Anglesey Mining Share Discussion Threads

[3ootuk] 11/1/2021 07:46

Now waiting for our 12% LIM PEA as well...

[spacedust] 11/1/2021 07:40

No choice but to take this to 50p

[benjamin15] 11/1/2021 07:38

Going to gap up....

[shill10] 11/1/2021 07:36

"Conclusions

Anglesey is incredibly pleased with the results of the QME Optimisation Studies
and the Micon PEA. This PEA demonstrates that Anglesey Mining's Parys Mountain
project is much more substantial than previously considered; that it has a
larger mineable resource base; can support a longer mine life and can generate
significantly enhanced financial returns even at metal prices well below
today's levels. "

[deanmatlazin] 11/1/2021 07:35

Mind you the AYM share price was 93p/ share 10 years ago on commodity boom and we are in the beginning of the cycle now:)

[deanmatlazin] 11/1/2021 07:32

This is a PEA. The DFS will include detailed financing cost etc. All I can say this as a truly remarkable economic gains for UK/Wales people in the midst of pandemic saga.

[spacedust] 11/1/2021 07:31

Case C NPV10 to $238 million (GBP176 million) and applying a more
conservative 12% discount rate to this would result in an NPV12 of $195 million

195$ - is this per year or the total value of the entire entity

[spacedust] 11/1/2021 07:30

Imastu you place zero value to the mountain itself as a piece of land

[imastu pidgitaswell] 11/1/2021 07:25

Kept a vague eye on this from afar since my favourite trader in the whole world mentioned this elsewhere...

So you have some numbers now finally. As I read it the financial case ranges from $26m to $90m+ under 3 production scenarios - after all taxes, capital costs, discounting, and at conservative PM prices. But before any financing costs.

The market cap is £19m, or c$26m, give or take.

So it is either valued at the valuation already, before any financing costs, or at around a third to a quarter of the best case scenario. I have no idea what the 'usual' for something at this embryonic stage would be, but I would be surprised if it was normal for one of the scenarios to be the current market cap, with all of the attendant risks attaching.

Dunno, it's your risk, but be aware of the financial fundamentals on this, which you can see for the first time.


Edit - crossed with the above. The sheer range of the projections shows how different interpretations of a few key metrics can vary the apparent outcome. Just be aware is all I say.

[deanmatlazin] 11/1/2021 07:24

Using the higher current January 2021 metal prices and exchange rate would
double this Case C NPV10 to $238 million (GBP176 million) and applying a more
conservative 12% discount rate to this would result in an NPV12 of $195 million
(GBP144 million).

"We are very encouraged with these financial results, particularly for the
expanded scenario. The PEA clearly demonstrates that Parys Mountain has the
potential to be developed as a serious mining project producing an average
7,300 tonnes of copper, 8,000 tonnes of zinc, 7,600 tonnes of lead, 6,000 kg of
silver and 160 kg of gold, in concentrates, per year in Case C and become a
major contributor to the UK economy." added Bill Hooley.


Look....using the current metal price the NPV for AYM = $230m ( £170m ). And we know copper /silver/gold price should go a lot higher later on this year and should stay high for few years. .

Our current market cap = £18m.

We should have a ten bagger :)

[spacedust] 11/1/2021 07:18

12p to start. With my valuations it must hit 50p at some point this month

[iglenn] 11/1/2021 07:16

probably a red day lol

[iglenn] 11/1/2021 07:16

I still make it 45m for the copper

[benjamin15] 11/1/2021 07:15

What we looking at for the share price today then??? First stop?

[iglenn] 11/1/2021 07:15

ah...yes I got the decimal point wrong...doh. its 2.81 per lb copper

[iglenn] 11/1/2021 07:13

if so apologies for a complete ramping valuation lol

[iglenn] 11/1/2021 07:12

7,300 tonnes of copper = 2204 lbs per ton = 16089200 lbs.

Copper @ 21.81 per Lb would be 350 m

Or am i missing something...other than costs involved in mining it.?

[spacedust] 11/1/2021 07:12

50p imminent

[spacedust] 11/1/2021 07:12

Copper 7,300 tonnes = £57m

We've got 100m in metals to begin with. And our market cap is a paltry 17m.

[spacedust] 11/1/2021 07:07

Gold = 7m
Silver = 3.5m

Csn anyone do the copper valuation

[iglenn] 11/1/2021 07:07

in brief:

In 2017 Micon produced a Scoping Study on Parys Mountain. This followed
previous work by Micon in 2006 and particularly a JORC resource estimate in
2012. These amounted to 2.45 million tonnes and at a planned production rate of 1,000
tonnes per day gave a mine life of approximately 8 years.

Today:
This PEA includes an updated mineral resource statement showing 5.2 million
tonnes of Indicated Resources at a combined base metal grade of 4.3%, together
with 11.7 million tonnes of Inferred Resources at a combined base metals grade
of 2.8%, based on the revised estimated cut-off cost of $US48 per tonne.

Its over double the original JORC!!

[benjamin15] 11/1/2021 07:07

This is going to be blue

[iglenn] 11/1/2021 07:04

In summary, the most attractive option is the expanded Case C, which, with some
$99 million of pre-production capital expenditure, generates a total cumulative
cash operating surplus over a 12 year mine life of more than $510 million (GBP408
million), which translates to a pre-tax Net Present Value discounted at 10% pa
of over $120 million (GBP96 million), with an attractive IRR of 26%.

[iglenn] 11/1/2021 07:03

here we go!

RNS:

"We are very encouraged with these financial results, particularly for the
expanded scenario. The PEA clearly demonstrates that Parys Mountain has the
potential to be developed as a serious mining project producing an average
7,300 tonnes of copper, 8,000 tonnes of zinc, 7,600 tonnes of lead, 6,000 kg of
silver and 160 kg of gold, in concentrates, per year in Case C and become a
major contributor to the UK economy." added Bill Hooley.

[deanmatlazin] 10/1/2021 20:56

Copper is the theme for 2021. This price should go up to $4/lb soon enough. i reckon in 2 months from now. That will make AYM PEA damn attractive!! Scoping study in 2017 the copper price was £2.50/lb :)

Copper in the new GOLD!!!