact that any thought of man caused change in stasis is misguided. That energy received is exactly balanced over time by energy lost so that the Earth is in “Essential” stasis. It remains the same for eons of time unchanged. We can never run out of what the Earth provides, short of a cataclysmic event, and indeed such have happened in the past. Everything here is cycled and recycled endlessly. Eg. we neither gain or lose Carbon,
Oxygen or Hydrogen so the buffering agents of CO2 and Water vapor are in a very close balance that cannot be changed. I have purposefully avoided going into depth on this but will elaborate on any point where you find a seeming mistake. I am often wrong.

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deanbob
deanbob
September 20, 2017 9:56 am
Reply to  arch1

ARCH, John L Casey’s “Dark Winter” is a study of the effects of solar cycles and their impacts on the earth. ~70% of the book is devoted to “Scholarly Acknowledgements” – a summary of peer reviewed white papers. I really liked that section’s opening: “All truth passes through three stages. First, it is ridiculed. Second it is violently opposed. Third, it is accepted as being self evident.” -Arthur Schnopenhauser (1788-1860).

arch1
September 20, 2017 2:31 pm
Reply to  deanbob

Deanbob Thanks. Most people do not know that our sun is a variable star that varies a great deal in energy output in regular cycles. There are indications that we are entering a maunder minimum and the onset of a mini iceage again. Then climate change alarmists will wish for a little warming,,, and find that impossible for us. Best solution is insulation to stay cool for now as that will help us stay warm in our homes in future.
BTW CO may actually cause more cooling than heating as a greenhouse gas as it absorbs as much incoming as outgoing heat and reradiates it back into space.

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SoGiAm
September 20, 2017 9:39 am

$CTEQF longer this a.m.. Trading below $CLQ close of .99AUD. 🙂
$ARTH is trading within .0003 currently…

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deanbob
deanbob
September 20, 2017 10:11 am
Reply to  SoGiAm

The trade was .77 OTC. HN said last night that this drop was a real possibility.

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arch1
September 20, 2017 11:25 am

Why the extreme volatility in penny stocks such as cleantech?
Probably more than half the market traders think it is overbought and due for correction. Because of that you see far more shorting going on than usual even though that is generally a good way to lose money. Too many expect a major drop. Barring sudden widespread war I do not. Stockmarket has done little more than keep up with the inflation rate in dollars, an artifact of the way the govt. chooses to measure inflation.
Here is present example of how traders jump on every drop seeking to profit from possible cascading effect of one failure causing another.

http://e.businessinsider.com/public/10706827

We have been seeing this greatly exaggerated in the biotech
area where traders are hoping for windfall profits without understanding the field at all. Fluctuations in $ARTH as example.
Speculative stocks are the first to drop because they are speculative,,, blue chips are far more stable. Mining is by nature speculative, even the big ones, and penny stocks greatly so. IMO

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deanbob
deanbob
September 20, 2017 11:42 am
Reply to  arch1

South Korea has said they do not want to rebuild Seoul, as they had to following the Korean conflict. Will that shift the potential for physical destruction to cyber and/or sanctions?

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SoGiAm
September 20, 2017 5:25 pm

#Nickel, other metals, markets, price and carts: http://www.infomine.com/investment/metal-prices/nickel/ and kitco.com
Long HendrixNuzzles and the GREAT Gummunity! Best2ALL!

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eagerbeaver
eagerbeaver
September 20, 2017 6:19 pm
Reply to  SoGiAm

Yes, here’s some nickel charts. You can see that the price has ticked up recently.
http://www.kitcometals.com/charts/nickel_historical_large.html
Hopefully, Cleanteq will also follow suit.

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renbycage
renbycage
September 21, 2017 1:39 am

re: cleanteq

1. nickel: I was surprised to discover how volatile nickel price is. It has been at over $10 pound in 2013 and 2014, it spiked to 23 ten years ago, and when it was languishing at $4 up until a couple months ago, it was sitting at a 10 year low. There will be increasing nickel demand due to its use in EV batteries, but not a huge effect at moving the needle since so much more of it is used by china for stainless steel. It seems like the chinese economy has more relevance to nickel price than anything else. In any case, it has risen from $4 to $5 in the last 60 days or so, and hit as high as over $5.50. Just from historical analysis of nickel price, my expectation is $4 is a bottom [many nickels producers are losing money at that price], and I don’t see any reason it might not decide at some point to go over $10, I don’t see why not. I REALLY hope cleanteq doesn’t use $7.50 nickel price for their DFS, as they have in the past, it has been over 18 months since it has even been within 25% of that price. But if you average nickel price historically over the last 10 years, $7.50 may be about right.

2. cobalt: for me, this is the prime attraction of this investment. Same for my platina investment. The scandium for me is pure upside, and the platina people think they’re a scandium mine, boy they got that wrong [those guys don’t even know what they have and neither does anybody else at 25mil MC]. I don’t know how anybody else is thinking, and scandium is nice, more about that in a second, but between airplane and bicycle parts, and energy, I’ll take energy. These hurricanes and floods, which will be getting worse and worse as years go on, will help people to realize real quick they cannot waste any more time burning carbon, and the new energy revolution will go into super-drive, and battery factories will be going up like you won’t believe, and the world will be so horny for australian cobalt and I’m pretty sure thats exactly how it will play out. So I own 2 australian properties with super high grade cobalt, and see 1 and 2 below, which will make me a rich man.

