Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
The fact that Minco has had their Woodstock Manganese Project valued so much should see a significant share holder getting involved soon.
Just download and read the report, the websites evaluation doesn't make sense how can you have net asset of the same amount of expenditure?
A matrix of four processing options has been selected to form the basis for economic analysis of the Project and is defined as follows:  base case resource processing rate of 3,000 t/d with an integrated sulphuric acid plant  alternate case “A” resource processing rate of 1,500 t/d with an integrated sulphuric acid plant  alternate case “B” resource processing rate of 3,000 t/d with direct purchase of sulphuric acid  alternate case “C” resource processing rate of 1,500 t/d with direct purchase of sulphuric acid Life-of-Project Average Annual Operating Cost CDN$133,019,647 Life-of-Project Average Annual Revenue CDN$272,955,738 -£152,307,366
Your views are false, and have come out with statements that are wrong.
Are you thick? This shorter makes me laugh it says nothing about 'expenditure' Its saying CDN$864 is the NET PRESENT VALUE not how much they will have to spend? after expenditure the profit is £85m. Did you ever go to school?
from website - www.mincoplc.com - CAD846m to pound sterling £472,560,823 18% = £85,060,948.14. Profit. MarketCap - 5m Share value 5m. The share price should be 8p+ with this news, if they had given a more understandable report on exactly how much turn over they will make intead of stating it on their website and more info like when work will commence, this share price would be a lot higher than it is now.
40% in a day is good progress, maybe people are starting to work out exactly how much there 100% owned Canadian site is worth. Surprised this is still so cheap
I think we know who's shorting around here.. Do I have to spell it out for you dumb f***? New Brunswick, Canada - On July 10, 2014, Minco announced the completion of a positive Preliminary Economic Assessment on its 100% owned Woodstock electrolytic manganese metal project located 5 km west of the town of Woodstock and the junction of the Trans Canada and I95 Highways in west-central New Brunswick. The Preliminary Economic Assessment (“PEA”) indicates a pre-tax Net Present Value (“NPV”) of CDN$846 million at a 8% discount rate and a pre-tax Internal Rate of Return (“IRR”) of 17.97%, based on a 3,000 tonne per day (“tpd”) open pit mining, hydrometallurgical and electrowinning operation, with a pre-production capital expenditure of CDN$864 million and average annual payable production of approximately 80,000 tonnes of electrolytic manganese metal. ************************* CAD846m to pound sterling £472,560,823 18% = £85,060,948.14. MarketCap - 5m Share value 5m. Doesn't take a genius to do a few simple sums. Massively undervalued company and yet more results to release on deeper drilling
If you think the share's long term performance is ok - go for it - it'll be paying you good interest whilst you wait for capital gains. Share value 5m- market cap-5m 30,000 tonnes a week - 100m profit - deeper drilling results coming. Sounds good to me Im going to hold on this for a while until it reaches 5 like last year..
This will be worth a fortune just hold
the website states 100m profit + deeper drilling on 1 site out of 3? The market cap is 5m.. how comes its so cheap?!!?
with a pre-production capital expenditure of CDN$864 million and average annual payable production of approximately 80,000 tonnes of electrolytic manganese metal. =£100,000,000 profit. +Further deeper drilling results yet to be announced :O
This should hit 4p at some point with last years price hitting 4.8 on news that wasn't even a that good.
Ye me too, I was in yesterday after reading it, very encouraging report and excellent future this company has. 100m profit is crazy good. Deeper drilling will uncover more, better drilling results than Asarca Mine(Asarca company worth 2.8billion with share price of $43.
Its the market cap that making this boom. Go to www.Mincoplc.com and read there latest headline. £100,000,000 profit estimated with only a market cap of £6m makes this a very undervalued company indeed.
starting to see similar fast gains as Fitbug a few days ago, this isn't stopping
The speed in which this is rising is incredible could see 100-200% no doubt
This is really picking up pace now
This is really booming now. Im surprised it didn't rise further before with highs of 4.9 last year, very strange market behaviour. The fundamentals in this company are fantastic!!
People are realising this will one day be a multi-billion dollar company and flooding in. 4+p last year, so this could really boom now