Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Seive!! Seive Samsung, why it feels the need to correct it
We could settle this debate easily, oldslow get your spade, bottle of volvic and your blue barrel of acid, and get digging.
Don't forget the server!!
And for Pete,s sake wear gloves š
Ok Old but it still wouldnāt make sense to do so and wouldnāt be of any scientific āgainā or indicative of any cost or profit.
āNO,i was saying if we already have the cores with say 5%ā - a 50, 100, whatever hundred metre core sample yes which takes into account metre by metre along its stretch. Letās say the 99-100m core sample bit weighing 8kgā¦ you can gather than surely that to dig 3 ton at that 99-100m depth to get that amazing % of mineralisation at that point you would have excavated millions of tons of whatever else?!
āave then put them through a wash/mill/with water and acid and see how easy it is to do it,and how much acid is needed,the water is cheap to seperate out the titaniteā - could do this but I imagine they already know a rough figure.
āwould give a ball park cost to get the titanite refineā -No, it wouldnāt. It really wouldnāt Old because as I said in my previous post they donāt mine by pulling up drill cores so fundamentally this would be a bad idea. And wouldnāt give a ballpark cost.
āthen multiply by a few billion to see the potential cost versus the prize of a ton of ti at $1500 @95%ā- you canāt just āmultiply by a few billionā although if my wife asked me how frequent Iād like our bed time exercise to increase Iād go with that answer.
Haha, touchƩ
Your right, have fun
But yet you still do put yourself in the conversation..every time..for whatever reason.
I'm at that point where, I don't even want to put myself in the conversation.
He could say 2+2=5, I'd be like.
Your right, have fun
NO,i was saying if we already have the cores with say 5% ave then put them through a wash/mill/with water and acid and see how easy it is to do it,and how much acid is needed,the water is cheap to seperate out the titanite would give a ball park cost to get the titanite refined. then multiply by a few billion to see the potential cost versus the prize of a ton of ti at $1500 @95%
š¤£š¤£ God loves a trier tho eh, I really want what he smokes!! Sounds fun
Oldslow65 are you asking as to how much it would cost to extract the said weight of a core sample and then as to how much weight that core would have and then as to how much money we could get for that specific core?
If so I don't think the profit would be much if any a core sample isn't the way to mine and would be very costly versus ordinary digging methods. The core sampling is purely to see the makeup of a potential area of mining and the different % per metre of mineralisation which you would then be able to gauge as to how much a traditional mining operation would cost to extract and the best method for doing so.
Not to rain on your parade either but simply sampling a coreand lets call it 200kg of core and then multiplying it by 5 isn't at all a good way of finding out the cost and could make a sample look very good or or very bad.
E.G If you pull a 100metre core and the first 40 metres is ridiculously magnificent from near surface but then the last 60m are crap it wouldn't mean that the core is crap it just means that the area would be great and cheap to extract the first 40m and then you would save yourself the bother from mining further down than the initial 40m.
Just took the plunge
Hoping for some interesting conversations in the future
Good luck all
Venture
Jakesdad, i agree, the grade and tonnage will kickstart the excitement and share price quickly enough.
I have been adding all the time while we are at these lows, so quite happy to have accumulated a good amount.
I am looking to hold for a minimum of 1 year till we get the pilot plant up and running. But I wouldnāt be surprised if we are bought out before then, or at least a joint veventure with a bigger partner.
GLA
š¤£š¤£ stop it, I can't!!! I thought you ran the numbers last month chief, 1.7 to 3.6 billion wasn't it? Ā£2.88 sp from a ,$65 ton value. All rudimentary of course my dear Watson.
I decided not to filter you mate, your good for morning giggles
In the presentation about a month ago, SB says when this set of drill results are in , he will give the market "Grade and tonnage "
Should be an interesting day.
Has anyone worked out the tonnage from the core samples? if its 6000mtrs (40 holes)and we know the core diameter you could work out approx what ore sample weight we have, and separating the titanite out would give a very good indication of cost of extraction,ie we get 1 ton of ti from 50 tons of ore using some acid and agitating it through a very basic wash plant,they already have the aussie gov. grant funding.
So any day now the drill samples will be finally tested,im expecting as shaun says mineralisation from top to bottom of the drill,ie theres a lot more there but we dont need to drill that deep as its under our feet and very cheap to extract a giant ti find,he said it rinse and repeat of the first 40 holes of the other area identified as the best to start mineing,or simply digging as its at surface....
Think that's great news, as it doesn't fall too much into the category of risk there referring to, not state owned or from countries with direct competition. I would say we would benefit from a level of protection through incentives and grants, as for empire to not fall into such category if some of them come knocking 1 day!
Https://www.bloomberg.com/news/articles/2024-04-30/australia-cracks-down-on-foreign-investment-in-critical-minerals
āNew investorsā
Weāre already there, already have permission and weāre already drilling.
Note needs to be taken as to why the Oz government is putting thing likes this in place now, a belief that a bullish run on metals is perhaps an indicator.
Could be the reason why they recently changed the JV term to all mineralsā¦.
I think the majority of us wouldn't have seen it, and why we appreciate the time and expertise ageos evidently brings to the board. No frills or fanciful suggestions. Hard cold facts. Love it
Well pointed out. Few here would have spotted that, least of all me.
I'm sure we'll all be hoping to hit copper.....
As emphasised in today's Proactive Investors interview, the current drill program is aimed at proving and evaluating the Pitfield TiO2 resource. There are however aspects of the program which will inevitably produce geological data of relevance to the potential for exploitation beyond that of the two Titanium targets. Of particular interest is a drill-hole well to the east of all others, on a property not previously drilled and for which assay results are pending
RC24HYN001, situated c3km east of the Cosgrove Target area and on the eastern edge of the 6km wide gravity anomaly, as shown in Fig 3 of the 25.04.2024 RNS [and fig 2 for regional context], is in a location well distanced from all other drill locations. The nearest Phase 1 hole, RC23COS014, 1.5km to the NW, although assaying 146m @ 3.32% TiO2 from 2.0m, is 2km east of the main target area and intercepted rocks at least 500m higher in the stratigraphic sequence than the sandstone host rocks of the main target. The HYN001 hole will be even higher in the Yandanooka stratigraphic sequence, well into the Mount Scratch Siltstones, and is the only drill-hole within the current Phase 2 drill program targeting such a speculative level. Why this drill location has been chosen is unclear so the assay results may prove to be of particular interest.
AGEOS.
Grazie Troajan,
Unlike the drill results and previous 2 RNS this one feels the most significant. Push up the sp and bring market to its knees hopefully. It will need to be top heavy with key numbers, in grades, quantity and valuation, all rough but close enough to the mark to make adequate waves. Only way this is moving 100% plus sp, more of the same common knowledge or widely known assumptions won't do it.
Then it's purely left down to the last obstacle, PEOPLE!! I'm terms of the team, who they bring in if that becomes necessary and how there moral compass works when giving fair an adequate value to shareholders.
Sean has holded up his part of the bargain so far, time will tell if the big stiff scarlet anticipated comes or we really do get the big pay day we deserve.
THANKS Tro
HORULT LEGEND