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Savannah Res. Share Discussion Threads
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|Agreed but share price should pick up a bit before then on news and Oman nearing production in Q4.|
|18 will be sav's year|
|it was indeed a very good RNS, but apparently completely off the radar still
We just need some steady buying to avoid any future spikes on future RNS's|
|I thought it was good too, market seems indifferent at least for now, it'll give DA plenty to talk about at the conference later this week anyway.
Savannah's CEO, David Archer said: "The increased Mineral Resource for the Mutamba Project highlights its potential to be a significant producer of titanium feedstocks. In addition, this year we are seeing increasing prices for titanium feedstocks such as ilmenite and rutile, which means that it is an ideal time to be taking this project forward.
"The addition of a further 92Mt of high grade resource defined at Ravene, when combined with the other three major deposits at the Mutamba Project, means we are off to a great start in delivering on the Consortium's objective of defining an aggregate tonnage of high grade resources able to support an initial mining operation for at least 20 years."
|Savannah Resources CEO David Archer will be presenting to investors at the Mining Capital Conference on 30th March in London. For details and registration, please click here: https://tinyurl.com/klxr2ho|
|Bit of a drop off here over the past few days.|
|Hi Ged, have to confess I didn't even see the Moz update when I wrote my post, just saw the Oman one. Poor show on my part!
The Moz results do look very good to me, I think RIO always believed it was a world class resource but they had other things to do, hopefully we will unlock the value that seems to be there.
My disappointing comment was more around the Oman results where they didn't find significant deposits in I think 3 of the areas they surveyed.
The findings in the other areas should still make it a commercially beneficial resource though.
They are speeding ahead with the scoping study, that is very important to get the PFS and BFS done and get on with funding. The funding point will be where DA's credibility in the market should shine through....|
|DA discusses both resources, interview with Proactive:-
|The Salivation Army are on there way round.Good numbers from Moz, as had been expected. Haven't listened to DAs explanation of the Oman results as yet, have been in an M6 traffic jam at the important times of the day. Managed a quick read of the RNS, and must say that I had similar feelings to BW, at least at outset.Food and sleep along with a second, deeper read may open my eyes.|
|Good for you Mike. We'll be rooting for you!|
|RNSes received some coverage in the Penny Stock post this morning. Loading up at these levels.
|The great thing about BBs is that you can converse with others who have different oppinions. I will continue to look at in-ground valuations especially now after those figures from Ravene. I will take another look at them in the moonlight hours and perhaps return to La La Land.
I'm sure your juices will be flowing before the year is out. How fruitful do think they'll be?
Yes I saw the tweets and your comments. :)
BW - you tease. I'm sure you can expand on those comments.
On reflection I can understand your comments about Moz. Looking back at the results there seemed to more emphasis there.
I was beginning to wonder if there were problems in Oman or was Moz something special.
My initial look at the second announcement suggests the latter.
Have we all seen Figure 1?
Resource to date 3.5Bt at 3.8% which we already knew.
Exploration target 7-12Bt at 3-4.5% Isn't this new? Edit: No it's not - sorry about that
All the grades announced today are far in excess of 3.8% THM (This is new!)
Sorry IB but salivatory figures like those excite me! Help!|
|Looks good in certain aspects, others a little more disappointing.|
|Not in the lull before a rugby match but 3 months now in this trading range. I find it therapeutic to look at potential by doing some calculations whilst I am waiting but I do realise that figures are not for everyone. I was hoping for some discussion or corrections and that's why I posted.
Of course calculations can lead to a conclusion of overvalued as well as undervalued, which might be the case here if we exclude the potential and the quality of management.
I'm aware that I fall into the trap of having a rose tinted viewpoint when I invest in a company, so doing some figures when there's no newsflow is essential for me whilst others might just bury their head in the (mineral) sands.
I've found there is reason to comment whether it be charts, figures and fundamentals, potential, quality of management, political stability, weather, price of commodities or just the share price
I agree with your last paragraph and of course we need more information to value the company but in the meatime let's work with what we have.
From the Decemer presentation page 6, although it clearly states there is uncertainty the figures will be reached, it does state the high end of the exploration target is 29 250 000 t at 2.4% Cu which would have an inground value for SAV of almost £2Billion.
