Got to admit you have a very valid point there and I raised it not long ago to management but @ 3.8c we only worth for what we have in assets /plant /and investments … nothing more nothing less ...but is not hard to work out what’s in those tailing even putting light numbers …
Here’s an open eyed view from the German forum I had to have a look to see how they feel with their losses ... :
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Sorry, but you can slowly let the topic of road shows. Does not bring anything, because the course continues to crumble, because the Australian peeks with small volumes pull the course down. I can only hope that it works like EUR. The Australians did not want to know about it and all of a sudden we went off. Again to the facts, especially now the topic Kipushi and Kitwe. I have the President of 05.02. pulled in again: Kipushi Tailing dam: 1000 * 400 * 8m = 3.2 MIO. Cubic meters (Cu% = 0.7%, Co% = 0.68%) Kitwe Tailing dam: 750 * 650 * 15m = 7.3 million cubic meters (Cu% = 0.93%, Co% = 0.43% ) Kipushiplant has a throughput of 150T per hour. = 1.1 million tons / year (312T * 24h * 150T) If I assume now that 1 cubic meter = 1 ton. I come to values of about $ 500 million a year in sales for the next 10 years. Of course, costs still have to be deducted. Moreover, against the backdrop of rising prices especially at Cobalt, copper is becoming more important. So that's just Kipushi + Kitwe. FE with Kasambo is still missing, example calculation I had posted there once, only K5 concerning without K7 + K6. EUR is still missing Latin still missing and still some smaller participations. Sorry, but who casts the Aussies off slowly, that we are undervalued, massive. We have to convince the Aussies because we are always following the Aussie course. Please can that one time post there .... I can not do it ... Or if the Aussies do not get it, maybe we were slow, yes was so synonymous with EUR. Greeting tl2016
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