REM Stream Log

Wish I didn't have so much in REM. Wouldn't mind getting a Lithium ETF.

REM's investment strategy is twofold: to increase its ownership of lithium development companies and to invest directly in lithium and to a lesser extent in rare earth projects. Tesla Motors' project to build a large-scale dedicated lithium-ion battery factory near Reno, Nevada, highlights the opportunity for the Sonora resource. Our base case valuation is for the key Sonora Lithium Project, for which REM has commissioned its own scoping study. This outlines 34.6Mtpa of run-of-mine (ROM) ore with an average output of 69.8kt of battery-grade lithium carbonate (LCE) or equivalent over a 20-year mine life; we tentatively estimate that production will start in 2017, which is based on BCN timelines. The study details capex of US$485m and a US$6,500/t LCE price and we apply a 10% discount rate to reflect general equity risk. On this basis we value REM's effective 40.06% of Sonora at 2.40p per share. Further value is geared to the value of the Magdalena Borates project 100% owned by BCN, and in which REM has an effective 14.37% interest, and REM's 30% direct interest in the Yangibana REE project in Western Australia. To download this report, please click here. All reports published by Edison are available to download free of charge from its website [link]

I suppose it is hard to sell something if you don't know how big it is

Anyone else having trouble with the LSE site this morning ?

kapow!

Nothing has really changed since the 2.4p spike.... a little dilution thats all... we should be at those levels by now.

[link] adding Lithium to water in Scotland to improve mental health

[link] Tesla Home Battery pack. Yep he's not building a MegaFactory for cars only.

So buying tonnes of shares in your own company is considered insider trading if you know something big is imminent, but buying in another you have a stake in is not?

[link] Motley Fool Article