Member Info for PaulFG

@Troajan I just can't decide if this is a massive pile-in opportunity or bide time until more unambiguous data is available

Yup each announcement now demonstrating definite progression

Better & better...

In fairness, they're expecting the judgement/ruling on or before 20th, the rns may be a day later.

And here it is - obvs all these numbers will most likely improve when we get the results of more drilling in the high grade zones.

"· Post-tax NPV 8(2) of US$ 283.3 million

· Post-tax IRR(3) of 25%

· Payback from first production: 2.5 years

· Production of 15,000 tonnes per annum, on average, of Mixed Rare Earth Carbonate ("MREC"), at an average price of US$ 13,558.4 per tonne of MREC(4)

· 18 years Life of Mine ("LoM")

· Open pit mining operation, 750,000 tonnes of ore extracted and processed per annum

· Two stage recovery process, consisting of comminution and flotation, followed by hydrometallurgy

· LoM EBITDA(5) of US$ 1.67 billion

· Initial Capex of US$ 276.3 million"

Nice little RNS - looking forward to the lab results in about 6 weeks. Adds to a nice portfolio in Nevada.

Nice little video today on LinkedIn reminding us why Greenland is such a great, as yet probably unrecognised, natural resource location : https://www.linkedin.com/posts/amaroqminerals_amrq-activity-7119932777080205313-0aNb?utm_source=share&utm_medium=member_desktop

So after the excitement of Sept 25th I noted the following upcoming news events - getting close to something...

So upcoming:

> Scoping study released 3rd week in October

> CPR to be released in October

> ON publishing CPR REE get to 51% ownership

> October start the Pre-feasibility study

in a word....momentum.

Hi DrJJ

here's the podcast, best go direct to the source rather than rely on BB perceptions: https://zakstraderscafe.com/interview-greg-martyr-executive-chairman-capital-metals/7884/

Agreed I think apart from the pension fund CHV has sold everything in UK

Sept 18th closed 1.07p 4 weeks later it closes 4.15p .... hardly being held back!

Hi DrJJ

Good to see you again - yes life left yet in CMET, fingers crossed r u still in?

I know you're in TGR - I looked for a long time and location on a wild coastline put me off.

There's a lot going for BRES, but ofc as soon as I bgt in (after following for months) the ruddy SP is declining - hopefully only ST. I didn't anticipate selling in the short term anyway - so I'll add more the longer it remains below 5p. I think the whole sector is a little off today - feels like one of those Mondays.

I think I saw a post on X saying he'd landed in Japan.

Found this website: https://www.scrapmonster.com/metal-prices/minor-metals/ilmenite/700 where it gives current spot prices - of course the price in the offtake agreement is going to be some calculation/discount around these, so it all depends on that formula over the life of the supply agreement.

One thing with Ilmenite: the spot price when CMET published their Presentation was $380 mt. So it's not quite as rosy. But they used the base case of $230 - not totally sure why.

Clearly once everything returns to normal CMET need to update all their figures reflecting all the changes.

Https://audioboom.com/posts/8384611-sunday-roast-featuring-colin-bird-executive-chairman-of-xtract-resources-and-shaun-day-ceo-of-g

At about 1:14mins in

I was curious about how product prices have altered since the last CMET presentation (I'm using base case as most analysts would).

I'm referencing CMET presentation as at Q4 2022 slide 12 here: https://capitalmetals.com/our-investor-relations/presentations/

And lifting the most recent numbers from Kenmare's report in Aug 2023, slide 9 here: https://www.kenmareresources.com/application/files/7716/9208/5244/2023-08-15_KMR_H1_2023_Results_Presentation.pdf

I love Kenmare, brilliant mineral sands company, 7% yield and resources in excess of 100yrs , but mainly ilmenite.

So CMET last used in 2022 the following base case prices:

Ilmenite: $231 mt

Rutile: $1,617 mt

Zircon: $1,777 mt

Garnet: $245 mt

Looking at Kenmare's report in Aug '23, approx values AVG H1 '23 prices

Ilmenite: $320 mt

Zircon: $1,600 mt

For CMET Ilmenite & Rutile represent approx 38% of the jorc resource so this will have have the biggest benefit, whereas Zircon only represents approx 5%.

If anyone has any more up to date product market prices please post.

Seno I too would be happy, very happy, we just disagree on timing as all...

The are no deramps, rather realistic commentary from investors that have been here quite a while, know the company and the history of the last few years.

The oft raised point on warrants is largely irrelevant, they will either expire, be extended and perhaps issued anew after expiration.

THERE ARE many issues that need to be resolved once the licenses have been reinstated and it feels as though the market is already pricing in their return so how anyone can project the SP rising to 20p, double what is what when they were suspended, beggars belief!

The business case here is as strong as it ever was but patience is required.

I'm 'sure' everyone here knows what CMET will be actually mining and its uses in the market, eh-hem...

I was interested to read Kenmare's update on the titanium market, which they delivered with their Q3 report:

"Market update

Demand for titanium feedstocks and zircon softened in Q3, reflecting weaker global economic activity, and consequently Kenmare achieved lower average prices compared to the previous quarter. Despite the current headwinds, the Company believes the medium- and long-term fundamentals for all of its products remain strong.

Pigment production in China, one of Kenmare’s key markets, continues at high levels supported by new capacity. Pigment exports from China are at record levels and competing aggressively in the global market, with major producers outside of China lowering utilisations and closing selected plants in response.

Feedstock supply has remained flat during the year. Ilmenite concentrates entering China remain the largest source of new supply offsetting supply disruptions at several large operations outside China, which are continuing in Q4 2023. This is coupled with major producers reducing their supply to the market, reflecting the weaker demand.

Demand for high-quality ilmenite has been more resilient than other titanium feedstocks, benefiting from the strong pigment production in China and the thriving titanium metal market, supporting relatively stable demand for Kenmare’s ilmenite products."

Guessing Stock price is just a game - too many variables, not least of which market sentiment.

But Like you Airborne, and probably given our shared history here, I'm thinking if we managed to regain anything close to 10p I'd be pretty happy. I don't see real value being unlocked until:

1. Offtake finally signed;

2. Plans for port reopening announced with timetable and financing

3. START of construction - not another possible date for construction

4. Not to mention we need to expand the resource - most of his LTHs realise this is currently quite a small resource, it needs to be expanded to be comparable to other Mineral Sands miners.

only then would I even think anything north of 20p is possible.