Prairie Mining Share Discussion Threads

[keya5000] 05/11/2016 21:21

Comments from LSE.


Agree.

The advanced stage of Lublin now with a major to complete BFS arrange finance and construct the mine the discount to NPV of c95% is crazy. That's not including the cash or Debiensko.

Most mining operations of this type at such an advanced stage but perhaps without the backing of a major would be c30% NPV which would be about £300m mcap.

That's again aportioning zero value to the other project which may end up having a similar if not higher value than Lublin.

Debiensko was thought at one stage to be the asset that may save NWR. They expected it to be the largest coking coal producing mine in Europe.

Yes it needs work and facilities upgraded but at 2mtpa production today it would be turning nigh on $400m np.

Think NWR had a figure much higher than that.

What's the betting that China coal JV Debiensko shortly.

[keya5000] 05/11/2016 10:29

ChinaCoal Flagship Overseas Project


This makes great reading. For a company the size of China Coal to release a statement like this shows the commitment and value that they see in Lublin.
-------
Deputy General Manager of CC5C, Sang Hua said, “The Jan Karski mine is managed by a highly experienced team in Prairie Mining and, with CC5C’s shaft sinking and coal mine construction expertise, will no doubt be developed into a world class coal mine. We are excited to have entered into this co-operation agreement with Prairie Mining and see the Jan Karski mine as a flagship overseas development project for China Coal as part of our strategy to increase China Coal’s international presence as a major mine development contractor.”

[keya5000] 04/11/2016 14:35

RE: Polish Article $600m investmentToday 14:33Lack of visible numbers in the RNS is stopping the average Joe visualise the worth of this deal and the scale of thsi project.

Local news report below states the China Coal investment will be c$600m US.

That is just into Lublin.

Lublin had a NPV pre this deal at coal of 1/3 todays price of $1.7bn.

That is likely much higher now.

The Lublin project is forecast at near the bottom of the coal price curve to make $330 EBITDA per annum.

Twenty four year mine licence.

This cannot be compared directly to SXX in terms of scale but Lublin and Debiensko together in production are two very large world scale assets. SXX is years from production but financing is in place mcap over $1.5bn post financing. and $1bn at the peak before.

This is not $50m with a project in my opinion of about 1/3 value to SXX. I know different commodity.

This is due to a lack of understanding of the scale or promotion by the company.

This should $150m mcap now at the least.

[keya5000] 04/11/2016 14:28

Yes $0.6bn USD investment forecast by China Coal.

Mcap £36m.


LOl....

[keya5000] 04/11/2016 12:35

The Lublin project holds a $1.7bn NPV now. That was stated in the PFS when coking coal was 1/3 of the current price.

Since then they have a partner to develop and finance Lublin, Debiensko and a 200% hike in coking coal.

£100m mcap should be the start

[blueball] 04/11/2016 12:31

Sure is a nice chart.

[csmwssk12hu] 04/11/2016 12:20

Silly cheap this

[someuwin] 04/11/2016 11:53

You're right. They don't get it...yet.

[keya5000] 04/11/2016 11:48

Someuwin,

I don't think people get the scale of this for a sub £40m mcap company.

[someuwin] 04/11/2016 10:49

This really is transformational news...

"Prairie Mining and China Coal, the second largest coal mining company in China and one of the world's most advanced and prolific shaft sinking and total underground coal mine construction companies, have signed a landmark Strategic Co-operation Agreement to advance the financing and construction of Prairie's Jan Karski Mine in Poland."

[keya5000] 04/11/2016 10:34

Looking good today.

With the news we have had and the project size this should be pushing £100m mcap now.

Reacted slowly due to lack of awarenes.

[sigora] 04/11/2016 10:24

more like it

[keya5000] 04/11/2016 10:24

Looking like its being dragged up to the 31p equivalent in Poland.

[someuwin] 04/11/2016 10:03

And now no buy quote offered.

[someuwin] 04/11/2016 09:52

Looking better today.

[keya5000] 03/11/2016 21:25

Its main listed in London and the ASX, the Poles are trading the same ord shares that we are.

Its trading on its most liquid market at 32p or 53cAUS.

The buying in Poland cannot all be retail, I know Polish/European small cap fund managers have been following/buying the stock and it is well though of in Europe.

So the question is why are they not buying in volume in London? Can only be a matter of time. Sooner or later when you can buy apples in London at a 25-30% reduction to apples in Warsaw the clever buyers will be buying London ones and shipping them to Poland.

Suspect it will not take much buying here to push things on.

[sigora] 03/11/2016 16:33

it will re rate in time keya mate just a waiting game here

[keya5000] 03/11/2016 16:30

WTF is wrong with this share!

4-1 buys/sells.

Up 10% in Poland on nigh on 6m trades and we end up down.

You got to laugh

[sophisticatedtrader] 03/11/2016 13:38

KEYA5000 ...Everyone must want to pay more in Poland than get them cheap here LOL IMVHO

[keya5000] 03/11/2016 12:03

Good man Fruit Ninja. Let's hope your steak is a prime fillet m

[fruitninja84] 03/11/2016 11:47

As from tomorrow this will be ISA-Eligible with Barclays stockbrokers for all UK accounts. I have been on the phone with them as having a main market listing I should be able to deal online/by phone. It took a while but hopefully I can get a tiny initial steak soon. Still researching but I like what I see here.

[keya5000] 03/11/2016 11:12

LOL, they know how to buy in Poland over 4.5m of them exchanged already today!

[fission453] 03/11/2016 10:07

Mr Pole probably doing plumbing, electrical or building work!

Speak no English! What is a broker I hear him say!

[keya5000] 03/11/2016 10:04

Nigh on 3.5m traded in Poland and yes they are the same ord shares being bought and sold at nigh on 30% premium to the LSE.

It is a mad world, Could Mr Pole not get a UK broker and buy some here.