Prairie Mining Share Discussion Threads

[keya5000] 01/11/2016 18:03

I know, especially when you consider that its hard coking coal at Debiensko and semi hard at Lublin.

Premium product, right location, massive reserves, low lifting costs

mcap £33m.

LOL.....

[sigora] 01/11/2016 17:39

wow that is some comparison chart we have a lot of catching up to do

[keya5000] 01/11/2016 17:35

Look at this info;



Majority of coal stocks (mainly thermal) have multi multi bagged this year.

PDZ with perhaps the best resource of them all is up well on the year but no value yet reflected to Debiensko.

[sigora] 01/11/2016 17:30

yes mate have changed my trading strategy now buy and hold thats the way to make money rather then chase the rainbows like i did in the past this one this time next year will be over a pound so under the radar

[keya5000] 01/11/2016 17:27

You would be more than welcome Sigora.

Think this may have some serious share price appreciation over the coming months.

Not an over night trade but a few weeks/months holding these could prover very worthwhile.

[sigora] 01/11/2016 16:51

excellent thread keya well done mate hope to join party very soon

[keya5000] 01/11/2016 14:46

Volume best we have ever had on LSE

[keya5000] 31/10/2016 14:05

Stanmore up 8% with a mcap now of £100m.

[keya5000] 31/10/2016 11:10

Looking good fair mcap with both projects/cash should be getting on for around 70p-£1.

[sophisticatedtrader] 31/10/2016 09:16

Decent volume ... off to a great start imho

[keya5000] 31/10/2016 08:45

Even a small scale operation at 100000tpa which I am sure would be higher would generate revenues of over $10m and likely EBITDA of c $7m.

The full scale operation would be hundreds of multiples of that.

[keya5000] 31/10/2016 08:32

Small scale production in 2017.

I would expect 'small scale' will be still be a decent sized operation, just not the 2-3mt that NWR forecast could be produced.

[sophisticatedtrader] 31/10/2016 08:26

Just seen the rns ... great share here ... next multi bagger imvho

[tackabrum] 30/10/2016 22:35

When is Debiensko Project mine going to production 2017 or 2018?

How much is it going to produce if its a small area of the mine? whats the valuation of the mine?

[keya5000] 30/10/2016 12:34

Main listing not AIM.

[keya5000] 29/10/2016 10:20

Analyst view from Platts on Coking Coal;

PDZ is coking coal by the way.



But the surge in thermal coal prices may not last.

First, in September, Beijing ordered its new mines to step up production . This will increase China’s domestic supplies by nearly 30 million tonnes a month from November. Also, China completed the winter booking and has a 12-million-tonne stockpile at ports that is sufficient for 20 days. Kannan expects pressure to build on thermal coal prices from next month.

The outlook is not so clear for coking coal, though. Edwin Yeo, Managing Editor (Steel Raw Materials) of Platts, doesn’t foresee a meltdown in the short term.

According to him, the coking coal shortage is acute and some steel-makers in China have had to shut down their blast furnaces. Steel-makers avoid this as re-igniting furnaces is a costly exercise.

Yeo doesn’t agree. but some sources see a shadow of cartelisation in coking coal price surge, as three top producers control more than half the global trade.

[keya5000] 28/10/2016 11:36

Look at the Stanmore chart since June

We have had appreciation here but nothing like this 8 x bagged.

Lots of catching up to do and near term Debiensko production should be the catalyst.



Financing news or a JV of Lublin would also multi bag it.

[keya5000] 28/10/2016 10:57

Stanmore picked up the Vale project for $1 last year and at the time had a $33m AUD mcap, recently it went above $150m.

Parallels to the Debiensko project in that transaction and future stock appreciation curve I would say.

Difference being Debiensko does not need the same logistics to market and hence cheaper lifting costs etc.

[keya5000] 28/10/2016 10:53

An ongoing ​rally in the price of Australia’s key exports, mainly coal and iron ore, is prompting miners to restart projects and resume operations at mines that were shut only a few months ago, when both commodities were trading close to 10 years-lows.

