Ecora Resources Share Discussion Threads

[the deacon] 18/11/2022 16:29

Marc interview with IGhttps://youtu.be/RSPX-ijfRSE

[laurence llewelyn binliner] 18/11/2022 09:16

#The Deacon, +1, ECORA holding royalties with the mining heavyweights now, Vale/BHP/S32 where projects are advanced quickly with all their weight/experience, going forward it all adds profile value for us and opens new avenues with future business opportunities, just where we need to be as we focus on the next growth royalties..

The TA pennant formation over the last month is looking a bit fragile, but could be the result of the Oz suspension, the Nickel price pullback, we will have to wait and see if the next weeks candles pull it back in line again.. :o)

[the deacon] 18/11/2022 09:01

Agreed. Good asset and a top tier counterparty, with the funds to expand the project and weather any storm. Can't really ask for much more

[laurence llewelyn binliner] 18/11/2022 08:41

#The Deacon, as expected - BHP - 18.11.2022 - BHP has submitted a revised non-binding indicative proposal to the Board of OZ Minerals Limited (OZL) to acquire 100% of OZL by way of a scheme of arrangement for a cash price of AUD28.25 per OZL share (the Revised Proposal). This offer price represents the best and final price BHP is willing to offer under the Revised Proposal, in the absence of a competing proposal.

The OZL Board has confirmed to BHP that it intends to unanimously recommend the Revised Proposal to OZL shareholders as being in the best interests of OZL shareholders in the absence of a superior proposal subject to the parties entering into a binding scheme implementation agreement (SIA) following completion of BHP’s confirmatory due diligence and an independent expert concluding that the Revised Proposal is in the best interests of OZL shareholders..

BHP Chair, Ken MacKenzie said: BHP’s proposal would provide value to BHP shareholders by increasing exposure to future facing commodities, attractive synergies and adding to our pipeline of growth options..

So it looks very much like we will have the weight/strength of BHP with us now, they do not come much bigger.. :o)

[laurence llewelyn binliner] 17/11/2022 10:44

The securities of OZ Minerals Limited (‘OZL’) will be placed in trading halt at the request of OZL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday 18 November 2022 or when the announcement is released to the market..

Hopefully we will find out this evening pre-market before the ASX opens..

BHP - 07.08.2022 - BHP has submitted a non-binding indicative proposal to the Board of OZL on 5 August 2022 to acquire 100% of the issued share capital in OZL by way of a scheme of arrangement (the Proposal). BHP’s Proposal to acquire all of OZL shares for cash consideration of AUD25.00 per share..

[the deacon] 17/11/2022 10:20

It could be, but it's widely accepted that BHP are back with a better offer

[cocopah] 17/11/2022 10:13

#LLB or could it be someone else other than BHP?

[laurence llewelyn binliner] 16/11/2022 17:08

#The Deacon, an interesting development there, BHP could have upped their offer after the West Musgrave FID and mine build going ahead.. :o)

14.11.2022 - West Musgrave Mixed Hydroxide Precipitate (MHP) Study demonstrates a successful pilot plant confirming the flowsheet using conventional technologies, Premium product with high nickel content and ultra-low impurities, potential to be significantly value accretive, NPV ~$250 – $460 million on capital of ~$310 million and IRR ~20% to 27%, progression to FS to be considered in parallel with potential strategic partner process (minority interest)..

[the deacon] 16/11/2022 17:03

https://www.mining.com/web/oz-minerals-shares-halted-pending-potential-control-change/

[laurence llewelyn binliner] 16/11/2022 14:24

The latest TA pennant is looking under pressure today, the trades are pretty small so far taking the candle down, a few 000 and some 00 too, possibly due to the Nickel pullback today, but support line is intact, next few days/week will be an interesting watch here.. :o)

The debt is reducing, and the next royalties are a work in progress..!

[the deacon] 14/11/2022 17:24

Interesting overview of the current status of Largohttps://capital10x.com/largo-3q-2022-results/

[laurence llewelyn binliner] 13/11/2022 13:38

#The Deacon from a TA slant, our share price has been forming a very nice pennant for the last month, and we could see an upside breakout very soon, we will have to see if the pattern repeats, but the last 3 I have charted here over 12 months did, and all bang on the support line.. :o)

[the deacon] 12/11/2022 09:09

Yes it's all seemingly falling into place. ECOR really will be the go-to vehicle for risk mitigated exposure to battery metals (esp nickel) going forwards. Piaui, West Musgrave and Voiseys Bay giving them an unrivalled nickel/nickel sulphide/cobalt portfolio. I fully expect this sort of exposure to garner the sorts of multiples that some of the larger precious metals players enjoy as the decade goes on. We know there's going to be a scramble for battery metals, and for ECOR (and us as shareholders) it's just a case of being patient.

