Member Info for pj70

Surprised with the copper price that Atalaya are where they are. I have been wondering whether the drop was also linked to issues with Touro permitting?

There is plenty of upside - the MRE and updates to this and potential offtake agreements

Looking positive again today but so is the general market after trump 2 week delay :-).

Lets hope as Fortuna has alluded too that April is the month when a few things come together.

Agree brilliant update

Https://announcements.asx.com.au/asxpdf/20090918/pdf/31ksnmxrlzythp.pdf

Thanks Chromo

Fortuna i hope you are right as it seems the potential for this when you see soverign metals in Malawi with rutile/graphite and not at DFS stage but with a market cap of £240m vs our £40m means we are so undervalued or not understood that any funding deal plus increase in JORC with beehive could see a serious re-rating and very quickly.

I was surprised when i put in the 1200m x 480m x only 30m depth into AI to see what tonnage for beehive it would be and got circa 46m tonnes at say 6% as a minimum is 2.76kt of graphite or another 18 years of graphite at 150kt a year.

We know we have a massive JORC resource that will only get bigger - the funding as to whether it is both phase1 and 2 together and whether there is a dilution attached are the big questions for me.

It was stated in the broker note in january that a decision on funding would be announced in Q1 so we cannot be far away from a RNS on the funding.

Thanks Alexei - lets hope we have had a good quarter and copper is holding up well at the moment.

Thanks Zangman

Quite a spread of Valuations currently and the two i have seen have attributed nothing for OC which sort of makes sense for now as very difficult to give a value to when alot of OC to become a mine will rely on Telfer infrastructure.

Thanks TT - is that the highest target with the oz brokers?

Hi - has anyone done the analysis of profit at each phase with the current operating costs/ per ton sales value with a PE number and the current number of shares to get valuations at each of the 5 phases?

The issue of holding Bezant now is the volume of further dilution and how many more billion shares does Colin plan to issue with the BOD. The funding company and consultants will be getting large chunks over the next 6-12 months and would not be surprised to see a further 5-8 billion shares issued to funding institution as they will want a chunk of the company alongside the funding.

Topped up myself today as £39m market cap for a multi billion dollar resource that is needed to batteries and the demand forecast as per below:

Graphite demand is forecast to surge by 140% to over 300% by 2030–2036, driven primarily by electric vehicle (EV) battery anodes, which are expected to constitute over 60% of consumption. The market is growing at a CAGR of 6.9% to 9%, facing a significant supply deficit that requires 30–40 new mines by 2030–2035.

Does anyone follow this stock ?? Very little interest it seems

I am surprised by the downturn in Atalaya considering copper price down less than 10%. Just wonder what will be the spark to re-ignite this stock?

Trumax you are spot on - not enough skin in the game.

Will be 25-30bn shares on issue once the funding deal is signed off

BeContrarian - your comment on the Tungsten and valuation for OC is one i was asked earlier today and to be honest like the analysts currently - i dont know how to value that deposit and two brokers have commented on the update but not added any value to it. So the for sale sign, JV or whatever the development opportunity that comes from it will probably be the catalyst for the analysts to pencil in a value at that stage for the OC deposit. If you think GMET is smaller and lower grade and is £500m market cap as a single play but i dont think any analyst was willing to put a 70p value for OC as yet!