Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ive got no problems with it keep it up islandman. Was there not a poet who used to drop in once a while can’t remember the name now
"Remember discussion boards are just a front,the reality could be totally different"
wents that is true that's why I take everything with a pinch of salt.... however, I'm on Twitter you are free to verify me if anyone is interested. As far as I'm concerned very few on this board can be verified and I know how they are.
Unfortunately luck hasnt really been on my side after buying from 1.6…but this share has definitely taught me some patience nevertheless im holding with absolute conviction although at times I did have my reaetvations.
2023 should be transformational for alien going from exploration to production so I dont mind waiting a few more months which is nothing as in the grand scheme of things we have 8 years of production which could be extended to over 30 years.
First bought in at 22 holding just over 3 million of these…
5x5 much respect, I'm from a generation where we spend most hours of the day glued to our phones!
5x5 it means conversations lol
Canada Nickel Company (TSXV: CNC; OTC: DNIKF) is getting a $24-million boost from Anglo American (LSE: AAL), which intends to acquire a 9.9% minority interest in Canada Nickel. Canada Nickel’s flagship, 100%-owned project is the Crawford nickel-cobalt mine development in the Timmins mining camp in northern Ontario.
Anglo is paying $1.95 per common share of Canada Nickel, a 10% premium to the 30-day volume weighted average price.
Anglo will provide technology expertise to the Crawford project and has exclusive right to purchase up to 10% of the nickel concentrate, iron and chromium in the magnetite concentrates, and any corresponding carbon credits from the project.
Canada Nickel has also agreed to enter into a material transfer and technology testing agreement to assess opportunities to add value to Crawford from Anglo’s FutureSmart Mining technology program.
The Crawford project includes one of the largest undeveloped, bulk tonnage nickel sulphide resources in the world. Last summer, Canada Nickel announced the resource had been doubled with measured and indicated resources totalling 1.4 billion tonnes grading 0.24% nickel and 6.59% iron for 3.48 million tonnes of contained nickel and 93.9 million tonnes of iron. Inferred resources are 670.1 million tonnes grading 0.23% nickel and 6.85% iron for 1.55 million tonnes of nickel and 45.9 million tonnes of iron.
The open pit mine and mill will have a 25-year life after a preproduction capex of US$1.2 billion. At peak production in phase 3, the project will produce 42,000 tonnes of nickel per year. The economics are robust, with the after-tax net present value (8% discount) of US$1.2 billion and an after-tax internal rate of return of 16%. The project is expected to generate an average free cash flow of US$274 million.
Canada Nickel is applying for federal and provincial permits. With success likely, early stages of construction are underway. Impact benefit agreements have been signed with the Taykwa Tagamou Nation and the Mattagami First Nation.
https://www.canadianminingjournal.com/news/anglo-american-to-take-up-9-9-of-canada-nickel-for-24-million/
"2.7p is not fair value at the moment because the market says it isn't."
That is just a silly statement to make, is the fundamental of investing not to buy a share of an undervalued company and hope to be rewarded by share price growth or dividends as the market catches on ?
The fact of the matter is that the market wants concrete evidence that we can monetise of these resources no matter how big they are which will only happen once we surpass these legal procedures and finally secure the offtake agreement with AA.
After this it will only be a matter of time until we achieve the perceived value of 2.7p.....
I have a similar stance to Normbeef whose post I enjoy immensely that a £200-£300 Million Mcap is very achievable and it will be only then that I start to consider selling a portion of my holding.
Taken from a Don Durrett post Today
We had action this week after the Fed raised rates to 4.75%. The stock market (S&P 500) rose to nearly 4200 and then backed off a bit. That rally was mostly from expectations that the Fed is almost done raising rates and inflation is falling. In fact, Powell used the word disinflation 12 times during his speech Wednesday. He basically pivoted away from his Klubber Lane narrative to expect pain. Wall St is now even more bullish of a soft landing. This is why gold and silver got pounded today. Why do investors need to hedge with gold if a recovery is coming? They think this is 2013 all over again, and to sell your gold and buy stonks.
Unfortunately, I have to lower my targets. I now expect gold to trade between $1720 and $1750, and silver between $19 and $20. With the HUI's target of 200 to 210. Hopefully, I will get a chance to raise my targets before the selling begins on Wall St. My take is that we have about 4-6 more weeks of positive sentiment for a soft landing. Once we get to mid-March, I think there will be enough bad news in the economy to suggest a soft landing is not happening. In fact, when the Fed makes its final raise to 5% on March 22nd, many are going to be praying that he doesn't raise
rates due to the economy slowing. At that time, there will be many saving that Powell is making a mistake and is going to break something.
