Scandium, Cobalt, and Water Purification: CleanTeQ HoldingsA 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.
$CLQ post by Shavian comparing Li Co Cu etc
https://www.stockgumshoe.com/reviews/katusas-resource-opportunities/marin-katusas-best-lithium-stock-in-the-market/comment-page-1/#comment-4952520 tgif Have a gr8 weekend Gummunity! Best2ALL
$Yom Kippur
To all of you in the community that are of the Jewish persuasion, I wish you a meaningful fast tonight and tomorrow.
Here is a new process which should help make EV more practicable.
https://www.pnnl.gov/news/release.aspx?id=4452&utm_source=Google%2B&utm_medium=Social&utm_campaign=Rel-ShAPE
Scandium is probably going to be too pricey for auto industry for some time but Mg use would help offset weight of batteries use in vehicles,,,extending range. Range is one of biggest drawbacks as too frequent and time consuming recharging limits utility of autos. In town EV delivery trucks might be acceptable but large long distance trucking is going to require high density,,,fossil, fuel for the foreseeable future. Ditto for farming machinery and other mobile high energy requiring vehicles. Large ships might use modern safe nuclear units. Largest planes could use nuke plants in theory but I doubt politics of risk would prevent use.
It seems you have the wonder what’s next and coming from where. There is another National lab in Arlington I haven’t signed up for their newsletter yet. Not to mentioned International developments there is a bull market in Vanadium but you wouldn’t know it from what few comments there have been here. I received a newsletter today from Prophecy Development Corp. TSX: PCY; OTC PINK: PRPCF China is going to change rebar content to require more vanadium and consumption will increase by 30%.
“Scandium is probably going to be too pricey for auto industry for some time…” you are probably right. But “some time” is pretty vague and may not be very long away.
Early on, aerospace demand will be enough to get scandium production– shall we say it?–off the ground.
Part of Cleanteq’s strategy is to lower the price of scandium. The engineers and metallurgists know the advantages, but cost and supply have been the issues holding back use of scan/alu alloys. Cleanteq is about to solve both problems.
The studies at Syerston discount any income from scandium. The studies are based on nickel and cobalt. So the scandium is incremental income.
Thus Cleanteq is in a position to make the price whatever they need or want to, at least for the scandium produced as a co-product to their nickel and cobalt production, which is happening for sure, since they have a binding contract for off-take on their nickel and cobalt.
This is a tremendous advantage for Cleanteq.
**
I do not know the relationship to vehicle weight to distance in EVs.
It seems likely that it is a fairly direct and proportional factor. Probably it is not so critical a factor as it is in aviation. It seems sure that aviation applications in scan/alu will come first.
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Actually, aviation/aerospace will the second area of scan/alu application. We forgot about golf clubs. Golf clubs will be the first
critical sector for scan/alu technology. Golfers remain as desperate as ever to have technology fix their rotten swings, and they will pay any amount of money on technology that promises to improve their game by three strokes, or enable them to hit the ball 25 yards farther out of bounds than they do already. For a teeny amount of scandium, Cobra will make a driver that retails for $1000 and enables one to hit a ball 500 yards. This is something for which the market is crying and will gladly pay for.
What would you rather have: Lockheed making a hypersonic scandium/alu nuclear-armed killer drone, or a golf club that enables you to drive the green on a 460 yard par 4 ?
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Coming in third, after golf clubs and aerospace, are EVs.
As supplies get bigger and costs come down, the EV guys will follow along depending on the need to increase range by any means economically possible. Battery technology is one means; but clearly, vehicle weight is a potentially significant area to focus on, and scan/alu alloys will likely be a factor in reduction of vehicle weight.
Solar power…I have no understanding of solar panels. I am wary of the common companies touted as solar manufacturing plays…a lot of politics, tax credits and subsidies come into play.
But does anyone know what the key primary elements are that are needed for their production ?
I haven’t stayed up on solar either. I believe they are made out of a coated silicon. There has been some work done on a paint-able version to collect sunlight. There are too many manufactures and the price has come down that with incentives their cost is minimal. They collect sunlight convert to DC electricity, then a controller converts it to AC electricity and then feeds it back into the grid. Without a storage battery you can’t level the use of electricity.
solar cell info including Cadmium Telleride cells
https://en.wikipedia.org/wiki/Solar_cell
HN The primary metal not mentioned in my reply to EV post is Cadmium and a fair amount of silver. Just about all metals are involved in supplying electricity as well as several non metals like sulphur, silicon carbon etc.
https://www.stockgumshoe.com/2017/02/microblog-scandium-cobalt-and-water-purification-cleanteq-holdings/comment-page-8/#comment-4952646
Thanks, arch. The reason I ask, is that on the surface of things I like solar and wind; but for investment purposes, I do not find attractive alternatives.
My instincts are to approach the sector the same way I did the battery sector…look for the raw materials that are likely to benefit, and see if I like the landscape better from the materials side.
Hn I really think current approach is the best in following basic metals needed. There is still need for a lot of work to be done in cutting losses when energy is changed from one form to another and there will always be some loss. For example changing from solar cell to battery is at best a 20% loss, changing to AC at higher voltage another 20%,usually more, if put on high voltage lines for long distance transmission ditto back down to household voltages, ditto, charging your cell phone ditto etc etc..
Solar cells ability to produce power drops by half in about 20 years.
Wind mills can generate AC power at moderate voltage so are slightly more efficient than solar cells but wind does not blow as consistently as sun shines at sufficient amount for useful generation.
North or South of 45th parallels solar cell ability drops rapidly as you move toward poles. Wind often blows fiercely in arctic and antarctic regions.
You mentioned cadmium and silver as being important in solar cell production. This is the type of information that may be useful.
It is not automatically a good clue; for example, I have decided to stay away from lithium even though I believe demand will go up, because I do not like the profile of the producers in the lithium space.
Similarly, I believe graphene will be an important technology. But graphite is not an attractive investment commodity because of this; and graphene technology will only play a small part in the financials of the companies that are likely to be dominant in its applications. Companies like Lockheed or Hitachi the like are not going to go up or down because they have a dominant position in graphene applications.
But…there may be a demand or a material that is or will be important in solar applications that has a good investment angle for people like us. Just as we believe that demand for cobalt, nickel, lithium, etc. will go up on account of a shift to EVs, perhaps there are some good commodity plays that would get support from increased solar panel production.
From what I have seen in my life I think you spot on with this …”a lot of politics, tax credits and subsidies come into play.” Very wise statement IMO.
On the subject of solar power, it might be worth pointing out that Ross Beaty, one of Rick Rule’s serially successful people in mining, has now entered the clean energy business. He is growing his company, Alterra Power Corp., stock symbol MGMXF, through acquisition and development. Here’s a recent interview of him at Sprott.
https://www.youtube.com/watch?v=Fo2lQUh3WDo&t=402s
#RossBeaty / #RickRule Apr,17 video – AXY Alterra Power
The following is post sums this up another tease on this pair. Thank you RPaul – https://www.stockgumshoe.com/2017/05/microblog-rick-rule-99999-teaser-that-is-hot-off-the-press/comment-page-1/#comment-4936015
#1Paladin 2.0—-Deep South
#2 Kenyan Blue Whale—TULLOW Oil
#3 Tier 1 Trifecta—Ivanhoe Mines
#4 Ross Beaty’s 1 Billion Power Play—Alterra Power
#5 The Goldfield you can see from Space—Marianna Resources
#6 Danube River Gold Discovery—Nevsun
#7 Ancient Inca Silver—??? Am I alone in thinking Pan American Silver.
Nine other treads, six being in 2017: https://www.stockgumshoe.com/?s=axy
It appears we continue to chase same objective separately & fail to SHARE.
