Ocean Minerals
topic on 1 show · 6 statements across 1 episodes · said 2 times in 1 episodes since 2025
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Catalyst 2
2025 2 mentions in 1 episode
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6 statements about Ocean Minerals, every show
Smit: Manganese ensures Ocean Minerals' profitability despite cobalt and nickel price crashes
“With the recent crash of the cobalt price and nickel For all sorts of reasons, and that's the topic for a whole different discussion, but particularly those two metals with the depression on their prices, our project remains profitable, and the reason it's pro…”
Smit: Ocean Minerals project will yield ~$500M annual free cash flow
“The mining system CAPEX is around five hundred million dollars you know, the processing plant probably around two billion dollars but what,
For that investment, do you get in return for your project? So, you know, our project is in anywhere between three and f…”
Smit: Land-based mines require 4x to 8x the tonnage of seabed nodules
“The other thing to consider is that we are bringing up one ton of material, and in that one ton of material, we are producing the same amount of metal
As you would need to have anywhere between three and five land-based mines. So for them to get the same amoun…”
Smit: Ocean mining avoids expensive land-based mine infrastructure costs
“We don't have all the big capital costs of infrastructure, power lines, roads, rails,
Dams, et cetera, which means the cost of capital for us is going to be lower. You know, we are going to spend less money building a ship to go mining than what you will do pe…”
Smit: Cook Islands seabed nodules contain rare earth elements
“In the case of the Cook Islands nodules, rare earths as well, which is another thing everybody's hot about.”
Smit: Ocean Minerals avoids U.S. waters due to weak investor legal protections
“We, as a company, for example, are not inclined to explore in, ah, US territorial waters, ah, because our investors are not given the kind of Assurances and rights that we would get in other areas that would allow us to get a return on an investment if we were…”