Sylvania Platinum Share Discussion Threads

[freddie ferret] 10/3/2021 19:30

You get things reported well after 4.30 most days.

[mr stephens] 10/3/2021 19:27

Mo123 eps was 36c per share based on liberiums forecast of $100m net profit after tax. Rhodium they forecast to be at $20,000 an ounce. So allowing for the uplift it is more likely to be 40c eps as net profits look like $110-$115m. I’ll provide accurate figures at end of q3. Note cash adjusted pe will be around 3.5 in that scenario

[kennyp52] 10/3/2021 19:21

Plat back over $1200 ... back to over 130p tomorrow ?

[freddie ferret] 10/3/2021 17:38

Guess it was the auction trade at 16.35:19
Done at 132.5p

Be interesting where it kicks off tommorrow.

[bbluesky] 10/3/2021 17:33

For Africa Asia only 38m to go! Someone at Liberum could make decent commission here and if you can't sell this...GLA

[mr stephens] 10/3/2021 17:22

How does it close on £1.32 when bid offer at close was 1.27-1.29? Also Africa Asia dumped another 5m shares so that may be holding the price back. Genuinely appreciate an educated answer to my closing price question

[risa5] 09/3/2021 19:15

Explorer Hits Long Intervals of Pt-Pd-Rh-Ag-Cu-Co at Montana Project





This report includes a table of drill intercepts and exhibits.

[mo123] 09/3/2021 17:29

OK thanks CB7. That would raise the EPS figure to over 35c but I am not sure if Stanley have the denominations mixed up. They may have used pence instead of cents?

[cb7] 09/3/2021 16:51

last I had was 29 cents (about 1month ago)

[mo123] 09/3/2021 16:17

Was looking at the broker forecast for SLP on the Stanley site which has a 2021 EPS of 26p and 2022 EPS of 30p. Does anyone have figures from elsewhere which differ from these? Cheers Mo.

[freddie ferret] 09/3/2021 13:43

The refining and processing of Nickel is a bit messy if my memory serves me right. It involves the carbonyl compound.

[hpcg] 09/3/2021 13:36

Nickel isn't rare. Dig a whole in northern Canada and there is nickel underneath. Same with Russia. As I hope we should all know there is a world of difference between confirmed resources and what is actually in the ground. It is the fifth most abundant element in the earth's crust.

[freddie ferret] 09/3/2021 11:10

Pt once again on the way up. Possibly a gold up effect.

[thelongandtheshortandthetall] 09/3/2021 09:22

Reminds me of European Nickle.
oh the memories :)

[corrientes] 09/3/2021 09:17

Nickel brings back memories of the Poseidon era when it was all sulphides. That set me on the road to ruin. LOL.

[martinfrench] 09/3/2021 08:46

i didnt think nickel was particularly rare ?

[risa5] 09/3/2021 01:17

Could something similar happen here unlikely for ICE vehicles but for hydrogen vehicles ?

Tesla’s move in New Caledonia highlights just how strategic big nickel assets are likely to become

NIckel is one of the key components of electric vehicle batteries

It may be that it requires a man of the stature of Elon Musk to sort out some of the mining industry’s most intractable woes. Given his profile on some other issues, his comments on twitter and elsewhere with regard to commodities aren’t always given the highest profile in the wider world.

But miners certainly take note when the world’s biggest car maker and the world’s richest man start talking about metal supply, and they take note especially when he makes actual moves.

At the end of last week it was revealed that Tesla (NASDAQ:TSLA) is to become involved in the huge nickel mining operations on New Caledonia, formerly owned and managed by Brazilian giant VALE (NYSE:VALE), but lately mired in what the jargon now terms “ESG” issues.

At the Goro mine the issues have been real, and until the arrival of the latest dispensation, apparently intractable. Now though, the mine goes back into local ownership, if you look the other way on the 19% Trafigura will hold, that is, with Tesla sitting benevolently above the fray in the role of adviser on technical and sustainability issues.

Precisely what expertise Tesla can bring in regard to sustainability in the mining industry is perhaps an open question, but it does have prestige, genuine green credentials, and is perhaps one of the few organisations in the world that can match both governments and mining companies for financial and PR firepower.

On that level, the deal looks a good one for New Caledonia.

Is it good for Tesla, though?

Elon Musk himself has on several occasions opined on public platforms about the necessity of securing sustainable supply of materials for the construction of Tesla vehicles.

“Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” he said last summer.

He’s also spoken on the Joe Rogan Experience about mining in general, and occasionally tweets about nickel, cobalt and others of the materials that are required in the manufacture of electric vehicle batteries.

His concern highlights not only the significance of metals and mining to the future greening of the economy, but also a real risk in the successful execution of that process, which the mining industry is only too aware of, but has barely got to grips with – the energy costs of extraction.

Nickel in particularly is likely to be increasingly difficult and expensive to mine and process as the twenty-first century continues. Yes, new technologies will be developed to help, but historically in nickel new solutions have not kept pace with the challenges provided by increasingly difficult ores.

Once-upon-a-time, it was all so easy: nickel was found in sulphide ores, you could drill and blast and then process relatively easily by smelting and refining.

But that was before all the sulphide ores got mined out. Now, there’s only a few untapped nickel sulphide deposits in the world, including among their number the Kun-Manie project of Amur Minerals (LON:AMC), and the Mount Alexander project of St George Mining (ASX:SGQ).

For the rest, nickel mining in the future will generally involve the exploitation of laterite ores, otherwise known as clays, which are notoriously difficult to process. In the past, more than one major Australian company has come unstuck trying to short-cut its way through the processing of nickel laterites, and any undertaking to do so needs the utmost care.

Goro is a laterite, and so too are some of the bigger deposits in the Philippines, Indonesia and Brazil, so it can be done. But at the same time, it’s worth noting that laterite operations produces around three times the carbon emissions that sulphide operations do. So, while one part of the global economy is going green, the trade-off is a dirtier environment elsewhere.

This is the real risk Musk is grappling with, and although Tesla’s move to New Caledonia may have caught some in the electric vehicle industry by surprise, to miners it was an obvious move. A common estimate is that Goro contains around 25% of the world’s nickel. If Tesla aspires to maintain its position as the world’s number one electric vehicle manufacturer, it has to be there, or somewhere like Goro.

And although the statement that it’s advising on ‘sustainability’ may only be window-dressing at this stage, Tesla is right to start its positioning early. Because, as the mining industry knows only to well, when you get ESG wrong, the investment rationale for your whole operation can go up in whiff of carbon-rich smoke.

[stoodio] 08/3/2021 15:35

Thought you were going to say Dan Marino for a second :)

[martinfrench] 08/3/2021 15:29

nah, manning is great, but didnt have the arm talent of rodgers, and didnt exactly have great post season stats.

and cant forget the way he looked at the end either.

[stoodio] 08/3/2021 15:18

It was 6.4p :)

[stoodio] 08/3/2021 15:18

Manning!??? Get outta here...

[martinfrench] 08/3/2021 15:18

although if you bought in volume at 8p you might be as rich as him soon lol

[martinfrench] 08/3/2021 15:14

well you might be the goat for buying slp around 8p but tom certainly isnt the goat i'm afraid.....great qb, been in right situations, but isnt the greatest in terms of talent thats for sure. accomplished goat, yes

for that, see the guy in wisconsin :-)