Desire to share with this team, accomplish objectives and move on to next task based on that knowledge.
Are there tech developers in the Team familiar with @keshifme?
https://twitter.com/keshifme
https://www.stockgumshoe.com/2014/11/first-steps-and-favorite-tools-for-new-investors/
Guidelines For New Members: Posting Rules and Etiquette
https://www.stockgumshoe.com/2014/11/microblog-guidelines-for-new-members-posting-rules-and-etiquette/
Searching for OpenOffice too that begins with Lib?
To Do:
Set up Thread for METALs Gummunity
Calendar
Find METAL spreadsheet from Travis/Griffin
METALs Links…
Contacts
…
>>>>>>-Best2ALL———–>
Ben, according to posts in the same general area of your link (as well as several others below the poster), #2 is Africa Oil and #1 is Deep Yellow. I also believe these 2 are correct as well.
RE: Katusa. I like Katusa, but even after solving his picks,
you need to evaluate them for yourself.
Several of his picks are in sectors in which I am not highly interesting to me at the moment.
So I am indifferent to his picks on African oil, uranium, and geothermal.
In the case of Mariana Resources, I had picked it long before Katusa’s teaser. Anyway it is now owned by Sandstorm Gold.
With PAAS and Nevsun, I like my own picks better.
$CGOOF…Continental Gold…no position, favorably inclined
Boy, there are a lot of people looking for gold out there.
The last thing I need is another gold stock. Miners suck.
Here I am trying to diversify to copper, nickel, zinc and cobalt, and trying to keep a good position in silver, and put a few bucks into whatever metal Metallis and Garibaldi are going to find next week.
Then I look at Continental Gold and I want to take a position in it.
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A while back, I had a small position in CGOOF. As I firmed up my conviction on certain metal plays, I sold off Continental Gold to build up more promising
positions. I was concerned about the metallurgy, the jurisdiction (Columbia),
and the certainty of the deposit.
So after not following the company for a while, it was pretty impressive to look at the most recent presentation and see the work that has been done on the Burritica deposit.
**
The boxes are all pretty much checked off on this one.
Deposit certainty, grade, size, financing, personnel, backing, exploration upside, permitting…everything is done and it looks very good.
Check it out and see if you agree, if you are interested in a
gold development play with leverage.
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I am still mildly skittish about the politics in Columbia. But things seem to be improving, and maybe I can be in a little early before everyone realizes
that the drug cartels are not going to massacre everybody there. Besides, the project has earned a government designation as a resource of vital strategic national interest.
Another big check on the “plus” side: Newmont is backing it. They have 20% of the company. This removes a lot of questions about financing…in fact, there are no questions about financing at all, because Continental has the $400 million in cash that is needed in the bank, and they are building the mine. Of course, this means that Newmont believes it will be a very large producer. Otherwise, they would not be interested.
Previously I was worried about the metallurgy. This issue seems to have been resolved because they have built a pilot plant that has bee processing 30 tons per day, and getting higher gold yields than were forecast.
Exploration upside and reserve expansion are also very strong. As always, one needs to look at the allowable statements, PEA’s, PFS’s, DFS’s, colored charts, fancy maps, 3D computer graphics, and drill cores and decide if it is plausible that more gold will be found than they can state in their resource reports, after you discount the total you imagine by 50%.
Ari Sussman is not a candidate for a bust on the Mount Rushmore of Mining.
He is not a demi-god like Friedland or Lassonde. But he is one of the younger
up-and-comers in Doug Casey’s “Young Guns to Watch” category.
That’s okay. Not everyone can be Robert Friedland or Pierre Lassonde.
**
The stock valuation is also interesting. It is so interesting, I wonder if something is wrong. But It just seems to me that a company that has $400 million cash in the bank just ought to have a market cap more than $450 million. I know they are going to spend that cash to build another mine that sucks. But still. Someone please tell me what is wrong with this picture.
$CGOOF Continental Gold…no position, until I decide how to get the money to buy some.
$TSX:CNL $CGOOF np – Has the company received ~ $250M cash infusion since 2Q17-06/30/17 financials? Reflects ~ $152M Cash; what about Mordidita, which concerns me as well in $CDBMF? http://www.continentalgold.com/wp-content/uploads/2017/08/CGI_Q2-2017-Financial-Statements_Final.pdf
Home: Continental Gold http://www.continentalgold.com/en/
#Gr8 DD, Interesting prospect; Au ~ 13% of portfolio
$CLASF fp, $ERDCF 2/3p, $CDBMF 1/2p Best2ALL
The cash figure for Continental was cited verbally by Ari Sussman last week at the Denver Gold Forum. Likely Newmont deposited a check for mine construction.
What’s Mordidita ?
Quiero decir… Alguna mordidita en la aduana, pero… es legal.
I mean, a little baksheesh to Customs now and then, but… it’s legal. http://context.reverso.net/translation/spanish-english/mordidita
HN….You are right about Doug Casey. He is recommending this stock as a speculation.
Casey wrote a teaser two years ago about seven junior gold guys about to go vertical. It got me started in solving mining teasers and they were mostly identified by the SG readership.
The picks were so-so for me, but I got familiar with some of Casey’s logic and developed my own methods of evaluating
junior gold miners. These have been more valuable to me than his specific stock picks.
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When you are just taking someone else’s “recommendations”,
you do not have the conviction to stay in the stock when the price goes against you.
He recommended it in May 2015.
$CGOOF Continental Gold no position, favorably inclined
http://www.continentalgold.com/en/continental-gold-drills-high-grade-gold-intervals-at-the-yaragua-deposit-at-buritica-colombia/
Cadmium atomic number 48…Quickly checking on cadmium…this metal has a lot of uses and appears to have be smaller market than cobalt. It is largely recovered in zinc mining operations in very small ratios to zinc…1:200 or even higher. For 2015 the US production was not public, but exports from the US were under 25,000 tons.
Cadmium is considered a a member of the PGM group.
Okay. Zinc by-product. PGM group. Tiny by-product production from other ores and solutions. I think we have it covered.
Long $IVPAF long $CMDRF long $CTEQF
Solar cell material technology
Thanks Arch1 for the link to the wikipedia article.
Besides silicon, which is not a material I know how to invest in, the materials mentioned in current solar cell technologies include:
cadmium
copper
iridium
gallium
arsenic
manganese
silver
tellurium*
vanadium**
One notes with interest that all but one of these materials can be extracted by
Clean-iX technologies. Cadmium may be a good recycling target since it is rare, toxic, and already used in common ni-cad battery formulations.
I think recovery technology companies bear further investigation.
I sure do not want to start looking for gallium mines to invest in.
*tellurium is the one not listed as a recoverable material on the CleanTeq website
**vanadium is not listed in the wikipedia article on solar cells, but has been
discussed as a material needed in the development of electrical power storage.
Long Cleanteq
There may be no need to hunt for Gallium mines if these guys manage to commercialise their technology:
http://nanoscienceinc.com/nanotech-solar-panels/
Solar panels based on a graphene layer and carbon nanotubes appear to have been favourably tested by MIT. Caveat: this company appears to be two blokes in a garage at this stage, although they say they are planning for an IPO. Also the graphene they are using may not actually qualify as graphene under the new ISO definitions, which say only under 10 atomic layers can call itself graphene. Everything else is just thin graphite which lacks many of the magical qualities of the real thing. EG The ‘graphene’ used in Head tennis racquets and skis is believed to be about 100 atomic layers, and therefore junk for most industrial applications.
I digress, sorry. The point being that graphene, once successfully harnessed, may soon sideline silicon and all these fancy minerals as a means of harnessing the sun. A truly disruptive technology in the making.
