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So Ethhio
What's ur realistic sp prediction?
UT 23 to UT 24. What next....in all honesty, i don't care if we stay at this levels until the recommended offer lands. To those going all the way, it really doesn't matter if we're 29p or 23p. It would be nice to see us back up to high 30s but MMs will do what's best for them. Its clear to anyone the current SP is false as we were at this levels way before we got flanks, DFS, blackrock, confirmation of non binding offer etc.
When you look at the volume, you would think MMs would make money by raising the SP , increasing volume but they don't seem to want that. Why are MMs intent in suppressing the SP way below value of the company? From this levels, there's more money to be had when the offer lands that's why!
Like Gecko, am also going to chill until the offer lands and will post on the big day. GLA
--- The longer it takes, the bigger the deal
--- UBS continue success in the M&A sector - best in the world
I agree with Mike in that i don't think anyone would sell potential resources at 10% of their value. I do believe that the BoD are looking for a sale and will not want to stay on and mine it themselves. Judging by the experience they have, I think some of them would be hoping to retire. I know I would in that position. Quit while you're ahead.
If I had more to play with i'd be sticking it in but I came out of divorce with not a lot to show for it so very reluctant to commit all my savings. Would like to get some money for the deposit for a house. Currently renting and have been doing so for too long.
You will always get more for your goods when there is more than one bidder in the room just watch bangers and cash lol
Ok let’s throw this out there, if the figures listed earlier where correct then let’s say over a 20 year period all materials are mined and the value over that period is any 100 billion including everything, and as mention extraction costs are approx 15% then my maths are as follows.
20 years 100 billion that’s 5 billion per year minus extraction let’s say 1 billion that gives us 4 billion per year , I always understood a rough guide for a company valuation is 3-5 times proffit which would be 20 billion so roughly £8 a share.
Only my guess
I agree partly Ramp, however uve forget multiple parties interested and a bidding war.
Its likely they will pay way over those prices
The revised plans with flanks was about 1M Oz PGM production per annum.
Cannot remember the source off hand, sure someone will confirm.
How much can they mine in a year currently if anyone knows the figures x that by the current prices and see what profits can be achieved each year
Great analogy Mike (the scarcity value) and we are a prime example if not the prime example.
Trift x
That’s.fair enough but if you had done all the donkey work why give it away at the last minute, if you bought your house 20 years ago for 40k and it was worth 400k now why would you sell it at 80k just to retire. I personally would expect the negotiators to get a fair price this isn’t like selling Arcadia to whoever will take punt, this material is valuable and won’t get much cheaper if at all the way technology is going.
Every miner/entity in the world that can afford it will want a piece of this..... And I bet you they are all leaving no stone unturned trying to get their hands on it.
Relax its going to be epic.
Mike, it's a good point but I think most of the BOD are at the point in their careers where they want to move onto pastures new or retire. Dmitry for example is looking to move forward with his Crypto venture, they have probably strongly considered mining it themselves and would rather sell it and head off into the sunset.
Don’t sell yourselves short, you value the materials at 37-80 billion exc rhodium and platinum and are prepared to give the business away at roughly 4.5 billion. There is no allowance for further increase in value of material. It’s like selling plane tickets they are cheap to start with until the last few when they increase price once overheads are covered to maximise proffit.
How much do you think these materials will be in 5-10 years, they aren’t making any more of this gear if that’s all I was offered I would sooner mine it myself if it was my company.
Indeed Macman. You’re right, plenty of resource in the ground worth a sum of dollar
Tigra, that is a good link. They have used detailed methods to give fair lower to higher values or estimates for not only sale price but what would be had EUA chosen to mine it
£1.20 is a 400% rise from here. One day there will be some lucky punter who buys in the evening and is rewarded with 4 bags the following day
The other point is they are only the resource quoted at 3 and 4 of that RNS. I have not included 1, 2 or the whole of part B, all of which have licences and approvals. I didn't include those as there was no reference to specific metals, only PGMs so was unable to calculate reliable figures.
@armybarmy
The calculations at the bottom are my very own work, not copied or pasted from anywhere. The report was copied and pasted to provide context around the calculations. I appreciate Rhodium has been mentioned but I was trying to work out my own figures based on what had been provided from research and reports and had been documented. It was posted mainly for a pier review and sanity by more experienced members of the BB.
