Celsius Resources Share Discussion Threads

[the count of monte_cristo] 01/5/2024 10:35

See the recent presentation, the replacement drilling costs on just the MCB projec are equal to the current market cap. Compare the 22 year mine life of the MCB project, AISC costs, the capex, the production rates for copper and gold against the El Domo project and one can start to get a better understanding here. One does need to factor in the 40% project ownership though.

So, I think Silvercorp won't come back for CLA now as they will need to fund the development in Ecuador.

[the count of monte_cristo] 01/5/2024 10:27

This is interesting...compare the El Domo project to our MCB😅🤣; and our market cap looks ridiculously cheap, IMHO.





According to a December 2021 feasibility study, El Domo will produce an average of 10 463 t/y of copper and 21 390 t/y copper-equivalent over its ten-year mine life at a C1 production cash cost of $1.14/lb and an all-in sustaining cost of $1.26/lb copper-equivalent.

The study estimates a capital cost requirement of $248-million.

[the count of monte_cristo] 01/5/2024 07:23

Welcome mate, should be an exciting year here.

[cthompso] 01/5/2024 06:29

I took a few yesterday...

[the count of monte_cristo] 01/5/2024 05:02

Currently up 20% on the ASX. Rather strange how this one has zero interest on ADVFN just me here talking to myself, baffling really when this is a very large call option on copper with multiple projects!

Reading on the HotCopper boards that WH Ireland have a new price target out due to the progress with the mining permit and consequent reduced risk rating, increasing copper price and strong interest in the MCB project. Price target upped to 6p now, as opposed to the current price of 0.6p :)






19 Apr 2024 BST

Copper price to support further upside

The analysts’ valuation is based on a long-term copper price of US$8,800 per tonne, compared to the price at the time of its report in January of around US$8,400 per tonne. However, copper has since spiked above this level to its current price of above US$9,500 per tonne. Copper prices above WH Ireland’s long-term price forecast would have a significant impact on our valuation of Celsius.

WH Ireland summarised its view of Celsius, saying “Celsius has a compelling portfolio of copper projects that offer, subject to funding, the potential to generate near-term revenues that could provide the platform to develop long-lived mining assets.

“With near-term, low-cost revenue potential, paired with growing copper demand and a lack of new near- and mid-term operations coming online, we believe Celsius is well-positioned to benefit from the next copper boom. We see fair value in Celsius at 4.6p/share/A$8.8c/share.”

[the count of monte_cristo] 30/4/2024 08:34

Me likey..



MAALINAO-CAIGUTAN-BIYOG COPPER-GOLD PROJECT ("MCB PROJECT"),
PHILIPPINES (40%)

"The Company has been interfacing with potential investors who have shown resounding interest and will now proceed to continue discussion to advance funding and partnership options to proceed with the development of the MCB project".

BOTILAO COPPER-GOLD PROSPECT (40%)

During the quarter, a comprehensive review of historical data was undertaken to gain a better understanding of the area's mineral potential. Research and utilisation of remote sensing techniques were also performed to identify structural features and select promising exploration targets.

OPUWO COBALT PROJECT, NAMIBIA (95%)

The Company is in early-stage discussions regarding a potential transaction with a strategic partner/s concerning the disposal of the Company's 95% interest in the Opuwo Project or part off. Any transaction undertaken by the Company will be subject to the negotiation and execution of a binding agreement.

The Company will make an announcement in accordance with its continuous disclosure obligations in the event that negotiations complete and a binding agreement is executed.

SAGAY COPPER-GOLD PROJECT, PHILIPPINES (100%)

The approval of the Declaration of Mining Project Feasibility (DMPF) along with the issuance of the Environmental Compliance Certificate, which are currently ongoing government evaluation procedures, triggers the next stage of the permitting process leading to a mining permit that would enable the development and operations of the Sagay Project.

[the count of monte_cristo] 29/4/2024 16:01

The million buy is mine. Seems to be showing as a sell.

Great call option on copper this one, they have two copper porphyries, one of which has a mining permit in a world where copper is increasingly in demand.

Best kept copper secret this one:)

[the count of monte_cristo] 14/4/2024 11:22

Sagay interview.

[the count of monte_cristo] 13/4/2024 03:57

Yep, that answers the cash position issue. Obviously would have been nice to have it at a premium. I'll continue to add on.the dips.

