Savannah Resources Share Discussion Threads

[ged5] 04/10/2017 14:43

Good grief! If they can do all that in two and a half minutes why has it taken a month to get to this stage? ;)

Not sure about the music though!

[ged5] 03/10/2017 12:32

3 tweets

TZMI says strong market in Q2 17 for Ti feedstocks/ ilmenite with ↑ in sales, volumes and prices - solid setting for #Mutamba #mineralsands

Brussels wants Airbus-style consortium to lead battery revolution … via @FT

The most interesting

New battery realizes driving range of electric vehicles boosted to 320km on 6-minute, ultra-rapid recharge, triple that possible with current lithium-ion battery.
New anode material, titanium niobium oxide achieves double the capacity of the anode of current lithium-ion batteries.

[ged5] 02/10/2017 11:29

Thanks Yorkie, two good interviews.

I thought David Archer was speaking in Dubai this morning, Ricky. It looks like he's at home.

[yorkie14] 02/10/2017 10:47

hxxp://www.proactive investors.co.uk/companies/stocktube/8172/savannah-resources-back-to-business-in-oman-8172.html

[yorkie14] 02/10/2017 10:46

David Archer update on RNS..

[...]

[yorkie14] 02/10/2017 10:34

Interesting listen...

hxxps://www.midasletter.com/2017/10/global-lithium-llc-ceo-joe-lowry-2nd-lithium-wave/#

[ged5] 02/10/2017 08:54

Thanks for your reply, IB.

I see we have our long awaited update from Oman. It looks like permits are progressing nicely with final approvals in December and production still on revised target.

I would have liked a resource update but that can wait for another day.

Focus now on Moz. Progress being made with the processing plant - nice pictures tweeted over the weekend.

We should also have updates from Portugal this quarter, so we should have an exciting end to the year.

[edgein] 02/10/2017 07:56

Good news, looks like we're on for the Omani MLs this Q, that'll set them up for production next year. Great to see them making "solid progress".

Regards,
Ed.

[tippow] 02/10/2017 07:53

With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders.

"Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..."

GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought.
50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne

6,620x500,000= $3.31 billion

50% ownership so that become $1.655 billion

$=0.75£

$1.655billlion=£1.24 billion

Lets assume a modest 50% recovery and a 25% profit margin.

1.24x0.5x0.25=£;155m

Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months.

John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!!

John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold.

4.45mins in

hxxps://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&REF=IGTV&bctid=5567278253001&bclid=3671160850001 … … … … … …

Also previous videos on GEO worth watching

hxxps://audioboom.com/posts/5996550-john-meyer-covers-georgian-mining-corp-geo-ortac-resources-otc … … … … … … …

hxxps://audioboom.com/posts/6041037-john-meyer-on-solgold-solg-georgian-mining-corporation-geo-21st-june-2017 … … … … … … …

hxxps://player.fm/series/the-vox-markets-podcast-with-justin-waite/824-georgian-mining-corporation-geo-and-bonnie-hughes-on-botswana-diamonds-bod … … … … … … …

hxxps://audioboom.com/posts/6149837-greg-kuenzel-managing-director-and-martyn-churchouse-technical-director-of-georgian-mining-corporation-geo-27th-july-2017 … … … … … … …

… … … … … … …

This is what is being indicated by the BOD.
"Although work to date has focused on three zones as separate areas,
recent results suggest that they coalesce to form a large epithermal
copper-gold system"

Now that would be HUGE!!! "A large epithermal
copper-gold system"

GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold?
Is 60pps too conservative in view of the increasing copper and gold prices?

we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date.

The project is derisked now. It is going to be mined and no capex needed!!
Remember the company have previously described their find as a "world class discovery"

John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more"

Multibagger in the making here and all very close

All thoughts are mine and helped by others posters snipets.

[sambuca] 02/10/2017 07:42

I have been looking in to buying an ev and it occurred to me with the need for the fast charging stations which will reportedly being put in supermarkets, motorway services etc these will need a large electricity supply with all the countries now moving towards evs in the future there is going to be a large demand for large electric cables which will require large amounts of copper. All the focus seems to be on lithium but I think copper which has gone up around 30% in the last year could go a lot higher as demand inevitably increases.

