Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think you're right about CF in the local area. If I were him, i'd be contemplating moving. Mind you, with what he stands to gain from this deal he can afford to live where he pleases and helicopter in as it suits.
Total and utter twunt.
Fortunately, it just stings badly for me - but for others this will be life changing.
Based on that twitter vid, if that really is final WO3, and it's doing that 8hours a day non-stop - there is a serious amount of product being generated right now.
Heck - if that is WO3 concentrate that is absolutely firing out!! 1kg/sec?!
This board is making me sad :'(
I hope the share price goes up so we can all get back to being friends again.
Clearly sitting in these low doldrums is causing a lot of stress and resentment.
We've all been waiting too long and need to be able to move on - hopefully for the better!
Better quality Gripper TBM video here;
https://www.youtube.com/watch?v=PHHrHL3qUiI
Interesting. I particularly liked the bit on the conveyor belt. I always wondered how they accomodated an ever lengthening tunnel, and therefore belt required behind it.
The electrostatic separator sorts the tin from the tungsten from what I recall.
Clearly I do need more coffee - went straight to the top of the RNS list on here assuming that was the new one! It isn't!
Gone to W Resources website to find it.
Sorry - I might need more coffee. Have I missed an second RNS? -
"The confirmation of ongoing finance was great to read."
Where was this mentioned?
Anyone in the area?
https://twitter.com/WResourcesPlc/status/1184430052676517888
The mythical 1 share trade has popped up @ 13:22.
Conspiracy theorists, please start your engines!
Hmmm - for me that article lost credibility at this point;
"We are concerned that costs have escalated and were surprised to see Sirius offer to build a 37km tunnel and some other infrastructure from the mine to the port costing some US$857m rather than a lower cost solution."
Anyone following the project sufficiently would know that;
1) Original plan was for a pipeline with the material transported as a slurry.
2) This would've been in a shallowish trench for the vast majority of the route.
3) There were numerous environmental considerations due to the route this would've required to take and the risks associated with potential future pipe leak/failure which could never 100% be ruled out.
4) Expensive pressing and drying facilities would've been required at the port end. Very high cost and energy intensive process. Omitting this brought the cost of production per unit down. Short term high capital expenditure for long term lower cost of sales which would've soon paid for itself.
A bit like asking why the shafts are positioned where they are - because that's the most viable solution.
So I posted this off the back of the August RNS
"This sentence bothers me;
"Tungsten and tin concentrate stock has reached 19.8 tonnes (16t Tungsten and 3.8t Tin) in July"
What exactly does that mean? 'Stock' to me implies this has accumulated over more than one month. It doesn't say 'production has reached'."
Am I now correct in thinking my skepticism was well founded?
That's about the only thing I can think of too. That they may have contractually messed up somewhere and someone is owed something or wants money upfront. Pure speculation. But who knows right now.
Sorry to hear that Oldie. I think you've been here since I have - which must be at least 6 or 7 years.
I'm sat on a decent sized paper loss at the moment. I'm still hoping, and expecting it to come good. But I am rapidly losing patience also.
The bit that impressed me most, call me sad, was the tailings dam. That thing looked immense and immaculate! It must've been a huge job to build it, and I don't recall completion being shouted about at the time.
We are soooo close to big things I can almost taste it!
Thanks K3VMC. I will watch the interview.
However, hope some can agree of the ambiguity. It's a bit like me saying "savings in my bank account have reached £5k in July", doesn't mean I saved £5k in July.
Maybe I'm just used to looking at everything with a cynical eye now. I've learned to read between the lines in these RNSs!
Hoping for some positive movement soon. My SXX stock taking a pounding, which is what I'll be getting from Mrs Jaffaman too.
This sentance bothers me;
"Tungsten and tin concentrate stock has reached 19.8 tonnes (16t Tungsten and 3.8t Tin) in July"
What exactly does that mean? 'Stock' to me implies this has accumulated over more than one month. It doesn't say 'production has reached'.
Wow - I go away from my computer for one morning and chaos unleashed!
Bizzarely enough, Sirius' post on LinkedIn around the RNS has been liked (??!?!!) by some interesting people;
James Heslington - Shaft Technician/ Surveyor at DMC Mining Services
Mike Smith - Senior Document Controller Sirius Minerals Plc
Jorge Ferrero Gonzalez - General TBM Manager en STRABAG
Why would they like it?!
I suspect better geologists than me are scratching their head on this.
To give a flavour for the uninitiated, and a bit of a geology lesson for a Friday afternoon, (and excuse me as the my degree was some years ago now!), given the nature of the gold mineralisation, it will have been hydrothermal no doubt, it will follow fractures within the rock, which could either be along bedding planes, or more likely along joints/cracks/faults which will all be influenced by regional ancient tectonic activity (I'll hazard a guess at late Cretaceous when Africa headed north and walloped Europe giving all the rocks a squeeze and building some mountains e.g Alps, in the process). Not as simple as coal geology which i'm used to. Coal seams are laid flat, tectonics then shifts them to an angle or deforms the whole rock mass into anticlines (humps) or synclines (troughs). So with coal, if you can see what the bedding planes are doing in the surrounding rock, you know what the coal is doing. Not so with gold where you will need to find the pattern in the rock mass fractures - which is what the drilling is for.
Anyhow - where's my JORC!?
I have theorised before that he was not pushing for the JORC intentionally so he can time the news just right. Doesn't have to release the news if he hasn't got it. I am probably being over optimistic, and in light of recent absence of news, beginning to think it's not the case and the geologists really can't make their minds up.
Whilst not a mineralogist or exploration geologist, I do have a 1st class with hons geology degree, so wouldn't mind having a squiz and trying to make my own mind up!!