Now that's exciting!|
|Ged, in the lull before the rugby starts, no doubt we are all waiting for an increase in the share price there rarely seems to be much correlation or definitive method of valuation and invariably seems to be a difference the reality and the should be especially with early stage projects.Mrs Mitty was commenting how quickly this year was disappearing just yesterday and yet I was thinking that we are only two thirds through the first quarter. there is much news that should be with us by the end of the next month which unfortunately we shall simply have to wait for. At that point, hopefully there will be reason to comment.Meanwhile, good set of books and tremendous review of what had been a good year, with an exciting preview for 2017 and beyond. The underpin from a supportive key shareholder and the quality of the assets and agreements in place bring an aura of inevitability to my mind as the projects develop and that time will cement the valuations in the future as real values can be assessed and priced in.|
|Nearing the end of Q1 so what can we expect? There were 2 important notifications mentioned in the results for this quarter with another possible 3.
"The results of a high-powered ground electromagnetic ('EM') survey commenced at Lasail and Bayda are expected in Q1 2017."
"Block 5 in Oman updated Mineral Resource estimate in Q1 2017.
I'm sure all of us will be interested in the second one.
In December I did a calculation of a total in-ground value of Block 5 attributed to SAV, with the result £101 508 664. At the time the market cap was £26.92.
Today I get the result of £105 244 183. The mkt cap given in the header is £25.93!
For the December figures I used $2.5/lb and £1.2/$. Today $2.7/lb and $1.25/$.
The stronger copper price has slightly been offset by the stronger £.
Even without the updated mineral resource we should be trading higher.
If the mineral resource has a significant change to the upside and with the noise coming from Mozambique could we expect a rerate?
Any comments welcome!|
|Does anyone have the latest prices for ilmenite, zircon and rutile?
I saw them recently on a link but can't remember where!|
|"Although El Soldado is a small mine by Chilean mining standards, its eventual stoppage could make a difference in the market, especially now when the two largest copper deposits in the world, Escondida in Chile and Grasberg in Indonesia, are facing tough challenges."
So many problems with Chile and Indonesia which look like bringing about higher copper prices.|
|Not sure I agree with the last bit, Bronco but it has become more important in terms of size.
£390K was used in almost 2 months. They now have 3.02M expected to increase to 4.03M so they should have enough for approximately 10 months pro rata. I can’t see this sensible management going down to the wire so I expect a placing early Autumn unless an opportunity arises.
So what can we expect in the meantime?
From today’s RNS
Ravene Scoping Study
Mineral sands industry expert TZ Minerals International ('TZMI') has been commissioned to conduct the study, with completion expected by the end of Q1 / early Q2 2017.
Environmental studies for, respectively, the Mutamba Project North and Chilubane deposit expected to be finalised by the end of Q1 / early Q2 2017.
Then pre-feasibility and feasibility studies, commission a pilot plant, proof-of-concept bulk sampling programme, determine commercially viable processing routes and commence mine construction, which is targeted to commence in 2018..
Block 5 updated Mineral Resource estimate in Q1 2017..
Then feasibility studies and ultimately Ore Reserves.
Mining targeted to commence in late 2017.
Produce first copper concentrate in 2018.
Environmental Impact Assessment ('EIA'). finalisation of the EIA is expected in Q2 2017.
Results from additional test work is also underway to further refine the recovery process and try to improve the overall copper concentrate grades. No time scale given.
The results of a high-powered ground electromagnetic ('EM') survey commenced at Lasail and Bayda are expected in Q1 2017.
Follow up work (to previous drilling) is now being planned for Q1 / early Q2 2017.
So much in FOUR months some of it in 5 weeks! Haven't this management got a record of delivering on time?|
|Decent no nonsense update there. Scoping study should increase book value further, sounds like it is nearly done. Should mean a chance of the feasibility studies being done this year all being well. Mineral sands seems to be pushing ahead of copper in the race to production now...|
|Just tucked into a few more.|
|Yorkie, Al Ma have 2/4 directors on the board and would not be able to trade their shares during the closed period. This period is for about 2 months up until the publication of the final accounts and is not necessarily based on any other news that is set to land as far as SAV is concerned.As Ged rightly reminds, there was a placing last year prior to notification of the AGM, and it leaves the company going into the expected news season, with a full bank account. This will mean that any positive news that does land will be seen as positive news and for what it is rather than an attempt to ramp prior to a placing.Al Ma had already stated that they wanted to maintain their shareholding at the max. Remy must have decided that this was the best place for his bonus as he has increased his holding again. All in all, we should be happy.|