TMT - Technology Metals Australia

[System]

Technology Metals Australia Limited has agreed to purchase a 100% interest in The Kop Ventures Pty Ltd which owns the Gabanintha Project, comprising of 4 prospecting licences and 1 exploration licence in the mid-West of Western Australia.

The Gabanintha Project area is located near the ghost town of Gabanintha in the Shire of Meekatharra, about 830 kilometres North-North-West of Perth and 40 kilometres South-East of Meekatharra. The Company has agreed to acquire the Gabanintha Project primarily for its potential for vanadium but there is the possibility that titanium and iron could also be present. Copper is also known to occur in the region.

It is anticipated that TMT will list on the ASX during December 2016.

http://www.tmtlimited.com.au

 

[doogie_goes_off]

Up 240% for the year, is any one watching...

 

[barney]

Up 240% for the year, is any one watching...

No … but we should have been

Still a while till proposed Vanadium Production … 2021 but the PFS threw out some good numbers

$380 million start up costs expected to pay back in under 3 years …

Life of Mine 13 years to begin before any resource upgrades

Post Tax NPV $850 million

Small register/ tightly held …. 55 million shares Only 33 million tradeable, hard to get in at a decent price now

$35 million Market Cap … Tiny Company with a big resource …. Potential takeover target in the future I'd assume.

PS Where you been Doogie

 

[greggles]

Up another 16.15% to 75.5c today. I haven't looked into the fundamentals of TMT yet, but it's certainly had a great month.

 

[doogie_goes_off]

Hiding under a rock Barney...

 

[barney]

Hiding under a rock Barney...

Lol … Hope you put that fish in the fridge!

 

[doogie_goes_off]

TMT have bounced back 10% yesterday after coming back from a capital raising sell down. Will be interesting to see if someone has accumulated in the dip.

 

[doogie_goes_off]

Good Vanadium results yesterday, expecting a steady climb back to old highs...

 

[doogie_goes_off]

Weak response to this news:

GABANINTHA NORTHERN BLOCK RESOURCE UPGRADE

MEASURED AND INDICATED MINERAL RESOURCE ESTIMATE INCREASED BY 39% TO 30.1MT AT 0.93% V2O5 (JUNE 2018 PFS HAD 13 YR MINE LIFE ON 21.6MT INDICATED RESOURCE).


GLOBAL HIGH GRADE MINERAL RESOURCE ESTIMATE INCREASED BY 29% TO AN OUTSTANDING 71.2MT AT 1.1% V2O5.

MAIDEN BASE METAL RESOURCE ESTIMATE DEFINED ASSOCIATED WITH FRESH MASSIVE MAGNETITE ZONE.

DETAILED HIGH QUALITY DEFINITIVE FEASIBILITY STUDY ON TRACK DUE FOR DELIVERY IN MID 2019 BASED ON UPDATED MEASURED AND INDICATED RESOURCE ESTIMATE.

 

[doogie_goes_off]

Note the trading halt pending off take arrangements- a very stacked trading spread...

 

[doogie_goes_off]

Slight uptick in Vanadium price might be signs of a pulse - back above $8/lb in China. Fingers crossed that's the bottom.

 

[doogie_goes_off]

$8.50 V2O5 a pound now and news that ferrovanadium demand is on the rise - Metal bulletin.

The export price for ferro-vanadium in China rose for a second consecutive week in the latest assessment period ended on Thursday June 6, tracking the strength seen in the domestic market.


Fastmarkets MB assessed the export price for ferro-vanadium, min 78%, fob China, at $35-36.50 per kg on June 6, up by 2.1% from $34-36 per kg a week ago. Many Chinese ferro-vanadium exporters maintained firm offer prices last week on noticing that the domestic price has been on the rise amid resumed buying interest from both traders and mills in China.

Watch this space.

 

[doogie_goes_off]

DFS announcement provides some impressive metrics for the Gabanintha project incl. EBITDA of >4Bn.

 

[barney]

DFS announcement provides some impressive metrics for the Gabanintha project incl. EBITDA of >4Bn.

They could certainly use some positive news .. been a big fall from grace the last 12 months

So a $20 million market cap … $3 million cash in the bank and only 87.5 million shares on issue

I'd say there is room for a solid re-rate

Little bit of time before proposed construction will be the only hurdle perhaps

 

[Smurf1976]

They could certainly use some positive news .. been a big fall from grace the last 12 months

Down over 14% today so not going too well thus far.

 

[Smurf1976]

Down over 14% today so not going too well thus far.

With a rise of 10% the following day to a close of 16.5c

 

[barney]

With a rise of 10% the following day to a close of 16.5c

Reverse Inside day … not a great looking chart but on the positive side they announced a $2.7 million R and D refund from the ATO/Gov today so that has to help a bit.

Not sure how accurate Morning Star are but they valued these guys at 29 cents back in August. Does look a bit oversold at face value.

 

[doogie_goes_off]

Hello TMT watchers, please have a look at this news flow...

https://www.flsmidth.com/en-gb/comp...roasting-kiln-to-tmt-gabanintha-vanadium-mine

 

[doogie_goes_off]

Today we got this:

https://www.tmtlimited.com.au/sites/default/files/asx-announcements/6984590.pdf

 

[doogie_goes_off]

This describes the project: