Das ist Der ERSTartikel von "Next Mining Boom" zu Minbos. "Erst" schreibe mit Absicht -weil (schon) von AUGUST 26, 2020.
Also knapp nööööööön Jahr.
Seite "Next Mining Boom" sehe ich absolut "schon zwiegespalten",
weil auf Der EInen Seite tuen Sie m.E. auf JEden Fall schon Ein Stück pushen,
auf Der Anderen besprechen Sie, Meiner Meinung, auf Ihrer Seite aber auf Jeden Fall schon Einige "potenziell Gute/Interessante" Firmen.
Mit Der Website habe ich mindestens Überschneidung mit Minbos Res und Los Cerros, ob noch mehr gerade nicht sicher.
Hier kommt wieder "10.000" Zeilen ins Spiel, also Häppchen-weise..............................
Introducing Our Latest Portfolio Addition: $11M Capped ASX Stock Unlocking Food Security in Africa
http://www.nextminingboom.com/introducing-our-latest-portfolio-addition-11m-capped-asx-stock-unlocking-food-security-africa/
"WRITTEN BY: JONATHAN JACKSON
ARTICLE
PUBLISHED: 26-08-2020 09:55 A.M.
[Blockierte Grafik: https://cdn.nextminingboom.com/images/Screen_Shot_2020-08-26_at_10.15.02_am.width-600.png]
Sub-Saharan Africa dedicates nearly as much land to growing corn as the US.
However, crop yields in the region are drastically lower than other regions around the globe – as much as three times for those common staples we take for granted such as corn.
There is a key ingredient African countries lack, and if cheaply available would see it catch up to more developed countries’ food production, and remove their reliance on food imports.
That’s fertiliser.
Fertiliser consumption is expected to almost double in the next 10 years in Africa.
International companies have recognised the severe demand of reliable sources of fertiliser, pouring billions of dollars into fertiliser plants. It is all part of a global trend that can be highlighted by China’s attempts to build national food security, with its [url='https://www.sciencedirect.com/science/article/pii/S2095311917617568#:~:text=China's%20food%20supply%20and%20demand,and%20that%20of%20the%20world.&text=China's%20overall%20food%20self%2Dsufficiency,%2C%20sugar%2C%20and%20dairy%20products.']food self-sufficiency likely to fall from 94.5% in 2015 to around 91% by 2025.[/url] Its ‘clean plate’ is another important food security initiative.
In Nigeria, Indorama built a US$1.5 billion fertiliser plant. In Ethiopia, OCP built a US$2.4 billion fertiliser plant. In Kenya, Toyota Tsusho commissioned a new large scale fertiliser blending plant to service the Kenya and Tanzania markets.
There are significant opportunities in Africa, with food demand value ~ $313 billion and growing.
Companies with strong government relationships built up over time are able to get deals done and progress local projects if they can deliver win-win outcomes.
We have recently made a large, long term investment in Minbos Resources Ltd (ASX:MNB), a $11M capped company that has a world-class phosphate ore project within the Cabinda Province of Angola.
MNB has been working on the Cabinda Phosphate Project for years, and has lofty goals – exactly what we like to see from our long term investments.
The company is effectively building a nutrient supply and distribution business that stimulates food security in Angola and the broader Congo Basin.
This project has the potential to impact the whole country by boosting fertiliser production and food security.
There are several reasons we saw this as the right time to add this company as a long-term hold position in our portfolio.
We like the social impact this investment offers, particularly because it could improve food security, poverty and nutrition outcomes and mitigate the impacts of climate change on farmers. In fact, we have a good network of impact investors who focus on ethical stocks that make a good ROI, our last ethical investment VUL has been up 261%.
[Blockierte Grafik: https://cdn.nextminingboom.com/images/alongside-experts.width-800.png]
However, this isn’t just about social good – we are also investing for high capital returns.
