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Sparticus, yes your post wasnt clear to me but thank you for explaining. I see other figures of $100 million a year for AMC and I read your post in that context. $25 million a year for a 19% stake makes more sense to me.
If you read my previous posts
You will see i said 25million would be great
4/5 million tons per year in next 2/3 years amc 19% which is just under 1 million tons
1 million x $120 = 120 million so again my 25 million was never based on revenue, if you read the threads properly
Sparticus, to me the income due to AMC on the 19% equity stake would be the profit due not the revenue. So the $120 per ton is revenue, what is the net profit distributable to share holders? Maybe $25 per ton? I dont know but this is the figure that should used. I stand corrected but i think the revenue figure should not be used to calculate direct value of Amur stake.
Please all don't forget there is two lots of iron ore. 61% DSO and 30% the great majority that needs either additional refining locally or a tonne shipped as is to be refined in China, is half of the DSO in value.
Thinking about it.... Would the Ruebens Brothers have any interest in AMC as well?
Would explain the link with Glencore, as they are well connected.
Nolosstillsell - Many thanks.
Westie50, for the time being regardless of Iron sales we will receive the coupon on the CLN's. Paid quarterly.
It just seems all too good to be true to me so I have my sceptical head on. Not looking to be negative as i'm invested and adding all the while but just trying to get my head around the money flow might start and do we need to convert the CLN's?
i believe theres something like 195,000 tons stockpile to get there teath into
Hi All. I feel there is more to this than meets the eye. This gift to AMC from other parties will be part of a larger deal for our reserves at KM, i just hope the deal is not too weighted against us, we will find out in due time. ATB Speedy
Correct me if i'm wrong but did i hear shipping from NRR was 'imminent' and hence a revenue stream is also imminent. He also intimated along with this that a rerate short term was eminently possible.
My post read £25 market cap should have read £25 million market cap! If we ever see £25 market cap last one out turn the lights off!
So as long as it costs less than $120/tonne to mine and haul it ..............!!
It quite clearly states there aiming for 4/5 million tons a year shipped, $120 dollars ish a ton at the moment, 19% just under 1 million tons our share in the long term
So pretty straight forward from ware i am looking imop
The author of the accompanying article to the video that Stu_1978 has posted also states that Amur's 19% stake should generate $100 million p.a. for Amur. Assuming the author has checked the details properly with Adam, very exciting times ahead. £25 market cap will hopefully soon be a long lost memory!
Stu - thanks for this. Although Adam said ‘if’ they get 100m, he didn’t express much other caution. Normally there would be some caveats.
Surely as he says, once the first royalties come our way, a re rate must be a certainty. If these numbers (or even 50%) become a reality, it is incredible news.
https://www.share-talk.com/amur-minerals-corp-amc-l-is-kun-manie-now-fully-de-risked/#gs.h3xqbr
Just after 3-minute mark they talk about AMC get circa 100m a year when its all up and running.
Personally i would think if it was 25 million per year it would be absolutely transformational for this company
we could fund nearly what ever we fancy with that sort of income and our overheads
100 million is excessive thats total expected revenue for our 19% holding
less costs ill stick with 25 million, and like i say thats going to be amazing for Amc when it comes imop
Sorry he didnt say it. He posted it. Still trying to figure out who wrote the artical. Will ask him
Thanks Gunner21
Happy to be proved wrong but 100m a year seems fanciful in the extreme. Just seems too good to be true.
https://twitter.com/faslam_aslam/status/1307735595805016067?s=21
Who is Faheem Aslam?
14% coupon paid quarterly.
Faheem Aslam was saying the full 19% is worth $100m USD per annum. That is quite a bit considering market cap is £25m
Will it be dividends or will it be 19% of profit?