Member Info for Helpful

https://twitter.com/kjawoogie/status/1108607639796224000?s=19

As previously stated: understand that JMS will not do a develop its Yilgarn assets itself, I have stated this several times.

The MMS deal opens up the possibility of doing a deal with a third party to develop the assets. If the MMS gig is economic under current conditions then so are the JMS assets.

JMS spent $40mil on a banking feasibility study. Why would JMS do nothing with them? JMS will want to get as much as possible for them.

RRR has three bites of the cherry: the JMS shares, the Anglo Pacific stage payments and the Mt Ida royalty.

DYOR

https://twitter.com/DavidLenigas/status/1109340192576540673?s=19

MMS finished up 100%.

Only a matter of time before JMS does a deal on its Yilgarn assets.

DYOR

Is back trading up 130%

We just need JMS to announce it has a deal.

Currently up 11.43%. The market is beginning to buy into their story.

McArthur Minerals still on a trading halt and so we can't tell what the market things of the news about the iron ore projects in the Yilgarn.

DYOR

https://uk.mobile.reuters.com/article/amp/idUKL3N2180PO?__twitter_impression=true

https://mobile.reuters.com/article/amp/idUSL3N2181X0?__twitter_impression=true

As I mentioned about Marine Diesel

https://twitter.com/PetroteqEnergy/status/1108476028492677122

https://agmetalminer.com/2019/03/20/looking-ahead-part-1-a-surprising-outlook-for-steel-prices-in-2020/

Yesterday's Fed decision yesterday means that we are now "risk on", a trade talks result will mean that the Chinese and US economies will kick on.

The Fed relaxed its position because of reduced US GDP forecasts for 2020. Both China and the US know that they need to get a trade deal over the line, it suits both of them. They must be closer otherwise they wouldn't bother meeting. But as always we will know shortly.

DYOR

It looks like WTI is heading to $62. Fingers crossed.

The Sino-US trade talks restart next week. A result will drive iron ore prices up.

https://www.businessinsider.com.au/iron-ore-price-vale-mine-2019-3

Amusing! The point is that a rising tide lifts all ships. Whether you hate AB or not the more important aspect is the environment within which RRR operates.

The major drivers in the relevant environment are all going in the right direction at the moment, that could change but for now it looks pretty good. The McArthur Minerals deal means that there is a real chance that JMS will get a deal on its Mt Ida and Mt Mason assets and soon.

DYOR

https://www.globenewswire.com/news-release/2019/03/21/1758423/0/en/Macarthur-Minerals-Signs-10-Year-Iron-Ore-Off-Take-Agreement-for-the-Lake-Giles-Iron-Project-in-Australia-With-Glencore-International-A-G.html

1. The economics make sense
2. Glencore has signed an offtake agreement at 4mil tonnes pa
3. The MM deal uses the same infrastructure that the JMS assets Mt Ida and Mt Mason would use
4. The MM deal only uses 4m tonnes pa of capacity; total capacity is 11.5m tonnes, ie., there is 6.5mil tonnes pa capacity in the infrastructure.
5. The price of iron ore is now back up around the level when JMS was going to proceed with Mt Ida and Mt Mason back in 2011/12.
6. MM now needs to secure debt but with a JORC, banking feasibility study and an offtake agreement that should be pretty straight forward.
7. I still don't think that JMS will take the iron ore project forward itself but will look to do a deal with someone else to take it forward. JMS wants to concentrate on Tshipi and wants no distractions.
8. If a deal can be done for MM's assets then a deal can be done for JMS's assets. We won't have too long to wait to find out if a deal can be done and on what basis.
9. JMS's policy is to distribute out as much income as it can, so I expect any cash and/or paper to be distributed out to the JMS shareholders. A royalty would be more complicated and so JMS might keep that and just distribute the income out.
10. If this comes to fruition it triggers the RRR royalty and the stage payments due from Anglo Pacific.

Interesting times.

DYOR

PS if you look back you will see I was talking about this a year ago, so this is not something that has happened overnight. These things take a while to come to fruition.

PPS the local authorities will want that rail line and the port operating at maximum capacity. They will find a way to help a deal get done.

https://twitter.com/DavidLenigas/status/1108713820653043712

Read and weep. This now gives an analogue for the Mt Mason Mt Ida assets owned by JMS.

https://www.globenewswire.com/news-release/2019/03/21/1758423/0/en/Macarthur-Minerals-Signs-10-Year-Iron-Ore-Off-Take-Agreement-for-the-Lake-Giles-Iron-Project-in-Australia-With-Glencore-International-A-G.html
DYOR

https://www.stikeman.com/en-ca/kh/canadian-mining-law/commodity-forward-purchase-agreement-an-alternative-financing-mechanism-for-junior-mining-companies

Para did one of these deals recently.

https://gettingthedealthrough.com/area/22/article/29109/mining-2017-global-financing-alternatives-primer-royalty-stream-financing/

Remember the Chengtun bid for Nzuri Copper came out of them talking about financing. Obviously, the penny dropped during the DD and Chengtun decided to bid.

The Fed decision yesterday means that the markets will now be "risk-on" as opposed for "risk-off" for the rest of the year: mining finance should become easier, in turn driving valuations and exit multiples.

DYOR

https://seekingalpha.com/amp/article/4249982-copper-outlook-freeport-mcmoran-vs-southern-copper-corporation-favors-latter-comparison?source=tweet&__twitter_impression=true

Again ... as I said, things are going well for Red Rock at the moment.. but you would know that if you did any research..

https://twitter.com/RRR_RedRock/status/1108421502062481408?s=19

DYOR

As I said....https://mobile.reuters.com/article/amp/idUSFWN215152?__twitter_impression=true

https://www.bloomberg.com/amp/news/articles/2019-03-18/biggest-trading-in-copper-options-ever-signals-supply-troubles?__twitter_impression=true