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is the only part missing now from this success story, oh and of course a representative share price. That will come. I think some moaners and whingers sold yesterday. I fail to see how some cannot see what is happening here. Emed are coming of age.
The plant they are using has a tag of 5 mtpa so yes they are in production to that amount. They were freely telling shareholders in correspondence that they will announce production only when it is commercial. There is ground to be gained on grade and recovery moving forward but what they make is saleable.
Lavendaira says that production has started. Now focusing on expansion. Ok they have not achieved concentrate levels yet (but that was expected) and are now fine tuning process. But we are at production. So are we at 5mt capacity? The h12016 is for 7.5mt target , and 9mt (subject to finance) end 2016. But it seems to me we are ready to shift copper (once concentrate is achieved)
Why buy today when it was old news dated back to July. Tmoro back to normal wait for the dip down to 3.62 again
Fair point fella lol ....ive assumed there haven't I ? But maybe that explains why u are called Tracey lied on here perhaps ur really 47 either way it was a good post mate -
Having a great day today. Showing plenty of resilience not just intraday now.
Sorry, that should be DEREK F.E.
DERK1968, Lucky punter, its all the same to me. F.E.
Is your name actually Catching pigeons. No so why would my name be Derek and my year of birth be 1968.
I'm surprised they didn't slip something in there along the lines of 'to enable our further expansion we will be issuing another 2 billion shares' to f**k us over even more LOL.
Mixed thoughts there today pleased with an official update as it was desperately needed - and probably needed in this format in that it didn't tell us anything we didn't know but lots of plusses around the progress on site and infrastructure development which may not be game changing but absolutely critical to get spot on - I certainly didn't get the impression the PR team had much impact on this one as if they did I don't understand why there wasn't any bullish comments on the open pit drilling and exploration data they have undertaken already or as to why they couldn't give us an update on the concentrate progress -which I believe was first produced end of July and which has now had a further month of testing in the meantime - What I do think is -that the last post copied by Mr O by Derek 68 (btw how does that make u 44 fella ) does give us some proper perspective as to why we are all invested here and one can only hope now that this operations update has been issued - the PR team now get their fingers well and truly out sharpish and get the positive news rolling at long last - its bloody unbelievable - the interim resource statement where is it ffs ? It drives u absolutely potty it's so frustrating ... and look I know it's all about the end game but ......10p ? Exactly
You would like to think so but nothing would suprise me with this share. I have an open mind and always try not to make other posters think i have information that i simply do not have. F.E
This will turn round really quickly once emed are in commercial production and making a profit. Certainly won't take 10 years.
still waiting to buy back, looking for a range of 3.55 or 3.65
weird price action positive RNS, and there is a seller does the company know ? and trying to promote buying or could be our advisors selling , as that could be how they are paid
Another 6%+ drop. Another buying opportunity LOL, if you have any money left to invest for another 10 years.!!!!!!!!!!!!!! F.E.
plasbury on ADfn quoting Derek from iii: ......... Plasybryn 1 Sep'15 - 19:05 - 52793 of 52814 4 3 Hope DEREK doesn't mind but this is his excellent post from iii ***************************************************************** The LOM C3 all in costs are $1.73 lb according to the technical report completed by Behre Dolbear in February 2013. However that was the same report that estimated the capital restart costs to 5 mtpa at double the cost they have just restarted the plant at. Since 2013 there have been some significant events. The Oil price has been slashed, the exchange rate has become extremely favourable, wholesale electric prices in Spain have reduced. The company have delivered an enhanced production to 7.5 mtpa for the cost of 5 mtpa. An extension to the LOM from drilling that will be incorporated into a new cost estimate to be produced within 45 days of the drill results/resource update. With improved economy of scale a predicted extension to LOM and actual physical savings in fuel, wages and Euro sourced materials. Lets say conservatively at 7.5 mtpa throughput produces 30000 tons of copper in concentrate. If the LOM C3 costs come down to $1.60 a lb which is really extremely conservative then we can look at $1800 a ton clear profit at the current depressed Copper price the profit is £35m or so a year. It really takes very little to turn £35m into £70m at 7.5 mtpa..... just a $7000 a ton Copper price. The estimated most economic capacity is between 9 and 10 mtpa and the aim is to be there this time next year, we can expect close to 40000 tons a year on that which at todays depressed Copper price produces £46m or so a year profit. At $7000 a ton we can expect £92m a year profit. Of course the Copper price is more like $5000 than $7000 but it is quite achievable in the mid to long term in globally better times. Once 9-10 mtpa is reached the company will need to do something to dispose of all of that profit and that is when the dividend payments will start. Do not expect them before the end of next year but when they start they will be substantial; PRT is a cash cow. My 3-5 year goal is still 20p in share price and dividends.
... Everything progressing ... But is this the environment for copper investors ... That's the problem. Institutions will only look once they see a profit .
Were the 1m sold or bought. If they were sold then i am suprised that someone would dump these shares at this price. F.E.
They have told us NOTHING of note!!!!
Nice to see things get going at last very good RNS today.
1m at 3.75p
Zambia copper destroyed
Deedee nice post, thx. ------ WSJ on copper , shorters covering http://www.wsj.com/articles/copper-prices-resume-slide-as-china-worries-return-1440765175
Could be masquerading as a woman on 88e. Don't believe me, I'm full of it. Big x