European Metals Share Discussion Threads

[kwizza] 03/2/2017 15:07

INTERVIEW: European Metals Holdings Results exceed expectations

[jovi1] 03/2/2017 11:32

I agree with you Scrutable the lithium in itself was not the main news in this rns
this was the other bit of good news " the Cinovec South Resource has now been added to the Czech State resource register"

[scrutable] 03/2/2017 10:54

bookworm
What is stellar about this RNS is the discovery that in one of the two holes, the drilling revealed an additional X3.4 times as much tungsten as lithium. The substantial prevalence of Sn (Tin), Tantalum and Niobium are a further distinction over the newly hyped lemming attraction of Kodai in far away Mali. The other is the Cinovec mine's proximity to the European motor industry with VW,Daimler, and BMW large new battery factories already lined up within 50 miles or so to take lithium from it as soon as it begins production.

I can't see what the attraction is of Kodai capped at £27m compared with EMH at £51m with such a huge resource and much earlier production start up prospects.

I have however noted that yesterday Rio Tinto referred to a very large lithium deposit of theirs in Serbia so Cinovec will not be the sole lithium mine in Europe for long

[bookwormrobert] 03/2/2017 09:07

Good RNS this morning with positive results from two drill holes and some progress towards a mining licence. Nothing stellar, but good solid progress towards the objective.

[melody9999] 03/2/2017 08:35

Bookworm - agree its complex and agree a lot of research.

I work for a business that owns a large solar farm and have access to many other assets...we have conducted our own research in the last year which started with flow and moved to lithium. Currently in process of installing a 5MW+ battery with a project cost of c £3M. Suspect key bit you are missing is that the major revenue driver is frequency response which needs power centric technology - ie lithium. This is the situation in the |UK and may be different in other countries.

Yr point about re-using storage is well made but the price will fall over the coming years and so replacing storage is perfectly possible after 5 years or so when the project is cash positive. Jam - we are unlikely to consider hybrid technology unless the revenue drivers change meaning storage becomes critical - I can't see it in current UK market but understand why RED have tried to weave their flow technology with lithium.

[cpap man] 03/2/2017 07:27

Good morning bookwormrobert - RNS out from EMH - thoughts?

O/T did you manage to take a look at the other LITHIUM play namely AIM listed KOD?

[bookwormrobert] 03/2/2017 07:08

Hi Equity Growth!
I looked up PREM at your suggestion, and saw their resources were in Zimbabwe - which for me is game over. I'm pretty tolerant about country risk - but I won't put money in Zimbabwe (or Russia or any other jurisdiction where asset seizure is a real possibility).
Also Hi Melody9999!
This question of which battery technology is best for which uses is a complex one, and there are many variables. (I've read a lot on this subject). Also, vast amounts of money are being spent on battery research right now, and the science is constantly developing. But, that said, I see a large market for vanadium redox flow batteries. Initially, this will be for off-grid power storage (isolated phone masts / homesteads, etc.). Then, I believe it will become commercial for wind farms and solar farms. For these uses, the key question isn't the efficiency of power storage (lithium beats vanadium), or the weight of the battery. Rather, its the fact the battery can be reused almost endlessly without needing to be replaced.
On the subject of RED, I intend to invest a small amount there. But they have a lot of competition, so it's a risky play.
(None of the above should be taken as meaning that lithium and EMH doesn't have a very bright future!)

[melody9999] 02/2/2017 23:19

Yep - I seem to recall that Jam. I think RED have accepted the limitations of redox as I suggested.

[melody9999] 02/2/2017 22:56

bookworm - you make some good points but on one you are wrong:

"vanadium flow is clearly the best large scale technology available for averaging out the power from intermittent sources of energy such as wind and solar"

In fact intermittency results in frequency variation which is undesirable for the electricity grid; however responding to this requires high power / low energy capability and lithium batteries are much more suitable than flow.

I think flow batteries will be great where long term energy is needed - but it's a tough sell. Check out RED if you want some exposure to flow. I am invested here but not there.

[equity growth] 02/2/2017 21:43

bookwormRobert,If you have time I'd be interested to read your thoughts on PREM from your industry perspective.Apologies for off thread.

[bookwormrobert] 02/2/2017 19:12

Hi Jamonit! Good point about cobalt. For a full list of cobalt stocks search at www.infomine.com.

[cpap man] 02/2/2017 16:00

Thanks to both of you for the above posts much appreciated.

[cpap man] 02/2/2017 09:38

Good morning bookwormrobert - i am also a professional in the natural resources sector for what it is worth. Perhaps with regards to AIM listed KOD we'll agree to disagree!

[AIM listed KOD had an RNS out this morning]

However we would appear to agree on other points especially to do not only with EMH but the future of the battery revolution....

On that note i would be most interested on your views of any other LITHIUM plays apart from the likes of EMH, Aussie listed BGS and AIM listed KOD?

Plus and perhaps even more so....to hear more on the vanadium plays that you previously mentioned....



"If you believe in the battery revolution (as I do), I'd also recommend looking at Vanadium plays."

[bookwormrobert] 31/1/2017 10:50

A side issue to EMH, I know, but when will the prices of the big oil companies slump? The battery revolution is coming quickly now, and there will be an ugly moment when the market realises that the oil majors are worth far less than they thought.

To quote a former Saudi oil minister, the stone age didn't end because people ran out of stones, but because people invented something better.