Member Info for Max111

Very good article about the upcoming seasonal rally in the iron ore price Sinter.

Interesting how people expected China's National Development and Reform Commission to announce a massive stimulus package today, even though it's not their mandate!

The department that is responsible for stimulus however, is the Finance Ministry and their meeting is on this Saturday.

#Chinese #property developers rally across the board in HK following strong growth in new home sales in National Day holiday.

Most cities saw new home subscriptions in holiday exceeded the volume for full month of Sept.

https://x.com/YuanTalks/status/1843830519664161189

At the last Diggers & Dealers, FMG said they were looking for platinum projects also to JV for their Green Hydrogen hub & Green Steel.

If UFO actually pull this off (and no reason why not) then this could be quite spectacular. Getting very interesting (if you have done your research). ATB

Fortescue and Scania collaborate to develop autonomous mining road train:

https://www.globalminingreview.com/mining/08102024/fortescue-and-scania-collaborate-to-develop-autonomous-mining-road-train/

Join the dots ;)

Surprised people thought they wouldn't build their new city Neom, when MBS said that their population was going to jump from 33M to 55M by 2030 and that they will reach the full capacity of the existing infrastructure of Saudi Arabia by 2030.

Hence the urgent need to build a new city.

Some people here said Neom was just a pipedream!

#NEOM Peak concrete production is expected by January 2025 and will generate over 500 local jobs.

Over 20,000 cubic meters of ready-mix concrete per day!

https://x.com/NEOM/status/1843580975885820019

#THELINE is the largest construction project in history & has the highest steel consumption in world.

2 skyscrapers taller than Empire State running parallel to each other for 170km!

Hanc0ck High-grade DSO from surface will be a cash generating machine.

I'm very happy indeed with Singapore iron ore futures at US$107.85/t or DCE futures which just closed at $111.14/t when All In Costs are just $85/t.

Especially considering JV deal using rail transport or Offtake + Regroup which are now switching to an autonomous in-pit mining fleet which will drive down costs further.

https://www.proactiveinvestors.com.au/companies/news/1057690/element-25-plans-to-launch-world-first-scania-fleet-of-autonomous-in-pit-mining-trucks-1057690.html

Also their quote before was for using trailers with payloads of 118t. They are also now upgrading to ultraquads with 150t = 27% increase in payload!

Or we could just sell to the Chinese party offering multiple of current market cap for the Hanc0ck project alone.

Another example of sovereign risk:

"Burkina Faso miners fell after junta leader Ibrahim Traore said he is going to withdraw mining permits."

https://x.com/KitcoMining/status/1843335500515684728

Going a lot higher than 2.7p.

Eg Pinderi Hills already has a JORC US$2.8bn resource (open at depth & along strike) and significant advances in geophysical exploration methods since over 2 decades ago means locating the mother lode & source.

Also the resource doesn't include any battery metals copper & nickel.

All highly economic now (when before they were only searching for precious metals).

Vale just announced a halt in nickel supply from their mine, Putin to restrict supply and there is now a nickel ore shortage Indonesia do due licencing.

Munni Munni ready with Mining Lease in place.

Iron ore price rally continues

https://www.mining.com/web/iron-ore-price-rally-continues/

Rio Tinto is shopping and wants Arcadium Lithium $LTM - surges 45%

https://www.youtube.com/watch?v=FtPoRyrlZkw

We owns x3 tenements bordering Rio + Large Lithium footprint emerges at Pinderi Hills!

Rio have been sniffing around since UFO was granted Mining Lease. If you look at their tenement bordering UFO Hanc0ck, it's completely stranded & land locked.

UFO Hanc0ck + Miscellaneous Licence haul road unlocks it.

Iron ore rose — following two sharply weekly gains — on speculation China’s top economic planner will unveil more stimulus measures at a press briefing on Tuesday morning

https://x.com/business/status/1843142873023189093

ArcelorMittal just raised prices for steel coils in Europe by €40/t:

https://gmk.center/en/news/arcelormittal-raises-prices-for-steel-coils-in-europe-by-e40-t/

After ArcelorMittal’s price increase, European HRC market expects price surge

https://www.yieh.com/en/NewsItem/150543

Iron ore supply is tight:

https://www.cnbc.com/video/2024/10/03/little-downside-to-iron-ore-price-supply-challenges-offset-weak-demand.html

Perfect environment for Hanc0ck with Mining Lease granted :))

@cj, true but the chinese have been buying up any small iron ore project they can get their hands on for the past 12 month, and last week china just launched its biggest ****tail of stimulus for many years.

personally as a long-term investor i prefer good offtake agreement signed this month and mining for 10+ years fcf rather than selling out early when less than 5% is explored.

mallina will be granted shortly and has similar geo units as the main sirius deposits (124mt) with bhp recently drilling south of it.

Interesting development in steel mills production sub-index & purchasing volume sub-index:

"Many mills that had cut production for maintenance have resumed operations ... steel production sub-index hit highest in nearly four years.

Steel mills' material procurement picked up, purchasing volume sub-index returned to expansion for first time in three years."

https://x.com/CathyYuanZhang/status/1841862915307053283

No wonder Chinese party offering multiple of current market cap for the Hanc0ck project alone.

Interesting Michael Oliver is saying silver is going to $100-$200 in a year or so.

Elizabeth Hill alone with Mining Lease in place is worth many times current market cap at just $30/oz silver.

Then calculate with potentially $100-$200 silver!

Morgan Stanley is bullish on steel stocks!

https://x.com/marketsday/status/1841764152563662927

@5x5Croire, why?

No need to ramp. The Chinese party (connected to steel mill) just needs to take delivery of a few months shipments to make money back.

Eg. 60,000t (Fenix size shipment) x 6 shipments = 360,000t x $100/t

$36M.

A lot more DSO at Hanc0ck! NPV is A$145M.

UFO cheap as chips.

ANZ: not much downside to iron ore price as structural supply challenges offset demand weakness

https://www.cnbc.com/video/2024/10/03/little-downside-to-iron-ore-price-supply-challenges-offset-weak-demand.html

Chinese injected with massive stimulus and offering multiple of current market cap.

Hanc0ck nicely positioned as next source of supply. No brainer.