QIS Update #2 - 2019 - Deer Horn Capital quotes future global demand forecast for Tellurium - February 1st 2019
Included in this update:
- New promotional video for Deer Horn Capital
- Deer Horn Capital quotes future global demand forecast for Tellurium
QIS Capital hosted a conference call with Deer Horn Capital management on January 22, 2019. Thank you to all of those who participated. Mr. Docherty, President of Deer Horn Capital discussed the company's properties, the updated Preliminary Economic Assessment (PEA), and the outlook for demand for tellurium, gold, and silver. Since this call, Deer Horn's shares have risen over 50% in value rewarding those who were able to pick up shares after the conference call.
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Deer Horn Capital Inc. (DHC:CSE)
Current Price: $0.30 (coverage commenced April 10/18 - $0.17)
Deer Horn Capital's President and CEO, Tyrone Docherty, is Interviewed by David Morgan, Publisher of the Morgan Report - Video Available on Investmentpitch.com
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THIN FILM, CDTE SOLAR PANEL VALUE FORECAST TO HIT $30 BILLION BY 2024
Deer Horn Capital Inc. expects the market for thin-film solar panels to grow from a current value of $8-billion (U.S.) to over $30-billion (U.S.) by 2024, according to a research study by Global Market Insights Inc. This rapid deployment of thin-film technology is also forecast to generate steady growth in the demand for tellurium, as thin-film manufacturing consumes approximately 40 per cent of the world's tellurium supply.
Thin-film panels are used primarily in commercial-scale and utility-scale installations, such as solar panel farms, large corporate installations, and schools and universities. Such larger projects are generally better served by thin film's advantages of lower costs, lighter weight, versatility and easier installation.
Today, the most preferred material for thin-film solar is cadmium telluride (CdTe), which represents the second-most-utilized solar cell material in the world, behind silicon. Some of the world's largest solar power installations employ CdTe modules, partly for their physical advantages, but also for environmental considerations. According to industry studies, CdTe offers the smallest carbon footprint, lowest water use and shortest energy payback time of all solar technologies.
As deployment of CdTe thin-film photovoltaics grows, governments and industry have expressed concerns about the supply of tellurium to meet future demand. Most of the world's tellurium comes from copper refining. However, the United States Geological Survey (USGS) has noted that, due to declining copper grades worldwide: "New copper recovery processes ... are being considered for implementation, but these methods do not recover tellurium. As a result, alternative sources for this critical element must be considered."
In addition to thin-film solar technology, growth in tellurium demand is expected to come from emerging technologies, such as phase-change memory, next-generation batteries and tellurium nanoparticles used in water desalination.
In its exhaustive, 862-page report titled, "Critical Minerals Resources of the United States -- Economic and Environmental Geology and Prospects for Future Supply," published in 2017, the USGS noted that epithermal vein deposits with tellurium may offer a viable alternative for future tellurium needs. The report added, "The Deer Horn intermediate sulphidation epithermal deposit in west-central British Columbia, Canada, contains high gold and silver grades with abundant base metal sulphides and telluride minerals."
Deer Horn is unique amongst mineral exploration firms, as it is exploring and developing the only known tellurium property with a National Instrument 43-101-compliant silver-gold-tellurium resource.
Deer Horn Capital's recent preliminary economic assessment (PEA) for gold, silver and tellurium production at the Deer Horn property outlined a small mine operation to extract the metals economically over a nine-year mine life, based on a small portion of the known mineralized extent.
"Our intent with the Deer Horn property is to generate a small footprint, but a big impression," commented Tyrone Docherty, Deer Horn's president and chief executive officer. "We are working under a strategy of putting the mine into production initially on a small scale, engaging and working closely with local first nations. Considering the PEA's forecast post-tax IRR [internal rate of return] of 42 per cent and rapid payback of 1.6 years, we believe we can use project-generated cash and intelligence to explore and scale up the operation slowly and responsibly. The PEA confirms that the mineralization is open to the east and west, and also at depth."
Details of the Deer Horn gold-silver-tellurium PEA can be accessed at the company's website.
"Our plans for 2019 are to complete the recommended phase 1 work to advance the Deer Horn property to prefeasibility," added Mr. Docherty. "This would include additional mapping and exploration drilling.
"Due to Deer Horn's first-mover status for tellurium exploration, we've been contacted by companies with other tellurium properties in North America, as well as by tellurium end-users. We are looking seriously at other acquisitions to expand our tellurium portfolio."