Member Info for tomcat-14

For sure… someone doesn’t want us to… hence the huge and unexplainable disparity between amapa’s inherent value and our sp…

No… i think it’s clear he says it in this one… so dfs funded from the debt financing… once licenses are granted…

From the 🐴… re: dfs and project commencement…

https://youtu.be/gEswmiGsVUA?feature=shared …

Yes… otherwise reporting by end 2024 was always way out too…

7 x 13 = 91 + 17sep = 17dec - 1 = 16dec…

that’s tomorrow 🫣…

Jimb… do you have the interview where kiran noted the order of costs you’d be looking at if you were to build something like amapa from scratch… greenfield… mine railway and port…

Do sema shut down for 2weeks 🎅🏻holidays…

by the end of 2024 is next friday if they do…

if they don’t it’s just 5 days more… and two of those are eve’s…

80% debt financing = 20% equity x $400m (capex + dfs) = $80m / $320m = 25% dilution…

$80m + $320m = $400m project level valuation…

34.6% / 125% = 27.68% x $400m = $110m kdnc…

and if we do get to stay the course… that would be 27.68% of the un-discounted values…

npv $1,977bn… $9bn net revenue… $4.964bn net profit… $4.696bn fcf… $347m av fcf/yr lom…

as said… either way is suits me…

14months dd… should be more or less done by now… 😉

https://www.lse.co.uk/rns/KDNC/strategic-development-and-financing-b3emdmzwcgoalyu.html …

We don’t…

pfs $1.977bn - 84.2% discount = $312m… (trade sale - no dfs)…

dfs** $1.977bn - 55% discount = $890m… (jv)…

the premium far outweighs the 5% or so dilution to fund a dfs…

Lol 😵‍💫. com…

that’s what they said in the rns’…

If and when that comes… the mm’s will just correct the sp to = offer value before the market opens… might even get treated to a suspension… depending on circumstances leading up to the announcement…

And all royalties are included in table 6 of the $2bn npv10 pfs… so it doesn’t matter whether they do or they don’t… it could very well be part of the deal that we have to mine their concessions for iron ore… and could very well be retrospective in regards to the gold on ours and / or their concessions…

https://www.lse.co.uk/rns/KDNC/updated-pfs-economic-study-delivers-increased-npv-1ck3uerdxou8848.html …

10dec 15:54 1,250,000 £31.25k…

High 3.45…

up 32%…

close 3.30…

2-weeks ‘till 🎅🏻…

06dec 14:42 1,000,000 £26.00k…

06dec 16:19 1,500,000 £37.88k…

$2bn npv10… 56% irr… 15yr lom… 3yr payback…

5.5mtpa… $33.8/t fob… $61.9/t cfr…

$9bn net revenue… $4.964bn net profit… $4.696bn fcf…

all at a $120/dmt base price… (?what %fe is that for?)…

25% increase in ore price = 50% increase in npv… (i.e. $150/dmt = $3bn npv10)…

What’s changed is exactly what they reported in the interims bannor… trade sale or a joint venture with a highly experienced mining operator… either way suits me…

dfs value increases nearly three fold…

🦆 🦆 🦆…

03dec 08:04 500,000 £13.98k…

03dec 16:35 3,500,000 £91.07k…

05dec 16:38 1,300,000 £32.83k…