supeman1
02 Aug 2016
moving back up
supeman1
02 Aug 2016
all sounds very very positive
supeman1
27 Jul 2016
i would not let these go - plenty left in the tanks
Simbrad
27 Jun 2016
"This is a very significant capital cost reduction and clearly good news for Sirius shareholders, although $2.91b is still a massive funding requirement for a company of Sirius' size. Management hopes that by splitting the capex into two stages the quantum is somehow reduced, but the fact is, it needs $2.91bn of funding to get the mine to profitability in year 7. That said management is planning to fund Stage 1 with 50% equity and 50% junior debt plus other instruments (e.g. royalty), and to fund Stage 2 with 100% senior debt. So splitting the funding into 2 parts is a valid approach, at least with regards its negotiations with potential funders. As things currently stand, 50% of $1.09bn is c £0.39bn (1.4 GBP:USD), not far off Sirius' current market value, but not an impossible feat. Management can reasonably argue that with an NPV10 of $15.3bn (£11.0bn) and EBITDA in year 9 of $1.8bn, £0.39bn for 50% of the company is a very attractive investment." Beaufort note out this morning on research tree
jaja
14 Jun 2016
watch JLP... about to move up with huge platinum assets
Simbrad
08 Jun 2016
SP Angel's note out this morning: "Sirius Minerals reports that it has “entered into a new take-or-pay agreement ... with Yunnan Dian Huang Peony Industrial Group†(Dian Huang) The agreement will cover a “period of ten years from first production, ramping up to one million tonnes per annum over the first six years of the contractâ€. Pricing will remain confidential, however the Company advises that... Sirius Minerals continues to expand and develop market acceptance of the polyhalite product. The restructuring of the offtake agreements with Dian Huang and TCT provides a longer tenure to the agreement and hence adds an improved level of “confidence to both parties moving forward". Scraped this from Research Tree
Simbrad
03 Jun 2016
"The aforementioned selection of contractors for the North Yorkshire polyhalite project is a positive development for Sirius. The company plans to work with its partners for successfully implementing the Project. Last month, Sirius informed of expansion of probable ore reserve at the Project which reaffirms the outstanding nature of the deposit. The expansion comes even as the reserve was touted as the world's largest and highest quality polyhalite reserve. Moreover, the economic viability of exploiting this asset has been confirmed by the DFS. Contrasting with many other junior exploration/development minors, Sirius has continued to deliver both operationally (drilling, marketing/offtake, feasibility studies and permitting) and through shareholder value." Beaufort's note from this morning on Research Tree
supeman1
08 Apr 2016
glass ceiling hit
supeman1
08 Apr 2016
glass ceiling hit
supeman1
08 Apr 2016
something going on
jaja
17 Mar 2016
platinum up massive 4%... JLP slowly gathering interest
supeman1
17 Mar 2016
with many billions needed to develop the mine - this is a long term investment - 15 years at least - best bet is to wait 5 years imho
jaja
15 Mar 2016
JLP ticking up now. asset 3bn for JLP
supeman1
15 Mar 2016
lots n lots of potential here
