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Also FYI ive had it confirmed by the company that the 2025 is indeed a typo. The first shipment will be in the next week or so.
Tantalum is shipping March 2024. I have a picture (sent by Andrada Chief Strategy Officer) of the 5 tonnes of Tantalum, in packing containers, on a pallet, secured and ready to be shipped.
Having been interestes in ATM and followed AV for quite a few years, I have no doubt he is a man of integrity. Mining is a tough business and nothing comes easy but so far progress is very positive for me. I've held here quietly for a while and will continue to do so. These metals are needed and only going to become more important over the rest of this decade and beyond.
It is 2024!!
Rgbuk ... if AV confirms tantalum march 2024 and those 5 tons more from a circuit in last xxx time frame then yes different ball game and it's 10p etc etc.
See what he says in reply...
Essentially goes back to what AV says about the fact you cannot min from a spreadsheet like most miners try to do these days... the oly way to know what the numbers will look like from the ore body is to produce a production plant and then use this model to then input the numbers back in to the spreadsheet...
Happy to help you if you need any more guidance
Phase 1 production is to firm up the numbers for the much larger phase 2.
The phase 1 production numbers are clearly highlighted in todays RNS... Tin 2600tpa, Tantalum 45-83tpa, Lithium 30,000tpa. This Phase is all funded from existing cash...
I dont think you seem to realise that any mine in initial production is experimental - this is one of the most ill informed comments ive ever seen.
Another 96k shares for me this morning. Happy with the update. Mining is a slow and steady business and professionalism and attention to detail required - the team is clearly delivering this. This is a strong all-round update. The main uncertainty remains future commodity pricing but I am positive on this - can't go much lower. Excellent news on partner funding - it takes as long as it takes - it's a company maker for Andrada.
I'm expecting a positive day for the share price once early speculative buyers exit positions. No reason not to push through 6-7p in the near-term. Beware posters with their own agendas and act on your own convictions. GLA.
Early bird.
Don't kid a kidder mate... I've watched this and AV from inception, i know exactly what it has and hasnt got.
The tantalum for example .... circuit is experimental, where is the integrated production plant ?
I'll leave you to correct investors who might get taken in by it all ;)
Https://youtu.be/gHOpa2q6Ij4?t=1172
Worth listening from 19min30 for 5 or so mins
Not quite sure I understand your worries over funding but hope the following from the RNS helps:
§ Ore sorting is fully funded by the Orion Resource Partners facility.
§ Ore sorting augments the Continuous Improvement II programme ("CI2") which is fully funded by the Development Bank of Namibia ("DBN").
Plus it’s Petalite they are looking to sell into the ceramics market, not spodumene.
The tantalum 2025 was obviously a typo, should have been March 2024 as some else pointed out it said elsewhere in the doc.
Coffecups.
Theyre selling to the glass/ceramics as this commands a better price currently. Eventually they will process their ore as LCE which commands the higher price.
Orion deal is a royalty loan so they will take I think around 5% of the revenue (from memory). Orions deal fully funds them for the phase 1 production.
The Tantalum is shipping as we speak so its March 2024 - will confirm back with AV.
Stage 2 development will be funded through the strategic partnership process at asset level.
Hope this helps
1. Sells spode for pottery, not a lithium resource
2. Need to double tin prod tfrom current levels to service the Orion loan deal.
Tantalum March 2025.
Will need to raise significant sum for stage 2 development??
How much??
That’s what caught my eye this morning . Very happy holder
Yes great update. Patience is really beginning to pay off here. Future looks good!
All great but how much and at what cost will the raise be?
Its March 2024
One little typo I saw concerning tantalum sales. First mention says that delivery to afrimet will start in March 2024 (ie this month) while later in the rns they state March 2025. I assume that 2024 is correct?
Glad I topped up 40k shares yesterday. Need a bit of luck after investing with VAST.
" Exploration drilling programmes are ongoing across all assets to expand the size and scope of the mineral resources. The collaboration between our exploration and metallurgy teams expedites testwork in order to facilitate the transition of projects from exploration to development and, ultimately, production.
We are pleased to report significant progress on the Strategic Process. Discussions with international organisations from within the lithium value chain are advanced. We are encouraged by the level and quality of interest from interested parties."
Very happy and i hope everyone else is who has been building a position over the last couple of years, our time is coming for the belief and patience.
I mean this is clearly a cash-cow!
Remembering that 90% of that Tantalum revenue is profit. Then when we add the Lithium on top of that, the Lithium circuit will ALL be additional profit
This is quite something we're sitting on here folks
Tantalum $190 a kilo
So that’s amazing numbers
Im just crunching the numbers here and need a bigger calulcator.
Tantalum sells at $200k/t.
Theyre ramping up to 48tpa then 83tpa = $10m to $17m pa
"Tantalum revenue is estimated to be between 3% and 5% of total group revenue"
That means revenues between $200m and $500m
Quarterly update will be separate. Likely next week based on previous timings.