The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
It'll come.
Not the fault of the company, its down to tanz slow bureaucracy. I really wish people would stop moaning or sell up & move on fresh investors will come in to take your shares & then boom mining license signed off rns.
Our neighbour Black rock mining up 14 percent on POSCO news
Black Rock Mining (BKT) is set to receive a $9.6 million equity investment from South Korean steel-making company POSCO after ticking off a key government approval
The Tanzanian Government Fair Competition Commission gave the green light to POSCO’s 15 per cent equity investment in Black Rock Mining, the final regulatory condition precedent to POSCO’s investment
According to Black Rock, both parties intend to cement the investment on or before May 31 and continue to progress discussions regarding an offtake agreement
Black Rock Managing Director and CEO John de Vries described the arrangement as “transformative” for the company
https://youtu.be/G1ptUOeO35M
& good to have you back Piler ;-)
Piler you crack me up with your oddball stories.
Met terry hall from the specials on a night out in a pub many moons ago, he was stood on his own at the bar, got talking lovely chap all said!
When the licence drops things will really start rolling here with offtakes & finance 5p will seem very cheap, remember the ESIA was crucial for paving the way to mining license which is very close according to the grapevine.
Brilliant news & bodes well for acp. Our graphite pier in tanzania Walkabout resources up 44% on finance news
Walkabout Resources (ASX:WKT) secures $26.2M finance facility for Lindi Jumbo Project
https://www.google.com/amp/s/themarketherald.com.au/walkabout-resources-asxwkt-secures-26-2m-finance-facility-for-lindi-jumbo-project-2021-04-13/amp/
https://twitter.com/ArmadaleCapital/status/1359488563478429699?s=19
From the dfs -
Projected timeline to first production is expected to be approximately 10-12 months from the start of construction and the capital cost estimate for Stage 1 is US$38.6m, which includes a contingency of U$S4.1m or 15% of total direct capital cost, with a 1.6 year payback for Stage 1 (after tax) based on an average sales price of US$1,179/t. Stage 2 expansion is expected to be funded from cashflow.
Demand will only increase for higher grade graphite as the ev market grows, think ev's will really snowball once the pandemic is mostly under control by which time we acp will be a producer. Very excited about our prospects, we are ideally placed
Our neighbour Blackrock have a lower grade graphite & estimated basket price of $1300 tonne, their capex is much higher too at $115ml compared to our $39ml.
Think once finance is secured which will be no problem with our low capex & 91 percent irr share price of 20p achievable.. Remember the payback time is just 1.6 yrs for stage one.. Anyone's guess on sp when production starts 30p+ by then.
From the dfs
Projected timeline to first production is expected to be approximately 10-12 months from the start of construction and the capital cost estimate for Stage 1 is US$38.6m, which includes a contingency of U$S4.1m or 15% of total direct capital cost, with a 1.6 year payback for Stage 1 (after tax) based on an average sales price of US$1,179/t. Stage 2 expansion is expected to be funded from cashflow.