Member Info for 5x5Croire

Maybe when they do the valuation it's so incredibly high they are unwilling to record it.

My GGP went from 1.68p ( av. later 3.98 ) to 35.95, when I top sliced.

"· The Company is also in the final stages of planning the next phase of drilling, which is targeting extensions to the Ridges resources, where substantial resource growth potential exists"

Keep drilling BBG

The £12 was the final price paid per tonne, after a 3 way bidding war.

"Being surrounded by major iron-ore producing mines while also recognising Hamersley’s
overall confirmed exploration target of between 50 and 245Mt @ 50% to 65% Fe, TPI is now considering these factors along with scope to reduce the aggressive 80% discount presently applied to the opportunity. " From TP note

50mt @ £12 £600m
245mt @ 12 £2.94bn

£12 from the last time a co. with reserves was sold

Paul read what Fenix have done -

http://fenixresources-com-au.stackstaging.com/iron-ridge/

"Taking this together with reduced exploration risk being suggested by Han****’s recent run of positive drill results, the MRE and today’s initial Scoping Study, the relatively low cost of processing its DSO along with valuation comparison with Alien’s possibly most obvious (albeit more advanced) peer, Fenix Resources Limited (ASX: FEX), which is presently valued at AUD$118.1 million (£63.8 million) based on a total of 10.5Mt @ 64.2% Fe (Indicated and Inferred) Mineral Resources, suggests quite significant potential for an upward reassessment"

So get on and do it TP!

TP just put a valuation together, then BBG can sell it.

Will we get an upgrade from TP?

Tuesday will see everyone up at 7. Noticed you are in Castillo MrP, had it and Chesterfield as monthly punts. Still holding CHF, hope CCZ comes good for you. Copper really on the move. Silver must be next to fly.

We all know Rio is the obvious choice for the iron. What's the logic behind Glencore for EH, apart from the fact they have many JV's?

Nearly 1000 miles away!

Couldn't find a silver smelter in the area, wonder where the previous owners of EH had theirs refined?

Repeating a question posted yesterday - Who would be a possible JV partner for EH?

That's very useful info., thanks Max.

We will need to prove up considerably more first.

Also expecting cost of production to go up -

"Pilbara iron ore 2021 unit cost guidance is unchanged at $18.0-$18.5 per tonne. Operating cost guidance is based on A$:US$ exchange rate of 0.75 (previously 0.77). It remains subject to price escalation of key input costs in particular freight and demurrage, diesel, labour and contractor rates and additional COVID-19 costs to support workforce vaccinations."

Rio production figures - "We now expect Pilbara shipments to be 320 to 325 million tonnes (previously at the low end of 325 to 340 million tonnes) following modest delays to completion of the new greenfield mine at Gudai-Darri and the Robe Valley brownfield mine replacement project due to the tight labour market in Western Australia."

Can easily see the possible JV partners or buyers of the Iron. Any thoughts on who might be interested In EH? Would be preferable to have our own funds from selling the Iron and going it alone.