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surprise surprise, the nasty little ****** is back again i guess the followers on solg have had enough of his venomous diatribes ! the redesign of the treatment plant has basically cut the capex by $100m by deferring the last process ~ sulphate production. for the first few years they will only be able to produce a lower value carbonate; but if that's the price we have to pay to get the mine into production so be it.
Theo, for once I totally agree with you; Given your close association with the Messiah, you would know how these people operate, DJ was a master at it. Todays MEK action certainly looks like a blatant Pump & Dump in progress, especially after last weeks action when the Directors issued themselves a big chunk of shares.
Https://www.telegraph.co.uk/business/2023/08/06/china-electric-cars-invasion-britain-security-risks/
The 'Bloody Point" is that for two years your village idiot was telling everybody on the Pensana Forum that Longonjo would not be able to transport their concentrate to Saltend because it would contain too high a level of radiation. Total FUD ! We make the point not because we think RBW's concentrate will have any problems but rather to illustrate that the malicious idiot REALY does not know what he is talking about.
Dumbo ! you do like putting your foot in your mouth, don't you ?.
Your own words "The Uranium is about 1 in 14000 concentration in the MRES"; That equates to over 70ppm U !
Which is 350% higher than the average grade of Uranium at Pensana's at Longonjo. A number you spent over two years ranting and spreading FUD about on the Pensana Forum.
Dumbo; As we have told you repeatedly, what works in a lab does not necessarily mean it works in a commercial operation. 99% purity means nothing unless the 'Overall Recovery" ? is stated. Did the testing achieve steady state ? or were they stopping every half hour to was and de-clog the filters ?
Dumbo: The numbers I quoted come straight out of the respective companie's own reports, the costs quoted are all inclusive of OPEX/CAPEX. What I neglected to point out is that Longonjo's Reserves can support production at considerably higher grades than the Average grades I quoted, almost double in fact. While Makuuta will be hard pressed to find anything over 800ppm TREO, even if they managed to get a 30% increase in head grade they are still going to be behind the 8 ball. IMO at todays RE prices they would need at least a 250% increase in grades just to break even. That equates to around 1500ppm TREO ! Which incidentally would be the ball park break even grade for most Clay deposits operating in third world countries ! Now before you say it, the reason that the Chinese can mine clays at a much lower grade is that they don't care about 'Relocation of the Land owners' or 'Compensating anybody for the damage that they do to the Environment' ! .
Our apologies to Tony et al, but your Village Idiot is still polluting the Pensana forum with his drivel !
Did everybody here see yesterdays news that USA RE have now managed to find an Australian / Korean supplier for their Magnet manufacturing plant in Nth Carolina; making it even more unlikely that the USA will need to import RE concentrates from South Africa !
And before I get accused of misleading people: The below post is a solely comparison of the relative contained "In situ" values of each deposits recovered product. It does not consider or include the additional downstream Refining costs that are necessary to turn MREC/MREDS into the final products ie separated metals.
You are dredging the bottom of the Barrel with that one Dumbo. At todays RE prices hardly any of the Projects listed in that Stockhead promo would be able to operate at a profit. Yes Clays are cheaper to process but the only difference between Clay and Hard rock is the requirement to Crack the RE's, once that is done the leaching and recovery process is basically the same.
300 degrees Celsius is nothing compared to Cement Kilns which operate at around 1350 C !
What is of the utmost importance is the Grades of the Payable components that make up the 'ORE'; note I said 'ORE' which by definition has to be economically recoverable ie generate a PROFIT;
By the way, Longonjo is free dig for at least the top 20 metres , and it carries 'ORE' grades from the surface down so little difference to mining clay. LJ has average grades of Nd 3,000ppm Pr 900ppm Dy 90ppm and Tb 20ppm. Now compare that to Makuuta Nd 110ppm Pr 30ppm Dy 10ppm and Tb 2ppm ? which by the way has a much higher Strip ratio ! Just looking at these four Magnet metals alone shows that Longonjo has an "In situ" value of $311/t compared to Makuuta's "In situ" value of $14.63/t.
