Millennial Lithium (ML-TSX-V) - My PEA's better than yours
The compliant Preliminary Economic Assessment (PEA) on their Pastos Grandes lithium brine project in Argentina is encouraging, although they are using a fancy average lithium carbonate equivalent (LCE) price assumption of US$13,500 per tonne ($/t).For a 25,000 tonnes per annum of LCE over 25 years, with a 3 year ramp up period, the up-front cost is $410m. Using $13,500/t for LCE, they estimate an after-tax Internal Rate of Return (IRR) of 23.4% and an after-tax Net Present Value (NPV) of $607m, assuming a 10% discount rate. The tax take was 31.6%.
Acacia Mining is a holding company. Through its subsidiaries, Co. is a gold producer in Tanzania. Co.'s primary business is the mining, processing and sale of gold. In addition, Co. produces copper and silver as a co-product. Co. has three operating mines located in Tanzania: North Mara gold mine; Bulyanhulu gold mine; and Buzwagi gold mine. Co. also has a portfolio of exploration projects located across Africa.
Ariana Resources is a producer, explorer and developer focused on gold and technology-metals. As of Dec 31 2016, Co. held 50.0% of Kiziltepe and Tavsan resources, and 100.0% of Salinbas and Ardala resources.
Alexander Mining is a holding company. Through its subsidiaries, Co.'s principal activities are the commercialization of its proprietary mineral processing technologies, either through licensing to third parties and/or the acquisition of equity stakes in amenable projects.
Harvest Minerals is engaged in the exploration of tin in Brazil.
Johnson Matthey is a provider of sustainable technologies. Co. operates in five divisions: Emission Control Technologies, a manufacturer of catalysts and catalyst systems that enable clean air; Process Technologies, a supplier of catalysts, licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining and gas processing industries; Precious Metal Products, which include management, distribution, refining and recycling of precious metals, and fabricate products; Fine Chemicals, a supplier of active pharmaceutical ingredients and custom services for pharmaceutical customers; and New Business, which focuses on additional areas of potential growth.
W Resources is engaged in tungsten, copper and gold production, exploration and development through its subsidiaries, Iberian Resources Spain SL and Copper Gold Resources Plc (and its subsidiary, Iberian Resources Portugal Lda).
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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