2025 Q3 -tulosraportti
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Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 28.4. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 26.1. | |
| 2025 Q2 -tulosraportti | 27.8.2025 | |
| 2025 Q1 -tulosraportti | 28.5.2025 | |
| 2024 Q4 -tulosraportti | 28.4.2025 | |
| 2024 Q3 -tulosraportti | 27.11.2024 |
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·5 t sitten · MuokattuCabral Gold – My ultimate review of logistics, customs status, and the path to Q3/Q4 production After digging into the Brazilian customs records, logistics manifests, and the project's financial structure, here's a comprehensive status update on where Cabral Gold (Magellan Minerais) truly stands today. We are past the point of "maybe" – we are now in the phase where steel meets ground at Cuiú Cuiú. 1. The Importer's Identity and Brazilian Bureaucracy To understand the progress, one must look at the subsidiary Magellan Minerais Prospecção Geológica Ltda (CNPJ: 07.719.988/0001-92). This is where all the import licenses are held. Brazil has historically been a logistical challenge, but Cabral has executed wisely by utilizing the new digital customs reform, DUIMP. This system shifts the process from "wait and see" to "pre-registration". This means that when the equipment hits the port in Santarém, the paperwork is already in the system. This is a game-changer for the timeline, as it minimizes the notorious "Brazil Cost" in terms of waiting time. 2. Equipment Status: What's filling the containers right now? Cabral has confirmed that 65 % of all equipment (measured by value) has been purchased. This is critical because it locks in prices in a market with inflation on mining equipment. The Mineral Sizer (The Heart of the oxidation): This unit is currently the project's most concrete sign of progress. It has arrived in Brazil and is in the final stages of customs clearance. It is classified as "Capital Goods", which, via the Ex-tarifário regime, drastically reduces import duties. The expectation is that it will roll towards the site on a low-loader before the end of February. The ADR Plant (The Money Maker): The Adsorption, Desorption, and Recovery plant has been ordered from Como Engineering. Here we are talking about advanced chemical process equipment. The status is that the large modules are nearing completion. Shipping routes are planned from Fremantle/Durban towards Santarém. It is modular, which means that when it arrives in Q2, it can be assembled like "Lego" instead of having to be built from scratch in the jungle. The Crushing Plant (Crushing Circuit): The remaining components are en route and highly prioritized so they can be installed before the ADR plant arrives. 3. Infrastructure: From river barge to 10 reinforced bridges Logistics in the Amazon requires more than just trucks. Cabral is utilizing a well-thought-out "combination route" to protect the sensitive equipment: The Waterway (Tapajós River): To spare the heavy and technically complex components (like the ADR modules) from hundreds of kilometers of vibrations and dust on the rough country roads, the equipment is sailed on barges from Santarém up the Tapajós River to Itaituba. This is a strategic shortcut that utilizes the high water level this season. The 10 Bridges: From Itaituba, local specialists from Transportadora TransMaranhão take over the task with massive low-loaders. Cabral has reinforced 10 bridges on the last road leg out to Vila Cuiú Cuiú – a necessity to even be able to safely move the heavy sections of the ADR plant forward. The Mine Camp (Construction Camp): The deadline here is March 2026. The camp will house the team that will run 24/7 operations. The Concrete Batch Plant on site is already running to pour the foundations, so they are hardened and ready when the machines arrive. 4. Financial Backing and "Sunk Costs" One of the biggest fear factors in mining projects is "funding gaps". But Cabral holds a disbursed gold loan of US$45.1 million. This covers not only purchases, but also the heavy Brazilian import taxes (II, IPI, PIS/COFINS and ICMS). Having the liquidity in place to pay customs immediately is often what separates successful projects from those that get stranded. As an investor, it is reassuring that we are not looking at an equity issuance to cover unforeseen logistics bills. 5. Risk Analysis: What can go wrong? Even though everything looks green, we must be realistic. The Rainy Season: The Brazilian rainy season can make roads challenging. But with the bridge reinforcements and the completion of the camp in March, Cabral has positioned itself to be able to work "indoors" with the installation in Q2. Customs Bottlenecks: Even though DUIMP helps, Brazilian customs (Receita Federal) is unpredictable. However, everything indicates that they have "pre-cleared" the most important items. 