OK warning right here…. I don’t give a crapola what your personal belief is about climate change that is different from all the scientists. I don’t want to change or debate you, so peace out.

The combination of these two things gives cleanteq an unbelievable advantage

1. bottom quartile of production costs
2. end product in sulphate form, which is the form needed by battery factories and sells for a premium to the spot nickel and cobalt prices.

3. scandium: I think the market will develop over time, and I think having high purity scandium for sale will be a money maker, if not a printing press. I don’t expect a mass market to develop quickly. I do not expect a scandium contract any time soon, if we signed a significant one in the next 2 years I would be ecstatic. I don’t see why anyone would rush to commit to a scandium purchase before a mine is even built, and 4 years away from receiving it, but that is full conjecture on my part. There may very well be a reason, if it requires an investment in equipment and technology, to incorporate a new material, that they would secure the material. Cobalt is another thing altogether, anyone with the vision to see how there is going to be a cobalt supply shortage for a long time to come, will be smart enough to lock up as much of it as they can. Scandium, we just may need to wait until we actually have some buckets of the stuff to sell.

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deanbob
deanbob
September 21, 2017 12:06 pm
Reply to  renbycage

Thank you (and all who have) for the updates. I took an entry position back ~July after my DD following HN great detailed write up. But, when HN’s original GOLD/PM thread was halted and a new 1 started, I messed something up and stopped received thread posting updates; and I did not know about this thread. Thankfully, I got back on track. And, thankfully, there was the recent price correction that allowed me to increase my position size after getting caught up on everyone’s additions.

SoGiAm
September 21, 2017 12:50 pm
Reply to  deanbob

Deanbob, you are able to find all HendrixNuzzles, or any member’s, threads by clicking on his moniker/picture that will take you to his Bio page and list all threads he has authored. The most recent thread shall be at the top of the list. Best2YouAlwayz – Ben

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deanbob
deanbob
September 21, 2017 1:01 pm
Reply to  SoGiAm

Ben, thank you for that info. That is much easier than using the ‘search’.

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fizee
fizee
September 21, 2017 2:44 am

CLQ shorts closing out since July as price rose but spike up last Friday. See chart at
https://www.shortman.com.au/stock?q=CLQ

arch1
September 21, 2017 5:16 am
Reply to  fizee

fizee Spike Friday was likely Sept. Puts expiring worthless or being closed.

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fizee
fizee
September 22, 2017 1:41 am
Reply to  arch1

thanx a1. this is still a comparatively low level of shorting. perhaps of more interest are the levels for lithium stocks – orocobre is the 2nd most shorted on the ASX and galaxy is at 11. List available at
https://www.shortman.com.au/

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eagerbeaver
eagerbeaver
September 22, 2017 12:10 am

CleanTeQ is once again flirting with 1.00 AUD on the Sydney Exchange.

Long CTEQF

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arch1
September 22, 2017 11:56 pm
Reply to  rubberworm

Rubberworm Thank you for post. As demand increases cobalt may yield better returns than Gold mines,,, depending on recovery costs. There has not been any meaningful recycling program but one is likely to soon develop with the huge number of batteries being produced. Recycling might be another area for Cleanteq

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Griffin
Griffin
September 23, 2017 12:26 am
Reply to  arch1

arch1, there is one company I know of that is setting u to recycle lithium batteries, American Manganese Inc, $AMYZF. AMI has patented their battery recycling technology. Here is an article that I received from them;

http://www.stockhouse.com/news/newswire/2017/08/22/the-most-lucrative-niche-cobalt-market

$AMYZF long sp

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niizajim
September 23, 2017 12:47 am
Reply to  Griffin

$AMYZF np – I saw a pump article on them just recently and it sounded intriguing, but haven’t taken a position. I figured I would watch it a little and see what happens. Didn’t want to buy right after a pump either. Only took a cursory glance, but on the surface, it sounded good.

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arch1
September 23, 2017 1:06 am
Reply to  niizajim

niizajim I think that wise until they show they can turn a profit,,, unless they have a cushy government subsidy to milk the taxpayers.

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arch1
September 23, 2017 1:01 am
Reply to  Griffin

Griffin Thank you I was unaware of this startup. I would be curious as to how their recovery costs compare with new metal/mining. Often recycling costs more unless done on massive scale to grind the material being recycled,,, often more difficult than ore processing

What has been called recycling so far is collecting batteries and dumping them in hazardous waste repositories. BS the public to feel good. like most glass and plastic recycling.

