Member Info for steven49

With much news flow t come over coming months not many investors will want t surrender there shares

patience, will come back up,profit taking mayb after recent rises,really need some update

Double figures i feel easily short term as long as news flow positive looks like gold will climb more and outlook 4 nickel is positive AGM this month

Long and strong.feel theres not not much stock left

Gas and oil prices both up

Even at todays share price of 1.5p only has a value of 26 million pounds

Nickel up again.highest its been in 3 weeks.all bodes eell 4 the smelter

Massive upside over coming months if news flow is positive.

The funding will b the game changer regarding share price

Gold prices moving back up all bodes well 4 omi

Notice any dips r bought into quick.next move up i feel.nickel gold all higher

Great piece by GN recently on this company

The Trojan mine will supply about 55% of the smelter's capacity of 150,000t of nickel concentrate per annum. The Group is in discussions with several third-party tolling customers regarding opportunities to acquire additional concentrate and is reasonably confident about negotiations to date.

The smelter’s refurbishment and modification project is ongoing. While the Smelter Restart Project is progressing well, the Board is conducting studies on the feasibility of converting the Smelter to a plant that will process Platinum Group Metals (PGMs). The capital requirement for this project remains at $26.5 million. As reported before, US$20 million was raised for the project through a secured bond (the Bond). The balance of funding required of approximately US$6.5m is expected to come from cash generated from operations and other external sources. The Company’s other nickel assets i.e. the refinery and Shangani Mine remain under care and maintenance.

I'm sure this 20 million bond with some big institutions backing this will not let this smelter fail,as long as nickel keeps its strength and the out look 4 nickel prices appears good, Consider what the capex would have been to build one now

This is under disscusion. As stated in results

Past that 80p barrier. Upward trend forming leading up to company update.

Trojan supplies 55% of the concentrate - the rest from third party mines

Freda Rebecca Mine: � JORC compliant indicated and inferred resource – 1.7M ounces of gold at a grade of 2.42 g/t �Single Largest Gold producing mine in the country � Gold is the biggest source of company revenue and profit at moment �achieved c68,000 ounces in last financial year. New annual production, revised UP “ Excess of 70,000 ounces ” �All in sustaining costs (AISC) have reduce significantly to the targeted $950 � $1,000/oz.� � That’s approx $300/oz margin at today’s prices which is an operating margin (not at group level) of $5M+ each quarter � Milling capacity is to be substantially increased in August or September with the commissioning of two additional gold mills. Net impact: an extra 0.6m/t per annum capacity which will result in an improved cost & output consistency coupled to the company aiming to increasing production towards 100,000oz p/a

The production target for the new financial year is, � increase nickel production by 2,000 tonnes to 8,5000 tonnes p/a � with a reducing cost base and increasing commodity price �Target for All In Sustaining Costs is between $5-6,000 a tonne -Trojan is one of the few nickel mine operations that has a combination of higher-grade massives and lower-grade ore giving the company more flexibility in how it mines which is critical at times of low nickel prices Off-take agreement with Glencore pays 65% of nickel price (this dramatically increases when smelter re-starts later this financial year) The re-deepening project being undertaken will give access to the ore body where grades are consistent or higher than those at the previous mining levels