Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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"Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton)."
I would think by end of 2025 we will be above $12K and circa $1K a tonne increase each year taking it to a high of $14K or $15K
All irrelevant here if things don't go to plan with the financing - I'm betting they will though :)
Yes fully agree with the frustrating sentiment ! I just keep telling myself that the company are following a professional and diligent pathway in order to attain the maximum output from this mine. This takes time and patience. Ryan knows 100% what he doing so trust he is working for us in the long term. No cutting corners at any cost !
Looking good for the future we just need to get the metals out of the ground before hell freezes over!
A somewhat impatient but still optimistic Ducks.
Amidst the fluctuations of the copper market in 2024, anticipation runs high for the red metal's trajectory. Recent analyst polls indicate a projected average price of $8,625 per ton, reflecting a resilient 5% increase from the year's outset.
Factors such as supply shortages, spurred by closures like Cobre Panama, and the surge in demand for energy-transition metals are key drivers. Notably, India's urbanization is silently shaping the market ahead of previous forecasts, catching investors off guard.
Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton). We'll also spotlight projects deserving investor attention as copper's long-term journey upward unfolds.
A sudden raft of welcome buys- a little blue, hopefully, fomo setting in for anticipated bonds and/or pfs.
If only they could mention in their next rns, that they have observed rare earth elements (joking), we could do many bags.
Its a good option for us. Deffo more confident about securing some finance if bonds don't complete.
With the bull market in cu anticipated-I would have thought the bod would explore the oftake route to production if the bond buyers are being difficult.
....Gold and silver could have quite a way to go yet. Silver especially when compared to Gold.
I've done my Bed and ISA today. Great bit of luck at this low price if SP does go up. Huge tax saving.
11.70 is a buy, done a small top-up.
Or even down to 11p now....although some are related to share/tax balancing in the new fiscal year!
Any trade above 11.8p today was a BUY...(possibly? also some below 11.8)...but because they "appear" to be sells....a few have been tricked into selling around 11.75 to 11.51p.......Be aware!
The 2021 NPV would likely of been based on sulphuric acid and two stage processing. Copper production for 5 years then other metals for 5 years. The whole process is now likely a single pass for all metals over 5 years. Needs confirming in PFS I guess.
Thanks MTSparky.
Comparing with current prices, makes for some nice reading.
No more posts from me - 3 is enough for the week lol
PXC NPV $105m pre-tax used Cu $3.8, Zinc $1.2, Gold $1825 and Silver $27. This was 2021 though.
Lol mates rates!
As for PFS - aha just read it, Jan RNS
"The PFS for the Empire Open-Pit Mine is nearing completion, and barring any unforeseen delays is anticipated for delivery to the Company by early Q2 2024."
Was having a look at the last corporate presentation - plz could someone tell or direct me to the prices used for copper-gold-silver-zinc for the $1.36B M&I and $600M+ Inferred resource.
Being cynical, it could have been a play by the BoD to get the SP down to let the stakeholders buy shares at a lower price. I'm sure they will get the nod on funding and buy in (or get out) at the right time....;o))
Copper-gold-silver prices are soaring but not the PXC share price (yet?)
i do appreciate they are not a producer so is the market cap due solely to the cash situation (raise earlier this year at 11.5p) and bond/PFS news?
Back on my watchlist again, while more research is done.
StanleyUK...that certainly makes sense...you could have sure joined the dots better than I! That would be a great scenario!
Just a post I did on ADVN just now..replying to a "non-self informed " who thinks the BOD is just raising for their own salaries...and buying equipment as a ruse....lol! :-
"It's really quite simple/easy....the tortoise won the race! FULL STOP.
.....by processing all cu/au/ag at once (although starting later)....and causing frustration with retail investors..(because these R.I.s choose to not "DYOR" properly to get a handle on the strategy and why apparent slipped timescales etc.) makes great sense!
.....more money/revenue will come in sooner than individual steps....and your SP should/will reflect this....when the market properly understands!
IMO if you have any further "thoughts" and "concerns" reread this post repeatedly and/or contact the BOD...even read ALL previous RNSs....and get up to speed!
...don't be surprised if your reaction leads to uncontrolled purchase of PXC....but try not to buy OTT....lol!"
GLA
I think InTooDeep’s post is more likely, Bankrupty.
Bonds first, then PFS. The money will then allow us to purchase more secondhand equipment that will reduce the capex within the PFS.
The ball mill purchases are complete and they will arrive onsite during the summer, once to groundwork is finished (it’s still snowy on Mackay Peak).
The PFS is all but done, but likely being held back for additional purchases once we’ve got the cash in the bank.
Nearly there. As Paul stated on Telegram, this should be a very exciting month.
Yv00,
as per last RNS 2 weeks ago,
possibly waiting for the equipment (ball mills) to be finalised in purchase to do the final PFS tweek......I'm guessing this month is what Paul could mean in post 10625 on ADVN...
....I'm sure there are other unknowns to me to be included also????
It will land in due course as it always does.....evennnnnntually...lol
Per BofA on #copper: China’s #copper smelters agree to production cuts. China’s #copper smelters remain under pressure on a lack of mine supply, so they are proactively managing the operating environment, with SMM reporting that decisions were reached at a recent meeting of the China Smelter Purchasing Team, including joint production cuts of 5-10%. This is worth following as it should support refined #copper imports.
Per Bloomberg: #Copper jumped to the highest since January 2023 as fast-mounting supply risks and fresh signs of a rebound in demand reinforced hopes that the bellwether industrial metal is plotting a course to new record levels.
Analysts and traders have been turning increasingly bullish on #copper in recent weeks, with Goldman Sachs Group Inc. predicting prices will reach record highs of $12,000 by the first quarter of next year, and Citigroup Inc. seeing it hit that level by early 2026.
#Copper has risen 8.2% this year, driven largely by concerns about risks to supply. Mine production tightened unexpectedly after last year’s closure of a giant facility in Panama. Chinese smelters, which produce over half the world’s supply of refined #copper, have been moving closer to implementing a joint output cut because the tightening ore supplies have driven processing fees to near zero.
Post on ADVFN mention that PFS "expected" this month, how many times have we heard that!
I'll believe it when i see it, and it needs to be an actual PFS, not some tosh that's been thrown together into a RNS because the actual final final "final" completed PFS is awaiting a signature from someone on annual leave