Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I wonder if Cornish would mind giving his opinion on another tin play Afritin?
I hold shares in Afritin, Cornish Metals and Rambler (2 of the 3 companies Cornish i noted has shares in and I have benefitted from reading his educated and informative posts)
It would be much appreciated.
Afritin don't sound dissimilar to Cornish Metals but are at a more advanced stage.
They have a producing pilot plant and are debt free and have a agreement with the Bank of Namibia in place for financing a considerable expansion of the tin mine and extracting tantalum credit and lithium .
If you read this mornings RNS, this is on target and the expansion should be completed within the next 6 months.
They intend at stage 2 to be producing 10,000 tonnes of tin concentrate, 350,000 tonnes of lithium concentrate and 1000 tonnes of tantalum concentrate per annum.
RNS,s recently have been consistently good but it doesn't seem to have moved the share price much
Not too sure I'd pay too much attention to Fitch Soltion's tin forecasts CIndercone they initially predicted an average tin price for 2021 to be $19,500 dollars, they were somewhat out in that.
Think this just needs more regular constructive news flow to improve price, RNS's seem a bit few and far between
Yes , it has been frustrating. I have been here for 11 years too. but I think the boredom is clouding people's judgement
There are a lot of positives -
- Pozzolanan are perlite are increasingling in demand and it is inevitable fly ash will decline in use in the next few years.
- Go on Alibaba.com they are a major supplier. Perlite is now 250 to 350 dolars per ton on their website.
- A lot of pozzolanan is now being imported from Thailand as it is becoming increasingly difficult to get hold of. I can imagine the freight costs being high and the lead time long.
Also I was reading recently that freight companies charge a premium for fly ash because in effect it is grey dust and means the metal cargo containers require a lot of washing down after shipment.
- The test results have been very good going off the RNS 2 months ago.
Also you have to remember that two months is not long, a lot of these companies that have received samples from the CMRC probably have stockpiled fly ash due to covid and no doubt want to use it first before making a commitment to change to pozzolanan.
The CMRC will only commit to Sunrise once their major customers have committed to them to purchase pozzolanan and that's fair enough and may be a gradual process.
Yes I was thinking of adding next week too!
Could short term growth in demand be further bolstered by the electronics industry currently playing 'cach up's on silicon chip manufacturing?
Tin is used in the soldering of the circuit boards.
There have been several car plant shutdowns lately due to silicon chip shortages and the chips get fitted to a tin soldered printed circuit board and it could be as much as two years before supply catches up with demand.
Agicore, if you read the 11th Feb RNS there is already an offtake agreement in place with Afrimet for tantalum.
And on the 12th April RNS it was stated tantalum testing was at an advanced stage.
It's coming up to three months now since any news on the by products so hopefully the next news could possibly be first shipment of tantalum. Lithium sounds to be at a slightly less advanced stage of testing going off the 12th April RNS.
The last time I looked at tantalum it was 150,000 dollars ish a ton I think
Could also be a case of expectation of first tantalum by product production news could theoretically drop any day soon.
Afritin have an offtake agreement with a Swiss company to take any tantalum they produce .
Yes, I agree. This could change very quickly on news of a buyout etc
I've been here for ten years and have few times missed out on selling up for quite a good profit.
Aa newby in some ways you could potentially have got in at a very good price without having to wait too long to get a very good return
There are quite a few embittered long term holders on here eg Safetrader etc whose constant moaning and negativity has probably put new traders off and resulted in the share price being artificially suppressed as it makes new people too nervous to buy.
However look at the size of the pozzolonan/perlite resource and the potential prospects and the fact there are a few interested parties and let's see how the price looks in 3 or 4 months. 0.23pence could be ridiculously cheap
Shivers, if you go on You Tube there were various interviews with Anthony Viljoen where he explains the process of magnetic seperation of tantalum.
The main point he made in the videos was that they wanted to focus all their efforts on getting to phase 1 nameplate production of tin , which they did several months ago. Now they are 10 percent or so above nameplate production!
Then they would address seperating the tantalum from the large amount of stockpiled ore.that they have built up over the last year..
He made it sound like the standard way of extracting tantalum is via magnetic seperation, it's nothing new, so hopefully that will be the case.
Funny that M135i , because at 10.37 am on 15th Feb you were still holding and talking about 0.5 to 0.6 coming anytime soon!
That doesnt suggest you've sold, it suggests you want to get some more on the cheap by talking it down.
I hold shares in here and Afritin too.
I think Wres will come good eventually but it's very dependant on tungsten demand/prices rising.
Afritin i feel is the better bet as the price of tin is high and expected to rise further, plus they are in the process of scaling up and potentially have high value tantalum deposits (16,500 dollars per ton) and increased tin production when/if they get to phase 2 of the mining operations
Sounds promising!
I have approx ten thousand pounds worth of shares here that I bought at 0.23 pence.
Has anybody looked into Afritin?
They are potentially very undervalued and attempting a similar scale up. They have built a prototype mine that has reached nameplate production and producing 10 million pounds of revenue per annum. They are about to scale up and potentially also have the benefit of very high value Tantalum deposits . Tin is currently 20,000 dollars a ton and the future prospects for tin demand looks very good.