6. The Way Forward (The Timeline) February: Mineral Sizer released and lands on site. March: Mine camp reported 100% operational. Last 35% of equipment purchased. Q2: ADR plant arrives at the port and is transported to Cuiú Cuiú. Installation commences. Q3: Commissioning and testing. Q4: First pour followed by a huge "Yeehaaw". Conclusion We own a company that is seriously transforming into a producer and is well on schedule. Once the machines are on the foundation, the valuation changes fundamentally (from P/NAV to multiples of cash flow). With current gold prices, the "payback" period looks extremely attractive. Thanks if you read this far.·2 min sitten · MuokattuNaturally, we are all entitled to an opinion, but I base mine on the actual figures from today – and not on a PFS study from 2025. Firstly, you overlook the latest approvals, which extend far beyond the initial studies. If one looks at the Brazilian registers for water permits (Outorga), approval has just been granted for 250,000 m³ of water. This is a quantity dimensioned for 6 leaching pads – not the 4 that the PFS originally mentioned. The equipment currently being imported confirms the same. Scaling is towards 6 pads and a capacity of 50,000 oz. One does not apply for those water volumes to operate 'small scale'. You also write that it is 'smarter' to just order a hell of a lot of drill rigs rather than focusing on production and quick payback. Again: It's about sequence. One starts the regulatory process towards Stage 2 with the data available that day, because there is already enough, and then drilling commences after the process has been initiated. It would be directly irresponsible to wait for the final drilling reports before even contacting the authorities – that would just unnecessarily push production into the future. It would therefore be anything but 'smart' to throw all the money at drill rigs right after first pour, if it means delaying the start of the regulatory process towards Stage 2. I have control over my data, and it is fresh. How one chooses to use it is up to the individual.- ·1 päivä sittenKeep track of your resources: Saprolite vs. Hard-rock. When following Cabral Gold, it is crucial not to mix up the numbers. Cuiú Cuiú is operating on two different tracks, and this is where many investors miss the point: Stage 1 (Oxid/Saprolite): The soft material on the surface. This was updated in 2024 and 2025 (most recently via the PFS report from July 2025). It is this gold that will secure cashflow without share dilution. Stage 2 (Hard-rock/Basement): The massive system at depth. Here, the official resource has not been updated since 2022. The point? The past years' extensive drilling at PDM and Machichie are not yet "official" in the hard-rock accounting. We are looking at a huge resource-trigger in 2026, when the two years of fundamental findings are finally incorporated into the Stage 2 model. In short: Stage 1 is the money machine – Stage 2 is the gold mine. And while we wait - it's time for more popcorn. I have news about customs and construction phase, but now let's just munch a bit...·5 t sitten@Stupendous Yes, well... if Alan Carter decides to sell an idea about producing a "new" yoyo, after Cuiú Cuiú is a thing of the past, then I'll probably buy that from him too. But we need to do something first...
- ·1 päivä sittenWorking For The Real Prize. When Alan Carter pitches to investors next week, it's worth listening for the strategic undertones about Stage 2. While Stage 1 ensures survival and cash flow without dilution, Stage 2 is what can truly move the share price. Here are the 3 reasons why Stage 2 is the real investment thesis: From "Starter" to "District-Scale": Stage 1 is a heap-leach operation on the upper approx. 60 meters (saprolite). But the real value lies in the massive hard-rock system underneath. This is where the latest drillings really count. No more share dilution: The ingenious maneuver with the $45 million gold loan means that Stage 1 is financed without new shares. The plan is to use the profits from Stage 1 to finance the drillings and a forthcoming PEA (Preliminary Economic Assessment) for Stage 2. The company is moving from being "market-dependent" to being self-financing. Resource update in 2026: The current resource of ~1.2 million oz is from 2022 and does not include the four latest hard-rock discoveries (PDM, Machichie Main, Machichie NE and Jerimum Cima). Carter has signaled a major resource update at the end of 2026, which will form the foundation for Stage 2. Think about it. Personally, I must admit that this district looks like one for the record books, but I love this man for his leadership and tactical play.
