Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Basic google translate…
HOLDER: VTF MINERAÇÃO LTDA.
ANM PROCESS No.
800.235/2014
RESEARCH PERMIT No.
4,288
Federal Official Gazette
05/05/2016
COUNTY
TAUÁ
state
EC
MINERAL SUBSTANCES
IRON, TITANIUM AND VANADIUM ORE
AMOUNT OF ORE
300,000 t/year
EXPIRATION DATE
02 (two) years
By this USER GUIDE, the holder is authorized to extract the mineral substance in the maximum amount specified above and is obliged to pay the Financial Compensation for the Exploitation of Mineral Resources - CFEM, within the established validity period.
TECHNICAL REPORT BY ANM AND CONDITIONS:
- the use of explosives, when necessary, is subject to the monitoring of a legally qualified technician,
- maintain the validity period of the execution and follow-up ART's,
- keep warning signs,
- control the movement of strangers ahead of the mine (immediate),
- circulate with tarnished trucks,
- keep public roads in good condition,
- use PPE - Personal Protective Equipment,
- avoid erosive processes and the carrying of solids to the drainage network,
- properly store oils and greases.
Comments:
- This User Guide will only be valid from the date of its publication in the DOU and accompanied by an Environmental License in force, issued by the competent environmental agency.
- Pursuant to art. 107, §3 of Ordinance DNPM No. 155, of 05/12/2016, the GU holder must present the environmental license or equivalent document to the ANM within 10 (ten) days, counted from the issuance of the latter, under penalty of cancellation of the Guide.
- Mining, processing and transport works must comply with the provisions of the Mining Regulatory Standards (NRM).
- Failure to comply with the conditions may result in the cancellation of this Guide.
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Document signed electronically by Ricardo Bezerra de Sena, Regional Manager, on 06/25/2021, at 4:01 pm, according to official Brasília time, with
Someone on advfn posted this link and then deleted it.
https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?9LibXMqGnN7gSpLFOOgUQFziRouBJ5VnVL5b7-UrE5QfG27PeXAauiffaLaQ0K4EWI-wzRS1EoiVjbHzLKSELYMPSRVaDtmZmkqiDLETN-SD2uzJwiTm25hyu-1kPnyK
Assume it’s you know who that posted it, but the link seems legitimate.
Basic translation seems promising, hopefully there is someone more knowledgeable than me on here to know its significance. For example I don’t know what DOU is, I assume it’s just an official publication of some kind.
Liked the interview although wish there was a more direct way for Brian to answer the ten’s of questions that are obvious from discussions on this board. My theory is that Proactive were touting for new business (e.g. see tweet from Katie last week (https://twitter.com/Katie_Proactive/status/1405079205298253824), assume you have to pay for the publicity and Brian didn’t want to so this is just something short to kick start things.
As far as the content, really intriguing how the Ti credits will come though within the trial mining tonnage limits (in next PEA/PFS, which will it be?, but glad a PFS got another mention).
But mostly really liked the clear commitment to get into production soon. For me this latter point, and low capex, makes this a standout opportunity to get early dividends with a great yield, and not rely on some long term NPV figure banded around by so many junior miners.
Hazbeen, your comment about £100m rings true to me. There was a comment about half way through the Oct 2019 interview with Crux where JM said that his near term goal was 100m market cap (I’m assuming he was referring to £ not $). This stuck in my head as a slightly strange thing but now reckon when they hit that figure, they accepted it was ‘good enough’. Based on the 1.45bn shares in issue pre recent placing, that would have been ~7p. The ‘deal’ with the cornerstone must have been done between the 12 Nov qtrly results (which didn’t mention it) and 4 Dec operational update (which did) when the price was roughly 7p too. Assuming the cornerstone is Orion, and Orion know they won’t get their $25m royalty money back unless this thing gets constructed, I think they’d have accepted a deal without a big VWAP discount at the time. Time will tell…
Does anyone know anything about the major shareholders Wood, Sumner and Ward? My quick google search implies they are either past director or deal advisers, but not sure I really got a good picture. TR1 notices seem to be routinely ignored by some. Just trying to figure out who is selling, someone appears to be at a seemingly odd time.
Agree about catching the traders out. Maybe that’s partly why the previous RNS was slightly ambiguous.
Thinking also it’s 3 weeks since Brian’s rare communication podcast and accepting the general market for junior miners has been difficult so far in May, I’d imagine he’s nevertheless disappointed by the response based on the overall SP performance. Maybe it was partly done to soften the impact of formally announcing in an RNS delaying the next PEA from Q2 to Q3, in which case he may feel it did it’s job.
But assuming drilling results are at least in line with or close to or better than expectations I’m hoping we might get another update soon. Fingers crossed.
Good weekend all.
So the last RNS said this…. “Two additional drillhole's result remain to be received from the north section and another drill hole is currently being drilled. This will conclude the drilling programme at the Pitombeiras North deposit, after which work will commence at the Goela target, where the Company is planning to drill 10 vertical shallow holes, or about 500 metres on a 40 by 40 metres drill grid. The Company expects to complete the drilling programme at Pitombeiras North imminently and receive all the geochemical results by mid-May to immediately start an update on the MRE for the Pitombeiras North deposit.“
It’s now “mid May” so might it be reasonable to expect another RNS soon, or does anyone think the company will wait until it gets the Goela results too?
Really helpful, thanks Dcat. The February RNS with the first PEA was pretty clear the next version will have TiO2 credits included. Going to be really interesting the approach they plan to take for that. I’m assuming they would not have said that if they did not think someone would at the very least buy the non-magnetic ore.
Well, my tracker says that we have finally today got over the 2.6m net buys level from the NvS/consultant option exercises toward the end of March. I might not have flagged all the buys and sells exactly correct, but can't be too far off. Not sure how the market makers have made any money if they paid NvS 8p and the consultant 7.78p, because most recent buys have gone through well under 8p. There was a chunky 600K sell on 21 April which didn't help matters. But hopefully now things can start to progress once more....
I've been trying to track the net buy/sells since 29 March and reckon it must be well over 1.5m of net buys since then - so much of NvS's 2m options might now be flushed through. There's also the consultant's 600K mentioned in the same RNS (which I'm assuming were mostly sold) but from the wording that might have happened some time earlier. Quite easy to buy still today, but hopefully in the next few days the share price can start to make progress again.