Very exciting times. I'm glad I loaded up more last week

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MyPeanut

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19/02/18

10:09

Post #: 31150045
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Originally posted by shimmer ↑

This deal values us so much higher,

- AUZ reportedly set to sign an offtake and funding agreement with South Korean Chemical company SK Innovation (Subsidiary of SK Holdings) for its Sconi Nickel/Cobalt/Scandium project
- The agreement is set to involve 7 year offtake agreement for all the production of the Sconi project for their the nickel and cobalt, with a further 6 year option;
- 12ktpa cobalt and 60Ktpa nickel sulphate prices linked to LME;
- SK have an option to buy 19.9% of AUZ for A$65m;
- SK will provide inputs into the BFS and funding options and
- The product is targeted to be input into SK newly developed battery facilities in Hungary and Korea
- The option to acquire 19.9% for $65m, implies a valuation for AUZ of $325m.
- AUZ deal is yet another very positive data point highlighting the demand and willingness by industry to lock up cobalt supply in a tightening market.
- It also makes the relative valuation of JRV look very cheap $325 (AUZ) vs $100m for JRV for a comparable project, with upside of advanced business development opportunities and a very strong management team
- Quick snap shot below you can see that JRV has a very comparable resource to Sconi project. The bulk of the valuation is related to Sconi, Flemington project was acquired from JRV with $5m payment due later this year.
- Granted AUZ has a mining lease granted, environmental approvals in place and a mining study completed. BFS is targeted to be completed by mid-year.
- However JRV recent updated indicated a target date of Q3CY18 for BFS at Nico Young.
- Lets not also forget that JRV has the potential to differentiate itself from its peers if it can successfully demonstrate the project is economical using a heap leech processing approach rather than HPAL which is being proposed by Clean Teq and AUZ. This could result in a significant difference in capital, timing and complexity.

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Very exciting times. I'm glad I loaded up more last week

JRV Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.9¢		Change 0.000(0.00%)		Mkt cap ! $51.35M

Open	High	Low	Value	Volume
1.9¢	2.0¢	1.9¢	$34.98K	1.835M

Buyers (Bids)

No.	Vol.	Price($)
2	569047	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	257295	5

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No.	Vol.	Price($)
1	469047	0.019
10	6721435	0.018
9	3101344	0.017
6	3878103	0.016
13	3241465	0.015

Price($)	Vol.	No.
0.020	257295	5
0.021	1230223	6
0.022	1450000	3
0.023	2083760	6
0.024	389332	4

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Very exciting times. I'm glad I loaded up more last week

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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Canadian fieldwork yields multiple pegmatites for Trinex

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Very exciting times. I'm glad I loaded up more last week

Top Stories

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

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Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

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Buyers (Bids)

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