Diskussion zu Silver Elephant Mining Corp, ehemals Prophecy Development Corp. (Seite 1912)

[likeshares]

Ganz so unvorteilhaft, wie man auf den ersten Blick annehmen könnte, sieht es gar nicht aus!

Die Kosten für die Wiedereröffnung der Mine lagen bei US $2,072,500. Darunter US $175,000 für die Entwässerung. Man darf bei der Bewertung der Produktion auch nicht vergessen, das die Produktion erst im November begann und das hier kein Jahresbericht ist, sondern das hier insgesamt die allgemeinen Kosten für das laufende Jahr auf 2 Monate Produktion mit 89000t umgelegt wird. Nächstes Jahr, wenn 12 Monate zu den selben Konditionen produziert wird, relativieren sich die Kosten im Bezug auf das Umlegen auf die Produktion. Die Verteilung war nach den erwirtschafteten Preisen wie folgt:

50% x 36$ und 40% x 20,50$, das sind dann (89000t x 0,6 x 36$) + (89000t x 0,4 x 20,50$) = 29,80$/t

durchschnittlicher Verkaufpreis. Setzt man dem gegenüber die Kosten von 29,50$/t, hat Prophecy Coal den break even schon innerhalb der Produktion von 2 Monaten erreicht. Es fehlt an Menge, die allein durch die Jahresproduktion entstehen wird und etwas bessere Preise, die in der Region bei höherer Nachfrage oder durch längere zuverlässige Belieferung entstehen sollten. Dazu wird mit Zehltura nochmals Sparpotential von ca 2$/t für die Lieferungen nach Rußland eröffnet. Für ein erneutes ramp up gute Daten, die für den nächsten Jahresbericht mehr erwarten lassen, als es zunächst einmal erschien. Insgesamt eine erfreuliche Entwicklung für Ulaan Ovoo!


http://www.prophecycoal.com/pdf/2014-Annual-MD&A-and-Annual-…
Zitat*****
Operating costs incurred prior to restarting the Ulan Ovoo mine during the year totalled approximately US $3,898,000. The approximate amounts of significant items included are fuel of US $881,500, contract and consulting services of US $747,000 human resources of US $431,900 and parts and lubricants of US $137,000. Operating costs incurred once mining activities resumed totalled approximately US $2,072,500. Capital expenditures related to Ulan Ovoo totalled approximately US $512,000 for the year which included approximately US $175,000 in dewatering and power generation equipment to prepare the mine for resuming operations.
During the year the Company produced approximately 89,000 tonnes of coal. As of December 31, 2013, the coal stockpile balance was approximately 119,900 tonnes with a value of approximately $1.76 million.
Zitat*****ende


Auch erfreulich, dass Chandgana nun die Konzession erhalten hat!

Zitat*****
In July 2013, the Company applied for a concession with the Ministry of Economic Development (MOED) for the power project. After extensive document submissions and discussions, the Mongolian Cabinet approved the Chandgana Power Plant project as a concession project in January 2014. Subject to negotiations, a concession project may be entitled to stable tax rates, favorable VAT and customs duties, as well as other forms of government subsidies, endorsement and support; all of which can enhance bankability and lead to better financing options for the project. While the Company is pleased with the overall progress and appreciated support from various Mongolian authorities, it cannot offer certainty or a definitive time frame to conclude the Concession Agreement with MOED, or the Power Purchase Agreement with the Ministry of Energy.

2014 Outlook: The Company actively pursues the remaining agreements, approvals and permits required to proceed with the development of the Chandgana Power Plant Project. Prophecy also continues to actively consider the project financing options which include either debt, equity or a combination thereof in addition to joint ventures with international power project developers.
Zitat*****ende

Es geht voran mit Prophecy Coal!

[oesi0815]

hoi hagadi schon in pension, geld alles verschossen beim nachkaufen die letzten drei jahre, oder noch nicht billig genug zum 1000 mal nachkaufen?

lg oesi

[hagadi]

Antwort auf Beitrag Nr.: 46.737.901 von sebaldo am 31.03.14 14:57:55

Boah Sebaldo, wo holst Du es nur her....

das ist ja nun wirklich dein scharfsinnigster Beitrag seit langem...

[sebaldo]

Antwort auf Beitrag Nr.: 46.737.557 von Aurakel am 31.03.14 13:56:40

Sie brauchen unbedingt offtakes mit den Russen. Mit Mongolei-Verkäufen lässt sich m.E. kein Gewinn erzielen.

