Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I caught their presentation the other day and have been going through their back catalog...being paid 7% to wait is a lot better than being repeatedly kicked in the ghoolies while waiting. They are a good investment, unlike virtually anything else in this sector.
re unique...no guarantees of course, but this one has a chance of being unique, like how China has a stranglehold on rare earths from their one deposit - HE1 might have that sort of grip on helium, if everything comes up 10 out of 10's. Assuming it's only 5's, then at least it's a decent business probly.
The trick there Tatty, is that an MCF is a thousand cubic feet, not a million cubic feet. As such, the actual $ numbers are 1000x better than what you thought!
138 Billion cubic feet is the same as 138 MILLION thousand cubic feet. - (138,000,000MCF) x $375 =!!!!!!! fifty billion something. Could be more could be less, of course...but it's gonna be exciting to find out.
New South Wales...
https://www.youtube.com/watch?v=TYQb3FtJfm0
papaduke - in my best Peter Hitchens impression, let me say that WSBN are not particularly relevant, and they're not particularly good!
WSBN fail to even specify, but their plan of drilling many holes to 300m suggests that they are drilling RC rather than diamond, which would explain most of the cost differential.
rk, I will go have another listen, but my take-away impression was that 2028 was referring to Alpala block caving. I mean, if say Tandayama was 100m tons of QD10 1.5 CuEq from surface....would it really take 7 years to knock up a plant & get the permits? Maybe.
The Yanks reduced their CO2 output more than any other country, due to the fracking revolution seeing cheap gas replace coal.
I'm sorry if it's you JC. I was proud of that line though.
NtM - "The ants are back Ted."
Re John Cornford article, several points...
*I like his cautious tone.
*In justifying his 3% value guesstimate, he says that during the last bull market, some near-surface gold deposits went for 3%ish of their in situ value. But this ignores that there's always a substantial premium placed on the precious metals vs base metals, in terms of buyout/in situ ratios. BM's go a fair bit cheaper, I dunno why.
*Caravel's Bindi is an excellent comparison project. (and i sold them $10x ago, oh well.) It's in Oz, it's near surface, low grade but with a positive economic study, has already surpassed the 2 million tons....AND COSTS LESS THAN XTR today. Food for thought anyhow.
*Yes we all got ripped off on Hot Maden, but for those who held, Sandstorm is a great company to find yourself invested in, and their shares have continued to rise since '16.
*Cascabel is not 90% copper. The new boss recently said it's 60/40, and obviously the numbers move around with the metal prices. The mine plan which target their high-grade ore for the early years of production, will see gold generating more than half of their project NPV, due to the high-grade ore containing exponentially more gold as the general CuEq grade increases.
*I really like that Charles Mackay paraphrase. It's one of those sources of wisdom which all speculators must internalize...
https://www.goodreads.com/work/quotes/1033191-extraordinary-popular-delusions-and-the-madness-of-crowds
Steve4077, I agree with some of what you've said there, and disagree with other bits.
Ecuador "has no proven mines"??? - There's Fruta del Norte, Mirador (ahem) ummm....any others?
Solgold's plan is to build rather than sell...Yes, this helps them sell at a higher price, for one thing. A bluff works best if you believe it yourself.
Solgold's cap is 14x higher, "based purely on exploration results." Well, too bl**dy right it is! $140 Billion of rocks in the ground is quite a valuable exploration result. And counting.
They have the same near-term monetization pathway as all the rest, i.e. someone takes them over, happily or no. I would say they have obviously greater near-term take over appeal than any one-hole hopefuls do. Tier One is closer to the front than Tier None. XTR could quickly zoom up the rankings, but only with good/very good results.
"In contrast, XTR has a huge discovery"...in contrast with $140Billion insitu Solgold, XTR has a huge discovery??? Huh?
Yes Australia is a far better jurisdiction, I grant you that. Although the infrastructure is not really better than Solgold's.
"The market cap is relatively low given the prospects" - You know already this is my number one disagreement around here, so I won't gbh the ears.
"It is a very different situation than SOLG." Suits me fine. ;-)
Just another day at the office for the President of Chad. Chad by name, Chad by nature.
He was touting it back then as well.
pffft!
Now the catch is, this is from last year. Apparently, only 43 people have watched this video on youtube! Geeez. It doesn't contain any cosmic revelations, more just background colour for HE1. This bloke seems to make the interview gilfs just slide off their chairs in a puddle - maybe it's the accent, maybe it's the hundreds of millions of dollars? If you don't care, just skip the first five minutes. But anyhow, he's a very successful mining business guy who's the chairman of HE1.
https://www.youtube.com/watch?v=gUIPbzhDjxQ
Nobody thinks it's the *best* country to have an investment in...but plenty of resource business does go on there, it''s still a large gold producer, the new mining laws were brought in recently giving certainty, the new president sounds pretty switched on - even mentioning helium as a priority, i.e. us - so you could say the country's changed from red light to amber.
But every project ever has some aspects that aren't ideal...Grasburg is up a 3000ft cliff on top of a 15000ft mountain, surrounded by 100's of miles of inaccessible jungle! The great Andean porphyries need a $3 billion desalination plant, and are short on oxygen! The elite uranium deposits in Athabasca require a system to freeze the cubic kilometre? of soggy sandstone encompassing the mine. etc etc etc.
But. For every project that failed due to government interference, or terrorists, or environmentalists (or any other type of mentalists for that matter,) there are at least a hundred projects that failed because the rocks just aren't worth the money. You have to go where the great goodies are.
Lake rigs (in WA anyhow,) nowadays cost only 20% more than normal DD rigs.
CEO of Copperbank Resources talking up copper generally, and lower grade porphyries in safe Western countries, specifically. He is talking up his own book, but that's ok - his investments just match his thoughts. He's a good speaker.
https://www.youtube.com/watch?v=bvr_T_9560Y&t=134s
That report is not even written by a human.