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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
Hopefully, we may get a bit of fomo setting in the next few days in anticipation of bond and pfs.
In March ‘22 we were in the 60’s I know, because that’s when I bought in…..
To be frank it would be a massive relief to have the bonds sorted out- June 22 since the engagement of broking syndicate and still we await confirmation. can't remember but we were in the high 30's spread wise.
Also with the bond news, there was a promise sometime ago of a ‘great story to tell’ with rumours of a mine acquisition….wonder if that’s still the case?
With the PFS and Bonds due, could this turn into the perfect storm for PXC? Think we deserve it after all the missed deadlines and promises!!!
I am going by the 26th Jan 24 rns they said completion of PFS by late Q1 and early Q2. I'll happily settle for end of April if they do deliver, after all what is 2 weeks when you have been waiting for years.
I also think the bonds are somehow linked with the PFS. if one happens the other follows quickly thereafter or simultanously.
Yeah we need some solid value enhancing news. Owning this share is draining.
I would think that's rather a narrow definition of early Q2. I would consider early Q2 as April 2024. Bonds are likely before PFS - that way the PFS could be further improved by owning more pre-loved kit. Owned kit can be specified in a PFS; if not own, new cost applied. The ticks up last Thursday and yesterday, with some quite big buys (not mine as not trading this), suggest news might be forthcoming.
Posted on Telegram yesterday by DP, reposted by me here for those that are interested:
"I expect this month to be very significant. We are scheduled to get the PFS and I expect it will be pretty impressive with the assumed prices on metals, but if you plug in the current prices it will be materially better. It will for the first time give us a solid economic framework to discuss."
Back to waiting patiently. GLA. DYOR.
They said PFS by early Q2- that is by the end of next week- lets see if they do deliver this time.
Paid actor
.....plus SP rising looking good. Get the placing overhang cleared and we should be back towards 40p and beyond in no time. Lots of defining news due shortly so fingers crossed guys ...;o))