Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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It’s funny how your best is 1 or 2 posts every few days normally and when you have over leveraged yourself on T20s it’s 5-10 ridiculous posts daily on muktple sites.
Doing your best…you narcissistic sanctimonious self serving 🤡
You're just not very nice, are you SM...
Like DBW I'm doing my best...researching, analysing and posting what I genuinely believe...f
Filtered...
The great green box galah is up early!
Orthern
Political risk still there but greatly reduced ….. Scott getting boxes ticked …… copper looking to be on the up.
It’ll come ….. but no one will bid low because it will be rejected and no one wants to become a stalking horse
Ortherncopper I have answered this countless times.
We are able to defend because of the diverse book.
Other prospects can be brought cheaply as it's easier to get them cheap.
We have so many shareholders and no one party can be approached to agree a deal.
They won't go hostile because it would cost to much.
It was true ten years ago and still true today.
If anyone wants to buy us, they have to find out what the major shareholder's want.
If they cannot do this, then we proceed with a low cost start up to become self financing.
No one seems to asking why these majors are choosing to buy the other options.... and not Solg/Cascabel.... after all the hype over the years, they are opting to put their money elsewhere..... Its a concern.
No sure on the complexity of mine in Botswana vs Alpala (Block Cave) but any industry 'transaction' like this gives a pretty decent read across fellow resources and assets. Even if you discounted Alpala heavily due to block cave technicalities... you could justify £1 per share and that doesn't include the other 60 odd licence blocks in the folio.
Most brokers have retained price targets of near 70p a share so that correlates with about £2.1bln or $2.6bln on exc.
I guess the question or issue come s down to what discount you apply for blockcave.
Rio are spending close top $7bln on Oyu Tolgoi in gobi desert and if I recall they were looking at extracting about half of what Alpala has.
Haven't see recent number on OT as imagine they have risen with inflation.
Originally, Oyu Tolgoi was expected to cost about $4bln. Alot has been learned by Rio's mistakes and more recently OZ Minerals and BHP are defining the new path to lower risk less capital intensive mining whcih we know Scott and Bob are now following in their footsteps ... oh the irony!
What version is the truth novice?
"Well on a positive note at least we wont see 7's till the end of next week which is my average buy in price... will we ?😓"
Or
" a level and realistic head needed here now otherwise you will lose money if selling depending on your entry price of course, mine is around the 9 to 10p average so not too alarmed but obviously not happy with the Here and now. Don't forget whats happening in UKR will only hasten the need for demand of copper and we are sitting on a shoot load.
Nothing from the board on a week that we have dropped 10%. I'd love to be a fly on the boardroom wall atm
Have a great weekend all
ONWARDS & UPWARDS"
😉
It's a ridiculous share price. I don't have cash but if I did I'd put it in here!
Sharket
One has to suspect, that with the current level of his ramping daily, he is under real pressure to turn a profit on those T 20s.
I suspect he has taken a short term loan/ overdraft or credit card to fund those buys, nothing else could explain the mindless daily ramping .
Brilliant find? I doubt you even bothered reading the article as you don't come away with that sentiment. Honestly redknight your credibility on here has been shot to bits over the last fortnight. Incessant, mindless ramping out of sheer desperation. You should know better.
Aquinaga.
Nice to see you've toned down your vitriol.
Suspension obviously working
Thats yesterdays date...brilliant find DBW!!!
RK, you are absolutely correct that it isnt a straight read across. You might struggle to compare reserves to reserves?
Having said that its definitely not bad news.
Lasso addressing serious energy deficit in Ecuador before he leaves office ……..
Plenty of hurdles to overcome and obvious geopolitical issues but we are getting there
“ The Chamber of Mining highlights that, despite Conaie's mining opposition, the Government signed key investment contracts, such as the contract with Curimining for the construction of the medium-scale Curipamba-El Domo mine, in Bolívar. The terms and conditions contract for the exploitation of the Cascabel concession, in Imbabura, was also signed with the Australian SolGold. This is projected to be one of the largest copper mines in the world”
https://www.primicias.ec/noticias/economia/lasso-pendientes-electricidad-apagones-mineria-telefonicas/
….and??
Teir one of this size is worth a sale price of £1.5bn …but can we get someone now to pay the price?
Don’t get me wrong that would be lovely but that’s been the range for about five years !
Will be very surprised if it gets to the £1 mark but if it did it will have been worth reading a hell of a lot of nonsense on this board for a decade!
If we can get to 60p or above that’s great below that I will feel robbed. Before anyone says anything Ian less hopeful of that price than at any point for approximately 5 years.
I hear you Tesla, sentiments does have a role to play.
I do hope that the problems in Panama will focus interest in Ecuador. It would be nice to hear more about the in depth due diligence currently on the way at Cascabel.
And even if you deduct the cost of building the mine, its still well over £1...
But there is far more to find at Porvenir, Helipuerto, Rio Amarillo, etc...etc...and a huge footprint into the Ecuador mining industry from which a dominant position can be built...
So I say again...with 20 interested parties in the data room, maybe it is how the hell to value this basket of riches...
Sorry...forgot the link...
https://www.mmg.com/media-release/mmg-to-acquire-khoemacau-copper-mine/
Thanks to the poster who gave me the headsup on this deal...for all the dismal jimmies who think we will only get 30p or so, read these metrics.
Ecuador is ranked 62 in the world for GDP ($106BN) and Botswana 114. ($18BN)..
The Chinese State (through MMG) has paid $1.9 billion for a mining company that is, admittedly, prpducing 50/65kt increasing to 135/155kt for a 20 year mine life.
Cascabel will produce an average 265kt
It has eserves of copper (6.4M tonnes) and silver (263m ounces)
Solgold has, so far, 12.4M tonnes of copper, 92.2M oz silver, BUT 26.7M gold
So at current prices, Khoemacau's reserves are worth $55.5BN
Solgold's are worth $162.7Bn
Now of course its not a straight read across, but theoretically the price for SOLG would be $1.9bn x 162.7/55.5
i.e. $5.57Bn or £1.50 a share...
Enjoy...
Eloro
Of course it isn’t pleasant when your investment is down, I get that, and if you have made a sound investment value will win out in the end.
But there are a few rampers of which red knight is the main culprit who will pounce on anything slightly positive and ramp it to death, anything negative will be ignored unless he has sold, which he does do. He misleads the board based on his agenda and position which in my view is not on and why I despise the poster.
These rampers also don’t accept there is any risk and a buy out is a done deal, that is extremely dangerous to people reading their posts and it is designed to mislead readers into buying and digging rampers like red ramper out of the huge hole he is buried in.
I would say there are 2-3 posters currently in that position, Red knight followed by fort, then to a lesser degree DBW.
I don’t put 1984 in that group, as although he is bullish and posts there will be a buy out, he doesn’t out and out ramp like red ramper does and his view is a valid view to take because that may happen.
Https://www.mining.com/first-quantum-to-halt-panama-mine-if-blockade-goes-on/
Dalton Baretto, an analyst at Canaccord Genuity Group Inc
https://financialpost.com/commodities/mining/canadian-miner-solaris-china-ottawa-curbs
Https://www.mining.com/jiangxi-copper-boosts-stake-in-first-quantum/