Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Apologies!! This is a NEW second manganese mine being looked at called Kilifi.........
5000T extra above the original 2000T of manganese stockpiled ready for sale https://x.com/jb_miningafrica/status/1791330598448976242?s=67&t=vC2CFL3GZPCQWix6S9rfGg
7000T at $120/t profit = $840k profit. 60% owned by Marula = $504,000 profit sitting ready to sell
At todays copper price of $10350/ton, the adjusted Kinusi revenue is 1.3119 x $28.5m/year which makes the revenue $37.4m. The opex consists of $10.9m/year which remains constant but cost of artisinal material increases from $2.7m to $3.5m. So profit is then 37.4 - opex (10.9+3.5) = $23m vs $14.9m previously.
An increase of 1.3119x copper price increases the profit margin by 1.54x
Pre tax operating cash flow of $136m over 10 years then becomes $209m.
And this is based on DSO processing and 2.5MT resource size. This could easily be 10MT so $836m free cash flow before tax is possible.
https://twitter.com/JB_MiningAfrica/status/1785587543108440312?t=3MT6_h81PF8Ja1ffCi84wg&s=19
The Kinusi copper processing plant under construction
https://twitter.com/MarulaPlc/status/1738179733869773312?t=G1mrdJZTkbREicOgzhjmoQ&s=19
Quite a lot of those things mentioned have orogressed apart from listings and Tomra delivery.
Here are notes from the following zoom call in March
https://docs.google.com/document/d/1OXucCyUJnw1YLVs2carsflmPQ9vJk_R2Ih8B6L_IOwU/edit
* Value of bi-products from Blesberg will exceed the operating costs of the mine
* Any new lithium mines brought on stream in that S.Africa/Blesberg area would be fed into the Blesberg machinery;
* Graphite - could look to do a quick DSO product to get revenue or they may try and get a higher value product to take advantage of the jumbo flake prices. Balance of quick to production Vs not giving away too much value too quickly
* Zimbabwe & S.Africa really good for copper and lithium projects. Tanzania & Kenya great for critical minerals.
* Nickel - very few nickel sulphide projects around. Tanzania is a possibility.
* Manganese - looking at a project in Kenya
* Aspiration to have cash generating assets in both S.Africa and E.Africa so they can operate each area independently * Important to consolidate Marula’s position and they want to increase their positions in S.Africa & Zimbabwe as they have a very good S.African team.
Then cross reference with notes from the zoom call:
Posted at 22/2/2024 11:54 by gasman10
Notes from last nights zoom call.
* Offtake not yet signed. European company based in Switzerland. Got a meeting on Monday and if no positive outcome will look to take an OT forward with another party. Lots of interest. 2 in particular and 1 is keen to invest to produce a carbonate product. OT’s generally specify a 5% minimum product and the price can be higher for better grades;
* A different project is under review for potential production in Q1;
* Kinusi scheduled to start producing in Q2. They are looking into options for copper cathode in the future to maximise revenues and not let too much value go early on;
* There was 36k tonnes of stockpile at Blesberg last year and that’s increased by around 40%. The Tomra should arrive early March and should not take too much commissioning - operational second half of March hopefully;
* Korridor is really good but they have 3 other lithium projects under review - 1 of which is adjoining Blesberg!!
* Copper OT’s are already in discussion;
* Listings will go in the previously suggested order:-
- NSE approx w/c 11/3 - Fader Investment Bank to confirm when submitted the listing document and NSE to confirm it is acceptable - then good to go;
- JSE quickly after that as the NSE is the gateway into the JSE;
- LSE hopefully in Q1 as well but following the other two and we need to meet the £30m requirement.
* The Tomra takes 5 x the material of Rados and they are looking to use in series together. Tomra first to remove the other minerals and then leave a cleaner spodumene for the Rados to process;
* Newsflow: no need for any concern - Jason has been in 3 days of negotiations but RNS’s are being worked on and May have announcements end of this week and through next week;
* Q is very happy with progress. He is busy finalising his billion dollar fund in the Middle East and US but is keen to accelerate development into alternative metals and minerals;
* Blesberg - assay 1 is due 1st or 2nd week in March ish. Assay 2 poss end of March;
* Dividends are important to Jason as a major shareholder and it is not just a box-ticking exercise for the NSE. They have full intention to pay divis when cash flows allow;
* Deals - in South Africa and Southern Africa - relating to copper and lithium. RNS’s soon!!
