Atalaya Mining Share Discussion Threads

[robmcelf2] 09/6/2022 03:39

Recognise patience is a virtue on Touro but as other posters have commented it seems to be taking an age to submit our new application. We are waiting to see how we can improve water quality in the Ulla river downstream from Touro with the new water treatment plan we invested in. This plant was commissioned in April according to Q1 report and the Touro project is listed as a key activity for 2022 in the W1 results deck

[waterloo01] 08/6/2022 23:32

I think Touro is looking a long shot. They need to find something that can fill the exploration gap assuming it's not happening

[sporazene2] 08/6/2022 21:10

Re the crux interview, there were no questions related to Touro which was odd. It also seemed like the interviewer he mixed the producing mine vs the development project(s). Good to hear from Alberto, another very assured interview from him.

[qs99] 08/6/2022 21:08

great spot. Thanks

[robmcelf2] 08/6/2022 20:30

https://www.indonewyork.com/m/business/electricity-rates-will-drop-from-the-15th-when-the-gas-price-limit-comes-h36398.htmlFinally Spain can implement the energy prices cap from 15th June and will last till end of May 2023. That should give ATYM the space it needs to get the long term energy costs position sorted. Share price could climb from here imho

[qs99] 08/6/2022 16:51

Great to be back through £4.....happy to have tucked away a few at the post chinese stake off-load low....onwards and upwards! DYOR

[centipede] 08/6/2022 14:52

Thanks also for the link for yesterday's interview. Just been listening carefully as Alberto’s accent can be hard to understand, and some key points were later on, where I found my attention wandering.

So, I have written down a key section below. 2 key parts are:

Without ELIX, the ‘growth will probably double our net percent values, simply based on grade’ – this will be from the richer ores at St Dionisio

With ELIX, ‘can be a huge, higher uplift.’ – this seems to be mainly by being able to extract a greater percentage of the metals. Reading around, the key aspect of ELIX seems to be getting the metals into solution, which can then be used in a standard electrolysis setup (which produces very pure metal plates). The whole process also seems to be cutting out the transporting costs and smelting.

--------------------------------------------------------
from 22.40

Cu Pb Zn is complex, and that is why we have been developing for now 6 yrs, helping a lady that invented a system called ELIX to be able to process successfully this complex Cu Pb Zn materials that certainly are not going to be staying in the ground.

Producing in less than 2 yrs time around 75,000 tons of copper – that’s without the addition of Touro. When we get Touro, we will get more than 100,000 tons of copper.
And I say that, we have been doing that from 2015 when we started at around 25,000, and then we went to 40, and then to 55.

And the next uplift will come from the series around the pit, simply with the same installation that we have, treating high rates.

The next uplift will come with this ELIX which will be able to give us additional byproducts, or copper equivalent if you want, Lead and Zinc, which right now we are not recovering.

The growth will come at St Dionisio with or without ELIX.

Without ELIX, the growth will probably double our net percent values, simply based on grade. Without making any additional change, simply adding additional circuit for Zinc.

With ELIX, we are very careful of predicting things until we see it in a (mature?) way, but can be a huge, higher uplift. Simply because we get higher recoveries. It means that if we can get recoveries of in a complex metallurgy of let’s say 75%, global copper zinc – in this case, you can get to the high 90s. So imagine what it is to get from the same tons 15% more metal. As simple as that.

So the value uplift is huge with, in ELIX, but we are not putting all our bets in this. We have enough experience and we have been very cautious going in 6 yrs spending money first in the lab, then a small pilot plant, then a large pilot plant, now constructing a larger plant, and continue with the test work.

So, we believe it is going to be huge, but we are not betting everything in this. The value uplift will come even without it.

[xamf] 08/6/2022 10:24

Thanks jwafc for the link. Q1 was hit by energy costs. Interestingly over half of their electricity needs will be at considerably lower prices next year (22% from their own solar plant which is now live and 33% from a new long term supply contact). It's no surprise to hear that they're expecting copper prices to remain high for the long term as demand will outstrip limited supply. He likened copper to the 'new' oil. All positive stuff.

[jwafc] 08/6/2022 06:23

07/06 Crux interview with Alberto.

Atalaya Mining (ATYM) - When Does Rising Energy Prices affect Copper?

[sithuk] 02/6/2022 18:47

Copper futures up over 5% to $4.55. What just happened?

[qs99] 02/6/2022 17:23

interesting reading, OK this is an extreme view, but the lack of supply and new mines is factual, so IMO bound to have an effect sooner or later! DYOR

[ruvic] 31/5/2022 20:53

Copper inventories running about half of the 10 year average.

[erric] 31/5/2022 18:40

It’s a bit academic discussing filtering Mr Onions cos I’m the Big Boss and the only one who can ban him, which I’m not going to do, partly because of sensible contributions and partly because he’s been around long before the nougat went stale and the jambon was eaten by the birds.

[waterloo01] 30/5/2022 12:08

Miners

While a global recession – should one materialise – would reduce demand versus present expectations, lowering commodity prices, the mining industry is not currently facing a wave of new capacity at the same time.

This means that we would expect prices to rebound quickly as economies start to recover.

At present we believe that copper, mineral sands and diamonds all look supply constrained and have limited to no supply growth under development.

This suggests that as demand accelerates these commodities could lead the recovery, driving sector-relative outperformance from those share prices.

Our top picks amongst those commodities are Atalaya Mining, Central Asia Metals, Kenmare Resources, Petra Diamonds and Antofagasta.

[laurence llewelyn binliner] 30/5/2022 11:59

Onions has been holding here for over a decade, same as myself and over the years been a constructive contributor to the board, after that amount of time waiting for the maiden dividend, over exuberance is forgiven.. :o)

[estienne] 30/5/2022 11:54

He was expressing exuberance caused by the rise in Atalaya's share price and the dividend payment which was a critical milestone for him. If you'd been following the company as long as he has you might feel the same way

[zangdook] 28/5/2022 15:05

His five posts in a row, were they all valuable intelligent on-topic contributions? Leopards don't change their spots.

[gekks] 27/5/2022 18:50

Yes why filter MrO ?

[estienne] 27/5/2022 15:12

I don't see any reason to filter Mr Onions. He is a respected and long standing contributor who has a lot of background knowledge concerning Atalaya

[rougepierre] 27/5/2022 15:11

Paid 329p in the open market Mr Onions...wife well pleased...currently paying her £1788pa tax free or £34 a week...equivalent to almost £3,000 grossed up...

And surely due to continue increasing, which means the share price will recover over £4...