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Re:post 0830hrs
I concur
Agreed more language around this is 100% viable would be good. However, I can see why if the cueq grade has the potential to nearly double through pre concentration - "The feed grade into the concentrator on this comparable project increased from 0.15% Cu to 0.29% Cu, improving metal recoveries." - then I can see that having huge improvements on the value of the project. Surely you would do that study/testing anyway even if the project was already viable to make it worth even more and at even better economics. It just improves the figures even more so. I'm not going to complain if the project goes from a sale value of £100m upto £150m plus because of it (example numbers).
GLA
I don’t think the message delivered was very hopeful I did not get the feeling that this is absolutely commercial to mine but pushing the pre concentration angle to bring it up to a more commercial product does ring alarm bells for me if that has to be done
The update was aimed at examining the economics of either a 20Mtpa or 25Mtpa open pit mining operation for copper prices ranging from US$8,000/t to US$11,000/t and cut-off grades of 0.10% CuEq and 0.15% CuEq. A total of 16 scenarios were run for open pit mining of the Racecourse and Ascot Mineral Resources, with ECONOMIC PIT SHELLS being generated for ALL OF THESE SCENARIOS.
So basically it needs pre concentration to make it viable
That’s the message I’m seeing from reading this which I have to say isn’t very promising if you need to do this , only when the copper price substantially increases will bushranger be a viable prospect I can understand why colin doesn’t want to actually say it’s not a commercial prospect as he’s been so excited with it for a long time but I guess the chap on here who brought this to light was right after all
That’s the obvious message here.
The impression it gives is we have something but need to prove it and stop shouting from the roof tops.
A more subtle approach from CB and keep everything under the radar.
"RNS out. BR won't be sold anytime soon ....."
Indeed!
Still need to finish planning the drill holes, get permissions, hire the rig, do the drilling, send off and wait for the assay... all before the modelling can be updated again. My shares are now at the back of the bottom draw.
Positive spin... perhaps the copper prices will be much better next year!
RNS out. BR won't be sold anytime soon .....
Hello ma what are you not sure of? It’s still early days yet as this updated study due is still conceptual, so there will be a lot of scope and directed toward improving anyway.
What can we expect to see or hope to see, from the updated conceptual mining study?
So at minimum I expect a positive NPV at a lower copper price than $5/lb from it would justify continuing the next phase of the project. Higher the better of course.
Expect to see Ascot potential to contribute to an initial, high grade mining phase from open pit
Expect to see pit optimised to 25mtpa throughput
Hope to see an IRR figure but suspect may not until project gets up to PFS
Hope is to show there is at least some potential that Ascot pit can be joined up with RC pit into one large pit 3k long.
Hope to see some direction toward exploiting the deeper porphyry and gold system below RC and Ascot
What can be included?
As someone else said we need intelligent conversations on this board. Even if one doesn't always agrees with every post it makes you think. The recent drivel is just irritating.
I have 17 green lines of which is annoying, but better then having the crap that has been posted in sight.
Can we possibly stop feeding the trolls please. It's clogging up the board with utterly mundane and pointless gibberish. It adds nothing to this board and causes visitors to think it's a bit of a mad house.
There is a lot going on here and lots in the pipeline. Some might say imminent...
Rubbish
Not Jezzoo in disguise, I'm here.
MODERATOR !!!
Stilton per sempra ! lol
ADMIN PLEASE !!
MODERATOR !!
WINK
Hey Shirley, you are barking up the wrong tree in the woods I’m afraid where this GUY is concerned.
Was referring to post before that one @18.50 although both are relevant
For in ground value yes, but it’s not revenue, its about right as a rough guide, it does just takes into account the approx 10% loss of concentrate from processing.
Example-0.1MtCuEq = 100kt x $10k copper price =$1.B
It is reasonable to assume a very positive NPV will come from copper at $10k per US short ton ($5/lb)
Copper spot price somewhere between $8k -$9k is a more realistic target price though we can hope ‘eventual’ economic modelling can show a desirable NPV on a discounted cash flow basis.
Is Ma or if you dare say Da. Could be Little red riding hood next. Didn’t she grow up in the woods too?
IWTO was one of the closest in the guesstimates of RC resource, good math with a grasp of what drives resource economics and was vociferous in defending RC resource against steve4077 claims with sound reasoning imo.
iWantThatOne post RE: Blocked on Telegram
28 Nov 2022 18:50
If you missed it
The extra $1B revenue from ascot once discounted will give an NPV…… ;-)(
A repost by iWantThatOne from 26 Nov 2022 09:13 who btw is, in my opinion one of the stand out contributors for his knowledge and quality of posting on this board.
>>>We know from earlier modelling that RC pays back the initial capex and produces >$200m NPV at $5/lb. That was based on the original JORC’d resource. We now know that the high grade crown contains more copper-equivalent material than that, at least another 0.1Mt worth >$1bn revenue - again at $5/lb. That’s before you consider the remaining low grade 0.5Mt that would be mined from year 11 onwards. So, very clearly, BR will produce a positive NPV at $5/lb - possibly a very attractive one. The question is then, what about at lower prices? And will the economics be sufficient to attract a buyer? <<<
Since then, the Ascot shallow high grade of 34mt @.33%CuEq can be added to immediately increase NPV by a further $1B which is another 0.1Mt net roughly after recoveries. It has been confirmed that then further drilling will be directed from the updated conceptual study due, to further improve those economics and to add more value as the company take the project toward an eventual PFS to take the project to market. So for now, it does seem clear that this due study is just a snap shot of its current economic state and the targeted drilling will no doubt further improve NPV and with the potential to be economical at a lower copper sale price. CB does appear positive to be able to include the early high grade from Ascot to the model.
Any other factors to consider?
No just waiting on AA decision this month maybe.