Member Info for Dave85

Liked the recent rns and continuing progress towards aspects of higher capacity.

Remember indications from MH (on crux) that profitability could be this year trading update since has tempered my expectations but profitability is far from an obvious write off imv. As we just coming into the buying season seems a good chance to add in ahead of finding out if they actually make it.

Recently become aware of how sugar price has often historically followed silver price (upturns). Maybe some kind of future filter down benefit to hmi, they were expecting to move into sugar market.

Very happy to continue adding slowly sub 2p and will likely accelerate towards 1p, if it happens. Been holding from ~11.5p (as posted 12/10/17) but greatly increased recently with av now sub 3p with just under 300k shares.

I'm hoping for the sales to form an S-curve following decent reports and experiences by relatively few early adaptors, repeat orders and word of mouth combined with sales team effort. S-curve type adoptions start small and slow but once they get going really take off. Things now seem to be in place to allow such a take off without early bottlenecking.

Not many things trading much below march/covid (1st wave) lows. With full mining permit now for 400kt/a and the reduction (>50%) in production cost on reaching 100kt/a (as and when). The future seems (likely by this time next year) very bright for hmi.

Watched again and reviewed developments since before deciding to add....

https://youtu.be/Rk75l35K-Wk

AIMO ATB

https://twitter.com/iron_northwest/status/1181849303553175552

Sounds very positive to me, been a bit of a rollercoaster of a hold over the last 12 months or so.

AIMO ATB

Makes sense and great news on exclusivity deal they also got - Cozamin polymetallic mine in Zacatecas state, Mexico.

Add more, strange pullback all things considered, imo.

ATB

Noticed someone on the telegram instigated the coverage, cheers for that!

https://youtu.be/W6QzYtnPhKE

From 36.30

If nothing else maybe more people heard of lnd since last week?

Personally have very high hopes here

ATB

....supported sp increase on the asx.

Been enjoying watching recent goings on around thr, lots of positives both micro and macro.

AIMO GLA

My understanding, after reading todays posts and based purely on the posted/linked info (all in usd) ....

From - https://www.lse.co.uk/rns/BMN/q2-2020-and-h1-2020-operational-update-xawyo9hupz4t6vk.html

"H1 2020 production cash cost (C1) of US$17.20/kgV, an 11 per cent decrease relative to H1 2019 (H1 2019: US$19.30/kgV), supported by a weaker ZAR:USD rate1."

So 17200/mtV figure has been taken from this section of the link.

Note this is a C1 cost.

From - http://www.ferro-alloy.com/upload/static/presentations-other/en/FAR_QA_with_CEO_ENG.pdf

The FAR figure of 17000 which equates to 30357/mtV, is a capital cost per annual tonne of production.

Note this is not the same as a C1 cost.

The two figures ('costs') are not the same thing and, imo, should not be compared as like for like (not saying they have been).

Very short of time (to find better links) but a quick scan of these two links could provide some insight into the difference (the only relevance of the next two links is to (hopefully) show there is a difference in the two 'costs').

The 'miningassociates' pdf avaliable after following this ...

https://www.google.com/search?q=c1+costs+explained&oq=c1&aqs=chrome.0.69i59l2j69i57j0l2.2565j0j4&client=ms-android-samsung-gs-rev1&sourceid=chrome-mobile&ie=UTF-8

And

https://wteinternational.com/cost-of-incineration-plant/

Nearest thing to a C1 cost at Balasausqandiq in FAR presentation is 1.48/lb (assuming that refers to V2O5 (since quoted in /lb basis)) that would equate to 5823/mtV

1.48 x 2204 = 3261 (lb to tonne)
3261/0.56 = 5823 (V2O5 to V)

The presentation suggests 'best' VTM forecast 'C1' of 3.77/lb that equates to 14837/mtV

Balasausqandiq's C1 as a fraction of 'best' VTM being

14837/5823 = ~2.55

So about 2/5 (two fifths) the cost.

The 17200/mtV quoted for Vametco equates to 'C1' of 4.37/lb

17200 x 0.56 = 9632 (V to V2O5) (the V however, upon production, was contained within Nitrovan and ferrovanadium)

9632/2204 = 4.37 (tonnes to lbs)

Balasausqandiq's C1 as a fraction of H1 2020 at Vametco being

17200/5823 = ~2.95 or roughly a third the cost.

Not interested in a to and fro but specific corrections very welcome and appreciated.

I'm no expert, do appreciate the extensive base knowledge of others and could easily have made a mistake above.

My thoughts posted 18/08/20 have been bolstered by developments since.

Tenge down vs usd since above interview too.

AIMO ATB

....and like the positioning of bzt as a company, so decided to average down slightly today and topped up to just over 7.7m

AIMO ATB

Maybe and thanks for the info, I don't closely monitor those things typically, and wasn't yesterday. Still expect that was the trade being referred to tho.

