Member Info for JimBL

That's my job! As far as I am concerned, they knew how important this is and if they were not expecting anything to occur then they should not have notified us that they were going to Togo for the last trip. They pronto informed the market that they were extending the stay due to the change of Government, and once again told us they were going back again for this trip.
If nothing is going to happen then it's the biggest example of company directed ramping you will come across.

Cheers, Andee. I could have done with this while having my weekend Blonde moment!

My bad.

I disagree with that on my understanding. The dmtu price used is for a 37% product. If it was higher manganese content then the price would be higher also.
Jupiter Mines price graph explains that as "Manganese Ore Index 37% Mn, FOB Port Elizabeth, $ per dmtu of metal contained".

Forget that last line at the very bottom. .

Sorry, but the July presentation is based on a 37% product, even though it also alludes to a saleable 38.8% also. The average dmtu price being bandied around ($3.20) is for a 37% product. Unless I'm having another blonde moment I don't understand what you are getting nor PC's calcs.

Mine go like this:
Sell price $3.17 dmtu (As per Jupiter Mines website, 37% product average price to week of 9/11) x 100 (gives a metric tonne) x 6500tpm (current capacity) = $2,060,500 monthly revenue. Or, $24,726,000 pa.

OPEX $2.21 dmtu x 100 x 6500tpm = $1,436,500 pm, or $17,238,000 pa.

Annual profit $24,726,000 - $17,238,000 = $7,488,000. Minus approx 25% to SGM / Togo Gov = $5,616,000

$2,227,400 * 12 months = $26 million revenues per annum

I'm not with you on that. If selling for $3.20 then $1 per dmtu is profit after the production cost- not another division of it. i.e. it's $1 per dmtu ( x 100 = $100) not 0.35c (x 100 = $35).

Right, got you. Say $100 profit per ton x 78000 tpa (stage 1) = $7.8 million. Minus approx 25% for SGM and Togo share = $5.85 mil pa profit?

? So at an average current price say of $3.20 per dmtu that's only $1 of profit per dmtu?

That equals 83.6 not 77

I don't get it either. I also don't understand why $2.2 was given as an operating cost when a few years back it was $1.83 and they said they were going to get that lower.

Manganese is priced in dmtu (dry metric tonne units); a ‘unit’ is 10kg, or 1/100th of a tonne.

https://www.rns-pdf.londonstockexchange.com/rns/4480c_-2015-1-16.pdf

Jan 29th this year(£310k raise) - “Although production will start immediately after completion of the permitting process, it is important that the long-lead items underpinning the expansion to the 25 000t a month capacity are ordered to ensure that we reach nameplate capacity by year-end."
1 year behind but I presume this has happened while we have been waiting? Presuming the license actually lands, then we must be a lot closer to ramping up to 25k tpm than the original 12 month envisaged.

Yeah, but it was claimed exactly the same for Q1 2020 after the Ministerial decree 1 year ago. Cool your jets I'd say, as this isn't delivered until it is.

Two bags of West African CFA Franc's?

Totally understandable, Prop. Hard to imagine one year on from a Ministerial decree to grant the license that they could once again leave the country without it.

6500t per month though, not per annum! An of course, the definitive plan to increase to 250k tpa. Just that pesky license to get hold of still.

I believe, if they sold the whole lot, then our 51% share would be worth only $195,000. I'd be more appreciative of the prospect if this so called in demand product actually had a buyer, or buyers, for it all. No news on that increasing from only 20% yet.

Bang goes that thought.

IG are fine now once I have the shares, Mark. They were pretty nightmarish when trying to get an answer as to why I didn't have them for some time though. Like you, I held some for a family member - and I sold their holding no problem at all.