Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I certainly hope so greg. I will be a rich man (by my standards) if they do.
Much work ahead to get to that stage though. Let's get a max production from Kenya then get 2nd plant going first. All needs to be funded and done properly.
final top up for me. took some BEN profits (Not bashing BEN, Think that has loads still to run)
Lets face it for a £18m mc - many would invest based on the resources and drilling plans alone even without having a production plant doing 1000 ounces min a month.
How much does all this infrastructure cost to start from new for example?
and they have no debt to go alongside this.
The more I think about it the more ridiculous it feels. It's just a wait and get rewarded process now.
totally agree.
No debt with a fully producing plant at this MC is crazy!!! Also love the fact they have there own drills, so clever.
I think the message will get out when production figures come in.
no that isn't what anyone is saying. just judging each phase at a time as the news comes in.
My initial target doesn't mean it is the companies target.
I am as bullish as anyone and I have put a fair size of my portfolio in.
I think 100% from here is a good initial target to review holdings. I am unlikely to take any off the table at that point with such prospects but I am not a fan of it's going to 5p chat without figures to back this up (they may well come but I think you have to review at each stage).
costs are crucial as we have seen with HUM they have strong production (and many others) but costs are out of control so it doesn't matter how much they produce. Anything under $1000 after investment for 1000 ounces a month and this is astonishing value below £50m mc.
yes the drop from 1.80p was actually a blessing for many of us. I only discovered this company at 1.2 but have loaded up. it really is a no brainer. many £40m mc companies are no way near production so that is my first target. so around 2.5p
Happy to continue to wait for production figures as it keeps slowly rising first. also the costs will be very interesting.
Been watching on the side-lines waiting and watching.
Looking at the fundamentals of the company it is crazy undervalued. what do people see as the reason for this? Must be something.
It is almost to good to be true at this price.
https://twitter.com/rhomboid1MF/status/1478455739832315904?t=qQQvf00WDxG3OSJQwmIF3w&s=19
Thanks.
Yes everything looks good. Like the new business ideas too. Diversify or die.
Nice LTH for me. No crazy drama just slowly move in the right direction.
Am I missing anything here? It really does look to good to be true. Massive shareholding by the director to. Free float is very small.
Also any ideas on the actual asset value? Number of properties etc
Thanks
Have just invested here today. What a find mcap of £5m and nearly every part of the business is turning around a booming.
Plenty of assets.
This really is a no brainer. Just wish I had more to put in.
I expect £30m ncap at least by year end.
ok looked back at the RNS. ARE THESE CORRECT?
22000 tons a month x 12 = 264000 x $300 per ton = $80m dollars or £60m
no idea on what they get per ton but went by the RNS of the 21st October although I haerd the interview where he stated $100 per ton or just under.
that is the key I guess
ummmmmmm
But what is relality gives a price above £1. that would mean a market cap over £300 million. the profit will have to be very high to achieve that. what £30 mil profit for a 10 PE.
I like the concept and think it is value but seems a bit high too me.