Keras Resources Share Discussion Threads

[citys2874] 28/8/2024 15:06

News incoming

[citys2874] 28/8/2024 15:06

"The move to Delta has been a significant shift in our operating model, we look forward to settling into our new facility, optimising operations and growing our sales without the distractions we've experienced to date, and delivering profitability to our shareholders. We look forward to announcing our output and profitability forecasts during the coming weeks." SEE THE LAST RNS

[citys2874] 28/8/2024 14:36

Blakesmith you drunk again....looks like your wife is not giving you any, i don't blame her with the language you use on here, grow up and learn how to speak or write without the use of foul language......change your ways ....anger, jealousy and hate is not good for you .....learn to love and let go!!

[citys2874] 28/8/2024 12:48

UP 5 PERCENT NOW

[citys2874] 28/8/2024 10:17

could well double quite easily over the next few days

[citys2874] 28/8/2024 10:16

worth buying today output and profitability forecasts due any day now

[theoriginalwonderstuff] 27/8/2024 14:50

Here we go again... The drift down...

[theoriginalwonderstuff] 14/8/2024 22:39

What news are you expecting?

[theoriginalwonderstuff] 14/8/2024 22:38

What news are you expecting?

[citys2874] 13/8/2024 08:27

news due in any day now

[citys2874] 13/8/2024 08:26

expect this to bag easily very soon

[apotheki] 02/8/2024 10:47

SP Angel . Morning View .

Keras Resources* (KRS LN) – 4.00p, Mkt cap £3.22m – Keras starts commercial production of PhoSul® organic phosphate fertilizer granules in Utah, USA

(Keras holds 100% of the Diamond Creek phosphate mine in Utah, USA)

We are publishing an amended comment on Keras as the jv with Phosul plans to sell 3,500-4,000t of PhoSul® this year and not 10,000t which the jv could, in theory produce

Keras Resources reports the start of commercial production of PhoSul® granules at its Integrated Delta processing facility in Utah.

The Phosul joint venture expects to produce somewhere between 3,500-4,000t of PhoSul® this year and not 10,000t which the jv could, in theory produce.

Revenue: The jv could, in theory, sell $24.7m - $30,7m of product next season but if we assume $1/kg for bulk sales then the Keras jv could sell $7.7-8.8m of product this year.

The plant has moved to commercial production after some optimisation and certain upgrades to achieve consistent production with support from contractor Burningham Enterprises Group and jv partner PhoSul LLC.

PhoSul® solves Phosphorous run-off and water resource contamination and has been developed to improve P2O5 availability to crops with field tests showing significant yield and quality improvements over other rock phosphate products.

The joint venture plans to produce between 8,000-10,000t this summer with Keras’ mine selling rock phosphate to the jv building up to steady-state sales of approximately 10,500tpa in addition to internal sales of approximately 6,500tpa.

Phosul® consists of 80% of 50 mesh ore from Keras’ Falcon Isle Diamond Creek mine therefore 10,500t could produce 13,125t of Phosul® assuming no losses.

Plant capacity: 5tph with a 520t/month running a single shift operation.

Double shift capacity ~ 920tpm of saleable bulk Phosul® granules expected in Q4.

The Phosul jv should consume ~10,500tpa of 50 mesh phosphate when running at steady state.

Keras plans to mine somewhere between 8-10,000t of rock phosphate this summer to cover the Phosul® granulator feed and Keras’s own sales through May/June 2025 though around half of this will go to Keras’ own sales and not into the Phosul joint venture.

Note: Keras’ Diamond Creek can produce ~25,000tpa of rock phosphate enabling potential to potentially move to higher production of Phosul®.

Pricing: Phosul® granules are currently quoted at $40 for a 25lb bag on Walmart or $70 / 50lb bag on ebay in the US (equates to US$3,086/t at $70/50lb bag) with PhoSul LLC producing bagged products for the retail market from their Sugar City, Idaho plant.

The jv will only produce a bulk Phosul® product in the short-term implying a lower price per kg and not bagged product for the retail.

