Sirius Minerals Share Discussion Threads

[11_percent] 27/11/2019 08:45

I see there is still a bit of overnight volatility in share price .....

[johnwise] 27/11/2019 08:44

.HOT OFF THE PRESS Trump has created 6 million new jobs..

KEEP AMERICA GREAT: President Trump FULL RALLY in Florida


VIDEO

[11_percent] 27/11/2019 08:41

EML...……..HOT OFF THE PRESS

Added an hour ago........

[johnwise] 27/11/2019 08:40

1 Aug 2019

Galloway platform lift at Woodsmith Mine

VIDEO

[johnwise] 27/11/2019 08:15

"I can listen to this man all day.. Trump has created 6 million new jobs.

KEEP AMERICA GREAT: President Trump FULL RALLY in Florida

VIDEO

[johnwise] 27/11/2019 07:33

Sirius Minerals: Trade secretary quizzed on Government's 'lack of backing' for key Teesside project

Liz Truss admitted on her visit to Marton that Teesside is a 'hugely important part of the country for this election'

Simon Clarke added: "We were told, frankly, that the company would close if it didn't get that Government backing and it hasn't, it's restructured its plans, it's continuing to excavate the site, bring out the polyhalite.

[johnwise] 27/11/2019 07:33

Sirius Minerals: Trade secretary quizzed on Government's 'lack of backing' for key Teesside project


Liz Truss admitted on her visit to Marton that Teesside is a 'hugely important part of the country for this election'

Simon Clarke added: "We were told, frankly, that the company would close if it didn't get that Government backing and it hasn't, it's restructured its plans, it's continuing to excavate the site, bring out the polyhalite.

[joshuam] 27/11/2019 07:25

Update due soon?

[dp1umb] 26/11/2019 10:52

After a 10 for 1 share consolidation?

[djb3] 26/11/2019 09:47

When 10p Amaretto? Good few weeks now since you spouted it were coming by end of week.

[dp1umb] 25/11/2019 20:36

The deal entered into with the American company mallinckrodt looks to be a game changer.

[kreature] 25/11/2019 19:56

does it matter if the sector as a whole has potential? look down at sand. Not even started phase 1b. So maybe too soon to get excited

[dp1umb] 25/11/2019 17:33

Kreature you probably right about silence getting a bit ahead of itself, but if you know the sector you will understand that gene therapy especially gene silencing is absolutely on fire at the moment.

[ferrisc] 25/11/2019 16:28

Do some research. Morocco is about third in the best African countries to invest in.

[kreature] 25/11/2019 14:39

O/t I think it's risen so high due to the few shares in free float. $500m cap looks a bit frothy to me

[dp1umb] 25/11/2019 13:38

Kreature why are you shorting silence Therapeutics you numpty?

[dp1umb] 25/11/2019 13:35

And strategically very well positioned.

[kreature] 25/11/2019 11:51

Shares are up John, be happy, Morocco is a nice place to visit

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

EML

Post from another thread.

============



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.