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No need for fingers x'd DP.. It's in the fundamentals and the numbers mate.. I calculate c$35m net to MTR just from A4 at $8k copper with a 16mt deposit for the MRE upgrade... and that's being conservative. SFR already have 6.5mt in the bag and its open cut so they're going to get stripping it this year... and the new 61% copper hits, along with those 7% and 16% copper hits are all fundamental to that bigger picture. The cutoff grade just got lowered and the 12 year mine life extended. GLA
Volume is immense already. One of MTRs biggest holders committing to the company. Copper price on a tear. Sandfire share price up over A$7. Sandfire Botswana exploration ramping up. A4 MRE due a big uprate. KML drilling to start in earnest. M+A highly likely. MTR investments doing well. IC article out and has pricked clearly pricked plenty of interest. Updated presentation due soon. ASX listing due imminently. What’s not to like??
Well done for all the patient LTH's . I have considerably reduced my holding in the new year after a number of frustrating years, and only have a modest SIPP holding. But after a long weight it finally looks like MTR will get the recognition it deserves. !
RE: NSR at A4 - BUT what does $10k copper do?Today 09:52
Nice touch ref TG there H :-) sadly I never had the chance to meet him as was always working nights back in the early MTR days.
Some may say the GGP links are ramping but I would agree with you. That style of rise and more is certainly plausible if the hot stuff is indeed in the KML ground. As you say this is not wild cat drilling. the geos have done their work, there is high (very/ultra) grade copper and silver in the ground and lots of it. It just needs to be found.
I had just £5k in GGP years ago, IF I hadn’t taken my 20% and IF I believed in the story then I would be set. Learn your lessons. ATB.
RE: NSR at A4 - BUT what does $10k copper do?Today 09:30
As so much of the portfolio is very early the copper price doesn't have such a huge impact right away . However the fact the increase seems to be here to stay and keep climbing made me jump aboard. Cant seem to get the link to work. Just google "Copper must rally 50% for supply to meet demand, Glencore chief says " FT article yesterday. Makes a good read.
RE: NSR at A4 - BUT what does $10k copper do?Today 09:26
A tad disgruntled I might have been Taylot, but I hold as many now as I've ever held. Looking forward to even better times as what you and H describe unfolds in the coming months and years (not too many I hope).
RE: NSR at A4 - BUT what does $10k copper do?Today 09:13
The fundamental facts need to be better understood..
If this copper re-rate has multi-year legs and isn't just some spike - we're in for a GGP type ride... $30m to $600m . It's only a matter of time before MTR makes its own new discovery, and we have a brand new mine hub being built 10km away by SFR to feed into, so the reality is that any MTR/Cobre development Capex is minimal/next to nothing if we hit shallow mineralisation like A4... It's all ready to go and it's 100% all gravy .. No way Karl and SFR going to turn their noses up at feeding more copper ore through their hub is there?
All underpinned by a high quality exploration portfolio including Marmica, Antipa and so many big names that could hit the jackpot several times over like GGP and the SFR dividend rolling in to pay the bills whilst MM has prudently controlled operational costs. A serious BOD.
Well done Micheal Mcnielly you're proving yourself an exceptional CEO. Terry would be delighted.
RE: NSR at A4 - BUT what does $10k copper do?Today 09:03
Here we go!!! IC article looks to have perked some interest time for MTR to come to the attention of the wider market.
Your figures and prediction there H are for -me personally- very much attainable. The copper IS there and the licence area IS massive. There are going to be multiple resources identified in this district over the next few years.
We have a 2% NSR over 14,650km2 THAT is a company maker, and for many of the larger holders a life maker. And then there is also KML... if Wes Hall geo analysis correct and the KML ground holds the real deal then even those of us who are currently holding modest amounts will be set.
I hope those who have been feeling disgruntled lately resisted the urge to bail completely. ATB.
NSR at A4 - BUT what does $10k copper do?Today 08:43
Chris Parrish recently calculated the value of the NSR at $7800 copper:
A4 NSR Base Case adds $12m to the Mcap A4 NSR Mid Case Adds $29m to the Mcap A4 NSR Upper Case Adds $59m to the Mcap
But as stated the above calcs were completed at $7833 copper... We're now at $10k plus. For the foreseeable.
And some forecasts are for coper to hit $20k a tonne... so what does that do to the NSR?
We're already 25% up on from that earlier calculation (by Chris J Parrish ..) but how's about 100% upwards from here, if copper goes to just say $15k/tonne ? Or add in another discovery at the other targets: say at A27 or A1... We've already been told its the same geophysical signature as A4...
Clearly the focus is on the Montheo project area for production. From the SFR Feasibility report it's a district discovery project. Just like GGP but Cu and silver Ohhh !!! 24 gm/tonne of silver... That's a lorra silver
Project finance in place from 9 banks.... On top of possibly more than 1.8% Cu. This is no 'wild cat' this is really happening. Those numbers are real...
We already know it's district scale copper discovery with Cupric Canyon T3 and A4 ... we already know MTR/Cobre's exploration is drilling off at Kitlanya east and East..
The model is for Kamoa type copper mineralisation... oh and guess what? SFR just publishes they've hit 61% copper no less...
So Where does this land? £300m to £600m or more... 10 bagger in the making. IMO.