ShareCafe Posted September 28, 2007 Share Posted September 28, 2007 Created by request: CARPENTARIA EXPLORATION LIMITED (CAP) Thankyou ShareScene.com Link to comment Share on other sites More sharing options...
jackob Posted April 20, 2010 Share Posted April 20, 2010 run run....80..million ..should get it started.... Link to comment Share on other sites More sharing options...
jackob Posted April 20, 2010 Share Posted April 20, 2010 nice move... Link to comment Share on other sites More sharing options...
Marana Posted April 23, 2010 Share Posted April 23, 2010 Today's presentation. $204/t x 68% grade - costs = $65 tonne margin. Sounds great. 20mt x 20% share = $260m EBITA to CAP free carried. Sounds to good to believe. Is CAP telling us they are going to produce 20mt pa of pellets? How costly is that? What would the capex be? $2 billion? Sounds like pipe dreams. Subtract $20m pa for depreciation, add 30% tax. On 100m shares, CAP can earn $1.68 EPS. Still, it all sounds all too big, all too soon. Pellet plant is probably very expense Compare to FWL. I recall those 500,000 tpa pellet plants were quite costly. Compare to GBG. 8Mtpa initial production of high grade magnetite concentrate Average 68.2% Fe magnetite concentrate grade with low impurities 4Mtpa pellet production at a new plant in China, also in joint venture with AnSteel average 66% Fe pellet grade GBG say 4Mtpa pellet production at a new plant in China but CAP say 20Mtpa pellet production at a new plant in Broken Hill. Sure. Link to comment Share on other sites More sharing options...
woddonnee Posted April 23, 2010 Share Posted April 23, 2010 G'day I suggest having a closer read, CAP are free carried, this is the best deal I've ever seen for a junior. Potentially massive upside cheers Rod Link to comment Share on other sites More sharing options...
Marana Posted April 23, 2010 Share Posted April 23, 2010 I phoned the company. 20mpta is merely the amount on the contract they remain free carried to. I cannot image the construction of a 20mtpa capacity pellet plant. 6mtpa sounds large. 10mtpa would be max. Link to comment Share on other sites More sharing options...
woddonnee Posted April 23, 2010 Share Posted April 23, 2010 G'day 20MT is a big target but there are facilities this size elsewhere. Not sure if you are a more reliable source for the company's plans than the company announcements but will stick with them for now. Most JV arrangements involve either limited funding or funding up to BFS or decision to mine. This deal is free carry through mining and production and a massive stack of cash along the way. I'll agree that it does sound too good to be true and maintain some skepticism. BMG have agreed to throw in $81m in the near term so hopefully based on something more than "pipe dreams" cheers Rod Link to comment Share on other sites More sharing options...
mme Posted April 24, 2010 Share Posted April 24, 2010 I put my toe in the water with this one buying some options on Friday after reading about this Company. Certainly reads impressively imo. Link to comment Share on other sites More sharing options...
sohu Posted April 25, 2010 Share Posted April 25, 2010 This is a big potential one, I got in 26 cents last week. I will buy some more options tomorrow. Link to comment Share on other sites More sharing options...
sohu Posted April 26, 2010 Share Posted April 26, 2010 $81 million sound like cash takeover. at lease SP worth 90 cents at moment. so it is good investment for long term. Link to comment Share on other sites More sharing options...
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