Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
The ones on here trolling after sering a small drop on open are the first ones to ramp the hell of this when it jumps , no effort no research just too emotional.
Incase you missed it weve risen 100% from lows from the update of Mining lease for 21 years! Before official RNS .
As pointed out by Norm that sell was soaked up nicely should finish in the green today.
Im feeling alot more positive as of late as weve been assisting actual work going in in the background despite the silence.
Im expecting a lot of news soon
There is no limit to the number of mining leases a person or company may hold. The term of a mining lease is 21 years and may be renewed for further terms. The lessee of a mining lease may work and mine the land, take and remove minerals, and do all of the things necessary to effectually carry out mining operations in, on or under the land, subject to conditions of title.
https://www.dmp.wa.gov.au/Minerals/Mining-Tenements-explained-5145.aspx
21 years mining lease has been granted 🙌
I agree smiller having held since October 2020 the first thought maybe to sell however knowing this share and how quickly it can move it would be a shame to miss out on a major cyclical move for metals which with the right news (JV hanvock and or Munni Munni) 2p+ is not that far fetched
Sinterklaase are you famous ?
Never have I seen in the history of LSE 56 likes👀
The aim is to acquire as many tenements as possible in and around the Great Northern Highway and explore those ridges and add to our deposits, so far we know Mallina maybe host to a much larger deposit compared to Sirius.
What we need is cash to drill further and a high Iron ore price to incentivise some deals.
A JV will greatly benefit from economies of scale and in these current conditions makes more sense than to risk a standalone operation with thinner margins.
Firstly thise mining permits need to land so looking forward for those.
Nap sorry that is nonsense
MUNNI MUNNI PROJECT - WESTERN AUSTRALIA
The Munni Munni Project is located 45 kilometres south of Karratha in the Pilbara region of Wesrern Australia. The Munni Munni Complex is a layered mafic and ultramafic intrusion measuring 25 kilometres in length and 10 kilometres in width.
Following exploration expenditure to date of more than $12 million, a substantial Platinum Group Metals (PGM) resource has been defined ar Munni Munni, predominantly within the Central Zone of the Ferguson Reef. Most of the recent expenditure, $8.5 million in total, was sole funded by Lonmin ple under a joint venture agreement announced in May 2001.
In March 2003, afrer completing alf its initial exploration and development expenditure commitments, Lonmin elected to withdraw from the joint venture and also advised Helix that ir would sell its 11.8% shareholding in the Company (see Corporate Review on Page 12).
This decision was reached after a detailed review of the Project concluded that, because of the high palladium component of the resource, it did not represent a viable development opportunity at current low palladium prices. With a defined grade of 2.9 g/t and high proportion of palladium relative to platinum, typical of Australian PGM projects, Munni Munni is reliant on a strong palladium price.
When the joint venture was formed in May 2001 the price of palladium, which is predominandy used in automobile caralyric converters, was $US600 an ounce and increased as high as US$1,100 an ounce as car manufacrured stockpiled farge amounts of the metal. Palladium prices have since fallen to around US$200
an ounce in 2003
Price of palladium today $ 1,085
Huge incentive to finally unlock Munni Munni now that it has been fully consolidated. 🙌
With gold and BTC at all time highs and Silver heading towards $30 losses made over the last 3 years could be easily recovered in just a few weeks trading.
We need that game changing RNS to finally get this thing popping again.
I think the probability of success is in our favour when taking into account the economics of EH ,we know they were producing and some of the biggest nuggets in australia were found there. Operations simply stopped as price of silver was lower than the cost of production.
I posted this a few weeks ago which thoroughly explains the story behind 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.
Im still in and haven’t sold a single share just had to take a break since the last placing as I couldn’t bare to watch UFO’s daily price movements especially being someone that first bought heavy in in october 2020 and have been averaging down to destruction ever since …boy if someone had told me about the Lassonde curve then that would have prevented me from being overly exposed to the point of no return.
How ever these are my feeling that have transpired
Over the past 3 years due to mismanagement and poor market conditions .
Having said this I still hold upmost conviction in our assets especially considering there all are in a tier one jurisdiction.
Why do I still hold ? You may ask well its quite simple if you cancel the noise
Hanvock has direct access to the great northern highway potentially unlocking surrounding deposits in the 100millions of tons ,also now with native contractors selected and native title awarded heritage the red tape is now finally behind us. Taking this into account it seems as if we were ready to rock and roll but untill now nothing has materialised ,perhaps as mentioned we may hope that something bigger is unfolding regarding our landlocked neighbours wanting in via JV ?
Regarding Rob who previously set up the munni JV with Lonmin is by far the most interesting one considering the hype around that particular area and how similiar the geology is.
Ive reposted this probably have a dozen times but it explains pretty well why the Munni Munni JV was dropped in the first place , will post above .
Yes sinterklasses some are more active in the telegram including myself im all ears
This will be a buyers market once placing shares are fully churned
Remember placing shares are still being flipped ,large investors are now probably looking in since were soo cheap and are now massively derisked.
Mining license incoming perfect timing to cash in on a rising iron ore price 📈
Yess amazing news !!
Also our last scoping study under Bill using $100/T still proved we are profitable if your remember
Happy Haddock yes perspective’s do change especially as it seems Iron after 3 years has its head and shoulders above water at the moment creating a descent floor price. For me what matters is that iron ore stays firmly above $120/T and we have a solid business ,as you say trying to predict where Iron will be next year is futile so lets concentrate on todays price because deals can be made now considering mining permits are imminent.
Iron is already edging closer to my predicted $140/T before year end which is quicker than expected .
The numbers are starting to look very good 🙌
Most see a little bit of profit and seem to forget the potential of UFO when mining permits land and start up capital is secured ,offtakes etc…. We will be ranked amongst the producers many multiples from here.