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the tungsten low grade m8,it's the moly that is the main assett. most assets have a bi product. and yeah,a very low mcap,considering the asset value. funding needed,like the nickel comp,right,offski..gla
I am liking my mining stocks at the moment. This is very similar to my main holding, Troajan knows. This looks like it could be the start of the rerate....was going up on every buy on Friday and as you say Graphite, very hard to buy with the amount of freefloat. Low grade for production, just like my other. That is a factor in why it is down at these levels. A lot of stocks are very undervalued but with this out on the risers board over the weekend, people will be looking in here and realising the potential.
Traded in November!!!
Tennis, I would say that is about right, since it came to market in 2013 its done no promotion and been under the radar, mainly due to falling Moly price. At some stage with a resource of that size and a rising Moly price it is bound to come back in favour.
i think its a rerate,has you know,miners have been recovering big time this year,so no doubt,kem is joining the badwagon. NAV of $1.5 billion,according to a feaso study,but metal prices have risen since then. it looks like the molyb is the main product,with tungsten has a bi product(wo at 0.02% is ultra low grade) gla
Nope!! So this is has just came back to life on Friday?
No trades between 15 Nov and 1 Dec???? Is this on ISDX? Must be
Guys what caused the hike in price last week? Cant see any info released
I will do some private research today but in a nutshell, Is this another asset play that is undervalued and the market is unaware of it?
Its the Moly that is worth the cash nigh on 470,000 tn of the stuff Moly is 7$ per pound. Tungsten is worldclass but the Moly is perhaps the largest or one of the largest known deposits in the world. Tennis---Very hard to buy.
Graphite, How hard is it to buy here? Under 1k, is that easilly done?
No I mean £198bn. Honestly do the figures from the companies reports.
do you mean $198 million. $198 billion would make it the biggest res of tungsten,by a country mile.
I would say so! -- The estimated contained metal value of both projects at current Mo & Wo prices, with 484.6kt of Mo and 81.4kt of Wo, comes to US$198.453B. --That figure really is $198bn. Even if you are very cautious and state only 10% could be recovered the value then would be $19bn. --Kazakh owned and run company so company is aligned with the 'local' interest. --90% not in public hands. --Last placement in 2014 was at 9p for £2m funded by a Kazakh investment bank. --Hit 50p at the time of the RTO in 2013. --Molybdenum & Tungsten now recovering from all times low. http://www.infomine.com/investment/metal-prices/molybdenum-oxide/ http://www.infomine.com/investment/metal-prices/ferro-tungsten/ --Historical high prior to the RTO of previous vehicle GCM resources was £4+ --Both metals they mine are key to the steel making process. China Silk Road and Trumps civil projects seemingly are rising all materials involved in this process. One expects both will continue on this recovery path. --Strategic location in Kazakhstan. Rail links to China. (on the 'Silk Road'). --Support of large shareholders for working capital. --One of the largest if not the largest metal resources on AIM. --Comparable companies include AMC--Amur Minerals Mcap £80m. KEM £5.4m. AMC 600% up from year low, KEM c250%. --Very tightly held. --Tight share register with majority held by Kazakh Nationals who need multiples of today's prices for break even. --Time to load up on companies like this is now, not when they have recovered to 20p+ in a few months. AIMHO and I hope the above is helpful to folk who are new to the stock.
May get a rns Monday with a rise like that Friday, we ought to
Back a few years ago with hardly any more shares in issue this hit £4. The two licences they hold are some of the largest tungsten/molybdendum resources in the world. Kazakh owned so no issues with local's, government of having it pinched from them. 88% held by two or three Kazakh shareholders. Conveniently located with rail/road links to China and of world strategic importance in its size. Company has been mothballed for several years due to the fact they perceived there was little point creating output and advancing the project due to low tungsten & molybdendum prices. However that is now changing and both metals have shown signs of recovering, Chinese demand is picking up and now is the time to start investing in this company again to get on-board before it gets to 20p+ I see this hitting 20p+ in short time, the metals supercycle is on its way and now is the time to invest, not after the first five X move. http://www.prnewswire.com/news-releases/oversupply-persists-but-molybdenum-poised-for-a-recovery-566562731.html
Copied from one of the all time best posters on Mining Stocks I have ever had the pleasure of reading posts from. Chiperford ADVFN; 1 0 I calculate the estimated contained metal value of both projects at current Mo & Wo prices, with 484.6kt of Mo and 81.4kt of Wo, comes to US$198.453B. Obviously many years away from possible production and with c. US$250-300m of Capex needed to get these projects started. Also contained metal values need to be discounted for mining and recovery dilution. But even just 10% of contained value is still US$19.8B. With KEM currently valued at just $3.3m there would appear to be a pretty interesting speculative upside! Chip
What happened her God knows no rns and very little volumn. Only another 200% to go
Makes Amur's resource look minuscule. Largest disparity to mcap I have ever seen. Did this not spike to 400p a few years back?
tungsten uh.nice
So far under the radar ,look at the assets ,no brainer here at this level
Will soon be back in vouge ,tungsten beginning to look a good investment ,stock moves quickly so a good opportunity to get in at or near the bottom
Why?
Down down and even more what a bag a xxxxxxxxxxxxx
False rise it will drop tomorrow for sure we need new and better news and results . One day may see10p one day