Atalaya Mining Share Discussion Threads

[rougepierre] 24/1/2018 12:37

GS have a lot of power in the market...

[rougepierre] 24/1/2018 12:32

Here is a cone crusher with the capacity of 5m tonnes per year...Sandvik CH870...only$1!

hxxps://www.mascus.com/construction/used-crushers/sandvik-ch870-cone-crusher/3jhiajer.html

Looks like a huge surplus of Sandvik crushers in China...just find the shipping costs...

But I'm guessing new onsite this model would surely not be more than $1-2m installed...

Any thoughts...

[mronions] 24/1/2018 11:54

crusher

What are we talking about here ?

is this a unit which crushed ore down the process line or is this the large unit that ore is initially poured into which is sunk into a pit ?

This is what I am trying to understand

What are we potentially investing in

[superbobtaylor] 24/1/2018 11:26

A new cone crusher will cost at least 200M? Where did you get this from.

SBT

[mronions] 24/1/2018 10:58

Ok, are we all in agreement

New crusher is a big piece of kit
- it is the major part of a start up cost for a mine
- $200-300m USD
- we avoided this as we already had one
- but EMED now considering new crusher ?
- or is this a smaller crusher used further down the process

This does stipulate a massive ore upgrade

My only criticism is AL is raising all the funds before disclosing upgrade, thus allowing core shareholders in on the cheap .
- the company should upgrade resource, see she re-valuation then sell new shares into the market through new institution / investor demand.

[saintb] 24/1/2018 10:34

Reba. Yes.

mip55. Yes

[reba] 24/1/2018 10:04

Here's a question,

Are we still stockpiling, not declaring total production sales
to evade paying Astor.?

[shortarm] 24/1/2018 09:54

How do you sell 5K for 183 when I get offered (still) 184.27??Still at it, you'd think they'd have given up in the face of this relentless buying.....

[rougepierre] 24/1/2018 09:52

Outstanding article...highly respected M&M commentator/investor, Rick Rule...

Gold on a tear...will copper follow...

hxxp://www.mining-journal.com/capital-markets/news/1311001/-puck

[mip55] 24/1/2018 09:52

Call me a cynic but....any continuous improvement we make in terms of on site equipment has the benefits of enhancing our plant efficiency / reliability while increasing our tangible fixed assets . Though this, in the short term reduces our bottom line profit it DOES have the benefit of putting off Astor payments!

[rougepierre] 24/1/2018 08:57

Only an idiot would think this decision was without full board approval...there must be more copper in them there hills...onwards and upwards...

[laurence llewelyn binliner] 24/1/2018 08:41

#Onions..., put it this way, do you think the company would be evaluating a new cone crusher if we didn't have enough rocks to put in it..?

[inforapennynow] 24/1/2018 08:36

Correct that’s why we’re having a new crusher installed.
It’s all about reading between the line.

[shortarm] 24/1/2018 08:22

They've been drilling in the area for years, well before production started.It's reasonable to believe there is plenty more copper, after all the area has been producing copper since the Roman times and before.

[erric] 24/1/2018 08:18

To crush hopes ?

[cufes2] 24/1/2018 07:26

He knows his onions . . .

[shortarm] 24/1/2018 07:05

To crush stuff :-)

[mronions] 24/1/2018 00:11

why are we building a new crusher ?

[waterloo01] 23/1/2018 20:13

Erric copyright but worth a read.

[gcpinc] 23/1/2018 19:52

waterloo01

hxxps://www.metalbulletin.com/Article/3782412/Copper-all/LIVE-FUTURES-REPORT-2301-LME-copper-price-drops-2-nickel-only-base-metal-in-positive-territory.html

[erric] 23/1/2018 19:35

Please cut and paste the article.

[waterloo01] 23/1/2018 17:48

Well worth a read about why copper dropped today

[laurence llewelyn binliner] 23/1/2018 17:21

My best guess numbers for 2018:

40,000 Tonnes (38,200 payable) 84M/lbs with an AISC of $2.10 as RNS guidance.

At a spot price average $3.25/lb (payable $3.10/lb) / $1.00 margin = $84M EBITDA
At a spot price average $3.50/lb (payable $3.34/lb) / $1.24 margin = $104M EBITDA
At a spot price average $3.75/lb (payable $3.58/lb) / $1.48 margin = $124M EBITDA

This is why people are buying, AND scale that up +40% for 2019/20.., just in time for Dividends.. :o)

[waterloo01] 23/1/2018 15:24

Seems we have a very determined and deep pocketed buyer. Wonder what size order they are filling?