Wti Oil Etc Discussion Threads

[mattjos] 05/2/2018 18:33

1. Anyone still got any CAF, aka. Pembridge Resource shares? am still holding circa 5k myself

2. As I recall ECE had intended to vend into CAF other assets in Namibia. From the old CAF website:
"By May 2011, ECE had obtained 30 tenements outside of China, including 22 exclusive exploration licenses in Namibia covering 10,687 square kilometres prospective for copper, gold, lead and zinc

One assumes ECE still hold the EPL's ..... Weatherly now looks to be putting down a very strong marker to become the dominant regional miner and consolidator of many disparate assets. There are no shortage of assets to go at.
eg. Kombat Copper, now Trigon Metals, still nowhere near bringing Kombat mine into production.

for newer investors here ......

3. We still have valid EPL132A ... the Tsumeb West extension between Tsumeb and Tschudi. One of the reasons I have remained here. Tsumeb was one of the richest ore pipes in the world and full of unusual minerals as well as the Copper.
Tsumeb West is believed to be an extension of the main Tsumeb orebody.


As per my post 122505 Sept 2012:

"Came across this article recently:



The reference the Germanium in the Tsumeb Ore body is not one I had clocked before:

"It is less well known that the Tsumeb orebody represents the largest known single sulphidic accumulation of germanium (Ge). The original resource was estimated to 2,160 tons (LOMBAARD et al., 1986), but only 87 tons have been extracted during the mining period between 1907 and 1996...."

That leaves 2073 tonnes remaining ..... Germanium prices have recently been trending upwards from very depressed levels, off the back of the Chinese govt decision to hugely increases their power derived from solar - one of Germanium's main uses these days, in addition to fibre-optics.

Germanium Dioxide trades for circa $1,300 / Kg
Germanium Metal trades for circa $1,600 / Kg

So very roughly, the remaining Germanium at Tsumbeb, of 2073 Tonnes, has a market value of something between:

2073*1000*1300=$2,694,900,000 if Germanium Dioxide
2073*1000&1600=$3,316,800,000 if Germanium Metal

The report also suggests the presence of Ge at Khusib Springs, which Ongopolo used to own .. not sure if they still do or if it was sold to Dundee as part of the Kombat deal. Anyone know for sure?

At the end of the report, the author thanks our old friend Mr. Neethling (ex-general manager of Ongopolo & head of Webster's "Not to send a Xmas card to" list)
... the very same Neethling now advising TSX:KBT in their efforts around Tsumeb.

I know nothing about the mining/processing methodology or costs of Germanium but, such a large concentration of the stuff in/around Tsumeb/Tsumeb West will surely not be left there for too long, given its current value."

[bionictwat] 05/2/2018 16:13

Rollover last 2 trades

[bionictwat] 05/2/2018 16:05

Can see double digits here soon

[billthebank] 05/2/2018 16:00

POC $7200 Extraction costs at Tschudi presently circa $4500. Nameplate production at Tschudi 17000 tonnes Income =$46M/annum. If POC stays at this value Orion could receive some money very soon!!!! A 5% increase in the POC means another$2M in the coffers!!!

[someuwin] 05/2/2018 15:41

No online buy quote.

[gozo] 05/2/2018 15:34

Glad this is moving back up...deserves to be 3p (minimum) given recent transformational announcements and future prospects.

[wassapper] 05/2/2018 11:01

I'm back in. A bit later than I would have liked. WTI has made good money for me on two occasions before. Going for a third. The diversification brought by Berg is very good. There are similarities to CAML here, although CAML is the true star. If WTI gets to be worth half of CAML we should all be very happy.

[wassapper] 05/2/2018 10:59

million tonne

[leedskier] 05/2/2018 10:38

ORC-compliant Mineral Resource Estimate of 1.23Mt @ 15.47% Zn, 3.84% Pb and 0.33% V2O5 (Indicated classification) using a cut-off grade of 3.0% Zn

· JORC-compliant Ore Reserve Estimate of 1.7Mt @ 11.16% Zn, 2.76% Pb and 0.23% V2O5 (Probable classification) at a 5% Zn equivalent cut-off

· Post-Tax NPV10 of US$29m

· Post-Tax IRR of 25%

When the RNS refers to Mt is it using this definition?

Megatonne (Mt), a unit of mass equal to one billion kilograms

and

NPV10 as I understand it is the annual after tax income expressed at a 10% discount rate.