1 päivä sitten1 päivä sittenI see what you did there. - ·1 päivä sittenTo the impatient: A little info about the waiting time regarding DOU If you think the waiting time for the official text in the state gazette is dragging on, here is some technical background info: It is quite common for 24, 48 or even sometimes 72 hours to pass from a stamp being placed in the director's office at ANM until the text is processed and published in DOU (Diário Oficial da União). Since the signature was placed yesterday at 13:08 Danish time, it means in practice that we could potentially be looking as far as Friday morning before the document is officially out. The bureaucracy in Brasilia works at its own pace, but once the ink is dry in the log, it's only a matter of administrative processing. To all the rest of you: Congratulations once again on the big milestone! We have reached the goal – now we are just waiting for the printing press to finish its work.
- ·2 päivää sitten · MuokattuCongratulations to all shareholders: FML is signed 13.08 DK time! So we have finally reached the goal with FML! I can with great pleasure confirm that the final Full Mining License is now signed in Gabinete do Diretor-Geral at Agência Nacional de Mineração. When the signature is placed in the director's office, the matter is legally and administratively concluded. It is the ultimate green light that transforms Cabral from an exploration company into a future gold producer. What happens now? There will be an official announcement in the state gazette DOU (Diário Oficial da União) and of course also a press release from Cabral Gold. Since the ink is dry in the log, it is now only a matter of time before the official document is available to the entire market. The massive volume last week now makes complete sense. The issuance of RSUs and options has of course created a bit of a smokescreen, but the big players have clearly positioned themselves for precisely this moment. It has been a pleasure to follow the digital tracks in Brazil with you. Now the "highway" is officially open, and we can truly enjoy the ride towards production. Big congratulations to everyone who kept their cool and held on! Now we can go back to cheering on Luiz Celaro, the drone, and the next drilling results.·10 t sittenOk - it looks like on the order book that we will break through 0.78 today regardless of the lack from DOU.·2 t sittenAt the end of the day... Allow me to quote John Maynard Keynes. "The market can remain irrational longer than you can remain solvent".
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
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2025 Q3 -tulosraportti
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10 päivää sitten
Uutiset
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Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
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- ·5 t sitten · MuokattuCabral Gold – My ultimate review of logistics, customs status, and the path to Q3/Q4 production After digging into the Brazilian customs records, logistics manifests, and the project's financial structure, here's a comprehensive status update on where Cabral Gold (Magellan Minerais) truly stands today. We are past the point of "maybe" – we are now in the phase where steel meets ground at Cuiú Cuiú. 1. The Importer's Identity and Brazilian Bureaucracy To understand the progress, one must look at the subsidiary Magellan Minerais Prospecção Geológica Ltda (CNPJ: 07.719.988/0001-92). This is where all the import licenses are held. Brazil has historically been a logistical challenge, but Cabral has executed wisely by utilizing the new digital customs reform, DUIMP. This system shifts the process from "wait and see" to "pre-registration". This means that when the equipment hits the port in Santarém, the paperwork is already in the system. This is a game-changer for the timeline, as it minimizes the notorious "Brazil Cost" in terms of waiting time. 2. Equipment Status: What's filling the containers right now? Cabral has confirmed that 65 % of all equipment (measured by value) has been purchased. This is critical because it locks in prices in a market with inflation on mining equipment. The Mineral Sizer (The Heart of the oxidation): This unit is currently the project's most concrete sign of progress. It has arrived in Brazil and is in the final stages of customs clearance. It is classified as "Capital Goods", which, via the Ex-tarifário regime, drastically reduces import duties. The expectation is that it will roll towards the site on a low-loader before the end of February. The ADR Plant (The Money Maker): The Adsorption, Desorption, and Recovery plant has been ordered from Como Engineering. Here we are talking about advanced chemical process equipment. The status is that the large modules are nearing completion. Shipping routes are planned from Fremantle/Durban towards Santarém. It is modular, which means that when it arrives in Q2, it can be assembled like "Lego" instead of having to be built from scratch in the jungle. The Crushing Plant (Crushing Circuit): The remaining components are en route and highly prioritized so they can be installed before the ADR plant arrives. 