Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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They had a deal with Atlas for two lots of money one for the mine $7 million and one for the Diamonds $7 million as far as I am aware they have only cashed in one and that is for the mine,the other $7 million as not been touched yet and it is there for when the diamond deal is signed so they can crack on with it as soon as possible.
gkb47 - lets see what they come up in the next 4-6 weeks. Another placement would kill any little trust people have with vast and its BoD. Currently I have zero trust in AP. I have less than 5% of shares vs 3 years ago.
Totally agree gkb47.... hard to understand where all the money had gone... especially millions raised for diamonds... anyway - I am not placing any hope on diamonds for now.....
If anything, my expectation as a shareholder is - 1) clear and honest communication from BoD/VAST/AP. No BS, tell the way it is (not sure if this is too much for this lot). 2) share the plan (under promise) and 3) deliver against the under promised plan.
Valuable lessons learnt with VAST/AP....
GL
gkb47 - zim and diamond was always a high risk... I would give AP/VAST, the benefit of the doubt in regard to diamonds/zim.. But no such excuse on BP and poor finance deals/delays - nearly 2 years (20 months) after receiving the BP licence.. when a leader doesn't have a clue what to do, this is what happens... Good deal maker but very very poor in all other aspects of running a business...
Oct-18 RNS... “We intend to publish the start-up works programme in order for shareholders to keep track of the re-start schedule over the coming days and provide regular updates over the course of the next six months as we target initial production from Baita Plai in H1 2019."
gkb47 - lets produce something... lets produce enough to sell... that would be a good start...
"Looking a bit further here but are we looking at BP producing significantly more gold and silver than orignally thought? If so they could make BP very much more attractive."
*$1m FCF per month after payback.
gkb: depends on what other gold results turns up, e.g. at further depths. I wouldn't assume that we'll be selling pure gold by the truck load on the basis of one result, but it does underline that the gold is certainly part of this.
The mine will be very profitable regardless. It can at least break even (or better) just on the copper. So with the zinc and lead concentrates, plus gold and silver credits, plus molybdenum in some form, there is lots of room for profit.
The company/broker minimum estimate of $1m FCF after payback, which means on top of the mine operating cost, implies around $1.9m per month turnover - or higher - since the operating cost is around $800-900k per month. That of course is at capacity, but we do now have all the equipment on site to get there.
Just IMO.
xcoder: "looks like some preparation done on-site on material extracted from the mine before being sold on".
We will be selling concentrate. So there will be copper, zinc and lead floatation, which will also bring gold and silver credits (yes eric, btw, credits). Handling of molybdenum TBC.
Hi Baits. Good question. There is a video on the VAST website that gives a tour of the BP mine. There appears to be a flotation plant there (being upgraded)-so looks like some preparation done on-site on material extracted from the mine before being sold on.
What do the MMs want to push this up,are they stupid or do they just like to pi55 people off.
Thank you woodaldo I thought you was saying it is not a gold mine and they would not be interested in the gold silly me.
ontarget, you seem well up on mining stocks I myself know nothing on how things work.What do Mercuria actually buy,do they buy all of the deposits in bulk or do they have to be separated first.I know it might sound like a dumb question but it is the only way to learn by asking questions.And yes I bought blind I usually buy Oil stocks.I bought in on production forecasts they looked really good.
Baits - Of course they will.
I do not know that ontarget,but can you tell me will they be extracting the gold and selling it on.
I think the overall 'gold equivalent' grade works out at between 2-3g/t - does that sound about right?
If they have gold then they are mining for gold to not just copper and the rest,or are you saying they will just dump it.
Jesus - look VAST is not a gold miner (its polymetallic) and not mining at 9g/t. However if it was purely a gold miner and did 14k tonnes per month (at milling capacity specified by VAST) and got 9g/t, and had 100% recoverable then ontarget it right. It would be near to 105m rev per year.
Sorry ontarget you are right if you divide the 180k tonne by 3 seeing 9g x 3 is an ounce that is 60000 ounces which is $118,471,661.35 I made the mistake of saying it was 600 ounces.Once again very sorry.To be honest I am bloody glad I was wrong LoL.Glad I brought it up though gives people an insight into what this mine is worth.
But to get to 100m you would x9 by 180 tons and not 180kt.
My mistake sorry. Was working it out by 180t not 180kt.
Aha I forgot I was on lse. Here people will argue black is white til their blue in the face.
It's just maths ffs you can't argue with a simple calculation.
I agree, because it's not 9g/t gold. However baits asked if he was correct with his calculation of $1.4m IF it was 9g/t gold. And he wasn't, because that would be $104m.
100 million for gold that's more than the rest of the assets put together.Don't know how anybody could come up with 100 million for gold on it's own.They are going to be very disappointed if they think that.$1.4 million is more near the mark at today's prices for gold which I might add is going up day bye day.The copper will be worth 10 to 15 times more than the gold then we have silver , zinc and the lead.This mine could be turning out over £20 million a year or more when in full production.At 5 million a year overheads there will be a great profit for the company over the life time of the mine.
31.1g/oz which is worth $2000.
9g/tonne @ 180kt a year is therefore 9*180k/31.1*$2000 = $104M