Celsius Resources Share Discussion Threads

[the count of monte_cristo] 14/4/2024 11:22

Sagay interview.

[the count of monte_cristo] 13/4/2024 03:57

Yep, that answers the cash position issue. Obviously would have been nice to have it at a premium. I'll continue to add on.the dips.

[gkace] 12/4/2024 16:38

0.6p placing

[the count of monte_cristo] 12/4/2024 16:13

The small buy showing is mine, paid 0.77p

[the count of monte_cristo] 12/4/2024 09:43

The increasing copper and gold prices strengthens the companies hand, they have two very large long life assets. One of which is a near term producer, I see this going to 100m market cap on a good run.

[the count of monte_cristo] 10/4/2024 16:27

SVM tried to takeout CLA last year, they still hold a 12% stake or something.

[sithuk] 10/4/2024 15:46

Will do, thank you.

[the count of monte_cristo] 10/4/2024 15:01

Hello mate,

Good question, not sure to be honest. They have multiple interested parties lookinv at the MCB project and funding, at 250 odd US dollars it is manageable enough. The world needs these smaller copper porphyries to come online so although the market is ignoring CLA I don't think it can continue to do so.

I bought more today. Havs a listen to the last few updates.

[sithuk] 10/4/2024 14:11

Hello Count, the recent accounts show cash of around $2m at end of 2023 with a burn rate of around $2m a year. Has the board identified where the cash is to come from for ongoing operational costs? Or where the cash is to come from to develop its lead project?

[the count of monte_cristo] 10/4/2024 13:55

My stalker even found me here, what a saddo following me around marking my posts down. Embarrasingly sad life😅㊃5;

[the count of monte_cristo] 08/4/2024 16:12

The other sell showing is actually a buy and it is my buy.

[the count of monte_cristo] 08/4/2024 12:10

Added over 200k

[the count of monte_cristo] 04/4/2024 09:47

An hidden gem here, people are going to wake up to this one sooner or later.

[the count of monte_cristo] 03/4/2024 10:31

Added 100k

[the count of monte_cristo] 18/3/2024 06:11

Mar 18, 2024 #ProactiveInvestors #CelsiusResources #ASX
In what is perhaps the company’s biggest milestone to date, Celsius Resources Ltd (ASX:CLA) managing director Peter Hume sits down with Proactive’s Jonathan Jackson to discuss the importance of its Philippine subsidiary, Makilala Mining Company, Inc. (MMCI), being granted a Mineral Production Sharing Agreement (MPSA) for the Maalinao-Caigutan-Biyog Mining Project (MCB).

Issued by the Philippine Department of Environment and Natural Resources on March 14, 2024, this permit is valid for 25 years and renewable for another 25 and represents a pivotal step for Celsius in transitioning from an exploration entity to a mineral resource developer and future mine operator.

The MPSA, the first copper project approval in the Philippines in the last 15 years, endows MMCI with exclusive rights for the exploration, development, and production of copper and associated minerals within the 2,500-hectare contract area. This development catalyses the MCB project's progression towards operational status.

Hume lauded the achievement as a testament to the diligence of the in-country team and a critical juncture in the company’s evolution. Granting of the permit is expected to stimulate financial investments, with Celsius already engaging with potential backers. With the permit secured, Celsius is set to finalise funding mechanisms, advancing the MCB project into its next developmental phase.

[the count of monte_cristo] 18/3/2024 05:23

Total Issued Capital 2,246,051,662

Market cap at 0.75p = 16.8m GBP (not the 44m detailed in the header, ADVFN's calcs are incorrect!)

I have capitalised the key words below, 'SEVERAL INVESTORS':) These copper porphyries are massive money makers, just throwing off cash for decades.



While waiting for the issuance of a mining permit, ground activities were kept to a minimum while preparing for the pre-development phase. Included in the preparation is the signing of a Memorandum of Agreement ("MOA") with the Provincial Government Unit of Kalinga to jointly develop the road alignment for the MCB Project's access from mine site to port[2]. The Company has SEVERAL INVESTORS ready to commit the required FUNDING to develop the MCB Project ONCE the mining permit has been secured.

[the count of monte_cristo] 18/3/2024 00:54

The market has responded enthusiastically, sending CLA shares climbing as much as 53.85% in the first hour of ASX trading to A$0.02.

This permit grants CLA exclusive rights to undertake exploration, development and commercial production of copper and associated minerals at MCB for the next 25 years, with an option to renew for a further 25.

It marks the first copper project to be approved in the Philippines in 15 years, opening the path to mine development at the MCB Copper-Gold Project in northern Luzon.

[the count of monte_cristo] 18/3/2024 00:07

Well, as suspected they have got the mining permit, the first for many, many years and signals a positive change by the government. Currently up 23% on the ASX.

This was the best part of the announcement IMO.

"Over the last eighteen months, the Company has been interfacing with potential investors who have shown resounding interest in the MCB Project but have been also waiting for the issuance of the mining permit. With this now in hand, the Company will proceed with finalising funding options for the Project. "

Who wants to secure this asset? Step right up!

[the count of monte_cristo] 16/3/2024 07:36

Sourced from the Hotcopper board;

None of this constitutes financial advice so please DYOR.

I have run some numbers on MCB that some of you may be interested in.

This is largely based on the GCS spreadsheet in the back of their report from when CLA was purchasing Makilala that I've recreated as a calculator of NPV. I am not a mining engineer and I don't work in the Philippines so it uses most of the assumptions from the original GCS spreadsheet except I have changed the mine throughput to 2.28Mt/annum, included 2.5% pa inflation on the price of copper and gold (GCS only applied it to costs), and extended the mine life to 21 years.

Gold and copper head grades in line with the values used in the MCB Scoping Study (0.54g/t Au and 1.14% Cu). It may be a stretch for them to hit those grades over 21 years but considering the announcement from 4th July 2022 they hit 611.4m @ 1.39% Cu and 0.75g/t Au it seems a reasonable assumption.

Cu price = USD8,968/t
Gold price = USD2,150/oz
USD/AUD = 0.67

Over 21 years (all values in AUD)

Mine Revenue = $11B
Royalties = $1.2B
Mine Net Revenue = $9.8B
Mine CAPEX = $400M
Mine OPEX = $2.5B

NPV@8% = $1.4B
NPV@10% = $1.05B
NPV@12% =$820M
IRR = 42%

Assuming 2.24B SOI this gives a share price range of 36.6c to 62.5c for MCB only if finance is sorted and the mine is in production. Further upside potential for Sagay.

Once the MPSA and funding are sorted we could potentially expect 20% of this value to be realised so 7.2c to 12.5c

Prior to funding but with the MPSA signed 10% of NPV range or 3.7c to 6.3c could be possible.

Upcoming price catalysts are;

- Award of the MPSA for MCB
- Announcement of finance for MCB
- DFS and FID for MCB
- Scoping Study for Sagay
- PFS and MPSA for Sagay
- DFS and FID for Sagay
- Sale of Opuwo?

Likely some incorrect assumptions on development and operations costs and the Cu and Au prices are quite high so please DYOR and IMO only.

A big shout out to Peter and Sarge and the rest of the team at CLA that have made some truly amazing progress with the MCB project in the Philippines over the last 12 months.

[the count of monte_cristo] 15/3/2024 15:48

Can't buy in any volume, can you:))

[the count of monte_cristo] 15/3/2024 11:34

The 150k buy is mine.