Phoenix Copper Share Discussion Threads

[rolo7] 02/8/2019 12:53

Really if it was so would be north of 25p ?

[zaphod99] 02/8/2019 12:30

The projected post-tax profit of around £18m in the early years from the Empire open pit alone certainly makes a mockery of the current market cap of £6.42m.

$51m start up costs are minuscule compared to other projects at a similar stage so hopefully funding won't be too much of an issue even in these trying times when many miners are struggling to get financing.

Between now and first production in just over 2 years from now one would hope that the cu price will be significantly higher than it is now.

Once the Empire oxide mine is in production everything else should fall into place with decent cashflow to help exploit all the other interesting looking opportunities at Red Star and in the deeper sulphide levels below the open pit at Empire, not to mention the prospective cobalt opportunities.

They've only just scratched the surface so far!

With the increasing difficulties that mid-tier and major producers are facing all over the world it's hard to imagine that Phoenix won't come onto the radar of many of them given our ultra safe, mining friendly location.

The Chinese are ahead of the game and have been hoovering up opportunities in Asia, Africa and South America whilst Western miners are being squeezed and are finding it far more difficult to operate without political interference.

Consequently, Phoenix should become even more attractive to established Western producers looking to replace their failing and increasingly less profitable projects in more difficult jurisdictions.

[copper copper] 02/8/2019 11:43

This is the most followed company of VOX currently. Something stirring?

[rolo7] 01/8/2019 10:59

Yep good news today, hope they dont delist here and list in us, pretty poor its not been sorted out!

[goldrush] 01/8/2019 10:50

Good RNS today with publication of New Economic Model.....Required Capex now down to $51m.

They are starting to get their act together IMHO

Once they get the electronic OTC trading sorted so that US investors can pick up shares, the better for us all.....Again IMHO,

[goldrush] 01/8/2019 10:44

Duplication.

[sos100] 15/7/2019 06:51

Zaphod-you keep posting negatives on the ARS thread offering nothing new,have you ever meet or spoken to the management?

all your doing is deterring people from even looking at this stock.

[pantsonfire] 10/7/2019 12:13

Yup, zaphod, there does appear to be a hunger from the USA side, and a frustration that they cannot get their hands (electronically at least) on to these shares. It was indeed impressive that the representative from OTC Markets was present and seeming of his own volition, as the BoD were not expecting him. I guess you, like myself, are for the long term opportunity, but it would be nice to see the share price moving up in the short term to reduce the effect of possible dilution, if we need to raise any more capital (which I do not expect though). This could come from the US side gaining access to the shares, or the finance coming through. If it's the last one, then the share price should soar, as we'll be on the road to production, and that pot of gold (or copper).

[zaphod99] 10/7/2019 11:57

Thanks for the update PoF.Volumes on AIM remain pitifully low.Hopefully when the ongoing regulatory issues surrounding the OTCQX listing are resolved there'll be significant interest over in US.There must be pent up demand and frustration for ordinary US investors who currently cannot easily jump on board but it seems that the OTCQX officials are as keen as the Phoenix board to get it sorted and progress is being made.

[pantsonfire] 10/7/2019 11:21

and I say welcome as well to everyone, to the new Phoenix!

[pantsonfire] 10/7/2019 11:19

I attended the recent AGM, and promised some extra words, which follow:
We had a conversation between the BoD and the audience about the name change, which was due to confusion with another company who listed shortly after PGM with a similar name. The BoD also felt that the new name reflected the core business better, since copper represented more than 80% of the potential business. In conversations after the formal session, I received a run down from a board director. The findings so far appear outstanding, with in-situ value of measured and indicated open pit metal valued at $850 million, with current metal prices. With the present BFS, and $60 million capital to be raised, production is scheduled to commence in 2021. The pay-back could be under a year! But moving into the future, the opportunity is almost unbelievable, with a significant exploration upside, since only 1% to 2% of the potential ore system has been explored to date. In the words of the director, the findings keep on coming. They have increased their staked territory to protect these new findings, which could be a world scale deposit. The key is financing, and they have many people knocking at the door. Their plan is to raise the maximum possible through debt and project financing, and keep share issue to the minimum, if any. Yesterday's announcement therefore fits right into this. How is the market missing this?

