Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
@HH - perhaps check more Fenix sources and contact Turner Pope /UFO mate to see if you can identify and source this, I'm sure you'll agree it is pointless debating it and more productive to investigate and feed back to the board, it is where a pedantic nature adds value to chat boards :-)
Stevomining i rank your knowledge with something stuck on the bottom of my shoe, not very good and unpleasantly sticky
It's DSO that the Chinese are after since it is the most efficient and least polluting when converting into steel.
Great news today that so far we have in excess of 10M tonnes of it!
"Moreover, recognising that that China’s steel industry aims to reach peak carbon emissions by 2025 and achieve a 30% reduction from peak by 2030, its decarbonisation push is seen providing new demand for high-grade direct feed products, possibly spiking premium ore prices around the time that scale production from Han**** gets underway."
Tufftrader go through hh's posts all will become clear, also posts the same crap on every share, omi and a few others.
Im realistic it tries to say, what the virtual identically posts on different shares. Most are on to hh now
HH, good question to ask but i assume TP have not just made up that figure. Shouldnt be too hard to find out.
Ignore napthan, he runs a recruitment company. I worked via such companies in the past and I rank them along with estate agents and used card salesman in terms of the human ladder.
Let’s ditch the pointless antagonism chaps. Great volume coming in now and it’s only 09:50. And besides Napth, Haddock’s post indicates his agreement that profitability could indeed be even rosier. I see us tickling a penny today.
loads of insults at you???
you are the boards subtle deramper and i will keep pointing it out
@napth - I know you've taken it upon yourself to instinctively hurl insults at me rather than actually dispute any of the points I ever raise.
However I've made a simple statement that is either right or wrong. I've not found anything in Fenix's annual report to suggest where TP got their figures from, though it is a lengthy document. If you wish to point me to the relevant page of Fenix's annual report I'll happily acknowledge that I am wrong and have simply missed the appropriate comment.
Hh back with his crap again
"Assuming Fenix’s own production cash costs of (US$47/t)"
@ Max111 - I'm not disputing that you've accurately quoted what Turner Pope have written, but I'd be very curious to know where Turner Pope got that figure from. Fenix put out their annual report only a few days ago and their headline figures seem to imply somewhat higher costs than Turner Pope imply even when converted from AUS$.
If TP are correct and Fenix's production costs as a small producer are as low as $47/t then it paints UFO's iron ore in a far more rose tinted and potentially profitable light.
Sold off as is, minimum £120m, 4p a share. Just for starters.
No revised valuation?
Thinking that the MRE is worth around £200-250M after deductions ? or am I way off ? GLA
"Ideally located in the highly prospective Pilbara region of NW Australia on the doorstep of giant producers including Rio Tinto (ASX: RIO), BHP (NYSE: BHP), Fortescue Metal Group (ASX: FMG) and Han**** Prospecting, such an outcome could well spark interest from a number of potential development partners." :)
"Assuming Fenix’s own production cash costs of (US$47/t), for example, this suggests it might enjoy a gross margin of c.US$50/t offering opportunity to translate this to EBITDA in excess of US$40/t each year based on current ore prices according to industry watchers."