The hxxps://www.phosul.com/ website highlights a 2020 crop study:

“The control plot (no fertilizer added) yielded 6.47 t/ac (fresh weight) and 3.78 t/ac dry weight, while Phosul yielded (on average) 18.64 t/ac (fresh weight) and 11.80 t/ac dry weight.

An increase of 12.17 t/ac (wet) and 8.02 t/ac (dry) was realized in this field.

At $125/ton, a return of $821/ac (gain – product cost @500 lbs/ac) makes Phosul a great investment!

The producer plans to re-apply Phosul after his first cutting.”

Stockpile: ~4,250tons of 50 mesh product which will cover the operation through 2024 with all mining and crushing costs already expensed.

The jv will build a stockpile of PhoSul® at the Delta Facility.

“Organic granulation requires a very specific formula and the blending of the PhoSul® ingredients in the design ratio, supplemented with moisture, an organic binder and a dust control agent in the overall product blend has been a challenging process which we will continue to optimise with strong support from our PhoSul LLC JV colleagues.

An important part of our transition to sales will include moisture and hardness testing as well as 240 size guide number ("SGN") analysis on an ongoing basis.

Our intention is to produce 240SGN product in bulk in the short-to medium-term, with the option to produce 1 ton bags should demand dictate.”

Power: Connection to 3-phase power will replace 600kW of diesel generation as soon as is practicably possible reducing power costs and CO2 emissions.

Manganese: we await news on the restart of the Nayéga manganese mine by the government of Togo where Keras holds a 1.5% royalty advisory fee plus 6.0% of gross revenue from the mine over the lesser of 3.5 years or 900,000t of beneficiated manganese ore sold..

The deal with the Togo government should give nearly $0.9m a year at a price of $3.5/dmt for manganese and production of 7,480tpa equating to some $2.6m over three years.

Manganese ore prices for 38%min FOB South Africa jumped in July to $4.07-4.22/dmtu from 3.47-3.62/dmtu at end June.

Note Manganese concentrates are subject to a 25% import tariff into China from this year.

The recent jump in manganese prices should be good for Keras assuming the government of Togo starts production from the Nayéga manganese mine.

*SP Angel acts as nomad and broker to Keras

[jon389] 01/8/2024 17:29

good performance but surprised 5p wasn't reached at close given the excellent potential

[pinecone] 01/8/2024 17:06

Obviously not me ( S P ) not share price!
PC

[jon389] 01/8/2024 16:46

well spotted

[pinecone] 01/8/2024 16:39

Togo!

And still they repeat the wrong figure, cutting and pasting is not good enough for senior executives being paid good money!

We expect the production to be around the 7480 tonnes per month ……. NOT 7480 tpa ( as shown in the announcement from share price Angel)!

What a shambles they are!

Don’t people proofread these days?

PC

[citys2874] 01/8/2024 14:57

NUMBER 1 ON THE LEADERBOARD ....SHOULD FINISH TOP

[apotheki] 01/8/2024 14:38

SP Angel . Morning View .

Keras Resources* (KRS LN) – Mkt cap £3.7m – Keras starts commercial production of PhoSul® organic phosphate fertilizer granules in Utah, USA

(Keras holds 100% of the Diamond Creek phosphate mine in Utah, USA)

Keras Resources reports the start of commercial production of PhoSul® granules at its Integrated Delta processing facility in Utah.

The plant has moved to commercial production after some optimisation and certain upgrades to achieve consistent production with support from contractor contractor Burningham Enterprises Group and jv partner PhoSul LLC.

PhoSul® solves Phosphorous run-off and water resource contamination and has been developed to improve P2O5 availability to crops with field tests showing significant yield and quality improvements over other rock phosphate products.

The joint venture plans to produce between 8,000-10,000t this summer with Keras’ mine selling rock phosphate to the jv building up to steady-state sales of approximately 10,500tpa in addition to internal sales of approximately 6,500tpa.

Phosul® consists of 80% of 50 mesh ore from Keras’ Falcon Isle Diamond Creek mine.

Plant capacity: 5tph with a 520t/month running a single shift operation.

