Based on the fact they have options around borrowing, options around selling its 2 listed holdings, and options around follow on fund raises. 12 months seems fairly nailed on and 24-36 months reasonably likely. 37+ possible.
With Simandu ramping up production in the coming years, it is hard for me to believe that somebody wants build a new iron ore mine. An idea how the cost curve will look in 3 years? Some estimates on this public?
Presuming you mean Simandou not Simandu I considered this back in the article "Have you got the minerals?" and the conclusion was that Amapa compared highly favourably and would be a prize asset both from a cost quartile, quality and political, point of view.
https://www.lse.co.uk/rns/KDNC/loi-to-acquire-projects-1631m-fundraise-updates-tr1djw6d7oih075.html
oops
Today on a 40% discount 😝
Interesting, thx, how long can they survive, if the sales process takes longer than expected?
Based on the fact they have options around borrowing, options around selling its 2 listed holdings, and options around follow on fund raises. 12 months seems fairly nailed on and 24-36 months reasonably likely. 37+ possible.
Thank you, I might take a closer look at KDNC in 2025 if I find time
With Simandu ramping up production in the coming years, it is hard for me to believe that somebody wants build a new iron ore mine. An idea how the cost curve will look in 3 years? Some estimates on this public?
Chris,
Presuming you mean Simandou not Simandu I considered this back in the article "Have you got the minerals?" and the conclusion was that Amapa compared highly favourably and would be a prize asset both from a cost quartile, quality and political, point of view.
https://theoakbloke.substack.com/p/do-you-have-the-minerals
....And that was before the news this week that Amapa's NPV has increased by 73%!
As a category green steel is growing with a 20.9% CAGR according to TheEngineer so considering this just as "a new iron ore mine" miscategorises it.
https://www.theengineer.co.uk/content/opinion/how-green-steel-technologies-are-driving-decarbonisation/