Macman, regarding your earlier posted estimations:
“ Nickel 298kT @ $19,226/T = $5.7 billion
Copper 229kT @ $9,206/T = $2.1 billion
Cobalt 11.3kT @ $52,000/T = 587.6 million
Platinum 650koz @ $1,266/oz = $822.9 million
Paladium 1.94moz @ $2,420/oz = $4.7 billion
Gold 270koz @ $1,794/oz = $484.4 million
Silver 6.5moz @ $28/oz = $182 million”
To give $15bn
Please note that’s only with 1.94moz Palladium (in other words, without the additional 13m in the flanks). It excludes the Rhodium and Platinum at West Kytlim as well. The resources range from $37-80billion depending on how generous or conservative you are.
The value of the in ground resources therefore are equivalent to £8.8-£20 (which is why anyone suggesting a sale is for this region or above have not done their research)
10% of that (a rough estimation of a sale price) is
= 88p-200p
These values haven’t factored in cost of digging and processing at the facility. If you deduct 15% of that:
= 74p - £1.70
WOW! another long term holder.
Tigra, did you notice - $24,500.00........come on Eurasia's Rhodium!!!!
GLA
Large trade showing on LSE :
2021-02-24T16:17:21.083 GBX 23.55 500000 117750.00 Off-Book AIMX LRGS
Well done you can cut and paste
I am by no means an expert but i've been trying to find out how much the resources we are actually know about are potentially worth and the most reliable information i've been able to find is in RNS 6373V dated 4 Dec 2019 with regards to the initial licence and flanks at MT. I have seen no mention of Rhodium.
The total potential resources in the Russian Cadastre breaks down as:
· c.15M oz of PGM within the Flanks application for which the Company has exclusive rights, and inclusive of the Company's c.2M oz reserve and resource (A below).
· c.4M oz (in addition to the above c.15M oz of PGM also within 5Km) neighbouring the Monchetundra Project and within 5Km (B).
The total amount potentially controlled by Eurasia and under flanks exclusivity right application is c.15M oz of PGM as per the Russian cadastre of state resources; although this data has not yet been independently verified by Eurasia.
· Further potential resources of c. 21Moz in established and unlicensed resources and reserves in the district surrounding the town of Monchegorsk, that is located 8Km from Monchetundra (C).
(?) Within the Flanks application submitted by Eurasia 80% owned subsidiary Terskaya Mining Company in September 2019:
1. Potential Pd and PGM resources of c.13.1t (421k oz) (as per State Cadastre of Deposits, No. 18 on Murmansk Geological Information Archive Reference Note of 07.03.2019)
2. Potential resources of Pd and PG? c.14.7 t (472k oz) and of gold c. 0.7t (as per State Cadastre of Deposits, No. 20 on Murmansk Geological Information Archive Reference Note of 07.03.2019)
3. Potential resources of Pd and PG? c. 320.1 t (10.2M oz) and of gold c. 10.1t (as per State Cadastre of Deposits, No. 21 on Murmansk Geological Information Archive Reference Note of 07.03.2019)
4. NKT (Nittis Kumuzhanaya Travanyaha) nickel, copper, cobalt, platinum, palladium, gold and silver with the following potential resources: Ni - c. 298,000 t, Cu - c. 229,000 t, Co - c. 11,300 t, Pt - c. 18.5 t, Pd - c. 55.0 t, (Pt+Pd= 73.5t or 2.3M oz) Au - c. 7.6 t, Ag - c. 185t (as per State Cadastre of Deposits, No. 22 on Murmansk Geological Information Archive Reference Note of 07.03.2019).
Section 3 equates to:
Gold 345koz @ $1794/oz = $638 million
Section 4 equates to:
Nickel 298kT @ $19,226/T = $5.7 billion
Copper 229kT @ $9,206/T = $2.1 billion
Cobalt 11.3kT @ $52,000/T = 587.6 million
Platinum 650koz @ $1,266/oz = $822.9 million
Paladium 1.94moz @ $2,420/oz = $4.7 billion
Gold 270koz @ $1,794/oz = $484.4 million
Silver 6.5moz @ $28/oz = $182 million
Total Resources for 3 and 4 combined = approx $15.1 billion
This is before recoveries and cost.
don't stick your d1ck where you wouldn't stick your finger!
ha ha
It's "Be greedy when others are fearful ..." :-)