Sylvania Platinum Share Discussion Threads

[devilsprofessor] 10/5/2021 08:57

Easily. This share based on current information is full of quality value and momentum! Under valued IMO as it stands. DYOR

[parttime] 10/5/2021 08:45

stockhunters,

if it continues at this rate it could be £2.00 at around 10 a.m. tomorrow morning. :))

[stockhunters] 10/5/2021 08:37

200p this year?

[metis20] 09/5/2021 14:03

Thanks Plat - I had underestimated the refinery costs and overestimated Elephant costs - and now have a estimate spend of very approx. £40mn to ramp up the copper production to 24000 tonne/ annum by 2025.

[dougmachin] 09/5/2021 12:54

Plat Hunter and Freddie F and others - I certainly appreciate all of your info and insights. DM

[plat hunter] 09/5/2021 11:50

And back to SLP... the Global Microchip shortage has the potential to upend the demand side of PGM markets too.Without chips, cars aren't being built, without cars being built demand for pgms, literally halves.Keep your eyes peeled for those news headlines.

[plat hunter] 09/5/2021 11:43

Anyway we digress, I'm here because I see SLP as a safer option than JLP... I was however a long term JLP holder previously.JLP was always a riskier punt than SLP and THS and I was ecstatic that their PGM ambitions had started to pay off, however the currency write downs and structures of the JV's for copper and how the tailings were sourced demonstrated that they have not changed one bit and still very much rolling the dice and imo unnecessarily so.Look what happened to GLR'S Star Zinc which was ramped as being earmarked for JLP's Sable before they ham fisted Roan from BMR.

[plat hunter] 09/5/2021 11:24

Metis, your numbers are way out.. The currency write down alone on Sable refinery was 11 million....I can't be bothered to cut and paste all the numerous side deals and RNS but i suggest you do a little more research.Sable alone was north of 25 million as it was cash and equity and that's excluding Kabwe and refurbs. It also represented a significant discout to Glencores original purchase cost.Refinery's are very expensive

[podgyted] 09/5/2021 10:34

Not sure why some people are getting touchy or feel they have to apologise.

Surely a BB should (or at least its potentially beneficial) include comparative discussion to its peers.

Anyway I'll shut up now - thanks for the replies - I'll ponder.

[metis20] 09/5/2021 09:10

Plat - Just looked at details of costs for Roan (£17m), and likely costs for Elephant 1 and Elephant 2 Processing Facilities. The Jubilee Refinery cost £9m - that capacity has to be doubled to get to the 24000 tonne target copper by 2025. Total plant ramp up budget - expanded Jubilee Refinery and two more Processing Facilities - of about £50m not the £100m you suggest. Maybe you can convince me otherwise. Roan is being funded from cash flow.

Apologies to SLP holders for posting JLP stuff here but incorrect statements here about JLP need correcting. (I have held SLP for at least a couple of years and will continue to hold and have recently invested in JLP)

[plat hunter] 08/5/2021 21:28

No Bluesky... JLP can only make money from refining copper waste into copper cathode.It's the refinery that is ridiculously expensive, they'll need another 100 mill cash and a second refinery to double the 1200 tonne target to 24k, or circa 4 years of pgm earnings.Not saying they won't make it pay off but it's the single biggest reason as to why I prefer THS and SLP in an ever increasingly unpredictable world.

[inever] 08/5/2021 20:15

Any chance the JLP investors confine themselves to posting about JLP on the JLP board and leave this to Sylvania investors?

[metis20] 08/5/2021 19:56

parttime - the answer to your question in #5249 is no.

See Financial highlights in


The last cash raise was 18 months ago.

[bbluesky] 08/5/2021 19:05

Plat - isn't JLP effectively recycling:not a lot of cost in that (plus lots and lots available) and the picture for copper long term has good convincing arguments IMO. Indeed, who will win the Gold, Silver and Bronze out of the three. Got to be in it to win it!

