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ETF Securities experts James Butterfill and Townsend Lansing: did you know you can go long and short on ETF's?


Red Rock Resources Share Chat (RRR)



Share Price: 0.725Bid: 0.70Ask: 0.75Change: 0.025 (+3.57%)Riser - Red Rock
Spread: 0.05Spread as %: 7.14%Open: 0.70High: 0.725Low: 0.70Yesterday’s Close: 0.70


Share Discussion for Red Rock Resources


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lemonade
Posts: 5,974
Premium Chat Member
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Opinion:No Opinion
Price:0.725
RE: Lemonade
Today 15:48
Orion, if iron ore's not your bag, well thats just groovy with me,, what are your thoughts re rrr's stake in JMS and the Steelmin deal,,, value wise of course?
 
lemonade
Posts: 5,974
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.725
RE: Surely
Today 15:41
Not sure which is the biggest story boohoo???, largest share holding leaving after announcing they were selling down, or new largest seller entering out of the blue?. I guess we'll make our own minds up when TR1's arrive
Orion10
Posts: 1,877
Off Topic
Opinion:No Opinion
Price:0.725
Lemonade
Today 15:22
I can assure you as the person who assembled the RRR iron ore portfolio and was the architect of the Jupiter Mines takeover the Mt Ida magnetite project in WA wont get off the ground in your lifetime. As for Mt Mason very small hematite resource with basically no infrastructure yet and hundreds of bigger and much better projects in the wings closer to Port Hedland - Tshipi a great project -no question about that - but you can't win them all. Forget RRR -Look at the Wits 2 players in the Pilbara -an exciting story capturing investors attention from all around the world.
booboobooboo
Posts: 721
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Opinion:No Opinion
Price:0.725
Surely
Today 15:18
RRR losing its biggest shareholder is the main story of the week here ?
lemonade
Posts: 5,974
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.725
Sink Me
Today 14:48
Mr Magic,, you've sent me over 6000 posts.
lemonade
Posts: 5,974
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.725
RE: Mount Mason/Mount Ida
Today 14:35
Maybe you would be kind enough to call them, and say no point doung anything here , you got lucky with Tshipi, but Mason and Ida are just pants.. I'm sure the daft lad thats reviewing them would appreciate the help.lol
MrMagic
Posts: 10,634
Observation
Opinion:No Opinion
Price:0.725
RE: Mount Mason/Mount Ida
Today 14:31
Your presentation simply says they will review the situation. I'm sure they will do so and I'm sure they will conclude that with iron ore prices being where they are, they will keep the project mothballed. Believe whatever dreams float your boat though, free world and all that.
lemonade
Posts: 5,974
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.725
View Thread (2)
RE: Mount Mason/Mount Ida
Today 14:27
Your welcome to your opinion Magic,, just like you expected MTR selling to take forever.
I refer to JMS website and presentation, i find it tends to be more reliable than people called Mr magic.
MrMagic
Posts: 10,634
Observation
Opinion:No Opinion
Price:0.725
RE: Mount Mason/Mount Ida
Today 14:12
As stated Lemon, the price of iron ore at the time Jupiter mothballed Mt Ida was over $100. If it's going to cost around $1.6 billion to develop the venture then that sure as hell isn't going to happen imo unless iron ore price goes above $100 and stays there.

Unfortunately prices appear to be dropping according to this article:

https://www.ft.com/content/da220e25-5b83-3c04-a51d-5ce1e6f6e666

"The price of iron ore has declined about 10 per cent over the past five sessions to trade at near $69 a tonne, the lowest it has been in two months, and analysts expect further pressure over the next quarter. The price drop appears to be starting to pinch for major producers"

Another article here:
http://markets.businessinsider.com/commodities/iron-ore-price

"Iron ore price in free fall"

"The spot price for the benchmark 62 per cent fines dropped to $US68.85 a tonne, the first time the commodity has been below $US69 a tonne since July 28."

“This as the minutes for (the) September RBA board meeting, out on the Tuesday, opined that iron ore prices are likely to fall from here,” a Patersons Securities report explained."
okenia
Posts: 8,883
Off Topic
Opinion:No Opinion
Price:0.725
RE: noted
Today 14:06
"Note also that it was reported that a feasibility study concluded that it would require some $1.6 BILLION to develop the project."

Tier 1 assets developed by majors are of this scale. It's not in the slightest bit unusual for an asset to require that sort of capex. The value of the asset is greater than that - it's just that it's so big you're talking telephone numbers.

As with any large project, Jupiter would either raise debt funding at project level to fund it to devt, or else (and more usual) it'd be a M&A target for a major.

Iron ore is probably the most extreme example of this - these base/bulk metal projects are typically massive undertakings (see Rio's iron ore in Aus) with incredible scale movement of materials etc. It's writ on a large scale and the fact that the capex is $1.6 billion is a sign of the scale of the project.




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