The Anglo American Endgame

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We start with the big one, discussing the latest updates on BHP-Anglo, before checking in on Liontown’s (LTR) update.
It’s off to Sierra Leone next for the latest twists and turns in the Fumble in the Jungle (SRX), and onto Boss Energy’s (BOE) opaque management departures and lastly, Ardea (ARL) who pulled in a big cheque to run a DFS for their Kalgoorlie Nickel Project.
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CHAPTERS
0:00:00 Introduction
0:01:20 How will BHP-Anglo play out?
0:28:46 Will Liontown get through construction?
0:34:32 Big twists in the Fumble in the Jungle (Sierra Rutile)
0:38:40 Why has Boss Energy's CFO left?
0:43:54 Ardea lock in Japanese consortiums for DFS
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DISCLAIMER
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.

Пікірлер: 34

@mattsumner2569 Ай бұрын

There's alot more depth to the ARL play than you've covered here guys. Current closures are all based on unsustainable models in relation to the nickel prices. The ARL HPAL plant will be able to beat the cheap Chindo operations at scale, easily. And with the western world lobbying hard to delineate dirty nickel from green nickel, it seems the highest ESG standards of ARL will almost need to become the normal operating protocol. If the best possible partners in the world SMM and MC are prepared to fork out almost $100m after doing 2 years of due diligence, it's pretty obvious the story checks out.

@damianmousley2098 Ай бұрын

Just because the MOM folk can’t understand the Sumitomo decision to JV with Ardea - doesn’t mean anything . Just shows they don’t understand 1) the tech being brought to the table for processing 2) the resource itself 3) the long term thematics for Nic/co demand 4) The geopolitical and financing benefits. I could go on…..

@mihkellokko7550 Ай бұрын

YOus should do separate episode about Ardea and there are a lot of investors who could share their knowledge. Laugh, if it's worth laughing and it's clear what is going on. I just point out some information that pops up in my mind at the moment: 1) Majority of nickel mines use old mills and technology. This HPAL plant will be the most modern in the world 2) We can't predict accurately future mineral price, but we can predict AISC which will be 6000 USD/ton. With current nickel price it's more than 3x lower AISC and would extend initial 3.2 year payback period to around 5 years. When going one on one with Indonesian mines, majority of them would go under care and maintenance. There are couple Indonesian mines that could compete with ARL in the future. And in general, there are not lot of mines that could show more than 3x lower AISC from mineral/product market price. 3) ARL in it's nickel process is going to use it's goethite ore, which is their own patent pending solution. It replaces limestone import and it's going to be the only company in the future to use this solution and keep AISC low. 4) Railroad is going straight through the mine and gaspipe line is nearby which makes it excellent location 5) Annual output is going to be higher than 30kt, because plant will be at least 4Mtpa 6) ARL in general has proven reserves of more than 500 000 kg of scandium. Scandium and REE in goongarrie hub will be byproducts and not considered in PFS. 7) Macroeconomical tensions puts ARL in favourable position. Industrial countries are in urge to secure long term mineral supply. That's why different parties are praising the project because it tightens overseas relations and won't be burden for government because of remarkably low AISC. 8) SMM sold out a deal in Indonesia last year. It's not about wether they can or can't get in. It's about ESG, secure and long-term supply chain. SMM and MC executives are one of the most brilliant minds in the world. If they are willing to do the deal, sure there is something more in the background than just capex and current nickel price. Can't say JC is desperate and they just pile money in, hoping nickel price will improve

@petertimp5416 Ай бұрын

“ it was like you never left” is an odd way of saying we didn’t miss you😂

@richarddobosz6174 Ай бұрын

The best thank you to all

@the_angry_dome Ай бұрын

Anyone have any insight on why BHP wouldn't take a run at Freeport McMoran? If they were in to copper that seems like a better pure copper play than Anglo, with a lot less baggage, with the possible exception of Grasberg in Indonesia.

@eman7282 Ай бұрын

welcome back R-I-C-A-R-D-I-N-H-O

@owenhatton9112 Ай бұрын

You forgot Los Bronces in Chile as well Anglo have 50.1% of that beast…capital gains is around 32% in Chile as well (I think it’s all changing this year) that would hurt a bit

@bobbafett7790 Ай бұрын

you guys are way more professional!!!!!!!!!! love it. keep it up.

@arjunbhattarai594 Ай бұрын

When talking about ARL, guys stammer more than utter words. Negative for nothing

@rustyb2338 Ай бұрын

LTR C1 around $650 per DMT SC6 estimated, in Sept 23 Q report. So some wiggle room. Shorters have piled in hoping for problems or weak Lit price. Around US1300 atm I think.

@reallife7375 Ай бұрын

I've heard from being in Donald last week, that ATR mine is going ahead!!......?? Talking to the caravan park owner that is trying to accommodate them!! The town was booked out!....

@reallife7375 Ай бұрын

40 year mine😏🤤🤤🤤🤤

@peterlattimore6013 Ай бұрын

Is that the ticker, ATR?

@reallife7375 Ай бұрын

@@peterlattimore6013 yep

@jamescarter9559 Ай бұрын

How about suit & tie day once a month?

@allbirdsarecats Ай бұрын

dont you go to the office enough?

@bobbiecrider6964 Ай бұрын

👍👍

@todd8856 Ай бұрын

Maybe call it Twix . . .

@FarmgateCottage Ай бұрын

the Ardea play is contrarian , feels like kissing ya hairy Aunt , very awkward but ya do it or the good xmas pressey, look at it this way they are not shipping dirt for a good while , its a build job, now if you went back in time another good while and said you where gunna dump a whole lotta capex into uranium , would it have been a good idea then ?

@damianmousley2098 Ай бұрын

Well said friend ! Precisely !

@user-gq4er4go1r Ай бұрын

Canada Nickel Company

@coreyb2522 Ай бұрын

I’m glad these guys aren’t professional, missing facts and laughing at ardea shows how pathetic their knowledge is hahaha

@MoneyofMine Ай бұрын

Let's have this conversation when it's built, operating and producing free cash flow

@coreyb2522 Ай бұрын

Well 100m isn’t pocket money so hopefully we will see

@MoneyofMine Ай бұрын

$4B capex mate

@millmll3739 Ай бұрын

Sumitomo and Mitsubishi have spent 2 years doing due diligence and then committed 98.5 million, fair enough you don’t think it’s a goer but to just flick it off and suggest they can’t read a spreadsheet makes you look 2 short of a six pack. It’s potentially a massive WA project why don’t you get Andrew on from Ardea and give it a decent run. If you only want to have conversations when projects built, operating and producing free cashflow it’s going to be pretty lame content. Thought you blokes we’re about deep dives and going ball’s deep into projects. How about you load up on the Horny Goat Weed and have another look at Ardea.

@mbrookscontact Ай бұрын

Roads and rail don't work in South Africa.. no place for bulk commodities.. put a few diamonds in your pockets.

@mbrookscontact Ай бұрын

South Africa hates BHP and the feeling is mutual.

@mbrookscontact Ай бұрын

Nifty copper is on the move fellas.. well off the 1.5 cent lows .

@mbrookscontact Ай бұрын

Manganese gemco .. bhp and s32 partners again.

@coal_man Ай бұрын

Three years of mining remaining?

@mbrookscontact Ай бұрын

woo hold the phone

@mbrookscontact Ай бұрын

Brilliant work gentlemen.. i like Glencore for the Qld mines .. woodsmith is a woke disaster.. imagine tunneling a yorkshire national park to get out some fertiliser.. blue horse shoe likes latin American copper.