George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Well Jez
dear C🎯l actually gave top end target of 130kg gold for FAIRBRIDE in roasties podcast
SO
get your FACTS right you numpty 😁😁😁
Meant to say sensation but a cold bath is sensational after all.
For a start even your saviour CB isn't using 100kg a month, your optimism is admirable but none the less delusional.
I for one got over making shi t up to give myself that warm feeling of success many years ago as the cold bath sensational when reality happens isn't good.
BACK
let's put a forward value on FAIRBRIDE based on 📍100kg gold production per month
I gave a FORWARD VALUE OF £102m which is 12p a share.
Current ratios for 200 metal miners
📍PE 8
📍Sales growth 12.8%
📍ESP growth 7.63%
Go on have a BASH and show your workings out.
cruELLA😎
Good morning Guy
Revised income figures based on your AISC $2.60LB. I have used today's POC $3.84 PER lb
Virgin Rock T @ 3.5% average grade
5000 175 T CU
6000 210 T CU
7000 245 T CU
Çonverted to ILBS
175 T = 385,808
210T = 462,970
245T = 540,132
PROFIT PER LB = $1.24 ($3.84 - $2.60)
$478,401 (385,808 X $1.24)
$574,082 (462,970 X $1.24)
$669,763 (540,132 X $1.24)
XTR 60% PROFIT SHARE of above income
$287,040 for 5T virgin rock
$324,079 for 6T virgin rock
$401,857 for 7T virgin Rock.
Guy is the above correct?
If so then Corp Tax of 30% can be deducted and set aside as an accumulative amount to be paid once finals released in Jun24.
I wonder what % rate Joel can get?
Perfect timing Joel - to be an EARNER and NOT a payer of interest??🎯
KAKUYU income
I know I don't have the expertise to value Fairbride, other than knowing it's not worth 12p, and so keep quiet. You appear to be equally clueless but seem to need to advertise the fact.
Come on SOIL & FULL of erm
Tell me how to value an asset such as Fairbide?
Looking back at your posts neither of you have a clue.
Surprise ME
NTM
?📍Anybody taking any notice of her calculations need their heads examined
??❓And wot is this supposed to mean?
ZAP thanks will recalcute everything based on $2.6 CU LB
As for all your other constructive comments NOT
am NOT impressed.
Think you are ALL due a SHOWDOWN
WATCH this space
Dani takes much notice of her own calculations....and whoever gets to examine her head is in for one hell of an experience !
Some time ago, Dani calculated that Fairbride was worth 12p per share.
Anybody taking any notice of her calculations need their heads examined.
Howezap-predicting income close to £1mpm based on possible grades is total crap-there may well as you say be "possible grades" , but what they are is unknown, so for Dani to try and kid people that future income is x is just that "Pure Sunday Roast Crap"
Probably focussed on the Notts Forest transfer news .... Will Salah go ?
I'm surprised how quiet Bird has been TBH, he's normally pulling out all the stops to promote a new scheme.
This can mean two things.
1. He's learnt his lesson on over ramping ( unlikely)
2. He's keeping away from being drawn on BR progress because it not the best news.
I wonder......................
Just use as ball park $2.60 per pound AISC I’m just saying 50% as a rough idea of processing costs.
Tax not included in AISC as is not an expense incurred but levied on profits made.
Can’t say when but as Moz at end of year sounds reasonable.
No idea how much Jubilee will command.
Their 5-7 ktpm target could well be from if and when they have own processing bought in or from initial ops.
It is fairly clear that cash flow generated will be used to pay for a larger exploration programme ‘toward’ increasing Kakuyu to a larger operation if results are as expected. It will, or will eventually need to be sustainable with no drain on the company. So may not see any real initial benefit from there.
Any updates will be appreciated as it sounds like work has been ongoing at full pace with the staff that have been appointed.
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 £7000 and £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.