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An updated valuation from me,
TZN - Terramin Australia
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Hmmm Thursdays close was interesting, buying up @ record highs,
Feasibility report is overdue lets hope it this week that it comes out
Feasibility report is overdue lets hope it this week that it comes out
michael_selway
Coal & Phosphate, thats it!
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YOUNG_TRADER said:
Hi so what price does that value TZN at based on those numbers in the spreadsheet
thx
MS
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Competitive? Are they nuts? CBH, PEM, KZL cash costs are all around 35-45c per lb and TZN's Cash Costs are 15c and they call it competitive?
2 weeks to get the full feasibility!
Can't wait!!!!!!!!
Terramin says zinc costs competitive
Monday Apr 17 18:31 AEST
Terramin Australia Ltd says estimated production costs at its Angas zinc mine in South Australia are much lower than on-market commodity prices for zinc.
The zinc developer said new cost figures show a zinc cost of 15 US cents per pound, after credits.
It said the current zinc price of about $US1.34 per pound was nearly 10 times Angas' estimated production costs.
"The considerable differential between production cost and on-market commodity prices for zinc underpins the long-term potential for Angas," Terramin executive chairman Kevin Moriarty said.
The final feasibility report for the mine is expected to be completed by April 28.
2 weeks to get the full feasibility!
Can't wait!!!!!!!!
Terramin says zinc costs competitive
Monday Apr 17 18:31 AEST
Terramin Australia Ltd says estimated production costs at its Angas zinc mine in South Australia are much lower than on-market commodity prices for zinc.
The zinc developer said new cost figures show a zinc cost of 15 US cents per pound, after credits.
It said the current zinc price of about $US1.34 per pound was nearly 10 times Angas' estimated production costs.
"The considerable differential between production cost and on-market commodity prices for zinc underpins the long-term potential for Angas," Terramin executive chairman Kevin Moriarty said.
The final feasibility report for the mine is expected to be completed by April 28.
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No suprises here 
YOUNG_TRADER said:
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Young Trader you are unbelievable! Every time there is a big run in one of my stocks I notice you are there and have been predicting it for months!
TZN up 13.6% so far today!
TZN up 13.6% so far today!
Prospector
Not a scaredy cat anymore
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Hmm, I picked TZN in the ASF competition - I either head straight to number 1 or down to the bottom!!!!
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Hey thanks CTP,
Guys I seriously doubt its a take over, although you never know, more likely its an announcment of financing option secured,
I hope they don't hedge Zinc Sales, but they will need $50m in financing, who knows may even be an SPP or stock issue, but unlikely as MD has said he doesn't want to dilute existing holders returns hence why he wants debt,
Either way I been saying it for yonks, $1.50/$1.60 here we come!
Guys I seriously doubt its a take over, although you never know, more likely its an announcment of financing option secured,
I hope they don't hedge Zinc Sales, but they will need $50m in financing, who knows may even be an SPP or stock issue, but unlikely as MD has said he doesn't want to dilute existing holders returns hence why he wants debt,
Either way I been saying it for yonks, $1.50/$1.60 here we come!
michael_selway
Coal & Phosphate, thats it!
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YOUNG_TRADER said:
Hi do u know when TZN start production and how many tonnes pa, esp the first year, ie FY 2007?
thx
MS
michael_selway
Coal & Phosphate, thats it!
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Jay-684 said:
dude its out of trading halt now
Prospector
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Looks like a nice day in the office for me today with the ASf comp - and my portfolio too
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A very nice day indeed Prospector, does anyone know of the implications of this announcement? I'm not a fundamentals guy but it seems to have had a big effect.
Prospector
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I do know that the locals are not in favour of this mine. I dont live very far way from Strathalbyn and there are signs all over the place. Guess they dont mind visual graffiti - just hate the mine concept!
I am not sure whether or not the Government has a position on it. My bet is that if there is some nice money involved then it will be thuumbs up!
I am not sure whether or not the Government has a position on it. My bet is that if there is some nice money involved then it will be thuumbs up!
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Hmmmm, it looks good,
They are saying a Zinc cash cost of 18c per lb, given zinc spots of $1.40 + sounds good,
If you search back far enough I said the results would catch the market by suprise, I still think $1.50 - $2 is on the cards given its a 3 project company, also Net Cash Flows of $350m is huge for a company with only 90m shares including Sempra placements,
I bet you Macquarie will do the funding and pick up a whole bunch of options as well,
Still room to move, will only look @ selling @ around $1.70 level and then move on,
In short term though stock should consolidate around $1.10 level before moving up higher, Full Feasibility should be out by the end of the month
They are saying a Zinc cash cost of 18c per lb, given zinc spots of $1.40 + sounds good,
If you search back far enough I said the results would catch the market by suprise, I still think $1.50 - $2 is on the cards given its a 3 project company, also Net Cash Flows of $350m is huge for a company with only 90m shares including Sempra placements,
I bet you Macquarie will do the funding and pick up a whole bunch of options as well,
Still room to move, will only look @ selling @ around $1.70 level and then move on,
In short term though stock should consolidate around $1.10 level before moving up higher, Full Feasibility should be out by the end of the month
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Given current mkt cap is 90m shares @ $1.20 = $108m
Project EBIT will be $343m, stock is trading @ between 1/3 to 2/5's Angas EBIT
In its first year of full operation, 2008, forecast net cash flow
would be A$75 million at current metal prices
If current world zinc prices are maintained, the project
would generate net cash flows of A$343 million before hedging
interest, tax and depreciation over its initial seven year life.
Project EBIT will be $343m, stock is trading @ between 1/3 to 2/5's Angas EBIT
In its first year of full operation, 2008, forecast net cash flow
would be A$75 million at current metal prices
If current world zinc prices are maintained, the project
would generate net cash flows of A$343 million before hedging
interest, tax and depreciation over its initial seven year life.
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thanks Young Trader, you are unbelievably well researched! do you do this full time? and if so, how many porches do you own?
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