Anglesey Mining Share Discussion Threads

[j5thumbs] 11/9/2023 16:31

I certainly haven't been following LIM's progress in any real detail as I only started 'investing' in AYM 18 months ago. But I see that the iron ore price back in 2013 (133 USD/T) was only 14% higher than the current spot rate (116.50 USD/T) and ore prices dropped to 50 USD/T for a while which can't have helped much. But it's disappointing that even with a record spike to 225 USD/T in 2020, and an average ore price of over 100 USD/T during the past 3 years that LIM is still not producing. I wonder what their break-even price is ...

[kooba] 11/9/2023 12:45

Yes i do..and so should you. The Labrador mining interests where we have a now diluted interest are currently dormant aren't they.Pointing out that saying Anglesey has not mined an ounce of iron ore since 1984 is utter garbage.Anyone considering posting should at least have a rough idea of where the company has been , is now and hopefully where it is going.

[j5thumbs] 11/9/2023 10:32

Kooba, thanks for the 2013 Labrador figures. Do you happen to know any more recent figures, for example 2021 or 2022 ?

[kooba] 11/9/2023 08:07

'...still not mined an ounce of iron ore'https://moneyweek.com/231102/anglesey-mining-leaps-on-new-deal-130514-1455-58465"LIM began its third year of direct shipping iron ore production from its Schefferville area iron ore mines in Western Labrador in April 2013 and is targeting production of 1.75m to 2.0m tonnes of sinter fines and lump in 2013."That was why the Anglesey share price spiralled by multiples 12 years ago...because their major holding in Labrador Iron Mines was in iron ore production , delivering huge profits.A small amount of factual content might make you look more able to hold a worthwhile view.

[kennyp52] 11/9/2023 07:57

Good luck with that Bodgit .. they were formed in 1984 and still not mined an ounce of iron ore . Inbetween has been placing after placing to fund director’s salaries for 10 minutes a week work imho ?

By the way Kooba .. the clue is the share price

[klondykejohn] 08/9/2023 23:45

Haha, love it Bodgit

[bodgit] 08/9/2023 18:16

Gentlemen, please! My old college motto was 'Time tells the truth in everything' I think historians are still arguing over that one. I remain hopeful that AYM will come good in my lifetime and, at 68, I'm a little impatient though my daughters/grandchildren might benefit.... Good weekend all.

[kooba] 08/9/2023 17:45

Get a grip and a clue.

[klondykejohn] 08/9/2023 16:53

Kooba, what a load of rubbish you spout.
Aym is thirty plus years old and it will be as long again until it sees production.
Take your rose tinted glasses off
I didn`t say that it was NEW news,I said it was information that was released a long time ago. I asked when any new exciting news was going to be released.
Yes I invest in PXC as well as other junior miners but Aym really is the bottom of the pile for me.

[kooba] 02/9/2023 16:26

I didn't say it was new information ..I was using facts and information to refresh the opportunity that is Parys backed by dated links...do you think I present this as new?? If you want new exciting news every day and rapid progress stick to PXC which you have extolled the virtues of many times...i also hold and that one makes AYM look dynamic!!

[klondykejohn] 01/9/2023 23:06

Kooba, you are digging up information that was released a long time ago.
What new exciting news has been released since then.
Answer? very little, excepting a couple of new share raises, diluting the Company base line even further.
I pull my hair out with this lot.

[sos100] 01/9/2023 07:30

don't expect much positivity on the share price then 🤣

[calmtrader] 01/9/2023 07:29

Drilling commencement month next six months should be very exciting

[kooba] 31/8/2023 07:31

"Even using the conservative price estimates from the PEA of $2.80 per pound of copper, $1.20/lb zinc and $1,500 per ounce of gold, the economics look robust. The PEA offers various scenarios for mine development, ranging from 1,000 tonnes per day throughput to 3,000t/d.Under the larger mine plan, the project would generate a net present value of US$120 million using the base prices over a mine life of 12 years. Using current prices, that figure rises to over $250 million."https://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1427134/anglesey-mining-sharpens-focus-on-the-parys-mountain-projectSo the company is trading at a very large discount to the NPV of Parys alone...the current drilling programme could significantly increase the inferred resources which would make the economics even more favourable through recoverable resources and likely life of the mine.An equity value will be below the NPV and can be impacted by various factors..many of which see Parys as a low risk development opportunity particularly as it is an existing mined prospect and could be developed in a short timescale.Useful article on NPV against equity value.https://insights.csaglobal.com/market-value-doesnt-match-npv/If the company can get to a PFS incorporating new drilling results and with a clear permitting route then that is the time to look at monetisation opportunities and funding options, we already have QME with a funding option which would put a value on the project for shareholders. But this would also be the point to look at all options."In addition, Anglesey will grant to QME the right and option, upon completion of a pre-feasibility study, to undertake the mine development component of the Parys Mountain project, to the point of commencement of production, in consideration of which QME would earn a 30% undivided joint venture interest in the Parys Mountain project.""Furthermore, the project would require a modest capex of $99 million and take just two years to build out from financing. That's a testament to the work already done at the site and the strong transport and power infrastructure in the region.""The QME earn-in option means that a significant amount of the pre-production capex is potentially underwritten already. That would obviously mean some dilution, but it would ensure the project is developed by a very credible and experienced mining team."So capex $100m could be significantly covered by QME taking a 30% interest..what does that make the remaining 70% worth?Some food for thought.

