RE:???ELEF it's not just a silver player today.
if you invest in til mid January you will get ELEF ( silver) with 4 SpinCo ( nickel, vanadium, 2 stream) shares
currently ELEF has mc of $67 million.
After spinout ( Jan11-court approval, short after - record date, and Jan 14- effective date) you have to deduct $35 milliom related to Flying Nickel ( SpinCo1), about $30 million related to Nevada Vanadium ( SpinCo 2) and about $40 million to Battery Royalties ( SpinCo3)
and cherry on top ELEF has coal assets in Mongolia (M&I 200 million tons, prior spent $65million) with a possible spinout anytime in 2022, resume of production, off-take and export to China.
It means after spinout ELEF as a silver explorer with M&I 204 million oz. AgEq will be MINUS $35 million market cap, lol.
If you apply the current $67 million to ELEFonly ( direct peers ABRA-$190 million, ELO $254 million, $VZLA-$440 million, NUAG-$640 million) you will get with 3 SpinCo about 0,26 "dividends" to the current price of ELEF (0,285)
After spinout and 10-1 consolidation ELEF will have 26M shares @price >$3 USD and thus wiped clean again for a re-investement by Sprott&Co at possible IPO at NYSE Amex in 2022
Pending drill results from Bolivia that supposedly have hit a new vein, atticipated DEIS and PFS by end 2022 would support further de-risking & advancement of the project.
Spinco projects ( vanadium and nickel) will also expect big catalysts in q1,22 associated with evironmental and construction permit in Nevada, USA and Manitoba, Canada. as well as other ecxiting events (project financing etc).
Compering with their peers upside potential is huge:
- Nevada Vanadium: construction permit within 3 months, $40million prior spent, 350million pounds vanadium, open pit heap leach, IRR 25% after tax, capex $147million, annual forecast production 10million pounds. Largo produces 20million pounds in Brazil at similar cost, Largo market cap $800 million
- Flying Nickel: construction permit within 3 months, $40million prior spent, 1billion pounds nickel @0.74%, open pit. annual forecast production 20million pounds. valuation: Dumont price tag $1billion, Canada Nickel $270million, and Noront in a BHP-Wyloo bidding war @ $365million.
I think 2022 will be very exciting year for ELEF shareholders....
Enjoy