Metminco Share Discussion Threads

[tomboyb] 19/10/2017 08:13

Morning -

Thanks for that Count

We await further news next week -

[the count of monte_cristo] 19/10/2017 08:10

Most gold companies use this rate...

NPV at start of production (8% real discount rate)

[the stigologist] 19/10/2017 08:08

A bit tone-deaf or deliberately disingenuous ? to blame the market when you put out economic case based on 8% discount rate

[owenga] 19/10/2017 08:05

So are we still waiting for the FS?

[christy41] 19/10/2017 07:59

Thanks Count,much appreciated.

[barneygumble27] 19/10/2017 07:14

Thanks tcomc for sharing that sounds promising after a disappointing day yesterday after the great fs news and the share price drops.

[the count of monte_cristo] 19/10/2017 04:50

Reply from WH to my email in regards funding, presentations and next steps. Road show in HK, maybe Chinese funding potential?!

"I am working on a technical release should go out early next week. Started roadshowing in Hong Kong over the last few days major push now to get this funded, many leads. Next step is EIA application by year end with financing ahead of EIA approval subject to permit.

Normal market reaction these days but we will get there".

[bones] 18/10/2017 23:38

Christy41, thanks for your helpful information.

[tomboyb] 18/10/2017 23:32

There will be further info detailing the FS -

That will be in a separate RNS -

Someone could now technically just take out MNC now the FS is done -

A few outstandings here then this is in play -

[barneygumble27] 18/10/2017 21:37

We look forward to releasing the results of the Feasibility Study later today which will demonstrate that this is an economically robust project." So fs results still to come?

[christy41] 18/10/2017 21:31

Bones,it probably relates in part to issues like Red Eagle encountered.They had to halt production and build a paste back fill plant.Cost 3 million dollars but unfortunately loss of revenue for quite a few months.Production back online by the end of the year.One of the benefits for us in hopefully being a fast follower in learning from others.Quite a few interviews from Ian Slater on YouTube on the subject and news release in July.

[tomboyb] 18/10/2017 20:54

Broker note today mentioned further RNSs on the DFS -

So there is further news in the pipeline -

Now off to watch the apprentice -

[bones] 18/10/2017 20:16

Maybe some were put off by:"Further analysis and test work is recommended for the stope filling sequence and stability analysis prior to any decision to commence with the project construction."I am not an expert about the size of such a task or how critical it is in the process.

[chesycustard] 18/10/2017 16:42

Count excuse my ignorance, my understanding was neither of those RNS's, released at the same time this morning, were actually the FS. We are still due it. Hence the note "derived from the Feasibility Study (FS) for Miraflores, which will be released to the ASX today" they are therefore late with it now.Or was one of those actually supposed to be the FS?

[the count of monte_cristo] 18/10/2017 15:50

Nice rise on Vast, this is the type of rise we will see here as MNC moves forward and progresses the mine.

The two updates were good, moving forwards. Lowest quartile gold producer, for 45k oz p/a and 22.6k oz of silver, nice!

At a capital cost of $72m it's financeable as well, no doubt some mining companies will be taking a very close look at todays announcements. Pardon the pun, but they have a gold mine on a silver platter ready for them:))

[tomboyb] 18/10/2017 12:34

Thks abc -

I did take a look at OMI -

Huge gold potential in Columbia and you can see why majors are investing in that area -

[abc125] 18/10/2017 12:14

Interesting little company. Definitely worth keeping an eye on. Columbia is turning out to be quite a prolific gold district and its in a safe jurisdiction too. omi have just started a 15,000 metre drill progamme in Columbia as well.

[tomboyb] 18/10/2017 11:03

15k max at 4.25p -

Very tight again and hardly any stock at these levels whilst the RNSs are digested -

[tomboyb] 18/10/2017 10:31

its just the start jungmana -

[jungmana] 18/10/2017 10:27

Good time to be adding imo :-)

[tomboyb] 18/10/2017 10:12

4.5mill cap -

3mill cash -

DFS completed

1st quartile for all in all expenditure for gold prod in the world

[tomboyb] 18/10/2017 10:04

No stock at 4p -

[tomboyb] 18/10/2017 09:57

50k max at 4p -

So not much stock floating at these levels -

[tomboyb] 18/10/2017 09:27

It does look to me like sellers are drying up whilst others digest the RNSs today -

First quartile globally at $643 certainly looks compelling -

[boom boom bang bang] 18/10/2017 09:03

Guys iog starting to move 8% up

Material news this year




Independent Oil & Gas PLC LOI signed with Key Contractor ODE

18/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Intraday Stock Chart
Today : Wednesday 18 October 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 8810T

Independent Oil & Gas PLC

18 October 2017

18 October 2017

Independent Oil and Gas plc

LOI signed with Key Contractor ODE

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce that it has signed a Letter of Intent ("LOI") with Offshore Design Engineering Limited ("ODE") to perform several key contractor roles for its Blythe Hub and Vulcan Satellites Hub development ("the Project"), starting with technical and operational support ahead of Final Investment Decision ("FID").

