Member Info for Thetinner

I don't really see it as one v the other, if the forecasts are even in the right direction of travel but vastly overstating the demand increase, the Western World is going to need South West Tin and Tungsten.

It is possible that we see two hubs, one in the West and one in the East, with other operations feeding them.

If enough mass is created you can look at a smelter in the middle of Cornwall around the Indian Queens area where there is lots of available power.

Well, I guess we'll find out

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Yep, just seen this mornings Hannam and partners note, they are giving just shy of 20p

Thanks I completely missed that grade

Thats the original process designr from 2022

Just checked back our target tantalum grade is 24%, so it should be around 60k usd per tonne of concentrate

The current price on a 30% concentrate is 75usd per kilo , so if it is a 10% conc, thats 1.5 million dollars for 54 tonnes.

I guess what im getting at is did we sell all that was produced?

I'm trying to make head orctail of the tantalum - the price of which is assumed 175000 dollars per tonne (although its now around 300,000), with 51 tonnes of concentrate produced, why has it only contributed 500k?

Yep I mean q1 Jig plants are incredibly simple, what they aren't great at is recovering fine tin, so the performance is going to depend on the mineralogy.

To recover the fine tin you're looking at something like MGS or tin flotation (not simple) but there is room for improvement there - the problem being tonnage throughput is fairly high due to the Uis grade being low, meaning a large plant.

But if they get close to this plant design performance, it makes purchasing Goatebng a no brainer.

There is now an easy route for this to climb to 10p , with sentiment it could push 20p.

The q2 AISC was 29000usd/t, so lts assume that stays static , along with production from the the existing plant - the q3 tin realised price is likely to be 1000usd higher.

So thats 238t with 4000 usd total profit per tonne. So thats 962k profit for the quarter - not much to write home about, but profit all the same essentially 4milliin usd per year.

The Jig Plant has a throughput of 40,000t per month - apparently that is going to be made up of imported ore at 1.5% (20,000t) and uis ore at approx 0.22% (20,000t) with a 70% recovery

That is an additional241t of contained tin per month or 923t per quarter.

Assuming AISC stays the same that is an additional 3.7m usd per quarter or 14.8m usd per year, now a total of 18.8 million usd per year net profit.

In reality the AISC will fall considerably - i would anticipate a minimum of 30%, so we are now looking at an aisc of 21,000usd/tonne. So thats 1261t at 13 000usd net profit - 16m usd per quarter profit. 64million per year.

The question then is what is the likely price to earnings ratio? Its likely to be between 10 and 20, which would see a market cap of between £500 million and £1 billion.