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eagerbeaver
eagerbeaver
September 23, 2017 10:49 pm
Reply to  Griffin

Hi Griffin,
It was you who first drew my attention to American Manganese ( AMYZF ). They scored an initial success with the purification of electrolytic grade manganese (good enough for batteries) from low-grade manganese deposits, and they now hold patents for this process in the US, China, and South Africa. They have since gone on to recycle cobalt from the cathodes of lithium ion batteries and are currently working with Kemetco Research Inc on recycling cathode nickel, aluminum, and manganese, and have applied for a US provisional patent for this process. They intend to apply for a full patent in November. I’ll keep an eye on them.

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eagerbeaver
eagerbeaver
September 23, 2017 11:30 pm
Reply to  eagerbeaver

A recent update has been released by American Manganese Inc (AMI).

https://finance.yahoo.com/news/american-manganese-inc-updates-lithium-110000223.html

“Kemetco has now completed the successful production of rechargeable lithium ion batteries from recycled Lithium Manganese Oxide (LMO), Lithium Cobalt Oxide (LCO), Lithium Nickel Manganese Cobalt Oxide (NMC) and Lithium Nickel Cobalt Aluminum Oxide (NCA) batteries from recycled materials, produced with AMI’s hydrometallurgical process technology. The four batteries representing the leading chemistries in the rapidly evolving battery space.”

“AMI’s research work is on schedule and on budget for the completion and filing of American Manganese’s patent application by November 2017.”

My addition:
Kemetco Research Inc is a private company, part of which specializes in Extractive Metallurgy.

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Griffin
Griffin
September 24, 2017 12:26 am
Reply to  eagerbeaver

Thanks for the feedback I like knowing I actually had an effect makes all the darn slow typing worth while. I took a small position the end of July and I’m up about 7%. They have had batteries made from their recycled material so they seem to be on the right track but Arch1 is correct we need to see some numbers on cost, that maybe where they are in the development cycle. Patent approval will take sometime 1-3 years. It is hard to think that they will be able to get big enough to affect the battery market soon enough. For that reason with a good patent in hand and satisfactory recycling cost I think they are a take over candidate.

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Griffin
Griffin
September 24, 2017 12:45 am
Reply to  hendrixnuzzles

I can’t argue with most of what you say HN. Lithium battery is still in development mode so a lot of what we are speaking is just conjecture. One of the metals that Clean TEQ can’t do is Lithium we have already discussed that. There is probably a lot of easier pick’en than lithium car and storage batteries.

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Griffin
Griffin
September 24, 2017 10:33 am
Reply to  hendrixnuzzles

I was concerned that they weren’t entirely on topic here. Then I’ll just let them fall where they may. Thanks HN

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eagerbeaver
eagerbeaver
September 24, 2017 12:25 am
Reply to  rubberworm

Good that you found this so quickly rubberworm.

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SoGiAm
September 23, 2017 7:34 am

$CLQ, CTEQF long – #H20 – Plastic fibres found in tap water around the world, study reveals https://amp.theguardian.com/environment/2017/sep/06/plastic-fibres-found-tap-water-around-world-study-reveals ht https://twitter.com/woodyjord/status/905413612071788549

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arch1
September 23, 2017 7:56 am
Reply to  SoGiAm

Ben If I could I would ban plastic in the food and drink chain.
City water increasingly has chemicals, drugs and now plastics.
I would not drink any water that foams/bubbles up when it comes from tap and I do not like bottled in plastic water if I have a choice. A good filter would probably get rid of plastic fibers or osmosis if needed.
I think $CLQ mainly removes minerals/metals from water and do not know if they make municipal sized units.

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motion
September 28, 2017 5:31 pm
Reply to  arch1

you are right on about all of this., even canned foods have chems. leaching out from them. WE ARE SCREWED SORRY TO SAY.

arch1
September 23, 2017 10:05 am

This would be bad news for cobalt. There are still NO really good high energy density batteries that do not waste a lot of energy via heat in charging and using them.You must count all costs to the environment before thinking they will replace
Hydrocarbon fuel,,, or non polluting Hydrogen.

https://scienmag.com/researchers-developing-advanced-lithium-ion-and-metal-air-batteries/

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eagerbeaver
eagerbeaver
September 23, 2017 11:57 pm

Forgive my ignorance but are any of the mines in which Robert Friedland has an interest actually in production or close to it at the present time? From the EV perspective, I’m particularly interested in copper, cobalt, and nickel, the demand for which is going through the roof.

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eagerbeaver
eagerbeaver
September 24, 2017 3:25 pm
Reply to  hendrixnuzzles

Thank you HN. This is most helpful. Ever since the schools and community colleges went back I have been hugely busy, even today Sunday. I can just about keep up with this excellent thread. I’m quite familiar with Kipusi and less so with the progress of the other Ivanhoe properties. I’m fascinated that you think CleanTeq would go into production faster than the Big Three at Ivanhoe. That would be quite something and excellent news. Awaiting CleanTeQ’s forthcoming DFS with much anticipation.

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secretsquirrel
secretsquirrel
September 24, 2017 3:57 pm
Reply to  hendrixnuzzles

I agree fully 1000%, it’s like medium return and longer return. But great, imo.

hendrix help required – how do I pm you regards something imo to all our advantage which is time and price sensitive. I tried to post info here but getting Awaiting moderators ok or similar. This can’t wait, markets open tomorrow. Tried to remove all the links, re post but ignored. Very frustrating to say the least.

