After what occurred prior, I'm not predicting where we could end up with the sp. Naturally, I want to see my 51.6p average reached, and in truth, I'd be reasonably happy to get three quarters of my investment money back. That's the minimum I'd be reasonably happy with, but due to there currently being many questions regarding the costings for everything and metals prices not yet moving skyward, I feel it's too difficult to come up with an sp figure for total value. We no doubt have massive potential, as you say Jer, what's the mine really worth? So at least we do have the chance of achieving great things. Timed to coincide with rising metals prices too hopefully, then most, if not all of us, can be pleased that we chose to stick with it.
I'm taking each piece of news as it comes nowadays, but to date under AB, it's so far, so good.
Shows the massive potential of this company. I'm a long term holder caught out by Masoud's incompetence and took a serious financial hit; however, still confident I will see a nice profit. Expecting nice steady rise, followed by massive re-rate on Zema news then again at Pilot plant production followed by full scale production and then company sale to a major.
Got to be looking conservatively at a 20 bagger from the current Mkt Cap...
Has always been a slight mystery - at least to those who weren't subscribed to the Slime Dump Google Group mine information pack, who are presumably more familiar with what exactly may be down there. So I'm wondering what are the prospects for further exploration and development there in the near to medium term?
I deleted all my saved broker reports on BMR while we were suspended, thinking the worst. All I can remember is that the mine may contain something like 1.4 million tonnes of ore - not sure of the grade - and I recently read that the sulphide ores are all worked out leaving silicate ore - are theses more difficult to process?
I hear the mine is flooded, will this be a problem? To what depth do the mines go? Is there further exploration potential or was it pretty much all scoped out before it got closed down? Presumably the water will have to be pumped out before any more assets can be proved up there? I see CRND in S. Africa spent several million $$$ on two pumps to dewater their mine to a depth of about 450m so it may be possible in our case also.
My breakeven is about the same - around 30p. I'd like to think we could at least get to Vapes's old 5p = 50p but I don't have a target price as such. Things will depend on how the wider global economy and future commodity outlook is, as well as how my other investments perform.
My overall aim is to recoup all my losses over the last 5 years of commodity price slump and AIM corruption, and get the hell out relatively unscathed - I chose the worst time to invest. At worst I have been 85% down on my p/f but am currently about 60% down.
Even 50p means a Mcap of £65m so we'd need to be in steady profitable production with maybe one or two other irons in the fire - perhaps the metals prices will have recovered a bit and the Kabwe mine will be touted around for the big boys to consider buying into? Any sudden deal (or sale) mentioned there may have the potential to add an extra zero to the s/p from these levels.
"Even with the rally in prices over the past year, zinc is more than 50 percent below its record in 2006, which has discouraged spending on new mines."..... “Current prices don’t allow us to develop the projects that we have”
That was back in April 2015 with zinc at $2200/tonne v. $1830 now. So at which price will they decide it is profitable to start ramping up production again? Will they cut back until there's a 40%-50% rise?
(BTW if zinc and lead mines are slow tracked or mothballed, that can only shrink the silver supply as most of that is produced as a by product of the two other metals - get stashing those silver bullion bars! Or buy Silver Wheaton) ;-)
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