Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Vanadium gone up over 80% in last year. https://www.metalbulletin.com/Article/3793332/GLOBAL-VANADIUM-WRAP-European-US-prices-surge-amid-significant-supply-concerns-outpacing-Chinese.html
Lepidolite Target 4 holes have been drilled at Lepidolite Target 44,70m Total of m drilled 23,01 m of lepidolite pegmatite intersection 100 % ore body intersection 200 cut samples (A1-A200) dispatched to ALS laboratory Data from ALS expected in Q1 DRILLING �INFILL DRILLING White City - 4 diamond drill hole Homestead - 5 diamond drillholes Lepidolite - 6 diamond drillholes Snake - 2 diamond drillholes Signalberg -3 diamond drill holes CORE PROCESSING & ASSAY RESULTS Interpretation of assay results & announced estimated Q1 2018 See March 2018 Presentation https://kazeraglobal.com/investor-relations/reports-presentations/
Chaser, that means we are sitting on $19.6 billion of vanadium, plus HPI and $27 billion of HPI (@ $1000 per tonne) plus whatever the titanium **** is worth. First full production year with 7.5kw smelter should yield around $21 million for HPI and $6 million for Vanadium plus Titanium . So I'm guessing around $30 million rev. Once that is proved I think one of the big boys will mop this up and take it to full production (maybe for a couple of hundred million or 40p per share and that's not much when looking at the value of the resources we own). I also think we are closer to production than we think as I have heard the BOD are very positive on the basis that last few hurdles should now be a formality. Watch out for updates over the next month........
As an "existing shareholder" (Peter Cox in the RNS said: "I am delighted with the continued support the Company has received from our shareholders") if you thought there was no hope? Obviously some shareholders who I believe will be in the know, believe this has a future!
Donald Trump Urged to Nationalize America’s Only Rare Earth Mine: Interesting Article: http://www.breitbart.com/economics/2017/08/30/exclusive-donald-trump-urged-to-nationalize-americas-only-rare-earth-mine/
Prices for Vanadium has now reached $32000 per Tonne x 190 Tonnes = $6,080,000 Prices for HPI has now reached $1,350 per Tonne x 21000 = $28,350,000 4134 tonnes of Titanium **** TIO2 = $800 = $3,307,000 (est can anyone update actual??) Total est Rev per based on company production forecast from 2018 per annum = $37,737,200 Current market cap $12,493,000 Bargain????
The team has successfully identified the revenue generating potential of the induction furnaces and I look forward to the commencement of operations next month. "I anticipate that we will shortly be announcing the closing of the funding arrangements, which would enable us to proceed with the acquisition of the Middelburg Smelting facility. Immediately following the acquisition, refurbishment work will commence enabling us to begin the smelting of our own magnetite ore and produce our high value HPI, Titanium and Vanadium **** products early next year."
RNS Number : 8217L Ironveld PLC 24 July 2017 24 July 2017 Ironveld plc ("Ironveld" or the "Company") Company Update Ironveld plc, the owner of a High Purity Iron ("HPI"), Vanadium and Titanium project located on the Northern Limb of the Bushveld Complex in Limpopo Province, South Africa (the "Project"), is pleased to announce material progress with regards to the acquisition of a smelting business ("Middelburg Smelting"), commencement of operations, funding and mining progress. Highlights: · The Company is confident of closing the funding arrangements necessary for the potential acquisition of the Middelburg Smelting facility. Once this is complete, the Company will undertake the refurbishment necessary to process its magnetite ore to produce HPI, Vanadium and titanium ****. · In the interim period, Ironveld, through its wholly owned subsidiary ("Ironveld Middelburg"), has taken management and operational control of the Middelburg Smelting business. · Ironveld Middelburg has sourced material that could be melted in the induction furnaces at the Middelburg Smelting facility and is expecting to be cash flow positive in August. · The Sylvania loan facility has been repaid. · The Section 11 application to transfer the Pan Palladium mining right to Lapon, a 74% owned subsidiary of Ironveld Mining, has been submitted by Pan Palladium and is being processed by the Department of Mineral Resources. Middelburg Smelting business The Company has put down R8.8m (c.£530k) as a refundable deposit towards the potential acquisition of the Middelburg Smelting facility (the "Potential Acquisition") in exchange for a period of exclusivity to conclude the Potential Acquisition and in the interim, to take over the management and operation of the facility. The Company has identified the potential of using the induction furnaces to melt various materials for sale and has already located various copper, cobalt and iron materials that are suitable for induction smelting and is negotiating commercial arrangements which will allow for profitable processing of these materials. Operations are expected to commence in August 2017, with profits being generated on the first sale of material. The Company is close to finalising the terms of the Potential Acquisition and the Board expects to announce shortly the funding arrangements for the purchase of the facility and the investment in the necessary upgrades and refurbishment to allow for the processing of the Company's own magnetite ore through the 7.5 MW smelter. Sylvania Loan Facility The Company is also pleased to announce that it has repaid the R15 million loan facility with Sylvania Metals Pty Limited (the "Loan Facility"). Peter Cox, CEO of Ironveld, said: "We continue to make significant progress in moving towards production
Gets us into production faster and very small dilution. When the 16Kw smelter is also up and running, hopefully late 2018, we will be producing 63,000 tonnes of HPI at $1000 per tonne = $63million + 571 Tonnes of Vanadium at $24,000 per tonne = $13.7million + 12403 Tonnes of Titanium at $800 per tonne = $9.9million. That's a total of $86.6 million revenue in the first full production year which will probably be 2019. Looking very positive imho.
As I stated on a previous post a fellow investor said he had spoken to Peter Cox who was very positive and expected it to go through in a few weeks. The RNS said early Q2 so it appears to be in line with his conversation.