[plat hunter] 08/5/2021 16:53

Undoubtedly...Sable is earmarked for 12,000 tonnes of copper cathode with a free run on cobalt... If you include the cost of Kabwe, sable purchase, refurb and the most recent copper purchases you're going on for circa 100 million.... And they want 24k tonnes a year of the stuffPeople over there haven't yet got their heads around just how expensive producing copper is. Hence why i prefer slp and ths. If PGM basket prices fell back towards 2k an ounce JLP's copper ambitions become somewhat unstuck at the expense of pgm operations as they don't have the historic cash accruals that SLP and THS has.

[parttime] 08/5/2021 16:16

I do like JLP but they aren't just spending the earned cash, haven't they indicated that another dilutive placing may be required to fund production?

[plat hunter] 08/5/2021 14:21

THS amd SLP are building cash reserves whilst prices are high, JLP on the other hand is spending the cash it earns at these prices.Might pay off might not, no copper produced so far from Sable and the Global Microchip shortage already forcing big electronic manufactures to make big production cuts and postpone new product launches.Copper prices can't continue to rise on the back of an electrification narrative without the requisite semiconductors. If copper is to continue to strengthen then it needs a new narrative and fast.

[podgyted] 08/5/2021 11:56

FF - I know - but these are "blue skies" compared to, for example, JLP starting production of copper and seemingly ramping up quite quickly.

(C. - good for you! You won't believe me but I do have stakes in all three - more in JLP and THS for the reasons stated. I am very happy with all three. I was interested in provoking discussion as to what others thought.)

[corrientes] 08/5/2021 07:53

5244 - you can always catch a newbie liar out by looking at their posting thread. Jealousy is often the name of the game.

[freddie ferret] 08/5/2021 00:02

C. MINERAL ASSET DEVELOPMENT AND OPENCAST MINING PROJECTS

As previously announced, new studies of the Volspruit and Northern Limb projects were initiated and continue to assist in developing the most suitable strategy for these projects in the changing economic landscape.

Volspruit Platinum Opportunity

Detail design for the Permitting Applications has been completed. Specialist work for updating the EIA and Water Use License commenced during the quarter as part of the overall process to conclude the final project authorisations.

The preliminary mining design information and results from additional metallurgical test work generated as part of the updated specialist study that was initiated in mid-2020 have been received during the quarter and are currently being evaluated to determine the best strategy for this project.

Northern Limb Projects

The Company commenced with a previously announced concept level mining study for the project during the quarter to improve the current resource estimate and confirm initial findings which identified specific higher-grade portions along the ore body. Further exploratory drilling has commenced and this study will continue until late 2022. Updates will be released to the market when new information becomes available.

Grasvally

The potential sale of 100% of the shares in Grasvally and claims against Grasvally Chrome Mine (Pty) Ltd to Forward Africa Mining (Pty) Ltd ("FAM") for a total consideration of ZAR115.0 million is ongoing and the Option Agreement as negotiated and reported in the Company's FY2020 report is still valid.

[podgyted] 07/5/2021 23:53

Yeah ... but what's its plan - currently just hoarding cash - with a finite life of 13 years from memory.

THS/JLP have expansion plans SLP does not, or at least has not communicated it. As far as I can see it has falling production and is simply riding the PGM price wave. The managements a THS/JLP seem far more dynamic/better.

I hold all three but my assessment is SLP is at the bottom of the pile not the top.

BWDIK

[freddie ferret] 07/5/2021 22:53

essential.

Well done.

[freddie ferret] 07/5/2021 22:49

JLP gains if the copper price continues to rise however its earnings record and reliability is poor compared to SLP.

SLP has and is continuing to produce rising profits year after year and the rise is astronomically rapid - think US tech companies.

Anybody can say that "earnings potential is far more with a hugely dynamic approach" however that sounds like rampers bs.

The basket price has been rising and will continue to rise imho, the only real problem is Pt where a lot is held as investment and will be sold off if the price starts to rise imho.

As I say look at the earnings and profits record over the last five years of all these companies and decide which you are more confident will grow profits into the future.

FWIIW I actually do not understand why the records for JLP and THS are so poor in relation to reliability of profits growth as compared to SLP. Possibly they have made some mistakes in the past, projects that did not come off? DYOR.