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KP2 infrastructure does not help Zioc. Even KP2 which is far down the road to go ahead and construction is very much under the radar still and massively undervalued. Also, KP2 has a very desirable product at record high prices currently. Alas, KP2 is a superior investment at this point.

To be fair the company quoted Brazilian MoP price is unusual. The global price seems to be around $560 / t which is historically very high. So $360 life of mine MoP price used by company is not unreasonable?

The other obvious royalty tool could be royalty price bandwidths sliding scale?

For example
Price per tonne MoP $200 - $360 ... 30% royalty
$360 -$500 .. 20%
$500-$800 .. 10%
$800+ ..5%

Good question..

It may give some idea to look at basic figures from RNS's and do a naive back of envelope calculation. I will start this off and probably get it wrong, but it starts ball rolling for discussion. Any finance boffins out there?

Annual production.. 2.2mt
Lifetime average MoP price per tonne.. $360
Operating cost (CFR Brazil).. $106

Thus potential profit per tonne.. 360-106= $254 (#is this even vaguely true? Is it far less, other accounting subtractions? )

Potential annual profit 2.2m X $254= $558,800,000 (thus roughly 1/2 a billion per year)

Mining building cost of $1.83bn plus interest that has to be paid off.
At 20% royalty pays off a rounded down $110m per year.
Life of mine that would be $110m X 31 years=$3.14bn
## that is not a great reward for a financer, thus either the royalty at that MOP has to be higher or financers takes higher MoP estimate and risk(!!).

## at current MoP of course $1100 this financing is a no brainer (# about 2bn profit a year) but where does the financer think MoP price will be for life of mine?

## Also, could the royalty vary? Eg higher for early years to pay off principal debt and lower in subsequent 'profit' years. Many ways to structure this.

See what you think folks?

..at least update the cut and paste..

In September last year and now again..

". We hope to report soon on the Project Team's findings"

Did we get to here about this after September?.. Err, hell no. Utter ******.

And cash wise running on fumes at the moment. Sigh.

? If you know something, don't make cryptic remarks.

Also..
Companies have more than one person that can communicate with shareholders.

Just a little humour to keep us going :)

..AT could not be bovvered at all. Even cutting and pasting is just soo tiring..

The silence is rude, but I have some sympathy with AT. He has given a large chunk of his life to this, he must be as pizzed off with Glencore as we are.

Great opportunity, well done.

Ghost ship or are we being ghosted?

Spooky silence ha ha

Looking to sell around £3.50 area.

Is Zioc undervalued..?? haha
Just needs a tiny spark for a bonfire..

https://www.lepoint.fr/afrique/congo-le-salut-par-le-partenariat-public-prive-04-06-2022-2478292_3826.php

Published 4 June 2022

//translated by Google//

"What is it about ?

These are typically large investments in servicing and infrastructure that come under the scheme of financing through a PPP. The memorandum of understanding provides for a feasibility study to be carried out within three months. “We plan to invest approximately 200 million dollars for the two projects but this may change after the study. We are going to start with Pointe-Noire with the area backed by the ore port”, comments Shailesh Barot.

The development model of a ZES, based on a PPP, is thus done “with the State which cedes the land to us. We work each time on servicing, roads, facilities for electricity and water. We believe that in 18 months we will be ready for the first factories in the Pointe-Noire area. If in Gabon, for our first project, it took us 36 months, here with the expertise, it is 12 to 18 months maximum. We now have 10 years experience. In each country, we offer the same model: 70% Arise and 30% for the country, as a joint venture,” explains Shailesh Barot."

I still do not understand China and Zanaga, very vexing. The obvious buyer does not bite, can only be Glencore's position and demands?

Thanks extrader, that suggests credibility. It would be soooo nice to be surprised one day, make a change from serial disappointment. Eg this is news is the tip of iceberg and there is a web of deals related to this, Glen, Zioc and a buyer etc.?
Dreamer, nothing but a dreamer..sigh.

..that is the question.

- do they have the expertise and finance? Especially a mineral port is a major costly excercise.
- have they had serious dialogue with local stakeholders..eg Zioc?
- has China given up on this, or has this been done by ROC to provoke action from China?

As far as I can see, this looks very early days and may be another possible excercise in futility? Thoughts welcome..

Not what it said.. "aims to build a mineral port in Pointe-Noire"

https://www.ariseiip.com/
"PAN-AFRICAN DEVELOPER OF INDUSTRIAL ECOSYSTEMS
ARISE Integrated Industrial Platforms (ARISE IIP) designs, finances, conceives and operates industrial ecosystems across Africa.
We identify industrial gaps in African countries and design tailor-made solutions to enable the sustainable and local transformation of raw materials, boost exports, and promote trade."

...in the past where Arise was mentioned..SEPTEMBER 20, 2021

https://fr.allafrica.com/stories/202109201087.html