Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As talk of oil is a little depressing. Does anyone have any thoughts on iron assets?
To me the potential numbers look phenomenal even though we only own half of it.
It seems alba don't talk this one up much and instead concentrate on gold, graphite and ilmenite. It's there any reason for this?Perhaps it's not going to be an easy job getting it out of the ground...
I thought the max potential was around 1600 a day...
Reading the ukog board is quite depressing. It seems no one has a clue how much oil is coming out at HH, if any at all. As much as I'd love alba to get some steady income, I don't think HH will be bringing anything in. Best ignore it until real news comes out.
What's a typical PE ratio for a mining company? About 15? So to get a market cap of £1bn, earnings need to be around £70 million a year. Completely do-able with Wales and Greenland assets of they are proved.
At 500 bopd, it's not worth holding onto. Selling it and getting Wales fast tracked into production world be better. At 1000 bopd its likely a keeper for the short / medium term.
What I'm after is Alba bring self sufficient and not rely on too many more fund raisers.