Firering Strategic Minerals: From explorer to producer. Watch the video here.
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When NCCL was admitted to AIM they had only had a JORC of 1.8b tonnes of which SRK confirmed economic potential for 10m tonne pa export of thermal coal. Today that JORC is 4b tonnes! Check https://www.ncondezienergy.com/wp-content/uploads/2020/01/218061ncondeziclean-1.pdf for evidence of this.
Today coal is at $270 per tonne so even if we use the old 10million pa figure then that alone is £2.3b a year!!!
Currently Ncondezi is only £4m mcap and when looking at the coal asset alone thats for sale/jv and was confirmed in yesterdays interview that it is all permitted and could go into production in 6-9 months. There will be a lot of interest in this asset which i expect to enter into a bidding war!
Then on top of this the new solar project!
The upside here is beyond our wildest dreams!
Top post bladesharp!!
Tremendous potential upside in the coal JV and solar project. This seems far more likely to be delivered than coal 2 power project that was wholly reliant on CMEC/ Chinese government.
I hope the announcement due by 31/10 provides clear detailed financials on both prospects, as basic analysis shows huge upside.
Both opportunities provide near term cash flow, so should deal with funding issues.
Finally it appears that the LTH’s will be rewarded for the patience to date. I get the scepticism and tough market conditions, but present market cap doesn’t reflect the risk/ reward profile resulting from the recent change of strategy.
Completely agree Benjan. Looks like investors are taking a longer look at NCCL now. it appears prospects have really changed. SP so far looking perky.
Just need that volume to kick in and we are away. "Today that JORC is 4b tonnes" i think HUGE undermines the quantity of coal they have.
bought more few days ago. trying for some today but goign to NT right no w.
Multi bagger potential here
The issue is small free float which means trading in quantity is challenging. Relatively small buys today have resulted in significant price movement. Need MM’s to act effectively!
Minimal free float and huge assets not priced in mean this will skyrocket
,small free float is killin; me ! got an order in but not biting
Those two trades at 1.38 for £6490 x2 caused the jump. Buys over on aquis to at 1.38 on Nccl.