Member Info for Basscadet

In the Roasts Leon mentions rough profit figures for various production levels and market prices. Maybe it's best to go from there. I don't have to go back through them and listen again but I recall that they correlate with production guidance being for cathode.

Also it sounds like chrome growth is now self financing. Might be a case of pay for the Thutse expansionand start building up the money for Eastern Limb.

The last announcement stated the new module at Thutse will add 300,000 tonne per annum production capacity. I'm taking that to lift the total from 1.45m to 1.75m but totally agree about the SP. It must move to reflect this reality sooner or later.

The situation in the SA ports has definitely become frustrating. At least they've found a solution and put an 8 week time limit on it. Not affected production guidance which always looked deliberately conervative. PGMs and chrome should be quite easily beaten over the year.

I see this as very positive as well. Given the state the market and the world generally has been over the last 6 months I was getting worried we would see the 2nd half coming in under expectations. Also builds confidence in the new CEO's understanding of the market.

There hasn't been any news coming from the company.

I'd like a update on Roan but I don't think we can call the situation at the ports bs. The bulk of a plant might be transported by road but we need all of a plant for it to work.

Really good read that.

That's a lot of words to type to not answer the question. There is no grade problem in the feed stock to Roan as you know. It wasn't anticipated that mixing the different types of feed would be as challenging as it was. That is being resolved.

Workings out, "Double the real number to scare everybody, change the units and hope they don't notice."

Meanwhile copper is jumping today.

Company has also stated that they have been fully tested and trialed.

That's a shame. I thought he'd just made a very strong case for the project by comparing against traditional mining costs.

I'm not going to defend this as it feels duplicitous given recent communications. However, £10m in extra shares to bring in multiple billions seems like a no brainer.

On whether JLP should have the money in the bank. Given project costs are $50m, they are securing resources for the rest of the year and can't get the money back until the SPV is set up they could be spending a lot more than the £10m now to make sure the project timetable be locked in.

Nice to see a significant rise from yesterday's news and that it's continuing today.

$28M PBT with copper at $8kpt for not doing much more than building and operating the modules before any cobalt is not bad at all.

Everything moving very quickly now. £50M total project cost and then under $4k pt production are excellent numbers! IRH to provide all funding. No placing needed for this so I guess BT's line of attack will switch to what the profit split will be.

The modules pay for themselves in no time.

Use and adblocker Frogkid.

3mt copper. $9B profit at $8.5k t. Zoinks.