3. Infrastructure: From river barge to 10 reinforced bridges Logistics in the Amazon requires more than just trucks. Cabral is utilizing a well-thought-out "combination route" to protect the sensitive equipment: The Waterway (Tapajós River): To spare the heavy and technically complex components (like the ADR modules) from hundreds of kilometers of vibrations and dust on the rough country roads, the equipment is sailed on barges from Santarém up the Tapajós River to Itaituba. This is a strategic shortcut that utilizes the high water level this season. The 10 Bridges: From Itaituba, local specialists from Transportadora TransMaranhão take over the task with massive low-loaders. Cabral has reinforced 10 bridges on the last road leg out to Vila Cuiú Cuiú – a necessity to even be able to safely move the heavy sections of the ADR plant forward. The Mine Camp (Construction Camp): The deadline here is March 2026. The camp will house the team that will run 24/7 operations. The Concrete Batch Plant on site is already running to pour the foundations, so they are hardened and ready when the machines arrive. 4. Financial Backing and "Sunk Costs" One of the biggest fear factors in mining projects is "funding gaps". But Cabral holds a disbursed gold loan of US$45.1 million. This covers not only purchases, but also the heavy Brazilian import taxes (II, IPI, PIS/COFINS and ICMS). Having the liquidity in place to pay customs immediately is often what separates successful projects from those that get stranded. As an investor, it is reassuring that we are not looking at an equity issuance to cover unforeseen logistics bills. 5. Risk Analysis: What can go wrong? Even though everything looks green, we must be realistic. The Rainy Season: The Brazilian rainy season can make roads challenging. But with the bridge reinforcements and the completion of the camp in March, Cabral has positioned itself to be able to work "indoors" with the installation in Q2. Customs Bottlenecks: Even though DUIMP helps, Brazilian customs (Receita Federal) is unpredictable. However, everything indicates that they have "pre-cleared" the most important items. 6. The Way Forward (The Timeline) February: Mineral Sizer released and lands on site. March: Mine camp reported 100% operational. Last 35% of equipment purchased. Q2: ADR plant arrives at the port and is transported to Cuiú Cuiú. Installation commences. Q3: Commissioning and testing. Q4: First pour followed by a huge "Yeehaaw". Conclusion We own a company that is seriously transforming into a producer and is well on schedule. Once the machines are on the foundation, the valuation changes fundamentally (from P/NAV to multiples of cash flow). With current gold prices, the "payback" period looks extremely attractive. Thanks if you read this far.·2 min sitten · MuokattuNaturally, we are all entitled to an opinion, but I base mine on the actual figures from today – and not on a PFS study from 2025. Firstly, you overlook the latest approvals, which extend far beyond the initial studies. If one looks at the Brazilian registers for water permits (Outorga), approval has just been granted for 250,000 m³ of water. This is a quantity dimensioned for 6 leaching pads – not the 4 that the PFS originally mentioned. The equipment currently being imported confirms the same. Scaling is towards 6 pads and a capacity of 50,000 oz. One does not apply for those water volumes to operate 'small scale'. You also write that it is 'smarter' to just order a hell of a lot of drill rigs rather than focusing on production and quick payback. Again: It's about sequence. One starts the regulatory process towards Stage 2 with the data available that day, because there is already enough, and then drilling commences after the process has been initiated. It would be directly irresponsible to wait for the final drilling reports before even contacting the authorities – that would just unnecessarily push production into the future. It would therefore be anything but 'smart' to throw all the money at drill rigs right after first pour, if it means delaying the start of the regulatory process towards Stage 2. I have control over my data, and it is fresh. How one chooses to use it is up to the individual.
