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Really didn't expect to see #MKA back below 9p. At 8.65p, its mkt cap is £11.5m.
Its 2015 PFS projected annual EBITDA of ~$100m over two decades.
As a result of its recently expanded resource, its BFS is contemplating a mine that will have a nameplate capacity of DOUBLE... 1/9 https://twitter.com/MylesMcNulty/status/1318808535954837506
Its 2015 PFS projected annual EBITDA of ~$100m over two decades.
As a result of its recently expanded resource, its BFS is contemplating a mine that will have a nameplate capacity of DOUBLE... 1/9 https://twitter.com/MylesMcNulty/status/1318808535954837506
...that envisaged in the PFS.
Whilst REE prices have come down markedly over the 5 years since, the forecast demand (through a combo of the booming electric vehicle revolution, and the global rollout of wind turbines) is anticipated to far outstrip new supply coming online. 2/9
Whilst REE prices have come down markedly over the 5 years since, the forecast demand (through a combo of the booming electric vehicle revolution, and the global rollout of wind turbines) is anticipated to far outstrip new supply coming online. 2/9
That should give an idea of how profitable Songwe Hill could become.
Critical for #MKA, however, is its agreement with its partner that has already injected £12m into Songwe at project level for a 49% stake.
Talaxis has the option to acquire a further 26% in Songwe, by... 3/9
Critical for #MKA, however, is its agreement with its partner that has already injected £12m into Songwe at project level for a 49% stake.
Talaxis has the option to acquire a further 26% in Songwe, by... 3/9
...sourcing / providing the entire upfront capex budget for the project. The PFS indicated a figure of $216m - but that will likely increase in the BFS due to the augmentation of the mine.
Were Talaxis to stump up the capex, #MKA would have a free carry to production... 4/9
Were Talaxis to stump up the capex, #MKA would have a free carry to production... 4/9
...potentially without having to face any equity dilution from this point. It would retain a 25% in a mine that could be generating EBITDA of $100m to as much as $200m, per annum.
Moreover, #MKA has an investment with blue sky potential in the form of HyproMag - which is... 5/9
Moreover, #MKA has an investment with blue sky potential in the form of HyproMag - which is... 5/9
...focussed on REE recycling. Just bear in mind Apple's new stance: it will only be using recycled REEs in its latest iPhone. #MKA has the option to increase its investment in HM.
Besides in EVs and turbines, REEs are critical components in many military tech applications. 6/9
Besides in EVs and turbines, REEs are critical components in many military tech applications. 6/9
This makes a secure REE supply a matter of national defence - most notably for the US, given that its opposing superpower, China, has a near monopoly over REE production.
In short, high quality REE deposits, ex-China, are both strategically AND politically significant assets 7/9
In short, high quality REE deposits, ex-China, are both strategically AND politically significant assets 7/9
Investment in them worldwide has intensified in recent years.
Specifically with regards to #MKA's Songwe Hill, it seems inevitable that Talaxis will source the funding so as to control the output of the mine (Noble is a trading house, after all); or else it'll get acquired. 8/9
Specifically with regards to #MKA's Songwe Hill, it seems inevitable that Talaxis will source the funding so as to control the output of the mine (Noble is a trading house, after all); or else it'll get acquired. 8/9
#MKA also has three other 100% owned exploration licences in Malawi, including Mchinji, where a rutile and ilmenite discovery has just been made by the Co (the importance of which the market has completely missed, IMO); and Thambani, which holds a high grade uranium deposit. 9/9