If this didnt matter I’d say hey so what but this was my first board and introduction into this and feel I owe at least this, thanks.
SS.

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SoGiAm
September 24, 2017 4:06 pm
Reply to  secretsquirrel

TRAVIS, SecretSquirrel has a timely post in MODERATION. Please release. TIA – Ben

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renbycage
renbycage
September 24, 2017 4:28 pm
Reply to  hendrixnuzzles

If you look at the last feasibility study, it gives 18 months for building the mine, and 18 months for commissioning and ramping up. That is the best estimate of time frame from beginning of construction that I am aware of. Who knows date of first dig, in my head I have spring 2021 as expectation of first batch of product, that gives them 6-8 months to finish PFS, finance, and start, then 36-39 months to finish. I suppose if they go full speed ahead they could conceivably beat this estimate by 6 months or so, obviously the sooner to market the better. My understanding of the off take agreement, was that it starts when production starts, and I didn’t see 2019 as a start up date for that, but maybe I missed that.

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eagerbeaver
eagerbeaver
September 24, 2017 4:44 pm
Reply to  hendrixnuzzles

HN… Yes, it certainly makes sense to fast-track production of the most urgently needed metal that RF and his partners have access to, namely cobalt, which is in short supply, considering the surging demand. I wonder where the autoclaves are now. Have they arrived at Syerston? When will the production line be ready? Perhaps the forthcoming DFS will tell us.

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eagerbeaver
eagerbeaver
September 24, 2017 7:07 pm
Reply to  hendrixnuzzles

HN…. There is a photo of a pilot plant on Cleanteq’s’ website. I don’t know if this is the one in Perth or if the Perth one is larger. Now, as you probably know, Perth is on the southwestern coast of Australia, far from Syerston, so the crushed ore would either have to be trucked across Southern Australia or possibly to the port of Newcastle and then transported by ship to Perth where the hydrated cobalt (II) sulphate would be prepared. Alternatively, they could construct a scaled up version of the Perth plant at Syerston to start interim production there but not on the same scale as the final plant which will incorporate those massive autoclaves.

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renbycage
renbycage
September 24, 2017 9:55 pm
Reply to  hendrixnuzzles

HN, can you please reference where you have found 2019 for the off take agreement with Easpring. The only thing I see is “The agreement term is for an initial five-year period, commencing from the start of commercial production at Syerston.” The best info I can find regarding when to expect production is 36 months after they begin construction, that comes from the last feasibility. The company has referenced “fast tracking” but there has been no guidance beyond 36 months construction and ramp up and commissioning time frame.

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renbycage
renbycage
September 24, 2017 11:24 pm
Reply to  hendrixnuzzles

In my mind, I have spring/2021 as my own expectation for beginning of production, and any time sooner would be awesome. We’re a week away from the 4th quarter, which means we’ll be on the lookout for the release of the study, which could come anytime. I would like to see financing within one month of the study release, and beginning of construction within one month of financing, so we’ll see how that all starts out. Once they dig that first shovel in the ground, we can conjecture on time from beginning of construction to first bag of product. I have no idea of the time frame of “commissioning” so right now see 18 months guidance for that.

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renbycage
renbycage
September 26, 2017 1:52 am
Reply to  hendrixnuzzles

I am vigilant about staying as close to reality as possible, and avoiding having my enthusiasm cloud my expectations. So I tend to be on the conservative side, and that gives room for positive surprise on the upside. My assumption the mine will take 3 years from day 1 dig to first bucket of product comes from the company guidance. And then I just guess that day 1 first dig about 6 months away, lets say 3/15/18 just to put a target date on it. So spring/21 for the wheels of production to start turning. If they can speed that up by a year, or even 6 months, that would be most excellent. If you want to put some target dates on beginning of construction and date of first production, we can have a friendly competition on accuracy. We know we are on the same team, and will do well together.

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SoGiAm
September 25, 2017 7:21 am

Cobalt Miners News For The Month Of September 2017
https://seekingalpha.com/article/4109133-cobalt-miners-news-month-september-2017
Sep. 25, 2017 7:17 AM ET| Includes: ARRRF, AXNNF, BHP, BKTPF, BRCSF, BXTMD, CBLLF, CEO, CMCLF, CTEQF, Best2ALL 🙂

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eagerbeaver
eagerbeaver
September 25, 2017 1:29 pm
Reply to  SoGiAm

Loads of useful information in this latest report from Matt Bohlsen, including a graph showing the predicted surges in demand for EV metals with time. It looks like the world’s largest single producer of cobalt is currently Glencore with 30,000 tonnes forecast for this year, of which I believe up to 20,000 tonnes have already been promised to Chinese buyers. There is a good summary of VW’s demands for EV battery metals. As for those cobalt-containing mines currently in development, there is a race on to produce. Bohlsen is full of praise for Cleanteq’s recent deal with Beijing Easpring but he is still not long the stock.

