Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Casa Mining's Project comparison: Kibali (Randgold) - 586,000oz Twangiza (Banro) - 104,000oz Namoya (Banro) - 93,000oz Akyanga (Ortac) - 100,000oz - 250,000 oz? Akyanga deposit has 1.05Moz inferred JORC resource (2017) at >2g/t - Simple metallurgy - >90% recoveries - Good infrastructure � benefitting from Banro�s regional infrastructure - Proven robust economics for small scale operations Casa is aiming to increase the JORC resource to upwards of 2m au/oz by Q2 2018, and a final PFS by 2019 Q2. All of this is currently not factored in the share price. The project at Misisi has the potential to be one of the largest gold mines in Africa, just like the nearby Kibali mine of Randgold.
Will drive this during 2018 with Casa and Zambia as core. Implementation already started and will this year culminate imo over Q1 with 100% Casa plus resource increase and Zambia getting unlocked, in addition we will raise as much value as possible from non core assets. Our mcap makes this a very compelling stock for 2018, let’s sit back and see our transformation.
If anything, I have added to my position this year. Gold has just breached $1320 briefly yesterday.....the bull run has not even started for junior gold miners...I have been long here long before the all the current holders of last 2+ year.....this is the calm before the storm. And TBH, I am already on profit with my average entry, but I am not looking to exit at a price where this is still so undervalued. The geopolitical risks for the projects are already factored in the price, otherwise an mining company with two PFS ready project ( with life of mine value of $5+ billion) + and another two projects with all time high commodity prices should be sitting upwards of 25m-50m+ market cap. This will move up shortly and not just move but explode up on news from multiple fronts. Just because the market hasn't factored its true potential yet, doesn't mean it is going to be sitting at 2p forever.....
Your share predict predictions are falling all the time CC. Must be a sign you are losing confidence. Is anyone still listening?
The rise would come, when the market would expect funding through placement but the finance would be sourced alternatively through possible joint venture/partnership...a potential 3-10m au oz project where more than $30m and 7+ years have been spent tells something about the resource potential....
Funds needed, so another placing needed.
Of £5.8mio for OTC. We all know that we will not stay sub £10mio for much longer, the Casa stake increase has certainly not fed through yet, which gives an incredible top up opportunity.
Westie, optiva's target of around 9p would just take OTC MC around what the current net asset is. 9p would still not reflect the true potential of the assets that it holds across multiple jurisdiction. Initial target between 15p-25p seems a reasonable target. Especially when OTC is going to soon have 70% control of the huge multi-million ounce gold mining project at DRC. Disposal of two out of the four OTC asset stake can help to advance the cause of the most favorable two projects that OTC has got. All in all, I still believe this is undervalued by a factor of 5x at its lowest valuation (Target MC - 25m). Some huge partnership/joint venture RNSes can really make this one takeoff. And with the highly experienced directors from the Casa joining the Ortac board, things are really looking upwards for Ortac.
Indeed CC. This will take time so patience is needed here. Hopefully soon though we can reap 100% of what CASA has to offer. Some might ridicule me (they're now on filter) but a respected broker did use the words "multiples" of the current sp. They might be working for us but they're not going to tell an outright lie, so I do think their view holds some weight.
Ortac is one of the most exciting junior AIM gold mining companies in AIM. We are still in consolidation stage....
Couldn't agree more with the previous comments. Ortac is a changed company from a year ago. As you say, another brick tot he wall
I think that the plan is to get 100% of Casa, increase resources, Jorc etc and then spin out/ipo/sell at a much higher value to OTC. As I say 2018 will be fun.
exactly my thoughts....another brick in the wall, decent personal is at the base of every success story.
Great RNS re board appointment which is just another piece of the exciting 2018 Casa puzzle. I’m topping up expecting this to be a transformational year with the new board delivering on their strategy.
Why? I am setting my sights on tiny fractions of current SP the way things are going.
Fair point ARahim re further dilution but they're still going to need more cash going into the 2nd half of this year, So i guess loan facilities is the other option. I agree Sturec isn't 'dead i the water' as such but only in that they won't be throwing any more cash at it and will look to sell - possibly.
This job suits you best, SPOT, are you going to start de-ramping again, it is time now, here you go. just start you session before market reopen tomorrow. bad habits die hard
"The negotiations are tough ".....lol, are you the person who hands out the tea and biscuits at these meetings ?
I would not say sturec is dead in the water. the fact that there are more than one party interested in sturec means there are a number of different offers on the table, the negations are tough but not impossible. The best solution for ortac is to get the money invested plus some return on the investment = £10m + ~m6 The worst solution for ortac is to get some cash to speed up exploration in DRC or may acquire more stake in Zamsort ; £2m..£4m. one thing the boss stressed in his previous interviews is to get value back to shareholders, another dilution is not one of them.
i'm waiting long term for a double bagger and hopefully more than that. I feel OTC will need to raise more cash though in 2018 which might hold us back a bit with the dilution.
it could well be 3x and above. Net asset as of last result - £17m, Market cap - £5.5m. Above £10m spent on slovakia, and above £25m spent across multiple projects at DRC, Eriteria and Zambia. Over the last 5+ years, mining stocks have experienced one of the biggest, most destructive bear markets. 2018 would be the beginning of the reversal... commodities/metals followed by majors followed by juniors....
Sorry all, my mistake, it wasn't this interview where the name change was mentioned.....
I always find the Proactive interviews pretty lame really. Thought this one was funny as the interviewer seemed more excited that OTC were considering changing their name... :-)
The Board players had been around a fair while before the changes and in what is a small outfit would have been discussing and well aware of the issues re Sturec for some time. It took them a while to decide it's non core. I'm struggling to believe that anyone will want this at anything other than real bargain basement prices. To your point ARahim, OTC being prepared to let it tick over due to a "stalemate situation" is as good as Sturec being dead in the water.
It's always worth looking at old ground. The podcast contained comments confirmed in the recent RNS about Sturec intentions and the fact we will concentrate on our African assets.