Keras Resources Share Discussion Threads

[novicetrade68] 11/10/2018 23:47

Could trigger a bounce in Oz tonight and perhaps tomorrow here at KRS as well, all near surface again.

[andylee3] 11/10/2018 15:41

Broker note....

www.kerasplc.com/wp-content/uploads/KERAS_NOTE_10_October.pdf

[zhockey] 11/10/2018 15:08

Andy I have always been positive on Togo.

[andylee3] 11/10/2018 15:07

Good to see you taken some ‘positive̵7; pills today Zhockey :-)

[zhockey] 11/10/2018 13:04

A pretty good valuation base case. Now the market has to take note.

Very interesting detail on the project economics, so 60000T per annum is achievable with the plant they have acquired for the bulk sampling. At that rate alone should generate significant incomes.

[cpap man] 11/10/2018 11:20

Keras Resources* (KRS LN) . Manganese production in Togo



Keras Resources* (KRS LN) 0.325p, mkt cap £7.6m - Manganese production in Togo

BUY, Target price 1.04p

CLICK FOR FULL NOTE PDF

Introduction

Keras is an exploration and development company with assets in Togo and W. Australia

In Togo; Keras plans to produce a particularly clean manganese ore with a fully funded, 10,000t bulk sample due to start soon. Much of the equipment is already in place ready for mining with trucks due to take material from Nayega to a deep-water port to the south. Keras is targeting manganese production of 250,000tpa of 38% lump and fines.

Keras also holds 100% of the Kamina Cobalt & Nickel project in Togo.

In Australia; Keras holds 35% of Calidus, a gold exploration company with a JORC resource at Warrawoona of 712,000oz JORC gold grading 2.11 g/t. Calidus’ market capitalisation is around A$38m valuing Keras’ stake at some A$13.3m (£9.4m) or substantially more in the case of a takeover or mine development event.

Keras are currently producing a 10,000t bulk sample of manganese ore starting with a small scale mining operation to de-risk before scaling up to a potential 250,000tpa.

Key points:

Keras has invested in plant and equipment that would enable them is to start mining 4mt of surface Detrital and Laterite Reserves on a small-scale basis separating manganese nodules and fragments to simply enable the processing of a cleaner Manganese oxide.

The acquired plant has the capacity to produce approximately 6,000tpm of 35% manganese ore to be fed by a small-scale contract mining operation. The $1.76m mining and instillation cost of plant and equipment is being paid for by a major producer of manganese-based alloys to assess the quality of ore for smelting.

Testwork indicates the ore is amenable to pre-concentration by simple screening and scrubbing. Mining and processing of the near surface ores should give sufficient material to de-risk the project and to enable the financing of a larger operation on receipt of full mining permits. DMS testwork indicates recoveries of >90% of the Mn from rejecting 50-60% of the mass feed. Appropriate Process Technologies (APT) based in Joburg will start commissioning of the 20t per hour scrubber plant at the beginning of November.

Togo-based, Carriere Mines Travaux Public (CMTP) are providing the mining & screening equipment for the bulk sampling operation and logistics between Nayega and Port Lomé.
Full scale mining should use the same infrastructure as the bulk sample process enabling a seamless transition into larger scale mining when permits are received.
New generation NMC batteries need sustained production of high-purity Mn sulphate sourced from high-grade Mn ore or Electrolytic Mn Metal. The push to secure battery material is impacting Mn chemical markets driving a rally in prices from the end of 2017.

The full-scale production target of 250,000tpa is based on metallurgical testwork and this will be tightened up during the bulk sample process and therefore is likely to change.

Valuation: we value the manganese business on its current small-scale mining plan at £11.7m or 0.52p/s. Keras’ stake in Calidus is worth A$16.5m or 0.52p/s. The two businesses together indicate a value of 1.04p/s not including any value for the Kamina cobalt and nickel in Togo.

*SP Angel act as Nomad and broker to Keras Resources

[zhockey] 09/10/2018 16:00

Let's hope so.

[chirpy cheep] 09/10/2018 13:01

zhockey...........or it could quickly recoup its losses!

[zhockey] 08/10/2018 17:35

With such illiquidity this could go stupid low.

[andrewhbruce] 07/10/2018 16:33

RS
It would be good if you can attend, we all appreciate your excellent posts. I’m away unfortunately.
AB

[zhockey] 03/10/2018 22:30

Looks like RS picked up another mil today :)

[andylee3] 30/9/2018 09:10

Dave Reeves recent interview...

[zhockey] 27/9/2018 14:17

I was looking on the LSE site, perhaps it's not reliable.

Yes, I meant 0.2p

[andylee3] 27/9/2018 14:10

Zhockey, as you can see more people are buying into the news.

But, as usual, you have your ‘glass half empty’ hat on.

Why mention the selling and not the buying and give a balanced view?

You clearly have an agenda.

Also 0.02p?

At least get your decimal point in the right place.

[andylee3] 27/9/2018 14:05

NEX trades today...

27/09/2018 10:23 138,890 0.36 Buy
27/09/2018 08:24 345,893 0.36 Buy
27/09/2018 08:15 65,973 0.36 Buy
27/09/2018 08:13 617,647 0.35 Sell
27/09/2018 08:01 907,622 0.368 Buy

LSE trades today...


Time Price Qty
13:50 0.36 28611 Buy
12:53 0.35 150000 Buy
10:37 0.33 907622 Sell
09:49 0.3551 1925 Buy

[zhockey] 27/9/2018 13:11

And very predictable someone here is selling into the news as well.

I guess that the Togo progress is keeping this from sinking sub .02p

[zhockey] 27/9/2018 08:16

Well the Ozzies aren't buying it?

[andylee3] 27/9/2018 07:30

Article in published in ‘The Western Australian’ highlighting the latest calidus Copenhagen drill results....

www.thewest.com.au/business/public-companies/calidus-hits-10m-128gt-gold-in-pilbara-ng-b88973916z

[zhockey] 25/9/2018 13:05

This looks headed to new lows?

[andylee3] 25/9/2018 10:34

Video of DR presenting at precious metals summit.....

www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/22/calidus-resources-limited/play/stream/26015

[andylee3] 22/9/2018 08:18

Article in Togo First....

www.togofirst.com/en/mining/1909-1632-keras-resources-discovers-new-outcropping-mineralisation-at-nayega-project?auid=2213

[zhockey] 20/9/2018 18:35

Nice interview.

[andylee3] 20/9/2018 14:31

Russell Lamming interview on Vox Markets....



Starts at around 49 mins in.