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Anglesey Mining Share Chat (AYM)



Share Price: 2.50Bid: 2.25Ask: 2.75Change: 0.125 (+5.26%)Riser - Anglesey Mining
Spread: 0.50Spread as %: 22.22%Open: 2.375High: 2.50Low: 2.375Yesterday’s Close: 2.375


Share Discussion for Anglesey Mining


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calmtrader
Posts: 228
Off Topic
Opinion:No Opinion
Price:2.50
RE: Parys Metals
5 Jan '18
“Miner Nyrstar has an even more optimistic view on zinc’s future, saying China’s construction boom still has some 15 years to go, and zinc demand will grow alongside that. In general, various forecasts on zinc’s bullishness extend to the medium and long-term, until about 2025.”
 
Brentharg
Posts: 1,426
Off Topic
Opinion:No Opinion
Price:2.50
Parys Metals
5 Jan '18
The gross value of Parys Mountain's zinc, at the current $1.5422/lb has now reached half a billion quid: £504m. Adding the other five metals, she's worth £1291 gross.

The scoping study assumed $1/lb for lead (it's $1.1727), $3 for the copper ($3.2251) and $1.35 tops for the zinc.

We need the stuff out of the ground...
Divermike
Posts: 3,676
Off Topic
Opinion:No Opinion
Price:2.50
confu
5 Jan '18
Hello mate, Zinc blew past $1.54 earlier, that's way past where we need to start digging
confu
Posts: 360
Observation
Opinion:Hold
Price:2.50
??
5 Jan '18
Small drop in stocks this week, just a couple of hundred a day, to finish at 180,325. I see Kearney and Varna have been busy across the pond arranging a small placement (2 Mil) for Buchans in NFL. That confirms they are alive and well should be getting something underway here in the next few weeks.
Divermike
Posts: 3,676
Off Topic
Opinion:No Opinion
Price:2.50
?
4 Jan '18
Well zinc could be on a historical high soon, it just passed $1.535 and we are still sat here waiting, why doesn't Bill use more monosyllabic words like "Now" instead of multisyllabic words like "Imminently" ?
Jonesy80
Posts: 66
Off Topic
Opinion:No Opinion
Price:2.50
RE: Parys Metals
4 Jan '18
Brent,
With regard to new blood, I would have thought Bill should have conducted the interviews already, advising them of the start dates so they could hand their notice in with their present employer in good time.
Re finance, I think that Buchans cash may still have something to do with the way forward along with Juno.
Brentharg
Posts: 1,426
Off Topic
Opinion:No Opinion
Price:2.50
Parys Metals
4 Jan '18
Now worth a gross £1290m, £10m more than yesterday's gross value. Given that extraction costs are a constant, I reckon that any such rise in the gross value of the metals must add to the NPV although not pound-for-pound.

In September a poster called Southwesterner, a mining engineer I believe, made some well-informed comments. If you're still around, SW, please let us know your thoughts.

The delay in raising the extra capital for the FS is concerning. Less so, IMO, the delay in introducting of fresh blood. Good people can't be conjured up with a snap of the fingers and even when found usually have to honour notice periods to their old employer.
Brentharg
Posts: 1,426
Off Topic
Opinion:No Opinion
Price:2.50
Parys Metals
3 Jan '18
The five metals in the Parys Mountain mine are at a new record of £1280m - gross value before the various costs and extraction rates etc. Of this, £495m is zinc, $409m copper, £196m lead, £92m gold, £87m silver. This includes both indicated resources from the drilling programme and inferred.

September's scoping study assumed zinc prices of either $1.25 or $1.35/lb, the more optimistic of those yielding an NPV of $53m (Net Present Value includes cashflow discounting, in this case at 8%pa; jam tomorrow is less valuable than jam today.)

Today's metal prices make the project more attractive still.
Chaingnam
Posts: 95
Off Topic
Opinion:No Opinion
Price:2.50
Need
3 Jan '18
To start development of the mine..how much are they sitting on now..?...develop it or sell it
robfullam
Posts: 23
Off Topic
Opinion:No Opinion
Price:2.50
Zinc
3 Jan '18
Zinc is now trading at $3377/t it's highest level in over 10 years (July 2007)




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