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Agricore; Yes I was thinking of CuSN who are doing great things here in Cornwall, as I said I believe that they will do well over time. ATM cost of getting the lower grade ore to the refiners will always be cheaper due to open cast mine and geographic location of resource even without the byproducts.
Safaniya you appear to be talking about CUSN. You are correct on most of your points although there are 2 other key differences between the two. First is that ATM's resource is a lower concentration, therefore key to ATM being "world class" will be its ability to control costs via scale, via efficient processing and probably most of all through byproduct credits of Lithium and Tantalum. The 2nd key difference is the sheer scale of Uis - and that that Uis is not the only tin resource that ATM holds.
I was looking at another tin miner today and there market capitalisation was about 50% more than ATM, they aren’t in production and simply dewatering their assets will take time and money. The mine is deep underground hard rock mining and the labour force in the country are one of the worlds more expensive workforce’s. HSSE in the country will be very stringent as will the environment agency’s and the unions, while I wish them the very best of luck (one day I may even invest in them) I would be prepared to bet that ATM will/would for the foreseeable future be able to put TIN at the top of there mine shaft cheaper than they can. The values that are attached to the venture and the value that is attached to ATM doesn’t make sense to me, forget the Lithium and the Tantalum we are mining and making money from the world’s largest hard rock mine with works in progress to expand output by 60 percent and they aren’t.
This isn’t said to goad a former contributor to this board in to conversation I really do wish them all the very best but I’m sure the cost per tonne that ATM are actually achieving is the stuff of dreams for our Cousins.
Zak Mir, the chart guy, suggests this could be back testing highs soon and maybe a high as 14p by July. I'm more interested where this will be in 2 years time. Impossible to guess on a time frame really, but obviously this has huge potential depending how much they can grow within their income. Either way I intend to wait for the pound sign!
Absolutely agree the ATM team are doing a first class job of keeping the news flowing and communicating it on all forms of media. I can’t see any reason why the shares are trading at the level they are presently and I would be totally disappointed to see ATM bought out or merged into another company without even having reached 10% of its potential. They are doing what they have said they will and they must be frustrated to see the market cap back below 100mil however. Value will come out in the share price eventually, please no more talk of takeovers.??
To be fair to Anthony, they have so much on their plate I think he does a pretty good job with selling the story. ATM have done a lot of investor days and Anthony is active on the interview front, investormeet and Twitter. When you think about all the feasibility studies and exploration they are doing this year, plus the tin expansion I imagine they are all just getting on with it
Goes to show how undervalued Afritin is. Large resource, potential for rock-bottom AISC, located in a stabler jurisdiction than Zim, and is already in small-scale production. I do think the company could do a better job of promotion and investor relations. Folks simply do not know this is a lithium company in addition to the tin.
There has been a lot of M&A in the lithium space recently. And its getting closer to Namibia with some serious Chinese money making its way to Africa and looking like they are trying to corner the market. You have the battle for Manono in the Congo and this recent acquisition of a Zimbabwean project
https://www.mining.com/web/huayou-cobalt-to-invest-300m-in-zimbabwe-lithium-mine/
ATM is going to need some serious capital over the next 12-24 months, I wonder when and where it will come from...
https://www.mining.com/web/chinese-australian-investors-battle-for-largest-lithium-deposit/