Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Possibly. The interview from last June did say on the event of further benefication that financing would probably be through a mix off offtakers and industry partner.
If someone such as largo was to take 25% interest in the project for $12.5m that’d pretty much get the financing over the line without debt. $12.5m for 25% stake would be paying circa 50% if the current NPV for then a financed project.
Depends what interest is out there. Would hope with the outstanding economics they’d be that interest…
Agreed. Presentation is good and I particularly find the simplified discounted cash flow sheet useful. The project economics to peers on page 30 also a good visual aid to highlight how good economics are.
Hopefully this is a matter of setting our current upto date position ahead of some strong newsflow. Plenty due now…
Something else I’ve not seen commented here is the logistics opex. It’s the largest cost to our project totalling $99m in the economic model.
We know offtaker talks include with local buyers (check technical report RNS and earlier RNS). Saving on shipping or even better collection from our site would provide very material cost savings to the project.
Offtaker advances are also common and could form part of the negotiations, albeit often in return for slight discount to product price.
We know they’ve been having such discussions, was advised last year when they originally submitted the Trial Mining application. Process and financials etc changed since.
$78.6m is the direct tax envisaged in current economic model. They’d be tax on contractors employees as well as their tax as well. In short there is an incentive for Brazil to provide some support as they’ll also benefit from the project.
If anything I’d expect is to be asking for more assistance now and precedent set last week with South Atlantic gold is only going to help
https://resourceworld.com/south-atlantic-gold-to-develop-pedra-with-ceara-government-brazil/
https://www.businesswire.com/news/home/20220720005068/en/Fodere-Titanium-Limited-Announces-Construction-of-Pilot-Plant-and-Formation-of-North-American-Joint-Venture-Fodere-America
Interesting to see ex Tronox guy focus on N America market for fodere tech
Only announcing earlier so looks like only just formal. Sounds like that’s piece of the puzzle they needed as busy period now ahead
https://www.linkedin.com/posts/fodere-group_technology-investing-environment-activity-6953261754680270848-8WQq?utm_source=linkedin_share&utm_medium=ios_app
New presentation
http://jangadamines.com/site/assets/files/5345/jangada_mines_corporate_presentation_final_30_06_22.pdf
Ultimately we’re unhappy with current SP, that having built our positions over some time now that it’s possible to buy at levels the project is valued at sub £6m after considering our cash position and investments. PR is definitely a factor behind that.
Perhaps if others did such “research” as checking how our economics compare to the FS released by ARS, ACP, EML, HZM, ADT1, HUM and MKA all of which are London listed they’d understand quality of the project.
I remain very confident. The April Technical report was to FS level for the majority and that’s to high confidence levels, we know there is plenty exploration upside both from the inferred resource that could not be included in an FS level report and also in the as yet undrilled targets.
I’m also very confident further valor could be added from additional plant such as the pilot fodere group plan to use, obviously that would involve further capex and have to be later stage however it’s to come.
I’m also very grateful that it’s financiers who’ll be looking at us, they’ll have a much better understanding of economics and just how good they are than the average PI. I’ve said before we are potentially at the most exciting stage now with eyes on us, however some seem determined to be down as they can’t be updated on how such conversations might be going. NDAs are likely to be in place, that means time before big progress/news can be the biggest challenge to patience…
In respect of the other recent comment about nothing going on, how do you know? You’ve said you’re not getting e-mails from the company!
Next steps are clear. They’re not work items purely under the control of Jangada.
DFS needs firming up by GE21 mining consultants. That’s not Jangada employees, can’t crack a whip and say working nights. I certainly don’t want Brian an accountant working on mine plant design just because he’s not heard back from GE21 and has impatient shareholders - that won’t end well for us!
Likewise offtake talks aren’t just internal discussions. We know they’ve been in talks for a while, but the offtakers are the bigger parties in the relationship. Economics uncertainty could well be a factor to.
Inbetween discussions with 3rd parties it would be nice if they sorted the PR out though! That isn’t something they should be waiting on other parties for…
PR/Comms we know are an issue, company scores more than a few own goals in that regard causing resentment, frustration and concern among PIs. I’d certainly hope some of the recent comments on this board are from frustration, because they certainly don’t mirror my views…
PR wise a presentation should have been produced post technical report highlighting the revised economical case now that a dry only route has been found not to be an option.
Interview along the lines of the TMS interview from last June would also have been useful. Again production method has changed since, Brian has stressed no raise and we’ve cash. Some talk about how financing might look and whether industry partner might be involved would give insight into the work they’d be doing behind closed doors whilst hopefully setting minds at rest.
Few tweets here and there just to remind people of the project and what’s being worked on also wouldn’t go amiss.
I don’t expect few to get additional updates by email other than the usual we’re working on it, slight delay but should be soon etc. If PR consultants were doing their job they’d be getting enquiries from PIs, feeding them back to Brian and he should then take what said into consideration about if market should be updated by RNS, addressed in interview or even tweet.
PR shouldn’t be just for sake of it, but by missing the basics the BOD probably causing more emails to themselves and resentment among lot of PIs. It’s silly considering how little time and effort converting the basics sound take.
Good to see despite market gloom that juniors can still attract strategic investments…
Hopefully not too long until we get operational update including how offtaker discussions on the iron/vanadium concentrate going
http://www.labradorironmines.ca//pdf/LIMHNR2022JUL05%20-%20Scully%20Transaction.pdf