Sam

[rickyhatton] 02/10/2017 07:18

RNS

"We are working towards the mining licences being awarded around the year end, with the licence for the TSF targeted to be granted soon thereafter"

"The process for permitting mining activities in Oman is administered through the Public Authority of Mining (''PAM''). Upon submission of the mining licence application, approval or "No Objection" is required from eight Ministries for the licence to be granted. Savannah has now received "No Objection" letters from five of the required ministries for the Maqail South application and four of the eight Ministries for the Mahab 4 application. Positive discussions are continuing for the remaining Ministries at both projects, with final approvals expected to all be received in Q4 2017. "

Ministry of Environment and Climate Affairs approval is the key one I think. And SAV very close to closing that approval down

[inbrackets] 30/9/2017 10:49

GEd, sorry for slow reply.Not sure where this came from to be frank. Following is a good read and may have picked up an approx figure from background research.https://gettingthedealthrough.com/area/22/jurisdiction/57/mining-2016-finland/Unless they have progressed the licensing, the original reservation licences only last for 2 years and I seem to think, cannot be transferred. They have obviously done work on the site so it wouldn't be a case of use it or lose it due inactivity but any necessary requirement may not fit in with SAV's own current timetable and priorities.

[ged5] 29/9/2017 13:59

Thanks IB, where's that figure from? Have I missed it?

[ged5] 29/9/2017 13:55

Good point, Edgein. I hadn't considered a JV. Looks as though the company might have done.

"Assessing ways in which to best realise value from two lithium projects in Finland"

"Now that realising nearer term value opportunities in Portugal is our primary lithium focus in Europe, we have sought expressions of interest from a number of groups with an energy metals focus."

I think you're correct again, BW. I've checked all the announcements.

[inbrackets] 29/9/2017 13:25

Seem to remember that apart from company set up costs, it was about $40000, then we have had the sampling and testing costs, which covered the whole area, not just a selective sample as had been originally envisaged.The prize was getting the exploration rights to begin with, ahead of the nearby competition who presumably might be an interested party to add to their existing assets. Doesn't stand us much and we are certainly now on a much faster horse.

[broncowarrior] 29/9/2017 12:56

Not sure we paid anything for them.

[edgein] 29/9/2017 12:52

Chaps it would make more sense to JV the Finnish lith assets and to get a free carry on exploration than sell at this stage. Demand for lith is set to increase significantly:

Courtesy of Knowing on the THR thread:



"Analysts at research firm Morningstar expect lithium demand to rise 16% a year from 175 000 t in 2015 to 775 000 t by 2025 - the fastest increase of any significant commodity over the past century."

A free carry on Finland would allow the company to focus all their short term efforts on Oman and Portugal.

Regards,
Ed.

[ged5] 29/9/2017 12:36

How much did we pay for the 2 projects in Finland? It was before my time and I can't find any reference to a price.

Nice 18K buy this am. Not everyone mad then!

[broncowarrior] 29/9/2017 10:59

Makes sense to sell that off and maybe keep a residual interest somehow.

Cash position is better than I thought, looks like we still have around 2mm in bank.

[inbrackets] 29/9/2017 09:37

Ged, yep, post Portugal, surplus to requirements and not going to get the attention it may or may not deserve whilst SAV attention and resource fo cussed elsewhere. One might hope that it will at least wash its face in the current market - you can almost see the pitch by the new owners - lithium, EV's, historical data, infrastructure, jurisdiction etc etc, where have we seen that?

[ged5] 29/9/2017 09:21

Interesting comment about Finland. I think it was Inbrackets who first suggested it might be flipped. Only initial work done but some very high grades of Lithium Oxide.

It'll be interesting to see how much it will raise. It could be a timely injection of cash to develop the "potential company maker", Mina do Barroso.

[ged5] 29/9/2017 09:07

Absolutely spot on Bronco.

Three superb projects and a little more cash than I anticipated. Oman news very shortly.

"Additional metallurgical test work is now underway to refine our processing model and to try and further improve the already high recoveries and overall copper concentrate grades. Alongside this we are developing a detailed mine design and production plan for the two mines and preparing an Economic Study to gain further clarity on the revenue potential. We therefore remain highly active whilst we await the granting of our mining licences, in order to ensure the timely development of Mahab 4 and Maqail South. We believe these mines will come online at an opportune time given the current strong copper price and the solid market demand."

I'd forgotten about the Zinc which is an added bonus.

They're very confident about production near term.

Nice picture from Grandao in today's tweet.

[nick9013] 29/9/2017 08:57

Placing coming, been in and out here for years. We all know the drill

[broncowarrior] 29/9/2017 08:16

Edge, think the mine development will be relatively low cost for Oman and we have some influential partners in the country, already interest in offtake arrangements.

[broncowarrior] 29/9/2017 08:14

Other than some delays in permitting in Oman this is a fantastic RNS full of detail.Will likely be another placing before the end of the year, wish they would do an open offer with warrants like SOU did, although those are quite expensive to set up.