Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@silverhorse - whilst I thank you for the support, I've never seen myself as a "big time" investor. My lifestyle has never been driven by the need for the large incomes needed to sustain big investments, secondly I favour enough diversification as to not take the risk of big time investments.
Also I've no idea how much experience others have all I can say is that I first started taking an interest in how my savings were or were not working for me back in the 80's and I've dabbled in various forms of investment on and off ever since. If I've learned anything it is that markets keep rewarding the cautious and patient and eventually spank those with the arrogance to assume they know what they are doing.
I guess HH knows alot more then you naphman1 - You where getting your nappies changed when HH was investing big time
Come on, HH is not negative ufo, its his biggest holding. Aaaaahhhahahaha you joker you HH.
where pops i mean stevi lol
O probably doing open heart surgery lol did you get the book I recommend HH. Paint by numbers?
HH so what you’re saying is that the price of coke goes up, it’s to the detriment of DSO?
I think not.
Well thats why they are now using hydrogen, which is cheap and green. Get with the times. Hh love your deramping antics, where is your mate who most likely sits across from you stevi lol
Max. When the Democrats openly call illegal migrants "Human Infrastructure" we know massive inflation is coming. Although, if people don't start going to work because of the "transitory" talk, the current available jobs will evaporate into the ether and we will be looking at massive deflation. Either way, precious metals have to start climbing, manipulation or not. What's going to be very bad for the people's of the world will be good for us. My only concern is that we might see a liquidity squeeze, as we still need money to prove-up our resources.
ATB, FG
Takes time for the funding to be translated into actual projects perhaps though Max and when USA picks up demand they'll use up more Brazilian supply perhaps,I'll look into wher ethey source most of theirs, although if true, this could be a a good thing as that perhaps counteracts Braziilian competition as they iron their issues out (lol pun intended) , as their increased supply will be used by America?
African supply coming onboard later this decade seems to be less of an issue in the amount they might be able to supply and there do seem to be serious cost and development issues in some of China's plans reading the ASPI report.
@HH - True, more I look into it , very hard to predict what the price will be reading through the latest futures report from the ASPI (and detailed within) but business planning does require you have to look at varying scenarios and plan for them as will the scoping studies, so a valid discussion point for the board :-)
HH Who cares about the price of coke?? We are not steel producers!
We are simply supplying the iron ore and we are going to make a lot of money doing so.
What I find interesting is that no one is factoring in the $32 Trillion dollars (34% of global GDP) has been printed globally since the beginning of the pandemic much of which is focused on infrastructure and is now starting to filter through. Plus no one is factoring in the $1 Trillion Infrastructure Bill that will be voted on Monday 27th September (which IMO will be passed). Perfect timing for the lag effect to affect iron ore prices for when we go into production.
The other side of the steel story is the coking coal story. Steel works need both iron ore and coke and the price of coking coal has been no less volatile than iron ore so I'd not ignore the potential connection for demand for iron ore to be linked to coke supply/prices.
Trying to make long term forecasts about demand from an industry subject to such short term volatility is always going to be a huge challenge. You can make hugely bullish or bearish forecasts and in such uncertain economic times the thing we can probably say with greatest certainty is that we are likely to be wrong through overlooking the surprise factor that ultimately ends up being most relevant in the future.
I think the best economic forecast I ever read was a historic quote from J P Morgan who, when pressed for a definitive statement, confidently predicted that the markets would keep fluctuating.
Timely post as just been reading article linked below Max trying to get my head around the vastly differing outlooks for price and the article explains why this might be very well IMO - certainly so many dynamics around iron ore supply, actually really interesting.
Bill's current view of CAPEX requirements and the attractiveness from having higher grade ore with the huge focus on ESG globally should insulate us somewhat from the more pessimistic outlooks I feel.
https://www.aspistrategist.org.au/iron-ore-futures-possible-paths-for-australias-biggest-trade-with-china/
Maiden Pilbara resource for Alien
https://www.miningnews.net/resource-definition/news/1418230/maiden-pilbara-resource-for-alien
This article was published in Mining Journal, but couldn't read before since behind paywall.
Bill told the publication some important details:
"From very initial high level scoping study review work, we are very confident the economics of this project will be very low with a very small capex to get started, along with the high quality of the ore and, more significantly, the upside potential of the tenement to host substantially more DSO grade material in the ridge systems," said Good.
"We feel that the current iron ore price will level out soon to a more acceptable level and high demand for the DSO grade material will continue as there is still huge growth in the pipeline, hence the need for quality raw materials."
Good said Alien had started initial concept studies, which were "extremely positive for having a very competitive breakeven cost even with the current dip in the iron ore price, especially if you factor in the location of the project, the very low capex needed, with no railway or port building needed or even huge pre-strip requirements".
Then the article mentions, "Han**** is one of two tenements that sit within the Hamersley project, which borders licences held by Fortescue Metals Group, Han**** Prospecting and BHP."
So the options for our economic high-grade DSO sitting at surface are there:
Standalone, IPO/Spin-off, JV or large cheque.
Looking very promising indeed for shareholders :)