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Should have news on manganese next week looks like some buying going on looks good for end of month.
Guys who has the last news from Blesberg? Was it in an interview? Brewdogs not mentioned old bles much lately. Gulp
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 $$$$$$
https://twitter.com/JB_MiningAfrica/status/1790380305913712715?t=W224gk2_PMwipoEGOVCaFw&s=19
Conservative manganese production 17kt per month
https://twitter.com/JB_MiningAfrica/status/1776148246714351837?t=51V3hP6G90n9p9S5cdwzrw&s=19
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Manganese prices up 33% in the last week
https://x.com/JB_MiningAfrica/status/1790031106911219967
********************
Manganese blasting this week and sales next week $$$$$$
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
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.
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
There was a message a few weeks ago about a distressed seller 720k that would explain the 30k a day over the last few weeks I am locked in at 12p so going to sit it out.The story here is explosive at some point the earnings are going to hit hopefully rebate then to what I do not know.
Exactly it is a small dilution that has been known about for 18 months so doesn't explain the halving of the SP over the last 3 months. Weird as cash flow should now be strong - hopefully we can get some firm numbers soon
That's 12%over 3years nothing at all
Will you just FU**k off will you .I don't want to block you but you are a first class gold plated dildo.People want info not some dick with a personal vendetta
Why are people complaining???
You know there will ALWAYS be a seller if they are buying 23 million warrant shares at 4p all the way until 2027.
My investment here is ducked. I think I made a mistake hehe
Why are peopl
Unfortunately Del Boy brewer runs both companies and as you can see in both share prices his lies have finally caught up with him.
Even Andii has given up saying how wonderful Maru is.
Jason has taken something that was ready to go last year and destroyed it.
A few bob in Maru and a few bob in Neo. Neo for an explosive move this month, Maru for a hold this year.
Topped up yesterday and again this morning, will be glad I did when the market turns for junior miners/explorers.Have always thought it would be H2 when rates start to trend down,excited at prospects going forward. ATM same pool of money moving round looking for next big thing etc etc.GLA.