#ATM@Andrada_Mining This is exactly when and why you invest in a mining company. All that work, all that capital deployed has finally resulted in the first net profit. £8.3m gross profit and £2.5m net after tax.
And this is just the beginning. There is a fully funded expansion programme. This will grow production from the current 1150t p/a run rate to circa 1800t p/a run rate. net profits will grow to $12.5m on a $50 000 tin price....on a 100 year mine life. Fabulous maths. (this doesn't include the potential of high grade or the tantalum credit)
And then we have two other projects each having huge value being worked up and financed by two mining titans, SQM and ACAM.
We are due a plethora of news over the next 6 months re. drilling results on Lithium Ridge, the next phase of SQMs investment.
Brandberg West, drilling results and bulk sampling results on the tailings, waste ore and fresh rock...then ACAMs move into phase 2 of the investment.
Had a good meeting yesterday hosted by @AmonkMonkey Everything on track and ticking along nicely.
Capital structure and balance sheet in fine shape. Nothing holding this back now. https://t.co/9Yb3SC1Qm6
Copper needs $ 332bn of new mines.
Each one takes about 17 years to build.
Bloomberg new outlook sees a deficit starting in 2028 and widening to 20 million tonnes by 2050.
That’s about 44% of demand.
9 of the 10 transition metals it tracks now look covered. Copper is the odd one out.
Demand rises 61% to almost 46 million tonnes by 2050. Electric transport alone needs 11.4 million.
You can print money.... You can’t print a mine.
Saw Serval #SRVL raised £6.5m. They are exploring in the #KaokaCopperBelt in #Namibia. If you're in you should take a look at Okopa plc #OKP who have also raised funds to develop their contiguous licences in the same region. Okopa has agreements with local mining claim holders for oxide production as well as royalty income from historic US assets. Looking to develop deeper sulphides. I'm invested in both, more in @okopaplc #mining #copper #copperexploration #miningjuniors #miningequities #GCM #OMR #resourceinvestor #buycopper
Looking forward to working with our local Namibian partners to rapidly evaluate the data from c$4m of exploration spend on our licences in the #KaokaCopperBelt. Short term production in a bullish copper pricing environment. Fully funded following last weeks raise. #mining#AIM
Great outlook for #copper - we are fast tracking oxide and develop deeper sulphides in Namibia - fully funded #mining#resourceinvestor#invest#buycopper prhttps://www.kitco.com/news/article/2022-09-21/coppers-price-will-more-double-due-elevated-demand-and-green-technology-rob
Delighted to launch our new strategy in Namibia’s emerging Kaoko Copper Belt.
Strategy focused on near-term #copper oxide production, plus exploration for additional oxide resources and deeper sulphide mineralisation
#mining#exploration#AIM#smallcaps#energytransition#OKP