Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's 1600 tons per day all Yr, 160tons per hr over a 10hr day, 100 on a 16hr day, that is a 20 stop 5ton dumper over 10hrs, all very doabke without much ground moving equipment, most likely 2 diggers 2 dumpers and maybe a dozer, we could lease that for peanuts , crushers ate cheap 100k bot sure about a small concentrator
Colin did speak of crushing n concentrating the ore before shipping which would increase the profit for us
To expensive for us, better to let them do it for a fee or buy the rock from us, I could be wrong but I thought colin said previously that we might jv with the processor, one thing that's expensive is actually selling the final product, selling the rock removes this hassle for us
Maybe lease a few diggers n trucks n do it ourselves🤷
Well I'd be disappointed if we gave away 50% +, we must remember the processor will be buying the rock from us, so we won't get the copper price per ton, it's a small setup so machinery wise it's not huge and we only own 75%, so we can't be giving away to much, 600kt per Yr is less than 2kt per day, its not huge in mining terms
I just want the main focus now to be on Luansobe, get that up n running smoothly and then really smash out the drilling on all fronts, a huge re-rate from the mining income and nice bounces from the drill campaigns, super charge drilling luansobe so it's fully prepped for sale
Your right moneyman, not a long wait on share terms and hopefully we will be up n running luansobe, the key to opening the portfolio 😀
Your right Cr1sp, yea I think the kalahari will go to sandfire , maybe 253 will be drilled and then whoever wants cobre will take it, either drilled out by us or by them, either way it will take care of itself, besides we won't have the money to mine it so yea a jv or disable at some point, I did like the comments for 29 n 30 that they continue on from sold licences, sounds good to me )
There's a 15-20mt target at shinganda " the cheese wedge " strip ratio 1-1 😋 will start drilling in the next couple of months.
So 3 targets Luansobe, Kimtavia and Shinganda ( or however they're all spelt ) all 3 offer the chance at open pit without the need to raise capital for processing, this is great, crushers aren't expensive and the machinery can be leased, the rock is shipped and then sold to the processor, GLR is lining this all up very nicely.
Sandfire just hoovering us up over there, has to be some sort of payout coming when they eventually finish drilling, sounds like a stretch though, as he said not the priority but will add value first, Sandfire will take em all anyway.
No news on Ferber
Westernforland, I'm thinking when CB courted Cooper Lemon they asked how he would pay for the drilling, hence their comment about Luansobe , he sounded confident on that one, we will see, as Cr1sp rightly said, it's a long way off
A nice little update, I'm still gonna listen to that one atheist another time, can't remember the bulawayo bit still
Get luansobe running n then the lithium will be close behind with roughly the same game plan, love that )))
The deeps could make luansobe a 200mill plus adventure)))) 16p -20p baby I can wait for that, and it's a free ride
What a update, I just didn't have time to take it all in, I will definitely have to re-listen to it again, lots of info in there, if sandfire want 2 outer licenses continuing on from 2 sold that's gotta be good, nice overall update, I hope Data and Ana get their teeth into this 1 ) reading it goes in so much easier
Mining it should still give us a 40-50 mill valuation, a nice sustained sp, everyone is entitled to their opinion
I couldn't imagine we would spend more than 10mill a Yr on drilling m8
Once luansobe is fully drilled there's a good chance if the deeps are good then we could get the 200mill plus for it, happy days )
Mining lunasobe makes sense, we will have a sustained increase in sp and we will have full control on developing the extension and the deeps, then this asset would be ready to be sold, in the mean time the income would allow us to develop the rest of the portfolio, we have the deeps to drill that won't be cheap and also the western foreland, both need chunks to drill out due to the depth, a nice income would increase the sp and it would stay there, sell iluansobe and there's no guarantee that the sp would reflect what we sell it for, imo it makes huge sense to keep luansobe until its fully ready and drilled, this would give us the maximum sp increase that we all desire and keeps the company safe from raises, all this getting a special dividend is dreaming, we need the money to the deep stuff
Some people will never be happy wcud
I hope we mine luansobe for a couple of yrs, prove up the extension and the deeps and then flog the lot, get the full pay on it and we have 2 yrs of copper deficit for the Prices to get their teeth into, their could be the motherlode there, sell the Zimbabwe assets but mine luansobe for a bit, sp would rerste and hold also, then the added bounces on the addition tonnage ( grade permitting ) fully explored and producing would command top $
I'm sure the whole board can't wait for your something meaningful 🙄
4 other targets there as well, happy days