Tharisa Share Discussion Threads

[mfhmfh] 12/10/2020 13:31

80p being paid

[sharpshare] 12/10/2020 08:38

Rhodium price today USD 13500 per oz per http://www.platinum.matthey.com/prices/price-tables THS produced 13,5000 oz of rhodium in the last financial year. At today's prices that is worth about USD 182.25 million As THS produces a concentrate they get about 81%? of this value. This year the guidance is for about 14% more PGM's so about 14700 oz of rhodium. Bonanza time! THS is wisely using some of the extra cash flow to pre strip the open pit and upgrade recoveries to reduce costs, increase revenue and boost profits in the future.

[sharpshare] 12/10/2020 08:24

The Vulcan plant will turn a waste stream of chrome tailings into a revenue stream of chrome concentrate. So when the Vulcan plant is operational we can expected extra annual revenue of about 380,000 tons at USD 140 per ton meaning USD 53,200,000. opex 380,000 tons at about USD 4.16 per ton for USD 1,580,800 Transport costs to customers in China around USD 63 per ton costing USD 23,940,000 So extra gross profit per year from this plant around USD 27,680,000 Open pit life about 12 years, then underground of over 20 years (depending on prices then) So gross profit from this one investment over next 12yrs is about USD 332,160,000 Market cap today at 77p is about USD 266,000,000 If we apply a multiple of around 5 on this extra profit it is worth about USD 138,400,000 or about 40p per share extra. The Vulcan plant will increase margins significantly and reduce the risk of mine closure if chrome prices drop so enhancing the value of the entire mine.

[mfhmfh] 12/10/2020 08:24

Re: PGM bonanza mentioned in the last RNS. Palladium looking strong. Rhodium bouncing back.

[mfhmfh] 08/10/2020 13:57

https://www.youtube.com/watch?v=iIsB0ltjS8o

[mfhmfh] 08/10/2020 13:40

from today's RNS: 'Restart of the Vulcan project' more information about the Vulcan project here: hxxps://www.tharisa.com/the-vulcan-plant.php The dates are not accurate due to Covid-19 but cost is around $25m but operating costs are only $4.16 per tonne. projected chrome concentrate production is 380 ktpa

[fernagx] 08/10/2020 10:39

This should really be at the 150 mark.

[mfhmfh] 08/10/2020 08:18

Annual results on 30th November: hxxps://www.tharisa.com/ovr-calendar.php

[fillipe] 08/10/2020 08:06

Indeed, an all-round excellent Q4 production Report with well presented good numbers. Going forwards a likely riser, I feel sure of that. f

[novicetrade68] 08/10/2020 07:52

agree it's a very good update and also reads they're getting good prices for their PGM products.

[mfhmfh] 08/10/2020 07:24

update better than expectations I think. Looks like all the investment in 2019 in mining equipment, etc is now starting to pay off and apart from re-starting construction of the Vulcan plant capex will be minimal. All IMHO.

[bubloo] 08/10/2020 07:15

I think great results and update. should move up once investors cotton to the upside story

[whitehunter] 07/10/2020 16:53

Hope it is good. Didn’t like the slide running up to tomorrow.

[mfhmfh] 07/10/2020 16:22

let's see what tomorrow brings

[davebowler] 16/9/2020 15:37

End July -Tharisa Plc THST.L : Peel Hunt raises target price to 165p from 155p

[paleje] 07/9/2020 13:52

SLP delivered expectedly nice results today, cash machine. Would be nice if we got a bit of a read across, even though operations differ they're same sector and same geography.

[mfhmfh] 27/7/2020 08:45

nice start to the week

[bradders51] 21/7/2020 11:56

Yes. Pure recovery play. The promising vaccines are helping sentiment. Wish my ITV ones would join in :-(

[mfhmfh] 21/7/2020 10:17

nice rise here past recent high. platinum and palladium futures looking stronger.

[mfhmfh] 13/7/2020 08:39

Solid NED buy

[mfhmfh] 10/7/2020 07:38

Vulcan plant is the key to increased revenue/profitability. currently suspended due to Covid-19. medium to long-term should be a huge boost to THS. from the video: good to see chrome prices higher. also investment in fleet/equipment over last 18 months which affected profitability over that period of time now starting to pay off with these last quarter results.

[bradders51] 10/7/2020 06:00

Thanks mfhmfh Good video. Very positive outlook. I wonder which projects they will go forward with in the next quarter.

[mfhmfh] 09/7/2020 22:34

https://m.youtube.com/watch?v=O_5i38RXdoo

[bradders51] 09/7/2020 14:36

It's my only share in the blue today. Now let's see if we can get towards £1. Fingers crossed

[mfhmfh] 09/7/2020 10:05

'Operating results for the quarter have been exceptionally strong with both May 2020 and June 2020 achieving consecutive record ROM output levels. These efforts, together with a very credible performance from the processing team has ensured our quarter on quarter production levels for both PGMs and chrome concentrates have shown increases at a time when we were not operating at full capacity. Together with good unit cost control, favourable PGM prices and higher pricing for chrome concentrate, the Company remains strongly cash generative and financially solid. Tharisa remains confident of replicating this strong performance in Q4.'