Australia's largest stock trading and investment forum Australia's #1 stock forum

TMT

Click for more information

1.45%

35.0¢ technology metals australia limited

What makes TMT capx low compare to TNG, page-6

First 6 Last

Share
Profile

Follow
stevenlala

386 Posts.

17

05/08/18

02:02

Post #: 34725864
Share

Originally posted by thebeautifulstyle ↑

Low grade ore has been in the news for the last few years because of TNG
and the publicity they've gotten.
It takes a while for people to realise what low-grade resourse actually means.

If your ore is 1/3 pure then the capex is 3x more. Its pretty much that simple.

Another thing that people dont consider is the time aspect to mine and process low-grade.
Sure the much higher capex processing and digging will amaeloriate that problem to
a certain extent but not fully. Time is money and the slower you put out end product
the lower your profit.

And another, with low-grade you are more susceptible to risk from a falling
ore price, as the complicated processing is not so easily adjustable to a lower
production rate.

I can go on, (including the high pollution that low grade processing puts out), but I wont.
Let the market decide.

Expand

Thank you guys for your patient and clear explanation. Appreciated.
I invest in a couple of uranium stocks. VMY have very high level of concentration but with very high level of CAPX compare with Australian peers. Anyone knows why? The depth looks Ok as well.

TMT Price at posting: 76.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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

First 6 Last

Add TMT (ASX) to my watchlist