Michael Langford

Fundamental & highest returning commodity equity investor (no leverage) globally 2002-2018. Busy making money & loving life. DYOR. Zero tolerance for trolling.

[Michael Langford @ML_SuperNinja]

#AVZ a new chapter

$Huayou invested at 7c a share, 13 mths later:

1. Metallurgy = tech grade +
2. 6.3% conc. with little effort
3. Drilling confirmation
4. Site visits
5. Worlds longest #lithium intercepts
6. Road fully funded & underway
7. JORC imminent & Scoping Study soon

[Michael Langford @ML_SuperNinja]

@PilbaraMinerals @AlturaMining @KidmanResources @GalaxyLithium And a final word.....

[Michael Langford @ML_SuperNinja]

Can it be any more obvious?

[Michael Langford @ML_SuperNinja]

@PilbaraMinerals @AlturaMining @KidmanResources @GalaxyLithium And again.....

[Michael Langford @ML_SuperNinja]

@PilbaraMinerals @AlturaMining @KidmanResources @GalaxyLithium And again...

[Michael Langford @ML_SuperNinja]

@PilbaraMinerals @AlturaMining @KidmanResources @GalaxyLithium Another thousand words...

[Michael Langford @ML_SuperNinja]

@PilbaraMinerals @AlturaMining @KidmanResources @GalaxyLithium A picture tells a thousand words....

[Michael Langford @ML_SuperNinja]

Reliance on Congo Cobalt Grows Despite European Discoveries....

“Ultimately, there will be no lithium-ion industry without DRC cobalt.”

Symbiotic....

https://t.co/QTsZidDIJ7

[Michael Langford @ML_SuperNinja]

Overestimating Supply & Underestimating Demand

Investment Banks (MS) continue to overestimate how fast supply comes online

$PLS 6-9 mths commissioning & $AJM further behind

#DSO (dirt) has had no impact

Mature #lithium mines like $GXY seeing falling prod'n & higher costs

[Michael Langford @ML_SuperNinja]

#Lithium Hardrock vs Brine

Hardrock & Brine both have a place in lithium prod'n

But Hardrock has many advantages

Thick seams are often sought but seldom found....except maybe in DRC....

My view 18 mths ago:

https://t.co/fCPlUW24Z9

Supporting views:

https://t.co/4MkLtygoQh

[Michael Langford @ML_SuperNinja]

Not all #Lithium resources are equal...

Some show a very low measured number. Or no measured at all...

Sorting the men from boys will be very easy in no time at all...

Data as at 19 June 2018. All publically available.

[Michael Langford @ML_SuperNinja]

Key Thematics for EVs:

1. Reduce Reliance on Oil

2. Employment

3. Reduce Pollution

#China attacking energy imports is part of longer term strategy for vehicle #electrification. Good for #Lithium demand.

https://t.co/wgtm6jtdwi

[Michael Langford @ML_SuperNinja]

Mining Investment Climate

#China corporates have funds & capability to make investments vs peers. Their focus is major investments in DRC mines & infrastructure, USD2.65BN Tenke & Ivanhoe USD500M & USD285M road to Manono.

https://t.co/jlqnDHz6xH

[Michael Langford @ML_SuperNinja]

Breaking news: More restrictions for Chilean #lithium producers $ALB & $SQM

Adds value to lithium companies in Australia, DRC, etc as Chile adds more oversight & control to current & future production.

https://t.co/E1J0YkiG2I

[Michael Langford @ML_SuperNinja]

#Lithium demand growing exponentially due to #EV sales + usage in next gen of 300Mw/kg #batteries.

It means that an EV cruising range can reach 470km vs current 200km.

Tesla already at up to 500km given larger battery size = greater lithium use.

https://t.co/frQsiPyykf

[Michael Langford @ML_SuperNinja]

#DRC Mining Code change no impact to new projects progressing.

Royalties in DRC are still low after recent increase.

Charges will still be lower than those paid in Australia.

#lithium #copper #zinc

https://t.co/PWRympJTJD

[Michael Langford @ML_SuperNinja]

#DRC to Start USD13.9 Billion Hydropower Project in 2018

Initial Inga 3 hydropower 11,000MW project bids in. Will produce 50,000MW+ when complete. Cheaper & more than all of Australian power gen combined.

https://t.co/mK3dc0FJ64

[Michael Langford @ML_SuperNinja]

#DRC USD6 billion minerals for infrastructure #China deal.

#Sinohydro & China Railway Group USD660 million hydroelectric plant in Sth East DRC. Built to reduce copper-mining region's power deficit. Derisks DRC mining projects.

https://t.co/86mSwBvqBX