- ·1 päivä sittenKeep track of your resources: Saprolite vs. Hard-rock. When following Cabral Gold, it is crucial not to mix up the numbers. Cuiú Cuiú is operating on two different tracks, and this is where many investors miss the point: Stage 1 (Oxid/Saprolite): The soft material on the surface. This was updated in 2024 and 2025 (most recently via the PFS report from July 2025). It is this gold that will secure cashflow without share dilution. Stage 2 (Hard-rock/Basement): The massive system at depth. Here, the official resource has not been updated since 2022. The point? The past years' extensive drilling at PDM and Machichie are not yet "official" in the hard-rock accounting. We are looking at a huge resource-trigger in 2026, when the two years of fundamental findings are finally incorporated into the Stage 2 model. In short: Stage 1 is the money machine – Stage 2 is the gold mine. And while we wait - it's time for more popcorn. I have news about customs and construction phase, but now let's just munch a bit...·5 t sitten@Stupendous Yes, well... if Alan Carter decides to sell an idea about producing a "new" yoyo, after Cuiú Cuiú is a thing of the past, then I'll probably buy that from him too. But we need to do something first...
- ·1 päivä sittenWorking For The Real Prize. When Alan Carter pitches to investors next week, it's worth listening for the strategic undertones about Stage 2. While Stage 1 ensures survival and cash flow without dilution, Stage 2 is what can truly move the share price. Here are the 3 reasons why Stage 2 is the real investment thesis: From "Starter" to "District-Scale": Stage 1 is a heap-leach operation on the upper approx. 60 meters (saprolite). But the real value lies in the massive hard-rock system underneath. This is where the latest drillings really count. No more share dilution: The ingenious maneuver with the $45 million gold loan means that Stage 1 is financed without new shares. The plan is to use the profits from Stage 1 to finance the drillings and a forthcoming PEA (Preliminary Economic Assessment) for Stage 2. The company is moving from being "market-dependent" to being self-financing. Resource update in 2026: The current resource of ~1.2 million oz is from 2022 and does not include the four latest hard-rock discoveries (PDM, Machichie Main, Machichie NE and Jerimum Cima). Carter has signaled a major resource update at the end of 2026, which will form the foundation for Stage 2. Think about it. Personally, I must admit that this district looks like one for the record books, but I love this man for his leadership and tactical play.1 päivä sitten1 päivä sittenI see what you did there.
- ·1 päivä sittenTo the impatient: A little info about the waiting time regarding DOU If you think the waiting time for the official text in the state gazette is dragging on, here is some technical background info: It is quite common for 24, 48 or even sometimes 72 hours to pass from a stamp being placed in the director's office at ANM until the text is processed and published in DOU (Diário Oficial da União). Since the signature was placed yesterday at 13:08 Danish time, it means in practice that we could potentially be looking as far as Friday morning before the document is officially out. The bureaucracy in Brasilia works at its own pace, but once the ink is dry in the log, it's only a matter of administrative processing. To all the rest of you: Congratulations once again on the big milestone! We have reached the goal – now we are just waiting for the printing press to finish its work.
- ·2 päivää sitten · MuokattuCongratulations to all shareholders: FML is signed 13.08 DK time! So we have finally reached the goal with FML! I can with great pleasure confirm that the final Full Mining License is now signed in Gabinete do Diretor-Geral at Agência Nacional de Mineração. When the signature is placed in the director's office, the matter is legally and administratively concluded. It is the ultimate green light that transforms Cabral from an exploration company into a future gold producer. What happens now? There will be an official announcement in the state gazette DOU (Diário Oficial da União) and of course also a press release from Cabral Gold. Since the ink is dry in the log, it is now only a matter of time before the official document is available to the entire market. The massive volume last week now makes complete sense. The issuance of RSUs and options has of course created a bit of a smokescreen, but the big players have clearly positioned themselves for precisely this moment. It has been a pleasure to follow the digital tracks in Brazil with you. Now the "highway" is officially open, and we can truly enjoy the ride towards production. Big congratulations to everyone who kept their cool and held on! Now we can go back to cheering on Luiz Celaro, the drone, and the next drilling results.·10 t sittenOk - it looks like on the order book that we will break through 0.78 today regardless of the lack from DOU.·2 t sittenAt the end of the day... Allow me to quote John Maynard Keynes. "The market can remain irrational longer than you can remain solvent".
