Member Info for Kiwi_

80 Million NOW!

I will continue to add at this level, that TR1 RNS could drop any minute. I personally know there is a lot of money on the sidelines waiting for that, but when it lands the market makers will tighten the spread, gap up and it will be hard to buy and decent volume. Now is the time to do it, not after that RNS

70 Million = 22%+ of the shares in issue traded in just 4 hours so far today

Bunsen, US$1.05 billion

US$1.05 billion

Gone NT to Buy again

Over 20 Million not including delayed trades

Assets:

Updated Scoping Study

The Board commissioned an independent technical consultant, 2M Mineral Services Limited, to prepare a revised Scoping Study on the Licence (the "2019 Report"), which includes a revision of the capital and operating costs and pricing assumptions that were presented in the URS/Scott Wilson 2011 scoping study report (the "2011 Report"). This revision has resulted in an estimated pre-tax net present value ("NPV") at a 10 per cent discount rate of US$1.05 billion; with projected annual revenues of US$323 million over a mine life of 30 years. The project internal rate of return ("IRR") is expected to be approximately 25 per cent. The revised findings represent a near doubling of the previously reported equivalent NPV and an increase of 6.1 per cent in the project IRR. A summary of the key differences in scoping study outcomes between the 2011 Report and the 2019 Report is set out below.

https://www.investegate.co.uk/pathfinder-minerals--pfp-/rns/corporate-update-htmlpipesymbol-subscription---issue-of-equity/201904101549358108V/

Assets:

Updated Scoping Study



The Board commissioned an independent technical consultant, 2M Mineral Services Limited, to prepare a revised Scoping Study on the Licence (the "2019 Report"), which includes a revision of the capital and operating costs and pricing assumptions that were presented in the URS/Scott Wilson 2011 scoping study report (the "2011 Report"). This revision has resulted in an estimated pre-tax net present value ("NPV") at a 10 per cent discount rate of US$1.05 billion; with projected annual revenues of US$323 million over a mine life of 30 years. The project internal rate of return ("IRR") is expected to be approximately 25 per cent. The revised findings represent a near doubling of the previously reported equivalent NPV and an increase of 6.1 per cent in the project IRR. A summary of the key differences in scoping study outcomes between the 2011 Report and the 2019 Report is set out below.

Key Differences in Scoping Study Outcomes between 2011 and 2019 Scoping Study Reports:





2011


2019


Change %

Estimated Run of Mine production


Mtpa


47.7


47.7


0%

Estimated Life of Mine


Years


30


30


0%

Estimated Mineral Content Split of Final Product


Ilmenite


93.4%


93.4%


0%



Rutile


1.8%


1.8%


0%



Zircon


4.8%


4.8%


0%

Estimated Annual Production ('000 tonnes)


Ilmenite


1,245


1,245


0%



Rutile


24


24


0%



Zircon


65


65


0%

Projected Annual Revenues


US$ m


247


323


+19.4%

Initial Capital Cost


US$ m


686


742


+7.5%

Estimated Pre-tax IRR


%


18.8%


24.9%


+6.1%*

Estimated Pre-tax NPV @ 10% discount rate


US$ m


529


1,046


+97.7%

Pricing Assumptions (USD/tonne)


Ilmenite


125


173


+38.4%



Rutile


677


908


+34.1%



Zircon


1,148


1,320


+15.0%

https://www.investegate.co.uk/pathfinder-minerals--pfp-/rns/corporate-update-htmlpipesymbol-subscription---issue-of-equity/201904101549358108V/

566822tn, just read the RNS but what you are missing is the value of the assets

Allign Research last top up was at 2p

I suspect we just might see some topping up by ALign research at this level.

I will have to dig out that research from long ago for here, it's been that long I can't remember where I left it lol

+6.67% UP ;)

NT with a speck of Blue REAT?

Skier1,

It has been very difficult to buy here lately as you know, maybe they are trying to fill an order for an II on the sly

Do you have a link? Are you sure you are on the right share?

Where is the sell?

Melvin Anthony Lawson 23,549,386 30.0%
Schroder Investment Management Ltd. 10,775,470 13.7%
Al Zahra Group Holding Co. KSC 5,979,067 7.61%
Hargreaves Lansdown Stockbrokers Ltd. 3,877,162 4.94%
White Mustard Investments Ltd. 3,180,000 4.05%
Cyrus Holdings Ltd. 1,230,453 1.57%
Hargreaves Lansdown Asset Management Ltd. 643,000 0.82%
Rathbone Investment Management Ltd. 334,000 0.43%
Smith & Williamson Investment Management LLP 164,737 0.21%

16.4 Million 26 March Jupiter Asset Management cross below 5% threshold, report on 27th March - RNS issued 30th March

As at close of play 26th March Jupiter held less than 5% = 3.9 million, then over the following days we have:

9.8 Million 27 March
7.7 Million 30 March
4.1 Million 31 March

Total: 20.5 Million

For every buyer there must be a seller so half that and we have 10 million, I think Jupiter are obviously out and we will get the RNS soon. However going by that volume I suspect another Institutional Investor who had been on the sidelines is hoovering up some of the stock, so it wouldn't surprise me if we get another TR1/Holdings RNS by a new Institution (2.1 million shares crosses the 3% threshold, remember only 78 million shares in issue). I can see this rerate quite rapidly from here as we saw with ETX , ITX et all, 8p price target going by the technicals. It may seem fat fetched (8p) but with such a tiny freefloat and strong fundamentals I think NSCI has the legs for this one. Either way, extremely undervalued at the moment with loads of news in the pipeline in a fast moving hot sector. Lastly I suspect we will also get a detailed trading update soon with possible Covid19 links.

16.4 Million 26 March Jupiter Asset Management cross below 5% threshold, report on 27th March - RNS issued 30th March
9.8 Million 27 March
7.7 Million 30 March
4.1 Million 31 March