Mineral & Financial Inve... Share Discussion Threads

[ryan83] 01/9/2015 13:57

also


Excellent infrastructure including:
• power lines
• highway
• rail access to Xstrata smelter in adjacent Asturias


access to a smelter...................

[ryan83] 01/9/2015 13:56

Lagoa


Excellent infrastructure, including:
o Rail
o Major highway
o Power grid near/on property
o Network of roads providing access to all
worksites
o Port of Setubal only 50km North of
project (Neves Corvo mine already
shipping concentrate through this port)

[bones30] 01/9/2015 13:55

That's exactly what I was talking about re: far flung.

[ryan83] 01/9/2015 13:54

one point totally missed is the exisitence of excellent infrastructure around Lagoa. There are major mines on the doorstep and ore can be easily transported to market. Thing with companies such as NRRP is that they are areas which require a great deal of money on infrastructure, you dont just need to produce ore, you need to transport it. I havent really looked at NRRP but are they namibian focused?

[ryan83] 01/9/2015 13:50

yeah very small EV here, the new asset should soon be reflected in the market cap once people realise the potential. Happy to wait, £3m market cap should be starters imo.

[bones30] 01/9/2015 13:15

> maybe but I dont really care bones tbh. New direction for MAFL now.

I think its important to understand where shareholders will be looking for the exits.

Had a bit of a look at NRRP over the weekend. At least MAFL's new assets aren't as far flung.

Their resource is described here:


EV there is c.£2m apparently.

[bones30] 01/9/2015 11:08

Happy to wait for the overhang to clear. Newsflow will help no doubt.

Shares sub-7p seem to be difficult to come by if you look through the trades.

[ryan83] 01/9/2015 10:53

maybe but I dont really care bones tbh. New direction for MAFL now.

Whats your overall thoughts here?

[bones30] 01/9/2015 10:40

I'm not so sure ryan, if you look back at the chart before the consolidation think there's a fair few in much higher.

[ryan83] 01/9/2015 10:32

most ex Athol holders are in from 13p area judging by posts I have seen on LSE.

[bones30] 01/9/2015 10:03

Looks like there was a share consolidation, when this was Athol Gold.

16-04-2013 Consolidation 100 1 new Ord 1p share for every 100 Ord 0.25p shares held.

This was when the shares were 0.1p. If I'm right doesn't this suggest that most of the investors from those days were in at 10p+.

In 2011 this was 1.06p which I think in today's money is over £1.

Don't see many holders of Athol selling, do you? Let's hope they get some/all of their investment back.

[the stigologist] 01/9/2015 09:16

lol

has financial expert ryantard got another one wrong

pmsl

[ryan83] 01/9/2015 09:10

mally make the most of it while it lasts!

[mally6] 01/9/2015 08:15

Seller should be almost clear this should move up soon hang on only 1 mill mcap

[ryan83] 31/8/2015 23:28

Read those links, look at the NPV of $160m odd and also how indium could transform the asset

[ryan83] 31/8/2015 23:18

Bones - see lse bb for more info on lagoa!

[ryan83] 28/8/2015 16:33

good for MAFL! debt free assets with $20m spent on it for peanuts!

[bones30] 28/8/2015 16:28

Quite - Portex had debt.

[ryan83] 28/8/2015 16:26

bones, the reason for not bieng able to raise finance was poor liquidity. MAFL have a good stack of cash to get this asset developement under way.

[bones30] 28/8/2015 16:04

Looks like the divestment by Portex was a distressed sale. See, e.g. Debt for Equity Swaps. Not just that but they were unable to finance.



Wonder with his contacts if our chairman will have much trouble raising finance?

[ryan83] 28/8/2015 15:32

a snip isnt it

[bones30] 28/8/2015 15:23

> Is £1.1m a fair value for the assets and cash at bank? last NAV update says 56% of NAV is cash = 4.77p = diluted is say 4.3p, which is £667k cash.

> That leaves £440k enterprise value for all the assets of MAFL.

"The Projects have benefited from approximately $20.0 million"

So we're getting $20m of expenditure on these assets for £440k.

:-)

[ryan83] 28/8/2015 14:44

Lundin mining and MTO GPS are on the doorstep of lagoa.

Lundin
23 Mt of 3.5% Cu reserves and 43MT of 8.6% combined Zn-Pb reserves (Lundin)
o 30kt Zn production, 2012
o Currently undergoing zinc plant expansion

MTO
o 24 Mt of 7.5% combined Zn-Pb resource
o Extremely long mine life (~50 years)
o 100% of silver production committed to Silver Wheaton for LOM

look at those grades compared to lagoa 7.18% combined Zn.

Toral is even better with over 9% Zn combined.

Lundin is a $3bn market cap company, although I dont know what other assets they have other than above.