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The key point is the mine should now reach development. 49% of a 25,000 tonne per annum copper cathode mine at today’s prices is over $100m revenue per annum for Asiamet.
That’s where the value is in this deal for shareholders
Wonder if seller is that Beetham guy? Can’t be that many around with 8 figure holdings
Whoever it is, hope they are done
Come on TM, time for a deal. Your shareholders deserve a medal for the patience they are having to show
25p?
Just enough to ramp up production
The money is there, the grades are there, let’s hope they can deliver.
It do think it is prudent to to plan for lower end of predictions, and then be pleasantly surprised if they exceed. Next twelve months will prove whether they can deliver or not.
So let’s say the company achieve a yield of 1.8%, which is still an improvement on current yields, rather than 2% which I fear is too optimistic.
480,000 x 1.8% = 8640 tonnes copper
Assume sale price of $8750 per tonne
8640 x 8750 = $75m = £55m revenue
All with a fair wind!
I think it will be a while before we see the very large revenues and market cap investors are hoping for, but hoping to be proven wrong.
With 1850t daily ore production, the figures come out at $103m or £75m annual revenue.
Can someone remind me where the company are trying to get production levels to? In kt per annum
Thanks
MB really needs to start declaring his strategy, if he has one. Comms need significant improvement, starting tomorrow.
I also wish some of these smaller companies would pony up and do interviews on Proactive Investors. These small bloggers don’t have a big enough audience to bring new money. False economy.
Wild speculation, but could the podcast this week be booked with a preceding announcement in mind?
MB certainly dragging his heels now with this offtake deal - he’s supposed to have been working on it for the last twelve months. Get it done FFS...
Hope there’s some sort of nickel price tracker in the offtake and equity deals they are doing, otherwise by the time the finish drafting they’ll have to start again due to the nickel price boom.
Is it me or are the BOD rather quiet about their financing strategy? Have they given any indication of how they intend to go about this and over what timescale - and I don’t just mean a vague statement on ‘equity/debt/offtake mix’. Company could do with improving its publicity and investor comms.
Great assay results. Now turn it in to cash, there’s the challenge.