Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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If i took that long getting the paper work ready i would be sacked lol
The longer this drags on without the LP, the price will start to drift backwards. Friday tomorrow and last week of April next week. These weeks and months continue to fly by.
I know many said April before they got worried. Now we’ll say ah well, maybe May. Blink and summer will be gone. M
MB needs to give us another update IMO.
The stock market is unexpected, if there is any further news on when LP may land this will break through 7p, I wouldn't try guess tmrw,
LP now getting closer by the day 3 weeks nearly since last RNS ministry making paper work ready for cabinet approval, getting closer by the day, Friday Monday are days to watch but could land anyday
Looking very quiet this morning very few trades hopefully picks up later in the day
Yeah your right... it wont climb without an RNS...just the 50% in the last 2 weeks...
whoopsie...
I stand corrected on the tanker issue. I mistakenly substituted gallons for barrels. The economics will still work out with the cheap drills though. It will be a fleet for the raptor but just a small convoy for Heron. Ten four rubber ducky.
Until we have the RNS there will be no big climb imo, just a settled period
Hamm
Don’t forget to deduct the cost of transport to a refinery in China, 5% royalty, operating costs and the Mongolian government production share under the terms of the PSC. Also, what is the relational between crude oil delivered to refineries in Northeast China and Brent.
Pullback from the peaks but recovered well.
Could see a big climb coming..
The size of tankers is interesting but the reality is that there will be as many as it takes to move the volume of oil produced.
That's just how it will be.
// large tankers have a maximum capacity of 11,600 gallons.//
3000 barrels is 135000 gallons
Guys, hold to your golden shares and ignore the nayers. Heron on it's own with 200 millions recoverable x $85 pbo would be $17.000.000.000. Sut tight the rerate is on the way. LP may landed anytime.
T****gson - 324 tankers at $$70 : barrel if Mr Postive is right that there are 3000 barrel per tanker
Well you did ask!!! Lol
All post gone about Velocirapror logistic & positive price re-test.
Maybe glitch & come back in few minute
Be happy today & every day :)
Yes a lot of tankers.
Good isn't it?
The more tankers the cheaper they get too, each one helping to transport black gold into Petro Matad's account.
Long lines of them weaving across the Mongolian Steppe like a modern day Silk Road..... the Oil Road.
How many tankers to equate to our current Market Cap?
Not many.
(The line of tankers moving Oil from our side of the Heron filed to Petro China's for onward transportation won't look so romantic but the money generated will look the same!)
Tick Tock.
//that was roughly 12 months ago , therefore must be well underway now.//
Is that sarcasm?
Thank you Jimminbush / so that was roughly 12 months ago , therefore must be well underway now.
For info only. https://www.mongolianminingjournal.com/a/72328
I don't think the guy who mentioned fuel trucks needs to be concerned. There will not need to be a whole fleet of them queueing at the well. Each one can hold 3000 barrels and we will initially only be pumping about 500 a day per well. For Heron thats only a truck a day travelling 20km up to the first six wells.
Thanks Jiminthebush- but where is that comment from and how old is the article or source . Thank you
Always say RE-TEST of price is GOOD
This happen again and everyone can see strong buys when price hit 5.5-5.7p. Last time had same when price broke through 5p to hit 5.5p then re-test 4.9-5.0p
This is all on graph & do not need special knowledge to see
Maybe we see re-test again or maybe stay at this price or maybe start to push to next level.
Do not know BUT I look at header & see this happen in Q2. This is enough for me :)
Also know every time re-test price get STRONGER and is better for next push.
This make me happy to see :)
The progress of the oil refinery construction project and the contract signed with the contractor to finance and build the oil pipeline project were presented. The Minister of Mines, Mines and Heavy Industry has been instructed to carry out an engineering geological survey along the route of the oil pipeline, and to develop detailed drawings and projects for the pipeline. The Ministry of Media and Public Relations of the Government has instructed the relevant ministers to study and present the issue of funding required for the training of specialized engineers and technical workers to work in oil refineries.
Chinese will build that pipeline in 12 months.
Initially, oil will be exported via tanker to refineries in China (in co-operation with PetroChina who produce the majority of the country’s oil from its Toson Uul field complex immediately north of Block XX). However, once the new Mongol Refinery is completed (scheduled in 2024) all crude production in Mongolia will, by law, have to be refined there and transported from the Tamtsag area by a planned pipeline connection
how do you think petro china has been doing it for years? tanker. sheesh