* Once production and revenues start, they will be looking to move away from share based acquisition payments to cash based payments;
* Blesberg - down the line we could look to move into battery manufacturing to maximise revenues and Eastern Africa is positioned well to be a battery hub!!
* CPR’s are complete for:-
- Blesberg
- Nkombwa Hill
- Kinusi
Graphite CPR’s are being completed asap. All of the CPR’s are needed for the LSE listing
* $406 AISC - so we are very comfortable at these current lithium prices
* Value of bi-products from Blesberg will
First manganese sales end of next week $$$$$$
https://twitter.com/JB_MiningAfrica/status/1790380305913712715?t=W224gk2_PMwipoEGOVCaFw&s=19
Conservative manganese production 17kt per month
https://twitter.com/JB_MiningAfrica/status/1776148246714351837?t=51V3hP6G90n9p9S5cdwzrw&s=19
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Manganese prices up 33% in the last week
https://x.com/JB_MiningAfrica/status/1790031106911219967
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Manganese blasting this week and sales next week $$$$$$
https://twitter.com/JB_MiningAfrica/status/1790032210654794171
********************
Targeting $15m profit per year to Marula
https://twitter.com/Chuggley1/status/1790035622876381642?t=Go99wrC9HV9wmwSv-v_ftg&s=19
The projections for blesburgh are epic.Marula not a one here race manganese and graphites as well good shot at 20p+
Jason has indicated that he is still shooting for a Dividend this year.
"Declaration of any dividend will be subject to Marula maintaining a minimum net cash balance of GBP 10 million (after the payment of any dividend)."
There are also exploration and development requirements which could be around £5-10m.
This suggests to me we could have around £25m profit or larger in 2024. Using a fairly average P/E ratio of 10x would put the market cap at £250m.
Based on 300m shares in issue, that would be a share price of 83p by end of 2024
I think this can get there
20k to the upside still drops 7% seller still around.
This is especially prudent right now as we are on the eve of first revenue and soon the company will be carrying out blasting activities at the Manganese mine in Kenya.
There is also a separate pledge for donations on the telegram group. Here are some of the contributions pledged:
https://imgur.com/a/GIdbjV2
Posted on telegram this AM:
Good Morning,
I hope this message finds you well. I am reaching out to you on behalf of the Mayflower Children's Foundation, a charity dedicated to improving young Children’s Education, health, and well-being in Kenya, where Jason Brewer is one of the directors.
In collaboration with Marula Mining, and in light of our agreement to broaden our shared commitment to corporate social responsibility (CSR) initiatives, particularly in communities surrounding the Larisoro Mine in Samburu, Kenya, we are launching a critical initiative to improve education in the area. As stated in recent announcements https://www.aquis.eu/stock-exchange/announcements/4503282 we have collaborated with Marula to meet the educational requirements of children at Nakwamor Primary School, a key institution in the area.
I am reaching out to express the need for your support in a cause that is close to our hearts.
As investors who have already made significant contributions to Marula Mining Plc, Shuka Minerals, and Neo Energy Metals, we deeply appreciate your commitment to making a positive impact in our community. We are now asking your aid in a key endeavor: Enhancing educational possibilities for the pupils of Nakwamor Primary School in Samburu, Kenya.
Nakwamor Primary School is situated in the Northern part of Kenya where Access to educational materials and facilities is significantly challenging. This school serves over 100 youngsters who deserve a good learning environment. Unfortunately, a lack of basic amenities such as desks, stationery, and uniforms limit their capacity to succeed academically.
To address this pressing issue, Mayflower Children’s Foundation has launched a fundraising campaign to provide the necessary resources for Nakwamor Primary School. Our goal is to donate 100 desks, along with stationery and uniforms. These items will not only enhance the learning experience but also instill a sense of pride and belonging among the students.
A $34 donation will allow two children to focus comfortably in class by supporting the purchase of one desk, and as a sign of our gratitude, we will brand the donated desks with the name of the kind donor. Your contribution, regardless of size, will have a tremendous impact on the lives of these children and the future of our community.