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eagerbeaver
eagerbeaver
September 25, 2017 2:05 pm
Reply to  hendrixnuzzles

I don’t know HN. I’m not aware of one. Perhaps a reader of this thread might know. Bohlsen mentions off-take or equity partners as a catalyst for Fortune Minerals this year, but I have not read beyond this. He also says that eCobalt estimates to start production in Q3 /Q4, 2019.

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williamstown
Irregular
September 25, 2017 2:53 pm
Reply to  eagerbeaver

eager beaver have you taken a look at ASX EUC which is commencing drilling sometime in October.
Co, ni could be v. promising if it achieves v. high grades.

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eagerbeaver
eagerbeaver
September 25, 2017 3:19 pm
Reply to  williamstown

I’m no expert Williamstown, in fact quite the opposite, but I had a quick look. European Cobalt with mines in Finland and Slovakia, and an address in Perth, Australia. At least two of their mines have been reopened from much earlier operations. They report an average of 4% cobalt and 16% nickel for some veins of one of the Slovakia mines. It’s probably very early days at the moment.

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eagerbeaver
eagerbeaver
September 25, 2017 11:57 pm
Reply to  hendrixnuzzles

HN…..This is part of the text from European Cobalt’s website description of their Dobsina High Grade Co-Ni-Cu Sulphide mine in Slovakia.
“Lower extents veins exploited at grades of averaging 4% Co and 16% Ni and results of up to 8% Co & 17% Ni. ”
https://www.europeancobalt.com/dobsina-co-ni-cu

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secretsquirrel
secretsquirrel
September 26, 2017 2:00 am
Reply to  hendrixnuzzles

Just took a decent position, liked it so jumped in before the ASX closing.

https://hotcopper.com.au/asx/euc/

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eagerbeaver
eagerbeaver
September 26, 2017 9:56 am
Reply to  hendrixnuzzles

HN… I have EUC:ASX

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SoGiAm
September 26, 2017 10:04 am
Reply to  eagerbeaver

EagarBeaver, $asx:EUC np – What broker are you using if I may ask, please?

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eagerbeaver
eagerbeaver
September 26, 2017 12:00 pm
Reply to  SoGiAm

Hi Ben,
I’m with Scottrade but I don’t think I can buy ASX through them. I haven’t bought the stock, at least not yet. You should probably ask Williamstown or Squirrel.

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SoGiAm
September 26, 2017 1:26 pm
Reply to  eagerbeaver

#Brokerage – Wow! Thanks, EagerBeaver, DeanBob and SecretSquirrel. 🙂 I”m with TDA, so no way unless OTC and even then some are on the grey market and very seldom traded, so no liquidity; also have an IB account, but seldom use and heard there is a hgh fee/share charge for under $1. USD, that would be onerous on equities trading below 10-50 cents; Ouch. Thanks again for your replies. 🙂

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secretsquirrel
secretsquirrel
September 26, 2017 12:05 pm
Reply to  SoGiAm

Hi Ben, all my trades are done from Asia via Australia for the ASX and I’ve no idea who they use over there, sorry.

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deanbob
deanbob
September 26, 2017 12:37 pm
Reply to  SoGiAm

Ben,
I have used Fidelity to buy several Canadian stocks; and I can buy on 25 or 26 foreign exchanges. I had to make a 1 time request to have the “International” capability added. Now it is just another tab on my “Trade” window. Where as most US and OTC trades (includes many foreign stocks like CleanTeq are $4.95 per trade, a Canadian trade costs $19 (commission) and the Aussie exchange is in the $30’s. There is also a ~1% currency exchange fee to convret USD to local $$$, unless one has that currency in their account.

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secretsquirrel
secretsquirrel
September 26, 2017 5:19 am
Reply to  williamstown

Thanks for the heads up williamstown, took a position after some dd.

williamstown
Irregular
September 26, 2017 7:37 am
Reply to  secretsquirrel

The grades

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williamstown
Irregular
September 26, 2017 8:10 am
Reply to  secretsquirrel

ASX Euc Ss happy you took a position, today reached a high of 17c and drifted back to close at 14.5c Aus.
IMO I don’t think you’ll be disappointed.
Reason being its probably ran a little too quickly on consecutive days.
If it consistently obtains the grades as expected in drilling, this will be the No 1 Co stock on the ASX with high grades and saving time and money with infrastructure.
Low risk, high return, but still speculative at present.
Tolga Kumova is the young RF of the world.
Quality mgt, TK is also involved in ASX NCZ.
DYOR but don’t take too long to decide.

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secretsquirrel
secretsquirrel
September 26, 2017 8:27 am
Reply to  williamstown

I took a large position at 15 cents. Yes noticed it had moved very quickly, even so didn’t want to get to cute with my price as I’d rather be in than out. Did enough dd to satisfy me and thereafter gut reaction. Wanted a safe jurisdiction cobalt play high grade (4%) with good upside going forward.

On a side note I liked their creative website tones!

Thanks again.

