Member Info for Blue1234

https://www.australianmining.com.au/news/nrw-wins-123m-roper-bar-contract/

Seeing as we are invested, no idea if it’s been posted, but looks like NNR are well underway with stage 1!

Iron ore is looking to be staying high, with China’s uptake of more Iron Ore coming out of Australia, while recovering from the economic shock of Covid!

RosyLee

2.7 million tonnes
Global mine production of nickel in 2019 was estimated at 2.7 million tonnes by the U.S. Geological Survey. Indonesia was the largest producer at 800,000 tonnes or 29.8% of global mined production.22 Feb 2021

Not to mention, there’s 40 mining companies all competing!

I don’t think it’s either or!

My apologies, I did read that Decar supposedly has switched to EV, with the use of solvents! I hope there’s no locals to kick up a fuss, like they did at Goro! Because one things locals hate is pollution of rivers and water sources!

RosyLee

https://fpxnickel.com/projects-overview/

I have shared you a link of your favourite ‘Nickel-iron’ mine!

As clearly stated in the link, it’s grade is so low it’s being advertised as naturally occurring stainless steel! Nowhere does it state it’s grade is good enough for EV battery use!

But anyway! I refreshed my mind on Amurs PFS, which is calculated at $8 lb! Today’s price! When it’s expected to rise in the coming years, due to the ban on petrol and diesel cars!

Anyway, it shows 2 mining options.

1) TS costing 614.5m paid back over 3 years, and a profit over the 15 year life time mine of 2041m
2) FFS costing 987.4m paid back over 3 years and profit of 2980m

So I worked out the profit per share! If it stayed as today, that would be £15-£21 per share over 15 years from production.

Now we can only work with what we are told! I must admit, personally I haven’t been over to KM to do my own studies! They could be filling us with bs, or they could have calculated it right! Who knows, this is high risk investing!

So anyway, none of us will see anywhere near £15-21 a share! In the slightest! This will likely progress, to be sold to a giant company, for around 20-40p who will then keep the rest..... This is how the world works, and is why there’s a big gap between the very rich and the very poor!

By all means, buy in to Decar, but you’re comparing chalk with cheese!

No one can kick themselves more than me! I was looking at Eurasia Mining when it was 0.40p, within a year it topped 36p. But, I stupidly sidetracked investments for life! I would be a multimillionaire now!

But anyway enough booooo’s, I’ve moved on, to Amur.

But jeez, out of all the mines I keep my eyes on, this has to be the weirdest of all! No other mine on the market gets such negativity from its investors!

You clearly don’t look past AMC! No, you probably do, but don’t admit it!

If I had a quid for every time a mine in its early production of licensing and feasibility studies were running behind, I wouldn’t have to use the stock market!

I take it you’re on this board because you are in fact invested, no? If you believe it’s economically unviable, why haven’t you sold out?

RosyLee

I just did some more research!

Amur minerals is 36km square! Has 1.58m/t
Decar is 245km square! Has 2.4m/t

So Amur is economically unviable and Decar ain’t? Hmm... I smell something.

Decar is 6 times the size! That’s a lot of digging for low grade nickel at a significant cost! As stated previously, it is a 3 step processing!

But honestly, don’t let facts stand in the way of a good deramp!

RosyLee.

Thanks for the long winded reply and ‘in your opinion’, I did just look up Decar! Seems very interesting! It has a very large amount of Nickel, at a very low grade! Its early posts said it was more suited to stainless steel production! It is a nickel-iron deposit! It needs a 3 step processing.

I like your calculations that somehow Amur isn’t economical? One thing you missed out in your calculations is the price of Nickel! You kinda slipped in $10/t, and said processing would be $17/t? Would you like to elaborate seeing as Nickel atm is $16KG!

Thank you for the insight!

It’s Once Upon A Mine.

A true story about the way the world used to work! Run on oil, gas & coal... and the great switch to zero emissions! Electric buses, taxes, cars and pushbikes!

Not to mention the extensive need to update people’s gas cookers, gas central heating and such like........

Mikewozere

EUA fell from 40p to 0.42 over 20 years, then topped 40p, now stands at 24.49.

Solg fell from 40 to 1.95 topping 43p to level at 22.45p 10 years later.

I like it how you people believe the share price today is actually the share price it is going to be tomorrow! Yes we get excited when it breaks out of a negative downturn, brought on by negative posts, such as yourselves! I’m glad the market never listened, and reactive positively, to a positive RNS!

There was definitely some aggressive buying! I seen the 1.75, but it was blink and you missed it! Definitely moving in a more positive way!.. This is now breaking out of its negativity! There’s big things coming for us here!

Glad to see the negativity did nothing! Onwards and upwards!

BlackRhino, haven’t you not gone extinct yet?

A bit sexist to say the least, assuming I’m a boy?

You can out-do me in what? Moaning, manic depression, boredom? No doubt! Something we finally agree on!