Shavian Thank you. New discoveries can rapidly disrupt the market at this stage where really good means to harness energy are still lacking. Whole sector is subject to rapid change so we need to be flexible and not fall in love with any particular stock.
arch1…it’s a little late for me. I may not be in love with it, but I have a pretty serious crush on Cleanteq..
Must be that pair of huge autoclaves!!
Well, they are big,shiny, and perfectly formed…and they’re not fake.
Savian, thank you for the article. I see you found the thread quick! Do you have a position in the company? Best2You 🙂
Thanks for the rsponses. Yes, I hold about 2% of my pension in Cleanteq. In the UK it’s a bit expensive to trade because it’s not on the CREST system, so I need to accumulate it in bigger chunks. I’m aiming to increase it to 5% of the portfolio.
No need to hunt for specialty mines if Cleanteq can do what they say they can
And as we move forward, it also makes sense to take a closer look at recyclers as they will be purifying economically important metals from sources where the metal components are already largely purified, whereas the miner has to start from scratch, discover the resource, mine it, grind it up, and extract and purify the desired material.
There is only one recycler that know of and that is American Manganese $AMYZF. I believe what HN wants is miner that are using Clean TEQ technology to cut cost or improve the mines metal output. Along that line I’ve found 3 lithium brine miners that using new technology to process the brine for lithium 2 of them may be competition for Clean TEQ but it is really too early to tell. I hope to post that later today.
Recycling companies are OK and fair game.
I only meant that for myself, I would prefer to invest in companies that do not have to establish retail pick-up networks, and change public behavior.
This is not an impossible task, but it is one that I would prefer to avoid in my own resource selections.
This opinion has softened somewhat in a short period after investigating cadmium. Cadmium is a toxic metal in wide use in Ni-cad battery formulations.
Given its relative scarcity, I admit it is not at all far-fetched to imagine battery recycling to be an important source of cadmium. But I do not think recycling will be as important for nickel, cobalt, or lithium, and I think the advantage of centralized mine wastes with specific mineral targets will wind up being more efficient recycling operations for mineral recovery.
Mineral recovery from batteries may be a significant factor in supply. but the drag of the distribution networks and public habits make them less attractive to me as investments than the techno-miners, who will have single location raw material sources and large clients.
Many recycling companies exist who are recovering metals from waste. Companies
recycle steel, copper, plastic coke bottles, aluminum cans, gold from computers, and much much more. That is wonderful and I am in favor.
But do you own any of them ?
Do you want to own any of them ?
I am for recycling wherever practical but recycling many small batteries often requires more expense and energy cost in transportation and grinding than using fresh ore. The present “recycling” is for the most part collection and putting them in hazardous waste sites. In future mining those sites may be feasible. Probably will need a subsidy to build a recycling industry that is eventually cost effective.
I agree but AMI is specializing in EV battery and that maybe a fault since I don’t see a big supply yet. Then that also means they have time setup collection points and other support or get bought out.
Please note that I am certainly invested in the key miners that HN recommends, including CleanTeq and Ivanhoe. But it makes sense as we go forward and a huge pile of spent, heavy EV batteries builds up, to increase the recycling effort rather than put them in special sites or landfills from which the batteries’ toxic metal compounds may leach out into the ground water. And of course, many municipalities may ban such disposal of EV batteries.
Griffin, I intend to take a small position in American Manganese to start with.
I think a small position is smart that is where I’m at. American Maganese has been aggressive in their news releases but they have presentations and articles about them. I would like to know of a catalyst before I add.
btw I’m going to post those lithium brine miners I mentioned next.
eager…we don’t like to use the term “recommend”, it smacks too much of advice and encouragement to purchase.
I am not qualified to give advice; I am an amateur and collectively we know nothing about each others’ financial positions and goals.
What we do is express opinions, hopefully with reasons, which may or may not be persuasive to others, and we describe truthfully what positions we ourselves have taken with our money.
We also put our opinions and observations in public so they can be challenged or rebutted, so that everyone might get the benefit of an open discussion.
**
We might be enthusiastic.
We may believe that stock X is undervalued.
We might suggest that a company will appreciate.
We might even have conviction about a particular stock.
But the opinions and positions written here are not meant to be recommendations or advice.
They are just opinions and positions. These are of uneven accuracy and benefit, and subject to change without notice.
HN….. Point taken. So henceforth, I should say “as HN opines”.
OK:
“I agree with HN, who likes/ mentioned/ discussed/ believes in/ has a position in/ suggested/ brought to my attention/ speculated about/ analyzed/ is long/ or has conviction in stock X. ”
“I am long/have a position/believe in etc. stock X,
as does HN”
“I agree with HN about stock X”
Not OK:
HN recommended…
HN said…
HN advised…
**
It is fine to give credit for introducing a stock, and I get satisfaction if readers do well with my ideas.
But it is best to leave the other guy out of it.
It is your decision, and you should always
put yourself first as the decision-maker when expressing your reasons.
Because that’s the way it is.
Griffin, I am not so keen on battery recycling as an investment, but at least the collection points and distribution network are already set up for EV batteries: car service centers.
But aside from distribution. The other issue is that even though there is a lot of recycling in metals and other materials, I do not see a lot of great investments that have emerged from them, except maybe Waste Management, maybe Bandag.
This is likely just be ignorance on my part.
With vehicles, we already have a lot of recycling in steel, rubber, batteries, even motor oil. These sectors have not created a lot of wealth for shareholders, as far as I know.
It would go a long way to persuading me (which you are no obligation to do) if I saw companies that have been great stocks who recycle copper wire, steel, aluminum cans, plastic bottles, gold from computers, or any other such specific waste material discarded in large amounts.
Occurs to me I should also give disclaimer. I have no expertise or qualification . All I offer is my opinion. If I disagree with someone it is only to calm expectations as I think that mining sector has more hype and expectation than any other,,, maybe almost as much as politics in over promise and under deliver.
I do have years of experience in losing money.
All else I am an amateur. Self educated.
Arch1…everything is OK with you and eagerbeaver, as far as I am concerned. Appreciate both of your contributions as well as the other active guys and gals.
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Mining does get a lot of hype but it seems to come more from the newsletter writers than the miners themselves.
And the miners probably save most of their heavy-duty hype when they are trying to raise money on private placements. It also seems that they try to hide as much information as possible in the financial statements, which for the most part are impossible to understand. W can blame the guys on the Boards for that, not the guys wearing the hard hats.
Generally, from listening to them in interviews, I like and respect miners. They are trying to create value from rock. It’s very difficult and back-breaking. They are tough.
They work like titans, they have very complex duties to accomplish a conceptually simple task. They have to direct and execute complicated and dangerous operations.
And in the end, it is very clear if they won or lost. A lot of mines don’t make very much.
As investments, most miners suck. When they hit, it is great. But most of them seem to limp along, expending huge amounts of energy and capital to not make very much money. That’s why I tend to focus on explorers, developers,
and royalty companies.
I agree with all you say. Too often though miners get starry eyed and fool themselves about future earnings,,, main reason mining
sucks,,, everyone makes money from the ore but the guy who digs it up. Exceptions of course.
AS bigger and heavier batteries accumulate that would speed up recycling much sooner than cell phones and Ipods.
Lithium is mostly processed from brine, mainly in Chile or Australia. You have probably seen pictures of what looks like a lake with white cones like haystacks drying. That is Lithium in crystals like salt raked up from ankle deep salt pans/shallow lake bed ,,,where it crystallizse as water evaporates. From there it is transported to recovery mills.
https://www.thebalance.com/lithium-production-2340123
Having grown up in the San Francisco south bay I’m familiar with the Morten salt ponds. They are quite visible flying out of San Jose airport..
