We would love to hear your thoughts about our site and services, please take our survey here.
Agree TRR looks a good investment by MTR 35% up or so. It does make me laugh though people selling MTR to buy TRR. MTR have a royalty that is worth more than anything TRR have or probably will have for the foreseeable.
I think the 2% NSR over 12000km2 via SFR and KML (soon to be in CBE) will absolutely huge and is probably the biggest asset . 8000km2 (the SFR portion)of that not requiring any money from MTR’s part to be accretive, and much less speculative.
The 21% in CBE (post deal) covering VMS in W Australia+ 6000 km2 of kalahari copper belt and 18% ish in SAU (country wide exploration for gold) both early days, more speculative but huge potential
The A4 grid on the sat images hasn’t expanded in about 1-2 week so I think they are probably using all that info for the MRE, the fact it hasn’t come by the end of Sept is a good thing means they expanded the grid. All the work currently being done is on the North East ‘son of A4’ and they are also drilling between grid and ‘son of’ so clearly found some new stuff
All the NAV associated with the equity arm in the interims are obsolete and are doing very well. It is mainly SFR and frankly the price is ridiculous we need the DFS to show when and how much production will be. That will occur over next few months.
And we have leveraged against a good chunk of the SFR shares when they were much higher.
SFR shares way undervalued given the money they have and raked in. Let’s see what the DFS shows post MRE
Whilst the side discussion about GGP and MTR warrants etc continues. It’s nice to perhaps bring the subject back to the major near term event that will/should have the largest impact on the share price the NSR 2%.
Obviously any new or additional find at KML/CBE/SAU will give a sudden impact the maiden resource is nigh.
The Sat images show that work on North East and South West continues suggesting the A4 area is still open; SFR will need to lay down a baseline Maiden resource to add to the updated DFS.
With the caveat that it will only get bigger, this resource now has the added bonus of having higher Cu and Silver prices.
The A4 grid is (currently) smaller than T3 however the amount of holes is over double, the grade is nearly double so I am still guessing the contained Cu will be equivalent to T3 ( and then will increase)
This is not including any underground Cu that will come in line after the open pit.
Michael in one of the interviews suggested the value of the NSR would be about the same as or greater than MTR’s mcap alone.
So let’s estimate 350kt of contained Cu.
So let’s say 8000USD/t for the Cu and silver blend ( increased from figures I used before due to recent increase in commodity prices)
350kt * 8000= 2,800,000,000usd
5% discount
2% NSR
USD 53,200,000 to MTR for their NSR over mine life.
Some needs to be taken off for transport insurance etc but you get rough idea.
That figure will only increase with 0 cost to MTR as SFR explore
They don’t have to announce, and as GGP have block listing you wouldn’t know that way either. You might know when interims come out.
Quite right too MIke, not only are MTR smaller investments doing well but we have the MRE at A4, then the value of that maiden (to be increased) resource to our NSR, then the DFS redo including the new A4 resource. Makes no sense to have DFS for T3 without that.
Yup let’s just forget the time when we went above pre consolidation price 26/27. Amazing shares go up and down in price pre and post consolidation.
The more aggressive the exploration the more likely it becomes acquisition and MTR get their NSR2% valued
Reduces need for Kalahari Metals to IPO. Puts value on NAV ( via the 13.2% MTR turned from project to CBE shares). Already has 3.5m 2 year exploration commitment between the CO. Before it was MTR solely funding to enlarge their stake. Prevents low ball offer by a suitor.
It’s good to tighten up register anyway. Given price has dropped a bit be interesting to see if buying more. I think we are coming into an even more news rich period, most importantly a maiden resource and what that means for our NSR. Won’t be speculation but fact. The sat images show them going hell for leather.
Thanks Hydrogen, hope to see TR1. Always nice seeing register tighten.
Yes indeed the CBE acquisition halt is intriguing. Like others at first I was thinking they are just obtaining additional regional tenements. Then I was pondering KML. CBE becomes a Mini me SFR: a potential VMS in WA and a large landholding In KCB. Ripe for M&A if successful exploration. Probably both wrong but we will soon find out.
Yes some brokers allow international shares in their ISA wrapper. I use Interactive investor And have ASX listed shares in there. What you can’t do is move AUD, USD etc into the wrapper . So you would need to deposit the money in GBP then when you do your trade in ASX for example it turns your GBP into AUD. Interestingly I moved my MTR in my HL ISA to II A few years ago; in case MOD made an offer. I have no idea if MTR will dump LSE ( I personally hope so- AIM corrupt, the NOMAD hassle, MM allowed to go short etc, and where you see GBP going against AUD from a Forex point of view) but I would be transferring my ISA to a provider that allows it just to cover bases; if I hadn’t already. Very easy to transfer ISA to new provider .
Is it 5% if non Uk based investor.? Also to be fair you are allowed a few days to get Tr1 in
I wouldn’t be surprised if large warrant holders offloading to buy warrants. Perhaps Sprott?
Glad however that money from warrants if that is case + new holder (hopefully sticky) here for next chapter
I think some of those are sells to feed the big buys - I think the 950k and the 563k probably buys plus 252 k
About 6.6. M shares
I think this is a buy and the other large trades at 25.11 were sales earlier in day. As hydrogen said likely someone fed that buy from the fund.
I think from a movement for MTR’s share price you have
1) potential multibagging on their CBE and SAU shares. SAU well under value of BMV with much more exploration upside. Should have drills results this week. Re SAU.
CBE should be anytime. Looking at moves on the ASX decent intercepts are giving 100% plus gains.
2) SFR quarterlies this month. If that gives new area beyond a4 or maiden result (maybe too early) big impact on MTR NAV.
3) Sprott conference in about 10days So potential HNW or funds wanting in.
4) hoping KML drilling restarts soon and if any decent visuals they might come before end of month
4) Hydrogen right that the money coming in from NSR will be 2 years time roughly. That’s if it’s not sold for a large lump sum.
No problem , understand your position. not many retail PI would buy that large. I have been here since 2014 , been a 4% then 3% share holder then diluted down over years ; so not selling or going anywhere. This chapter is just starting and is v exciting.