Metminco Share Discussion Threads

[tomboyb] 18/10/2017 09:01

I hold GGP as well -

MNC with all sustaining costs of $643 Au per ounces is is pretty good -

LOM all-in sustaining costs have been estimated at US$643/oz, which would position Miraflores in the first cost quartile of gold operations globally.

First Quartile Globally -

[drmaccers] 18/10/2017 08:47

Cross ramp on ggp to get some cash here. It's mental the gap between the two

[flavio_monteiro] 18/10/2017 08:41

Have added today...Everyone focused on GGP. Profits will flow into this.

[jungmana] 18/10/2017 08:30

Agreed. Will add if I get 4p :-)

[tomboyb] 18/10/2017 08:29

Now capped at below 5mill -

I think you have to let the market play out and pick up when sellers have cleared - #

3mill+ in cash and a FS done on a 45k gold ounce project -

[tomboyb] 18/10/2017 08:11

Yep -

Moved up to 8c on the ASX -

5 MILL cap looks ridiculous -

[sleveen] 18/10/2017 08:10

I couldn't see where it said that MNC have a project loan to fund this little lot.

[jungmana] 18/10/2017 08:02

Tomboy - the rns was released just 5 mins before the Oz market closed. Bet you most traders had already packed up for the day.
Bring on the rerate

[jungmana] 18/10/2017 07:58

must also note this;

The Miraflores Feasibility Study did not take into account any upside that may result from exploration at the nearby Chuscal and Tesorito prospects, where the focus is on defining more resources in high-grade vein systems that could also be mined using underground methods.

[tomboyb] 18/10/2017 07:53

Very late RNS on the ASX so apart from the late buys I don't think they has time to digest it -

The broker note did mention around 45,000 ounces per annum -

So that is no surprise -

[jungmana] 18/10/2017 07:52

is crazy that MNC is at just £5m market cap(with £3m+ in cash). £20m to £30m market cap would be about reasonable right now. the big neighbours will be looking after this FS rns.

[tomboyb] 18/10/2017 07:50

Yeah I saw that Jungmana -


LOM cash operating costs have been estimated at US$599/oz, while LOM all-in sustaining costs have been estimated at US$643/oz, which would position Miraflores in the first cost quartile of gold operations globally.


Looks fairly compelling -

Compare that with our market cap and over 3.5mill in cash -

[the stigologist] 18/10/2017 07:49

Bit disappointed to be honest.

NPV is done at 8% when it should be done at 10% at really.

Even at 8% investing $70m odd for a long term risky return of $150m doesn't seem that great

[2prsimo] 18/10/2017 07:49

Is this news priced in?

[jungmana] 18/10/2017 07:47

fantastic;
LOM cash operating costs have been estimated at US$599/oz, while LOM all-in sustaining costs have been estimated at US$643/oz, which would position Miraflores in the first cost quartile of gold operations globally.
Applying a US$1300 gold price, which was used for all base-case financial modelling in the Feasibility Study, Miraflores delivers LOM free cash flow of US$150 million, a Net Present Value at an 8% discount rate of US$72.3 million and an Internal Rate of Return of 25% (all measures are on an after-tax basis).

[tomboyb] 18/10/2017 07:42

Ore Reserve for Miraflores of 4.326Mt grading 3.29g/t gold for 456,000 contained ounces -

an average of approximately 45,000 ounces of gold and 22,600 ounces of silver per year

The Miraflores Feasibility Study did not take into account any upside that may result from exploration at the nearby Chuscal and Tesorito prospects, where the focus is on defining more resources in high-grade vein systems that could also be mined using underground methods.

A separate announcement including further details relating to the findings from the Feasibility Study will be released in due course.

So we are expecting further RNSs -

[jungmana] 18/10/2017 07:38

And add the silver to that :-)

[tomboyb] 18/10/2017 07:36

Morning -

For a 5 mill cap and potentially early producer some significant upside here -

FS shows 45k ounces per annum production -

[ryan83] 18/10/2017 07:30

MNC finally doing what they are supposed to

[jungmana] 18/10/2017 07:25

Reading through now. Fantastic 2 rns to wake up to

[ryan83] 18/10/2017 07:24

So 2 x RNS plus more news coming

[ryan83] 18/10/2017 07:07

Wakey wakey

[tomboyb] 17/10/2017 21:04

We are only capped at around 5millish and near term possibility of 50k ounces per annum -

Look where the Quinchia Gold Portfolio is located -

Near the Marmato Mine which has a massive 14.4mill onz and La Colosa Deposit which has a gigantic 28,8mill oz deposit -

If they get the FS (as we await) they they may be able to prove up the portfollio to 10 million ounces!