The warm reception that Powell received for this week's rate hike (with stocks rising this week) will not happen on March 22. Instead, there will be selling as the markets brace for a recession and economic slowing in Q2. My take remains that the S&P 500 will trade down somewhere between 3000 and 3300 by June 1st. I expect gold and silver to begin to trend higher once this low is put in place.
Yeah Cj i guess thats a bonus as Iron ore is set on the Asian market and not US.
The difference is that the Iron price is mostly affected by physical demand whereas Gold and silver price not so much the price is determined by futures markets.
The plunge came after the U.S. Labor Department reported an NFP, or non-farm payrolls, growth for January that was almost three times above forecast, throwing a fresh challenge to the Federal Reserve's hopes of seeing a cooling of the labor market and wages to get inflation to its target. Some 517,000 jobs were added last month versus a forecast of 185,000 and against December's revised 260,000.
"The monstrous NFP numbers have wreaked havoc on gold bulls already facing heat over the past two days from the Fed's outlook on the economy," Sunil Kumar Dixit, chief technical strategist at SKCharting.com, said noting the spot price's $85 tumble from highs of almost $1,960 over 48 hours. Comex futures had climbed to above $1,975 before the rout.
Dixit predicted further losses as both the Dollar Index and yields on the U.S. 10-year Treasury note surge on the back of the newfound strength in the labor market, which could make the Fed rethink further consolidating its rate hikes for this year. The central bank went from a 50-basis point rate hike in December to 25-basis points in February.
"Gold bears now are confident of taking control of the market and will try to push deeper into $1,866-$1,862 as their next station," said Dixit. "On the flip side, any bounce towards $1,900-$1,920 will be relief for some of longs."
While policymakers the world over typically celebrate seeing good jobs numbers, the Fed is in a different predicament. The central bank wishes to see an easing of conditions that are a little "too good" now for the economy's own good — in this case, unemployment at more than 50-year lows and average monthly wages that have grown without stop since March 2021.
Such job security and earnings have cushioned many Americans from the worst price pressures since the 1980s and encouraged them to continue spending, further feeding inflation.
https://www.investing.com/news/commodities-news/gold-distances-itself-from-2000-target-after-blockbuster-us-jobs-report-2995148
All base metals seem to be falling today except Iron ore
Tymers where there is money involved there is no trust, what I do trust is evidence, its understandable that communication is slow and timelines have slipped a bit leading to slight a disappointment not with the BOD but with the legal structure and its lack of urgency??
Well Rod has inspired a lot of confidence going forward after investing over £500k and the share incentive plan awards which give a very good incentive fast track us towards production,I see no the logical reason for them to push this back any further IMO which is why I belive when the deal is signed and the 5 million is sorted Alien will get the green light and go full steam ahead.
Pepe you're right What Vast is making is absolute peanuts in comparison with Alien's projected Annual EBITDA of over US$62M....
This will rerate massively once the offtake is signed and permits granted just a matter of time I guess.
Sellers have dried up i suppose , should fly with a little volume.
It's understandable that not everyone can fathom the potential of Han**** given the poor general market sentiment for Juniors for the 18 months but we can't deny that considerable progress has been made such streamlining our portfolio,the 90% and offcourse getting skilled and experienced people on board inorder to fast track us towards production.
It's quite mind-boggling that we have already 10.4mt and only 20% explored (not including the surrounding additional tenements recently acquired) which will prob make it less than 10% explored. A High grade low strip ratio of 1.1 requiring no processing... very little setup costs and very profitable.
Bradley Toms our new exploration manager has most likely planned his follow drill targets and is already anticipating good results from our updated MRE which should land at any time soon. The BOD clearly know more than we do which is why they have treated themselves to a massive amount of shares in anticipation of all of this especially as there is a massive incentive seeing how strong demand for high-grade DSO is going into 2023.
The rest in regards to heritage clearance is out of our hands as is the backlogs at the labs so there isnt much else to do other than wait.
I guess your right uncle in that approach however I remember many investors become desgruntled over the length of time taken to acquire the 90% but after all it has gone through… Lets see what happens
he Heritage Agreement has been lodged with the Karlka Nyiyaparli Aboriginal Corporation (KNAC), the Native Title representative group for the Nyiyaparli People. The Company is progressing for heritage survey works to be completed in the next quarter.
Taken from RNS last June
So should be any moment now as the 90% aggrerment gas been finalised and the BOD is now well invested in anticipation of Heritage clearance and mining approvals inorder to get the deal with AA over the line.
https://twitter.com/anthony35106157/status/1616599574709432320?s=46&t=_hKTLWB-Vp_YHsaGr9MKNA
https://twitter.com/anthony35106157/status/1616599574709432320?s=46&t=_hKTLWB-Vp_YHsaGr9MKNA