Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Seabed mining uncovers potential of the deep.
#1

Nice article in Resource People magazine, published by AMMA (Austraila Mines and Metals Association).  Some key quotes from CEO Johnston:

"We have the potential to produce between 80,000 - 100,000 tonnes of copper per year with Solwara 1.  In the current environment that's an annual capital intensity of $4,500 - $6,000 per tonne," he explains.

To build a mine on land of the same production capacity would have an annual capital intensity of $15,000 - $25,000 per tonne.

"This project has the potential to have a significant impact on mining.  I see no reason why we can't do this on a larger scale."

So that means Nautilus will have a CAPEX of between 25% and 30% of what a land-based mine would cost per tonne, with a significantly smaller environmental footprint.  Good reason why China and others want in on the action.

http://issuu.com/resourcepeople/docs/res...7/12639924

Reply

#2

I prefer the begining of the last sentence:

As Nautilus Minerals inches closer to production, it will undoubtly draw unprecedented attention ... <img src=" border="0" class="smilie" src="http://1.1.1.1/bmi/shareholdersunite.com/mybb/images/smilies/biggrin.gif" />

Reply

#3

(05-10-2015, 08:18 PM)seabedmining Wrote:

I prefer the begining of the last sentence:

As Nautilus Minerals inches closer to production, it will undoubtly draw unprecedented attention ... <img src=" border="0" class="smilie" src="http://1.1.1.1/bmi/shareholdersunite.com/mybb/images/smilies/biggrin.gif" />

All I can say is wow! If this proves out and is repeatable, the capital invesment claculation will knock some people back.

Reply

#4

So which milestone or significant event over the next 2.5 years will really begin to catch the investment community's eye.  Or do we have to wait for first ore to get over a half buck?  It sure isn't anything we have seen so far?

Reply

#5

'scampoco' pid='57858' datel Wrote:

So which milestone or significant event over the next 2.5 years will really begin to catch the investment community's eye.  Or do we have to wait for first ore to get over a half buck?  It sure isn't anything we have seen so far?

Good question scampoco.  With traditional junior miners, somewhere around a year plus or minus prior to first ore the share price typically begins to reflect the upcoming production.

With the unique position of Nautilus being the first ever seabed gold & copper miner, it might be a wait & see or "show me" situation right up through 2017.

No one can know, but I'm positioning for early 2017 to begin the ramp toward first ore.  Meaning that I will be fully positioned within the next two years.  Still lots of time for risk to rear its ugly head.

Reply

#6

'scampoco' pid='57858' datel Wrote:

So which milestone or significant event over the next 2.5 years will really begin to catch the investment community's eye.  Or do we have to wait for first ore to get over a half buck?  It sure isn't anything we have seen so far?

I think there are 4 categories that could finally push the stock to a few dollars a share before first ore. I expect $10 at first ore, $30 by 2020.

1. Equipment - shallow water testing, ship completion

2. Partnerships - China, Russia, India agreeing to license Nautilus' technology to mine in their own territorial waters.

3. Mining Rights Sale - Nautilus has found and negotiated the best sites in the Ring of Fire. Competitors may pay a premium to Nautilus to mine the higher concentrations at one of our sites.

4. Publicity - Not too many people know about Nautilus or the scope of its first mover advantage.

Reply



Forum Jump:


Users browsing this thread: 1 Guest(s)