Ann: Canyon commences drilling at Minim Martap, page-105

First 105 Last

Share
Profile

Follow
Paul12

1,927 Posts.

117

31/01/19

14:04

Post #: 37281922
Share

Originally posted by ozbucheron: ↑

Paul

US$20 to mine, blend and stockpile at rail head (cf Alufer, Guinea), $20 rail to port, $20 sea freight to China = US$60 per dry tonne.

Alufer's FOB cost is US$25 including trans-shipment. It's a very simple operation. I allowed $7/t for trans-shipment and added a bit because Minim bauxite is further from the rail head, particularly the higher grade stuff.

I first estimated $25 / wet t for rail. Kalenn's response was "I've done my own snooping and come up with better figures. (Though not dramatically so). So I'll bung in $20 per dry tonne and that should cover the drama.

$20 / dry t sea freight I estimated up-post using the last year's data from the CBIX site.

Currently the high grade resource (Agnes, Beatrice, Raymonde) at Minim is worth about $66 per tonne on the CBIX site, accounting for available alumina, reactive silica and AL2O3 contribution from kaolinite.

Metro Mining are mining for about US$20 / dry tonne FOB so you could use that number.

Now figure out what the capex might be. US$250M says Senor Kumova. I've got no idea but that's about what it cost Alufer on the coast, not 900km inland. They had to build a barge loading facility but CAY will have to build a stockpiling and train loading facility.

CAY have to figure out how to move the high grade 30-50km to the rail head - operating cost or capital? If it's to be trucked, I'd add another $3-4 per dry tonne to the op cost. If it's to be conveyed I'd add 50% the capex. It's it's to be railed I'd double the capex.

High grading will probably work.

Beneficiation may work but none of us have a clue at the moment.

Expand

Hi Oz,
Thanks for taking the time and including all the detail.

Paul.

CAY Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BVR

Aurora Energy to sell namesake project for US$26M in buyer's shares

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BCC

Ragnar reports strong uranium and vanadium from three new Swedish plays

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

FLX

Zeotech wins QLD gov't funding for metakaolin PFS & FEED study

There are more pages in this discussion • 1 more message in this thread...

First 105 Last

Add CAY (ASX) to my watchlist

(20min delay)
Last 16.0¢		Change -0.005(3.03%)		Mkt cap ! $127.2M

Open	High	Low	Value	Volume
16.5¢	16.5¢	16.0¢	$17.49K	108.9K

Buyers (Bids)

No.	Vol.	Price($)
5	186461	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	125875	3

View Market Depth

No.	Vol.	Price($)
8	4366729	0.080
3	5025316	0.079
3	3750000	0.076
2	45000	0.070
1	40000	0.067

Price($)	Vol.	No.
0.083	150000	2
0.084	345680	4
0.085	364900	4
0.086	430000	2
0.087	230000	1

Last trade - 10.05am 19/11/2024 (20 minute delay)

CAY (ASX) Chart

Ann: Canyon commences drilling at Minim Martap, page-105

Top Stories

Aurora Energy to sell namesake project for US$26M in buyer's shares

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Ragnar reports strong uranium and vanadium from three new Swedish plays

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Zeotech wins QLD gov't funding for metakaolin PFS & FEED study

Buyers (Bids)

Sellers (Offers)