Should be moving north soon these should start to ramp up as the start of processing gets nearer
Signs of life in the AIM sector Post Sun Jul 05, 2015 3:24 pm it's still a stock picker's market [link]
Hi. First time poster. Been looking for investments that can help bolster my pension plans over the next 5 to 10 years. Been doing a lot of research and am impressed with Wolf and view this as a good opportunity, left a fill order with Hargreaves Lansdown today... So it's a case of C,mon Wolf!! just wanted to introduce myself to the board, and thank all the previous posters for the information posted here, it was very useful in helping me gauge sentiment towards this.
Re: BBC Spotlight Pretty scant report on Hemerdon Mine with lip service paid to the effects on jobs and the benefits to the area. Tonight they have a follow-up programme, interviews with local residents to see what they have to say. I bet they dig out some of the very few complainers about the whole project and put the usual BBC slant on things. NOT IMPRESSED BBC.
BBC Spotlight Spotlight are going to run a short news item on The Hemerdon Mine tonight for anyone who is interested.
To put some perspective on it, it is anticipated that Hemerdon will produce 500 tonnes of tin per annum, the current price is just under $15,000 per tonne, which means that Wolf will recieve $7.5 million dollars per annum for the tin, less royalties, smelter and marketing costs, so probably about $6 million per annum for the tin.
I think you have misinterpreted the companies information Devonmaid, [link] check out page 22of the latest presentation, its broken down nicely.
mining cost $64/MTU; Processing cost $53/mtu; Admin costs $12/mtu; Royalties $15/mtu; Rehabilitation $4/mtu, giving a total ongoing production cost of $148/mtu. The debt servicing costs are $42/mtu, giving a total prodction cost until the debt is repaid of $190/mtu of APT. The tin credits are valued at $20/MTU of APT produced (Theres a lot of variables in that figure), which means the breakeven figure for the mine is approximately $170/MTU of APT.
I'm not sure where the idea that the tin credits will pay the mining costs came from, but that is NOT true, from the companies last presentation, the figures are as follows:
A little bit more patience [link]
Re: Solar Powered Have confirmed with a reliable source that the solar panels are to the benefit of Newnham Estate.
Re: Solar Powered Yes, most of the land in that area is owned by Newnham Estate (Mr David Cobbold). Being nearest to Wolf Mine I presume that the initial planning stages sought his consent and because of the disruption in the area, a few fields of solar panels, discreetly laid down would not be out of place. The Newnham Estate have in the past been quite proactive with various local interests in the past, even holding concert events (similar to Glastonbury Festival) on a smaller scale. Best of luck to them.
Re: Solar Powered No idea.There are lots of solar farms set up around us in Somerset. They get subsidies from the government for each Kw produced (which they generally sell on) which makes them economically attractive.
Positive progress Have held these shares for just over a year and am împressed with the information provided by the company and the achievement of planned targets all the way throughAm not surprised that production is going ahead smoothly and professionally
Re: Solar Powered Thanks for that Micky. Who are the solar power panels benefitting?