Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Great read https://www.mining.com/graphite-poised-to-do-a-lithium/
Been re listening to this excellent Sunday roast broadcast on graphite and rutile. https://audioboom.com/posts/8068192-midweek-takeaway-bank-holiday-monday-rutile-mineral-sands-and-graphite-special-aim-cmet-lse
Re listening to this Sunday roast, an excellent broadcast on graphite https://audioboom.com/posts/8068192-midweek-takeaway-bank-holiday-monday-rutile-mineral-sands-and-graphite-special-aim-cmet-lse
If i was depressed about ben I wouldn't be selling just a third, I would sell the lot and move on (May I suggest cgo or bres hehehe). Its annoying the share price going down but if you have faith in the coking price eventually increasing AND the number of trains per month increasing then ben will increase, simples. Or me thinks you want share price to drop so you can buy more (oh I am happy for this to happen as I would find it difficult to not buy any more!). Seriously no share should depress you, if it does get out!!! I will be staying!
Sunday roast series 4 episode 54, Adam says that they have 40,000 tons in stock. At no point here does he say that this is at max capacity for storage, why would it. Unless things have now changed, in the old days you used to see massive heaps of coal on the ground. Also we have the land etc for the new permit so even more land. Anyways don't really matter either way as we both realise the current market cap is just very silly!!!
Bens creek is a massive site now with loads of land for ground storage. As an example (yes I know we are mining met coal!!!) Take a traditional thermal coal power plant, it uses 10,000 tones of coal a day and typically store a months supply(where do they store it yes just on the ground in the open). So they can typically store 300,000 tons!!! So I think it's fair to say that these people saying ben must be reaching capacity for storage are talking bull! Once these new train drivers get driving those trains we can very very quickly get through the back log (then the shorters will quickly get burnt oh dear!!). Its all very exciting for the new year. I won't bore people with calculations but the current market cap is totally stupid hence I bought more shares on Friday.
Oh sorry and the talk is on graphite prices going through the roof! I will now try to contain myself and shut up now.
Really loving this share. So undervalued on 1% of resource. Liking this re-rate but with funding partner OMG it's going to go start to really power up. All for a very exciting few months and hopefully an amazing year.
Even with just 2 trains a month and 1 hwm we still prob on under a pe 4. Share price totally detached from actual production transported (ignoring any future potential). While annoying if you are here for dividend doesn't matter at all (ya annoying but that's all!). Let people enjoy trading it, I am now just happy to keep for years (unlike most investors I can wait for longer than a few weeks!!!).
They have over £2 million in cash! But in the years to come, will they raise more cash, who knows. I think they will be bought out before!
Some one posted this link, think it was on bres twitter, scroll near the end. They really like bres talking about a 10 bagger. Keep this for a few years it's going be way bigger https://ukinvestormagazine.co.uk/barclays-reckitt-benckiser-and-rishi-sunak-with-alan-green/?mc_cid=0cde003148&mc_eid=df2295942c
I bought half a million of these shares yesterday and to be honest I intended to buy then sell quickly and move on (by the way i have made a nice paper profit at present).
Then I started to research the company properly, woow! Obviously copper results are amazing but they have some bonanza grade gold (greater than 31g per ton), what? And cash!
My conclusion I will certainly not be selling and on any weakness I will certainly buy more (when funds are available).
A great find.
I don't disagree with you but eventually shares tend to get to their true paper valuation (most of the time). I don't mind waiting. I took a position over two years ago with uranium stocks, nothing then we had massive growth then I sold out. I have faith in ben, if I didn't I would sell up and buy something else.
What an amazing rns and so late in the day. Fireworks tomorrow??? Valuation? Still lots of work to do but woow if it's all positive.
Obviously the fact that we are only getting 2 trains per month is the main reason that is holding back ben. Yes second high wall miner neat but we need those trains (certainly not Adam's fault though).
2 trains per month = mkt cap £114m = 30p
3 trains per month = mkt cap £171m = 45p
If currently mining 40,000 tons pm that's almost 44 trains per year so =£209 m which is 55p
And this is just 1 him, like I said it's just the number of trains. When we can increase those trains the share price can rise dramatically
(BTW 2 HWM would give u 110p a share if can get all trains to transport it on pe4!!).
Assumptions
Met coal b $280 per metric ton so x0.91 to get short ton
Guessing 5% discount
Costs $120 per short ton
So $122 profit per short ton
$1.13 to £1
So £108:profit per short ton
Let's use a PE of just 4
Each train transport 11,000 short tons
While it is obviously annoying seeing the price going down to silly levels as long as you don't sell it doesn't really matter. It's going down because its worrying people because it is going down, it will pick up in the end. Just think dividends, dividends, dividends, ya they are going to come along later than originally anticipated but I do believe they will come else I would sell.
The current valuation of BEN is so low (especially with the weak pound) that I can't see this being relevant to current market cap. Obviously some traders won't like it although some traders won't like it if it was $100 higher.
when we are back to average 20 day moving average, the current profits are massive in comparison to share price.
$265 per metric ton, we are talking short ton so x0.91 and integrity on discount (guess ? 5%) so x0.95
So that's $229 - costs of $120 per ton so profit $109
0n 40,000 tons pm x12 x$109 = $52 million profit pa
So £44 million profit x PE 6 that's mkt cap £264 million so 75p a share
On 80,000 tons pm that's $104 million profit pa or mkt cap £528 million so 150p a share
And if met coal gets to $350 per metric ton then on 80,000 tons pm that's 252p
The figures are just massive. The share price will pick up as soon as its clear that coking price is tending up (just like adam said it would!!!). The company are obviously behind schedule and investors just don't like that (but only by a fewmonths!). Overall I like adam and I like ben. If the share price doesn't move then eventually we will be getting some utterly massive dividends, happy with that.
I read that you are a shorter! Nothing wrong with that (wouldn't do it myself on any share not in my nature). Good luck with your other investments.
Great little gold share, I have been very happy with the low valuation as I have been building a rather nice holding in. If those drill holes are as good as expected by the Prof then this is going to fly as the share price moves very quickly on small volumes. I also really liketge prof, such a nice man.