mark2017's Commodities to Watch

This is a discussion on mark2017's Commodities to Watch within the Daily Analysis forums, part of the Commercial category; Galaxy Resources. Galaxy Resources Limited is a global lithium company listed on the Australian Securities Exchange (ASX Code: GXY). Undervalued, ...

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Old Jan 26, 2017, 6:18pm   #1
Joined Jan 2017
mark2017's Commodities to Watch

Galaxy Resources.
Galaxy Resources Limited is a global lithium company listed on the Australian Securities Exchange (ASX Code: GXY).
Undervalued, Price/eps 11x
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Neometals Ltd (ASX: NMT, OTC: RDRUY) is a Western Australian minerals project developer. Neometals' projects include:

Mount Marion Lithium Operation
High-grade lithium project located 35km south west of Kalgoorlie in JV with Mineral Resources Limited (ASX: MIN) and one of China's largest lithium producers Jiangxi Ganfeng Lithium Co., Ltd (NMT 13.8% | MIN 43.1% | Ganfeng 43.1%).

Kalgoorlie Lithium Hydroxide Facility
Neometals and Mineral Resources have signed an MoU to investigate the production of a high purity lithium hydroxide chemical for sale to the cathode industry for use in the production of lithium batteries. The lithium hydroxide plant is expected to be located near the mine in Kalgoorlie.

ELi Process
Neometals is planning to capitalise on growth in the energy storage market by commercialising its proprietary process for producing high purity LiOH. The process route shows potential to operate at lowest quartile costs for LiOH.

Alphamet's (a subsidiary of Neometals Ltd) "Neomet Process" is an energy efficient and environmentally friendly proprietary process designed to effectively extract valuable metals for a wide spectrum of base, light and precious metal oxides and sulphides, intermediates and waste feeds.

The Barrambie deposit is one of the world's highest grade hard rock titanium deposits. Neometals is currently investigating the potential to use a proprietary acid leach process to produce high purity TiO2, V2O5 and Fe2O3.

Price/eps 2,5 x
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Price Lithium

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Old Jan 26, 2017, 8:52pm   #2
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mark2017 started this thread Galaxy Resources starts 24-hour production at Mt Cattlin Lithium Project
07:30 08 Dec 2016
Galaxy Resources (ASX:GXY) has commenced 24-hour production at the Mt Cattlin Lithium Project in Ravensthorpe, Western Australia.
Galaxy Resources starts 24-hour production at Mt Cattlin Lithium Project
Galaxy Resources starts 24-hour production at Mt Cattlin Lithium Project
The company is aiming to produce 5.5% lithium concentrate grade with less than 5% mica concentration.

To date, Galaxy’s product remains on specification for mica concentration, while consistently achieving lithium grades in excess of 5.5%.

This follows the redesign of the processing facility to reduce mica content and the additional concentration to increase the final product grade.

Galaxy began trucking the Mt Cattlin product to the Esperance Port on 5 December 2016.

Over the coming weeks, short term production tests will continue with scheduled maintenance shutdowns to ensure that reliability is sustained through the continued ramp-up.

Part of these short-term production tests are the planned process tests to improve the final concentrate grade to 6%.

Galaxy had restarted lithium and tantalum mining and processing operations at the Mt Cattlin mine in Q1 2016.

In July 2016, it was decided to upgrade the annual throughput of Mt Cattlin from 800,000 tonnes per annum to 1.6 million tonnes per annum of lithium concentrate production.

This decision is expected to deliver substantial operational efficiency and greater capacity to meet the current demand for lithium from the Chinese market.

In September, Galaxy took full management control of the Mt Cattlin project, following the takeover of General Mining Corp (ASX:GMM).
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Old Jan 27, 2017, 1:13pm   #3
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mark2017 started this thread Galaxy Resources stocks soar in lithium boom
In mid-December, it announced it had agreed to sell 120,000 tonnes of lithium concentrate it expects to produce in 2017 at a price of up to $US905 ($1250) a tonne. To put that into context, Morgan Stanley analyst Brendan Fitzpatrick had been modelling an average lithium concentrate sale price for 2017 of $US550 a tonne.

They also shape up to be particularly profitable. Hartleys analyst Trent Barnett has Galaxy generating more than $180 million in net profit over 2017 and 2018 *calendar years, while Canaccord Genuity’s Reg Spencer forecasts $200m in free cash flow over the same timeframe.
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Old Jan 27, 2017, 6:27pm   #4
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mark2017 started this thread Neometals Limited (ASX:NMT) is a project developer based in Western Australia. So we have globally significant resources of lithium and titanium. What we try to do is to bring good human and financial capital to those businesses, a processing technology that can lead to lower Opex and Capex. And attract big partners in to execute our projects. We’re happy taking risk with the drill bit or in the test lab, but when it comes to the execution of monetisation, we try to bring in very strong partners. And we’ve done that certainly with the lithium project and we look to do that with the titanium project.

