Greenroc Mining Share Discussion Threads

[sicilian_kan] 17/2/2022 08:27

From:



The issue with graphite supply is not a shortage of resources, but rather of mining projects, Walkabout Resources CEO Andrew Cunningham told Platts.

"What's needed is quite staggering," he said, adding that pricing and grades were an issue, as there were few projects that had high enough grades to sell product above their production costs.

"We're fortunate that we have high grades, so we can produce at a low cost," he said.

===

Now which company has some of the highest grades in the world...

[sicilian_kan] 16/2/2022 08:31

Yet more evidence of pre-production deals for natural graphite:

Gratomic Inc said it has signed a Memorandum of Understanding (MOU) with Millennium Metals Ltd (TM2) and an undisclosed third party (the buyer) to supply graphite over 60 consecutive months.

In a statement, Gratomic said the supplying will begin upon commencement of commercial production at its Aukam Graphite project in Namibia.

[luffness] 11/2/2022 15:09

You should read the latest corporate presentation - they hope to apply for the licence in 24 months which is optimistic, then say 12 months for it to be granted given the review and public consultations required, then 2 years for funding procurement, construction etc so as I said at least 5 years before production.Given Greenroc probably now have a little over 3m to progress this and the other projects they will need to raise substantial amounts. You will be able to get in here lower.

[sicilian_kan] 11/2/2022 11:29

Blujay got their Dundas mining licence within just 13 months of the application being lodged (30 year exploitation permit). Thule Black Sands is for a very similar project next door. A lot of the heavy lifting (community impact, what is acceptable from environmental perspective etc) will have been done by Blujay and it should be relatively simple for Greenroc to get their permit now Blujay has theirs. Blujay now have an offtake agreement for 60-80% of the production there. All very promising for Greenroc and their ambitions and targets.

[sicilian_kan] 11/2/2022 10:50

As for the timing of the licence application, Greenroc are targeting getting the mining licence by the end of next year (2 years, not 3-5 years).

[sicilian_kan] 11/2/2022 10:37

At no point have I said when they will get into production. It will be each stage at a time, but the EIA/SIA that you say they haven't started yet, is expected to be applied for this calendar year.

[luffness] 11/2/2022 10:34

Not for TBS

[luffness] 11/2/2022 10:33

Using JAY as an example as they do - JAY will take 4 years from the grant of the exploitation licence to production. Getting to the licence stage will take greenroc what 3-5 years? - so 7-9 to production

[sicilian_kan] 11/2/2022 10:27

The EIA / SIA is expected to be submitted by the end of this year.

[luffness] 11/2/2022 10:05

Lol a project where they haven't even started the EIA and SIA - like I said at least 5 years

[sicilian_kan] 11/2/2022 09:11

Hi luffness, the first project that GROC will be bringing into production is expected to be the relatively simple ilmenite project at Thule Black Sands.

[luffness] 11/2/2022 08:26

Stick with BRES - GROC is a minimum of 5 years away from any production

[divmad] 10/2/2022 15:41

Good luck, S_K, with Greenroc. As a big fan of graphite for various growing uses including of course EVs, my interest was piqued just now when I came across Groc. Doing my research now. But may I ask if you have compared the MC and relative positioning in their development cycle, of Bres and Groc? I am a big holder of Bres, another under the radar junior miner, with a world class graphite deposit, in Uganda. ATB.

[sicilian_kan] 10/2/2022 11:41

A deserved couple of tick ups today. Good to see the market starting to realise the gross undervaluation here.

[sicilian_kan] 10/2/2022 07:47

A good article on Greenroc below thanks to burtond1

[burtond1] 10/2/2022 06:57

Fancy Greenroc in Greenland for half the price ask @TMSreach"...The @GreenRocMining share price has drifted down from its admission price of 10p to around 5.8p at the time of writing, taking the #GROC market cap to £6.5m from £11.1m..."https://total-market-solutions.com/2022/02/greenroc-mining-plc/

[sicilian_kan] 07/2/2022 23:02

More evidence today demonstrating moving natural / spherical graphite processing to the US and away from China.

"Graphex Group, a Global Supplier of Graphite, Announces Plans to Establish a Michigan-based EV Battery Materials Production Facility"

"Graphex Group’s exclusive MOU with Emerald Energy Solutions LLC is a key step toward the construction of a graphite processing facility in the greater Michigan area to support EV battery production across the United States"

[sicilian_kan] 07/2/2022 15:51

Hi chippy, thanks for your post and I do emphasise to some degree. My response would be as follows though:

1. I've had quite a bit of success on junior miners. GGP gave me a very healthy return. Where companies have world class grades in safe non-corrupt jurisdictions, like GGP, generally speaking the value will out and the share price will respond very well. There is of course too much dross on AIM with companies in dodgy countries or with grades that are not commercially appealing. Finding the successful companies is the trick. I think GROC meets those criteria of world class grades in mining safe jurisdictions. The only thing Greenland has voted against is uranium mining, which is understandable given radiation and related radioactive environmental concerns.

2. Yes, Greenland is a harsh environment, but no harsher than a lot of mines that operate next door in Canada. There would be a four month shipping window.

3. Alba struggled to raise funds. You can see that most of its recent fundraises were £500k to £1.5m and that was spread out over many more assets than at Greenroc. They couldn't really raise enough to properly develop the projects. By contrast Greenroc went out and raised £5m in one go on its IPO. The ability to raise funds to drill out a project and to get to the next stage is critical and so far Greenroc have shown that they can do this.

[chippyfriday] 07/2/2022 14:49

Hi SK,

I have invested in small cap miners in the past but came to the conclusion that with a lot of them, the only people who made any money were the directors and most investors lost money. Looking at the directors of Greenroc I notice the strong connection with Alba Minerals and that Alba owns licenses for the Greenland resources.



In ten years the Alba share price has only been above 1p once and that was very briefly in 2014. Talking of dilution, the current mkt cap of Alba is £14,400,000 and the share price is 0.22p so I'll let you work out the number of shares.



Greenland is a very harsh environment which which will certainly add to difficulties and cost.
I'm sure you won't be surprised to hear that Greenroc isn't for me and I hope you will take this post as intended, which is to advise you to proceed with caution.

[sicilian_kan] 07/2/2022 12:47

Also I think we will see more an more examples of car and battery companies, like the Tesla example I posted above, going direct to mining companies to secure graphite supply. This will lead to much more positivity in the sector and for the share price. Remember such negotiations could commence or be announced at any point, most likely after the resource estimate comes out later this year.

[jwoolley] 07/2/2022 12:26

"It is not in itself a reason not to invest."

Agree it's not. But I do think the raise will probably be below the current share price and I can't see anything at the moment to improve the share price significantly.

So it might not be a reason to invest, just yet??

At the moment, I feel the slide needs to steady a bit, then it might be worth dipping a toe in.

Just my thoughts.