Highlights:

-- ODE to provide extensive technical and operational support to IOG in both pre- and post-FID stages to deliver the Project into production

-- ODE to be the Operations & Maintenance service provider
-- Pre-FID costs to be fully deferred and pre-First Gas costs to be 50% deferred until first gas, thereby reducing IOG's funding requirements

-- LOI further strengthens IOG commercial model with ODE as a key contractor incentivised to deliver first-rate performance

ODE will be responsible for the operational management of all IOG's assets and for the Thames Pipeline and network of in-field pipelines, with IOG continuing to be 100% Licence Owner and Operator for all assets in the Project. It is also intended that ODE will be the Operations and Maintenance contractor upon first gas, hosting IOG's onshore operational base at its facilities in Great Yarmouth, close to the Bacton terminal. The pre-FID technical and operational support work is due to start immediately while contract terms are being finalised.

Mark Routh, CEO and Interim Chairman of IOG commented:

"We are very pleased to be working with ODE who will be a trusted partner in IOG's Blythe Hub and Vulcans Satellites Hub development. ODE has a wealth of relevant experience and manages several fields for other Operators in the Southern Gas Basin of the UK North Sea, so we will benefit from synergies with their existing operations. In line with our commercial model, the cost deferrals also tangibly improve IOG's funding position both before and after FID.

This LOI reflects the team's continued strong progress with the IOG gas portfolio. We look forward to finalising the contract with ODE and agreeing similar terms with other key contractors to continue delivering our gas hub strategy."

ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Enquiries:







Independent Oil & Gas PLC CPR Confirms Significant Reserves Upgrade

12/10/2017 7:00am
UK Regulatory (RNS & others)

Independent O&G (LSE:IOG)
Historical Stock Chart
1 Month : From Sep 2017 to Oct 2017

Click Here for more Independent O&G Charts.
TIDMIOG

RNS Number : 3782T

Independent Oil & Gas PLC

12 October 2017

12 October 2017

Independent Oil and Gas plc

CPR Confirms Significant Reserves Upgrade

Independent Oil and Gas plc ("IOG" or the "Company"), the development and production focused Oil and Gas Company, is pleased to announce the results of a Competent Person's Report ("CPR") on the Vulcan Satellites, Blythe and Elgood assets by ERC Equipoise Limited ("ERCE") as at 1 October 2017.

Highlights:

-- CPR confirms 2P gas Reserves of 303 BCF (54 MMBoe), previously 34 BCF, in IOG's UK Southern North Sea ("SNS") gas portfolio

-- 2P Reserves classification applied to all of IOG's development assets: the Vulcan Satellites, Blythe and Elgood

o Vulcan Satellites 2P Reserves of 248 BCF

o Blythe 2P Reserves of 33 BCF, in line with 2013 CPR

o Elgood 2P Reserves of 22 BCF

-- CPR estimates a 2P peak production rate in excess of 200 MMcfd (c. 35,000 Boe/d)
-- Significant prospective resources in Harvey to be published in a forthcoming separate CPR
CPR Process:

During 2017, IOG built its own proprietary static geological model based on interpretation of the reprocessed 3D seismic available from multiple surveys across the whole SNS portfolio. This resulted in a robust and consistent estimation of the gas in place volumes in all the Company's SNS gas assets. This was followed by dynamic reservoir modelling and optimal well design and placement, including hydraulic stimulation modelling for the Vulcan Satellite fields. This in turn enabled the development of production forecasts for each field. ERCE reviewed IOG's proprietary subsurface work, production forecasts, costs and economic assumptions. ERCE then made its own independent assessment of the recoverable Reserves from the portfolio, the project development and operating costs and the resultant economics as summarised below.

The CPR presents the economic Reserves and valuation of IOG's five development fields as at 1 October 2017 using data and information available up to 30 September 2017 and applying the PRMS standard. The table below shows the CPR estimates of Reserves and Net Present Values, both undiscounted and discounted at 10% ("NPV(10) ") for IOG's 100% interests in the fields.






NEWS DUE IN THE NEXT FEW DAYS, LAST UPGRADE SHARES WENT UP 100% LAST WEEK


n addition, we shortly expect to receive a further CPR on the Harvey structure which provides very material upside to our portfolio."