Member Info for Laverda

Ivenoidea, not anything to do with miracles - just facts.

Rather than guessing.

For some reason you think I have a conclusion?

I don't, I just wait for the facts.

Ivenoidea it is you who is the plonker.

Neither plant is up to full speed but you claim to have the costs, quality and profit assessment from both to draw your conclusions.

I will wait until they declare nameplate and release figures.

You just keep typing your tripe.

It appears foolishly optimistic to think you have an answer that the mines do not.

All of the previous figures were projections and budgets. Reality will provide figures when both plants are up to speed.

As for the grades, where did you you get that information from?

Ivenoidea until the production costs are released from both finalised plants you have zero idea what they will be.

Therefore giving spodumene prices which could be profitable or comparisons are complete works of fiction.

Ivenoidea, how do you know the production costs of Goulimani, I thought they were just ramping up too?

They started long before us and have a plant which will produce 500,000 tonnes per annum which is why they are exporting now.

I can't see Ganfeng publishing their costs per tonne now Leo is gone.

We also don't know our costs per tonne so nobody can comment on those either.

Normal fiction posting resumed by the usual suspects.

At the end of the day look at the sells and buys, so far nothing outrageous happened, last time it was all imaginary as confirmed by Bernard.

Excellent George, good the other articles and photos in the list too. Numerous mentions and photos of Bougouni and the Hainan plant in China, plus talk of their diversification.

Good link.

If you want to keep trolling you have to get past the export permit, otherwise when it is issued as a troll you are stuffed.

I agree Badomen on DMS and the high Opex AISC.

However that Opex AISC is about to be adjusted.

There is nothing in there for gold, nothing in there for resource upgrade, nothing in there for a floor price, the upside is looking great.

Happy days when investing.

Just a few leavers selling their wares here.

Nothing directly to do with us.

Cheers.

Onlyking bit beyond you?

I am saying very simply our current market cap can easily be supported on our projected income figure in a worst case scenario if we owned or did nothing else.

The critics peddling their 2bn market cap today investment without any growth require 11m income per month if they had nothing else.

I know which I think has the most headroom.

Badomen PS, I agree with your figures using the Opex AISC.

However that figure we know is high providing the other costs either remain the same or are lower. Plus in practice costs don't actually work like AISC, in the good times more is put away for future capital costs. It is an average.

Then we have the floor price next year.

So we definitely have headroom, floor price, flotation plant funded from offtake, two goldfields.

So your figures if we already had a 2bn market cap, what earnings would you project as required?

Badomen no.

Our current market cap to the other current market cap.

Growth would be in excess of this.

So growth in our case would be increase of resource, development of goldfields, stage 2 funded from offtake, implementation of floor price if higher than market price etc etc

Put simpler, if we had no stage 2, no Goldfields and all our company was ever going to do was the DMS, we would need to have earnings of around 410,000 per month.

If we had 2bn market cap we would need around 11m dollars per month to support that market cap in earnings alone.

Fortunately for Kodal our earnings should exceed that from the DMS alone and we have two goldfields to develop, plus we have our share of the flotation offtake to sell to fund our stage two capital requirements.

Tidal - not talking about billions here.

Highlighting some negative comments here for potential market cap growth for Kodal with no current earnings and a very small current market cap, from some investors already invested in a company with no earnings but a market cap in the billions.

As Badomen was highlighting a very rough rule of thumb of the potential earnings multiple required to justify a potential market capitalisation.

Badomen obviously that is correct, based on where the company is within its business cycle.

However the multiple/division works on any scale as a ultra rough rule of thumb.

I am a bit more conservative 12-15.

Rob below 750 dollars you don't get issues. Or at least you can't know if you do or don't have issues.

Everyone is basing everything on the Opex AISC price per tonne in the Kodal presentation.

Two things wrong with it, the COST is based on 2,080 dollars per tonne spodumene price.

2nd it is an estimate. The higher the tonnage from the plant and the greater the resource the lower the Opex AISC, the lower the Spodumene price the lower the Opex AISC cost per tonne and any savings Bernard can make or efficiencies they find the lower the cost per tonne.

We need declared nameplate and the Spodumene price at that time plus actual costs to see what the profits will be.

No Badomen, I don't expect that market cap, I was just curious.

I noticed some investors already in a 2bn dollar market cap investment were questioning headroom growth on a 50-70m dollar market cap company.

I found that amusing.

Thebogis, the ship is not our responsibility.

Ours ends at the dock. I asked the question.

Badomen how much earnings would you expect from a £2bn market cap?