Member Info for Gibdog101

Meaningful purchase !

This a ATH yet ?

Wet finger time .

With royalty our AISC is 29k USD per ton.

So current prices should be 200kUSD per week operating profit . Smoothing that out over the last six months is a little harder . G

Sorry what’s the link with MDZ and ATM is there a JV we are all unaware of ?

No there is no guarantee of Goantagab ore, but if the grade is anywhere near as good as suggested (i know the work wasn't JORC compliant) and if they can actually ship that quantity of ore, and finally what seems the biggest if: if approval is achieved.

Lots of If and buts there , however if that comes online i think the market has massively underestimated the significance of Goantagab , and the fact that we have a ongoing right to buy the whole packet of 15M USD if they can be converted to mining licences. I point this out because there was a discussion the other day on doubling production and halfing mine live, i don't see it like that , we can double production and increase mine live with both organic expansion at Uis and acquiring Goantagab.

Yes sorry but my point is there is two routes to the magical uplands on 2000T the one you’ve described and just getting the jig online with the 3rd party ore which seems very high grade. Just need one of these things to transform FY 27.

Tin looks very much like it might set a new high next week as well.

Also and we’ve had no further update on this , the goanta 3rd party supply, although unproved if we can actually get the 1.5% ore to process , 2000T is possible off the current plant at those input percentages. Although profit sharing means it’s not all out Jam it would reduce the royalty rate , meaning the 1300 tons we produce we get to retain a greater percentage .

AV in fairness must be ripping what’s left of his hair out , both the jig plant and the pre from up north still not online , and let’s be honest he wants those two things more than we do . :)

@HarChris , thanks , that’s ringing some bells now .

Was following the company much leas closely in 2023 but yes I remember those CLN think they are 12% and I think we’ve issued shares in Liue of payment before . Think you are right , with the advance from the smelters , and recent months operating profits , it would be nice to see that debt cleared this July . Certainly will improve long term viability if we do . Also I see no reason why the Orion CLN can’t be cleared by Nov 27 with tin prices north of 40k. Guess the trade off here , is paying off those liabilities reduces money for CAP EX .

Normally I would favour CAP Ex project , however I think ATM of 23/24 sailed danger close to the wind and took on some expensive funding. Getting them gone over the next two years will have a massive impact . By which point we should be able to find more favourable funding , as we will be a totally different beast.

@HarChris are those the CLNs that are payable in July ? With the horrid 12% on .

If so do you remember if the warrants were time limited ?

@bohercom do we know what price Orion subscribed 30 million shares I can’t recall?

Either way seem someone has been seeking to sell above 4p for some time.

That’s certainly a feasable seller

Closing down today , with such bullish tin prices seems inexplicable, someone cleared some shares after lunch :).

Agree with you on this, few companies of this MC, have the bank balance that we do, to open up new projects whilst avoiding terrible JVs or Debts.

fundamentals are so strong, good 10+ years more of super profitability from current assets whilst looking to expand.

I'm now long term hold on CAML with div reinvesting .

With that production (lithium) being unencumbered by royalties it could make a substantive difference to profitability, however clearly a time frame of years for that. Still its nice for a Small Cap to have some big ideas moving forward, plenty of potential game changers here.

@lowlander just to answer your earlier question

"Product means any tin product in any form or tin compound mined or extracted from, or milled, produced, recovered or processed at

(regardless of whether or not such tin product was mined or extracted from the Mining Area), the Mining Area which is capable of

being Disposed of, including tin ores and tin concentrates, and “Products” shall be construed accordingly.

So it seems ore processed on site from 3rd parties is liable.

ATMs FY 26 ends this month so 1000-1100 ton relates to current output , not to FY 27 that starts next month, least i hope not :)

1100 tons in FY 27 would be enraging and could only be true if neither the jig plant ,ore sorters or 3rd part ore didnt come online.

Haha 9800T PA , think a lot of us on this chat board would be super yachts at that point.

Think id settle for the 1600T PA and lower Aisc right now :)

@ lowlander the original royalty i believe had the phrase "all third party ore supplies from the Erongo region" now the unknown here is if it would be expected to include Goatnagab supplies as that comes from Kunene region.

Not sure if anyone here can 100% answer that?

HarChis i cant fault your logic there, yes when looked at it from that prospective you can argue its a $32.5M or C$32.5M vote of confidence that ATM will remain viable., Think i said earlier its another institution taking notice of ATM now.

No i think its USD they use $ rather than C$ throughout the article, both in stating the costs and the current trading range for Tin.

i mean the article is clearly Canadian so prehaps you're correct, either way it shows that another external business sees something here !

my only concern is that it represents a bet by Evolve that we wont break 1600T any time soon! like i said i want us to prove them wrong and make this look expensive .