Now once you factor in :- dilution, depletion, recoveries cost etc: LJ &MK both recover about 33%, so $100 vs $5, then once you delete Operating costs, it then it becomes patently obvious that Longonjo with an ASIC of $23/t will be generating around $80/t mined PROFIT while Makuuta with a declared ASIC of $12.40/t will be LOOSING at least $7-8/t mined.
The so called analyst who wrote that Stockhead article clearly does not understand mining economics; A bigger problem is that idiots like you read that 'promotional' garbage and make false / ill-informed judgments.
Hi Tony,
The Theologist's obsession with PA goes back a long way. To when Newmont did their acquisition of his Messiah's Normandy. That was when Paul and his mates managed to hive off Leyshon Resources from that deal and the Messiah lost out big time, hence the bad blood. The Messiah is now trying to corner the US RE market but he got conned on his first "Acquisition" and ended up buying a dog of a project with bugger all NdPr in it ! to add insult to injury the Messiah also acquired a Magnet manufacturing facility, not a smart move if you don't have any feed !
So for the last three years or so, the Messiah's mob have been trying their damnest to steal Longonjo from Pensana, hence the relentless anti PA diatribe. a classic FUD attack aimed at destroying Pensana's chances of getting LJ into development, so that they could then gain control of it without having to pay a fair price. Little wonder JC kicked the Shysters out of the Temple ! This pack of Parasites who have no respect for ownership by others and a total disregard for the rights of the rest of Humanity ! Everything they do, they self-justify by their Chabad fanaticism, and their belief that they are God's chosen.
Many thanks valuation; I learn something new every day ~ Looking at the specs of their smallest module the SOAR 800 I still think it will be a while before we see Fuel Cells small enough to replace Li batteries for domestic use, but as you say it may not be that far away.
Sometime in the future when they have worked out a safe way to store it; if you think Lithium batteries are dangerous imagine what 100 litres of H2 would be like in a tail ender. Also a bit hard to run power tools etc with a hydrogen tank / fuel cell !
Hydrogen certainly has its place but is probably limited to Commercial transport for a while.
Theologist, you are getting as bad as the Village Idiot, shooting yourself in the foot. For two years you have been saying that Pensana / Longonjo is a dog and is not worth investing in. Yet you and your Messiah are trying your hardest to gain control of it ! Question: If you believe that LJ is worthless; Why are you persisting in trying to take it off Pensana's hands ? especially when you yourself claim to have no financial interest here (clearly a lie).
Stop kidding yourself, we all know that Longjono is one of the only three new RE deposits capable of making any significant dent in the Free World demand. Your tactics in trying to acquire it are no better than those of a common thief. Your Tasmanian Golf sponsor is a very well know Shyster always bludging of others efforts and never doing the hard yards himself; no wonder Anglo/DeBeers and Holmes a Court all told him to go and get stuffed !
Back again Theologist, Where have you been these last two weeks, stirring up trouble on a West Bank Kibbutz with your Chabad mates ? I would have thought that your Rabbi/Messiah had had enough of being outed ! What's gone wrong have his plans to run the USA refinery on RBW concentrate run into problems, is it that their product too dirty for your CIX process or is Mike worried about an embargo on SA products ?
Sorry Nick, Fulmar et al; but your resident Village idiot has been Trolling on Pensana again;
Has anybody heard how the Pilot plant is performing ? remembering it is not so much a question of how many tonnes of Concentrate it produces but rather how long it takes to produce ~ and what are the toxic contents, Pd, U, Th. If Management are honest they should publish the Metallurgical test log. FYI I do not have a TBI, yet another Dumbo lie.
Hi Lewis, Am I telling lies here ?, NO that would be unethical and also possibly leave me open to litigation; what I do here is raise some of the issues that any responsible investor should be looking into if/when they do their own due diligence on a project. Dumbo on the other hand fails to do any Research other than repeat what George tells him, or repeats FUD (lies) put out by others. In all the time that he has been posting on Pensana and Rainbow I don't think he has ever come up with a proven fact of his own ?
Hi Nick, I don't know how many times we have said this, but the only reason we are here is that your Dumbo continues to post Lies on Pensana, once he stops so will we, he started it we are just responding.
The Theologist's boss's are the ones selling ALK & PRE down, their Messiah is well known for it. He also has a personal gripe with our Chairman going way back to the Normandy / Leyshon restructure.