Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I want AMC to be involved in Kun Manie into production and into the future. Should the Nickel price hit the numbers some are talking about I want AMC to be holding as big a piece as possible.
NRR is a tool, to unlock the real value in KM, I don't want AMC investing anymore than they need to in the project
I dont believe for one moment that we will give away 75%.
I believe that we will sell say 75% for a tidy sum and retaining 25% going forward
Hi BB,
I think the offtake will be against one or both of the concentrates that will then progress towards a FFS in a few years with our offtake partner taking a majority position, with us retaining say 25%.
I am hoping that based upon the discussions they have been having with other parties, the upcoming webinar will provide a clear route and plan that they will follow.
BB,
The PFS was from a single concentrate and was obviously very reserved on what was would be receivable.
We now have two concentrates and are in advanced discussions with an offtaker with indications they want and will pay for everything.
That's my understanding too
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Hughez87,
As a long term holder all that matters now is that AMC obtain the TEO, whether through the original submittal date or an extended one is totally irrelevant to me.
When supported by AMC stating that there is no further dilution and the Roper Bar investment, only the traders and those panicing are making a thing about it.
Good Times ahead from here imo
AmurTigers,
That is a huge assumption to make as mitigation in say Moscow will be substantially better than in the Far East.
Am not sure if you have ever worked on remote mines like I have, but you can't apply the one rule fits all.
BlackRhino,
Russia went into lock down for an officially announced period of about 9 weeks earlier this year, if we add on a bit for restart and companies adding in extra precaution, let's call in 12 weeks.
So let's say AMC has lost 3 months this year, surely you can see the pressure it will put towards the finish and a genuine reason for an extension?
Westie,
I read it and it shows no understanding of programmes, reliance on 3rd parties or the global pandemic.
Myself and I am sure many long term holders who are in this for the end game will care a lot more about obtaining an extension should one be required than what the share price may do if one is announced.
There is clearly a genuine reason to ask for an extension, for one to be granted and I hope that AMC have already submitted the paperwork, no doubt they'll at least have it in hand
Westie,
When I read a post such as your stating "I simply don't see there should be any grounds for the TEO submission to be delayed. They've known about it for a long long time".
I find it pretty rediculous and completely out of touch with what has been occurring on a global scale.
I'm sure there was quite a bit of fat in the programme, but the fact that it hasn't been submitted yet shows to me that it has been lost.
Anybody who has experience in programmes will know that a lot of bunching of elements occurs towards the tail end, even more so considering this year. We will only become offtrack when these are missed
Not sold out any AmurTiger, quite the opposite, have added a few more and now hold about 10.9m shares here.
.
It has been made very very clear that extensions are possible. I'm sure that AMC will be trying to achieve the current date, but am sure they will have an extension contingency lined up.
I'd imagine that there will be various consultants assisting with the compilation and submission of the document and so events may have taken it out of their hands.
As with any project or programme, it's on target until its not.
The Global Pandemic that has shut down countries all around the world and killed man many throughout this year is a pretty good reason to request and utilise an extension.
I find it extremely insensitive and just plain pathetic when posters are saying that there is no reason why it might be delayed. Grow up.
That it will GB33.
It seems to me that Adam is now running the company and his vision based on his experience and knowledge of what can be done will be quite different from Robins.
I think he'll take us to an investment company, pop people he trusts onto the boards of the companies and utilise his Glencore and reputation to build a sizeable portfolio.
If this does prove to be the case, I will be very happy
GB33,
Whilst you may not see selling say 75% and maintaining a minority holding as giving up the reins I do. This wouldn't be receiving a royalty, but a dividend.
As to their ages, I'm sure they will be looking at what will make them and their families the most money, which would most likely be having a stake in KM when the Nickel price hits the sort of levels people are talking about.
Hi GB33,
Am not sure you fully understood my post
TDT,
I'm not going to compare the sale of a copper gold deposit a few years ago with a Nickel sulphide one (hopefully in the near future).
As for numbers, we have a PFS number, I have taken a view and added on the secondary metals which we are led to believe will be paid for, an increased resource, the seperate copper concentrate and ran the model for varying future Nickel prices.
My discounted base figure is about 2.5bn with significant upside depending on Nickel price.
I have not included an increase of the processing from 6-10MTPA but believe it may be something whoever takes this project on will do.
At BFS I don't think a sale / JV value of 40% of NPV is unachievable.
The idea that we are not making money with NRR is interesting and not something I agree with.
Yes, at present we are not equity holders and therefore not entitled to a dividend, but when we convert to equity at a later date we will be inheriting a proportion of the substantial reserves accumulated to fund phase 2 of the project or a project with the Capex in place for phase 2
etank,
My belief is that AMC will look to sell a majority stake in Zao Kun Manie for a significant sum (for arguments sake let's say 75% for 750m).
That would leave AMC with 20% of RB, 25% of KM and 750m in the bank.
I'd expect a large proportion of that 750m to be returned to share holders via special dividend
Phew, cheers BG