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Gargar
That type of basic calculation has also been part of my rational for the dream of a Mega, Mega offer scenario.
They are currently forecasting a 40MOz PGM potential, but what is the likelihood of adding to this massive number by carrying out deep drilling maybe a few years down the line?
Does anyone have any ideas on the potential depth they could keep finding these baskets of Commodities? After all if the deep mines in South Africa are economical then do we have this type of added potential.
That is one aspect of the story that I have not read much about.
There have been many informative posts regarding sale price and how it was worked out.
However, with the Stimulus programmes ongoing and Mining executives generally speaking being bullish on all commodities.
My question is: There are several potential bidders that will be expecting inflation, then how crazy can the bidding get?
I am sure these companies will be desperate to hold assets and not cash.
So what is the dream bid that is still realistic but naturally less likely.
Based on all I've researched I am now confidently expecting >$1 Billion and now believe greater than $10 Billion offer is not beyond the realms of possibility.
Just for a little qualification. I point to the fact that 1 Million Oz/yr. PGM is the new target as opposed to the previous 125K (before Flanks etc.)
My prediction is now $4 Billion for the complete sale.
GLA.
Another one for the shorts?
https://www.youtube.com/watch?v=92cwKCU8Z5c
Lots to like about this company, IMO.
The Royalty concept has been great in Canada for Mining, and this is already generating long term cashflow based on revenues which seems to be a smart way to benefit.
Companies that Duke invests in are well established and good at what they do. I look forward to further diversification to defend against potential shocks. Duke has so far been very well funded by institutions to allow its rapid growth.
The increasing chunky dividend looks very sustainable with increasing profits expected.
I think the market is eventually going to re-rate this stock, but with a 6% dividend yield, this is not a real concern for now.
One of the best things about the Royalty model is that if there were tough times in the market then Overheads are much lower than typical companies due to the low amount of staff required for this type of venture.
If you look at the Royalty sector in Canada for Mining related ventures such as Franko Nevada and Wheaton Precious Metals as two of the very best, it shows the massive returns that can be accumulated by means of Royalty/Streaming over a period of many years.
There are many more successful Canadian (TSX) royalty companies at different stages which gives further validation.
Finally, I did once had a dog called Duke. I do not expect to have a 2nd dog called Duke.
GLA.
I think this statistic is telling (works for Gold as well).
First, one million-pound footballer was Trevor Francis in 1979, a year before Silver hit $50.
Then in 2016, Paul Pogba joins Man Utd for £89 Mil and silver was $14.
Looks like precious metals have a bit of a catch up to do!
POG looking very good now that POX technology is adding great value to the high graded refractory ore and interestingly the new Russian shareholder Uzhuralzoloto Group of Companies has assets with refractory ore, so this could be mutually beneficial?
GLA
Hello All,
My dilemma was whether to buy Valore (great project: Pedra Branca ) or buy this stock and get the same project exposure plus something free (Pitombeiras: Vanadium, Titanium, and Iron) thrown in!
I've gone for Jangada and expect the market to pick up on the price discrepancy followed by a re-rate of this, under the radar stock, in what should be an exciting market for the very few Pd endowed stocks.
I also like Harvest Minerals and its story, of course totally different.
Wondering what the arguments are for buying this over Valore or vice versa? I suspect both shares will do very well.
Palladium right now!
Live Palladium Price for Insomniacs!
2,595.00 USD
Bid
2,745.00 USD
Ask
Maybe it's a good thing that a deal has not been finalized (at least publicly).
What will current Pd prices, as well as the other PGM basket do to the recent valuation?
55p-60p ACF valuation is already outdated, hopefully, this will concentrate a few minds in a bidding war?
GLA.
Spotify, I would recommend Peter Schiff YouTube videos, for an explanation.
He has been consistent for 20 years on Gold and one by one his predictions regarding Interest rates and QE from the Fed have been correct.
A very strong US Dollar right now when compared to other currencies, but yet ever-increasing debt and deficits.
So, when US Dollar finally weakens then I think that is the ultimate case for gold.
Shanta now looking excellent after years of hard work.
Looks like the race is finally about to start.
Great potential value to be had right now, and when we establish cashflow who knows where it can go over time.
Saudi also an extremely exciting prospect, drill results will hopefully keep interest high.
Discussions with multiple interested parties ongoing, JV looking most likely, New enthusiastic CEO, Metal markets showing sustained improvement, Under a penny looks good risk/reward considering the value of metals in-ground and further exploration potential always adds more!
The metal value dwarfs current Mcap, that I know.
So with multiple interested parties, I would expect a concrete plan could propel the share price back in the right direction.
How high can it go if we don't put a foot wrong, and has anyone worked out the current value of Metal we have in the ground?
It looks like a good company in the making, albeit after a long time!
Lots of projects starting to generate free cash, in increasing amounts.
Are we undervalued? I think so.
If PGM prices take off, then what could the Tjate project be valued at?
Targeted exploration 70 M oz PGMs over three farms
Tjate NPV of USD1.1 billion (2012)
Mining target of 2 400 000 tonnes per annum
PGM production target of 270 000 4E PGM oz per annum
Mining right executed 1 March 2017.
It looks like a company that has derisked, should not be dependant on further dilution and has an interesting world-class project for the next Bull market.
One question I have is, what % do JLP have with regards to Tjate?
The Rolling 5 year plan suggests that positive cash flow will be sustained. Hopefully, with this healthy cash flow, increased exploration budgets can improve on the production figures at the far end of the plan.
After all, there is plenty of time to incorporate new Oz's to the mining plan.
An offer for Cora Gold, while it is still a bargain? Any short term hit on the SP should not matter assuming there would be no need to raise cash by dilution of shareholders.
Lots of positives as far as I can see.
Maiden profit predicted, production facilities for >6x 50 t/pa already in place, Customers retained and increase orders up till now, Product natural and working well, Market on doorstep, very high-profit margin goes to the bottom line once production really takes off, No need for dilution £5 Mil cash, Resource life 100 years @ 320 t/pa, further expansions from cashflow in future at reasonable cost.
I know sentiment is low and there are some unknowns, but if the production does eventually get to Plant capacity then is this not a Multi-bagger candidate?
Also watched the recent Crux interview, and thought the story held up well, despite tough but fair questions from the interviewer.
I was just wondering, as we are waiting with our share suspended at 7.1p awaiting clarification of CITIC bank relationship.
What is the biggest % share rise anyone knows of when a company has started trading again.
I know some shares have gone up 100 fold (many examples exist) in the past, usually over a couple of years or more, however what is the most spectacular rise anyone has seen for a company that resumed trading after great news or a buyout?