Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
a great thread that highlights all the key value drivers investors can expect - well worth a read though
https://twitter.com/TheMoneySponge/status/1177498162056978432?s=20
Great news company keep delivering like this and upon DFS and conversion to binding ofqtakes, no reason this company wont be at 10p £40m cap - thats just half of where walkabout got to on same milestones
And thats not far away either
Nice to see the SP consolidating before next news and churned a few larger sells.
Here si a list of news flow I think we can expect through to DFS only a couple months away, anything I missed?
Resource Update (incorporating 10-15Y High Grade operation) of initial 32Y Mine Life
Graphite Concentrate Battery Cell testing
Mining License Approval
Off-take MOU for remaining 19k/t pa
Binding Off-take
DFS
Project Financing
Post from ADVFN
meta1mickey18 Sep '19 - 11:42 - 1963 of 1963 Edit
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Really good peer comparison from twitter, at Walkabout peak its equivalent 18/20p ACP share ie after they delivered DFS and binding off-take
Key to note at same stage ACP are at now WBT were still 3x our MCAp at £20m
ACP project higher purity
https://twitter.com/DragonsBreath99/status/1174218983190519808?s=20
Moneysponge coverage of ACP
$349m npv $35m capex 122% IRR
Scope to create stage 2 and 3 operations as original numbers based on just 25% of the resource
DFS deliver 2019
Mining license and permitting 2019
MOU conversion to binding agreement
Possible further MOU
JORC update to measured resource
BOD 22% skin in the game
Sub £5m cap vs same stage peers 2-4x higher!
HTTPS://youtu.be/r7hhfWJqi1s
yep not here for 10% long term hold for me sp today irrelevant to me
I do hope so - holding 1m shares currently with a mid 4p average but would love some stock at 2p which was below the IPO price lol
I think even the co-ordinated de-rampers here are gunna be disappointed sadly
The risked NAV of the portfolio is around 18p lol
There are plenty of stocks you could try and talk down on the Aim track market - this aint one but good luck
This company only came back on to my radar recently as I hadn't kept abreast of what they were doing
Having researched in detail the project vs Market Cap cant be ignored
Market Cap: £4m
Project Capex: $35m
Project NPV: $349m
Capex/NPV Ratio 1:10
NVP circa 88 x Market Cap
You will struggle to find a Capex vs NPV ratio of 1:10 on AIM for any other projects especially those such as graphite which will be in high demand for EV's given that the Mahenge Liandu project is also high grade large flake high purity product. Then there is the graphene market too.
Peers I have looked at are trading at 3 to 5 times higher market cap many with similar resource size and similar stages
Cant see how this does not rerate as DFS is completed
Currently its just under the radar and Sp driven lower because they said a while back they needed funding for the DFS
Now thats in place should be interesting…
he other highly attractive thing is the Capex is so low comparatively due to the low 1:1 strip ratios.
With the 5 year MOU in place for 30k/t pa and other offtake likely especially China driven since they are becoming a net importer of graphite and cant see much trouble getting finance either post DFS given also the market leading $400 per tonne opex
A great overview of the UOG portfolio
https://youtu.be/FqPj55ZkMY8
From here expect news on:
Colter
Crown JV now CPR's complete 95% UOG can farm down for free carry
Jamaica and Italy CPR's Jamaica should be hundreds of millions of barrels - thats just target 1 Colibri - seismic has determined larger targets which could result in an acreage offering multi-bin barrels
Italy Seismic East Selva 3-5X larger than Selva with $2m a year to UOG
Waddock Cross Drill (Development) H2 worth circa 200bopd to UOG and production expected 2019
Acle Farmin-in option
Portfolio has increased in NAV by 800% over last year risked NAV 18p per share / Un-risked 75p
So it really now is about moving the assets through further derisking to value
2019 should bet exciting not least as we expect a new deal anytime from now too
I have seen a number of posts regarding the terrible events in Brazil with the Iron Ore tailings facility dam incident
I have spoken to the company and HZM is and will NOT be affected in any way
The Horizonte Mine will not have a tailings facility or Dam. The waste product for the nickel processing is silica slag - completely different, a stockpiled waste product
This would not affect any nickel mining companies.
Furthermore Horizonte have all their permits in place. Any likely regulation changes or fall-out would only affect products with tailing operations
So Horizonte not affected by this and a long way from where this happened also
Hope that helps
Sounds rampy but Ive been building a position here for a long time whilst other stocks have been receiving attention. The portfolio NAV has increased 800% last year but market has missed it - this year the derisking and value should start coming.
I am confident of a rerate from current levels
£15m cap with £5m in the bank
Post from twitter
Between Waddock and Selva #UOG could close the year with circa 400boepd production - useful for.a company with a £10m cap minus £5m cash but these really are side shows to the other assets East Selva could be 3-5x Selva too and path to production upon success would be immediate
Excellent overview of the company and potential by Money Sponge on twitter
HTTPS://youtu.be/rlr2Q9op4Tc
Great overview
https://youtu.be/hDwrEeAxE4w
Excellent drill results from Arc today
🔹Respectable 05% Cu strikes
🔹Lengthy intersections
🔹From surface (good economics)
🔹Some decent cobalt numbers (for extra credits)
🔹Aligned with grades of nearby mega-mines
🔹Lining up to be project of scale
🔹More results to come
Excellent overview for any new investors
https://youtu.be/TCdlNZx4xtQ
Excellent overview for any new investors
HTTPS://youtu.be/TCdlNZx4xtQ