Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Finally good news. More due today as per the RNS, maybe a surprise on funding. I for one am glad the herd are not here yet, let's carry on on the QT for now.
There could be a takeover now!
Well there was good news today ffs if you look at the RNS
If you look at the history over the last three or four years you can see that no PIs have any volume here. The share price dropped 90%+ so quickly and then the consolidation that very few have the kind of volumes being sold now. My 22K that I invested when Los Calatos was "of public importance" is worth 2k. This board messed this company up good and proper. What's next? Good or bad news? Probably bad because I ain't seen good in years.
Beggars belief that ggp flying on nothing and MNC have 10% of their mcap with Dfs done!!!
If they found a diamond mine and struck oil nobody would be interested. This share has a scull and crossbones next to it.
Not bad figures, still wouldn't of sold lc, I still have no confidence in Howe but Miraflores looks promising
So there's the JORC, let's see what happens.
Metminco Limited Positive Findings For Miraflores Feasibility Study Source: UK Regulatory (RNS & others) TIDMMNC RNS Number : 8879T Metminco Limited 18 October 2017 AIM ANNOUNCEMENT 18 October 2017 Miraflores Feasibility Study Delivers Positive Findings Metminco Limited (ASX: MNC, AIM: MNC) ("Metminco" or the "Company") is pleased to announce the completion of the Feasibility Study into the development of its Miraflores Gold Project in Colombia, which has further demonstrated the financial and technical viability of the proposed operation. HIGHLIGHTS -- Feasibility Study confirms Miraflores Gold Project as financially robust and technically sound; -- Average annual production of 45,000 ounces of gold and 22,600 ounces of silver over approximately 9.5 years; -- Total forecast capital cost of US$71.8 million (excluding contingency of 7.67%), with an additional US$18.5 million in sustaining capital required over life-of-mine (LOM); -- Estimated LOM cash operating costs of US$599 an ounce and LOM all-in sustaining costs of US$643 an ounce; -- Estimated LOM undiscounted free cash flow of US$150 million (using US$1,300/oz gold price); -- Net Present Value of US$72.3 million (after tax, 8% discount rate) and Internal Rate of Return of 25% (after tax). -- Maiden Ore Reserve Estimate Reserve Classification Tonnes (t) Gold (g/t) Silver Contained Contained Metal (g/t) Metal (Koz (Koz Ag) Au) ------------------------ ----------- ----------- ------- ------------ ---------------- Proven 835,606 4.84 2.73 130 73 ------------------------ ----------- ----------- ------- ------------ ---------------- Probable 2,142,741 4.16 3.21 287 221 ------------------------ ----------- ----------- ------- ------------ ---------------- Proven + Probable 2,978,346 4.35 3.08 417 295 ------------------------ ----------- ----------- ------- ------------ ---------------- Planned dilution 1,347,867 0.91 1.42 39 62 ------------------------ ----------- ----------- ------- ------------ ---------------- Source: Ausenco, 2017 -- The Company announced in September 2017 that it had received approval from the Corporacion Autonoma Del Risaralda (CARDER), the environmental agency in the Department of Risaralda, Colombia, to construct up to 2,000 metres of underground development under the Company's existing Plan De Manejo Ambiental (PMA). The Company is assessing options for funding the underground development. As part of the study, Metminco has declared a m
Once the DFS lands this is going to the moon. Absurdly undervalued for what the company have. Should be at 10-12p right now.
For starters where we were just 6 months back. Then when FS lands we can fly from there .
Roll on dfs and the proper rerate It’ll be an intraday bagger
Up 20.7% in Oz. Start of the rerate here imo.
Everyone will be buying on news not selling. Magic. Monday morning DFS anyone?
Yes thanks seen my trade on NEX. the bid was still at 4p but wouldn't even allow 50k trades for less than 4.5p so coundnt buying in bits but happy with price i got in at.The dfs should Rerate the share price into double digits and cant be far away now.
Nice buy there Barney. Your 320k is showing on the NEX exchange. Good price you got there considering institutions bought in here at 7p just a few months back. Imo we could see 15p here on a good dfs.
I can't believe there have been no trades since lunch, I think there will a late flurry
Ah well! Perhaps next week will have multi bagger day. Moves very very fast!
Once the DFS lands it'll go gangbusters!
The lack of a track to use in Peru started this observation off for me Does seem I have been here for ages going nowhere, am I about to see a change?
Asset never been a problem with MNC Its the Management - there track record is terrible
Just bought in 320.000 good luck all
Where is everyone? Looks like mnc is under the radar with lse punters. 2.8m oz gold resource and dfs due soon. Should be more like 3 times today's shares price imo.
This will be one of those brilliant intraday aim baggers
12-Oct-17 14:03:30 3.51 20 0.70 O