Member Info for LeeBruce

Now get a quote to buy 6500000, I'll wait??? Ohhh look 0.33

It's showing as a sell, the quote indicates it was a sell, the daily chart shows it as a sell but Tom says it was a buy, ok sure thing Tom.

No it wasnt, it was a sell at 0.314, I just got quoted 0.33 to buy 6000000.

Yep jam tomorrow

As for publishing mining costs etc Bernie isnt restricted to certain official obligatory reports, he could release the info now if he wanted, if it was positive news it should drive the SP right? Why isnt he releasing that info do you think?????

Every milestone here has been forecast as a SP catalyst, all have fallen over. The market simply dislikes Kodal.

Mac, which year?

Yep he walked in swinging his big one thinking kodal own 100% and bfd lapped it up, oh dear oh dear.

Yep the NPV is for s1 project, there is no s2 until deemed viable by a FS and FID is made. Harping on about resource size is ridiculous when most of it isnt amenable to dms.

Elco, you forget to adjust for ownership oh wise one.

So now he's saying that comparing kod to All is like comparing apples to pears yet he's the one using ALL as a comparison to show kodal arent undervalued? hahaha jeez this is good.

Here is kodals fs: https://polaris.brighterir.com/public/kodal_minerals/news/rns/story/xpnnvqr

Where does bfd get $1000/t from?

Lol, kodal used $2080/t in FS

"based on prevailing broker consensus pricing averaging US$2,080 per tonne (FOB basis)."

This bfd having a bad day.

As for overvalued, yep totally agree. Add $100/t aisc used in FS but leave all other metrics the same = on s1 4x100ktpa, s2 13x200ktpa reduces npv to <$80m post-tax npv. Now deduct 65% for ownership = $28M. Kodal MC is a wee bit higher than $28m isnt it?

"The London base rate is currently 3.75%.

For anyone to suggest that this should be adjusted upwards by 300-400% is plain daft. "

Then squirms and says "A low double digit discount rate is appropriate."

300% x 3.75 = 11.25

2. The Margin of Safety (Risk of Your Estimation)Because forecasting the future involves uncertainty, conservative investors apply a Margin of Safety (a percentage reduction) to the final calculated DCF value. This percentage serves as a buffer against miscalculations or unexpected negative events:Low-Risk Companies: A 20% discount is commonly applied for highly stable, cash-generating blue-chip stocks.High-Risk Companies: A 30% to 50% discount should be used for volatile industries, startups, or cyclical businesses.

LTR in production for 2 years, using WOF process, producing sc5.1 from 1.3% ore and have aisc >$1100/t. They also have benefit of scale >300ktpa output from 2Mtpa throughput.

You are well out on the aisc, plus if you think the aisc for s2(floatation) is the same as s1(dms) then you shouldnt be investing.imo

Nope wrong, kmuk want $15m from PLC. Take $15m from PLC account = result.

If $15m is irrelevant why bother with arbitration? Stupid post.