CARAVEL MINERALS LIMITED (ASX:CVV) - Caravel Copper Project - Bankable Feasibility Study, page-51 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Quest09: ↑

Copper price continues to show strength.
Australia's largest undeveloped copper project"
Pre Feasibility Details for 100% owned Caravel Copper Project:
- Project NPV increased to A$2.0B
- Project payback reduced to less than five years.
- IRR increases to 21%
- DFS scheduled for delivery in 1st Half of 2024.

CVV top option holders reflecting some pretty big industry names.

CVV to also recover Molybdenum from Copper ore.

NPV increases by $1 Billion for every $US 0.50c/lb increase in Copper prices above $US 4.00c/lb.
Global copper demand on the increase.

Buying pressure looking strong.

CVV looking primed for a move up IMO.

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Originally posted by Quest09: ↑

No need to apologise, all opinions welcome.

As per above attached, CVV already have some pretty big backers with pretty deep pockets (first link).

In a world where significant copper shortages are being anticipated (second link), and among rising copper prices, i honestly don't think project funding will be a problem.

Also, the $2 billion dollar NPV is pretty much a base case for present value. For each US$0.50/lb increase in copper price above the current copper price of approx US$4.00/lb, the project NPV increases by approx another $1 billion dollars more (as shown in the below screenshot).

If the project is increasingly profitable (as discussed above), then i don't think funding will be a problem (those institutional backers shown above obviously also agree).

An example of funding availability is also shown below. As you can see by the below article, billion dollar copper mining deals are currently happening in today's market (and in much more volatile and risky parts of the world compared to Aus). Quotes from the article shown below the image.

"At least three South African miners are in the running to buy Botswana's Khoemacau copper mine that is home to one of Africa's largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset."

"A number of unnamed Chinese investors, are also on the list of companies interested in Khoemacau Copper Mining operations, one of the sources said."

"An increase in copper demand for applications from solar panels to electric cars in coming years has prompted miners to scramble for more supplies of the metal."

"Diversified miner South32 (S32.AX) and Australian rival Sandfire Resources (SFR.AX) dropped out of the race after the first bidding round due to the mine's high valuation, the two sources said.""The Khoemacau copper mine may be valued at between $1.5 billion and $2 billion, three banking sources added."

Current market cap of CVV is ~85 million (significantly undervalued IMO)

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Originally posted by Quest09: ↑

Comments from the CVV managing director on the support received from "high quality domestic and international institutional investors".

"outstanding support received from both domestic and international institutions"

"one of the few long-life copper development assets on the horizon globally, with the added attraction of being located in a Tier-1 jurisdiction close to world-class infrastructure and services"

"supported by Caravel’s existing shareholders and will also see a number of new investors join the register"

"The introduction of these high-quality institutions, together with the support of existing shareholders has ensured..."

Institutional investors received shares, and options to be listed on the ASX with an excise of $0.33 and will expire in approx 2025.

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Originally posted by Quest09: ↑

Copper price forecast to 2026.

Predicted to be as high as US$7.00/lb by 2026.

At a copper price of US$4.50/lb, project NPV would be ~ $3 billion dollars.

At a copper price of US$5.00/lb, project NPV would be ~ $4 billion dollars.
At a copper price of US$7.00/lb, project NPV would be ~ $8 billion dollars.

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CVV Already Outlining a Plan for Project Funding & a Schedule to First Production

DFS has been underway since 2022 and is due to be completed in just over 3 months (as early as Quarter 1 2024)

After recent cap raise, CVV is cashed up with approx 13 million in the bank to progress and finish DFS.

After DFS is completed (as early Quarter 1 2024),project financing becomes the focus, and among various or combined financing options, CVV has highlighted a particular option within their below slide: "Offtake agreement may be structured to include equity participation".

CVV current market cap ~$85 million. Significantly undervalued IMO.

No.	Vol.	Price($)
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Price($)	Vol.	No.
0.195	100000	1
0.200	77755	4
0.205	141574	1
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(20min delay)
Last 18.0¢		Change -0.010(5.26%)		Mkt cap ! $94.37M

Open	High	Low	Value	Volume
19.0¢	19.0¢	18.0¢	$41.43K	221.8K

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