Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Is it just me shaking their head at people selling up after only one proper attempt lol we have plenty more drill sites to have a go at and who tf cares if they raise and raise again we might not get that £1/£2 SP but you'll still see very good returns..
The two weeks post reaching TD includes wireline logging et al, the result of this will be whether we have a discovery or not. The lab results, I've been told, will take 4-8 weeks and will be used as part of Competent Persons Report
@Dobbyy this is what I keep reminding people of. Dilution has grown, sure, but so has the potential reward. I do hope a re-rate comes in if we get a discovery, circa 20p on discovery after the '21 drill would be rather underwhelming in a way
A member of the Telegram group has a contact at the site and has found out it's the gearbox. And I'd imagine the gearbox is to provide the torque multiplication from circa 2000Nm to 15,000Nm or something possibly like that
Lorna said 2 weeks so don't be getting your hopes up that it's already fixed. I do really hope it is sooner than 2 weeks but also don't be surprised if it's longer. As a mechanic I know all about ordering parts, some can be next day for one vehicle and the same component for another can be 3 months. Depends on how good the logistics are, sorting out transport for such a big item, getting custom paperwork sorted, waiting for it to clear customs etc. It's not as straightforward as you would assume. But yes, I too expect an RNS saying they've started again as that'll be market sensitive imo
Oh yes of course!!
This one: https://www.youtube.com/watch?v=KfayW5F4cSQ&ab_channel=VICE at 9:30
I still watch the 3 parts every so often, really enjoyable watch haha hopefully the rigs moving our equipment are in better shape haha
Wyn's right, the whales won't give a toss how cheap the SP is now versus the possible SP it'll be upon a discovery. They care about low-risk, solid returns. Wait until a discovery is made and an enormous amount of risk is taken away and yet the SP is 'still' only 20/30/40p. Still very cheap compared to what it could be in a few years time, still plenty of time and room to make 5x and possibly a lot more but now with far less risk and they would still profit more than what we will!
I forgot their name but someone recently crunched the numbers in the Telegram group but to keep it short:
Selling 350 MCF of helium per year at $500 (current price is around $450 per MCF) per MCF with:
a P/E ratio of
10: 97c
15: $1.46
20: $1.94
That seems pretty low and doesn't really match up with H&P reports of potential future share prices.
However, if we sold 1 BCF at $500 per MCF with:
a P/E ratio of
10: $3.70
15: $5.55
20: $7.40
Just gives you an idea that's all, too many variables to give anything accurate but we should see well over £1 from Tai, Itumbula, Kasuku and Mbuni once they're all drilled, appraised and classified as discoveries