George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Lol. Agree with that assessment. We have everything that any ore lover could possibly desire. At some point, this surely must be reflected in our sp. Like ye olde Beowulf.
Good post last night.
Morning. Yes me too. An ol� sh@tkicker�s lingo that one. Lol. Importantly though, to market fine grade ore is the objective of all the players in this industry. The bottom line is the real premium, and it uses less energy, and emits less CO2�s in its production. The arguments for, are very strong. In my opinion only. atb
Aye, I'm a fan of this bunce thing. Ka-Pow!
Great that. :-)
Morning. That warms the heart. When there is premium price paid for premium ore, the premium figure is all bunce. atb
a reminder from avenza; You do not have to take so much with the "premium price", the numbers are absolutely amazing anyway. Scroll through some old analyzes and review this: https://www.redeye.se/arena/posts/analys-userreport-den-korrekta-analysen In addition to the entire process of processing concession, I still thought it was good to read this: "Based on today's price of iron ore (80 $ / ton) and apart from the fact that the concentration in Kallak is very high in some places and would give a premium price we are starting. We are also only from figures relating to Kallak North with a Access to 150Mt with a dollar rate of 8.9 is math simple. 80 * 150,000,000 * 8,9 = 1,068,000,000,000 SEK. Based on a break of 10Mt over 15 years, it gives a turnover of 7.1 billion SEK annually. This is of course of minor significance if you do not know what costs are available and it is therefore reasonable to compare with other mining companies. Boliden, LKAB and Lundin Mining (Zink Mine) all have an approximate operating margin of 10-15% based on the low metal prices in recent years. With this as a starting point, Beowulf Mining with an operating margin of 12.5% ​​would deliver an ebit of 900m kr. It gives a net income after tax of almost SEK 700m and depending on which P / E is considered reasonable, the following values ​​are obtained: P / E 10: 7mdr P / E 15: 10m P / E 20: 13.8mdr This against the company's current market capitalization of approximately 500m gives a "minimum" realistic price increase of almost 1300% (!) And a share price of "at least" 13.3 kr / share. Note that throughout the analysis I calculated the lowest possible numbers and the industry average as such. " Just replace the iron ore price at $ 70 / ton and the dollar price to 8.36. Even without premium prices, there will be fine numbers. .
Nearly 20%, disgraceful...
tintin35 �.. maybe we will then. EricDraven �.. I think all of that is right. Votes do matter! Needless to say, we hold bias, however, looking at this objectively as best, Kallak(s) has so much to offer so many. The Swedish people, and all investors, do not want any erosion of anyone�s rights. Hell no! The proposals do not come close in making any such threat imo. The grade of iron ore at the Kallaks are of the finest quality, and any Government that fails to make the argument for extraction, will have then failed. Yep, I�m with you, decision before election. The CAB�s alleged failings were on their watch. In my opinion only. atb
tintin35 �.. maybe we will then. EricDraven �.. I think all of that is right. Votes do matter! Needless to say, we hold bias, however, looking at this objectively as best, Kallak(s) has so much to offer so many. The Swedish people, and all investors, do not want any erosion of anyone�s rights. Hell no! The proposals do not come close in making any such threat imo. The grade of iron ore at the Kallaks are of the finest quality, and any Government that fails to make the argument for extraction, will have then failed. Yep, I�m with you, decision before election. The CAB�s alleged failings were on their watch. In my opinion only. atb
Good posts yesterday guys and Sooz. Agree with you. No nukes! Instead, continued verbal craft from Kurt should lead to a narrowing of the Government's options. Lol. Best of luck to us.
That's a good sign Tintin. I'm hoping our ANI is a bonus for us in all of this. Somehow, yet I don't know how. It hasn't come into play yet. Well, only in the background. Lol. In my humble. Cheers matey.
Sorry, I meant Jokkmokk and the wider, Norrbotten County.
I was thinking of the good people of Jokkmokk, those who are in limbo over this. Will the non-retirees have to move away in order to get jobs etc, or can they stay where the heart is? Beowulf aside, they are the ones really suffering at the hands of the bureaucrats. I doubt they are happy about how things have gone with our application. Much needed prosperity remains elusive. Only my thoughts. Hence why I feel we'll have the decision before the election. Votes matter. Enjoy your evening.
I'm not sure Aug, but of course, we may not be the only ones who are pressing for this decision. Lives have to be lived. Lol.
they did with Copperstone - said they were minded to issue licence some months before finally doing it. I'd like confirmation that they are not seeking any more bl**dy opinions before getting excited. Sticking with my 6 May decision date though for the hell of it.
Afternoon. Do we think that the Government will come forward with a decision date, cut-off - or will they be reluctant to do so. atb
actually sold their shares only to buy them back a minute later losing 300 shares in the process.. and just so that it shows 5% up!? lol..
The Spanish historically have plundered everywhere and anywhere, so one more venture won�t matter! The Swedes, well the Swedes? Judging by what�s happening, or not happening as the case may be, it would appear historically they have manufactured roundabouts with wooden reindeer to ride on and run the Sami ! Lol
The Swedish government needs to wake up and smell the coffee. Over in Spain W Resources (WRES) have obtained a significant grant from the local authority to develop their La Parilla mine. Maybe the Spanish people see jobs and economic development as more important than nomadic subsistence living.
He�ll probably qualify for legal aid by that point! 😆
Of course K Budge believes (a very expensive) legal action to be the nuclear option - if he presses the button a large cash call will have to be asked for just as the SP is plummeting. It is ok threatening legal action when you have the upfront cash and a high chance of success, otherwise you are all hat with no cattle.
Sorry, I forgot the third use of the nuclear option. It is sometimes used to refer to nuclear weapons being the extreme option in times of war. I hope that's not what Kurt has in mind !
The bit about the nuclear option made me smile. Most people think that it's the decision to start lobbing nuclear weapons at someone that you are hacked off with. Actually it's nothing like that. It's what's referred to as a "disambiguation", a word that only Yanks would come up with. It has two meanings "Removal of ambiguity by making something clear", or "Overriding rules to allow the US Senate to do whatever they wish to". In my opinion It's not a threat from Kurt, It's a gentle request for the government tidy up and clarify the current barmy permit award system.
Yes, indeed. atb