Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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https://miningzimbabwe.com/miners-want-diamond-royalties-reduced-to-7-5pc/
Jason on Twitter just posted a couple of articles the one below reform of
red tape the other is miners in Zimbabwe asking for a new 7.5% tax rate
https://www.sundaymail.co.zw/milestone-investment-law-imminent
Nap on,
The market has not at all recognised the ramp up of manganese production for MNH .
Napom, I see by 2021 sales will be $80 m per year but any idea of % profit of that .
If prem get 10% that is tremendous
So many reasons to be in this share.
Excellent Noel
Some great stuff there bottompicker, NaPoM, and mattwales
actually read the lot including page 10 which shows how large this is.
13% of potential strike of 144km drilled with other area potentials thrown in i.e they seriously could go way beyond 38000 tons per month (obviously depending on what is there)
because you cant expand production almost 8 fold overnight it's in a rapid staged development
Read the presentation: page 3 highlights what the equipment bought is and page 5 the high expansion aims of the project
https://www.premierafricanminerals.com/investors/corporate-presentation/download?path=190712%2BOM%2BPreso%2BJuly%2B19_FINAL.pdf
If they already have the plant why are they not already doing 38k tonnes per month ?
This manganese project is a cash cow for prem.
They have 2 processing plants running at 100 tonnes per hour. If it was to run 8hrs a day, both plants could reach volumes of 1600 tonnes per day or 48000 tonnes per month. They already have the capacity to reach the 38,000 tonne per month target for 2021. So no extra plant is needed to expand in the long term.
Most of the revenue is pure profit.----REALLY!!!!!
Manganese production at Otjozondu is a low cost open pit operation. The owners do the mining and processing themselves. They dont use any mining contractors at all. Most of the revenue is pure profit.
Any RHA revenue will go straight to prem to its loan account of $14m owed by RHA
Bottompicker
How are you reading my posts--
If I may reply
I take it you are referring to revenue derived from declared dividends--yes that has merit although be mindful that expanding the operations may increase turnover not always increasing profits
Plant etc--agreed--but this will come at a cost to Prem--MNH is not running a charity.
Good old Circum--every Xmas.
IMO we will not recover the debt--what I envisage is that under the new rules RHA ownership [100%] will be given to Prem
Zulu--a question of size V viability--awaiting DFS before putting on rose tinters
Gold--maybe--will have to sell to government.
REE--already discussed.
Dattels--no sign of Dattels getting directly involved
Herbert has already served on Prem board
Newco
Shareholders have always agreed--why change now.
1. Revenue from MNH that prem will benefit from.
2. Expertise, equipment etc from MNH that prem can benefit from.
3. Value of Circum due for update by year end
4. Value of RHA including reclaiming debt of us $14mil plus management fee, plus plant higher fee with prem categorically not having to put another penny in?
5. Value of existing Zulu resource estimate
6. Value and potential for numerous licenses especially GOLD over history rich and proven area as well as extending the existing Zulu lithium resource to probably the largest hard rock lithium resource in the world?
7. What about Katete huge REE resource?
8. Why the billionaire mining legend Stephen Dattels invested.
9. Why Neil Herbert come on board?
10. Why does Brent Stanton owner of MNH want in on merger with prem when he already has a cash cow manganese mine?