Member Info for gg_man

I have a lovely spreadsheet at home. Too rampy to paste on here. Based on CAI fulfilling its potential we could do very well. If Nayega MN can produce profitably I think 2p can be achieved comfortably on the 75,000 TPA.
If costs are good, they then scale up and purity increases thanks to more efficient leaching then we are talking bigger multiples.

Like a nice beef brisket and always worth the wait !

Correction LOM is 16-20 years from the various sources, but 16 taken from KRS H2 corp preso

As someone said prev don’t concern yourself too much with day to day share price movements and MN price volatility. You don’t have to be Nostradamus to see that it should be very favourable long term. Nayega mine life will be in the 12-34 years, range from various RNS and google. When we know the price they can obtain, OPEX and mine life we’ll be cooking with gas! Gen consensus here is that non-gold assets are a free ride and CAI is not going to stay this low for much longer IMO

Thanks Prop & Pablo. A few typos in my post. The difficulty with MN pricing is that it’s not publicly traded, but by private contracts. Hence v opaque pricing and you have to pay to get price data for various specifications from providers / third parties like Platts or Fastmarkets. You have two prices FOB - Free On Board and CIF - Cost of Insurance and Freight. Latter obv always more exp. DMTU is Dry Metric Tonne Unit (10kg) this sny price you see you have to x100 to covert to tonnes. High chance end user is a Chinese company, as China is the predominant importer. Good for KRS as Tianjin prices look v good for med - high grade.

Hi all. Read often but rarely post. My understanding is that KRS are ready to roll at 6500 T/mth. To increase production to 13k the various snippets and RNS’s suggest just over £1m, and likely to be financed by the offtaker, bulk sample backer. The jeuneafrique article alludes to 250k t / year. This is new, incorrect or speculative info. Either way funding should not be difficult to find. LinkedIn page suggests OPEX is $2 /DMTU but Q1.19 RNS est 2020 will be around $3. Even with low Mn prices because we will be producing 40%+ MN, and if Silica manganese then 60%+, with the various prices on Joburg and Tianjin indices for FOB and VIF mean that the op should do well even with low current prices. We all know that longer term the price is looking v good due to EV’s. If the nickel licence comes in this will be a v fortuitous timing. Manufacturers want to increase nickel and MN content and decrease cobalt as toi exp.

Buying KRS is as close to a risk free bet as you can get on AIM. We should be at .60–.75p just based on the value our 39.1% stake in Calidus Resources alone. However, when Togo comes in I see this at 1.6-2p in a very short order. The BOD have done a lot of work with the bulk sample, social and labour labour plan all done, now just waiting for the big signature. The potential offtaker must be itching to sign a deal. Leaching results to come too.

Not long !!!

I’m expecting the Togo license to drop soonish for several reasons. Togo wants to be seen as an attractive mining jurisdiction. It has been reforming its mining laws to make the industry more transparent. It also has a 10% stake in SARL SA the holding company for the Nayega Manganese Op. All paperwork is done including Labour and Social Plans. Off taker and partnerships In place albeit not signed, otherwise the EU would not have spent 1.5m on the bulk sample. Basically as soon as the license drops mine can start producing Immediately and Keras, EU and the Togo Gov can start looking forward to some significant profits. Everyone wins.

Hi Seedcorn, I bought in initially very low but then averaged up virtually all the way up to 1.6p. Now this is not the same company it was 3-5 years ago. they ate also in at the right time and the right place te gold and manganese.

I believe the Calidus SP is pretty much supported at 3c and forsee it gaining around 50% in the next 6 months due to PFS which could see a significant resource upgrade. Also in bed with the right companies including Novo Resources and Alkane. Potential target or JV? Calidus’s strategy is a simple but v effective one: buy historically high grade land that has had little or no modern search technologies applied to it then prove it up. The resource has already increased 300% since float. You may not double your money, it may not go up 3 fold or 4 fold, but I believe the current KRS price is virtually risk free. The upside potential if Calidus keeps moving in the same direction, and IF Togo manganese license drops is immense. DYOR.

Don’t miss out on this golden opportunity. Grab your free willy wonder tickets while you still can !

Maybe they have some other news to add to the RNS ramp ramp lol

PFS almost certainly this July. Hopefully ‘imminent ‘ smelter testing results too, can’t be far off, only 10 thousand tons !

Good spot CC. Makes sense to streamline the company too. I’m expecting an update soon on results of the bulk sample testing, then exploitation permit and details on the partner their EU. I believe the partner is likely to be Eramet or Consmin via it’s subsidiary Comilog. Both in West Africa. The former spécialisés in high grade Mn.

ChirpyCheep...why do you say that? Bit pointless stating that with a question without any evidence or explanation. They've barely spent any money on it anyway, but curious about your comment...

Was mentoned on a VOX podcast with Russell. But no other information. Has a Chinese end user ever been mentioned? I thought it had been, but when I looked for details, only heard the smelter is in Europe.

The smelter is in Europe

Sorry everyone. Only just seen that TYR released an RNS on the 4th July. It got swamped by my other RNS alerts that days. Good news for Tyratech. Got to be very patient here. But believe some will wake up to the potential once the review is complete. Previous RNS mentioned this will be complete by end of Financial year. Anyone know what TYRU's financial year end is?

Scratch that, it has been mentioned...http://www.proactiveinvestors.co.uk/upload/MediaFile/File/4/tyratecg.pdf (page 5, just google Tyratech, Mondelez). Frustrating that nothing has materially come of these relationships, but I believe once the strategic review is complete thigns will become clearer.