Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nonsense.. the CEO told us yesterday: Jeremy Martin, CEO of Horizonte, commented:
"We continue to make solid progress with construction at Araguaia Line 1 and are confident that the Project is now significantly de-risked given the near-finalization of detailed engineering and procurement, together with the detailed review of the costs to project completion, ensuring successful delivery. Despite the anticipated higher capital requirement, Araguaia remains a Tier 1 asset that will deliver strong margins over its 28-year mine life once production commences next year.
200 million USD or more (35% of orginal capex) is way too much fpr changes in the water -system and some additional equipement... i thing 50-100 million is more realistic... (35% of the remaining capex)
“We continue to make solid progress with construction at Araguaia Line 1 and are confident that the Project is now significantly de-risked given the near-finalization of detailed engineering and procurement, together with the detailed review of the costs to project completion, ensuring successful delivery. Despite the anticipated higher capital requirement, Araguaia remains a Tier 1 asset that will deliver strong margins over its 28-year mine life once production commences next year."
Ok, bad day for shareholders but the partners/stakeholders will back the project , so nothing is lost here... cost overrun of 1 year Ebidta and 2 quarters longer construction timeline... i will hold for now.. selling makes no sense now
...i like the 5 year-plan for the new mine ... the AISC will go down blow 1000$ in 2025 ... Shanta will generate signifivcant free cashflow over the coming years and WK will grow further hopefully to 3 million oz++++ (takeover-target)
I found a negative point in the presentation .. Q2 was the best quarter for Singida .. the AISC -projection for Q3 + Q4 is higher ... possibly they will beat this cost estimate ..we will see ... the main reason i bought here is West Kenia and this project will grow over the coming years .. the current NPV of WK is 3x todays marketcap ...as a shareholder you get the 2 producing mines for free ;)
I'am suprised by the low AISC ... half of the net debt gone in just 1 quarter.. thats amazing ... Q3 ends in 10 days and all net debt will be gone... Shanta Gold generates tonnes of money for drilling out all 3 projects + paying a dividend.. thats a extreme comfortable situation for shareholders
Funding-news is t he one and only news wich will move the SP significantly ...upwards
This SP ablolutely makes no sense.. i will hold this until the mine and refinery is built ..SP will inrease x-fold ...