(Those numbers reflecting the 2014 prices of Zinc and Lead, which as WTI notes have risen somewhat since then).

[billthebank] 05/2/2018 10:10

Cracking acquisition this!!!! To be bought out of cashflow even better! Orion must be really happy with this. Could we see orion debt repayments being made in Q2? Clearly the Orion $10M facility being poss used is even more vindication of ORIONS support for Weatherly. This is going to be a major winner as long as commodity prices remain strong. That IMO is the bottom line Today $3.2/pound

[leedskier] 05/2/2018 09:46

At the current bid price the MM are trying to restock.

[bionictwat] 05/2/2018 09:35

No shares available all NT

[leedskier] 05/2/2018 09:31

ZINC PRICE COMMODITY
3,576.75 USD

[leedskier] 05/2/2018 09:28

if this one gets to 46p as SOLG did, I would be very happy.

[spights] 05/2/2018 09:26

Yehaaaaaaaa

[bionictwat] 05/2/2018 09:16

SOLG style rise I think here

[bahamasoil] 05/2/2018 09:13

As one of the remaining 10% minority shareholders of CAR from the time of the dividend.
WTI will hold 90% of the Berg Aukas asset, will WTI now make an offer to acquire the balance of shares not held?

Any thoughts?

[someuwin] 05/2/2018 09:08

Fantastic news!

[someuwin] 05/2/2018 09:05

05 February 2018

5 February 2018

This announcement includes release of insider information

Weatherly International plc (AIM:WTI)

("Weatherly" or "the Company")

Agreement to purchase additional 65% of Berg Aukas

Weatherly is pleased to announce that it has entered into a binding agreement to increase its ownership of China Africa Resources Namibia Limited (CARN) from 25% to 90%. CARN is a private Namibian company which owns 100% of the high-grade Berg Aukas underground zinc-lead-vanadium project near Grootfontein.

CARN share purchase

CARN was previously held 100% by China Africa Resources plc (CAR), formerly listed on AIM, and now known as Pembridge Resources, listed on the standard list of the LSE.

In December 2016, 100% of the shares in CARN were distributed via a dividend to existing shareholders of CAR. The two largest shareholders of CAR at that stage were Weatherly with 25% and Hong Kong East China Non-Ferrous Mineral Resources Co Ltd (ECE) with 65%.

As a result, Weatherly owns 25% of CARN, ECE owns 65% of CARN, and the remaining 10% of CARN is held by the remaining minority shareholders of CAR at the time of the dividend.

Weatherly and ECE have now entered into a binding agreement whereby Weatherly will purchase all of ECE's shares in CARN for cash consideration of US$600,000 in order to increase Weatherly's ownership of CARN to 90%. The transaction is subject to regulatory approval in Namibia, following which the full consideration will be paid to ECE immediately. The Company expects to fund the transaction through operating cash flow but in the event that it cannot, Weatherly has obtained a waiver from Orion Mine Finance to use part of the uncommitted US$10m loan announced on 28 July 2017 to fund the transaction.

Berg Aukas Project

In 2014, CAR published a PFS for Berg Aukas which indicated the following key parameters.

-- JORC-compliant Mineral Resource Estimate of 1.23Mt @ 15.47% Zn, 3.84% Pb and 0.33% V(2) O(5) (Indicated classification) using a cut-off grade of 3.0% Zn

-- JORC-compliant Ore Reserve Estimate of 1.7Mt @ 11.16% Zn, 2.76% Pb and 0.23% V(2) O(5) (Probable classification) at a 5% Zn equivalent cut-off
-- Post-Tax NPV10 of US$29m
-- Post-Tax IRR of 25%

The 2014 PFS was based on assumed prices of US$2,000/tonne for zinc and lead. The vanadium is present in the mineral descloisite which has a limited market and the PFS assumed no credit was received for the vanadium content.

Prices for all three of these commodities have improved markedly since that time, and Weatherly has initiated an update of the PFS to examine the impact of these improved prices and updated capital and operating cost estimates on the Project's key financial metrics.

Further announcements on the progress of the share purchase and the PFS update will be made in due course.

The Company and its subsidiaries are unlikely to generate sufficient surplus cash to meet all loan repayments when due, particularly in the near term. The Company continues to positively engage with Orion on the subject.

[mattjos] 05/2/2018 09:04

What a result!!!!

[mreasygoing] 05/2/2018 09:02

Fantastic stuff.

[bionictwat] 02/2/2018 12:50

Sorry wrong board