Metalla Royalty & Streaming Ltd. (vorher Excalibur Resources) (Seite 449)
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ISIN: CA59124U6051 · WKN: A2PW66 · Symbol: X9C
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Letzter Kurs 23.04.24 Tradegate
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| Wertpapier | Kurs | Perf. % |
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| 0,7950 | +30,33 | |
| 11,180 | +14,08 | |
| 208,00 | +13,60 | |
| 11,250 | +12,73 | |
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FeedbackZitat von branigan: Danke für die Willkommensgrüße
Aber warum habt ihr euch denn im Auslandswerteforum versteckt? Im Minenforum wär die Runde größer und würde rasch wachsen.
Aber ich hab euch ja zum Glück trotzdem gefunden
Klein aber fein.
Ich habe hier auf w:o die Erfahrung gemacht, dass so ein guter Informationsthread wie dieser hier, mit guten und sachlichen Beiträgen und Diskussionen zu einem Wert sehr schnell verkommt, wenn erst mal "die Meute" der Basher, Besserwisser, "habe ich Euch doch gleich gesagt"-Typen, Neidhammel, Ahnungslosen auftaucht.
Spätestens dann taucht FANTOMAS wieder unter.
Danke für die Willkommensgrüße 
Aber warum habt ihr euch denn im Auslandswerteforum versteckt? Im Minenforum wär die Runde größer und würde rasch wachsen.
Aber ich hab euch ja zum Glück trotzdem gefunden
Aber warum habt ihr euch denn im Auslandswerteforum versteckt? Im Minenforum wär die Runde größer und würde rasch wachsen.
Aber ich hab euch ja zum Glück trotzdem gefunden
Das Interesse wird hier bestimmt steigen, wenn "commercial production" bestätigt wird. Sollte, wenn alles mit den Testläufen klappt, in der 2. Jahreshälfte passieren.
Dividenden dann 2013. Bei 0,03 pro Aktie sprechen wir von einer Dividenden-Rendite von 20%. Hört sich sehr gut an. Aber alles nur meine Einschätzung. FANTOMAS
Dividenden dann 2013. Bei 0,03 pro Aktie sprechen wir von einer Dividenden-Rendite von 20%. Hört sich sehr gut an. Aber alles nur meine Einschätzung. FANTOMAS
Antwort auf Beitrag Nr.: 42.787.757 von Dicker69 am 22.02.12 11:49:34stimmt, gross ist sie nicht
Antwort auf Beitrag Nr.: 42.787.639 von branigan am 22.02.12 11:27:07Herzlich Willkommen in der kleinen Runde
Trading Spotlight
Die Kursstellung in Frankfurt war die letzten Tage schon total verrückt. Spread teilweise bei 20% und mehr. Ich bin diese Woche ein bißchen zu teuer rein, aber glatte 0,13 Euro ist noch ok. Freitag hatte jemand sogar 0,134 Euro bezahlt.
Bei unter 0,13 Euro wurde ich zu ungeduldig, nachdem die Order einige Zeit nicht ausgeführt wurde. Kaufpanik halt
Ich will den Titel aber mindestens dieses Jahr stehen lassen
Bei unter 0,13 Euro wurde ich zu ungeduldig, nachdem die Order einige Zeit nicht ausgeführt wurde. Kaufpanik halt
Ich will den Titel aber mindestens dieses Jahr stehen lassen
Antwort auf Beitrag Nr.: 42.785.980 von Fantomas96 am 22.02.12 00:08:13Vielen Dank!
Was mir besonders gut gefällt, das Excalibur einen klaren Plan hat und die eigenen Grenzen & Kompentenzen kennt:
Sturgeon Lake's best targets closest to the old Mattabi mine should also be drilled but we would like to do that with an experienced VMS partner in a better Zinc market.
Ich denke Intresse für ein allfälligen JV Partner für Sturgeon Lake sollte vorhanden sein:
Neuer Glanz für Zink (FINANCIAL TIMES DEUTSCHLAND)
http://www.ftd.de/finanzen/maerkte/rohstoffe/:wichtiger-rohs…
Was mir besonders gut gefällt, das Excalibur einen klaren Plan hat und die eigenen Grenzen & Kompentenzen kennt:
Sturgeon Lake's best targets closest to the old Mattabi mine should also be drilled but we would like to do that with an experienced VMS partner in a better Zinc market.