[benjamin15] 31/8/2023 06:39

Yep agree there, sell the lot

[danmart2] 31/8/2023 05:25

Sell parys

[pigeons] 30/8/2023 19:05

thank you, you certainly know your mines,

[kooba] 30/8/2023 14:55

Grangesberg has some possible credits in rare earths and mineralsPreviously, revenue was also generated from the sale of apatite concentrates (17-19% P) produced from the tailings stream. While the PFS indicates potential apatite production of 210ktpa, no sales have yet been included in the financial evaluation. This product also contains elevated rare earth content..Uses is ApatiteManufacture of fertilizer.Occasional use as a gemstone.Index mineral on Mohs scale of hardness (hardness of 5)As an ore of phosphate (it is the most common phosphate mineral) to be used in: Pharmaceuticals. Ceramics. Silk. Textiles. Production of pure chemicals. Insecticides. Sugar refining. Manufacture of explosives.ParysHas potential for meaningful gold and silver credits.It's a complicated structure and there is potential for rare earths.Haven't seen Lithium mentioned on any project though.

[pigeons] 30/8/2023 12:30

Is
there any possiblity of lithium with in the AYM portfolio

[benjamin15] 29/8/2023 16:27

Calmtrader
No volume or news, pop where?

[calmtrader] 29/8/2023 14:15

This is going to pop any day now!!

[kooba] 29/8/2023 13:30

https://fortune.com/2023/08/28/copper-price-outlook-citigroup-boom-oil-rally-childs-play/....."For us here at Citi, copper is the energy transition bull trade. The world is cyclically weak right now, and that means the trade is on pause. But copper's eventual bull run is likely to make oil's famous 2008 rally look like child's play," Max Layton, Citi's managing director for commodities research, said in an Aug. 23 video presentation for clients. Layton is referencing the period when oil prices spiked before the onset of the Global Financial Crisis, rising from $50 per barrel in mid-2006 to $140 per barrel by late 2007 as strong demand from emerging markets clashed with stagnant global crude production. The veteran commodities analyst believes that copper prices could see a similar price spike over the next three years because the metal has become a favorite among commodity traders looking for exposure to the energy transition theme. Copper's critical role in electric vehicle batteries and other green energy technologies has led some to call it "the new oil." The metal is used in solar panels, wind turbines, electrical cables, and even your iPhone. In fact, copper is so widely used in construction, manufacturing, and electronics production that it's often seen as a proxy for global economic activity and a business cycle indicator, earning it the nickname "Dr. Copper." Lately, with the global economy struggling to regain its stride after COVID, the doctor has been sounding the alarm (copper prices are falling), but if you ask Citi, it's just a minor setback for the energy transition king.The energy transition darling's brief stumbleCopper prices have tumbled in 2023 amid weaker than forecast demand for the critical metal owing to China's ailing economy and slowing global economic growth. The London Metal Exchange's cash copper price is now down 11% from its mid-January peak of over $9,400 per metric ton to just $8,359. But Citi's Layton sees the pullback as an opportunity.Because copper's price tends to rise and fall in unison with global economic activity, many commodities traders have been forced to wait on the sidelines for global economic growth to improve before they can buy copper, creating a "massive queue" to buy the metal, according to Citi.Layton said it makes sense for investors to be "cautious" about jumping into copper during the second half of 2023 owing in part to China's struggling economy.The country's role as the world's factory and continuous push to develop infrastructure and housing projects has given it an outsize position in the copper market over the past four decades. Even amid an ongoing crisis in the country's property sector, China remained the biggest consumer of copper globally in 2022, using 55% of the world's supply. But during the first six months of 2023, with its property market and manufacturing industry ailing, China imported just 1.65 million metric tons of refined copper, 12% less than it did a year ago.The good news is Layton doesn't expect the trend to last. He recommended investors slowly begin buying copper over the next 12 months, arguing that China's eventual economic recovery and the energy transition will lead prices to surge to $15,000 per metric ton over the next three years. "Expected returns are a massive 50% to 100% by 2025," he said of this "bull case" scenario.However, Citi also outlined a bearish scenario where copper prices could fall 10% to $7,500 by 2025 in a July note. In this scenario, China's economic recovery would be slower and less robust than expected, and rising interest rates in the U.S. and Europe would have a "larger than anticipated impact" on global growth, leading to weaker copper demand.Still, the board of Polish mining giant KGHM Polska Mied?, the eighth largest copper producer globally, backed up Citi's bull case outlook earlier this month in its second quarter earnings report.Copper prices were "held back by the slowdown in the Chinese economy" in 2023, the company said, according to a translation provided by AlphaSense, noting that hopes for a quick post-COVID recovery in the nation have been dashed this year. But in the long run, as China's economy recovers, the rise of electric personal vehicles-from cars to e-bikes-and the energy transition will keep demand for copper elevated globally, according to KGHM. And rising copper demand, coupled with limited supply owing to substantial constraints on new mining projects worldwide, including increased taxes and environmental regulations, should keep prices elevated for years to come."The aforementioned restrictions in supply, together with the strong trend towards electro-mobility and the green revolution spurring the pace of growth in demand for copper, will support copper prices in the long term," KGHM's board wrote.

[trader465] 29/8/2023 08:26

Now only 2 weeks away from the annual financials which will reveal the extent of the cash burn since salaries and perks were restarted.

[calmtrader] 29/8/2023 08:24

Now only two weeks away before we start drilling on the NCZ!!