Member Info for K3VMC

Good morning safetyman.

Jaf has been very useful to me over the years. I haven’t always understood his arguments, but he has made me question my investment at regular intervals and that is always a good idea.

What I don’t understand about Jaf, is that he appears to be a seasoned investor, but seems to have no investment in other stocks. He neither mentions them here, nor posts on any other board.

That always puzzles me, but so do a lot of other things in life.

A. I am at lunch.
B. I don’t care what you want to know.

:-))

Of course I am a normal PI!!

Maybe you need new informants?

Where is Mr Masterman today, by the way.

ps, next time I address you as “mate” will be the first time.

Thank you Troajan.

How could I forget the classics?

If you can remember that far back, there was never any tungsten, only dirt. Wres was NEVER going to get funding, because no-one buys dirt. And the grant was never going to be paid, etc.

One by one, the milestones are met and new, more non-sensical nonsense has to be produced.

And there are spies in the RAC club, waiting to phone up DH and report on Mr Masterman’s movements. I would say meetings, but perhaps they monitor more than those. Makes you wonder if Devilsbeast/Devilshorns are the normal PIs they claim to be.

Tonlin. Nearly there mate. Don’t let them get you down!!

At some point, soon, this nonsense will stop.

Only my opinion, of course.

I agree that some LTHs are getting bored, impatient, disillusioned or whatever you want to call it. Marcus, Charles and I won’t be going anywhere, but others may well do that.

TT, the sp is down by 0.02p today.

If it loses this much every day, the sp will be zero in five weeks.

Jaf, thank you. That’s all I asked.

Is the formula ok.

Now posters can put in their own figures.

Nice to agree on something.

Mr Masterman has a full production target of 250,000 mtu. That has not been achieved, obviously, but IF it is, then over a year of full production, every $5 change in the APT price means a $1m change in ebitda, over that 12 month period. Assuming a mining production p/e of 5-7, that is a change in sp of +/- 0.1p.

As always, I am happy to have my calculations challenged.

TT, the short term sp is not important to me, or any indication of where the sp will end up, or when the first dividend will be, or what the next project will be.

Agree all that rod. Gold is way down on my list.

Jaf, try reading 11:46 properly.

It answers my question with another question. Nothing else.

No-one challenged my calculations.

Put in any figures you want. I have my own.

Is there a problem with the formula?

I think you will have a better idea than me.

You are the one with good guesses, informants in clubs and knowledge of timings of brokers reports.

Anyway, I posted my calculations. No-one has challenged them. I have made my contribution to discussions, so I will sit back and appreciate any drop in price you guys can arrange for me.

Muchas gracias!!

2,500 tonnes = 250,000mtu WO3

APT = $280/mtu

WO3 = APT x 80% = $280/mtu x 0.8 = $224/mtu

Ebitda/mtu = $224/mtu - $94/mtu = $130/mtu

Ebitda = ebitda/mtu x mtu = $130/mtu x 250,000 mtu = $32.5m

So, ebitda roughly the same as mcap, as previously posted.

What particular calculation do you object to, jaf? You can chose from one or more of:

A. Production of 2,500 tonnes, as given by Mr Masterman.
B. Costs of $94/mtu, as given by Mr Masterman.
C. Current price of APT of $280/mtu.
D. Sale price of WO3 being 80% of APT price.

Which figures are wrong?

Feel free to join in DH.

:-))

Mcap roughly the same as prospective ebitda.

So, pick any P/E ratio you like, for a producing, profitable mine.

Then multiply that by the current sp.

That is where we are heading.

All imvho, of course.

DH, you already told us Hbob had sold out.

Ah, the dirt at Sao Martinho! No wonder I got confused.

What gold?

31/03/YY Q1 end
30/06/YY Q2, H1 end
30/09/YY Q3 end
31/12/YY Q4, H2, Year end.

I’ve seen some desperate trolling in my time, but this is the first time I have seen trolling over period ends

Absolute nonsense.