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
TSX Venture Exchange
Määrä
Osto
0
Myynti
Määrä
0
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Ylin
0,78VWAP
Alin
0,73VaihtoMäärä
0,2 315 007
VWAP
Ylin
0,78Alin
0,73VaihtoMäärä
0,2 315 007
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 28.4. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 26.1. | |
| 2025 Q2 -tulosraportti | 27.8.2025 | |
| 2025 Q1 -tulosraportti | 28.5.2025 | |
| 2024 Q4 -tulosraportti | 28.4.2025 | |
| 2024 Q3 -tulosraportti | 27.11.2024 |
2025 Q3 -tulosraportti
Vain PDF
10 päivää sitten
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: FactSet, Quartr| Seuraava tapahtuma | |
|---|---|
| 2025 Q4 -tulosraportti | 28.4. |
| Menneet tapahtumat | ||
|---|---|---|
| 2025 Q3 -tulosraportti | 26.1. | |
| 2025 Q2 -tulosraportti | 27.8.2025 | |
| 2025 Q1 -tulosraportti | 28.5.2025 | |
| 2024 Q4 -tulosraportti | 28.4.2025 | |
| 2024 Q3 -tulosraportti | 27.11.2024 |
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·5 t sitten · MuokattuCabral Gold – My ultimate review of logistics, customs status, and the path to Q3/Q4 production After digging into the Brazilian customs records, logistics manifests, and the project's financial structure, here's a comprehensive status update on where Cabral Gold (Magellan Minerais) truly stands today. We are past the point of "maybe" – we are now in the phase where steel meets ground at Cuiú Cuiú. 1. The Importer's Identity and Brazilian Bureaucracy To understand the progress, one must look at the subsidiary Magellan Minerais Prospecção Geológica Ltda (CNPJ: 07.719.988/0001-92). This is where all the import licenses are held. Brazil has historically been a logistical challenge, but Cabral has executed wisely by utilizing the new digital customs reform, DUIMP. This system shifts the process from "wait and see" to "pre-registration". This means that when the equipment hits the port in Santarém, the paperwork is already in the system. This is a game-changer for the timeline, as it minimizes the notorious "Brazil Cost" in terms of waiting time. 2. Equipment Status: What's filling the containers right now? Cabral has confirmed that 65 % of all equipment (measured by value) has been purchased. This is critical because it locks in prices in a market with inflation on mining equipment. The Mineral Sizer (The Heart of the oxidation): This unit is currently the project's most concrete sign of progress. It has arrived in Brazil and is in the final stages of customs clearance. It is classified as "Capital Goods", which, via the Ex-tarifário regime, drastically reduces import duties. The expectation is that it will roll towards the site on a low-loader before the end of February. The ADR Plant (The Money Maker): The Adsorption, Desorption, and Recovery plant has been ordered from Como Engineering. Here we are talking about advanced chemical process equipment. The status is that the large modules are nearing completion. Shipping routes are planned from Fremantle/Durban towards Santarém. It is modular, which means that when it arrives in Q2, it can be assembled like "Lego" instead of having to be built from scratch in the jungle. The Crushing Plant (Crushing Circuit): The remaining components are en route and highly prioritized so they can be installed before the ADR plant arrives. 