Member Info for bonker99

Tin, tungsten, copper and rare earths now ranking as world's leading strategic metals

https://twitter.com/chrisjparrish/status/1054426834845220864

Copper covered 10 minutes in.

Yup, looking good - China making all the right noises at the mo plus their record-setting Copper sponging of course :)

Oh I dunno, I'm quite enjoying it - Im imagining Tom typing with a Bond villain accent lol

Perfectly relaxed here :)

Go ahead and try again to make some well funded (sic irony) arguments lol

I'm a buyer mate so I want the price to drop.

Go ahead, make it so.

I've offered you the option of breaking it down mate - go right ahead.

He appears to want to try to cause some yelling lol

Not getting very far :)

Then why is Rick Rule of Sprott Global continuing to add to his MTR holding, further to his and the Chairman's recent portion of the recent 2.8p placing??

Tom's standard MO - legalities not an ish when you're already on the lamb ;)

Bring on another scareprophets sell rec ;)

Again, as I'm sure you're already aware - MTR have no obligations towards funding of either the DFS or production from the T3 pit - we offloaded that onto MOD as part of the JV restructure.

Our only obligation is to fund 30% of further exploration drilling costs and we've just put £6.2m in the bank from the 2.8p placing with respect to that and our new KML exploration funding.

Keep trying mate :)

If you are genuinely clueless as to the reality here then go Google "MTRBlog".

It's a big assumption that MOD will ever take this to production to make the production funding a relevant conversation.

That's not an assumption I'm making - MOD will continue to talk the talk of course but there's no guarantee that's the route they take and even if they do, that Decision To Mine is a 2019 Q2/Q3 timescale.

An awful lot can happen in the interim period, and especially post MOD's LSE float in the coming weeks and/or the DFS in March/April - look at SOLG's recent news ...........

BTW, just by way of a sanity check - MOD are currently valued at c$60m, the production funding is c$200m so right now you're talking about the entire enterprise funded through to production being valued at 1/3-1/4 of the free cash flow the old PFS is throwing off over the life of the T3 mine alone with no other newly discovered resources being fed into the plant at $3 Copper - at $4 Copper and/or with additional newly discovered resources being fed into the modular plant those multiples explode upwards.

Thing is, we already know the DFS is going to beat those old PFS numbers because we've gone 60mt @ 1%, the Base Case has gone from 2.5mpta to 3mpta+, the local electrification is possibly going to come in a year earlier than expected which will adjust the AISC downwards, as will the recently announced higher recovery rate (97%!!) of the superbly pure Copper concentrate.

Go ahead and drop the price some more if you've got the muscle to do it - there's plenty of dry powder about.

I prefer the current oversold daily RSI signal myself ;)

As you're no doubt already aware, the terms of the recent JV restructure gave MTR 40m free anti-dilution options in MOD.

Try again.

Morning - Copper @ $2.80

http://www.kitcometals.com/charts/copper_historical_large.html#lmestocks_5years

https://www.bloomberg.com/news/articles/2018-10-17/world-s-top-miner-embracing-the-boom-in-electric-car-batteries

Morning :)

You know the time and price is about right when the multi-ID muppets are going at it again :)

The Botswana government are on record as wanting to diversify away from their big diamonds industry so, yes, it would seem somewhat unlikely that they'll be loathe to give out mining licences on what could end up being upwards of 20,000 sq km of revenue earning land in their patch of the Kalahari Copper Belt :)

It sounds like they've maybe pulled forward the electrification of the A3 highway timescale too and there's no point doing that if they're not dead set on getting Copper mines going ASAP - that's their own money they're throwing into it after all ...

The same disingenuous garbage from the same disingenuous people as at tuppence in the Spring mate - they're drooling at the numbers too ;)

https://www.dailyforexreport.com/matt-badiali-copper-bull-market/

Morning.

Well I'd suggest that the beauty of the MOD/MTR setup is that the 2019 Q1 T3 DFS is going to formalise a substantially derisked 60mt @ 1%, c$400m NPV, upper 30s IRR, <$1.50 AISC copper play at $3 copper (and multiples of those numbers at $4 copper) without any success at all on the exploration side so with respect to being a "prospect generator", our prospects are all additive to that and given the size of the acreage/AEM targets, the additional prospects may well dwarf that T3 DFS in time.

Yup, production costs are for the likes of MOD/Sprott/BHP et al to concern themselves with - not us. We'll likely, as outlined in the recent JV restructuring, slice off additional scoped resources over time or, as you suggest, yield a monster win all in one go if someone decides to take the lot off our hands - all options are now available following that JV restructure.