Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry to hear that barrett infact most lth are all down and have held through a very tough 3 years so seemed logical to hold on and see where this was heading considering the fact that the BOD at the time failed to capitalise on a high Iron ore price as opposed to Fenix which did extremely well.
To seems as if were back in business once again and IMO we are now entering a bull market.
BOD know this which is why why we have had a lot more progress regarding the selection of chrushing and haulage firms and finally the native title/mining permits.
Take a look at the incentive shares for Troy they start at 1p!
No hurry train is not leaving now infact weve only just started a nice slow comfortable journey towards fair value of 2.7p📈
Anyway as ive said before A stronger Iron ore price meant more incentive to finally unlock the projects value ,this work has been going on in the background and now Native title has been recommended and a mining permit is due to land !
The numbers are starting to make a lot more sense as we approach 140/T And operating costs at atound $70 /T give or take , with an output of 1.25 mt per anum you can see how much cash can be generated.
Nice vote of confidence ahead of the all important native title and mining permits👍
Max hows iron ore doing today 📈
Rio Tinto CEO says China still promising mineral market as EVs boom.
As one indicator, #China's steel production has risen 4.4% in the past 12 months, he said. This has driven demand for iron ore to "very, very good" levels. #IronOre
https://x.com/sino_market/status/1722506129270555121?s=46&t=Zg0N8HXs0Zm_GHaWBGIfkA
Insane volume 90million shares traded already !
This has all the hallmarks of a 10 bagger ,a mining permit is a game changer as it allows us to bring online a very low capex direct shipping iron ore operation in a tier one jurisdiction with direct access to the great Norther Highway not far from BHP’s Mount whaleback.
Great find enuff !
And iron ore looking strong 👀
Im pleasantly suprised at the resilience
of the Iron ore price ,it seems the lows are very much behind us. The charts also seem to agree 🙌 Tacet?
No hes not paid at all he was UFO superfan back in 2020 when things got a little crazy ,those Tiktoks were hilarious.
I remember a good post from Happyhaddock saying that most gains for a stock are made in the space of 10 trading days or so and investors try to anticipate this but most investors fail. Just shows how fast the SP trajectory can change once the right RNS lands.
dicki its quite obvious a much higher iron ore price will improve the economics of han**** making them more appealing for investors and financiers looking to get resulting in more liquidity,take lithium for example.
this will incentivise all involved to extract value from these projects while prices remain elevated ,fenix done really well and took andvantage of this opportunity when iron peaked at $230/t
imo iron seems fairly stable around $120/t anything above this is a bonus.
Ooo that pre production sweet spot ….
Yes true 5x5 however it’s likely that its close to the bottom now and we will see much higher prices in the next bext few years , that is my point.
5x5 heres is one if my old posts regarding EH/munni munni
Did a little digging the other day on Munni Munni and wondered what happend to its ownership and why was it not pushed forward to ptoduction?
Well it comes down to the low price of platinum and palladium at the time which is the same reason why Arian ceased its operation at EH which was uneconomic at the time.
So Lonmin a South African company operating in the Bushveld complex which hosts more than 70% of global PGM resources,Lonmin was acquired buy Sibanye-Stillwater for $286m in 2019 making them a LARGER source of platinum than ANGLO AMERICAN🤔😉
2003.
Lonmin's withdrawal coincides with the completion of $8.5 million of exploration and development expenditure conducted at Munni Munni over the last two years. Under the terms of the Agreement between Lonmin and Helix, Lonmin were required to finance all activities at Munni Munni up to completion of a full Feasibility Study. To date, the activities have identified a resource of 24 million tonnes at 2.9g/t Pt, Pd, Rh and Au containing a total of 2.1 million ounces of precious metals. Opportunity also exists to identify further the potential for a new PGM resource. The Munni Munni Project has a large component of Palladium with lesser amounts of Platinum and with its defined grade of 2.9g/t is reliant on a strong Palladium price. When the Joint Venture commenced in May 2001 the Palladium price was US$600.00 per ounce compared with US$250.00 an ounce in January 2003.
So Lonmin took interest when palladium was $600 per ounce and pulled out at $250 per ounce.
In March 2022 paladium price reached a peak of over $3400 per ounce and is currently sitting comfortably at $1570 per ounce.
News flowing much better as I get a good sense of urgency from the BOD for a change!
How lucky are we to own the tenement that grants us access to the great northern highway whilst surrounded by mining giants with 200mt plus just sitting there landlocked 🤯
Could see things get interesting from this perspective too👀
Also those ridges in the mallina resemble those at Sirius only much larger so im looking forward for some drilling in that area.
Metal head the application are under Right to negotiate RTN
Once FID is complete thene we may strike a deal with them to start mining ,they wont allow us to do witjout them having a piece of the pie aswell don’t you think.
Metal head this is where they discuss the business side of thing for example royalties for knack or a one of payment ,jobs etc these need to be worked iver after concluding the final investment decision FID 😄
Surveys.
· The HPAs provide for the grant of the Licences without objection by native title parties, including the withdrawal of existing objections as well as mechanisms for engagement with the Nyiyaparli People and the conduct of heritage surveys.
· The miscellaneous licence provides the Company necessary tenure to construct essential infrastructure (subject to FID) for road access from the Great Northern Highway to the proposed mine site.