Australia's largest stock trading and investment forum Australia's #1 stock forum

GMC

Click for more information

0.00%

0.6¢ gulf manganese corporation limited

Ann: Gulf Signs Power Purchase Agreement, page-9

First 9 Last

Share
Profile

Follow
Ekulluke

567 Posts.

40

07/05/18

11:32

Post #: 32925973
Share

Originally posted by rocket973 ↑

Yes, another joke from Hamish. No mention of cost of the power which is the most important item. Hamish doesn't want to scare the troups. A miserable 20 MVA for 5 years that wouldn't even power a single furnace in OM Sarawak. How does GMC plan to expand beyond those 2 x 7 MVA second hand 50 year old furnaces. At least the power bill won't be much at a minimum of US$80,000 a month for the first two years, ramping up to US$400,000/month.
It sounds like there isn't going to be much production in the first two years, as 20MVA for 40hrs/month will only produce 260 tonnes of MC FeMn that won't be enough to even pay the snouts at the trough.

Expand

"PT Gulf has also agreed not to build its own power generator, so long as PT PLN can provide the amount of electricity power required by PT Gulf."

This tells me if they require more they will provide more. If not they will build their own..?

GMC Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

IMA

Issues emerging as Australian companies tackle critical minerals challenge

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

There are more pages in this discussion • 58 more messages in this thread...

First 9 Last

Add GMC (ASX) to my watchlist