Member Info for Helpful

Again, slowly: 1. Mt Ida was put on care & maintenance mainly but not solely because there was no port handling capacity. 2. The company that had the port capacity locked up is pulling out. 3. There was another project nearby that might have wanted the capacity but it didn't get planning and that decision cannot be reversed. 4. JMS said it would revive Mt Ida when there was a port solution and higher prices: we now have both. 5. JMS have said they will relist, raise funds and concentrate on iron ore and feedstocks. 6. If JMS said now that they are going to reactivate Mt Ida, it would mean the IPO and IM would be delayed. DYOR

I have posted the links re Port Esperance. Check them out.

The Greenland deal? No idea and not very interested, though I can understand why someone invested from 3/4 years ago might have an issue. I am very interested in what is happening now and will it translate into value: it looks to me like we are not far off scoring "a Worldie". Take a serious look at Mount Ida. I am hoping we have the Steelmin RNS tomorrow. DYOR

Indeed, though I am sure the Trolls can make something up like, it is the wrong type of gold or something like that.

He was posting the same drivel when the share was .025p and upwards. Anyone who didn't investment from 0.25p because of Tragic's wisdom must be kicking themselves. As to movement, things are going quite well and will in due course translate into SP movement. I am sure that you don't need me to go through the list of good news items, do you? I thought the Para Resources announcement looks much better. They owe RRR $750k loan note repayment and $3mil in royalties. I suspect (obviously I don't know) that we will get our $750k in April 18 as intended. No doubt Tragic and the ex wives club will be trolling the same stuff when the SP is 2.5p. DYOR

Hey Trolls another one for you to say that AB made it all up and it can't possibly true etc etc and so on and so forth ad nauseum. https://web.tmxmoney.com/article.php?newsid=7450407383910801&qm_symbol=PBR

https://mobile.reuters.com/article/amp/idUSKBN1940PC?__twitter_impression=true

One for the Trolls. https://twitter.com/armcmb/status/960940597195485184?ref_src=twcamp%5Ecopy%7Ctwsrc%5Eandroid%7Ctwgr%5Ecopy%7Ctwcon%5E7090%7Ctwterm%5E1

A longer explanation. http://www.jupitermines.com/projects/cyip/mount_ida.phtml Recommencement will be subject to improving market conditions and a port solution being secured. The future viability and development prospects of Mount Ida remain dependent in part on the West Australian Government taking steps to ensure that a suitable Port and Rail solution is available in the Yilgarn region.

https://twitter.com/armcmb/status/960818472954540032 Operative word "partners"

http://www.mining.com/private-capital-favours-investing-copper-gold-first-time/

Try reading the posts and the links. Don't confuse cashflow with capital value. That cashflow might be a few years off doesn't mean RRR's royalty has no value now. The main impediment to exploitation was lack of port capacity, as the links and posts make clear. DYOR

https://www.esperanceexpress.com.au/story/5205680/roe-mp-calls-for-exit-money-to-fund-local-projects/

http://www.watoday.com.au/wa-news/mineral-resources-could-save-esperance-port-workers-facing-catastrophe-20180205-h0txpc.html

https://www.macrobusiness.com.au/2018/01/cliffs-shut-aussie-iron-ore-arm/

We get the 0.75% whether JMS makes a profit or not.

Not me. That is not the type of language that I use. It is not an opportunity really. The facts are out there. They are as follows: 1. JMS have said that they are going to IPO by end of Q1 18 (my view pretty nailed on) 2. JMS have said that in that Australian Financial Review from the other week that they were going to raise funds an concentrate on Iron feedstocks 3. RRR has a 0.75% royalty on a JORC of 1.85 bn tonnes (see the last AR) 4. Cliff is pulling out of the port and cancellation costs are quoted at A$60mil 5. The 2012 JMS presentation on their website stated that it needed $300mil investing in the port to handle the volume. Issues and views There is a conversation to be had between JMS, the port, Cliff and the local authorities. The 2012 report said it would cost over $1bn to exploit Mt Ida. If it can brought on (notice the if) then there is a lot of money in that royalty. My view is that it is good news for RRR and means that the JMS royalty is worth more than zero: how much more, I have no idea because it is down to the discussion above. I don't think it is likely that JMS will want to progess anything prior to the IPO because it would slow everything down and mean the IM has to be rewritten but it will be top of the agenda after the IPO. So things there is no point in asking me: Will JMS proceed with Mt Ida, I don't know but it is likely. Over what period of time, no idea but discussions with Cliff and the port are likely to be a 3/6 month job. When would they bring Mt Ida into production, no idea but maybe a 2/5 year time frame. They need to put a rail spur in to transport the ore. Nonethess if they decide they are proceeding that royalty will be worth something. Regardless of time frames it is good news for RRR. DYOR

https://www.businessinsider.com.au/iron-ore-price-steel-production-cuts-china-2018-2 Last AR says 1.85bn tonnes of ore in place at Mt Ida. It says RRR retains a 0.75% royalty. That is worth around $693mil at current prices. JMS will probably address this in the IM for the upcoming IPO. DYOR

Re the Iron ore project read the February 2012 investor presentation. http://www.jupitermines.com

JMS have said they will raise funds at the IPO. So they must have something in mind.