Sorry CRB MC 17 mio SP 8.8 cts Also TA broke downtrend

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senderos

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06/08/17

22:54

Post #: 26324637
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Originally posted by senderos ↑

STTCOMP CRB, FA LONG

SP: 1.2 cts
MC: $ 3 MIO

Company Profile
Carbine Resources (ASX: CRB) is an Australian resource company focuses on production from its Mount Morgan Gold & Copper Project in Queensland, Australia. CRB also holds, Ouahigouya Project in Burkina Faso, West Africa and Many Peaks Copper Project in Queensland, Australia.

I expect 3. approval end of Aug/ early September and therefore expect SP rise into news.

The third approval which is still to be finalised is the Environmental Authority (EA) amendment.
A draft Environmental Authority (EA) amendment application was submitted to the DEHP and is currently under review in consultation with the Company and the Department of Natural Resources and Mining (DNRM). The EA was previously approved for the project in 2010.

CRB also signed binding off take agreement with Chinese trading company

Carbine signs binding pyrite offtake agreement for Mount Morgan
Contract with experienced Chinese trading house is a key step towards project finance
Carbine Resources Limited (ASX: CRB) is pleased to advise that it has achieved another important milestone in its plan to develop the Mount Morgan Gold-Copper Project in Queensland by signing a binding offtake agreement for its pyrite production with Chinese Trading company IKing International Limited (IKing).
The agreement with IKing contains a guaranteed floor price for all the pyrite concentrate delivered with a profit-sharing mechanism for prices achieved greater than the floor price. The floor price will be negotiated on an annual basis and the agreement is for a minimum of 85% of the concentrate produced for the first three years. The detailed pricing terms associated with the IKing agreement remain confidential due to its commercial sensitivity. However, based on the current and forecast market conditions, the Company expects to receive at least $US 50/t for the first two years of the project and greater than $US 70/t for the remaining years. The pyrite price expected to be received will impact the AISC of $A 549/oz achieved in the Feasibility Study (ASX: 8 December 2016) and the Company will provide further guidance on this once the FEED work has been completed (ASX: 9 May 2017).

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Sorry

CRB MC 17 mio
SP 8.8 cts

Also TA broke downtrend
1 Upvote

0 Great analysis

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First 83 Last

Sorry CRB MC 17 mio SP 8.8 cts Also TA broke downtrend

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Sorry CRB MC 17 mio SP 8.8 cts Also TA broke downtrend

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