Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry for any confusuon caused by my earlier posts. Genuinely thought that was our mine on Bens Creek Rd. Seems I was wrong and we are the one on Alum Creek. Will be quietly waiting for the rns now. ??
The mod on the facebook page seems to think this is not the correct mine. However it's Ben's Creek Rd and my understanding is we are the only mine with a rail spur in the area.
I've counted about 110 containers, snakes for miles out of the mine.
In case the link doesn't work I've added it to the Facebook page.
https://www.********************430079908819706/permalink/527443332416696/
Just been on Google earth and there is a train being loaded I **** you not! I have a screenshot but don't know how to attach here!!! Mega excited!!!
https://megahighwallmining.com/sales
Seems to be one for sale if anyone's interested.
Someone knows the train schedule! ;)
8 more trading days till the boat sails. There will be trains on 3 of those. Patience.
For what its worth here is my take on current valuation assuming the trains do come in next week:
CURRENT PRODUCTION 480K tonnes
CURRENT MARGIN $250 estimate at $450 selling price
Strong market for coal which I would not expect to change massively in next 3 years. Any longer than this and you would need to use much more conservative margins. Remember BC was mothballed in the past due to lower coal prices.
VERY CONSERVATIVE MULTIPLE 480K X $250 X 3 = $360M / £288M
Bang in line with present market cap.
If you are more bullish you could add a longer term multiple for years 4-12 but using a much lower margin say:
480K x $50 x 9 = $216M / £173M
So a share price range of 80p to £1.28.
If we can double production in Q3 then I would expect the share price to double to c £1.60 - £2.56.
BBB I think that comment from Adam was some time ago before its taken so long to get permits on 2nd HWM. Latest comments are 2nd shift on HWM1 in next month and HWM2 in 6-7 weeks when permits come through.
https://audioboom.com/posts/8067964-the-sunday-roast-featuring-sapan-ghai-cco-of-sovereign-metals-aim-svml
Discussion starts at 44 mins
Cap you are correct the rail spur and also the wash plant have both taken longer than anticipated to remediate. But otherwise Adam has delivered ahead of schedule on production, first coal out, 2nd HWM and acquisitions so overall we shareholders have to be content about what has been delivered and very excited about what is to come.
That's an additional 10 million dollars profit per annum with the two HWM's on double shift. Let that sink in...
A nice recovery this afternoon taking us into the Easter weekend. Hopefully we have a Sunday Roast to look forward to with more details on the near term news:
Rail sign off
Delivery details for April
When additional 3 shifts will commence
More on the deep drilling
Proving up of resources for the new land
Have a nice weekend all BEN shareholder's.
Buyers returning in the last hour. Profit taking looks done and this should be a blue afternoon.
Happy days Iceman.
Pump and dump predictable. Hope people not losing good money after bad.