The Mineral Resource for its Cacata Phosphate Rock Deposit stands at 27Mt @ 17.7% P2O5, with 15.2 Mt at 24% in the Measured & Inferred Categories, and A$20M in previous expenditure has already been invested in the project.
Results of a Scoping Study released today demonstrate the company could generate strong cash returns on the Project for a relatively small capital investment.
The pre-production CAPEX is between US$22-28M, which is not a lot to get the project into production – and the payback period is just three years, with a Life of Mine (LoM) of 21 years.
The After Tax NPV of the Project is US$159M-$260M.
The financial metrics are starting to stack up especially when compared to the company’s current $11M market cap.
Investors are starting to grow in confidence that this company will be in a position to move into production by late 2021 / early 2022.
As milestones are ticked off on the path to production, we would expect to see significant growth in the company’s valuation – certainly multiples of its current market cap today.
Like all mining projects, funding rounds will be required to get the company to the next level; the company currently has less than $1M in the bank and will need to raise capital to fund the completion of its DFS.
However once completed, this should unlock significant value.
The Scoping Study results will be used to initiate discussions with debt and equity financiers for the construction of the project and frame the scope of work for a Definitive Feasibility Study (DFS).
If Minbos follows in the footsteps of other Angola based mining companies, such as Pensana Rare Earths PLC, we might assume that the Angolan Sovereign Wealth Fund will line itself up to make a sizeable investment in Minbos.
Pensana's performance is impressive:
[Blockierte Grafik: https://cdn.nextminingboom.com/images/Pensana.width-800.png]
Minbos would certainly be looking to achieve similar things and has advised the market that it is working on an offtake agreement with the Angolan government as part of the DFS – if successful this would be a major share price catalyst and substantially de-risk any development funding needed for the company’s project.
Can Minbos help increase food production in Africa?
Minbos Resources’ (ASX:MNB) holds an 85% interest in the Cabinda Phosphate Project and will carry in-country partner Soul Rock Ltda (Soul Rock) for a 15% interest. It will also recover the investment made on behalf of Soul Rock from project cashflow.
As we alluded to above, Minbos is in the advanced stages of feasibility studies into building a nutrient supply and distribution business at Cabinda to boost agricultural production and food security within the country and the broader Congo Basin.
In March this year, Minbos was successful in securing the open tender for the Cácata Phosphate Concession within the Cabinda Project.
It has taken 10 years to come to this point, but during this time the company’s focus didn’t waiver from developing known phosphate areas within the exclave of Cabinda.
Below, you can see the location and the experience Minbos has built up in this project during those years.
[Blockierte Grafik: https://cdn.nextminingboom.com/images/cabinda.width-609.png]
Minbos initially acquired the rights to the Cácata deposit through a 50:50 joint venture (JV) partnership in 2010. Together with its JV partner, Minbos spent more than $20 million on exploration and pre-feasibility studies that was initially targeting an export focused product.
During this time, Minbos acquired invaluable technical knowledge on the project but, unfortunately, the licence for the project was forfeited as a result of issues the company had with its joint venture partner.
Despite this, the company could see the potential in the project and it forged ahead with agronomic research and development programmes at Cabinda.
Patience was rewarded in June 2019, when the rights to the Cácata deposit opened to a public tender. Minbos beat out all competitors to win back the project, this time with full management control and the ability to move the project forward on its own terms.
With Minbos now able to forge ahead with its plans, its next steps are to develop the potential of the Cabinda Phosphate Project at a time when locally produced fertiliser projects are taking off across the African continent.
CEO Lindsay Reed told shareholders earlier in the year, “Despite the challenges of the past decade, the quality of the Cácata Deposit has never been in question and wholly represents the reason Board and Management persevered to achieve a successful tender outcome.”
In the video below, Reed explains the importance of phosphate to Angola’s food supply ambitions, along with its immediate focus to develop a low-cost/high-yield fertilizer blend suitable for crops and soils within Angola and the wider Congo Basin....................................... "
