GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
The drill results just released were very good.
The Minto mine didn't flood Steve, so it's not like the Weatherly International situation where the open pit flooded.
Minto had to deal with record snowfall last winter and managed to cope with the resulting water very well when it melted.
It closed the mill for several weeks as a precautionary measure but continued mining. The mill was later run at a higher production rate than previously to make up for the closure. Minto therefore managed to meet production guidance last year as per the recent news release. The amount of snowfall encountered last year is a very rare event.
Does anyone subscribe to Share Pr0phets?
Am I correct in thinking TW just released a podcast about BMV and tipped it to be 5 or 10 bagger?
Would be good to have a summary of what was said if my information is correct. I know he met with Colin Patterson a couple of days ago
Very disappointing to see revenue decline for a 3rd year in a row.
I thought inflation would at least lead to an increase in revenue but instead we get stagflation with declining revenue and increasing costs which is very negative for shareholders
smalleyus you are clearly disingenuous as your numerous posts over the years show you have a hidden agenda against the company and its management. It suggests you most probably work for a rival or have been sacked Inthe past by one of the directors
Is anyone holding Critical Metals?
I was just doing a comparison between CRTM and GLR as the companies are both currently valued at £14m and CRTM has recently started mining copper in DRC. It owns 70% of the mine which it forecasts will produce 120k tonnes of copper oxide ore per annum which will be sold to local processing plants. As far as I can see the ore isn't being upgraded at the mine site but simply dug out the ground and trucked to a local plant. I think that is it's only project at the moment. It's quite an interesting comparison.
The Q4 results were excellent and now there's some extra cash in the kitty should the company need it.
The market dislikes uncertainty and that has been removed. Now is the time to sit back and relax and countdown the days to Kouroussa production. Not long to wait now!
If anyone has and doubts about the ability of the company to pay down the debt taken on to build the Kouroussa mine then I suggest you review the data. It is a very high grade open pit mine with a high IRR and fast payback time. Barring a collapse in the gold price (I'm expecting new all-time highs) the debt will be paid down very quickly with 2 mines in production
So that's around $20m pre-tax profit attributable to GLR's 75% interest at the current $9000/tonne copper price assuming the production rate of 600k tonne per annum of ore in the RNS. Obviously could be much higher if the copper price takes off as expected
Going by the figures quoted in the JORC report, open pit mining will be very high margin with a pre-tax profit margin of around 70% including G&A. That's at a copper price of $9000/tonne and there could be some very considerable upside from that price given the demand v supply outlook for the metal