Doing just fine in what? Being invested in a business you have absolutely no faith in? It would definitely appear! You clearly no nothing about mining, if you think a site can be found, explored, licensed and mined within a week! I actually don’t believe you are invested.. Because it goes well against sanity, to be invested to constantly talk it down, by pretending to be ‘keeping it real’. Keeping it real for who exactly, those invested, or those looking to invest or yourself? Why don’t you just sell out? I doubt many on here would miss your negativity!

Because HMZ isn’t held back by bitter long term holders who are continually biting their nose of to spite their own face!

Absolute idiots, who need to look past AMC, to companies like SolG who although have millions in the bank, been in operation for the same amount of time, is currently at 20p a share, and can’t even get a PRE-FS!

I invested here because I genuinely saw promise! I did my research, calculated my risk... But one thing I didn’t look into, is what sort of investors it attracts! It would appear the stupid kind! Had I have known, I probably wouldn’t have invested!

I’ve seen your recent reply! Which I find hilarious!

The reason I don’t frequent this board is because I have more sense than money, and far to little time on my hands!

I actually ain’t a long term holder! I’m in under 2p, but that doesn’t change the fact, that every time an RNS is released, no matter how positive it is, a negative spin is put on it, by people who either have way more money than sense, or to much time on their hands.

You’ve already agreed that the RNS was in fact positive, which actually backed up my point! Now you’re trying to slate me, personally, because you couldn’t slate my point!

Anyway it has been really nice talking to you but I must get back to my life, and get off this board!

And again we see negative on a positive post.....

So, which is it, more money than sense or way to much time on your hands?

Yes, I am optimistic hence why I did my research and chose Amur over say Solg, which as it stands, is 23p with no PFS, and looking to be economically unviable.

I’m not optimistic, in that I don’t know this is a risk.. I do, thank you very much.. And I’be edged the risk quite well, in that I’ve not invested more than I’m willing to lose!

But let’s be certain here, if you find negative in everything this company does, I ask, are you even invested?

But as stated, the RNS is a positive, it clearly states the fat lady has not yet sung, and everything this company is trying to achieve is currently on track, with a delay, expected, due to this thing called a global pandemic!

You talk about facts? What facts are that? It’s an exploration company, that is slowly attaining all correct licences, as stated by this positive recent RNS!

I mean, there’s a global stay at home order, travel has been banned, the world is focussing on the biggest, fastest vaccine roll out in the history of the world, and people are upset there’s a delay here?

If there’s no news it’s sell out time, news, it’s sell out time! I think there’s a lot of people on here just trying to get this as cheap as possible.

The extension is extended? Great! Rather have it at some point than never!

It’s really weird this thread, because it would appear most people have just bought in in order to spend all day talking it and it’s BOD down! Some people clearly have more money than sense, or way too much time on their hands!

You say 600K would just about cover expenses? Well covering expenses is better than going bust. I suppose we could’ve raised 6 million then left it in an ISA and got a return of 1% instead? 600K is not to be sniffed at. But I’m sure I read somewhere about taking on debt for the BFS, and this was to help, which I’m sure 600K will. As Tesco’s say every little helps.

Diluted into oblivion? How do you work that out? Do you want NRR to take our money and sit on their hands, and hope it equates to profit? As they’ve clearly stated, they want to take advantage of the high Iron Ore price and demand from China, that is happening now, makes perfect business sense.

I did mean our 14% wouldn’t be affected*

You’re worried because the company went bankrupt previously, I’m pretty sure I read that was because Iron Ore fell, massively, which now it’s the highest it’s ever been, which the company are looking to take advantage of, which I’ve pointed out and will point out again, is good business sense!

As you’ve stated, the BFS is in 2021, our LOAN isn’t convertible until 2023, so what you’re worried about then for? As stated, the company has made the right choice by focusing on KM and it’s TEO and BFS, as that’s really what we are all here for.

Yes, I’m fully aware that NRR isn’t publicly trading, but privately! Not many millionaires make bad business dedications.

I don’t understand all the negativity, because of something irrelevant to us. The company has done the right thing by focusing on KM! That is all we are here for.

The investment into NRR was to further our funding for the BFS for KM, to prevent further dilution here. Our loan is convertible, but not necessarily something we will take. Our return, the 14% will not be effective. We haven’t lost any money in NRR, our 4.67 mil, is worth less in shares today, than it was a few months back, because NRR is worth more today than it was then! The fact it can raise equity fast, and in large amounts, literally tells you what we need to know, that our LOAN is safe! After all it is a loan that may or may not be converted! Surely we are all here for KM not NRR or we’d have all been invested there.

Onto the TEO now, and BFS, that should be our focus, and that is what the company is focusing on!

People’s calculations are so far off the mark, it’s scary!

If a business was only worth its investment, no one would invest.

A business that can raise 10 million overnight must be good.

Personally, I would rather own 1% in Amazon than 50% in one of my local market stalls.

I can’t believe people see a negative here. The fact that NRR is getting on with the job means our investment will pay off faster

M/cap, might show that our investment is lower, but the M/cap is certainly not what NRR is worth, nor indicative of future returns and profitability!