Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
AISC and transport costs just too high here. Shouldn't be needing to worry about metcoal at $275 a tonne imo.
Anythings possible. Still see these as a mini PANR myself. loads of inground resources just operational difficulties with the drill preventing them producing from them.
Hoping WR-B01Za Test Results when they hit will be more positive than the market seems to be expecting.
That'd be a good start towards a more reasonable valuation imo.
Europe wants to introduce the selfsame law the foreign media co's started demonstrations over in Georgia..
Agenda.ge, 21 Mar 2023 - 17:49, Tbilisi,Georgia
Mamuka Mdinaradze, the Executive Secretary of the ruling Georgian Dream party, on Tuesday said the call by the European People's Party, the largest party in Europe, for the creation of a European equivalent to the United States Foreign Agents Registration Act, was an “evidence” of a “hoax of the century” in Georgia, in reference to public protests against a similar bill that led to its withdrawal by the ruling party on March 9.
Mdinaradze drew a contrast between the bill that had been branded a “Russian law” by the domestic opposition and civil sector in their protest, and the acceptance of a similar “American law” “in Europe, Canada, Australia, Great Britain and Israel”.
Any of us - any citizen, politician, journalist - should think about how it happened that the same law is American everywhere, [and] only in Georgia it was branded as ‘Russian’. That is, it was the hoax of the century, in which, unfortunately, many honest Georgian citizens got involved, and maybe many of them sincerely protested”, the GD official said.
Manfred Weber, the Chair of the EPP Group in the European Parliament, Monika Hohlmeier, the Chair of the European Parliament's Committee on Budgetary Control and Petri Sarvamaa, the EPP Group Spokesperson on Budgetary Control, on Monday released a letter calling for the creation of a European equivalent to the US Foreign Agents Registration Act.
The letter said “we need politicians and lobbyists from third countries to register and reveal how they approach EU lawmakers”.
https://agenda.ge/en/news/2023/1160
I heard from the BBC the Russians destabilized the wellbore. All part of their cunning plan.
When they said it was bad weather they weren't joking.
https://electroverse.info/america-breaks-hundreds-of-low-temperature-records-european-frosts-coronal-hole/
Yes bullish as I am I wouldn't advise friends and family to buy in until the washplant complete RNS is issued.
Well ok maybe family but definitely not friends.
No it doesn't. It was a meaningless term you hoped to drop in and get accepted un noticed wasn't it?
"Following a detailed recent review of the composition and quality of the coking coal at Lubu, AtoZ has entered into an agreement to purchase 10,000 tonnes per month of washed coking coal produced at Lubu, at the prevailing MMCZ market price, currently US$120 per tonne. The MMCZ market price is a minimum price prescribed by the Minerals Marketing Corporation of Zimbabwe (MMCZ).
AtoZ has agreed to take delivery of the washed coking coal at the mine gate and handle all subsequent logistics and marketing, thereby removing associated marketing and transport costs for Contango.
At prevailing market prices Contango would expect to benefit from margins of circa US$70-80 per tonne for its washed coal production under this contract, giving potential to generate up to US$10 million
Fairly good deal they have imo. No?
What does the below statement mean? They have an offtake agreement but Offtake repayments? Is there even any such thing?
Carpking
"There’s no doubt we are heading to production, but 10k p/m is off take repayments. "
Some good news with the oil price tumbling though. Given that miners are always energy intensive their AISC must be coming down quite a bit with US oil at $66. Hopefully the cost/T for the trains too.
123m shares doesn't sound a lot. Surprised the stocks still this low given such low liquidity and expectations of decent results after the trading statement?
Noted full year was out April last year take it peeps expecting the same this year?
Thats not a bad position to be in esp as in the last fortnight their fuel costs have dropped 15% How long is the price fixed for?
Saw that too but also seen brents collapsed quite a bit.$73 -$74 now. Being a miner they're going to be energy intensive also a large part of their transport costs will be fuel related so are they better off or worse in these conditions?
Didn't state that. Stated first all are happy. Glad of that one.
They stated that some are in tents until their house are built, either in ones provided by CGO or with friends and family. Some are still on the site and will be in danger of pollution once ops start and until they're relocated but does seem to indicate it will start anyway.
Think the key word is "relocation" ie tent city til the homes are built, that's what I got anyway that and everyone's chuffed not least because it means their children will have work.
So you should be.
Your answer below is inaccurate K3. Adam was talking specifically about the $30/T broker fee when he made the comment you posted. The spurious 50-100 comment came later and was unrelated.
“ The only "guesswork" was Adams "closer to 100 than 50" figure. It was spurious and based on nothing in particular.
Suggest you listen to the podcast yourself k3vmc then comment further.”
"No it wasn’t spurious. He said he wasn’t going to give an exact figure, because he would be telling the market at what price he was selling coal."
Not actually got a lot of respect for your views at the mo K3,
Adam gave us this lot when he was specifically asked for no.a and you called it "my guesswork"
“ Heard Adam say that too but with met at $290 and taking off the $30 for BEN selling short tonnes and a further $30 for broker fees then with $115-$125 AISC and $50-$60 train costs that's not even close to the maths?
I have $65 margin using the $115 and $50 figures and $45 margin using $125 and $60?”
I haven't seen any no's in previous podcasts just read investor complaints they didn't know costs as voiced by the roast crew last night but useful info anyway thanks Erik.
Did go to the cpr and currently reading.
Would the 5% royalty on sales revenue be in aisc or should we consider that separately? May need an email for that one as it would be another $15/T if not?
"Ben’s Creek will pay royalties for the various current and projected operations. The royalty rates vary
by mining method and location. The royalty rates for Ben’s Creek are 5.0% of the sales revenue, plus
an additional $2.00 per ton override to Investec. This production royalty rate is reasonable and is in
line with typical royalty rates in Central Appalachia."
They're Adams nos not mine, given during the podcast specifically so we can work out costs for ourselves.
The only "guesswork" was Adams "closer to 100 than 50" figure. It was spurious and based on nothing in particular.
Suggest you listen to the podcast yourself k3vmc then comment further.
RE: RNS tomorrow ?Today 11:12
pawnsacrifice
“ Heard Adam say that too but with met at $290 and taking off the $30 for BEN selling short tonnes and a further $30 for broker fees then with $115-$125 AISC and $50-$60 train costs that's not even close to the maths?
I have $65 margin using the $115 and $50 figures and $45 margin using $125 and $60?”
So, should we be using your guesswork figures, or the known figures from Adam?
Just curious.
Heard Adam say that too but with met at $290 and taking off the $30 for BEN selling short tonnes and a further $30 for broker fees then with $115-$125 AISC and $50-$60 train costs that's not even close to the maths?
I have $65 margin using the $115 and $50 figures and $45 margin using $125 and $60?
AISC in the range of $115-$125/T is quite acceptable. Looks like we get our cash cow after all.