Ich denke Intresse für ein allfälligen JV Partner für Sturgeon Lake sollte vorhanden sein:
Neuer Glanz für Zink (FINANCIAL TIMES DEUTSCHLAND)
http://www.ftd.de/finanzen/maerkte/rohstoffe/:wichtiger-rohs…
Antwort auf Beitrag Nr.: 42.781.897 von Dicker69 am 21.02.12 12:20:51In Canada 10%höher geschlossen bei 550000 Stk. und neues Hoch
Frankfurt möchten noch einige billigst rein, -gelingt bestimmt nicht mehr.
Frankfurt möchten noch einige billigst rein, -gelingt bestimmt nicht mehr.
Antwort auf Beitrag Nr.: 42.785.980 von Fantomas96 am 22.02.12 00:08:13Sehr gut diese Fragestellung. Auch ich habe eine sehr große Meinung von
TG . Excalibur wird uns Freude machen. Zocker wollen wir bestimmt nicht
bei unsere Aktie haben. Ausschliesen kann man jedoch nichts.
Also Fantomas96 weiter solche Berichte,- die helfen uns sehr.
TG . Excalibur wird uns Freude machen. Zocker wollen wir bestimmt nicht
bei unsere Aktie haben. Ausschliesen kann man jedoch nichts.
Also Fantomas96 weiter solche Berichte,- die helfen uns sehr.
Da ich noch einige offene Fragen nach Studium der SEDAR Reporte und der Präsentation hatte, habe ich mich direkt an Tim Gallagher, Chairman und CFO gewendet. Der hat mir prompt, trotz Wochenende und Feiertag in Kanada, geantwortet:
Hier die Ergebnisse der Q&A Session:
1. Estimated Production Costs
TG: I built a sensitivity table on p.19 of our presentation showing the cash flow at different production levels (100-750tpd) and grades(1, 3, 6, 9 grams). In general, we are trying to keep it simple targeting $1000 per ounce profit as that is typical for gold producers with gold at $1700. Since we have an erratic vein system we are expecting alot of variability and clearly until we get some actual material flowing consistently any figures are just estimates. With our small market cap any amount of cash flow at a 5-10x multiple will lead to great return.
2. Dividend and taxes
TG: Its early regarding dividends since the plant isn't up yet. No question most companies haven't done it but the pressure to do so has been building over the last year. In general, gold producers are generating a 50% margin so unless it is a very low grade, high capex operation, there is no reason not to pay a substantial dividend so that is our goal. Based on the $1000 per oz profitability assumption we think we can pay a dividend especially as we don't have the typical mining company overheads so we can target up to half the available cash flow(after taking care of plant and expansion needs). So for example, roughly the first $5-600k in free cash flow implies a 1 cent dividend at this point. Our role model is GORO -Gold Resource Corp which pays a 5 cent per month dividend. Also, Starcore(SAM) which has a similiar operation east of Pinos is planning to pay a dividend in 2013 after it pays off a hedge which has been costing them $1 million per month. Taxes are a factor, however, historical losses will shelter income for the forseeable future.
3. Minera Catanava Joint Venture
Frage: Going through all the Financial Statements since signing this JV agreement in September 2010, I´ve found different statements regarding the ongoing financing of the project. First XBR was just funding the equipment, then the pro-rata funding would commence at the point of commercial production and then it was stated that the pro-rata funding would start 2 months after starting commercial production.
When does the pro-rata funding start ?
TG: XBR has provided all the financing to date averaging about $100k per month(roughly split between equipment purchases and payroll) with a budget of $2 million to get into production($1.6 million to date). The agreement regarding splitting cash flow is 2 months after starting commercial production.
4.TSX Venture Listing
TG: The timing has been under our control. The market was weak in 2011 and we needed to provide updated 43-101 reports. We wanted to have the most advanced snapshot of the status of the Catanava plant in our submission, so we took the fellow who is doing the 43-101 report to the site to do some sampling December 2011. Hopefully, this report will be completed and submitted to the TSXV in March.
5.Was passiert mit dem Catanava Cash Flow ?
