Metal Tiger Share Discussion Threads

[andy] 28/4/2020 22:28

Grant,

I agree, Southern Gold looks a far better bet at 50% of the BMV market cap as an equal partner, PLUS all their other exploration prospects in Korea.

[uknighted] 28/4/2020 08:21

RNS further Cobre update.

[grantstevens] 26/4/2020 15:45

Agree SAU 1/2 the mcap of BMV, 49% production from owned by SAU (if it occurs) and all the upside from the huge exploration land. I think SAU will be a cracker for MTR. Exploration news will be quite regular as well

[cbeadle] 26/4/2020 13:55

Southern Gold’s partner Bluebird Merchant Ventures is flying on the hope of starting Gold production in South Korea. It could bode well for MTR if the price for Southern Gold decides to play catch up

[uknighted] 22/4/2020 08:01

RNS.

Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented:


"We are pleased with these very positive results for Cobre, which demonstrate the potential being unearthed at the Perrinvale Project. We are pleased to see correlation with existing models, demonstrating increased potential across the existing licence area and we are delighted to note the identification of the new Lago Rame Gossan prospect. We look forward to further results in due course as the exploration programme continues."

[grantstevens] 21/4/2020 08:41

I think it’s quite hard for investors to understand the NSR. This isn’t like investors looking at potential numbers of the value of in ground metal and relating to share price. This is real and won’t cost anything for MTR to get -no exploration or production budget.
So there will be value before production, royalty companies try and get these early, but the closer to production the more value.
Michael in proactive interview uses 5% discount which I assume drops off when in production.
So let’s assume the A4 deposit is the same size as T3. Currently Argonaut note say just on holes we have so far it looks 180kt contained Cu. From EM and new zone found however, and the fact we are dealing with higher grade Cu just the A4 area looks like it will be 2-3x bigger than T3.
T3 conservative reserves ( not inferred resources ) are about 350kt of contained Cu. That will change if SFR has been upgrading resource in time to review the DFS.
So let’s say 7000USD/t for the Cu and silver blend
350kt * 7000 = 2,450,000,000 usd
5% discount
2% NSR
USD 46,550,000 to MTR on equivalent to T3 resource.
Multiples as bigger.
Now there are some costs that have to come off for the final NSR figure- transportation, insurance etc but you get the general picture.

So the NSR is dependant ( unless bought out early by royalty Co) on SFR going into production and making decision to mine- well the economics were pretty good before, they are looking even better now satellite deposits will feed into T3. SFR say in interview that they are looking at moving the modular processor to 5.2mtpa. This will all come out in the new DFS.
SFR need production before Degrussa ends.
Will they get mining licence - well that’s the big one but the Bots gov have been very supportive, SFR in the Q&A say much simpler process than Black Butte, and v supportive. But that’s one of the reasons you put on the 5% discount.

This is before we even look beyond A4 and of course the KML 2% NSR but clearly KML needs more work but I hope has been informed by the new methodology of SFR EM reinterpretation

[dreamtwister] 18/4/2020 13:51

usefull link for a quick reference,click on the commodity & a graph/live price will

be presented,



back to the shed with youtube to learn how to electroplate copper surfaces to

defeat cv19....lol



above link courtesy...chrisjparrish

[charaxes1] 18/4/2020 13:34

Hi Dreamtwister, Agreed. I opened an ETF account last year for exactly the same commodities. Copper looks to be a very interesting bet at the moment with production well down due to the lockdown. The Chinese will be running down their inventories and at some point there will be a release of pent up demand.

[dreamtwister] 18/4/2020 12:53

Totaly agree with your post Charaxes1..The...Past...Is...The..Past.

sprott backing mtr was good enough for me @ 3pps

the recent jv with southern gold has now brought another wealthy investor

substantial shareholder Ilwella increases stake to 12.26%....." southern gold !

i have recently opened a Etfs account to buy copper/silver commodities.

copper will be the jewel in the crown in reflection to the green revolution & where gold travels

silver follows.!

so that leaves mtr to do what it is going to do.....stay safe out there...atb

[charaxes1] 18/4/2020 12:21

Hi Dreamtwister, unfortunately this is AIM. Pretty much the only way to finance the business was through placings/capital raises. The past is the past. MTR is now a very different beast. The company has an ISDA Master Agreement secured on SFR shares with a major International Bank. This collar facility is almost unique for an AIM listed company. This was made possible by the sale of MOD and the JV for liquid SFR shares. Once A4 has been designated a resource then a value can be placed on the 2%NSR. That will be the game changer in my opinion. Once A4 goes into production there will be a revenue stream from the Royalty plus a significant royalty value increase using an appropriate DCF. This value will get bigger as the resources are proved up. Then if KML hits something similar to A4 then happy days as MTR hold a 2% Royalty over their concessions. I feel that the hidden value within MTR is about to be unlocked. Hopefully the current share price will become a distant memory!

[dreamtwister] 17/4/2020 19:31

courtesy of crisjparrish.

[charaxes1] 17/4/2020 18:49

Many thanks for the links dreamtwister. The SFR webcast today was well worth listening to. The Q&A especially interesting as quite a few questions on Botswana. The message on the value of the future potential of our NSR is beginning to get through.

[charaxes1] 17/4/2020 11:34

Agreed a lot very good RNS! I agree with you on the NSR. This is the hidden value that Simon Thompson of the Investors Chronicle alluded to in his article on MTR. If A4 gets developed into a mine then the NSR will not only develop an income stream for MTR but a significant embedded vale!

I also like this statement. This makes our investment in KML look increasingly valuable.


“Sandfire̵7;s A4 drilling results from Tshukudu are very encouraging and we look forward to drilling resuming in Botswana, both for Sandfire and Kalahari Metals. Kalahari Metals, in which Metal Tiger has a 62.2% interest, has tenements located near T3 and A4 and we believe to be in the right stratigraphy.

[supercity] 17/4/2020 10:53

Nice rns - obviously not spotted yet-We note Sandfire is working towards a maiden resource for A4 and, should this be delivered, as well as the results of wider exploration drilling by Sandfire, particularly over tenements which are subject to our Royalty, this would likely have a material impact on the valuation of the Royalty.

[charaxes1] 16/4/2020 18:49

Dreamtwister at some point the market will value MTR. As I see it the catalyst will be the drill results on Sandfire’s drill at A4 in Botswana. MTR hold a 2% NSR over Sandfire’s holding ex T3 which has a capped $2m. Once we get an inferred value on A4 then we can start to put a value to the 2% NSR. The hidden value! Also results of drill assays from Southern Gold could be interesting.