3. Infrastructure: From river barge to 10 reinforced bridges Logistics in the Amazon requires more than just trucks. Cabral is utilizing a well-thought-out "combination route" to protect the sensitive equipment: The Waterway (Tapajós River): To spare the heavy and technically complex components (like the ADR modules) from hundreds of kilometers of vibrations and dust on the rough country roads, the equipment is sailed on barges from Santarém up the Tapajós River to Itaituba. This is a strategic shortcut that utilizes the high water level this season. The 10 Bridges: From Itaituba, local specialists from Transportadora TransMaranhão take over the task with massive low-loaders. Cabral has reinforced 10 bridges on the last road leg out to Vila Cuiú Cuiú – a necessity to even be able to safely move the heavy sections of the ADR plant forward. The Mine Camp (Construction Camp): The deadline here is March 2026. The camp will house the team that will run 24/7 operations. The Concrete Batch Plant on site is already running to pour the foundations, so they are hardened and ready when the machines arrive. 4. Financial Backing and "Sunk Costs" One of the biggest fear factors in mining projects is "funding gaps". But Cabral holds a disbursed gold loan of US$45.1 million. This covers not only purchases, but also the heavy Brazilian import taxes (II, IPI, PIS/COFINS and ICMS). Having the liquidity in place to pay customs immediately is often what separates successful projects from those that get stranded. As an investor, it is reassuring that we are not looking at an equity issuance to cover unforeseen logistics bills. 5. Risk Analysis: What can go wrong? Even though everything looks green, we must be realistic. The Rainy Season: The Brazilian rainy season can make roads challenging. But with the bridge reinforcements and the completion of the camp in March, Cabral has positioned itself to be able to work "indoors" with the installation in Q2. Customs Bottlenecks: Even though DUIMP helps, Brazilian customs (Receita Federal) is unpredictable. However, everything indicates that they have "pre-cleared" the most important items. 6. The Way Forward (The Timeline) February: Mineral Sizer released and lands on site. March: Mine camp reported 100% operational. Last 35% of equipment purchased. Q2: ADR plant arrives at the port and is transported to Cuiú Cuiú. Installation commences. Q3: Commissioning and testing. Q4: First pour followed by a huge "Yeehaaw". Conclusion We own a company that is seriously transforming into a producer and is well on schedule. Once the machines are on the foundation, the valuation changes fundamentally (from P/NAV to multiples of cash flow). With current gold prices, the "payback" period looks extremely attractive. Thanks if you read this far.·2 min sitten · MuokattuNaturally, we are all entitled to an opinion, but I base mine on the actual figures from today – and not on a PFS study from 2025. Firstly, you overlook the latest approvals, which extend far beyond the initial studies. If one looks at the Brazilian registers for water permits (Outorga), approval has just been granted for 250,000 m³ of water. This is a quantity dimensioned for 6 leaching pads – not the 4 that the PFS originally mentioned. The equipment currently being imported confirms the same. Scaling is towards 6 pads and a capacity of 50,000 oz. One does not apply for those water volumes to operate 'small scale'. You also write that it is 'smarter' to just order a hell of a lot of drill rigs rather than focusing on production and quick payback. Again: It's about sequence. One starts the regulatory process towards Stage 2 with the data available that day, because there is already enough, and then drilling commences after the process has been initiated. It would be directly irresponsible to wait for the final drilling reports before even contacting the authorities – that would just unnecessarily push production into the future. It would therefore be anything but 'smart' to throw all the money at drill rigs right after first pour, if it means delaying the start of the regulatory process towards Stage 2. I have control over my data, and it is fresh. How one chooses to use it is up to the individual.