[rolo7] 09/7/2019 08:15

I took a tiny purchase yesterday bit of a punt but with 800m$ of resource in ground, did everyone miss yesterday news?

[zaphod99] 08/7/2019 08:52

RNS Number : 7036EPhoenix Copper Limited08 July 2019 Phoenix Copper Limited / Ticker: AIM:PXC / Sector: Mining 8 July 2019 Phoenix Copper Limited ("Phoenix" or the "Company") Appointment of Lead Financial Adviser for Empire Mine project financing Phoenix Copper Limited (AIM: PXC: OTCQX: PGMLF), the North American focused base and precious metals exploration and development company, is pleased to announce that it has appointed Medea Natural Resources Ltd ("Medea"), a specialist mining finance advisory firm, as the lead financial adviser to arrange structured project financing of up to $70 million to construct the Empire Mine open pit project in Idaho, USA, including $10 million of advance mezzanine debt financing. Medea is an FCA-regulated corporate advisory firm, located in London and Singapore, that provides global corporate and capital advisory services specialising in the mining and metals sector. Dennis Thomas, CEO of Phoenix, commented: "We are delighted to be working with Medea to finance the construction of our open pit, heap leach, SX-EW project at the Empire Mine. The open pit has a production target of 8,000 tonnes of copper and zinc per annum, commencing in 2021. "We have already been approached by a number of mining finance and trading houses, and it is our intention to fund capital expenditure predominantly with debt and other forms of project and metal offtake finance, involving minimal issues of ordinary shares. Medea, with its global reach and significant expertise in this area, will assist us in coordinating the best possible structured finance for the project, thereby optimising our cost of capital for maximum benefit to our shareholders. "The mezzanine debt financing will enable us to complete the feasibility study quickly and, at the same time carry out exploration on the newly discovered Red Star high grade lead / silver zone, as well as on the underground sulphides, and on the two Idaho Cobalt Belt properties." Leonidas Howden, Partner at Medea, commented: "We are very excited to be working with the Phoenix executive team and Board to raise feasibility and construction funding for the Empire mine which we believe will attract significant interest from the mining finance community given its excellent economic potential, location in a highly supporting mining jurisdiction and the key role that copper will play in the upcoming transition to electric vehicles and energy storage."

[zaphod99] 04/7/2019 18:56

Welcome to the new Phoenix Copper thread (formerly Phoenix Global Mining)

[failedqs] 07/1/2011 11:20

Daisy (DAY)

[dynamite_27] 07/1/2011 11:18

Is there anyone who could please help me what it is the new name for the pipex share's that I hold as I have found them that I own.

dynamite

[jilldi] 14/10/2008 09:43

Hey guys anyone interested in voip? this is a small player in the us about to become huge theyve got voip workng on a mobile at a fraction of cost! here the link i picked up 50,000 shres two weeks ago!! with only a 6mill mkt cap its a ten bagger!!anyone interested my email is [e-mail]

[troys] 09/3/2008 19:19

Wrong thread howling. You need FFC. LOL

If all else fails increase medication. We will take care of you.

Troys

[howling] 09/3/2008 16:42

expectations of share price hitting £11 ?????
HELP

[joesmoke] 07/3/2008 02:01

just popping in to say hello.........ah yes i remember the days, we were all excited at the prospect of the Hoff coming on board and the wild expectations of the share price Expert opinions, surreal observations, anger, love, suicide....its all been here on this board over the last couple of years.....And now it seems to be a damp squid limping along the road being kicked by all who pass bye....Pipex communications as an investment you were part of my youth like long summer holidays, evel kinevel toys, (the red wind up thing) and who can forget the A Team??? But unfortunately for me I didnt love it when this plan just didnt come together!!!

[troys] 06/3/2008 19:28

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz :-(