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SoGiAm
September 25, 2017 10:54 pm
Reply to  hendrixnuzzles

$CLQ up to $1.04 AUD 🙂 Sep 26, 12:34 PM GMT+10

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eagerbeaver
eagerbeaver
September 26, 2017 12:21 am
Reply to  SoGiAm

We like this Ben.

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arch1
September 26, 2017 6:32 pm
Reply to  hendrixnuzzles

you know your browser keeps track of where you go on internet and tailors ads accordingly. Checking on Cleanteq is enough to trigger broker ad

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arch1
September 27, 2017 5:03 am
Reply to  hendrixnuzzles

Correct. Nothing is private now with all the data mining. That is why it is so bad when big companies get hacked. Too much of your life is recorded somewhere

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pozoblue
Member
September 27, 2017 12:19 am

Hi all, really enjoying this and the gold thread. To SoGiAm and anyone else wondering about IB, I just placed an order for some EUC on the ASX, and the commission was $6 AUD. That was not a per cent, it was a set rate, at least within the range in which I looked at it.

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SoGiAm
September 27, 2017 12:48 am
Reply to  pozoblue

asx.EUC Thank you, PozoBlue. I was looking at: https://www.interactivebrokers.com/en/index.php?f=14718p per share, which may not apply. May take a nibble. 🙂
http://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=clq+pgm+ncz+euc
Best2You

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pozoblue
Member
September 27, 2017 1:39 am
Reply to  SoGiAm

Thanks for that ASX chart and the reminder that they are awake and trading down there. I put in a limit order at .14; we’ll see if it fires.
Of course your link to IB did not make it through their proverbial walls of steel. I find IB’s whole setup unwieldy, but they are among the best, their trade fees are great, and I love being able to easily trade anywhere in the world.

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SoGiAm
September 27, 2017 6:19 am
Reply to  pozoblue

CLQ – http://www.ichimokutrader.com/
Clean TeQ Holdings Australia
27-Sep-17 1.045 ▲ Wed CLQ Sydney
Long $CTEQF 🙂
1 AUD = .78 USD… .78*1.045 .8151USD

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mhardin54
Irregular
mhardin54
September 27, 2017 8:00 am
Reply to  SoGiAm

SoGiAm,
Thank you for all your many contributions. Could you suggest reference material to learn more about technical analysis provided by website, http://www.ichimokutrader.com/? Thanks again

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SoGiAm
September 27, 2017 8:12 am
Reply to  mhardin54

Best thanks is the one that stays… Thumbs UP 🙂
Ichimoku Basics –
https://www.stockgumshoe.com/2014/10/microblog-wow-you-guyz-and-galz-are-incredible/comment-page-1/#comment-4897182 Best2You Long $CTEQF

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SoGiAm
September 27, 2017 11:14 pm
Reply to  hendrixnuzzles

Early in the a.m. in OZ but the prices seem to reflect a movement from CLQ to EUC or some other nearer to production Cobalt equity, at least at the moment? http://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=clq+pgm+ncz+euc Thoughts? long CTEQF
Of course nickel dropped again today around 8:30 NY time. http://www.kitcometals.com/charts/nickel_historical_large.html

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Griffin
Griffin
September 27, 2017 12:33 pm

$ECSIF – eCobalt Announces Positive Results from the Feasibility Study on the Idaho Cobalt Project

http://www.ecobalt.com/news/news-releases/ecobalt-announces-positive-results-from-the-feasibility-study-on-the-idaho-cobalt-project

Been waiting for this just started reading.

$ECSIF long OW

xpost

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eagerbeaver
eagerbeaver
September 28, 2017 12:01 am
Reply to  hendrixnuzzles

Hi Griffin, In Matt Bohlsen’s latest cobalt report that he says eCobalt estimates to start production in Q3 /Q4, 2019. So, with this in mind I read through their latest Feasibility Statement (FS) , dated Sept. 27, with respect to their progress towards production. I don’t think eCobalt has all their financing in place yet. I noticed in the list of equipment and materials, purchased prior to resting the project in 2013, that there was no mention of an autoclave specifically by name. Of course, it’s still possible that they might have one. In the FS, they say they are “considering securing offtake arrangements for cobalt sulphate heptahydrate” and have been sending out samples to “potential offtakers”. So this means they don’t have any off-take agreements yet. They also report that the preparation of the ICP (Idaho Cobalt Project) mine and mill site for construction activities is expected to commence in earnest next year but they were not more specific as to the time.
In comparing this with CleanTeQ’s progress, there are two, possibly three, clear differences, namely that CleanTeQ has two very large autoclaves already purchased, they have a significant off-take agreement already signed, and they may be better financed.
These are just my observations as I am interested in comparing the progress of CleanteQ and eCobalt as they move towards production.

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Griffin
Guest
Griffin
September 28, 2017 12:46 am
Reply to  eagerbeaver

Correct financing is not in place yet and that is why I don’t believe there were any date to start construction. All the long lead mining equipment has been bought and in storage. eCobalt is an under ground mine that will be using conventional mining methods. They are doing what ever work can be done to facilitate building the mine. About 2-3 years ago management had halted any further development of the mine till the price of Cobalt improved.