- ·1 päivä sittenKeep track of your resources: Saprolite vs. Hard-rock. When following Cabral Gold, it is crucial not to mix up the numbers. Cuiú Cuiú is operating on two different tracks, and this is where many investors miss the point: Stage 1 (Oxid/Saprolite): The soft material on the surface. This was updated in 2024 and 2025 (most recently via the PFS report from July 2025). It is this gold that will secure cashflow without share dilution. Stage 2 (Hard-rock/Basement): The massive system at depth. Here, the official resource has not been updated since 2022. The point? The past years' extensive drilling at PDM and Machichie are not yet "official" in the hard-rock accounting. We are looking at a huge resource-trigger in 2026, when the two years of fundamental findings are finally incorporated into the Stage 2 model. In short: Stage 1 is the money machine – Stage 2 is the gold mine. And while we wait - it's time for more popcorn. I have news about customs and construction phase, but now let's just munch a bit...·5 t sitten@Stupendous Yes, well... if Alan Carter decides to sell an idea about producing a "new" yoyo, after Cuiú Cuiú is a thing of the past, then I'll probably buy that from him too. But we need to do something first...
- ·1 päivä sittenWorking For The Real Prize. When Alan Carter pitches to investors next week, it's worth listening for the strategic undertones about Stage 2. While Stage 1 ensures survival and cash flow without dilution, Stage 2 is what can truly move the share price. Here are the 3 reasons why Stage 2 is the real investment thesis: From "Starter" to "District-Scale": Stage 1 is a heap-leach operation on the upper approx. 60 meters (saprolite). But the real value lies in the massive hard-rock system underneath. This is where the latest drillings really count. No more share dilution: The ingenious maneuver with the $45 million gold loan means that Stage 1 is financed without new shares. The plan is to use the profits from Stage 1 to finance the drillings and a forthcoming PEA (Preliminary Economic Assessment) for Stage 2. The company is moving from being "market-dependent" to being self-financing. Resource update in 2026: The current resource of ~1.2 million oz is from 2022 and does not include the four latest hard-rock discoveries (PDM, Machichie Main, Machichie NE and Jerimum Cima). Carter has signaled a major resource update at the end of 2026, which will form the foundation for Stage 2. Think about it. Personally, I must admit that this district looks like one for the record books, but I love this man for his leadership and tactical play.1 päivä sitten1 päivä sittenI see what you did there.
- ·1 päivä sittenTo the impatient: A little info about the waiting time regarding DOU If you think the waiting time for the official text in the state gazette is dragging on, here is some technical background info: It is quite common for 24, 48 or even sometimes 72 hours to pass from a stamp being placed in the director's office at ANM until the text is processed and published in DOU (Diário Oficial da União). Since the signature was placed yesterday at 13:08 Danish time, it means in practice that we could potentially be looking as far as Friday morning before the document is officially out. The bureaucracy in Brasilia works at its own pace, but once the ink is dry in the log, it's only a matter of administrative processing. To all the rest of you: Congratulations once again on the big milestone! We have reached the goal – now we are just waiting for the printing press to finish its work.
- ·2 päivää sitten · MuokattuCongratulations to all shareholders: FML is signed 13.08 DK time! So we have finally reached the goal with FML! I can with great pleasure confirm that the final Full Mining License is now signed in Gabinete do Diretor-Geral at Agência Nacional de Mineração. When the signature is placed in the director's office, the matter is legally and administratively concluded. It is the ultimate green light that transforms Cabral from an exploration company into a future gold producer. What happens now? There will be an official announcement in the state gazette DOU (Diário Oficial da União) and of course also a press release from Cabral Gold. Since the ink is dry in the log, it is now only a matter of time before the official document is available to the entire market. The massive volume last week now makes complete sense. The issuance of RSUs and options has of course created a bit of a smokescreen, but the big players have clearly positioned themselves for precisely this moment. It has been a pleasure to follow the digital tracks in Brazil with you. Now the "highway" is officially open, and we can truly enjoy the ride towards production. Big congratulations to everyone who kept their cool and held on! Now we can go back to cheering on Luiz Celaro, the drone, and the next drilling results.·10 t sittenOk - it looks like on the order book that we will break through 0.78 today regardless of the lack from DOU.·2 t sittenAt the end of the day... Allow me to quote John Maynard Keynes. "The market can remain irrational longer than you can remain solvent".
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| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
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Ylin
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0,78Alin
0,73VaihtoMäärä
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