Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can't you get it through your skull that at this stage it's impossible to create concrete figures. There isn't enough information without drilling the s hit out of it. PFS and DFS is lengthy and costly, even then you can't say for sure.
There isn't a catch all price per tonne for processing virgin rock, it depends on the rock, it depends on the process, it depends where you are doing said processing.
JEEBUS !!!
There is already a current pit mining programme within the mining and exploration license, which they are looking to add to, through current ongoing further exploration, they have pushed back benches and exposed ore body, grade control and an ore blending programme to achieve consistent grade of mill feed by the geological contractor and grade control team employed on a permanent basis and a full time in house mining engineer employed to oversee the mining operation, metallurgical test work samples sent, ore type accepted for processing, initial production run to pay up front costs already reimbursed and/or for ongoing exploration.
Reasonably assured of grades I would think through in pit grade control which usually means rc drilling of mine face and on site analysis.
No crap fulmer, all reported in RNS or company literature if you look a little deeper.
Ambiguous news will be released and Colin will buy between Β£7000 and Β£25000 worth of shares with your money that will get you excited . Then share goes up a bit and then further cash raise to keep his lifestyle going . He is the master of disaster . All of us seen this before .
When it's just a target ! NO historical data No assays "Potential high grade" perhaps potential low grade How any muppet could even start to predict income and potential profits without precise grades Dani says "$65K RISK CAPITAL earn $954,577 cashflow per month! " means she must be psychic or maybe just psycho ,or perhaps just desperate to recover huge losses.
"The Kakuyu Hill pit has been worked historically (although there is no historic data) to the extent that benches have been put in place to open up the pit. There are also underground artisanal workings with tunnels and a collapsed shaft. Oval Mining has currently removed bulk samples of the potential higher-grade sulphide ores from the pit which have been hand-sorted and stockpiled on site, targeting grades of 3.5-4% Cu (although no assays are available on in situ grades at this time). A site has also been created south of the pit for the new waste rock dumps." Pure Sunday Roast crap !
Dani 5% is not processing but lost copper through metallurgical process. Can assume processing costs will be 50% of revenue, with refinery charging a big chunk on top when purchasing the virgin rock.
All in costs of $2.63/lb includes Ovals mining costs thrown in on top for simplicity. But was plucked from an example when fuel costs were far higher last year though.
Berkshire Hathaway is on the line to CB I heard.
Could be fake news though......
When the directors read these calculations, they will be piling in.
Well KGB, thankfully it's not rocket science and you don't work for NASA.
Processing and refining costs ?
Interesting ...............always left with more questions than answers.
How much can a 7.5ton truck hold (carry) =
How much can a 18ton truck hold (carry) =
How much can a 26ton truck hold (carry) =
How much can a 38 ton truck hold (carry =
It will help with some sums
He might be a genius but even he can't do miracles.
JEZ wake up you TWO RAG and smell the COPPER.
$65K RISK CAPITAL earn $954,577 cashflow per month!
dear Cπ―l is a genius
TIGHT is alRIGHTβ
KGB.
When that happens I'll post my bank details and pin numbers here.
Will it have a bow around it ?
π5 -7 KT virgin rock pm
π3.5% CU deduct 5% processing etc
π$500 per 30T truck ($100k pm) Haulage
π60% profit share
π30% Tax
Based on 6000 TOM
β
210 tonnes CU (6000 x 3.5%)
β
10.5 T lost for stripping and processing (210 x 5%)
β
$1,690,962 Revenue (199.5 T CU x $8,476 )
β
$100k Haulage (6000T / 30) x $500
β
$954,577 is 60% profit share XTR (REV- Haulage) x 60%
Jeez dear Cπ―l remember when I plucked OUTTA air $1m income figure for KAKUYU?
You questioned it βββ
Look guessed nearly RIGHT β
πSo cash flow $954,577 per month
π30% Tax $286,373 deferred PMENT til finals released?
Dear JOEL will be earning TOP interest on above each month. NOT like John Cornford NUMPTY miner picks where they are all shelling out OUTTA WATER amounts for CAPEX & Interestπ€£π€£π€£
Cπ―l and team you are A LEGEND
π€¦ββοΈ Means the mining rate they will be targeting, between 5-7 thousand tonnes of virgin rock per month. (From March presentation)
Haulage costs $100k per month based on $500usd per 30 ton truck load ( wild guess for a Zambian haulier ) π€·
Ore @3.5% cu. Account for 5% processing recovery losses
AISC maybe $2.60usd/lb
30%tax
60% net profit to xtr
No idea at what premium the refinery will want for their services.
If anyone can add, dispute or other? Please do
PMSL
Hi Guy
What does 5-7 KTPM mean. And is cost in $ or local currency?
Think this was cost missing to complete calculation
I'll second that Prickly re flipper hitting nail on head with that 10.26 am post..
( Generally, only top tier & mid tier producers have deep enough pockets to progress 'successful' exploration opportunities into size production .. and there are very few of them versus the large number of 'successfully' explored targets on offer... and so its such a buyers market that even the lucky few that get top or mid tier buy in still get average to poor terms with this= BIG OUCH for most commodities explorers in never getting a size producer biting.. and small ouch even for the small per cent that do )
I think you have summed it up Flipper.
A hole with a liar on top is a bit strong but you can see where he is coming from. I for one am hoping we can expand our gold mining activities without blowing millions more on huge projects that no major is interested in.
5-7ktpm @ 3.5%Cu
Dani>>Now Zambia Copper is coming into play I need to study so I can project earnings which will then add to forward value of share NOT YET PRICED IN.
Did you get as far as working out xtr anticipated 60% share of net profit from Kakuyu once running ore off site.
Consider haulage costs and assume 5-7ktpm
That post made my day Joeman1 .. TOP MAN !!
Judging by the share price and the directors reluctance to put their own money into xtr, Cornford seems to have a better handle on this than most here.
I think the majors have been shown to be the master inverstors since the inception of AIM. They got out of the exploration game and left it to the AIM punters and their Canadian and Auzzie cousins. Us punters chase the rainbows whilst constantly diluted. And if anything turns up worthwhile they pay pittance to get the project after the various exploration companies have wiped themselves out. (guess I didnt sleep well last night !)
Go on then KGB.