I just posted a comment on Lithium brine miners you might be interested in MGX Minerals as they are getting lithium from an unexpected source.
Griffin, I left my heart in San Francisco.
I prefer Sutter Street to the salt flats.
More sources of lithium are the brines from oil/gas well
wastewater, geothemal plants and wells from buried lakebeds as in Nevada. It turns out it is much more plentiful than thought not long ago. Following is recently published…
http://onlinelibrary.wiley.com/doi/10.1002/celc.201600509/full
Note that Ag is Silver & Ag Cl or Silver Chloride is used as capture electrode in process similar to Cleanteq
Apple was started by two guys in a garage, also. So it doesn’t totally disqualify them; depends on your own outlook and inclination.
If you want to buy a stock for a pennies that goes to $100, often you are buying something that isn’t much more somebody dreaming in a garage or a geologist with conviction about a property.
I like later stage developments with more evidence I can read about. So this is not my kind of play. But that is not to say the company won’t be a big winner.
$UURAF Ucore…no position
Ucore is a technology company that specializes in molecular recognition technology. They are a techno-miner. I bring them up because they are another tech company in the mining space, and I believe the moves afoot in detection and recovery in materials is
an important development.
I had a minor position in Ucore but exited at a small loss to establish a larger position in Cleanteq. I would like to re-enter Ucore in the near future. A bump in Cleanteq will be enough for me to re-establish a position in Ucore.
Ucore appears to have strong connections to US government and defense, as well as very interesting recovery technology.
Market cap is $80 million, stock price 25 cents. The board is full of
geeky academic types, and financial/entrepreneurial/legal whiz-bangs.
They have a large project in Alaska and a catalogue of over 60 elements that can be recovered.
Below is an interview by Byron King of the Agora group, with the head geek at Ucore. So besides mining engineering and molecular chemistry, these guys understand politics and marketing, too.
Ucore is a good play if you are worried about the Chinese scarfing up all the rare earths. Unless they are lying.
https://www.youtube.com/watch?v=uiOQJezGW8E
Hi.
Dont know if any of you have seen this. They are convinced, that they have the most advanced cobalt development play in Austalia.
Your thoughts ?
Australian Mines:
Trial mining commenced at Sconi Cobalt-Nickel-Scandium
Project, Queensland
HIGHLIGHTS
• Bulk ore sample of 20 tonnes successfully mined by Australian Mines from the Sconi Project, with the ore to be delivered to demonstration-size processing plant in Perth
• Processing of this bulk ore sample expected to produce: 160 kilograms of nickel sulphate; 20 kilograms of cobalt sulphate; and 5 kilograms of high-purity scandium oxide
• Commercial-grade samples produced from this initial run already allocated to current off-take discussion partners
• Re-affirms Australian Mines’ Sconi Project as the most advanced cobalt development play in Australia, with all mining approvals in place and a mine life in excess of 20 years.
$MLMZF.otc pinksheets – Metallica Minerals Limited (ASX: MLM) is primarily an Australian bauxite developer with other interests in graphite and mineral sands. http://www.metallicaminerals.com.au/
Most current AXS Releases (News): http://www.metallicaminerals.com.au/wp-content/uploads/2016/09/170905-ASX-Release-SCONI-sale.pdf Thank you for sharing Chris. Shall find out of available OTC in US. Best2You and ALL!
I’m Long this and PGM. AUZ is very near CleanTeQ, I bought into this a while back along with PGM as it could be a Friedland take over and has a small MC. That said they appear to be going to complete things all by themselves from what I’ve read.
There are a lot of shares out and they have a very big land mass if I recall.
Thanks Squirrel. Point of information for those who may not know: PGM is Australian for PTNUF.
It sounds like the company to own is the guy in Perth who is processing everybody’s ore samples.
**
AUZ has been mentioned and I am not negative about it, I have looked at it; but the thing that
made me go elsewhere is that they appear to be pretty diversified, and I wanted a play that was directly tied to cobalt and scandium. Another person may find the diversification to be a plus.
**
They are only projections, but they are telling us their expected grades:
20/20,000 = 0.10% cobalt, less dilution for the oxide
5/20,000 scandium = 0.025% scandium, less dilution for the oxide
160/20,000 nickel= 0.8% nickel, less dilution for the sulfate
These are not impressive grades; but the sample has not been processed yet.
Does AUZ have autoclaves ?
Cleanteq has two autoclaves en route to Syerston. This is a three-year advantage over anyone who has not already ordered one.
Cleanteq could make a fortune by contracting out autoclave
processing on their second one. Everybody is already contracting out to a plant in Perth. That is on the other side of Australia, which is a large place. The Kalgoorlie and western guys may find Perth convenient for now, but for the guys in eastern Australia, Perth is a pain in the neck.
Another money-making potential for Mr. Clever.
Long CleanTeq
HN…..Yes, the possession of autoclave(s) is certainly an important litmus test. I notice in CleanTeQ’s PFS Production Flowsheet that only one autoclave is shown in the diagram.
http://www.cleanteq.com/wp-content/uploads/2016/12/9772_Clean-Teq-SYERSTON-PROJECT-PRE-FEASIBILITY-STUDY_31-1-17.pdf
I suppose if RF really wanted to intimidate his competition, he could couple up his autoclaves in parallel.
#Autoclave – EagarBeaver, here is an article with image of one of the autoclaves in route to Newcastle: Syerston opts for Clean TeQ autoclaves
Clean TeQ is supplying two 600t autoclaves for A$8.18 million to compress and de-risk the Syerston nickel-cobalt-scandium project in NSW http://www.miningmagazine.com/resources/base-metals/syerston-opts-for-clean-teq-autoclaves/
Best2You&ALL
I haven’t been able to determine why or if they really need two autoclaves. There are three target minerals, so maybe they need both to make different brews at the same time.
Or…maybe they will just mothball one til production and demand justify the second.
Or…maybe they will contract out processing for their neighbors. Heck the neighbors are shipping ore all the way to Perth for processing sample batches. So how are they going to make anything in quantity ?
***
I don’t know if they need one autoclave for the nickel, and one for the cobalt, or whether they could do everything they need with just one autoclave.
One thing I am pretty sure of: they are going to have a lot of autoclave capacity. These two were ordered for a project by a major miner. The anticipated volumes were large.
Autoclave capacity will not restrict Syerston processing, they will have extra.
Makes you wonder about the Platina inclusion of a 5% royalty for processing in their study. Makes you wonder about when and where AUZ is going to get themselves an autoclave.
**
In certain conditions it might be logical for Cleanteq to process ore for their neighbors and charge a commission. It really depends on who gets orders, and whether Cleanteq is satisfied with their own position and order situation in relation to their production capacity.
It is like the guy who owns the mill wheel. As long as he has his own grain milled, he is glad to let his neighbors grind their grain at his facility…for a small commission.
Even though flowcharts show autoclave as part of system they are in fact freestanding and may be used together or separately. Economy of scale would site two next to the boiler that supplies high pressure steam. Resultant brine/liquor can be piped or otherwise transported for extraction by Cleanteq or anyone who has an extraction plant. Having two opens more options and flexibility. They are charged with crushed ore which must be changed when pressure/acid leaching has got the metal into brine.
Giant coffee brewers.
“Having two opens more options and flexibility.”
Yes I agree. They may not even know themselves how the things will be utilized.
Oh I am very sure they know exactly how they will be utilized.
