Member Info for Safaniya

Ecologist, I asked the question about the spoil some time ago and was told that the the extraction rights and responsibility on the historical spoil belongs with the extraction miner, I made the assumption that this was due to any liability that that may be associated with it. Obviously ATM could rework their own spoil piles if it were economically viable for them. I will look to see if I can find where the response to my question came from.

Yes must be literally heaps of lithium lying around from previous operations, my understanding is that ATM doesn’t have any rights to extract any minerals from the spoil that is already there. Not to worry when each scoop of the digger has fresh li at decent grades.

Agricore; Yes I was thinking of CuSN who are doing great things here in Cornwall, as I said I believe that they will do well over time. ATM cost of getting the lower grade ore to the refiners will always be cheaper due to open cast mine and geographic location of resource even without the byproducts.

Tin price up by 7% in Shanghai today as lockdowns expect to end, Shanghai’s government will formally lift the citywide lockdown on June 1, part of a “gradual” and “phased” process that will eventually return every aspect of work, life and business operations in China’s commercial hub to full normality by the end of the month.
Hopefully see some positive movements in the coming days

I was looking at another tin miner today and there market capitalisation was about 50% more than ATM, they aren’t in production and simply dewatering their assets will take time and money. The mine is deep underground hard rock mining and the labour force in the country are one of the worlds more expensive workforce’s. HSSE in the country will be very stringent as will the environment agency’s and the unions, while I wish them the very best of luck (one day I may even invest in them) I would be prepared to bet that ATM will/would for the foreseeable future be able to put TIN at the top of there mine shaft cheaper than they can. The values that are attached to the venture and the value that is attached to ATM doesn’t make sense to me, forget the Lithium and the Tantalum we are mining and making money from the world’s largest hard rock mine with works in progress to expand output by 60 percent and they aren’t.
This isn’t said to goad a former contributor to this board in to conversation I really do wish them all the very best but I’m sure the cost per tonne that ATM are actually achieving is the stuff of dreams for our Cousins.

Absolutely agree the ATM team are doing a first class job of keeping the news flowing and communicating it on all forms of media. I can’t see any reason why the shares are trading at the level they are presently and I would be totally disappointed to see ATM bought out or merged into another company without even having reached 10% of its potential. They are doing what they have said they will and they must be frustrated to see the market cap back below 100mil however. Value will come out in the share price eventually, please no more talk of takeovers.??

The news articles over the past day or Two have named some of the service and equipment providers that will be used in the expansion and ore sorting process. Our management seem pretty cutting edge (from my little knowledge on the subject) embracing latest technology that will save a lot of time as well as energy & water resources by removing other rock and soil from rock containing ore early in the process.
https://steinertglobal.com/mining/

Alwaysone: As far as I’m aware 100% of Afritins Uis deposit are hard rock.

Lovely process flow diagram supporting the RNS on the company site, brilliant news for the lithium and I’m also pleased to see that the Tantalum hasn’t been forgotten.

Chinese lock downs will have temporarily deferred the demand for tin and other metals. The manufacturers are not able to manufacture but that is temporary we hope.
To good an opportunity here and despite being massive overweight in my portfolio I bought more last week, I’m fairly confident that they will be seeking debt financing from the banks with a very attractive IRR and huge mine life based just on tin.

The price movement and 3rd party reports over the last week or so will have certainly made many investors look into the fundamentals of ATM, as we are now so close to the 100mil mcap is this going to bring small funds and institutional interest, in a recent interview AV seemed to think that it would.
As previous posters have said there remains massive of value in the share.

I,m a bit surprised that the share price doesn’t follow the Tin price more closely but, there is so much more to ATMs value than fluctuations in the tin price. Can’t believe that the shares have remained so cheap despite the tin trend the plant expansion the lithium resources and the management statements.

I joined the JAN telegram group because I hold the shares and another stock that I hold has a great telegram group board. I removed myself from the JAN group after a single day due to lots of messages and zero content a lot of speculation and judgment but few facts.
I do like this board and see some good comments about JAN on twitter, with an illiquid share with such a small market capitalisation it won’t take much to get the share price motoring North and happy to hold on for the journey.

Share your pain; only lost on paper at the moment but I don’t have the minerals to buy more or sell the ones I hold. Questions questions…

Way to cheap again; 31p of the share price is in cash and the platinum price is rising. Someone commented that SLP have traditionally gone down on positive news and that’s true but there must be some big buyers out there scratching over the numbers. Production and production costs are fairly foreseeable and demand for the product is likely to increase as catalytic converters aren’t going away for at least 15years. The value here is plain to see but the share is overlooked. Better then that they use the cash pot to buy back and cancel upto 15% of the shares?

Copper in Tin eh, Bronzing yourself?
Welcome and good luck.

Bunsen, They only achieved nameplate production last November, if you can name any other mining company that has made profits in this short period. With a 60% production/plant upgrade and the by products potential, Tin at or near all time highs ATM still cheap in my option and I’m here for the long run.

My money is here:
Company only been in existence for 4years, bought their plant and crushers 2.5yrs ago.
Profitable on mining operations already with expansion plans for 10x and funding in place.
Happy to hold.

Got to hand to the team they are doing an fantastic job.
Let’s hope to see some price action to match their results and the tin price.

It’s all positive news apart from a lower feed grade but variations in grade of ore are to be expected, the recovery rates were high and the plant handled the additional throughput. Stage1 ramp up proceeds with the ordering of long lead time items and more news to follow. The project team have been proven to get plant build and targets on point. Tin prices are close to all time highs with demand for the metal for the foreseeable. What’s not to love?