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The profits at stage 1 will be minimal, enough to prove the concept... there own latest investor presentation says the exact same thing http://afritinmining.com/wp-content/uploads/2019/02/January-2019-Investor-Presentation.pdf

It is all about getting to stage 2 ASAP. It is a clear objective..

As shown here, they need £21M to fund stage 2 http://afritinmining.com/wp-content/uploads/2017/10/Afritin-Corporate-Presentation-October-v9-TAV.pdf

They were hoping to ramp stage 1 up to 65T pm so let’s get really excited and say this goes to 100T that is still only about £250k pm gross profit, enough to pay the bills but more importantly enough to justify a £40M market cap to help with capital raise.

Eye on the prize, they want to have $100M of revenue in 5 years. As such I will stick to my fanciful £1 long term sp target

‘Tantalum’ not Titanium....

Quick question... how do they mine for 100 years when they only have a current licence until 2025? I assume this is be8ng renewed shortly? Obviously needs to be sorted before shareholders stump up millions more to pay for the directors salaries...

ARCM? Based on what?

They own 66% of a 6 year copper licence in one of the most corrupt countries in Africa? Which likely be not renewed.

Or,

They have just enough money to fund themselves up until production (to ensure the directors continue to get paid until the licence changes hands)..

Or,

They have a non productive gold mind in Slovakia they are trying to flog?

Good luck with that one...

Sorry for double post, laptop playing up..

Fair enough, we all get a little frustrated..

Thanks for your pearls of wisdom Gunthorpe, I would have read your previous comments but erm there aint any!

Have you bothered to read the Align research note? if so you would know that the company is only due to start receiving income from January. The sp prediction is 0.6p based on 2020 projected income and 1.12p medium term, i.e. 3 years. Not 3 weeks into 2019!

Furthermore their figures are based on a gold price of $1200, it is currently around $1300 and will likely go as lot higher in best year or so.

So, if you fancy making a potential 5 times return on your money in 2 years and 10 times in 3 years, as suggested by Align please feel free to join in otherwise feel free to come back in 2 years and see how it is going.

Thanks for your pearls of wisdom Gunthorpe, I would have read your previous comments but erm there aint any!

Have you bothered to read the Align research note? if so you would know that the company is only due to start receiving income from January. The sp prediction is 0.6p based on 2020 projected income and 1.12p medium term, i.e. 3 years. Not 3 weeks into 2019!

Furthermore their figures are based on a gold price of $1200, it is currently around $1300 and will likely go as lot higher in best year or so.

So, if you fancy making a potential 5 times return on your money in 2 years and 10 times in 3 years, as suggested by Align please feel free to join in otherwise feel free to come back in 2 years and see how it is going.

Stage one will bring in cash flow but the main reason for stage 1 is to prove a bankable project to allow them to fund stage 2...

Again, not making this up simply quoting from what the company says on its website and presentations...

stage one and stage two will happen, fact.. Just maybe not exactly on the initially quoted timeline.

I will assume the above until the BoD tell me otherwise and update their investor presentations....

It is not a potential it is a fact.. The investor presentations make it clear they want to raise £25M to fund stage 2, will probably be Q3 this year now.

Number of shares will go up to 1B probably but still a massive one for the future. I now own as much in ATM as I do in BMN because I see them both as long term winners. In fact at the moment I would say ATM is being slightly better ran...

As for cash call, they raised enough to fund stage 1 last year and at last accounts had more than enough to finish that off.

From Friday, looks like somebody panicked... oh dear expensive mistake.

Not sure about 60% CC but would be happy for BMN to increase to around 25%, I think AV is doing just fine without becoming second or third fiddle to Vanadium again.

Agree with warrants point faramog, they are a real frustration. other holdings I have are having the same "fun and games" right now. But, in the end, they are a means to an end and as BMN has proven PIs can do very well if they just stick it out...

Hi SOTRR,

The placing in early 2018 to fund stage 1 was at 3p, which was over subscribed a year before any income! So I think this one will be at 5/6p minimum.

They actually need £25M not £10M, as per 2017 prospectus, to fund stage 2 so could be a 100% dilution, meaning 1B shares (hence my calcs being based on 1B shares).

Looks like AV is playing this very well now to move sp up, delay production start but then drip feed out news on mineral levels. Therefore the news of production in Q2 along with the (possible?) sale of the Lithium licence should see the sp jump nicely before a placing at 5/6p. The placing price then becoming new sp floor. a nice 50% bump in 4/5 months.

Like I said earlier nothing has been released on levels of tantalum from the licences bought in October also, imagine what another lithium find there will do!.

Need to add Lithium to my 'fanciful' SP predictions too...

