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I certainly can do so later on tonight Dark Energy. I will work the cost per tonne of each mine.
$25/tonne at the impala mine I'm sure I read there.
Oh and you were to early, I joined the ridicule club already
Flanks and whole 40moz I mean* Takes us to near 600Mt,
Indicated plus inferred at your place is only 300Mt, the grade is twice as good but its twice the cost to extract.
So eua is twice as good on best case economics before you add in strikes and power cuts
Tiger by the tail, its an 8.4year pay back time for initial mine cost at October's spot metal prices. 11years if you use the trailing 3 year prices.
Rhodium is only 1.5% of the metal.
I take it droughts or electricity disruptions aren't a worry?
The project has a cut off of 2g/t. Metal grades of 4g/t of the pgm's so there is plenty down there.
Its over a kilometer deep.
Eua will be profitable year 3. With the flanks, MT is potentially larger than this south African mine. Eua have no debt.
Can i please ask which asylum you are on day release or escaped from?
South Africa have a lot of PGM’s in the ground, more than anywhere else on the planet.
The problem is the resources lie at depth. This means very costly underground mines need to be constructed. Whereas in Russia you can got at it with a JCB
So when comparing South African resources to Russian, Capex and the cost of extraction are key components
Are you able to include Impala in your model back-testing?
i.e. what valuation would your model put on it? And if more than the actual how can we account for the difference?
It would be more helpful to see how this fits the model than just mindlessly shoot the guy down (which others, not you, have so far done)
A1ex, haha, that made me laugh, have you tested it yet to give me your verdict?
HigJW, asked me the other day what it was and called it 'Ian's celebratory fizz' .. I'm awaiting his verdict also, haha
"TigerByTheTail" where do people get these avatar names from...
You are entitled to your opinion, the same as others are entitled to theirs
One part of your well thought out research I query is your overall valuation of Mon
Mon is fully funded through to construction via an EPC with Sinosteel, this loan is valued at $176m
If the whole of Mon is worth £50m - £100m do you think the state backed Sinosteel would cough up £138m just to get it to the production phase?
I had to "De Green Box" him to see what he wrote...what a Muppet! Straight back in the bin I am afraid!
Also South African miners have a history of strikes which is understandable given the conditions, this doesn’t seem to apply in Russia
Change your moniker to Tailbetweenyourlegs it might be more appropriate. Thanks for wasting our time, you have not researched EUA properly and ramping another stock.
'South Africa better than Russia' - that's absolutely ridiculous
Russia is a much much better place to do business + safe and secure
Also huge cost advantage in Russia - at least 2x cheaper to mine + open pit - not covid-prone
Hence a floor of several hundred $mln for MT even ex flanks
A poster using the alias "TigerByTheTail" said today at 11:05
"Anyway, I won't bother you any more."
Thank you. Noted.
$50m to $100m Value for MT....
It's only 11am!!!? Gin, Ale, Prosecco or maybe even Ians personally endorsed Veuve Monsigny Champagne Brut?
Go check the whole project out.
There are others out there as well, similarly valued. Do some research. It's not hard.
Your valuation of MT is the thing that is ridiculous. The talk of billions on here is laughable.
Anyway, I won't bother you any more. You'll find out the truth in due course.
And, yes, South Africa (for all its problems) is a whole lot safer investment destination than Russia. Again, do some research.
Why oh why do they bother, that post is laughable. The intent obvious.
Utterly pathetic drivel not worthy of a response.
Your link is to an advert for Impala. That's so weird.
Completely different situation, no constructive analysis or argument. Are you deliberately wasting people's time here or what?
Hmm mines in South Africa are undervalued for one huge reason! They’re in South Africa! Why can you not get your head round this! Your biggest problem is the shares you own are not valued at the level they should be so you go round moaning about other stocks!
Anyway you said we’d be delisted so keep the good predictions up!
I think this might help some of the more optimistic posters here to put a more accurate valuation on Monchetundra:
1. 15% stake for $30m = Impala (one of the world's biggest PGM miners) value the whole enterprise at $200m.
2. The mine project is FAR more advanced than EUA's project, with a DFS complete and all permissions obtained. 15m ounces here is a PROVEN mineable resource, not a "hope" figure generated by some pretend paid for analyst.
3. The basket price of the PGMs here will be HIGHER than the basket price of Monchetundra. This is thanks to the presence of around 10% of super-expensive rhodium.
4. Most would agree that South Africa is a better jurisdiction than Russia. Cheaper, too.
In short, Monchetundra, on a good day might sell for around 1/4 to 1/2 of this project's value (IMO). That is $50m to $100m.
Can you see now see how grossly overvalued this company was before its suspension?
August the 10th going by past form
Quite so, a sale is also one of the many possible 'strategic options'. So is a partial sale of just some assets. So is a merger/takeover by a larger players.
Lots of possibilities but, in my opinion, every conceivable outcome will result in a very good return for shareholders - that includes not only the 'shipmates' here but crucially also those members of the BoD who are looking to this to compensate them for their huge expenditure in time and effort to bring this project about.
27th May RNS said, amongst other things
"The Company will make a further announcement in due course regarding the status of CITIC Merchant's role and strategic options for the Company's current mining assets."
CITIC Merchant, according to Bloomberg (https://www.bloomberg.com/profile/company/CITICM:CH)
" operates as a merchant banking firm. The Company provides mergers and acquisitions advisory....."
The new NED Iain Rawlinson has "advised on a wide range of mining sector M&A transactions in South Africa and London".
Iain Rawlinson has also been involved in helping companies transition to main market - Highland Gold in 2002 for example.
The new nomad SPAngel is the leading Nomad for mining companies on AIM.
It is quite clear where the focus of the assembled parties expertise lies - in bringing about large M&A deals.
Together with the other stellar team members on the board all of this adds up to a success story and a highly profitable outcome for genuine investors.
..in my humble opinion :-)
for the question. Is there any firm indication on when this will re-list? I only have a small holding so have not been following closely, but am aware of and v pleased we now have the NOMAD.
Many many thanks,