By supporting this cause, you are not only investing in the education of disadvantaged children, but also empowering them to break the cycle of poverty and create a better future for themselves and their families. Furthermore, your involvement will demonstrate your dedication to corporate social responsibility and generosity.
To donate, please visit our M-Changa page https://www.mchanga.africa/fundraiser/96985. Alternatively, if you would want to take a larger role and sponsor these activities through the Mayflower Children's Foundation, please do not hesitate to contact me directly.
Lithium
$1m revenue target for May.
Tomra sorter to be delivered and commissioned on site this month, along with offtake established for byproducts
Tomra sorter can handle 4x as much material as the existing Rados sorter which has been running since January
$5m revenue in June based on ramp up of lithium + byproducts?
At full production in July, could we be making $10m a month from Blesburg? at around a 75% gross margin? Project is 100% owned by Marula with adjacent licenses being explored
Manganese
2kt of product already waiting to be sold. $200 per T = $400k
10kt per month production target = $2m per month. Project is 60% owned by Marula
Copper
Kinusi report has been completed and we await the RNS on the contents
First revenue was targeted for Q2 2024. This will ramp u to full production in Q1 2025 by which time, at current copper prices, we could be talking $20m a year profit. Project is 70% owned so $14m profit a month to Marula
All of the above does not include rapid development which could be achieved when the $100m funding package for Marula is announced within the next 3 to 5 weeks.
100,000,000 million dollar war chest, how many junior miners can say that, we know where the share price is going in the medium to long term, also further acquisitions the cards.
GLA.
He made his billions successfuly mining in Africa over the past 20 years and comes from a mining family. So I would say he knows quite a bit.
https://youtu.be/zPPLlDLBUcU?feature=shared
Yeah but what does that african self made mining billionaire know about er mining in Africa
Here is a link to the QGC founder Q u i n t o n
being interviewed by Zak Mir
https://shorturl.at/cetzI
I especially enjoy the part where he says the value of marula is currently 20x to 30x undervalued. The share price at that time was 8p.
********
Bang up to date, two interviews from this past week
Zaks Traders Cafe
https://youtu.be/mB3ojYtJkOk
StockBox:
https://youtu.be/ztBXBAd15kM
Bilionaire south african early investor and largest shareholder interview from last year
https://youtu.be/j5vofpzrxco?si=5sdrlzrfojyfv1xq
********
graphite webinar. jason brewer the ceo talks at 53 minutes. indicates that the byproducts from blesburg lithium mine are potentially worth more than the lithium. production output rate expected to be 5k tonnes a month of 6% li2o
https://www.youtube.com/live/tdcnhiasyyk?si=rpzlgkglm5_eyeiw
**********
biztech academy ceo interview from last year. great introduction to marula
https://youtu.be/oiugooyx8lc?si=hlsqsf36eibwsu4t
**********
the feldspar byproduct at blesburg worth $54m
https://twitter.com/jb_miningafrica/status/1778373707347403200?t=ncrvc6jpsk7ijvvdhbfnfq&s=19
https://postimg.cc/Z0JGrgc3 (screen shot of tweet)
*********
twitter post of kinusi copper mine economics. this is based on direct sold ore. the plan is to rapidly transition into copper cement which will have lower transport and higher recovery prices. notice also $15m profit a year is based on $8500/t copper. today it is $9900/t and rising.
https://twitter.com/jb_miningafrica/status/1785587543108440312?t=3mt6_h81pf8ja1ffci84wg&s=19
https://postimg.cc/QKMYv24y
*********
table showing economics and $276/t processing cost per tonne of 6%li2o at blesburg
https://postimg.cc/6TzDz0jP
*******
link to spreadsheet with all projects, outstanding warrants, rns links and videos. credit to kev on telegram.
https://mobidrive.com/sharelink/p/3roaltrnizctnup3ycawr25e9qskdd6ddjgn27ajh5xj
Nice recovery imo if it can close above 8.5p mid end of week and the volume stays strong would have to admit the bulls have it again.
Hope they do.
Talk more of this buy tomorrow Andii you made the SP move 😁
I think a huge seller has been cleared. No quote for even 25k online at 8.25p atm
Hi Hoof,
Have I been quiet have I?
I am adding some more tomorrow morning so selfishly quite happy at the depressed share price