“Each autoclave can manage a slurry volume of 647 cubed metres, which is sufficient to achieve the required residence time for an anticipated 2.5 million tonne per annum ore throughput”
Note from the last investor presentation: PFS completed in September 2016 and demonstrated highly favourable economics processing of 2.5Mtpa ore over an initial 20- year period with existing reserves available for up to 19-years of additional mine life extension
By lucking out and finding these 2 autoclaves for a bargain price, they can double the ore throughput from the last PFS. We’ll get all the details in the next 12 weeks, but it looks like they will go from 2.5Mtpa ore processing, to 5Mtpa ore for the new study, and be able to double the quantity of product they can produce. I doubt they are going to do anything but maximize output from these autoclaves, they didn’t purchase them to sit unused.
I am no expert on how their technology works, but this is my best explanation from what I could piece together, somebody correct me if I’m wrong. They dig up their dirt, and pour it into the autoclave. The autoclave does its pressure/acid/heat thing, and it creates something called a clarified leach solution. Then clean teq does the clean iX resin thing to extract the metals from the clarified leach solution.
Sums it up. just like a coffee maker. Clean out used grounds and repeat as needed. Espresso Scandium or Cobalt.
…or nickel…thanks, Arch1.
renby…yes they know how to operate them, and they know the capacities.
What I meant was they may not know how much of the capacity is going to be for their own production, and how much capacity will be available for contracting to the neighbors.
My supposition is based on the impression that the capacity of the two autoclaves will exceed their own initial needs and mine plan. The autoclaves were for a big nickel project by a major, so I am assuming their capacity is pretty large for the needs of a start-up boutique metal operation. But I do not know this for sure; and besides, it is possible that Cleanteq is going to go full-out right out of the gate,
and may not be telling us or may be waiting til they have the orders in hand to justify it.
Do we know anything about the autoclave situation for RF’s projects in Africa? Perhaps one of his autoclaves could be used there.
Just a thought, if cleanteq were to buy PGM and AUZ or planned to, could buying these 2 autoclaves be the reason?
I’ve no idea what kind of capacity they can handle. Maybe the deal was just to good to turn down, I read it would take up to 3 years if you put a new order in to get them manufactured.
Squirrel…Just my opinion…the connection is apt but the motivation is in reverse. A potential company or deposit acquisition that enlarges potential production would rationalize an opportunistic purchase of a second autoclave.
I don’t think an opportunistic hardware acquisition is going to trigger the acquisition of a deposit.
I was thinking maybe Friedland has plans through CleanTeQ with his Chinese connection to make the whole site there a power base in Australia. We have the following, CleanTeQ, PGM, AUZ all near each other. 2 Autoclaves on route. Potential battery factory with CLQ Chinese indicated recently. And who knows what else is being considered, as said before understate and over deliver. I imagine that CleanTeQ has many such ideas in it’s future.
secret…exactly my thinking. Syerston is going to be
a tremendous power base. Triple play in metals.
Extra processing capacity for the neighbors. Chinese-backed manufacturing plant. Whew.
The “It’s possible but I doubt it” comment referred to the idea of the autoclaves being used in Africa.
It’s possible, but I doubt it. The Cleanteq NRs say the gear is en route to Australia.
The fact that there was an announcement about the autoclaves in connection with Syerston was very telling because it conclusively put to rest any doubt or controversy about the construction or ultimate realization of Syerston.
Cleanteq is not in a similar situation with the other projects. At Syerston they are in a foot race
for credibility, orders and production. They are running at full speed and giving everybody their split times as they go.
It was not a coincidence that the off-take with Easpring was announced shortly after the autoclave announcement.
Why would a battery company give an such an agreement to a miner that had no autoclave ?
The commitment to and certainty of this equipment is about the very strongest evidence the supplier can give that production will occur in the near future.
Autoclave capacity…read the release carefully.
The capacity of EACH autoclave is sufficient for the production in the feasibility study.
So they have twice the capacity of their PFS.
Hi Curtis. Re AUZ, post below.
https://www.stockgumshoe.com/2017/02/microblog-scandium-cobalt-and-water-purification-cleanteq-holdings/comment-page-9/#comment-4952859
Was Zircon there or was the meteor Zircon? Not that common element/metal.
https://www.newscientist.com/article/mg23531433-600-found-the-hottest-place-ever-found-on-earths-surface/
and Sudbury impact
http://www.dailymail.co.uk/sciencetech/article-3564649/The-oldest-crystal-Earth-Scientists-say-zircon-formed-craters-left-violent-asteroid-impacts-hit-young-planet.html
Where Scandium is now being used…
http://www.ibtimes.co.uk/sr-72-hypersonic-drone-might-have-already-been-tested-by-skunk-works-1641442?utm_campaign=soficalflowtwitter&utm_source=socialflowtwitter&utm_medium=articles
$Lockheed. Formerly long. The prime establishment tech/weapons/defense company.
$ACNXF, ASX:ACX- ”Tesla’s Shadow: The Little-Known Australian Tech Company that Helped Elon Musk Build a Fortune”?. The article states that Elon Musk invested $63,000,000.00 in this small company. Any ideas??
https://www.stockgumshoe.com/2017/08/microblog-tesla-shadow/comment-page-1/#comment-4952790 Hot Copper from Hot Copper link.
Checking Aconex, it seems to be a software company. Until otherwise verified it is not a resource stock.
$FYI – Lithium Brine miners
There are three Lithium Brine miners that all are pursuing a different method of removing the lithium from the brine. The old way of doing it was evaporation as in producing sea salt. If anyone has ever seen the Morton Salt evaporation ponds in the south San Francisco Bay they are huge. The salt water is moved one pond to another till all the water is gone. Then large equipment scoops up the salt puts in a huge pile. It is very time consuming and takes up to 18 months to end product. It is time consuming up to 18 months. There is an article by my favorite author at Seeking Alpha that has a fair description of some of the new methods more than we are going to mention but not all;
https://seekingalpha.com/article/3988497-lithium-extraction-techniques-look-latest-technologies-companies-involved
There are some large miners that are also pursuing some of the new methods but I don’t think you will see the same return on your investment as you will from these three miners presented here. I’ll start with the highest share price and go down.
MGX Minerals MGXMF SP .7o 9/29/17
“VANCOUVER, BRITISH COLUMBIA / August 29, 2017 / MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to provide shareholders with a progress report on multiple fronts inclusive of lithium, magnesium, silicon, and newly acquired rare earth (REE) superalloy projects.
US / Canadian Petrolithium and Lithium Brine Projects
MGX has processed wastewater and lithium brine from eight North American project sites since inception of its one cubic meter per hour pilot plant in July 2017. These bulk samples of one US barrel each were shipped from six oil and gas sites and two mine sites in the US and Canada. Independent assays are pending to verify lithium and other mineral recoveries as well as clean water output profile to determine environmental and water handling benefit.
This data will provide the basis for the engineering of these projects and final commercial arrangement. These projects represent high priority lithium and environmental water handling projects. In addition to its wholly owned projects, MGX has entered testing and analyses agreements with major oil companies across North America and has completed testing at more than 25 locations providing an initial pipeline of mineral and water handling projects and sites for deployment of 1200 cubic meter of water per day systems (7,500 US barrels per day).
The first 120 cubic meter per day system is near completion and first 1,200 cubic meter skid mounted mobile system is currently being manufactured with mass production scheduled for Q1 2018. MGX Minerals controls over two million acres of lithium brine mineral permits across North America covering in many areas lithium brine correlated with existing oil and gas operations.”
“MGX and its engineering partner utilize exclusively licensed nanoflotation technology to provide oilfield operators with wastewater handling solutions. This patented technology separates heavy metals and hydrocarbons from brine, purifying wastewater and creating a steady flow of brine feedstock for MGX’s rapid recovery process.”
