PWN (ASX) Ann: Acquisition of Multi-Wet

Originally posted by Oscar09: ↑

Happy to jump in again today

Players soaking the lot on close 6 mill,
broker mid point 5 mill buys at 1.95c

Expect some decent action to come soon.

Post a while back from Nemesis
hope you dont mind the repost for newbies

For anyone new to Parkway Mineral (PWN), welcome!
As the interest in this company grows, I thought I may be able to assist with a brief summary of PWN's transition over the last year or so. Please note, the below summary is based off my own research and may contain inaccuracies. Please do your own research before making any investment decisions.

September 2019 - Parkway Minerals completed their acquisition of Consolidated Potash Corporation (CPC) and commenced their transition into a technology focused company.

CPC came with ownership interests in 2 highly prospective brine projects, the intellectual property rights to the aMES Technology Platform and the owner of the aMES Tech - Mr Bahay Ozcakmak.

This transaction I believe, was in fact a takeover of PWN by Mr Ozcakmak, to use as a vessel to launch his aMES technology to the industrial market.

What is aMES
1. Next Gen (activated) Mineral Extraction System - aMES
2. Backed by 10 years of R&D in collaboration with Victoria University
3. Recovers minerals, reagents and water from aqueous solutions
4. Applicable for desalination, industrial and mining waste streams (brine)
5. Provides improved mineral recovery
6. Converts the extracted minerals into a salable product for additional revenue
7. Reduces the environmental footprint for more sustainable operations
8. Recycles water and reagents for reuse.

Parkway's milestones to date:
1. September 2019 - Completed acquisition of Consolidated Potash Corporation
2. November 2019 - Mr Bahay Ozcakmak appointed MD of PWN
3. February 2020 - Established PWN Engineering & Technical Office at Victoria University
4. Up to April 2020 - Replaced majority of pre 2020 Directors & old MD with Directors who bring expertise to reach forward targets
5. Ongoing - Take steps to reduce company overhead costs
6. May 2020 - Engineering, Procurement & Construction (EPC) 3 year agreement signed with a subsidiary of Worley (WOR). Worley employ 54000+ staff globally
7. May 2020 - Commenced design & construction at Victoria University of an upscaled and operational aMES Pilot Plant to showcase the technology - 5/6 month lead time for completion/commissioning.
8. May 2020 - Pre-feasibility study (PFS) commenced on the Karinga lakes Potash Project (KLPP) - Completion due late mid to late Oct 2020
9. May 2020 - Non Deal roadshow presentation outlining the company and its direction.
10. May 2020 - Acquisition of the iBC technology to pretreat brines such as from coal seam gas (CSG) prior to aMES treatment so PWN can now also target the CSG sector.
11. August 2020 - Senior Engineer previously a design manager for several significant water treatment plants employed to strengthen the team.
12. October 2020 - Announced MOU signed with a significant water industry solution provider - details pending.

Karinga Lakes Potash Project (KLPP) - Pre-Feasibility Study (PFS)
1. Due for completion late October
2. Will provide potential aMES clients a fully detailed technoeconomic study as an example.
3. Includes the design to build (D2B) detailing of an aMES plant for installation at the KLPP

Upscaled Pilot Plant
1. Due for completion & commissioning late Oct to early November
2. A fully operational plant designed by PWN/WOR for installation at Victoria University
3. A working model to showcase the aMES technology to potential clients
4. Not essential though for testing client brines as this can occur in their labs to confirm if aMES can assist a client's brine issue within one week.

Due announcements for October/November 2020
1. Completion of the KLPP PFS
2. Commissioning of the upscaled aMES Pilot Plant at Victoria University

aMES value to a Mine (example)
Below extract from PWN Corporate Update August 2020:

New Testwork Parkway Minerals recently commenced an aMES™ based testing program on a waste stream from a major base metal mine. The complex waste stream is of high impact to the global mining company which operates the mine and represents a significant opportunity for substantial value creation through the reduction of wastewater volumes (and associated costs) and the recovery of substantial mineral products (potentially exceeding >$50 million/yr1).
Technoeconomic Review Parkway Minerals has recently completed a preliminary internal evaluation of a mining waste stream from an established European mining project which has previously undergone extensive aMES™ based testwork. Preliminary results suggest the potentially recoverable value from the waste stream, through the production of a saleable product, is of a similar magnitude to the above project. In addition to the significant potentially recoverable value, both the project undergoing New Testwork and the project that has recently undergone a Technoeconomic Review (as outlined above), currently have significant annual cost burdens (>$10 million/yr) associated with storing the waste streams, providing strong impetus for adopting viable long-term solutions. Parkway Minerals remains confident the technology portfolio the Company is currently commercialising, will form the basis of a solution for these types of large high-value waste streams, through the adoption of Brine Processing as a Solution™.

Parkway Minerals proposed payment model

Using the "aMES value to a mine" (earlier heading) as an example:
Cost saving to one of these mines is 50mil of additional product + 10Mil in reduced cost burden = 60 million per annum
Royalty per annum, being in the range of 5 to 20% = Between 3 - 12 million royalties per annum
Life of Mine (LOM) potentially 20yrs to 50yrs (estimate only)

Royalties for term of the contract based from the lower range to upper range of the above conditions is potentially within the range of 60 million (3mil x 20yrs) to a 600 million (12mil x 50yrs) contract over the LOM. = the massive potential of PWN

The acquisition of the integrated Brine Causticization (iBC™ technology:
• Provides Parkway Minerals with a highly complementary process technology, well placed to assist in the processing of high carbonate/bicarbonate brines, common in the coal seam gas (CSG) sector.
• The iBC™ technology purifies typical CSG sector brines and effectively integrates with the aMES™ technology, enabling the subsequent production of saleable products from these pre-treated waste brine streams.
• The processing and disposal of CSG brines and salts, particularly in Queensland, represent significant challenges to the ongoing operations and potential expansion of the CSG industry.
• The iBC™ acquisition includes: o Patented technology, iBC™ pilot plant and associated intellectual property. o Mr. John Worsley, the inventor of the iBC™ technology, has been engaged in a consulting capacity, to assist Parkway Minerals commercialise the technology.
• Parkway Minerals relocated the iBC™ pilot plant to Victoria University, where a detailed technology optimisation and integration program is currently being undertaken to support ongoing business development in the CSG sector and assist in the commercialisation of the technology.

We understand PWN are in discussions and/or negotiations on a number of fronts with various companies, both national and International, but to date there are no announcements confirming who (possibly due to NDA's currently in place).

Once the earlier mentioned milestones are achieved in late Oct/ early Nov 2020, a Design to Build (D2B) announcement is highly hoped for, as the final foundations will have been laid to complete a D2B contract.
If a D2B contract is announced in the near future, this will validate aMES and provide confidence in PWN's forward trajectory.

All the best.

A reminder that the above summary is my understanding of the company, but please, do your own research before making any investment decisions.
Cheers!

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Would people considered me as conceited if I clicked Great analysis of the repost?

(20min delay)
Last 1.2¢		Change 0.001(4.55%)		Mkt cap ! $31.82M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$1.447K	125.8K

No.	Vol.	Price($)
8	3733328	0.011
16	4089775	0.010
9	9330009	0.009
6	2123000	0.008
7	2194080	0.007

Price($)	Vol.	No.
0.012	2867111	6
0.013	4843645	12
0.014	2347124	5
0.015	1643894	5
0.016	2758482	3

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