Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Potentially game changing News. Confirms that the AEM system is effective in identifying copper zones/deposits. This is just the beginning. I think we should all remember today and this announcement! Life changing!
Big things of this week!
Bonker . Great post.!
I concur as usual with everything Bonker has said. My only variance is that I honestly don,t think we will get to March/April 19 and FID. I think the Bots project will be bought out by a bigger player, hopefully a Major. If we hit multiple Deposits through T3 Dome and T20 etc... as anticipated I think MOD ( although publicly have been adamant that they want to go into production) will recognise and with subtle pressure from the Bots government, that two small players can,t exploit an area that would normally easily accommodate multiple explorers. The thought of finding multiple deposits but only being able to fully prove up as cash becomes avaliable from T3 in late 2020 at the earliest would be madness, especially if we are in a Copper bull market. So I suspect that MOD are playing a blinder and progressing T3 pit, with DFS and EIA etc... with one eye on satelite deposits around T3 dome to provide a purchase with an off the shelf, ready to go project ( "one small stater project" ) , and with a series of district scale deposits partly proven. At that stage I am sure MOd will be able to write its own cheque!
9 months takes us to around the middle of March. Which is when MOD are aiming to announce the T3 pit DFS and then FID. In the scheme of things 9 months is now a relatively short time. But what can we expect over that period.? T3 Resource upgrade fairly certain to confirm the Expansion case as the new base case. August T3 underground very likely together with T1 to produce a new expansion case with a projected 5 MTPA add on. Targeting circa 40-50ktpa. The expansion Nav currently sits at around $400m. But with Copper moving towards a consolidation over the next 12 months at $3.30 the Nav will move to at least $500m. Add the underground and you are looking at around $600m at $3 copper and $800m at $3.30 copper! Now the really interesting bit, How likely is it that of the possible 20 targets identified/to be identified as high priority over the T3 Dome, T20,T4,T7 MOD hit at least 1 deposit? How likely is it that MOD will find a range of deposits, some similar to T3 and some more like T1? A reasonable person would suggest the chances are very, very high. So looking forward 9 months. March 2019, What Price Copper? What Nav for the DFS, How many deposits have we found. ? Funding in place, current valuation considerably below NAV. Exploration just starting. The only downside risk I believe we have is that a predator will come in with an offer considerably higher than current shareprice, but considerably below true value in 9 months. ( months not long to wait and news coming thick and fast in the meantime.
This was a big part of the discussions we had with two of the MOD directors over lunch at Walsall a couple of weeks ago. The recent M& A had been a bit of a wakeup call and there is a genuine fear of a low ball offer, just at a time when the exploration campaign is kicking off. The fact that there is a JV is a huge protection against a hostile bid as they believe most predators will want the whole of the licence, not just a majority. But interestingly they also felt that a JV/equity event between MOD and MTR would also help to protect. So yes it is high up in their thought process and they have plans afoot.
Again. ! Directors Talk
Again. ! Directors Talk
https://www.*************.net/interview-metal-tiger-investment-into-kalahari-metals/
https://www.***************************/interview-metal-tiger-investment-kalahari-metals/412752465. Very Bullish. Especially on current drilling campaign at T3 Dome. "Highly likely additional deposits"!
Bonker you are going to need a bigger graph!
Bolgas. This is a Board discussing MTR not homophobic shite!
It is really hard, after such a desert of News and stagnating Share Price to begin to look at the catalysts that are on the horizon with MTR and MOD. The Kalahari basin is starting to become recognised as a new highly rich Copper belt. You just have to look at Cupric Canyon to see absolutely staggering deposits and MTR/MOD have only just started to really explore their acerage over the past few weeks. There are 7 initial high priority targets. If you were a betting person, with what you know of the belt and the AEM analysis, what are the chances of just 1 of those 7 hitting pay dirt? Can you imagine the economics ? As Bonker and 162 have illustrated T3 Dome will have a Nav , post Resource upgrade of around $500m at $3.20 copper. Add the underground and T1 and you could be looking at $750m!. So just 1 hit out of 7 could bring us up to well over $1bn. T20 and T4 will have at least another half dozen to dozen high priority targets, with Geophysiscs mush more attractive than T3 again, the chances of just 1 deposit being found? By the end of the Autumn we could be looking at a JV with possibly/ probably Tier 1 status and a Nav running into the Billions $ ! If you were a betting man what odds would you give? The downside is hugely protected with what we have found at the moment and with DFS and EIA progressing and copper price firming up we should be multiples of where we currently are simply with the T3 project. I really believe the fundamentals and Bonkers chart are aligning and high teens/ twentys is the Take out target!
For the real news to arrive!
Behaving itself too!
Fantastic news,! Botswana the place to be and piggy back the Geo from CC and MOD. Going to be a very hot summer!
again. looks to be consolidating. Just need news flow to start!
Just hit $3.13 . Consolidating. Hopefully fulfilling Bonkers promise and creating one hell of a backdrop to imminent news!
Gaining some strength. This month should be transformational for MTR. Absolute barrage of news waiting to be released, just a matter of When not if. Just by the number of posts on this BB we can see how under the radar MTR is. It just takes one significant spike to get noticed and at �25m odd market cap, incredibly undervalued and won,t take much volume to have significant effect.
Really reassuring that the consolidation and rise in Share Price on modest volume and with fairly ordinary ( although comforting ) news in the Annual Accounts. Provides a great base from which the real re rate will occur when the a avalanche of news begins, Updated Resource to move Expansion case and Nav of $400m to Base Case. JV news and corporate restructuring, as Bonks says, moving significant value onto the balance sheet, results coming in from exploration campaign and 7 sisters ( which could/should be absolutely transformational and confirm the District sized potential of the licence area ), other rumoured projects, T1 and T3 underground Resource estimates. T20 EIA, Such an incredible newsflow over the next 6 months against the backdrop of a firm copper price and an increasing M & A approach from the Major's. What will happen when the herd catch on?!!!