[Aurakel]

Antwort auf Beitrag Nr.: 46.737.503 von sebaldo am 31.03.14 13:47:25

Zumindest ist der Cash-Burn so gering, dass man noch eine ganze Weile durchhalten kann.

Noch ein, zwei Lieferverträge und wir haben den Break-Even.

[sebaldo]

Das war wohl nichts mit dem positiven cash flow noch im November 2013.

In 2013 insgesamt verkauft : 125.000 to.
Gesamtumsatz : 3,3 mio $

Durchschnittlicher Erlös je to : 26,4 $
Kosten je to : 29,50$


Bei dem working capital muss man berücksichtigen, dass dies maßgeblich aus dem verkauften Tafelsilber besteht (Wellgreen-Aktien) und den Leasingeinnahmen für die zeitweise nicht benötigte LKW-Flotte.

Also, der Nachweis der Wirtschaftlichkeit ist noch nicht erbracht. Da leben wir weiter von der Hoffnung.

[comptonpolarimeter]

"As at the date of this report, the Company’s working capital surplus is approximately $5 million. The Company
has sufficient capital to fund its mining and exploration activities and to cover its administrative costs for 2014."

http://www.prophecycoal.com/pdf/2014-Annual-MD&A-and-Annual-…

[sebaldo]

Verkaufserlöse und Kosten

Since resuming operations, the Company has estimated it`s average cash cost per tonne, including transportation and administration expenses at approximately US $29.50 per tonne and has experienced domestic average sales prices of approximately US $36 per tonne for coal with GCV greater than 5,000 kcal/kg.On the other hand,average sales prices for coal with GCV less than 5,000 kcal/kg was US $20.50 per tonne.

However,approximately over sixty per cent of the Company’s sales in 2013 consisted of sales of coal with GCV greater than 5,000 kcal/kg. Furthermore, domestic market prices for coal with GCV greater than 5,000 kcal/kg range from US $30 to US $50 per tonne, dependant on quantity and point of delivery.

In addition, the Company’s neighbouring market in the Russian regions realize sales prices for coal with GCV of 4,500 kcal/kg to 5,000 kcal/kg ranging from 1,800 to 2,200 Roubles per tonne (US $50 to US $60 per tonne), dependant on point of delivery

[sebaldo]

Kohleverkäufe nach Russland:

During the end 2013 and the first quarter of 2014, management visited a number of potential industrial customers in the Republic of Buryatia, Russia to discuss their coal purchase needs and drafted proposals with the goal of stablishing continuous coal shipments to Russia during 2014. The company is currently negotiating coal offtake agreements with these potential industrial customers in the Republic of Buryatia, Russia.


Grenzübergang Zelthura

In addition, the Mongolia Ministry of Road and Transportation recently issued the terms of reference (“TOR”) for the Zeltura Road feasibility study. After the TOR was issued, Prophecy contracted a consultant to prepare a feasibility study on upgrading the road from Ulaan Ovoo mine to the Zeltura border. Given that the mine is approximately 17km from the Zeltura border (as opposed to approximately 120km from the mine to Sukhbaatar), the re-opening of the Zeltura border crossing would reduce transportation costs and potentially further support increased coal sales to Russia. After the study is complete and if accepted by the Ministry of Road and Transportation (target May 2014), the road upgrade can begin. Concurrently, the Company is working with the Ministry of Finance and Mongolian Customs Office on creating a customs clearing zone at the Ulaan Ovoo mine site for Russian exports that would go through Zeltura. While the Company is pleased with the overall progress and appreciates the support from the Mongolian and Russian authorities, it cannot offer any certainty or a definitive time frame to start transporting coal to Russia through Zeltura.

The Company continues to evaluate operating alternatives (e.g. electrification, conveyance vs. haul) infrastructure improvement, and further management changes in addition to new uses for Ulaan Ovoo coal, methods to upgrade its quality and pursue financial arrangements including strategic partner or joint venture arrangements or the sale of a portion or the entire project. Though management believes the domestic and export thermal coal market appears to be improving and is profitable, the Company is unable to determine whether improvement will materialize and if so, be sustainable, and when, if at all, access to Russian coal markets will be opened, nor the extent of project changes and operational modifications required and the potential value of the coal resources


http://www.prophecycoal.com/pdf/2014-Annual-MD&A-and-Annual-…

[Holderbaum]

wie ist der Jahresbericht ausgefallen?