Blencowe Resources Share Discussion Threads

[gisjob2] 25/10/2023 08:57

I'd reluctantly settle for a $100 million take out in the next 12 months, not that I'd have a say ! :-)

But a positive DFS proving viability of an in country SPG facility would be a game changer. All bets off then !

China's export restrictions are perfect timing for BRES.

[pauliewonder] 25/10/2023 07:33

Could be multiples of this depends on when it happens. My thoughts are circa 100m USD in the next six months as this is prior to production starting. If we're talking when the mine is in production, and factoring in aspects such as in country SPG facility, then there is no way it would go for that and would be multiples of that price. Once in production, this is a fat old cash cow and given the likely increase in graphite prices (helped by last weeks announcement) and also the chronic supply shortage going forward, this will either be a substantial cash generating machine throwing off huge dividends per year, or will be taken out. Given the macro picture, I can only see the second option here

[matt3893] 25/10/2023 02:15

Lol 100M takeout ur crazy

[pauliewonder] 24/10/2023 22:50

SP Angel notes the recent decision by the Chinese government to implement export restrictions on exports of higher grade graphite from 1 December 2023The move has significant potential implications for the global battery industry.Chinese companies will have to seek special export permits to supply synthetic, natural flake graphite, graphite concentrate and purified graphite to international battery manufacturers.The restrictions do not extend to lower grades of graphite which are used for EAF ‘Electric Arc Furnace’ anodes as used in the production of aluminium, steel and ferro alloys.China is the primary source for > 70% of global synthetic graphite production and ~65% of natural flake graphite.China also processes >90% of graphite used in Electric Vehicle Li-ion battery anodes.Forecasts indicate demand for graphite in Li-ion battery anodes should quadruple within the next decade.European demand for battery-grade graphite is estimated to reach 1mtpa by 2030, equivalent to the entire global graphite production in the year 2020.China's decision to impose export restrictions on graphite underscores the critical need to establish secure supply chains by boosting domestic, non-Chinese production capability, which is less vulnerable to market shocks and geopolitical events.China’s threat to restrict high-purity graphite products required for Li-ion battery anode production risks harming if not killing off the nascent European EV battery industry.Any interruption to graphite anode supply will lift China’s competitive advantage in the Electric Vehicle sales at a time when regulations are forcing drivers to buy EVs in increasing numbers

[pauliewonder] 24/10/2023 19:10

Completely agree. BRES is slipping under the radar / not on the "big" projects list at the moment due to a technicality, that being the size of the resource. Only 2 percent of OC has been explored although MR has made it clear that the remainder of OC is likely to reflect the existing infill results for the northern syncline and Camp Lode results and therefore, we can multiple the resource by the amount we haven't explored to date. When the full resource is explored, it's a colossal monster and far far far too big for BRES. My thoughts, a cheap takeout for around 100m USD. Gives about a seven or eight bagger from here

[gisjob2] 24/10/2023 13:42

I can't see BRES remaining a small independent owner of this huge resource for long, certainly once the DFS is complete. What take out price? that's the question ?

[apfindley] 24/10/2023 11:40

With them willing to finance the project, given its resource size and importance for future supply of graphite, would make sense to get ahead of the game and have Bres dual listed in the US or at minimum to have available as otc for them to start with.Exciting times ahead.

[pauliewonder] 24/10/2023 10:31

Agree and I think it will be US owned in the future particularly given the DFC involvement and the latest developments. All good for BRES.

[apfindley] 24/10/2023 09:30

Agree.Or for the Chinese to even sneak the asset away from investors.The US route is far more secure for investors.

[soulsauce] 24/10/2023 09:16

Agree Divmad.

[divmad] 24/10/2023 08:36

Yes, it seems BRES could become a pawn in between the two super powers. I just hope that the DFC can steer the huge resource at Orom Cross towards a full Western ownership and source of SPG grade graphite, for the EV's long term supply security. I don't trust the Chinese not to withhold physical supplies of strategic metals, in the increasingly tense relationship with the US going forward.

[pauliewonder] 24/10/2023 07:49

htps://twitter.com/BlencoweRes/status/1716378474653347901Big developments in China. GreenRock also mentioning today about how pivotal it will be for non-Chinese companies to secure graphite supply chains. Will underpin the graphite price and likely graphite companies sp

[goodbuyexsell] 23/10/2023 22:55

Further to my post yesterday on this subject, below is a positive piece for Blencowe the online outfit online oil price.com

[apfindley] 23/10/2023 11:36

Exactly.And the Chinese want to get their hands on orom cross, but the US has now given a grant and indicated they will provide funding for the project.Blencowe in a great position, when the markets finally realise.

[goodbuyexsell] 23/10/2023 11:01

The news coming out of China is that the CCP is banning sales of Graphite exports without a licence. That will equate to a price increase and a shortage for other manufacturers.

[apfindley] 23/10/2023 08:59

Lot of private chatter going on.

[divmad] 20/10/2023 16:54

All grades of graphite, or just EV grades?

[the count of monte_cristo] 20/10/2023 16:12

Meanwhile, China ban the export of graphite.

[goodbuyexsell] 20/10/2023 13:59

It’s Friday, Middle East conflict, CFD traders selling. Nursing big losses over the week. FTSE, CAC and Dax down. MM’s having big day trade profits with BRES

[goodbuyexsell] 20/10/2023 13:59

It’s Friday, Middle East conflict, CFD traders selling. Nursing big losses over the week. FTSE, CAC and Dax down. MM’s having big day trade profits with BRES

[soulsauce] 20/10/2023 12:02

Yes dejavue unfortunately gisjob.

[gisjob2] 20/10/2023 11:57

Drifting on lack of visible imminent news, just need to decide where to top up.

[divmad] 19/10/2023 09:02

Is it, "why am I still here, with the tide coming in?"