Roundtable Discussion; The Future of Mineral Sands. 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.
Some old plateau results..
1.45% to 3.28% Nickel !
http://prntscr.com/q88bek
BooBoo
That's the awesome thing about these types of deposits.. They sit just underneath an ash blanket and to a depth of only 25/30m approx. No crazy deep drilling needed.
Previous exploration on the slope wasn't in the wrong position, that would still be mined in any operation of course, but yeah, the main plateau is where we need to focus now.
An already huge resource could, and should be multiples of what it is now.
0.50 just an indication of where it is going
Another large buy. Deal with it above the ask
The crux of the matter is very basic here. Lots of investors or should I say ex investors from SOU bitter and twisted by their losses now expressing their anger at Parsons on this board.
Yes you lost money but if you look deeper into SOU you will see that Parsons made a lot of people a lot of money. Those that bought in at the top suffered but that is investing. Get a grip and move on.
This company may have been a dog could still be a dog but the share price will go higher. It just doesn’t matter how many times you post on here it’s going up. Why not buy some and regain some losses?
Give it a rest you are boring, sad, its sad.
Mr Parsons will love the potential here. It's a scratch in the jungle. The best prospects are drilled first. Don't expect upside. But it will be built up into a world class deposit. It will be intimated major companies are sniffing around the area and a wall of money is being sent by the Chinese.
The crux of the matter is that a torrent of share dilution is on the way. You will be awash in those little share blighters. Everyman and his dog will have 50 million shares to sell. This is going lower.
As you know, we've only explored circa 3% of the area so far, the 162 million tonne @ 0.94% is on the front slope with a tiny bit of the main plateau tested so far.
The radar work at the moment is on the plateau. so we should expect a resource upgrade on that soonish.
As for grades.. I was looking back through old RNS's at the weekend. Some of the historical drilling stopped at the higher grade Saprolite layer, thinking it was bedrock :/
RGM did report higher grades in the Saprolite, will dig out the info...
Suppose that would depend on whether Pure Minerals want to either increase annual output of the plant, or increase mine life.
They have a deal at the moment to supply 5/ 10 years ore and the PFS based on 30 years.
This is of course great news ,but won't this mean additional capacity = additional CAPEX ?
Pure Minerals releases a PFS overnight on the ASX.
To build a DNi plant in Queensland and import ore.
RGM have applied for a mining licence for their Mambare project, on the basis of a Direct Shipping Ore operation (DSO) using toll processing.
Beauty of this plant & PFS for RGM, is RGM now have a viable option in the making, potentially to use a specific plant, with no capex to RGM.