[gkace] 12/4/2024 16:38

0.6p placing

[the count of monte_cristo] 12/4/2024 16:13

The small buy showing is mine, paid 0.77p

[the count of monte_cristo] 12/4/2024 09:43

The increasing copper and gold prices strengthens the companies hand, they have two very large long life assets. One of which is a near term producer, I see this going to 100m market cap on a good run.

[the count of monte_cristo] 10/4/2024 16:27

SVM tried to takeout CLA last year, they still hold a 12% stake or something.

[sithuk] 10/4/2024 15:46

Will do, thank you.

[the count of monte_cristo] 10/4/2024 15:01

Hello mate,

Good question, not sure to be honest. They have multiple interested parties lookinv at the MCB project and funding, at 250 odd US dollars it is manageable enough. The world needs these smaller copper porphyries to come online so although the market is ignoring CLA I don't think it can continue to do so.

I bought more today. Havs a listen to the last few updates.

[sithuk] 10/4/2024 14:11

Hello Count, the recent accounts show cash of around $2m at end of 2023 with a burn rate of around $2m a year. Has the board identified where the cash is to come from for ongoing operational costs? Or where the cash is to come from to develop its lead project?

[the count of monte_cristo] 10/4/2024 13:55

My stalker even found me here, what a saddo following me around marking my posts down. Embarrasingly sad life😅㊃5;

[the count of monte_cristo] 08/4/2024 16:12

The other sell showing is actually a buy and it is my buy.

[the count of monte_cristo] 08/4/2024 12:10

Added over 200k

[the count of monte_cristo] 04/4/2024 09:47

An hidden gem here, people are going to wake up to this one sooner or later.

[the count of monte_cristo] 03/4/2024 10:31

Added 100k

[the count of monte_cristo] 18/3/2024 06:11

Mar 18, 2024 #ProactiveInvestors #CelsiusResources #ASX
In what is perhaps the company’s biggest milestone to date, Celsius Resources Ltd (ASX:CLA) managing director Peter Hume sits down with Proactive’s Jonathan Jackson to discuss the importance of its Philippine subsidiary, Makilala Mining Company, Inc. (MMCI), being granted a Mineral Production Sharing Agreement (MPSA) for the Maalinao-Caigutan-Biyog Mining Project (MCB).

Issued by the Philippine Department of Environment and Natural Resources on March 14, 2024, this permit is valid for 25 years and renewable for another 25 and represents a pivotal step for Celsius in transitioning from an exploration entity to a mineral resource developer and future mine operator.

The MPSA, the first copper project approval in the Philippines in the last 15 years, endows MMCI with exclusive rights for the exploration, development, and production of copper and associated minerals within the 2,500-hectare contract area. This development catalyses the MCB project's progression towards operational status.

Hume lauded the achievement as a testament to the diligence of the in-country team and a critical juncture in the company’s evolution. Granting of the permit is expected to stimulate financial investments, with Celsius already engaging with potential backers. With the permit secured, Celsius is set to finalise funding mechanisms, advancing the MCB project into its next developmental phase.

[the count of monte_cristo] 18/3/2024 05:23

Total Issued Capital 2,246,051,662

Market cap at 0.75p = 16.8m GBP (not the 44m detailed in the header, ADVFN's calcs are incorrect!)

I have capitalised the key words below, 'SEVERAL INVESTORS':) These copper porphyries are massive money makers, just throwing off cash for decades.



While waiting for the issuance of a mining permit, ground activities were kept to a minimum while preparing for the pre-development phase. Included in the preparation is the signing of a Memorandum of Agreement ("MOA") with the Provincial Government Unit of Kalinga to jointly develop the road alignment for the MCB Project's access from mine site to port[2]. The Company has SEVERAL INVESTORS ready to commit the required FUNDING to develop the MCB Project ONCE the mining permit has been secured.

[the count of monte_cristo] 18/3/2024 00:54

The market has responded enthusiastically, sending CLA shares climbing as much as 53.85% in the first hour of ASX trading to A$0.02.

This permit grants CLA exclusive rights to undertake exploration, development and commercial production of copper and associated minerals at MCB for the next 25 years, with an option to renew for a further 25.

It marks the first copper project to be approved in the Philippines in 15 years, opening the path to mine development at the MCB Copper-Gold Project in northern Luzon.