Member Info for allthatguff

..just need iron ore to go with it..

https://www.businessnews.com.au/article/Surefire-to-get-new-Saudi-backing-for-vanadium-play

"Vanadium magnetite concentrate from Surefire Resources Victory Bore project will potentially be shipped to Saudi Arabia where it will be processed into vanadium-titanium-magnetite end products under a new agreement to be thrashed out between Surefire and Saudi based Ajlan & Bros Mining and Metals Company. "

The Saudis sure love their partnerships!

Fab find ah!

"Major partnerships between the private sector and PIF, along with its portfolio companies, will be announced, showcasing tangible progress in collaborative efforts for the Kingdom’s economic development."

!!! Exciting !!!

Sounds perfect, good job alwayshoping! 🤞

And where is StarBright's best friend, what was he, fusty or musty or something? Short lived as a super nova 🤣

..and.

https://www.zawya.com/en/business/energy/saudi-future-minerals-forum-deals-worth-72bln-signed-on-day-one-xf0w9xn9

"Saudi Future Minerals Forum: Deals worth $7.2bln signed on day one"

MOU's as RNS 'ed could be expected this week, entirely feasible. If it takes longer to end Q1, that is fine as well. We are used to waiting 🌝🙂

..Zanaga the last crown jewel announcement they will whip out today to close?

Oops, sorry Veteran, you already posted that. Thanks 😄

Https://www.bnamericas.com/en/news/brazils-vale-faces-growing-pressure-to-expand-iron-ore-production

"Brazil’s Vale faces growing pressure to expand iron ore production

Published: Tuesday, January 09, 2024"

"“Vale has lost a lot of ground in global iron ore production and perhaps to recover this lost ground it will have to look at iron ore assets outside the country,” Tito Martins, a former Vale executive and ex-CEO of Nexa Resources, told BNamericas. "

## everyone is scrambling around for the good stuff. The current iron ore climate is the best ever for Zanaga's hopes!

If not now, then soon..

🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞🤞

The starting gun has fired and are we off to the races?!?

GL All and Pax Romana

With all this muppetry, the week ahead which could be transformational has been obscured. Good luck all!

It is really not that difficult to understand.

Glencore will not sell this for nothing (ie 50ps, £345m mCap). They could have sold out years ago, they have not done so in the last decade.

So if the only offer is 50p as you believe, then it will never get developed, so be it. Following your own logic you should thus sell up on Monday..good luck in your investments elsewhere duster 😉

It is up to Glencore, the biggest shareholder by far. I don't think you quite understand the setup..

I believe Glencore is not a registered charity :-)

Technically, what is in the ground is 34%, but yes,after processing..

Thinking about Zanaga, I think there are two logical routes depending on who the strategic investor(s) is ..

- do 12 mpta and then self fund to 30 mtpa. Maybe suited to non statal investor (ie smaller)

- go full out and build 60mtpa operation for full economy of scale (the resource can do it). Probably best fit for state entities, ie Saudi Arabia, China etc.

The 30mtpa solution only seems logical if self funding from 12mtpa, imo.

FT article today on Simandou start

https://www.ft.com/content/80f37963-c718-4f8b-8d77-0f0d5b1c99fe?commentID=6b7d913e-4981-4e63-b001-fb65f68af233

"

Glencore have held onto this for many years, they are not going to ' gift' this away, imo. Forget the 50p scenario, may as well chuck this resource in the skip.The steel landscape has shifted significantly in the last 2 years, it is a different game going forward. I believe the old NPV calc is outdated anyway..

It would be a great deal for a lucky investor, a mere £2bn can buy you a 50% share of a 12mtpa high grade mine & pellet operation that could self fund to 30mtpa. Bargain.