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No idea wishihadnt, I guess it heavily relies on the ramp up speed of blesburg, lithium price, average grade and how much they can get for the byproducts. And once free cash flow is achieved, how rapidly they choose to expand.
For once I'm not going to do any calculations as they don't appear to be too popular 🤣
Bulletin board opinion is now discouraged. Only facts from official independent reports are now considered acceptable.
Revenue will most likely arrive before these reports are issued, but we can't trust revenue alone until we see the official independent reports confirming the resource sizes and the economics. Kind of a catch-22 really
Hi Andii. I have been pondering the possible starting amount of a first dividend payment at the end of the year perhaps. Taking into account guesstimates of revenue/profits at that time,a sensible yield on the possible share price plus the assumption that the twice yearly payouts will be of equal ammount, I came to the conclusion that 1p per share would be easily affordable. Am I talking b******s ? I actually came up with a higher figure but have curbed my optimism! Would be grateful for your thoughts. Thanking you in advance, Wish.
* 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.
Posted at 22/2/2024 11:54 by gasman10
* 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 ÂŁ30m 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 exceed the operating costs of the mine ?
* Any new lithium mines brought on stream in that
â—¦Updated presentation will be released and will include numbers on both Blesberg and Kinusi - operating/mining processing/admin and revenue streams and margins (This is potentially delayed due to new input from Jana changing the Kinusi economics)
â—¦Lithium oftake agreement Lithium (Monday/Tuesday)
â—¦Blesberg phase 1 results / JORC statement â—¦Blesberg Airborne survey results â—¦ Blesberg Satellite survey results â—¦Kinusi Phase 2 drill plan/commencement (Hopefully an announcement soon, might be included in a more general operational update)
â—¦Tomra COM XRT 1200 ore sorter arrival at Blesberg
(Expecting this in the last two weeks of march)
â—¦Blesberg non Lithium arrangements (Likely not until the non lithium sample results come back)
â—¦Korridor update â—¦New Auditors and expanded finance team â—¦Nyorinyori and NyoriGreen phase 1 staged share payment â—¦Nyorinyori and NyoriGreen phase 1 results â—¦Nyorinyori and NyoriGreen phase 2 exploration activities updates â—¦Zimbabwe Lithium â—¦Kenya Copper â—¦Kenya Lithium â—¦Bagamoyo update â—¦Bagamoyo phase 1 staged share payment
â—¦Bagamoyo expansion? â—¦Community engagement updates â—¦More Exercise of warrants
â—¦Environmental, Social and Corporate Governance update? â—¦ Research / Brokers note (Could land at any time)
DISCLAIMER - All of the above is my personal view and not company endorsed
Yes and in some respects a lower turnover gives them the incentive to increase sales faster than say a larger company. Also it creates mutual dependency between the supplier and offtaker.
Ah the below should be $190m not billion.
https://find-and-update.company-information.service.gov.uk/company/12710538/filing-history/MzM5NDkwOTkwNWFkaXF6a2N4/document?format=pdf&download=0
Small profit margin however so hopefully they have struck a great deal with us
Thanks to Craig on telegram.
Offtake RNS on Monday is with Fujax with ÂŁ190b revenue in 2022.
"Just took a look at Fujax full accounts on companies House. UK incorporated so easy to find. Turnover ÂŁ190bn in 2022, boils down to ÂŁ1.422bn profit . Actually similar or higher revenues to Mercuria"
Confirmation it is the Lithium OT that was being finalised!! 💥⛏️💥
https://x.com/marulaplc/status/1766071379248710019?s=52&t=8TEeQFBMfWx-rw3r7z88FA
I'm looking forward to finding out the volume and value of byproducts from Blesburg lithium plant as we have been told they will more than cover the operating costs.
https://twitter.com/MarulaPlc/status/1766045901800272044?t=b97BOy2vpXVLXXhmEBl9lw&s=19
âš’ Samples of Coltan/Tantalum, a high-value by-product of our lithium mining at Blesberg Mine, are en route for testing and assay.
#MARU #BlesbergMine #Lithium
@MarulaPlc further upside in 2024 #MARU Copper coming on 2nd Q, Graphite late in the second half of 2024 @JB_MiningAfrica Off-take agreement finalised while in #London RNS inbound on that one @ZaksTradersCafe target up to 18p, then over & above that 25p which is still cheap https://twitter.com/Share_Talk/status/1766057743046115613
https://youtu.be/0lUlmkb6Qbk?si=obRi_1L0cfopiGx6
Family emergency had to fly home ,at hospital most of today will try and get ot rns out for monday
Jason says NSE listing pushed back until April. Understood it was to be this month.
I guess he's not needed.
Thought Jason was in London for EGM tomorrow afternoon.
From interview today it's been finalized.
Get ready for take off tomorrow
On his flying visit to the UK, Jason gave up his time to call into the London studio this afternoon before boarding a flight this evening back to Nairobi, Kenya.
https://twitter.com/JB_MiningAfrica/status/1765757237656715386
November last year when Jason called into the studio, the share price stood at 9p now it is circular 14p. There is a lot going on with Marula Mining, three listings are due, dual listing on the Nairobi stock exchange, and the first-ever mining company to list.
https://www.share-talk.com/jason-brewer-ceo-of-marula-mining-aqse-maru-talking-to-share-talk-in-london-studio/
Update from Jason on twitter.
https://twitter.com/JB_MiningAfrica/status/1765637037795713517?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Rains,
I've not asked again. Feel free to message him yourself.
I found info on feed rates in this RNS
https://polaris.brighterir.com/public/marula_mining/news/rns/story/w6mp5gx
"The Processing Plant has been designed with up-front crushing capacity of 20 tonnes per hour (“TPH”) with initial milling capacity set at 5TPH and with the capacity to be increased to 20TPH"
The initial target contains visible high grade material but not sure on its average grade.
Let's assume 2:1 ore to product.
5tph at 10h/day x 30 days = 300hours x5tph = 1500t at 2:1 = 750t of copper. $1000/t for 20% copper = $750k/month revenue
At 20tph that becomes $3m/month revenue
No idea on opex but if it's anything like blesburg it should be under 30% so quite a nice profit margin.
$15-20m profit a year? 300%IRR or more?
This not showing up on here,out today.
https://www.investegate.co.uk/announcement/prn/marula-mining-plc--maru/appointment-of-community-relations-manager-an-/8073884
I'm sure Jason said update this week and he's now in London.
Excellent post, thank you Andii and Kev W.
I had started creating a 'family tree' of Q Global, GMI, Marula, Muchai, Shuka, NEO, Takela, GIM and more, but this pdf is v interesting and much more detailed than I had developed so far.
Thanks for sharing.
DSO is direct shipped pre.It is graded by partial size and weight???
You are a numty.If you are so hung up on official results go buy rio tinto.
The PDF with RNS's divided into projects for you (again). Credit to Kev w on telegram thanks mate.
https://mobidrive.com/sharelink/p/3rOAlTRnizcTnUp3YCawr250ZJ66urtJOAKFmlLvgXjg