Hier hat ein user im hotcopper forum das mit den 13% an Mt Marion mal näher erklärt. Also, vorausgesetzt das stimmt so alles, was ich glaube, dann hat NMT ein paar ziemlich gute Deals gemacht:
NMT currently have 26.9% share in Mt Marion. MIN has a call option to an additional 13.1% of the Mt Marion project. This has to be executed by qtr 4 2016. MIN also has the rights to sell down their existing interest back to NMT. So NMT will end up with anywhere from 13.8% to 34.14% depending on what MIN decide to do.
Even if MIN do acquire another 13.1% of Mt Marion and take NMTs share down to 13.8%, NMT would have made approx. $99m from Mt Marion without any spodumene being exported out of Mt Marion yet. Not bad in my books. Also NMT/MINs deal with Ganfeng states that after 3 years, NMT/MIN have the rights to 51% of spodumene produced at Mt Marion NMT 70%/MIN 30% no matter what NMTs % ends up being. This is a fantastic deal for NMT/MIN as they will use it in their low cost patented lithium hydroxide plant ELi (DFS out next month) to produce battery grade lithium hydroxide from hard rock spodumene. Lithium hydroxide is the preferred product by battery makers over lithium carbonate to produce batteries as lithium hydroxide batteries perform better in more energy intensive applications than lithium carbonate batteries.
But lets talk about what some people seem to worry about NMTs share in Mt Marion if it does go as low as 13.8% and compare it to say GXY/GMMs Mt Cattlin plant. Mt Marion which will host the worlds largest hard rock lithium concentrator will produce about 35000 tonnes of lithium carbonate per year. So NMTs 13.8% share would be about 4830 tonnes of lithium carbonate. Mt Cattlin will produce about 13000 tonnes of lithium carbonate a year so since GMM and GXY both have a 50% share, that makes about 6500 tonnes each of lithium carbonate a year. So GXY/GMM with each only have 1670 tonnes of lithium carbonate more per year than NMT. But remember NMT will have already made approx. $99m from selling off some equity of Mt Marion so these two companies have a lot of catching up to do especially with GXYs approx. $30m debt. And by 2017/2018, NMT/MIN will start processing from their lithium hydroxide plant which once fully producing, will make more $$$ per year than both GXY and GMMs share of Mt Cattlin combined which GXYs Anthony Tse has stated will make about $40m per year. According to NMTs ELi lithium hydroxide plants PFS, their plant will make about $63m per year. This will probably end up being more when the DFS comes out next month as lithium hydroxide prices have increased substantially since NMT released their PFS for their lithium hydroxide plant. This is where the money is in lithium. Hydroxide, not hard rock spodumene. NMT have had their sights on this since the beginning and is why they have chosen to sell off most the equity in Mt Marion because in the long run will make a lot more money off lithium hydroxide than hard rock spodumene.
So yeah I wouldn't worry about what other people on other forums say about NMT as all it does is show they have no idea what they are talking about and need to do more research themselves on NMT.
Also I would just like to say that I do think GXY, GMM and NMT will all do well. Any company that reaches production and starts making a profit is a good company to invest in in my books. I just wanted to show why NMT sold off so much equity in Mt Marion to be able to get to where they are today and to where they are going with it. Remember they only paid $1.5m for Mt Marion |
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