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We need 4 reports from the Board: Confirmation that financing has been agreed Confirmation that the first smelter is ordered Confirmation that Land Lease is approved Confirmation of take off agreement for HPI is signed

Agree.... step by step all dropping into place. I strongly believe based on the Board's published forecast we will see 20p by the end of 2016 and 30 to 40p by the end of 2017.

Agree this was always a slow burn. The announcement regarding the offtake is grest news and the fact that our BoD are very bullish on the project is very encouraging. Expext a series of game changing announcements over the next month or two. .. ...

as positive announcements imminent regarding funding, offtake agreements, smelter order and land lease sign off should give this a massive boost!

I know there has been a delay here probably due to the final sign off of the land lease and funding (our board know the value here and won't let investors in on the cheap), but I am sure all is now in place for a June "take off". In the meantime I will continue accumulating as the company forecasts strongly indicate that this share will be 30p + by the end of 2017.

Shares still available at 5.5p so assume they are still reducing their holding here. Could well just be tatical for their portfolio.

Market cap £18.2 million. First full year BOD profit forecast £19 million! Anyone think this company is inder valued??

Agreed this should be much higher now. MM's definitely playing this share imo.

Giles Clarke knows that this is only the tip of the ice berg as when in full production (one million tonnes per annum) this company could well be producing $500,000,000 per annum profit. "Clarke is a no nonsense fellow with a resolute focus on the bottom line. Based on current prices of high purity iron, vanadium and titanium, he expects Ironveld to achieve sales of $36 million and profits of $18 million next year, rising to $49 million and $27 million respectively in 2018. (His targets are in dollars, as metals are traded in the US currency.)"

Yes we are definitely due updates on funding, off take agreements and smelter order progress. I believe these are imminent and will hopefully be very positive.

Agreed but always small details crop up to delay these things.

Steven this is not an iron ore project. It's a HPI project which is a very specialist material trading at 20 times the price of iron ore. Also we will have substantial revenues from vanadium and titanium. If Peter Cox is confident finance and off take agreements sre imminent so am I. Think those who have been patient will be well rewarded. Check out the last company prentation on its website!

Yes you're right Steven, but by all accounts HPI has its own bubble and isn't hugely affected by the general mining market. We need the finance and off take agreements to be confirmed and then we will know that we have an extremely viable business here.

Peter Cox looks very positive. He's worked for three and a half years to get all the mining rights in place and plan the roll out of this project. As soon as the finance is finalised which I believe is immanent we will have all the pieces in place for this Company to deliver $23,000,000 per annum profit. I believe the Company will then be valued at 8 to 10 times it's current valuation and be prime for takeover because of its enormous future potential.

Thanks Annie I'm sure Giles and co enjoyed that.

A placing is a certainty in my opinion as it always was part of the plan. The question is at what level. The last placing was at a premium and I expect this one to be as well. I trust the Board to negotiate the best terms for us and them as large shareholders.

Well said biggiesmalls. Ironveld is actually an unfortunate name for the Company don't you think? Perhaps it should renamed..................

I believe that the funding is already in place, subject to the last i's being dotted and t's being crossed. Expect this project to truly take off early 2016, after a frustrating few months delay. As Giles stated production is due to commence in the latter stages of 2016 and from that point on we will be cash positive, producing circa $2,000,000 a month profit. With the huge potential here, expect a lot of outside interest in the Company once production commences.

Good to see the value of this project start to be realised. With HPI at $900 a tonne, Vanadium $15.000 per tonne and Titanium $275 per tonne and with our Board reporting strong demand for all, the project's robust financials and profitability are clear for all to see. Even in this difficult commodity market the Company are forecasting $22,700,000 per annum profit, from its first smelter mini smelter, in its first full year of production in 2017. Based on the forecast financials in their August presentation ( http://ironveld.com/presentationAug2015.php ) when in full production of 1 million tonnes per annum (the company stated target), I calculate the company will turnover circa $904 Million and make a profit of around $389 Million per annum, based on the same cost ratio and they should in reality be much better. Therefore, once the finance and off take agreements are finalised and the company appear very confident that both are immanent, I believe the share price will rapidly escalate. Additionally, with such remarkable potential I would be very surprised if this Company is not a target for takeover, particularly when they commence production.

All looks to be on track for production in 2016: Offtake negotiations with potential partners for all three products remain ongoing and we are encouraged by the high levels of interest. Market demand for our products remains robust, particularly given its multiple industrial uses. We are confident that our projected annual output of 42,000 tonnes of HPI, 415 tonnes of vanadium in **** grading 36% V and 8,269 tonnes of titanium in **** grading 65% TiO2 per annum will fill an important gap in the market. We are currently fully engaged with debt providers and upon financial close will immediately commence construction of the 15MW Smelter. Planning is at an advanced stage on the ground with draft construction contracts in circulation and requests for quotes for mining operations. Contracts are currently the subject of due diligence by the senior debt providers and will be concluded upon completion of the due diligence.