Double shift capacity ~ 920tpm of saleable bulk Phosul® granules expected in Q4.

The Phosul jv should consume ~10,500tpa of 50 mesh phosphate when running at steady state.

Keras’ Diamond Creek can produce ~25,000tpa of rock phosphate.

Pricing: Phosul® granules are currently quoted at $40 for a 25lb bag on Walmart or $70 / 50lb bag on ebay in the US (equates to US$3,086/t at $70/50lb bag)

Revenue: The jv could sell $24.7m - $30.7m of product this season.

The hxxps://www.phosul.com/ website highlights a 2020 crop study:

“The control plot (no fertilizer added) yielded 6.47 t/ac (fresh weight) and 3.78 t/ac dry weight, while Phosul yielded (on average) 18.64 t/ac (fresh weight) and 11.80 t/ac dry weight.

An increase of 12.17 t/ac (wet) and 8.02 t/ac (dry) was realized in this field.

At $125/ton, a return of $821/ac (gain – product cost @500 lbs/ac) makes Phosul a great investment!

The producer plans to re-apply Phosul after his first cutting.”

Stockpile: ~4,250tons of 50 mesh product which will cover the operation through 2024 with all mining and crushing costs already expensed.

The jv will build a stockpile of PhoSul® at the Delta Facility.

“Organic granulation requires a very specific formula and the blending of the PhoSul® ingredients in the design ratio, supplemented with moisture, an organic binder and a dust control agent in the overall product blend has been a challenging process which we will continue to optimise with strong support from our PhoSul LLC JV colleagues.

An important part of our transition to sales will include moisture and hardness testing as well as 240 size guide number ("SGN") analysis on an ongoing basis.

Our intention is to produce 240SGN product in bulk in the short-to medium-term, with the option to produce 1 ton bags should demand dictate.”

Power: Connection to 3-phase power will replace 600kW of diesel generation as soon as is practicably possible reducing power costs and CO2 emissions.

Manganese: we await news on the restart of the Nayéga manganese mine by the government of Togo where Keras holds a 1.5% royalty advisory fee plus 6.0% of gross revenue from the mine over the lesser of 3.5 years or 900,000t of beneficiated manganese ore sold..

The deal with the Togo government should give nearly $0.9m a year at a price of $3.5/dmt for manganese and production of 7,480tpa equating to some $2.6m over three years.

Manganese ore prices for 38%min FOB South Africa jumped in July to $4.07-4.22/dmtu from 3.47-3.62/dmtu at end June. Note Manganese concentrates are subject to a 25% import tariff into China from this year.

The recent jump in manganese prices should be good for Keras assuming the government of Togo starts production from the Nayéga manganese mine.

*SP Angel acts as nomad and broker to Keras

[apotheki] 01/8/2024 14:34

Hybridan Small Cap Feast: 01/08/2024

Keras Resources - (KRS.L)

The owner of the Diamond Creek organic phosphate mine in Utah, US announces the commencement of commercial production of PhoSul granules at its Integrated Delta Processing facility, Utah. Several upgrades and optimisations were implemented progressing from hot commissioning to commercial production, with the contractor Burningham Enterprises Group operating on a single shift basis to maintain and improve upon nameplate saleable product output of 5 tons per hour. This milestone was achieved materially smoother with on-site input from the Company's joint venture (JV) partners PhoSul LLC. The JV will spend the coming months operating on a single shift basis ironing out early production improvements, progressing to double shift operations during the fourth quarter of 2024 and progressively to continuous operations during the first quarter of 2025.

[jon389] 01/8/2024 13:43

People too impatient who can't see the value ! The small number of shares and small market cap plus anticipation of good profits in a few weeks in the rns signposted will get this moving in next few days !

[professoraim] 01/8/2024 13:41

Angs rumours Get in

[jon389] 01/8/2024 13:40

tomorrow hopefully

[citys2874] 01/8/2024 13:15

should start to rally and hit new highs today

[citys2874] 01/8/2024 09:58

buys outstripping sells could really rally big time this afternoon