Mt Marion lithium project is located about 40 kilometres southwest of Kalgoorlie, in Western Australia. It currently has a JORC compliant resource of 78.8 million tonnes at 1.37 per cent lithium oxide. So we are currently commissioning the project with first exports planned for this month. We have an MoU with Mineral Resources Limited (ASX:MIN) for a downstream lithium processing plant, which we plan to locate close to Mt Marion near Kalgoorlie. We are in a stage of doing, planning a frontend engineering design. We hope to have that ready for a final investment decision in the third quarter of next year.
The Barrambie titanium project is located about 65 kilometres southeast of Meekatharra. It has a resource of about 48 million tonnes of TiO2, grading about 20 per cent TiO2. At this stage, we’ve completed a prefeasibility study on that and we’re now in the optimisation phase, before starting a DFS hopefully towards the end of next year. The technology that we are using for the Barrambie project, we’ve licensed from some Canadians. We have the exclusive rights to that. We are going to commercialise that technology with the aid of Sedgman, the engineers. So basically, Sedgman are going to introduce the technology to their clients and they get a point of the exclusive EPC Engineer, for the technology.

The company is in excellent financial shape. As of 30th September, we had about $65 million in cash on the balance sheet and listed investments of about $11 million. No debt, and cash flow commencing from the Mt Marion project, hopefully early next year. So certainly in 12 months from now, we’d like to be included in the ASX 300. That would be one of my short-term targets, to have Mt Marion operating at steady state production and looking at potentially an expansion. The longer-term horizon, we’d like to have a market cap of over $1 billion, to continue to share the money that we make with our shareholders, which is one of our important values.
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Old Jan 28, 2017, 6:02pm   #5
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mark2017 started this thread Lithium Australia

Latest ASX announcements
27 January 2017 – Lithium Australia geophysics defines lithium/tantalum pegmatites at Lake Johnston Western Australia in collaboration with Poseidon Nickel Ltd (ASX:POS) and Lefroy Exploration Ltd (ASX:LEX) 5 pages (1Mb)

23 January 2017 – Appendix 3B 13 pages (922Kb)

17 January 2017 – LIT produces battery grade lithium carbonate 2 pages (500Kb)

16 January 2017 – LIT advances recycling plans 2 pages (334Kb)

13 January 2017 – LIT advises update on Electra lithium project in Mexcio 2 pages (577Kb)

30 December 2016 – Trademark Application for LieNa™ has been accepted for registration 1 page (414Kb)

28 December 2016 – Airborne magnetic and radiometric survey results on LEX Lake Johnston area 2 pages (1Mb)

Lithium Australia NL takes advantage of data to identify lithium
09:30 27 Jan 2017
Lithium Australia NL (ASX:LIT) has used newly acquired airborne geophysics data to identify known and possibly buried lithium-tantalum bearing pegmatites at the Mt Day and Lake Johnston projects, located 420 kilometres east of Perth.
Lithium Australia NL takes advantage of data to identify lithium
Based on the new 50 metre line spaced data, the majority of the known lithium-tantalum bearing pegmatites are coincidental with ring-like, potassium radiometric anomalies.

Pegmatite outcrops defined through satellite imagery interpretation and field reconnaissance, confirm that many of the pegmatite outcrops are circular in outcrop and are possibly related to late-stage ring fractures.

It is further interpreted that the low to moderate amplitude potassium anomalies without any rock expression are related to shallowly buried pegmatites.

Adrian Griffin, managing director, commented: “Lithium Australia continues to develop its outstanding lithium exploration projects to ensure an accessible pipeline of potential lithium feed.

“We are encouraged by these initial Lake Johnston survey results and are pleased with our collaboration with Poseidon and Lefroy.”

The survey was completed in collaboration with neighbouring tenement holders Poseidon Nickel (ASX:POS) and Lefroy Exploration (ASX:LEX), who also hold some nickel and gold rights in the area.

Lithium Australia shares are trading up 40% over the past month, currently priced at $0.19.

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Old Jan 28, 2017, 6:07pm   #6
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mark2017 started this thread Lithium Prices Set To Jump As Tesla Doubles Global Battery Production

By Nick Cunningham - Jan 06, 2017

Tesla fired up the gigafactory in the first week of 2017, which could mark a turning point for the energy storage industry.

The gigafactory in Nevada will begin mass production of lithium-ion batteries for the use in both Tesla’s Model 3 electric vehicle as well as its energy storage systems. Tesla, and its partner in the gigafactory, Panasonic, plan on hiring 4,000 people to work at the factory in 2017. By 2018, Tesla predicts that it will be churning out 35 gigawatts of lithium-ion batteries per ear, equivalent to what the rest of the world produces combined. In other words, this single factory will lead to a doubling of global battery production capacity next year.
Tesla has been notorious for missing deadlines, but has impressed the market in recent months. It delivered a 20 megawatt energy storage system for a California utility in just a few months, a project that would have normally taken years. It has also accelerated plans for the gigafactory, hiring people well ahead of schedule and promising to ramp up output years earlier than originally planned. “We believe Tesla battery sales are accelerating," Baird analyst Ben Kallo, told Bloomberg. “The ramp of Tesla Energy and Model 3 production could exceed expectations.” Baird has rated Tesla as one of the best stocks of 2017.
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Old Jan 28, 2017, 6:21pm   #7
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mark2017 started this thread Galaxy Resources waves off first lithium shipment from Mt Cattlin mine
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Old Jan 29, 2017, 5:39pm   #8
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mark2017 started this thread Goldman Calls Lithium The New Gasoline: Galaxy Resources Is A Buy-On-Weakness Play
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