focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I have a query, and would appreciate your thoughts.
If you have gold ore 2.5g /metric ton(mt) , you would need approx 12.44 mts ore for 1 oz.
If your production costs are Usd 700 per oz. Then this equates to 12.44 mts ore mined or Usd 58 pmt ore.
If the price of gold exceeds usd 700 per oz (or Usd 58 pmt ore), result is profit.
If Cyrprus ore is 0.63% Cu. Then presumably (possibly erroneously),for 1 mt of copper you need to approx 158 mts of ore.
Price of 1mt copper about Usd 6,700. So for 158mts of ore, one earns Usd6700 or about Usd 42 pmt of ore mined.
Excavators, crushing mills, smelting, wages,etc not so vastly different perhaps.
Hence the query.
I now sit Maxell Break the Sound Barrier style at my computer awaiting the response.
Best regards
Hello VanVan
I was very interested to read in your message " Proccea may use cash in full or part to buy into Salinbas. Even more cash for Ariana! Perhaps the $30m could be $35m." In my post of 4/Julyt I suggested a similar figure but I am still wondering if my interpretation of the USd 8 million of equity is correct. Is it going to Arianna? Did this come up in your discussion by any chance?
As an aside I greatly appreciate the work you (and a few others) put in on this site.
Best regards
Dear All,
First time poster, longer time holder. I have been watching the figures being suggested on the board relating to the MOU. I may well be wrong but...
If it goes through I believe there are three components
Part 1 ) Zenit becomes Oz 53 pct / Aau 23.5 / Proc 23.5
Part 2) Salinbas becomes Oz 17 pct / Aau 83
Part 3) Salinbas becomes Oz 53 pct / Aau 23.5 / Proc 23.5
Regarding Part 3 I refer to " .. and that the Salinbas Project ultimately will be acquired by Zenit, such that the respective shareholdings do not change."
Settlements payable to Aau , if I have read it correctly,
Part 1) usd 25 million
Part 2) usd 5 million
Part 3) usd 8 million "in equity" . Shares in some company perhaps.
plus, since I believe Salinbas is currently 100 % Aau, some amount from Proc.
Estimate of Proc amount - This is tealeaf reading stuff but if Oz is paying Usd 5 mill + Usd 8 mill equity for 53 pct perhaps Proc 23.5 pct would be "valued" at usd5.76 mill. This "usd 5.76 m" could be settled in cash or equities or earn in for example.
If correct, then Aau total receipt would be usd 30 mill cash + usd 8 mill of some equity + possibly usd 5.76 million worth of something from Proc.
Just my opinion and the ususal caveat dyor of course.
Ok tigers, go on, rip it apart, I can take it. :-)
I put this forward as merely my opinion. Many here are far more expert on this stock than I.
There are approx 280 millions shares and a freefloat of about 170 million.
If Davy Asset/Focus Investment and Bilgin have approx 38/39 pct of the 280 million, then the remaining is about 170 milllion shares.
Previously
Daax held 15%,
NR Holding held 7.9 %
These two holdings equate to approx 63 million. Leaving approx 107 million shares.
If the previous holdings by
Rothschild 7.9 %
Majedie 4.5 %.
have been( or are to be) liquidated that would mean aproximately 32 million shares, of a possible 107 million share, have been/are to be sold.
I believe, I have read on this board opinions given that Majedie have sold their holdings, and it is unknown to me, if Rothschild has done,or will do, likewise, however given the breakup it would not seem to be outside the bounds of reality.
If there is any fact in this hypothesis then, in just my humble opinion, liquidating 32 million from 107 million could have a lingering effect on sp.