~~~~~~
What MGX is doing is taking the brine (petrolithium) that is pumped out of the ground with the oil, processing it for the heavey metals it contains, and clean water. They have a pilot program working producing clean water as well as building mobile processing equipment that could replaced in a oil field. They have contracts with major oil companies. I don’t know how big a problem this petrolithium is or going to be but they certainly seem to have a handle on it.
~~~~~~
This is the company that MGX is licensing their technology from to find out just how competitve this might be with Clean TEQ. The following link is just more info from green friendly source.
http://www.dbe2000.com/nanoflotation-low-energy-low-cost-water-treatment/
https://cleantechnica.com/2017/09/23/lithium-surprising-source-infographic/
MGX seems to be moving along quite well. There are enough oil companies stepping up that petrolithium is bigger problem than I realize. It maybe a solution in third world countries so some research needs to be might be well worth the entry fee. It still seems to be niche market and as such prone to problems.
Pure Energy PEMIF SP .3875 9/29/17
http://www.pureenergyminerals.com/technology-overview/
“The company is working with global technology and mining services provider Tenova Bateman Technologies (TBT) at the process testing, engineering, and design stage on the Clayton Valley South Project. Early indications at the lab scale and beyond are that the TBT process may outperform conventional and other alternative technologies for lithium recovery from certain brines. Preliminary results reported by Pure Energy in 2015 and 2016 suggest that the TBT technology has the potential for significant advantages over conventional technology*:” They have completed a pilot plant with a 100% lithium recovery engineering work is continueing to support a Preliminary Economic Assessment expected before year end.
Pure Energy is the closes to production with new(?) technolgy and I don’t think the recovery rate can be beat at 100%.In looking at their website the technology maybe solvent extration not ground braking but is being used else where. They have a PES coming this year. I’m having a hard time making a decision on Pure energy a starter position and wait for the PES.
International Lithium ILHMF
The Company’s primary focus is the stake in Mariana lithium-potash brine project in Argentina within the renowned South American ‘Lithium Belt’ that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometer Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salars , or ‘salt lakes’ in the region. Mariana is being developed in Joint Venture with Ganfeng Lithium.
http://internationallithium.com/international-lithium-receives-proof-concept-study-lithium-recovery-using-membrane-separation/
Vancouver, B.C. September 5, 2017: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE: ILC) is pleased to announce that it has received a final report, “Proof of Concept Study – Lithium Recovery Using Membrane Separation” (the “Study”) prepared by Synexus (Pty) Limited of South Africa (“Synexus”). The Study was conducted utilizing (filtered) raw brine from the Salar de Llullaillaico, location of the Mariana lithium brine joint venture project (“Mariana”) in Salta, Argentina. Results from the Study indicate that the selective recovery of lithium directly from raw (filtered) brine, with the simultaneous rejection of other cation and anion species, using a proprietary lithium selective separation process (the “technology”) is possible. Lithium was selectively recovered from the raw brine to produce lithium hydroxide (“LiOH”), a high value ingredient used directly in lithium battery manufacturing, as a final product.
International Lithium is the ‘dark horse’ they have a huge lithium brine deposit and a partner. The only thing this “Proof of Concept Study – Lithium Recovery Using Membrane Separation” says to me they are looking in the right direction. Does anyone know of a company with membrane technology being used for lithium brine?
Finding this website was not easy. Syneus is more known for clinical trials than anything else. I did find that they were using membrane technology for uranium. Uranium is on the other side of the spectrum from lithium not to mention radioactive. All I can think is that Synexus was low bidder with some membrane experience. I did take a position and I’m up but if Synexus ends up being their choice to build the mine I’ll bail.
http://synexus.co.za/index.php/en/15-menu
xpost
“Show me the autoclaves”…after the announcement by Cleanteq that they had acquired two unused autoclaves from a discontinued mining project in the South Pacific, I wrote a lengthy post summarizing my opinion of the significance of the announcement, and concluded with the slogan
“Show me the autoclaves!”
I am serious about this because a mining autoclave of this type is a three-year advance item to manufacture. Plus more months of rigging, shipping, and installation. Further they cost in the millions, and custom orders usually require some type of cash advance. Cleanteq got the two spare autoclaves for $6.5 million, and we can reasonably suppose this is at a discount to the price of a new order.
I therefore concluded that Syerston was substantially ahead of other
cobalt/scandium projects, just on the basis of having autoclaves en route to their mine site.
Now if you like AUZ or PTNUF or some other company because of their in-ground deposits, that is fine. I myself am long PTNUF. But I do not expect PTNUF to beat Cleanteq to market. And don’t talk to me about another in-ground deposit being first to market, or another project being farther along to production, unless you can SHOW ME THE AUTOCLAVES.
HN….Yes, we certainly need clarity from miners as to how, where, and when their ore will be completely processed to yield the desired end products, such as hydrated cobalt and nickel (II) sulphates. Will the processing be completed nearby, or will their ore have to be shipped to another location?
It was interesting to note that when European Cobalt’s Dobsina mine in Slovakia was previously in production during the 19th Century, the ore was hand-sorted and then shipped to England for further processing. Hopefully, EUC can process their ore at a facility much closer this time.
I think EUC is in about a good a place as one could ask for, logistics-wise.
HN time is approaching for you to take a position, don’t want you to be disappointed?
Not long to go!
This one is really going to move as I’ve got a large position, as you say williamstown – Not long to go!
Just received this EUC: Further Ground Secured at Dobsina Co-Ni-Cu-Ag Project
Ss HN and this site has been an inspiration to me from reading and gaining of investment ideas.
HN as the chief has been humble in his sharing of his knowledge, and ideas for all.
I’m deeply appreciative to him.
This could be so similar to the stocks you presented, low risk, high return.
Just waiting to verify consistent grades, they’re leaving nothing on the table as far as drilling is concerned.
One would expect the sp to rise whilst drilling is in progress.
It comes back to how comfortable one is with the investment.
williamstown, frankly I think the grades in the old waste ore are going to be superior to most of the undeveloped world-wide ore deposits. With new technology, the mine waste is probably better as a deposit than a lot of development projects.
The thing holding me up is that any money I put into EUC will have to come from Cleanteq. Very tough for me to part with any right now.
Williamstown, does this one (EUC) had a ticker in the US?
No, trading now at 20c & to approx $7M.
Be interesting to see what it closes at, still IMO cheap if drillings confirms.
Sorry 7M shares
HN & SS some serious buyers today, which I think is an indication that an announcement is pending on I would assume the waste dumps?
Held and closed at 20c.
Williamstown.
Could not be more precisely, about thes guys !
Ss only going IMO get better, await drilling results.
Rubbing it in, you devil.
HN someone said to me sell CLQ and I said no way it’s guilt edged.
Your “someone” may be right, who knows.
But I bet he doesn’t know what an autoclave is.
Triple the average volume traded, with 14 m shares asking .22. Any idea why so many are selling so low?
H N That was just the announcement from AUZ that triggered me !
That they should have the most advanced project in Australia, was hard to believe !
To be honest, I only bought AUZ, because I at the time, couldnt get CLQ through my Dutch broker ! But a while ago it was made possible.
Long CLQ
$CLTEQ – Sprott Asset Management note discusses investing in water
http://secure.campaigner.com/csb/Public/show/jmfht–degfp-6e9ud0g5
Received this from Clean TEQ this morn.
