Tri-star Resources Share Discussion Threads

[thundercat1] 20/2/2015 08:24

Granite chump lost 80% on oex bought 20-30 grand at 12p sold the lot at 2p then had no money or investments and wasted his time getting paid 20p a post on here and sirius, his time is soon to be over on both now hahaha.

[swiz73] 20/2/2015 08:22

you would never have guessed Rich......cracking post lol

[113mike] 20/2/2015 08:14

What timescale for that ? and what follows then? Thanks

[113mike] 20/2/2015 08:03

What happens from here on? How will this pan out?

[dr rosso] 20/2/2015 08:01

At long last we have the permit and roaster construction is to start

[drrichard] 20/2/2015 07:35

When I opined yesterday that I did not think we would have to wait long, I did not thinkn@17 hours!
Lovely

[suetballs] 20/2/2015 07:18

Thanks Bron you're a gent.

[bronislav] 20/2/2015 07:16

Great news this morning ......I got out a while ago ,not because I didn't believe but needed money for other things.....despite my tinge of disappointment I am extremely happy for those remaining and can see much blue sky for those still invested .well done and good luck .

[share_cruise] 20/2/2015 07:07

And we are off again gla

[rich80] 20/2/2015 03:13

Looking like a great company again.

Can't wait to get back in after the other firm does the Biz.

[drrichard] 19/2/2015 22:43

Exactly, share-c, exactly.

[share_cruise] 19/2/2015 22:24

Richard either way there is money to be made, wether our company buy the stock in or use the stockpiles we already have?

Please remember it doesn't take long to mine our open pit deposits

[share_cruise] 19/2/2015 21:17

Cash flow model
A cash flow model was developed for Tri-Star until 2025 based on the following assumptions.
The Göynük Mine in Turkey was assumed to begin producing 4,000 tonnes of contained Sb per annum in mid-2014 with a minimum mine life of 10 years. Capital expenditure was put at $20 million and operating costs at $3,000 per tonne of Sb contained. The price paid by roaster is 65% of base case metal price of $13,000 as was used in the GBM report. There royalty payment in Turkey is assumed to 2% Net Smelter Royalty on received payments.
The mine in Canada was assumed to begin producing 4,000 tonnes of contained Sb per annum in 2015 with a minimum mine life of 10 years which has been designed and costed by GBM. Capital expenditure was put at $30 million and operating costs at $4,000 per tonne of Sb contained. The price paid by roaster is 65% of base case metal price of $13,000. Currently the company is in discussions with Bald Hill have not yet concluded the deal. In our analysis we have suggested that this property is acquired for $8m in cash split over three years equally for 100% will be agreed. The royalty payments are expected to around 1% Net Smelter Royalty. The project is open pit and the team’s advanced plans for the mill design is a generic facility that would also be used for the mine in Turkey. It is assumed that the Canadian mine should therefore be ready around mid-2014.
The mines in Turkey and Canada will supply a total of 8,000t per annum of feed material to the roaster with the remaining 12,000t being sourced from third parties. It was assumed that the price paid by the roaster is 65% of base case metal price of $13,000. An operating cost of 1,300 per tonne of contained Sb per annum was used. The working capital requirement would be three months’ worth of feed material for the remaining 12,000 tonnes of contained Sb payable 65% metal value or $25m working capital facility which it has been assumed will cost 1% per month or $3m charges per annum. The roaster is costed for a 25 year life so it should continue for more than 10 years with a tail end possibility life of mines are expanded or other deposits brought into mix.
The total capital expenditure for the two mines and the roaster is $110 million and it is assumed that this will be funded by $60 million debt and $50m million in equity to be raised over the next two years and creating a further 3,000 million shares taking the shares in issue to 8,000 million. The $60 million debt at 10% per annum interest would $6 million per annum in interest charges and repayment is assumed to be in 6 years. It anticipated that the roaster will be ready by mid- 2014. Administration charge has been assumed at $3 million per annum in the early years rising to $4 million.
There is no tax for the roaster in the UAE and corporate tax rates in Turkey and Canada are 20% and 16.5% respectively. The mines will be debt funded at the subsidiary level and so it assumed that tax will not be paid in the early years as there the capital expenditure needs to be overcome first.
Our cash flow model using a 10% discount factor resulted in a Net Present Value of $490.82 million or £306.71 million which equates to 3.83p per shares (based on an assumed 8,000 million shares in issue at that time).

[share_cruise] 19/2/2015 21:10

The information from the broker report I posted the other day did, I will find it out again.

[mike600] 19/2/2015 18:16

Do any of the calculations take into account the fact that much of the antimony will be coming from their own mines (less transport costs)?

[share_cruise] 19/2/2015 18:13

This has been well traded the past couple of sessions. Let's see the next bunch of buyers as still a good way to go

[thundercat1] 19/2/2015 16:30

gone quiet on sirius grannypants?