Some interesting views (quite general admittedly)

https://youtu.be/x292YIae8Rc

ATB

Imo, they are likely referring to the delayed 272k GBP trade from 16:50 yesterday.

I also remember a 6m share buy (which also appeared the following day) that appeared on the 6 August for an amount of 200k quid.

Seems some bigger money buyers are beginning to seek a foothold here in the foothills.

To correct my previous post here 'I've' should have read 'I'll have'

AIMO ATB

*ears not eyes. obviously

A chart opinion for what it may be worth, hope he's right. Big thanks to Panda1 on kefi bb.

Jackson Hole was like music to my eyes (was listening live) - big deal, imo.

https://youtu.be/rbqw9wd6i0o

ATB

Couldnt say I'm afraid, I'm by no means an expert in these things for starters. Secondly until the specific mining method is revealed it would be harder to guess. Once the method is given, I would look around for closest proxies I could find and then speculate considering those CoGs. The met test work would have to add into this (when known) and at some stage the CoG will likely reduce as the true scale of Hawiah emerges.

Working very generally, gold and silver can sometimes be extracted by the same/very similar process and I would expect the gold to be extracted, so for me it boils down to whether the recoverable portion of the 10.3g/t is deemed worth while to supply the extra extraction cost required to specifically extract the silver. Seen as; I expect that to be low (no figures on hand), am happy to speculate that the recoverable silver will be a high proportion, and that I'm very bullish on silver price my (very much non expert) gut feel is to consider the silver credits at present (even tho I'm looking forwards).

Basically I'm guessing - lower than 10.3g/t. Not that it will, likely, change my view that I've over paid or held my kefi shares thru too high a period of valuation (to date) if I'm proved wholey wrong in any/all of the above.

Corrections very welcome by the way always happy to learn.

Pea likely not far off in any case, so much more visibility just around the corner.

AIMO ATB

I like the idea of using the gold:silver ratio (r in this post) during consideration of silver grades. In March the r got to extremes ~125 recently it dipped to ~70 at height of preciuos metal bull markets it has sometimes reduced to around 16 to 35 ranges.

Re: Hawiah an r of ~25 would be sufficient to increase the gold equivalent grade (including silver (in this example only silver not the Cu etc) value in terms of gold grade on top of actual gold resource grade) from 0.6g/t to >1g/t - quite a bump to my mind - 40% grade increase. Just saying (and not saying anyone here was) that ignoring the silver will cause valuation to be arguably low, imo.

Currently r is around 72.5 using the consideration above the increase would obviously be far more modest - from 0.6g/t to ~0.74g/t.

Over 6m oz of silver not to be sniffed at, even now imo, and when looking forward to consider what could transpire by time of first pour likely significant.

R ~25 got from following calculations.

Silver grade (M resource) 10.3g/t

10.3/25=0.412

Gold grade (M resource) 0.6g/t

0.6 + 0.412 = 1.012g/t

Starting to look increasingly positive here and bb a much less time consuming read.

https://www.bullionbypost.co.uk/price-ratio/gold-silver-ratio-chart/?gclid=Cj0KCQjw7ZL6BRCmARIsAH6XFDL-7bTsJJWZVTkfVWH03ktyTyPmHY6DO4qXUO4CD4Vlq7GYuV0EXnQaAiMNEALw_wcB

AIMO ATB

Just to update from last week - the URA ETF rebalancing (hopefull) expectation didn't come off for BKY (not included). On the positive side CCJ bellwether on the up yesterday off the back of KAP announcing continuation of production reduction thru 2021.

https://twitter.com/stianflage/status/1296070474347106314

https://kazatomprom.kz/en/media/view/kazatomprom_announces_2022_production_plans

80p to £1 seems possible this year to me as derisking and uranium fundemtenals (+ spot price seasonality effects) sink in through H2

AIMO ATB

http://www.austlii.edu.au/cgi-bin/viewdoc/au/cases/vic/VSC/2020/509.html

Waiting game continues.

One day it could (imo will) happen in Sweden too, changing attitudes, Haggan is of strategic scale for Europe

https://www.skynews.com.au/details/_6182710189001

Assets demonstrably worth fighting tooth n nail for.

AIMO ATB

Added some more today. Ridiculous scale, incredible potential, seen as disruptive/threatening by some(?), enabling by others, if this becomes widely noticed and discussed likely to be a controversial one. My opinion - the vanadium industry needs these elephants to allow true rescaling of vrfb uptake. I have my stakes in VTM deposits but looking longer term see the two sediment hosted plays I own as definately worthy of some speculation at this stage. Vrfb dominating global utility scale energy storage - more likely with growing success here (expected within 6 months, imo).

AIMO ATB

https://twitter.com/stianflage/status/1293645011506958336

Well done JM and team and thanks for all the work