Anglesey Mining Share Discussion Threads

[benjamin15] 13/1/2021 11:05

They have millions upon millions of more shares in issue...But I know what your saying..

[spacedust] 13/1/2021 11:01

Buwolf and UFO valued much higher for no reason except market diesnt hate the others

[benjamin15] 13/1/2021 10:56

Be lucky to get 20p, triple.figures?

[spacedust] 13/1/2021 10:35

Consolidation appears to take longer here. Its worth 200m yet its less than 10% its value. Its had its time to consolidate it should be racing away 5p eveyday non stop until triple figures

[benjamin15] 13/1/2021 10:32

Spacedust
It's consolidating at the next level up,nothing goes up in a straight line..

[spacedust] 13/1/2021 10:09

One question....why is it in the doldrums left in the gutters then?

My answer is mms hate this share. But what do others think instead patience being sited as the reason. Why should patience come into it. If that was the csse id be buying an aston martin for 5k

[deanmatlazin] 13/1/2021 09:45

Using January 2021 metal prices and exchange rate would increase this NPV10 to
$238 million (GBP176 million) and at a more conservative 12% discount rate this
would result in an NPV12 of $195 million (GBP144 million).

We are 90% significantly undervalued for Parys mountain (NPV10). That is not included the iron property for LIM + Sweden.

Once we got funding for the mine...forget NPV10 value...you should calculate the full value :)

Once in the life time chance...buy and hold!

[gimmetheloot] 13/1/2021 09:32

Not interested in selling at all. This will be in the 20’s very very soon.

[deanmatlazin] 13/1/2021 09:10

Copper price will go higher later on this year. Once it hits $4/lb...investors will piling on copper mining shares. Be in it to win it. I am confident this will multibags by the end of the year.

[calmtrader] 13/1/2021 09:02

7.41 bid for 350k at the mo !!

[wassapper] 13/1/2021 08:37

Video now in the header

[gimmetheloot] 12/1/2021 21:07

8000 tonnes of concentrate of copper zinc lead to be mined produced in the UK within 2 yrs. all Infrastucture in place. 8000 tonnes x 8000usd for just the copper per tonne is nearly 65M usd per annum add to that the zinc 22 m usd lead 16 M usd gold silver and we have got a significant mining operation. 100-120 jobs will be created.

We have 100M usd per annum in just base metals excluding the gold silver and iron ore.

Mine life of around 12 years.

Let’s have the real value here. Whoop whoop.

[calmtrader] 12/1/2021 20:12

Good to talk

[ih_771151] 12/1/2021 19:55

You're welcome, just from digging a bit deeper from this discussion I found that due to the processing and the resultant higher grade, the ore processed from the likes of Grangesberg does typically fetch a slightly larger premium which can offset a good amount of the costs.

Thank you for the discussion, I didn't realise it was being processed to 67%+.

[calmtrader] 12/1/2021 19:46

Thxs for info

[ih_771151] 12/1/2021 19:27

They may intend to ship 67%, but 62%+ iron ore can be simply crushed, screened and shipped hence why it is referred to as DSO (direct shipping ore) - even grades slightly below this can have this though slightly less will be paid.

There are increased costs associated with processing lower grade ores and getting them up to a usable level, so DSO tends to be the most desirable and profitable ore to mine and ship.

However, that is not to say that Grangesberg is not an excellent and potentially very profitable mine.

[calmtrader] 12/1/2021 18:12

"The +67% Fe high-quality product expected to be produced from Grangesberg, coupled with the previously announced reduced mine life and the increased level of seismic activity at LKAB's flagship Kiruna project in northern Sweden, which is Sweden's largest iron ore producer, continues to make the interest in developing the Grangesberg project more likely and more attractive than many other undeveloped iron ore projects in Europe.

[ih_771151] 12/1/2021 17:55

According to the latest estimate done on Grangesberg in September 2014, found in AYM's RNS' and on Grangesberg's website under "NI43-101 Resource Estimate" it has around 148,000,000 tonnes at an average grade of just over 40%.
UFO has an estimated resource of between 74 and 245 million tonnes, with recent work implying a revision upwards of the 245 million tonnes may be needed at an average of approximately 62%.

[ih_771151] 12/1/2021 17:55

According to the latest estimate done on Grangesberg in September 2014, found in AYM's RNS' and on Grangesberg's website under "NI43-101 Resource Estimate" it has around 148,000,000 tonnes at an average grade of just over 40%.
UFO has an estimated resource of between 74 and 245 million tonnes, with recent work implying a revision upwards of the 245 million tonnes may be needed at an average of approximately 62%.

[calmtrader] 12/1/2021 17:33

Higher grade ore than Grangesberg? Grangesberg has 68% Fe

[ih_771151] 12/1/2021 17:26

I agree with you to an extent, wassapper as I believe this has a lot of potential and will increase in value from here. However, I'm invested in UFO and it has much higher grade and a lot more high grade iron ore than either Grangesberg or LIMH, and that's without including the diversification of 3x silver projects, one of which was an existing mine that shut down when silver prices hit about $4/5 per ounce - we're now at $25 and IMO going higher, with confirmed close to surface resources, alongside a JV on a gold/copper project, and a relatively unknown resource in Greenland suspected to contain a significant amount of base resources.
Don't know much about the others, but the comparison doesn't really line up as I do think UFO is worth a lot more than AYM, but I also think AYM is worth a lot more than its current MCAP especially with base metals at their current prices and likely to continue increasing over the coming years, especially considering the green revolution the world is about to go through and the demand pressure that will put on prices.

[anti corruption] 12/1/2021 17:24

I am sure a few others will listen to the interview and will have the calculations worked out too.

[imastu pidgitaswell] 12/1/2021 17:20

Read the announcement - the numbers for gross revenue are in that ballpark.

But after paying for all of the required operating costs, tax (but nothing for financing) you get a net present value of between $26m and $92m. Note that the $26m is basically the current market cap.

Yes, there are all manner of variables, from volumes to metals prices, but why do you think no-one has extracted what is there before? It's a risk, a return requires elevated metal prices, over the life of the project, and funding needs to be secured until cashflows can pay for operations to continue.

I don't do this sort of 'investment' but if I did, I would want a much more certain return than is on offer.

[iglenn] 12/1/2021 16:39

I put that at a potential revenue from Parys alone at over 800 million USD a year...what am I getting wrong here. It cant be that valuable surely...considering our MC at the moment.