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Griffin
Griffin
September 28, 2017 12:26 am
Reply to  hendrixnuzzles

“The Project’s main competitive strengths are having a primary cobalt deposit located in the United States and a high reserve grade when compared to other existing sources of cobalt located globally. The feasibility study highlights multiple opportunities to enhance the economics of the project and these include expansion of the resource, optimization of the mine plan to process higher grade material and detailed engineering at the CPF to further reduce risk and improve capital and operating costs.” This seems to imply that the mine life is not limited to 12.5 years.Most of the rest of the text is what would expect from any well managed company.

I’m not really the one to comment on of a fesabilty study. I haven’t studied enough of them to know whether the number are good or bad. The only numbers that make any sense are

“LOM Average Co Sulphate Price (contained Co) $26.65/lb this is the current spot price of cobalt
LOM Average Net Cash Cobalt Production Cost $5.05/lb” This is impressive $21.60 profit margin per pound. These figures don’t mean much
“Pre-Tax Initial Capital Payback 2.9 years
LOM Cobalt Production (lbs) 31,767,000
LOM Copper Production (lbs) 42,819,000
LOM Gold Production (oz) 39,241”
A dollar figure on the copper and gold would have been nice.

“The Company is also considering securing offtake arrangements for cobalt sulphate heptahydrate. Independent of the FS, the Company has produced cobalt sulphate crystals from recent metallurgical test work which were shipped to potential offtakers for evaluation. Initial feedback regarding product quality has been positive and current requests for additional material for evaluation are being fulfilled.

Preparation of the ICP mine and mill site for construction activities, expected to commence in earnest next year with successful mine financing in place, continues with access road upgrades, existing facilities maintenance, preparation of temporary power for construction, and approved water discharge line maintenance. At the CPF located in Blackfoot, ID, the existing pre-purchased building has been transported to the site.”

I would like to hope that an offtake agreement would offset part of the mine financing. The rest of the FS is what I would expect from well managed company and what they have exhibited in the previous years that this company in my portfolio.

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eagerbeaver
eagerbeaver
September 28, 2017 12:50 am
Reply to  Griffin

I took another look at Matt Bohlsen’s recent Seeking Alpha report on cobalt miners.

https://seekingalpha.com/article/4109133-cobalt-miners-news-month-september-2017

With respect to eCobalt, he mentions
“Upcoming catalysts include:
September 2017 – Feasibility Study (FS) results
2017-2018 – Project financing
Q3 2018 – Construction to commence
Q3 or Q4 2019 – Production to commence”
So according to this, production would start 12 to 15 months after construction began.

It will be interesting to see how this time frame compares with CleanTeQ’s plans, hopefully to be revealed soon in their upcoming DFS.

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Griffin
Griffin
September 28, 2017 9:00 pm
Reply to  hendrixnuzzles

I got back in last Aug it was still Formation Metals at that time. Travis got in a bit earlier last I looked at his portfolio he was up 150%.

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Griffin
Griffin
September 28, 2017 11:28 am
Reply to  eagerbeaver

The FS is done, the rest of Bohlsen catalyst are subject to change without notice. I’m strong on management, if I was looking at 400% profit per pound, finances permitting I’d be on a 24/7 construction schedule. Incentives for early completion. The market will be here for a while but the sooner to market the better.

Also mentioned in the FS is that they still have a drilling program in place and good results from that would certainly help. There is some more cobalt property 2-400 miles away. I don’t know geology but from a map that I’ve seen recently ecobalt is sitting at the bottom , with a gap, string of cobalt propertyIIRC.

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Johnnn
Guest
Johnnn
September 28, 2017 1:15 am
Reply to  Griffin

they use $26 co price lol lol

SoGiAm
September 28, 2017 1:21 am
Reply to  Johnnn
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Johnnn
Guest
Johnnn
September 28, 2017 3:08 am
Reply to  SoGiAm

what a laugh

Griffin
Griffin
September 28, 2017 11:37 am
Reply to  Johnnn

I’ve doubled my money on eColbat lol to the bank.

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renbycage
renbycage
September 27, 2017 12:55 pm

I’ll prognosticate a few key dates, just for the fun of it. How things unfold relative to my own projections helps me to perceive if my expectations are on target, and allow me to adjust expectations as necessary. nov 13-21: release of economics study and mine plan, dec 11 to jan 12: mine financing complete apr 1, 2018 begin mine construction, spring 2021: first production.

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renbycage
renbycage
September 27, 2017 11:04 pm
Reply to  hendrixnuzzles

yes

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renbycage
renbycage
September 27, 2017 11:37 pm
Reply to  hendrixnuzzles

I do too, and for sure, the sooner the better. It won’t be long now we get the full plan.