Frage: And my final question would be on the use of cash flow. If half of it is used for dividends, would the remaining half be only spend on Catanava or are there plans to use some of that cash for exploration at Silver King/Cariboo or Sturgeon Lake?
TG: Currently, we think the most leverage and investor interest is in Catanava and particularly in expanding the plant size, given the signficant impact on cash flow. There is no compliant 43-101 resource so more drilling and sampling needs to be done, especially to explore depth potential, since historic workings are very shallow, down to the water table of 100 meters. It is also our goal to increase our ownership and explore the rest of the Pinos District - a 1994 suggests there is potential for 3-4 bulk ton targets for example. Regarding Silver King, it has only been drilled to a 70 meter depth so the primary gold target below the old mine should be drilled this Summer. Sturgeon Lake's best targets closest to the old Mattabi mine should also be drilled but we would like to do that with an experienced VMS partner in a better Zinc market.
FANTOMAS
Hier die Ergebnisse der Q&A Session:
1. Estimated Production Costs
TG: I built a sensitivity table on p.19 of our presentation showing the cash flow at different production levels (100-750tpd) and grades(1, 3, 6, 9 grams). In general, we are trying to keep it simple targeting $1000 per ounce profit as that is typical for gold producers with gold at $1700. Since we have an erratic vein system we are expecting alot of variability and clearly until we get some actual material flowing consistently any figures are just estimates. With our small market cap any amount of cash flow at a 5-10x multiple will lead to great return.
2. Dividend and taxes
TG: Its early regarding dividends since the plant isn't up yet. No question most companies haven't done it but the pressure to do so has been building over the last year. In general, gold producers are generating a 50% margin so unless it is a very low grade, high capex operation, there is no reason not to pay a substantial dividend so that is our goal. Based on the $1000 per oz profitability assumption we think we can pay a dividend especially as we don't have the typical mining company overheads so we can target up to half the available cash flow(after taking care of plant and expansion needs). So for example, roughly the first $5-600k in free cash flow implies a 1 cent dividend at this point. Our role model is GORO -Gold Resource Corp which pays a 5 cent per month dividend. Also, Starcore(SAM) which has a similiar operation east of Pinos is planning to pay a dividend in 2013 after it pays off a hedge which has been costing them $1 million per month. Taxes are a factor, however, historical losses will shelter income for the forseeable future.
3. Minera Catanava Joint Venture
Frage: Going through all the Financial Statements since signing this JV agreement in September 2010, I´ve found different statements regarding the ongoing financing of the project. First XBR was just funding the equipment, then the pro-rata funding would commence at the point of commercial production and then it was stated that the pro-rata funding would start 2 months after starting commercial production.
When does the pro-rata funding start ?
TG: XBR has provided all the financing to date averaging about $100k per month(roughly split between equipment purchases and payroll) with a budget of $2 million to get into production($1.6 million to date). The agreement regarding splitting cash flow is 2 months after starting commercial production.
4.TSX Venture Listing
TG: The timing has been under our control. The market was weak in 2011 and we needed to provide updated 43-101 reports. We wanted to have the most advanced snapshot of the status of the Catanava plant in our submission, so we took the fellow who is doing the 43-101 report to the site to do some sampling December 2011. Hopefully, this report will be completed and submitted to the TSXV in March.
5.Was passiert mit dem Catanava Cash Flow ?
Frage: And my final question would be on the use of cash flow. If half of it is used for dividends, would the remaining half be only spend on Catanava or are there plans to use some of that cash for exploration at Silver King/Cariboo or Sturgeon Lake?
TG: Currently, we think the most leverage and investor interest is in Catanava and particularly in expanding the plant size, given the signficant impact on cash flow. There is no compliant 43-101 resource so more drilling and sampling needs to be done, especially to explore depth potential, since historic workings are very shallow, down to the water table of 100 meters. It is also our goal to increase our ownership and explore the rest of the Pinos District - a 1994 suggests there is potential for 3-4 bulk ton targets for example. Regarding Silver King, it has only been drilled to a 70 meter depth so the primary gold target below the old mine should be drilled this Summer. Sturgeon Lake's best targets closest to the old Mattabi mine should also be drilled but we would like to do that with an experienced VMS partner in a better Zinc market.
FANTOMAS
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