$CLTEQ long
Just curious … Did you request the info from $CTEQF/$CLTEQ ? From you link:
Jim Rogers, famed commodity investor, put this concern well when he proclaimed, “don’t own water because, if you own water, the politicians are going to ridicule you and hang you in the public square. If you can solve water problems, they’ll put up a monument to you in the public square; but if you own it, they’ll take it away from you and accuse you of exploiting man’s God-given right to water.” …. Long $CTEQF
I subscribe to Clean TEQ mailing list on their website. see my comment to HN below for additional thoughts. please
Love Bill Rogers. Plain-talking, straight-shooter and funny to boot.
Refreshing to hear someone as successful as he is who doesn’t claim to know everything, makes fun of himself, and isn’t afraid to say “I don’t know and I could be wrong.”
Griffin…I agree with the points in the article. However the article is short on specific investment ideas unless you read between the lines.
I agree 100% on the farmland and I like Ceres but it is for private high rollers.
It is noticeable that Rule does not mention Cleanteq by name.
HN, hadn’t really read the article when I posted since it was from Clean TEQ. This article is really about water which is all too often neglected and taken for granted. Good clean drinking water is not getting more abundant the recent drought in California not to mention the lead contamination in Flint, Michigan may just be the beginning. As such I think Clean TEQ has issued a wake up to investing water. Clean TEQ and MGX Minerals (in my Lithium Brine miners post) both offer the ability to clean water.
WATER our most precious resource! https://www.stockgumshoe.com/2015/11/microblog-water-our-most-precious-resource/ Please cross post H20 related info. here, as well. TIA
Water investing…when I found Cleanteq, I had Ben’s old water thread clearly in mind. Knowing that there is a need and finding good investments in the sector are two different things.
There was a lot of enthusiasm for certain stocks whose parent companies were plagued by problems…some self-inflicted, some structural. In the case of Cleanteq I thought that the different aspects of the company and its management made it a fantastic investment; and the water purification aspect is one of those aspects.
At the moment I think Cleanteq is totally off people’s radar in this respect.
Water has no traction or public appeal as an investment sector. Even on this thread, we tend towards emphasis of the battery and scandium prospects. But when Cleanteq starts landing long-term contracts and a steady cash flow begins to underpin the company, my thinking is that the stock will be an absolute monster. The analysts will come look at this nickel/cobalt/scandium speculation, and see a rock solid contract book that will have predictable cash flow and income for the indefinite future, and bright world-wide prospects.
DETROIT (AP) — General Motors is promising two new electric vehicles on Chevrolet Bolt underpinnings in the next 1 ½ years and more than 20 electric or hydrogen fuel cell vehicles by 2023.
The company also pledged to start producing hydrogen fuel cell vehicles for commercial or military use in 2020, and to convert its entire model lineup to zero-emissions in the future.
The two new electric vehicles likely will be SUVs or maybe a sportier car designed to compete with Tesla’s upcoming Model 3.
The company says most of the new vehicles will be based on a new electric architecture with a longer range than the Bolt’s 238 miles.
GM made the announcements Monday at its technical center in the Detroit suburb of Warren. Executives offered few specifics on the new vehicles.
GM has a long history with the fuel cell going back to 1966. In the 90’s they spent a lot of money and were planning on using a basic fuel cell chassis. And they produced some concept cars. Then they seem to drop the project. As I see it, one of the big drawbacks is the refueling logistics. We’ll see. While the current EV’s have issues with ‘greenness’, they do offer those of us invested in many of the stocks discussed here some potentially phenomenal returns.
There was a lot of talk in the 90’s about infrastructure to support the hydrogen fuel cells. Times have changed “On September 25 ZapMap.com reported: “Shell plans non-petrol station with EV focus. Shell has plans to open a ‘no-petrol’ station, with EV charging, hydrogen refuelling, and biofuels on offer rather than the usual petrol and diesel.” Looks to me that it should be called an EV charging station.” In the same vein as the water article we think about what companies to invest in that will support these service station.
Not sure how true, but 1 of the commenters from the article your referenced said the cost would be 49p/kwh, which I reckon is about 65 cents US. The only person I know who owns a 100% EV, uses it for local commuting and recharges at home for ~10 cents/kwh N Texas). I do realize I am comparing apples and oranges. But that seems like a large price differential.
I’m sorry I couldn’t find “49p/kwh” in the EV monthly article. I haven’t actually seen any figure for the of charging an EV battery. The reason for that I believe is that the cost to charge an EV is going to vary from country to country, location to location. The figure that I have seen the most of is the cost per 100/kwh and that figure has been going down. If you could narrow down the location of where you saw the “49p/kwh” maybe I could help.
It was a only comment response below the article. I included it below.
September 30, 2017 at 8:51 am
I have heard that Shell plan to charge 49p per kwh on their chargers they are going to be rolling out across the nation.
This cannot be true as it is one and a half times more expensive than petrol! Plus as there is no fuel tax on electricity, Shell will be making a huge profit.
Is this rumour true?
deanbob…who has ever said that EV’s will be cheaper than ICE ?
The push has always been for “environmental” reasons, and the struggle has been to bring down EV costs compared to ICE.
Do you imagine the governments and energy companies are not going to profit handsomely from the EV movement ? The government can regulate ICE out of existence when it suits them.
Here is a good question: How are the recharging stations going to get their power ? If 20% of all vehicles go electric, where will all the electricity come from ? Who will profit ? We are short power now.
EV will not be cheap and Govt. will not forego lost taxes on fuel. The State of Oregon is already testing GPS and recorders on vehicles to charge road tax by mile driven. All in unsubsidized cost on solar is above $0.30 KWH so expect new power needed for EV to to top that.
“Tax on miles driven ” !?
We can next expect a tax on breathing.
Breathing puts a lot of CO2 into the air, you know.
Very bad for global warming. Inhaling is OK but exhaling is a no-no.
I think when all costs are factored in, including all (direct and indirect) government subsidies, the answer for me is obvious. For the immediate and near term future over all vehicles being used, I agree. I’d guess there are individuals for whom an EV work 100% because they never venture out of their local areas; or, if they do, use some other transportation. I’ve been a happy ICE Toyota driver for over 40 years. When the numbers make $$$ and cents ….. .
Ed Wallace hosts a car related talk show every Sat morning. 8am-1pm, in the DFW area. Some years ago he purchased an all electric Mitsubishi that he uses only locally and recharges in his garage. He did so to learn about EV’s. While I do not recall the figures he has provided, he claims his calculated electricity used to recharge his EV is significantly less than gasoline (not sure how he figures in the the significantly higher purchase cost; but, I think he did reduce it by the Federal $7500 tax credit. And I do not think he factors in the cost of his other vehicle that he uses for his longer commutes or drives.
deanbob, the EV thing is going to happen, but not because it is cheaper than ICE.
HN, Bohlsen EV articles have forecasting that EVs will be cheaper than ICE for sometime. The last forecast date IIRC is 2030.
The UK, China, France, and others have already decreed that there be no more ICEs sold 2020/2030 depending on country. An up to date list can be found in the EV monthly from Bohlsen. I’ll continue to in Ben new column;
https://www.stockgumshoe.com/2017/10/microblog-ev-vehicles-october-02-17-beyond/
Where is the power coming from is a good question. I’m hoping that the Pacific Northwest National Lab and Arlington National Lab will find some answer to that question. They have funded to research improving the electrical grid.
This RV storage gave me the idea of covering it with solar panels to provide the RVs with some protection from the sun. Taking that a step further why not cover the super market shopping mall parking with solar panels. The mall parking is usually an acre or two and under utilized. It would provide the shoppers car protection from the sun and the shopper protection from the rain in going to and from the car.
EV prices will come down, but high cost has been a hurdle to overcome, costs have not been a driver for adoption of EV.
