Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
How long has it taken to build the Chrome business to 1.5 million tonnes? We don't know what that figure of $6k is for.... I have challenged Neal and Leon to clarify it already. We don't need to process tailings to get to 100Kt/an. Its what value an acquirer would ascribe to getting that production and then all of the future growth which a single mine would NOT give them .... That is where the value lies.
I am saying that the investment needed from a standing start to be in a position in 10 - 15 years time to be able to produce what JLP will be able to produce in 18 months to 2 years is an estimated £3.5 billion. If you were going to invest, which would you put your money into given that it would start to pay back immediately in JLP. Therefore why wouldn't it be worth £3.5 billion in that time? Maybe you can explain?
I'm sorry.... where have Berenberg sprung from?? It was RBC that was appointed recently.
As was pointed out on the other board recently it is estimated that it would require an investment of £3.5 billion to open a mine with a capacity of 100kt/an of copper. In 18 months JLP could be ready to produce 100kt/an of Copper plus Chrome plus PGMS.... not in the 10 - 15 years it would take to open a new mine. £3.5 billion would value us at over £1 per share and the acquirer would be getting production NOW not in 10 years time. As has recently been quoted, Goldman too are now forecasting $15,000 Copper, as I said..... people need to wake up to the REAL potential here and start investing accordingly.
METALS – Copper back up above $10,000/T on Fed rate cut hopes
05:55
May 7 (Reuters) – Copper prices in London rose above a key resistance level of $10,000 a metric ton on Tuesday, buoyed by renewed hopes for U.S. interest rate cuts this year.
Three-month copper on the London Metal Exchange (LME) rose 1.5% to $10,061.50 a ton by 0415 GMT, while the most-traded June copper contract on the Shanghai Futures Exchange (SHFE) was nearly flat at 80,920 yuan ($11,213.35) a ton, hovering near the record high of 82,460 yuan. ...... A softer-than-expected U.S. labor market report on Friday led traders to revive bets that the U.S. Federal Reserve would ease monetary policy as early as September.
Lower interest rates could lift metals demand by boosting economic growth. They could also lead to a softer dollar, making greenback-priced metals cheaper to holders of other currencies. ...... Last month, top consumer China announced subsidies for scrapping old cars in exchange for new ones to boost car sales, especially for electric vehicles, which consume nickel in their batteries. And of course COPPER....
But actually, Gray, from JLP's perspective how long the period for the loan to be paid back is irrelevant..... The figure overall of estimated 42% to JLP has been quoted in the past, the 12% being fees for planning, running and managing the operation.
I had no idea you were such an expert in the field, Gray! Does the thought of a tearaway copper price disturb you in some way? The point of the demand for copper is that there is no viable alternative...
From a comment on that Crux Investor presentation (Merlin states coper needs to be at $15 - 20,000 / ton at 1:30s) ...
@antoniotreminio
"I am a venture capitalist specializing in exploring and producing high-grade copper ore or concentrate. The demand for copper has increased significantly over the past two years, and we are witnessing it firsthand. While there is no shortage of buyers, there is already a significant shortage of suppliers.
I believe the price of copper will rise to $15K and eventually to $20K. There are many factors to support this forecast, but I do not have enough time or space to mention them all. However, I can say that most copper producers are decreasing production due to lower grades. Additionally, no junior mining companies are coming into production in the next three to five years capable of producing over 100K MT of Cu concentrate. Nevertheless, the world wants more and more copper.
My sense is that in the longer term, between 5 to 7 years, once the world faces a copper deficit of several million MT annually, copper prices will rise above $50K per MT."
Edzi.... watch and learn..... https://youtu.be/ZCDIt_0Sog4?feature=shared
I asked YOU a question. Based upon the predicted price for copper and the stated growth path of JLP do you dispute that 120p is attainable if those forecasts are correct? I will refrain from responding to your continuing insults, pathetic though they are.
Edzi.... pots, kettles..... Do you disagree then that with a modest output of as little as 50,000 tonnes, and we will be producing that in 18 months or so, a copper price heading much higher, that hundreds of millions profit becomes inevitable....? Then there is Chrome.... PGMs, which will probably recover ground and who knows .....