Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
128% upside to the 73p broker target.
We are totally the wrong price here compared to our peers, huge upside.
Reserves at current production for 23 years.
2PDP NPV up 50% to 36p share
1P NPV up 43% to 43p share
2P NPV up 56% to 81p share
With the free cashflow being generated here, 2023 is going to be transformational for Metals Exp and special, reminds me of where AAZ were and how that story changed.
Expecting a positive RNS next week when the Full Year 2022 Earnings is Released. Was due Monday but more than likely will be Tue due to Easter Mon.
It was a transformational year for I3 Energy and this full year release will prove that.
Watch systems get updated and I3E get upgraded and recommended.
The low AISC makes a huge difference here, as people realise the value here following Q1 update soon this will be going much higher than the current market cap.
Serabi ended 2022 with around 2,000oz higher gold production than forecasted. Q1 23 update expected soon, this year is set for increased production coming from the new Coringa as well as expected improved gold output from Palito and within a high gold price environment.
Also as a side show the planned greenfield exploration programmes following the discovery of the Matilda copper porphyry is one to watch.
Serabi Gold at £21m market cap is just the wrong price, with the strength of gold breathing down $2,000 the sp should be around 50p which is only £38m.
Come Q1 report in 3 weeks or so, if Q4 report last year is anything to go by, there is a big move on the way here. Gold price hunting dow $2,000 and a low AISC.
Stockopedia has Metals Exp as a Super Stock' at a score of 95 almost as high as it gets.
Really great news, positive free cashflow and discovered a potential new pay zone in the Gacheta.
Fantastic news for Arrow, we have encountered seven hydrocarbon bearing intervals and coming on production in 10 days or so.
New zone hit also and straight onto next well.
Dividend payment into shares last week and another ex-div date this week, plus no doubt a capital gain from this level at some stage.
Arrow have spud the RCE-3, a 12 day drill and 10 days to bring on-stream.
Commencing a 10 well 2023 programme.
I3E is one of the best value offers out there, producing over 20,000 boepd in Canada, monthly dividends, 10%, huge acreage and inventory, way undervalued and once tr1 done this will re-rate hard.
Link for live event with mgt
https://www.investormeetcompany.com/pharos-energy-plc/register-investor?utm_source=TWITTER&utm_medium=TWITTER&utm_campaign=PHAR
Huge well for i3e spudding this week.
"We are pleased to announce the start of operations at Serenity where the well objective is to prove up additional volumes of hydrocarbons beyond those encountered in the original discovery well, which alone the Operator considers commercially viable. Serenity is a late-stage appraisal and development asset"
"In Vietnam, further development drilling on both TGT and CNV is due to commence imminently, with the rig on location and preparing to spud"
Auctus Advisors has published a new research note on: Pharos Energy "Re-instating a material dividend"
Auctus estimate c.10% dividend based on current market cap.
Target price 70p
Current SP 24p
Annual report and dividend declaration in September for Pan African, will be going forward debt cleared and huge free cash flow generation, increasing dividends to shareholders.
Definitely stepping up the buy backs at 0.5m day now, picking up the pace before drilling.
Almost half a million shares on the buyback yesterday, mopping up each price point.
Mgt clear as to the value here and stated resuming dividends also very much in their thoughts.