That is correct at least in the UK. I googled ‘shell oil recharging station’ and came up with this link;
https://electrek.co/2017/09/27/shell-new-electric-car-charging-gas-stations/
“They are charging £0.25p/ kWh ($0.34 USD), which isn’t too big of a premium on local electricity rate, which ranges from £0.09p to 0.16p/ kWh in the UK.
But it’s still higher than what some drivers will want to pay. In comparison, Tesla’s Supercharger rate for the UK is currently listed at £0.20p per kWh.
Shell and Allego are talking about increasing the rate to £0.49p next year. If they do, it would render the station completely useless. Hopefully, they reconsider that.
Currently, Shell is only planning a few stations in the UK and the Netherlands, but with 25,000 Shell-branded gas stations in the world, it would significantly increase the electric vehicle charging infrastructure if they decide to deploy stations at every location – though it’s unlikely at the moment.
Gas stations wouldn’t necessarily be EV drivers’ first choice to stop to get a charge, but the more stations the better it will be for the adoption of electric vehicles.”
Thanks for asking this is very interesting and brings up a lot of questions. I’m going to post this link in the EV column for comment;
https://www.stockgumshoe.com/2017/10/microblog-ev-vehicles-october-02-17-beyond/
SOGIAM, has posted the monthly EV article from Bohlsen in the “Storage of Electricity – #Batteries & BIG image | Stock Gumshoe” column. GM is covered and has the “GM/SAIC Baojun Model E100” summary which is to be sols in China.
Also mentioned”On September 25 ZapMap.com reported: “Shell plans non-petrol station with EV focus. Shell has plans to open a ‘no-petrol’ station, with EV charging, hydrogen refuelling, and biofuels on offer rather than the usual petrol and diesel.” Looks to me that it should be called an EV charging station.”
EV >>>—Vehicles-October-02-17–&-Beyond——->
https://www.stockgumshoe.com/2017/10/microblog-ev-vehicles-october-02-17-beyond/
New thread with focus on Transportation/Technology Sectors ~ EVs: Boats, Cars, Planes, Yachts, Rail, Drones, IT, etc. Long GREAT Gummunity, $CTEQF, $ECSIF Best2ALL
$CTEQF 2x – Peng Xin Group resources plate and then the next city: cobalt ore project started foundation, mining trade “ecological chain” prototype early
2017-09-26 http://www.peng-xin.com.cn/news/jtyw/1169.html
SoGiAm, Sub header “Take social responsibility, build a friendship between China and Africa” should carry over to Ivanhoe. Long $IVPAF
Can’t read Chinese.
I think several browsers have translation options. I use Chrome and it translated the link Ben provided earlier today.
It may be better if you don’t read this !
There are a lot of exciting near-term opportunities discussed on this thread.
The following idea is not one of them.
It is a long-term speculation I am putting on a watch list. I have no position in it. I am not “recommending” it. It has just come to my attention, I did a little checking up on it, and I am reporting what I found, and what I think about it.
***
$TSDRF Tsodillo Resources…no position
This company is involved in mineral exploration and development in Botswana.
Botswana is like a nice suburb in the middle of Detroit. Things seem decent there
but the neighbors across the street have problems.
Tsodillo has three main assets: A kimberlite diamond pipe, a big iron ore project lying fallow with nobody interested, and a prospecting license for precious metals in a former “gold rush” district.
First Quantum had earn-in rights but bailed out a while back after sinking $14 million in exploration expenses into Tsodillo.
Market cap $30 million, stock price 50 cents
**
About the projects:
1. The iron ore project has an NI43-101 resource study. It has been on the shelf and the project went nowhere because iron ore prices have lower than the bottom of the Atlantic Ocean. I’m not familiar with iron ore grades but it seems to me the grades are pretty good…close to 30% of the ore is iron, and the resource is substantial.
2. The gold asset is just a prospecting license in an old producing district. Because of the new tech in detection, they think they may find something that the swarms of miners missed in 1890 or whenever the Bechuanaland gold rush happened. Who knows.
3. The kimberlite pipe is a diamond-bearing deposit. Some work was done on it by DeBeers but they ditched it. There’s diamonds in there but too low quality and small for DeBeers.
Altogether, it doesn’t seem terribly exciting, does it ? Why even bother putting this company on a watch list ?
**
My reasons are stronger than a photo of a geologist with a pick axe and an assayed channel sample, like at Chavin; and a little more solid, though less urgent, than excitement of workers at a coffee shop near a mine claim in Canada.
But they are still speculative, inferential, and uncertain. Here are my observations:
1. Tsodillo was the counterparty in last week’s royalty deal announced by Sandstorm Gold. Sandstorm Gold has purchased royalties or other interests in all three of Tsodillo’s projects. The bill was over a million bucks for 1.0% royalties.
2. The head of Sandstorm Gold’s technical team, David Bruington, is a director of Tsodillo. The head of Tsodillo is a geology-type, it appears to me that Bruington has worked with him and is familiar with the projects.
3. The iron ore project seems loaded with price optionality and has a lot of work done on it. There is an NI43-101 study complete with measured and indicated resources. I am not an expert on these things and know nothing about iron ore, but the magnetic detection techniques have identified with considerable detail “an anomaly” that is 40 kilometers long, and the ore seems to an untrained eye to be pretty rich, almost 30% iron. Seems big.
4. The gold prospecting license is extremely raw, but with the new toys available they may find something.
5. The diamond deposit is what I suspect is on the front burner. DeBeers quit because they didn’t like the grades of diamonds in the kimberlite. However the team at Tsodillo believes that at deeper levels, there is a different type of kimberlite
that bears higher quality and larger diamonds.
The main reason I suspect the diamond project to be top priority is the sequence of
recent events. A while back, Tsodillo announced a diamond drill program on the kimberlite. A month later, a royalty deal is announced with Sandstorm.
***
Phone: “Ring-ring.”
Dave: “Hello?”
Sammy Tsodillo: “Hey Dave. You know that kimberlite we were gonna drill last month?”
Dave: “Yeah.”
Sammy Tsodillo: “I want to to look at the results. They are good and we need money.”
Dave: “Look, Nolan is awfully busy. This Hot Maden thing is taking all of his time.
It’s very big bucks. Nolan is taking Turkish and getting ready to go to Denver. ”
Sammy Tsodillo:”I’m telling you, you gotta see the results and we need a deal. We are flat on our asses since Quantum left. And the iron ore thing is going to be good someday.”
Dave: “Okay. Send over the assays, I’ll take a look.”
**
One day later:
Phone: “Ring-ring.”
Sammy Tsodillo: “Hello ?”
Dave: “Hi Sammy. You weren’t kidding.”
SammyTsodillo: “Told you.”
Dave: “How much do you need ?”
Sammy Tsodillo: “Million and a half. We can put in another six holes by January.”
Dave: “Dunno. A million is better. I’ll talk to Nolan. But this better be good.
You are putting my ass on the line with Nolan and Dave.”
Sammy Tsodillo: “I’m telling you, we got rocks the size of diamonds down that hole.”
Dave: “Ha-ha. Call you back after I talk to Nolan. You guys can do the press release.”
**
Tsodillo Resources, speculation, no position.
…Thomas Bruington is a director at Tsodilo and employed by Sandstorm. “David” Bruington is an imaginary person.
http://www.tsodiloresources.com/s/NewsReleases.asp?ReportID=803616&_Type=News-Releases&_Title=Tsodilo-Resources-Limited-and-Sandstorm-Gold-Ltd-Enter-Into-Royalty-Agreeme…
Sammy Tsodilo is Michiel de Wit.
$ASX:EUC np – Up 17%+ Way to go guys and gals longs!
http://www.asx.com.au/asx/markets/equityPrices.do?by=asxCodes&asxCodes=clq+pgm+ncz+euc