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deanbob
deanbob
September 29, 2017 8:26 am

From Seeking Alpha: The cobalt cliff

Over the last 18 months I’ve repeatedly cautioned readers that intrinsic and unavoidable constraints on cobalt production would create insurmountable obstacles to the widespread deployment of long-range EVs with high energy nickel-cobalt batteries.

seekingalpha.com/article/4110450-cobalt-cliff-will-crush-teslas-business-may-restore-sanity-ev-industry?li_source=LI&li_medium=liftigniter-widget

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Griffin
Griffin
September 29, 2017 12:02 pm
Reply to  deanbob

I would not put too much faith in Mr. Petersen article he obviously has bias to support and takes information out of context, distorts, or supports the a misconception of the facts for his bias. He has already published one article as a rebuttal to his ‘nay sayers’ which I only read part of due to the lack of supported facts in his favor. Yes Cobalt is a problem for EV production, but it will be solved long before we get to “100 million EVs per year” as Mr. Petersen states.

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deanbob
deanbob
September 29, 2017 12:49 pm
Reply to  Griffin

Griffin. The invisible hand of the free market can work wonders. I have not read much from SA. Thanks for the heads-up.

Griffin
Griffin
September 29, 2017 8:22 pm
Reply to  deanbob

Thanks for posting and being cool about it. SA seems to a hit and miss for good authors Bohlsen is good and there are few others. One that I thought authored a Biotech market article factually I still got a reprimand from the good DrKSS. I understand where the Doc is coming from SA is a waste of time at his level of biotech.

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Griffin
Griffin
September 29, 2017 11:00 pm
Reply to  hendrixnuzzles

One of the things that I would like to make part of the spreadsheet would be a percentage figure the metals produce. That gets hairy in presentation without running out of display area we may have to put we may have to put a table of periodic symbols on the sheet for reference.

You and I know what the facts are from the numerous good articles we have read and I would hope our gummies have absorbed some part by osmosis if nothing else. The author of the above article is not aware of the efforts to replace Cobalt or recycle Lithium batteries. As a Lawyer I think he should be made to include an expanded statement for forward looking words.

I think new developments are something an investor should be aware of in the markets that they have invested. The development may take 5 to 10 years to come to fruition but that doesn’t mean big money can’t see the profit and get involved. That is one of the reasons I’ll present 4 Lithium brine miners in the “Storage of Electricity – #Batteries & BIG image” column and xpost to here so nobody gets left out. All 4 miners are using a new and different method processing the brine besides the old evaporation method. One may even be competition for Clean TEQ in that they clean water also more research and DD needs to be done on all 4. They arn’t going to be barn burners but there is still profit to be made if you get in early even a starter position that you average down with.

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arch1
September 29, 2017 1:12 pm
Reply to  deanbob

I will continue to state that the real constraint to EV will be lack of generating capacity. Coal plants are still being closed,
it takes too long to permit and construct nukes and wind and solar cell cannot supply enough good generation sites. Vehicles soak up fantastic amounts of energy and batteries waste over thirty percent if all input/output is counted. Batteries do not make power, they only store it.

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Griffin
Griffin
September 29, 2017 1:37 pm
Reply to  arch1

Arch1, How many coal plants are being replaced by natural gas?

I don’t think there is enough known about the current electrical grid other than it is out of date to make any assumption of its capabilities. There is currently under way (about time) a study of the electrical grid at Pacific Northwestern National Labs. Hopefully PNNL will be able to provide some answers.

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arch1
September 29, 2017 2:05 pm
Reply to  Griffin

NG is replacing coal on a little over a one to one basis,just keeping up with demand.
Studies have been run a few years ago that replacing liquid fuel auto fleet would require doubling present generating capacity. California may give us a foretaste as they are talking banning internal combustion engines and are already short of generating capacity. They now buy a lot from out of state.

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Griffin
Griffin
September 29, 2017 2:36 pm
Reply to  arch1

That’s kind of what I thought the situation was with coal and NG power plants.
I agree the electrical grid needs more capacity. I also think that solar panel installations (as well as other alt energy) under utilize storage batteries. There are opportunities for solar panel installations that would provide in addition to electricity shelter from the weather. If a standard installation could be devised I think money could be made. Unfortunately one draw back is that solar panels don’t have a standard dimension.

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Griffin
Griffin
September 29, 2017 11:17 pm
Reply to  hendrixnuzzles

I think we also have to add in the easy of use, lower maintenance, and in the not too distant future cost.

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arch1
September 29, 2017 11:21 pm
Reply to  hendrixnuzzles

HN I certainly agree that EV’s are coming as the momentum has built in that direction and will persist for some unknown time. There is no such thing as a non polluting vehicle and in time it will be seen that Electric is not a Panacea.

During that interval there is money to be made and we may as well take advantage of the opportunity.

It is not my intention to start a political discussion of the merits of building a fleet of EV’s but to caution that what is rosy now may not be so in 10 or 20 years and change will happen when the shiny turns dull

. Get your money while you can,,, but pay attention to changing mood and stay flexible as to direction decisions. IMO
,
Addition; Don’t overlook that building generation capacity will need a lot of metal,,,copper, aluminum, several rare earths
and possibly uranium as well as all those followed here and more such as molybdenum vanadium magnesium etc… again IMO

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