Sirius Minerals Share Discussion Threads

[11_percent] 25/11/2019 10:37

EML

Post from another thread.

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sportbilly1976
25 Nov '19 - 10:31 - 11500 of 11500
0 0 0
EML full document re the NPV summary update this morning...



" Post tax NPV10 across Emmerson’s project portfolio now in excess of US$1.8 billion


o Khemisset Potash Project – US$1.14bn3
o SOP Project – US$411 million
o Salt Project – US$266 million4
o NPV10 to Capex ratio of 3.5x

EML current market cap: £25mln !!

[11_percent] 25/11/2019 10:08

Morocco-focussed potash development company Emmerson has finalised the feasibility study components of port and transport and logistics, including capital and operating cost estimates, for its Khemisset Potash Project in the north of the country, it announced on Monday.
The London-listed firm said the project benefitted from "industry-leading" capital costs and bottom quartile all-in delivered cost to customer, which would yield "outstanding" economic metrics, including average annual EBITDA of $236m (£182.77m) and a post-tax net present value at a 10% discount of $1.14bn .

It said the go-forward feasibility study logistics strategy had selected the "outstanding" Port of Casablanca, which is one of the largest ports in Africa, equipped to handle larger vessels with higher loading rates.

The company explained its "significant" existing capacity, sufficient for Emmerson's potash and salt production, with the port Infrastructure pre-production capital cost reducing from $7.5m envisaged in the scoping study, to nil in the feasibility study.

Emmerson said the Port of Casablanca was "fully equipped" to handle potash and salt with no investment required from the company, adding that it currently exported more than one million tonnes of salt per annum.

It said its fully-quoted product transport and logistics costs to the port would be $11.39 per tonne, which was an increase of $1.39 per tonne from the scoping study, to account for the "slightly longer distance" to the Port of Casablanca.

The board said it had received quotes from one of Morocco's largest transport companies, with a "significant" fleet of heavy vehicles.

Emmerson explained that the developments supported its goal of developing a sustainable, low capital cost, mine, with fully-quoted product transport and logistics costs to Brazil standing at cost and freight $29.05 per tonne, inclusive of port fees, customs duties, shipping and royalties, with quotes received from the port operator, customs agents, and a large shipping company.

"The Emmerson team has visited the Port of Casablanca a number of times and have been extremely impressed with the facilities available," said chief executive officer Hayden Locke.

"It was positive to note that the port already exports a significant quantity of de-icing salt, which has very similar storage and handling characteristics to potash.

"In addition, the port handles large quantities of bulk commodities including Phosphate, Clinker, and Fluorine."

Locke said the management authorities for the port confirmed that there was "sufficient storage and loading capacity", with equipment suitable for both potash and salt, to handle all of Emmerson's export needs with no additional investment.

"On top of saving $7.5m, we are pleased that the port already has expertise in managing products like potash, which will reduce the overall execution risk for Emmerson as we move towards production.

"This is the first workstream item from the ongoing feasibility study, which is progressing well and is on schedule.

"We look forward to continuing to keep the market updated with various parts of the study as we progress towards its final release during the first half of 2020."

As at 1007 GMT, shares in Emmerson were up 2.55% at 3.82p.

[johnwise] 25/11/2019 07:36

Sirius Minerals: New pictures show Woodsmith Mine's progress - despite cash flow issues

The Sirius Minerals project might have hit a stumbling block - but as these pictures show, it's come a long way.

[johnwise] 25/11/2019 07:36

Sirius Minerals: New pictures show Woodsmith Mine's progress - despite cash flow issues

The Sirius Minerals project might have hit a stumbling block - but as these pictures show, it's come a long way.

[sm22] 24/11/2019 20:08

https://www.fool.co.uk/investing/2019/11/24/why-im-buying-sirius-minerals-shares-after-its-20-price-rise/

[sm22] 24/11/2019 20:08

co.uk/news/teesside-news/sirius-minerals-new-pictures-show-17308651.amp

[deanroberthunt] 24/11/2019 09:07

How did Labour help those girls in Rotherham, Telford et al ? ....by covering it up for 10+ years...they're all apples from the same tree

[johnwise] 23/11/2019 07:08

How's that Northern powerhouse coming along? Hopefully the North realise now that Thatcher is no longer in power and can vote elsewhere.

I doubt that the conservatives will win as many seats in the north of England,there are enough Labour sceptics to hold on to them. Even if they did win the North from Labour, the bulk of public spending per head under the conservatives will remain far greater in the South East leaving the North cheated and frustrated by the lack of public investment. Cross rail, Heathrow and HS2 would soak up the transport budget, education and health spending would still remain far greater per head in the south leaving the North deprived.

[beeezzz] 22/11/2019 21:48

Do we expect to get news next week, last of the month..

[redirect12] 22/11/2019 21:35

hxxps://simplywall.st/stocks/gb/materials/lse-sxx/sirius-minerals-shares/news/how-many-sirius-minerals-plc-lonsxx-shares-do-institutions-own/

[sm22] 22/11/2019 17:11

Silly Sod...!!!

[11_percent] 22/11/2019 16:15

Its just that I thought that pazzuzu was hurting Johnwise's feeling......given that CF is his dad.....and has him on here rapmmping 24/7...…

"black sweat pants".....is that not prison garb....

[coldspring] 22/11/2019 09:01

In his defence he is wearing black sweat pants today, leniency is required I feel.

[deanroberthunt] 22/11/2019 08:12

As you say why pay anything for this when you can just let it run out of money and get it for nicks...and you don't even have to wait that long..business isn't a charity

[davethehorse] 22/11/2019 08:03

2p coming soon I fear...

[davethehorse] 22/11/2019 08:01

Get down you old dog

[pazzuzu] 21/11/2019 16:39

He's stock piling potatoes just in case!

[coldspring] 21/11/2019 13:18

Has the penny dropped with John not so wise......missing in action

[djb3] 21/11/2019 09:08

2 months left I reckon.

[kreature] 21/11/2019 07:39

Re redirect12’s link
‘then investors might also benefit from a recovery in the pound sterling.‘

Making it more expensive to buy the product?