Metaalproducent AMG €18,23 +5,13% is de best presterende smallcapper, nadat ABN Amro het bombardeerde tot een van de favoriete aandelen van de bank.

Groeiaandelenfavoriet2014 schreef:Wanneer zou je terugkopen?
Wat is je waarde die je voor ogen hebt? Free cashflow waardering valt goed mee zie ik.

Amsterdam, 3 March 2017 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that its subsidiary AMG Mineração, Brazil ("the Company"), has signed a multi-year contract to supply 90,000 tons per year of lithium concentrate, for conversion into lithium chemicals, with deliveries commencing in the second half of 2018.

Sales prices under the agreement are partially indexed to the published market price of lithium carbonate, subject to a contractual minimum threshold. The sales price (CIF China), determined with reference to the current published lithium carbonate market price, would exceed $800 per ton lithium concentrate.

In October 2016, the Company awarded an EPC contract to Outotec Oyj, Finland, for the turnkey delivery of a lithium concentrate (spodumene) beneficiation plant at its Mibra mine in Brazil, with an annual production capacity of 90,000 tons. The spodumene plant is expected to be operational mid-2018.

AMG Mineração is currently undertaking a drilling program at its Mibra mine in Brazil and expects to publish an updated mineral resource statement in the second quarter of 2017. The Company targets to double its annual lithium concentrate production capacity to 180,000 tons by end of 2019.

The recovery of lithium-bearing minerals from existing tailings, a by-product of AMG's tantalum operations in Brazil, is expected to result in a cost-leading production process.

Poldermol schreef:Umi, uw logische gevolgtrekking is absoluut correct, maar er zit één klein flawke in. Afgaande op het woordgebruik lijkt de verkregen spodumene-prijs variabel te zijn en geenszins fixed (dat merk je ook terecht op met 'dan zullen de prijzen hoog moeten blijven') . Verkregen prijs lijkt ook samen te hangen met de lithium SPOTprijs in China, en nu er meer contract sales plaatsvinden zal die spotprijs ook wel fors dalen (ligt nu op 2X de contract price).

Dat gezegd zijnde, als ze spodumene kunnen verkopen aan $600-800/t, dan zou ik het eigenlijk NIET appreciëren dat ze zelf LiCO3 zouden willen produceren. Keep it simple

Sales prices under the agreement are partially indexed to the published market price of lithium carbonate, subject to a contractual minimum threshold.

Capital expenditures increased to $44.1 million in 2016 compared to $23.3 million in 2015. Capital spending in 2016 included $18.4 million of maintenance capital, compared to $13.1 million in 2015. The largest expansion capital projects in 2016 were AMG's lithium project in Brazil, Ancuabe graphite mine project in Mozambique, titanium aluminide expansion in Germany and silicon furnace upgrade in Germany.

Capital expenditures in the fourth quarter 2016 related to the lithium project were $5.8 million.