Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Once it lands 35% increase INO
Thanks for posting booboouberbear.
Lovely clear shots
and ready to GO!!
Huge rerate to start
It looks like they are on target, expect an RNS this week, Thursday or Friday IMO
Looks like they have experienced a lot of rain. (In some ways that is good).
https://www.linkedin.com/feed/update/urn:li:activity:7046426401117278208/
Just posted by the Singida GM, looks like pre-crushed material going up the conveyor belt and into the ball crusher perhaps.
End of next week / beginning of next for first gold pour confirmation IMO.
Went from negative to positive, time will reward the holders here literally sitting on a gold mine waiting for the next bank to go bankrupt haha
producing for years but have quite a few mishaps, and the previous calculation doesnt include west kenya, which will need money to build but still
used to trade centamin quite a lot, but they just cant seem to get out of their own way sometimes
CEY is a long established mine that's been producing 400K-500K ounces for years and years.
So is rated highly (PE 12.4) delivering large profits every single year.
Could account for the discrepancy.
I'm not a CEY shareholder
Just saying....
Indeed, Shanta AISC was $100/oz lower than CEY in FY 22 and Q4 22 and is expected to fall again once Singida is online.
If Centamin is producing 440,000 per annum, and Shanta at 100,000 (with confirmation).
Centamin is producing 4.4x more than Shanta and is worth 1.1billion market cap, therefore Shantas 131m x 4.4 = 576m, therefore Shanta is currently 50% undervalued.
Once confirmation of 100,000 oz annually, Shanta should in theory double, also Shanta is a lot more efficient than Centamin per oz.
Not that it matters.
Perfect storm here.
POG extremely high
Ramp up in production to 100k oz per annum any day
New ISA allowance next week
Everything is looking perfect for a huge re-rate
If you look at the buys and sells the last hour, the spread looked bigger than that
12.46 - 12.78 is the actual spread im getting
Surprised by the large spread
Hedge eye very bullish gold
Agreed, another well know article saying gold to average $2150 in Q2, if true coupled with the increased production, this could quite easily double
Ticking up again.
With so much uncertainty in the market, this is a safe haven
18p/20p easy
But by end of summer 25p for me
I think anywhere between 16p and 20p
Looks strong in the morning here, wonder if the RNS will arrive ? If so how much will it go up by ? 30/40/50%?
Grasshopper say, You shouldn't make deadlines/targets for yourself especially when you have zero control.
Tuesdays are often the day chosen by SHG to release news. It would be nice to hear that Singida has started production on time.
Ramping up production when gold is near $2000/oz is going to push the SP much higher