As a reminder of my post on Friday....

I think a £200M mc is on the cards once they are producing the planned 5000 concentrate (which is about 60% tin). Remember though once they have their own planned smelting plant the recovery goes up to 99%, so they keep all profits, so closer to 300M mc. and closer to 30p.

The kicker though is the ease in which they can ramp up production because they have plenty of tin, so finding another £25M to fund another 5000 tons of production will be easy once they have cash flow and it does not make sense to build a smelting plant (their stated plan) unless you are doing 10M tons or more, a smelting plant is about another £25 capex.

So,

by q4 2020 - 5000 T @ £5000 (60% recoveries, $7000 per T), gives £15M gross profit to reinvest, raise 10M
by q4 2021 10000 T @ 5000 (price and recoveries as above) gives 30M gross profit to use to build 20k capacity smelting plant
By q4 2022 10000 T @ 5000 ( price as above but now 100% recoveries) gives 50M gross profit.
By q4 2023 15000 T @ 7000 ( estimated Tin price at that time) gives 105M profit, a simple 10 PE gives £1B

Maybe overly ambitious, maybe a little fanciful, and ok a bit simplistic but the market for tin is about go crazy in next few years and ATM will be supplying a booming African market...

Oh, I forgot to mention the Tantalum (and Lithium).... you get the point...

Also pleased with the way they managed the RNS release. If this had come out last week before delay news the price would have spiked up a lot more. Now everyone knows this is a real long term winner and worth holding...

I wonder if they are considering selling this licence, as mentioned in reports, http://afritinmining.com/wp-content/uploads/2018/09/AfriTin-Mining-Corporate-Presentation-September-2018.pdf, this licence only contains a small amount of tin compared to main UIS region? Could go a long way towards needed funding.

Also worth noting that they have mentioned nothing about the mineral results from the purchased Tantilum licences.. A lot of news to come and anybody trying to trade this will get caught out badly imho.

Sadly in the world of AIm and placements short term comes first CC. They live for their 10%. Traders, including professional ones do not care about fundamentals..

Even at bottom end of my expectations this is a 20p sp in 20 months, nearly 6 times from here, for what a little patience.. I might be able to make more if I timed some buys and sells but what is the point when all I have to do is sit back and top slice a little every year.

This and BMN will be funding the majority of my retirement needs for many years to come regardless of the noise on these boards.

Might do FT, but normally it rises as expectations are built up by MMs and then falls back to placing price as all the short term greedy placement investors sell into every rally!

Placing is probably also pushed back 3 months now also, probably closer to end of June.. I would expect placing price of 5/6p but would not be surprised if we spike up more before then.

Problem is nobody really knows. Some will wait until placing clears before buying in, others will have their eyes on short term spikes, others the long term goal.

They already have shares, the warrants are therefore free risk free money.

If I was holding my limit in one very small company I would not be interested in holding anymore risk assets but I would happily take 10% of free money just by buying and selling them within days. MMs like them too because it gives them control over the sp as they have guaranteed shares to sell when it suits them.

News is due and this company has huge potential but I have still only put a very small part of my portfolio at risk. I might buy more as the story strengthens or I might too slice. Basically we all have a strategy...

Yep more warrant holders collecting quick 10%.. will be a theme until news of money starting to flow.. the pick up in gold price should also filter through quite nicely in coming months too. 1p share by end of this year me thinks...

I think a £200M mc is on the cards once they are producing the planned 5000 concentrate (which is about 60% tin). Remember though once they have their own planned smelting plant the recovery goes up to 99%, so they keep all profits, so closer to 300M mc. and closer to 30p.

The kicker though is the ease in which they can ramp up production because they have plenty of tin, so finding another £25M to fund another 5000 tons of production will be easy once they have cash flow and it does not make sense to build a smelting plant (their stated plan) unless you are doing 10M tons or more, a smelting plant is about another £25 capex.

So,

by q4 2020 - 5000 T @ £5000 (60% recoveries, $7000 per T), gives £15M gross profit to reinvest, raise 10M
by q4 2021 10000 T @ 5000 (price and recoveries as above) gives 30M gross profit to use to build 20k capacity smelting plant
By q4 2022 10000 T @ 5000 ( price as above but now 100% recoveries) gives 50M gross profit.
By q4 2023 15000 T @ 7000 ( estimated Tin price at that time) gives 105M profit, a simple 10 PE gives £1B

Maybe overly ambitious, maybe a little fanciful, and ok a bit simplistic but the market for tin is about go crazy in next few years and ATM will be supplying a booming African market...

Oh, I forgot to mention the Tantalum.... you get the point...