UAL AGM Wed 30th Nov (MNS Spin-off company), page-12

Absolutely true Global but always keep an open mind LT & a bit of diversification.

If say 30-40% of the world's vehicle fleet moves to battery powered EVs by say 2025, where is all the extra electricity going to come from to charge up these batteries ? Sure 'renewables' will have advanced significantly by then by my bet is that 'traditional' sources will still be cranking out the Mega Watts & what is the point in having EV's if they are going to use CO2 producing power sources to charge them ?

MNS BFS has IRR of 98% assuming US$2350/t basket price, there is a U308 play with IRR of 60% assuming US$41 LT contract, which is approx where LT contracts are being signed at present. Picking prices 4-5 yrs out for either commodity is difficult but I like to keep all bases covered.

Of course there is hydrogen but I got moderated last time I even mentioned that. Anyway there is a no CO2 emissions way of producing hydrogen (which BTW produces synthetic graphite as a by product rather a than CO2) either to produce electricity via a hydrogen cell to charge up batteries and/or to provide motive power directly to vehicles via an on board hydrogen cell driving electric motor/s. Certainly they are not getting the press that battery EV's are getting but they are commercially available & getting some support especially in Japan & Germany for cars, buses & rail.

Technology is changing so fast that nothing is a given for long these days. We live in interesting times.

Yes at the end of the day we are all investing to make $, all with different risk/reward scenario's & differing ideas re what is a good investment. That is what HC is helpful for IMO, getting some new ideas rather than a lot of the 'my graphite is bigger than your graphite' BS that I/you/we have to filter through to pickup the gems.

Anyway MNS has been a nice range trade between mid 60's & low 70's for a while now, about time it legged up a notch which IMO will require some significant news, read off-takes and/or finance - hopefully a nice Christmas present coming for us
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