Member Info for allthatguff

Another eay to look at it..per tonne..

$23 cost to produce and move to port
$20 shipping

Long term 65% Fe price, conservative $70
Net $27 profit.

12mtpa stage 1 >> $324m per year, ZIOC share $162m pa

At 30mtpa stage 2 production Zioc share $405m per year.

Very crude figures, but no matter how you slice it, monsterous. 30 year plus lifespan of mine. The mind boggles. Remind me ehat the cap is now? Ludicrous? Yes.

Notice how the Rns does not start with "we are pleased to announce"

It does take nerve to trust and believe in the information, despite what the sp says. That is how money is earnt, otherwise this game would be very easy. Similarly, last year it ping-ponged incessantly around 5p even though we knew the environmental permit was coming by year end. So keep the faith and hold strong.

Very much looking forward to the final results RNS on Friday which should include the Q2 update.

So you are back in JLP for more punishment, capehake. The curent sp looks like Ouma's rusk at the moment, shapeless and rock hard. Have a look at ZIOC this week, news due by end of week. Could be significant uplift, imo. You missed out the first time when it ran from 5p up to over 20p. The potential is still there.

Glencore is one of the biggest mining companies and trading houses on the planet. Off-take agreements are bread and butter. Where do you stand? #crunchtime

Have you ever tried to pleasant? Sad.

Indeed, plenty of unpleasant people on twitter. Just perfect

Are you saying you are joining the dots?

Thanks, Tom. Very interesting on the slurry pipeline. I had mentioned possible rail switch. That puts that to bed then. An iwned pipeline gives far greater control.

https://www.metalbulletin.com/Article/3814295/Latest-news/Rio-Tinto-underlines-Chinese-demand-for-high-grade-seaborne-iron-ore.html "Rio Tinto underlines Chinese demand for high-grade seaborne iron ore Rio Tinto maintains its iron ore shipment guidance at 330-340 million tonnes for 2018, the miner said while addressing investors in Perth, Australia, on Monday June 18 as it underlined robust demand for high-grade iron ore from China. The miner said that the scale and timeframe of China’s steel capacity reduction was unprecedented and coupled with the country’s environmental restrictions, structural changes had occurred in the iron ore market leading to a productivity focus by Chinese mills and a preference for higher grade ore. Last month, market participants had noted that the widening grade differentials in the iron ore market had created the need for derivatives for high-Fe products."

Sorry, I meant 0.3 - 0.4 mtpa for EPP. Infuse coffee now.

Indeed. How large an operation can they do within the existing infrastructure constraints? I am guessing around 300 - 400 mtpa? But the real zinger is the port go-ahead, do we get stage 1 mine financing. This needs to happen soon to keep timelines synchronised.

Twitter is the perfect place for certain kinds of posters. The piwrr of sound bites, misdirection and carp.

Glencore own the majority stake in Zanaga. That is the point. Ultimately, they call the final shot.

Who owns Jumelles?

The purse strings and ulimate decisions (strategy) rests with the Glencore board, including Ivan (Ivor lol). There isno confusion.

From Forbes profile.. REAL TIME NET WORTH — as of 6/18/18 $6.6 B CEO Ivan Glasenberg holds the biggest individual stake in the world's biggest commodity trader, Glencore. https://www.forbes.com/profile/ivan-glasenberg/ Big cheese, he has huge influence on the future of Zanaga.

Ivan, yes. He morphed into my head as Ivor :)

Is a hard nut... https://en.m.wikipedia.org/wiki/Ivan_Glasenberg