focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Thanks for the reply. (Maybe I need to take it with a pinch of salt...)
Agree very destructive activity. Is it as binary as:-
A) COPL do have a major asset?
Or
B) COPL has nothing more than a difficult field to monetise?
Do your sources reveal if all of the monies promised by AV actually materialised. I am perplexed by the two recent destructive RNA.
โ JV stopped
โ Got no cash and we stopped injecting
"P.s. The wider market may not be aware at this stage but the JV partner had OIP figures under COPLs land at a much higher level than the Ryder Scott report confirmed"
Sounds interesting, and may explain the reasons for such a ruthless 'sabotage' on sentiment recently.
Both yourself and mal mention this mention this point this evening.
Can you shed anymore light into this ?
ยท Araguaia is a high grade, low cost, long life asset located south of the Carajas Mining District, north east Brazil. The feasibility study disclosed in the Araguaia Technical Report demonstrates robust economics with the Stage 1 process plant producing 14,000 tonnes of nickel per year and generating a Post-tax IRR of 28.1%; Post-tax NPV(8%) of US$740 million; a Payback Period of approximately 3 years; and Net Cashflow of US$2.582bn, based on a market consensus nickel price of US$16,800 per tonne (see the Araguaia Technical Report) and in each case based upon the various assumptions set out in the Araguaia Technical.
Spot price today is $16,012
https://markets.businessinsider.com/commodities/nickel-price
Would the simplest, and least dilutive solution, not be for the 100% off take partner "Glencore" to secure a lower than market price for a set number of years.
They could lend the monies to complete the mine, and then enjoy lower pricing when the mine is in production.
GLA
This is also my personal belief that Glencore will get slightly better prices when mine is in production in return for a loan to complete this massive mine. ($429M has already been spent on the project. It ain't stopping imho)
As you point out Glencore is our one and only customer who is more than happy to take all of the expected 29000 ton per year.
Let's see what transpires...
Stas, If he had an ounce of self respect, he would not be currently posting incessantly and rubbing investors the wrong way.
I think he enjoys it tbh.
Just a sad old man, with no friends (nor family to speak of) attention seeking.
Akin to arriving at a funeral, and then telling the bereaved family what a fool their loved one was.
Complete loner imho...