At least seven coal mines are expected to resume operations before the end of the year — four in Queensland and three in New South Wales.
Last week, prices for coking coal price — the steelmaking kind — reached $230 a tonne, up from $75 a tonne just a few months ago. And thermal coal, used in power generation, has doubled to more than $100 a tonne last week, up 27% just since the start of October.

Miner and commodities trader Glencore (LON:GLEN), for one, has reopened its Collinsville mine in Australia's Queensland state because of higher demand for the product in Southeast Asia and favourable prices

The move by the world’s biggest supplier of thermal coal is expected to create about 200 jobs in the region.

At least seven other coal mines are expected to resume operations before the end of the year — four in Queensland and three in New South Wales. These include Collinsville and Isaac Plains, which Vale and Sumitomo sold last year to Stanmore Coal (ASX:SMR) for only $1.

But the potential multibillion-dollar windfall could be short-lived, economists have warned.

All these Australian mines are reopening thanks to the rally in coal prices
NAB’s chief economist, Alan Ostler, believes that global production peaked in 2014, which together with action on setting a carbon price after the Paris climate accord will continue to suppress demand, inevitably affecting prices.

Liberum analyst Ben Davis agrees. He said in a report last week that thermal coal may start a downward trend soon as Chinese policymakers decided to temporarily reverse limits on thermal-coal production until December.

“We expect the hedging loss to shrink as thermal-coal prices drop faster than what is currently being implied by the forward curve,” he wrote.

There also are still plenty of major companies including Peabody Energy, Anglo American and Rio Tinto that are trying to sell its coal assets. Meanwhile, BHP Billiton, the world’s largest mining company, warned last week that coking coal supply could grow “more quickly than demand” in the near term.

[keya5000] 27/10/2016 19:30

PROACTIVE FROM MAY




Praire Mining Ltd pushes ahead with strategic Polish coal project
Share
09:30 26 May 2016
Prairie Mining Ltd pushes ahead with strategic Polish coal project
Prairie Mining Ltd (ASX:PDZ) has submitted a mining concession application at the Lublin Coal Project in Poland, where a pre-feasibility study (PFS) had confirmed the robust economics and technical viability of the project.

In March, a Polish court had confirmed Prairie’s legal position as the only entity with the exclusive right to apply for a mining concession at the Lublin Coal Project.

Significantly, the Lublin project holds an initial marketable coal product of 139 million tonnes based on JORC indicated reserves of 181 million tonnes.

The PFS for Lublin demonstrates the potential to have some of the lowest operating cash costs (US$25/t FOR) for hard coal delivered into key European markets.

The PFS estimates an operating margin of 69% and annual EBITDA of US$348.1 million over 24 years, supporting an expedited development plan for Lublin.

The Lublin Coal Project is adjacent to the world-class Bogdanka longwall coal mine that has been in operation for 34 years and is the lowest cost hard coal mine in Europe.

Industries in Europe continue to consume more than 300 million tonnes of hard coal per annum, with imports rising and increasing concerns over energy security and raw material supply.

Prairie Mining is well funded with a cash balance of $13.3 million as at 31 March 2016.

[keya5000] 27/10/2016 19:28

Prairie Mining Ltd has announced the results of a pre-feasibility study (PFS) – prepared in accordance with the JORC Code (2012 Edition) – conducted on its Lublin coal project (LCP), located in the low cost and proven Lublin Coal Basin in south eastern Poland.

Utilising the project’s initial marketable ore reserve estimate of 139.1 million t of coal, the project can support average steady state production of 8.0 million tpa ROM coal, yielding an average of 6.34 million tpa of saleable clean coal.

Prairie’s Chief Executive Officer, Ben Stoikovich, said “The PFS has confirmed the potential to develop a world scale, multi-generational coal mine with strong cash flows.”

Prairie has indicated the LCP’s fundamentals are extremely encouraging with average operating cash costs (inclusive of SG&A and royalties) during steady state production of US$24.96/t of saleable coal Free On Rail at the Mine Gate (FOR), which would postion the LCP to be the lowest cost supplier of coal into Prairie’s key regional European target markets.

The high margin LCP is expected to achieve average earnings before EBITDA of US$348 million per annum (steady state). According to Prairie, this provides for high cash margins from the adoption of international best practice for the design and operation of the mine and coal processing.