[laurence llewelyn binliner] 12/11/2022 08:50

#The Deacon, 10.11.2022 - Q3 update on progress at BRN.. :o)

The bankable feasibility study was completed in the quarter showing attractive economics. Following completion of the study, BRN appointed London-based Rothschild and Company in August to advise and lead the fund-raising for full-scale financing.. (we know we have an option for USD70M to take our royalty to 4.25%), feasibility study issued to strategic advisers and potential full-scale financiers..

Operations are continuing to ramp up with the mine producing nickel grades higher than planned, in the downstream processing plant nickel products have continued to be produced at an increasing rate as we ramp up to full capacity, first sale of products is anticipated in the next few weeks..

Time lines are my best guess, but a year to close funding, a 2 year build, and 2026 for full scale production, just in time for our Kestrel income drop off..

West Musgrave income from 2024
Santo Domingo income from 2025
Full scale Piaui income from 2026

Net debt at H1-2022 USD50M
Net debt at Q3-2022 USD40M
Net debt at H1-2023 est -10M to scratch

[the deacon] 10/11/2022 12:41

More consolidation in the royalty and streaming sector announced today. Triple Flag acquiring Maverix Metals

[bountyhunter] 04/11/2022 19:20

Fair comments but I do like the strategic move away from coal to commodities required to support a sustainable future. That's worth a small growth premium.

I think the SW stuff is largely algorithm generated but not without value nonetheless.

📉 📊 📈

[cocopah] 04/11/2022 13:52

#bountyhunter I’ve challenged Simply Wallet on their analysis a few times and they have responded accepting some of my criticisms but their analysis is not the best and usually behind the curve. I do think their warning sign on income is a good point because without an accretive deal being done over the next six months or so I believe that income will dip before getting to the desired steady state $100m per year in 2025/26 so I am waiting to see what happens to the share price before buying any more. Very happy to hold on the fundamentals here and for the 7p dividend (would like to see this hit 8p in the near future).🤷205;♂️

[bountyhunter] 03/11/2022 13:56

With 63% institutional ownership, Ecora Resources PLC (LON:ECOR) is a favorite amongst the big guns

[dartboard1] 30/10/2022 18:14

Oh, read your first para, not the second

[dartboard1] 30/10/2022 17:54

Oz minerals latest quarterly says first concentrate for West Musgrave targeted for h2 2025, not 2024.

[laurence llewelyn binliner] 30/10/2022 17:09

APF | 12.07.2022 - a 2.0% NSR royalty on the West Musgrave copper and nickel project in Australia. Average annual production is expected to be 26,000 tonnes of nickel and 32,000 tonnes of copper with first production targeted as early as 2024. Portfolio contribution at steady state production is expected to be USD10-15M..

Oz minerals | 24.10.2022 - average annual production of 35,000 tpa nickel and 41,000 tpa copper is expected in the first five years and 28,000 tpa nickel and 35,000 tpa copper is expected over its 24-year operating life. First concentrate is targeted for the second half of 2025 aligned with the beginning of the forecast nickel market deficit..

Income | Copper at USD4.00/lb = USD7.25M | Nickel at USD10/lb = USD15.4M
Total USD 22.65M per year for the 1st 5 years less smelting fees @4.5% = cUSD21.5M

Incoa | the groups USD20M Incoa royalty tranche 2 funding we expect to make in early 2023..

Capstone | Mantos Blancos - following completion of the Debottle necking project, we expect to increase Mantos Blancos’ production to approximately 55,000 tonnes of copper in 2024..

The MB Phase II Expansion which would increase production at Mantos Blancos to over 80,000 tonnes of copper per year by 2025..

Piaui phase 2 royalty ramp up..

Now traded on the LSE, TSX and OTCQX..

Plenty of growth upsides coming our way to offset the Kestrel wind down from 2026 with acretive PF additions a work in progress... :o)

[dartboard1] 30/10/2022 15:53

Just listened to the West Musgrave webcast...looks promising and due for 2025 revenue so will help the Kestral wind down. Does anyone know if we have royalties on any future exploration at the site, or is it just the current one going into final investment approval now

[the deacon] 28/10/2022 11:36

Marc/ECOR have a couple of nominations for this year's Mines and Money Outstanding Achievement awards. Marc nominated in the 'Rising Star' category and also the 'Mining CEO of the Year' category. Event takes place on December 1st.