DEREK 1968
05 Dec 2014
Re: Ebitda BNC ( see previous ) I think he is just keeping his options open. There are big savings to be made by avoiding the deletion penalties and from cobalt and other by products. Also they won't have to compromise grades to get in below the agreed levels of manganese oxide, that also hinders volume. BNC can just tune the smelter to account for it. I reckon we will have to wait and see but I believe the market will be caught short.
Vincentinvestor1
05 Dec 2014
gold down USD surges, now theres something you hear everyday. kind of like when a ho oker tells you you were great.A strong currency's a b itch for real assets.... especially goldstack up the physical!
Vincentinvestor1
05 Dec 2014
Re: Ebitda BNC ( see previous ) Kalaa mentioned the 80% in his presentation, cheers have a great wE
DEREK 1968
05 Dec 2014
Re: Ebitda BNC ( see previous ) I doubt Mwa would enter into a agreement with Glencore at a 20% discount to spot for the matte. Mwa can sell that anywhere at better return than 80%. They could toll refine and selling into the eastern market at premium to spot. Kalaa did elude to the refinery at Bindura being part of a government initiative that would allow access to cheaper electricity and with the capacity to realise locally for Bnc and others. It will make Bnc one of only a handful of miner processors globally.
dotlink
05 Dec 2014
lots of buys yesterday and now today lots of sells - pump and dump?
dotlink
05 Dec 2014
from last two updates i say good but the sp is unstable which depends on gold and nickel prices
dotlink
05 Dec 2014
the sellers/profit takers are trying to take down the sp before the half yearly update next week
Vincentinvestor1
05 Dec 2014
Ebitda BNC ( see previous ) 8.000 x ( 18.000 - 14.000) x 65% = 20.800.000 mUS$ before smelter8.000 x ( 18.000 - 13.250) x 80% = 30.400.000m US$ after smelterbasically smelter increases ebitda of BNC with 50% imo
Vincentinvestor1
05 Dec 2014
importance of smelter Before smelter upgrade the EBITDA of BNC was EBITDA≈ (Payable nickel volume x (Metal Price – C1 Cash Costs)) x 65%After smelter upgrade the EBITDA of BNC will beEBITDA≈ (Payable nickel volume x (Metal Price – C1 Cash Costs*)) x 80% C1 Cash Costs* ( 8000 tonnes produced : 8 million savings ( trucking costs = - 1000 US$ + smelter operating cost of US$251/t concentrate = average C1 cost should lower with 750 US$ tonnes/ concentrateRestart on Trojan concentrate only, leaving some additional smelting capacity available at the smelter’s current nameplate capacity of 14 MW, Smelters’ share of LME price of Nickel between 1986–2013 has been average 40% , at this stage its impossible for me to calculate the underlying third party Smelting EBITDA but I would assume that this should be positivefyi imo
Jonathan Osborne
05 Dec 2014
Re: Nickel Sorry couldn't resist. I find it's best for reasons of credibility that when expounding on a topic that one should be able to spell it.I do own a fairly large parcel of MWA accumulated over time. I'm looking forward to the day when the market re-rates this stock, however, I fear that the pall of gloom over commodities generally when coupled with the AIM boat anchor is going to be a damper for some time to come.
AlphaCentauri
04 Dec 2014
Re: Nickel Fascinating response Jonathan. You really are a professional lurker to suddenly chip in with that one! Do you own MWA too? Hope to hear more from you.
Vincentinvestor1
04 Dec 2014
interim results + new support level expect fanatastic interim results as a marketing support for the open offer of 20m$ bondsadding shares at the new bottom of 200days moving average at 2,2pimo
dotlink
04 Dec 2014
the sellers are in the lead again with a huge late seller, seems like no matter how much buying there is today its still to go down because the volume is still too small
Jonathan Osborne
04 Dec 2014
Nickel I'm pretty sure the word Nickle isn't in the English dictionary either!
dotlink
03 Dec 2014
when the nickel price was around 9 usd/lb that is why the sp went up to 4p and then down when nickel price went down to less than 7
