Metal Tiger Share Discussion Threads

[grantstevens] 27/11/2020 13:06

Kaos. This were some calcs I made on NSR that I posted. This was quite a few months ago with less holes than the grid will have

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.

[grantstevens] 27/11/2020 13:02

Yes a baseline for NSR (via the initial MRE) next week; I would imagine based on the 50x50m grid. This will become obsolete pretty fast if any further finds beyond or under the grid.

[uknighted] 27/11/2020 11:41

Another RNS. Sandfire update.

[kaos3] 27/11/2020 11:35

thank you owenga - but anyway - are NPV and NSR close enough figures for our rough net royalty calc?

[owenga] 27/11/2020 11:24

We are limited to $2m on T3 Kaos3. Unlimited for rest of area including A4. That's why we are waiting for A4 maiden resource.

[owenga] 27/11/2020 11:23

Not long now, once we can calculate a sensible royalty valuation MTR should re rate. Really should push it into the 30s.

[grantstevens] 27/11/2020 10:55

Yes next week as per SFR AGM and also t3 DFS next week

[owenga] 27/11/2020 10:23

Are we still waiting for A4 maiden resource?

[kaos3] 27/11/2020 06:59

we did not get T3 final economics from Sandfire

but from NPV of the known feasibility I did calculate 6,9 million GBP worth of NSR to MTR

A4 is far far away

Estimated LOM revenue of US$2.3 billion and EBITDA of US$1.1 billion • NPV (pre-tax) of US$368 million and an IRR of 33%. Long term US3.08/lb Cu and 8% real discount rate• Pre-tax free cashflows of US$777 million, inclusive of development capital• Payback 3.7 years from production start• LOM All-In Sustaining costs (AISC) of US$1.56/lb Cu after deducting silver credits

368US/1.33 FX x 0,025 NSR = 6,9 mil GBP

a Q: what is the difference of NSR and NPV

they are close - are they not?

[trawl] 26/11/2020 09:14

more shares in thor sold by mtr
5% around 23rd oct
another 1% announced this am
thats about 900k

[kaos3] 18/11/2020 20:18

sandfire presentation

[uknighted] 18/11/2020 14:05

Healthy rise today.

[grantstevens] 18/11/2020 11:29

Owenga and Charaxes, I am expecting before the AGM next Friday. He would want this news out there before that. It’s a guess though but would fit with timescale in video presentation.

[owenga] 18/11/2020 11:15

Completely agree Char, and ceo said in a presentation that we should have an updated PFS for T3 and A4 maiden resource in next few weeks. Can't wait.

[charaxes1] 17/11/2020 16:16

Correct Grant. The 2% NSR will not have been included in the NAV calculation. Once a resource is declared at A4 (imminent) and with further drill success sky’s the limit when it comes to valuing the NSR!!! I expect the next few years will transform the embedded value of MTR.

[grantstevens] 17/11/2020 15:40

The NAV wont include the NSR which will likely be the most valuable part of the business. Listening to the resource rising star and Africa down under Sandfire presentations, from the last few days on Youtube. Karl is clear that the DFS, maiden resource for A4 including the wider exploration areas will be released in the next 2 weeks. This will give baseline value for the 2% uncapped NSR. Work out your NAV then.

[dekle] 17/11/2020 15:24

Having held these for many years I sold out at 24p expecting the price to fall but it has held up reasonably well. I sold because it was at such a premium to NAV as per their interim results. Does anyone have a clue what the current NAV might be?

[trawl] 09/11/2020 20:06

mtr put 146k into pan global on 21 7 20 at 18 cent
it tripled in price will be surprised if they have not sold half

[trawl] 23/10/2020 12:39

only down from 13.3% to 7.8% and about 25mil warrants at about .5p
a profit and a free ride on the balance i think

[charaxes1] 23/10/2020 12:25

They should still have a large holding of warrants. Perhaps buying SFR in anticipation of MRR announcement?

[trawl] 23/10/2020 12:02

I note metal has sold a chunk of thor at a nice profit

[uknighted] 23/10/2020 11:13

RNS

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that it has subscribed for 2,678,572 new ordinary shares in Predictive Discovery Limited ("Predictive") (ASX:PDI), at a price of A$0.056 per share, for a total investment of A$150,000, as part of a placing of A$10.6 million (gross) announced by Predictive on 23 October 2020 (the "Placing").


Following completion of the Placing, Metal Tiger will be interested in 2,678,572 Predictive shares representing approximately 0.3% of Predictive's then issued share capital.


Predictive is a West African focused gold explorer with a large portfolio of 100%-owned and joint venture gold projects located across West Africa. Predictive has recently started the second phase of its drilling programme at its flagship Bankan Project in Guinea's Siguiri Basin. The Bankan Project comprises the NE Bankan Prospect, a 1.6km long auger gold trend, Bankan Creek, a second prospect, located 3km southwest of NE Bankan along with several more power auger defined prospects on the Kaninko and Saman permits. Some of the notable drill results at the Bankan Project have included 46m @ 6.6g/t Au, 78m @ 2.6g/t Au and 55m @ 2.9g/t Au.


For the financial year ended 30 June 2020, Predictive reported a net loss of A$2.35 million and, as at 30 June 2020, had net assets of A$12.85 million.

[trawl] 21/10/2020 19:03

peculiar going on at pan asia
trading halt
directors were going to put an asset into the company
asx basically said no
back trading

[dreamtwister] 18/10/2020 10:52

diggers & dealers sandfire presentation..17/10/2020