Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Micro trades have been happening for a few days now, like atc40 I'm interested aswell , can anyone say why. Is it just the algorithms of bots fishing for direction, any ideas?
“Pay more attention to the arithmetic and reality than the narrative, the narrative part is fun. Arithmetic works like this. If you own a sock, and you think it is fairly priced at $1, nothing changes in the company except the market is good and it goes to $2 you like it, it makes you feel smart….. the fact it went from a dollar to $2 verifies the narrative. But the truth is if nothing has happened it’s arithmetically exactly half as attractive. Conversely if a stock that you think is worth a dollar falls to 50c with no change in the underlying fundamentals you hate it because you are down 50%. But the truth is that stock is precisely twice as attractive in an arithmetic sense. It’s difficult to make your mind wrap itself around the delta between price and value but to make money successfully over time that is something you have to do.”
Rick Rule, 4th March 2020. This quote comes from about 22.30 minutes into the interview when he is wrapping up. If you are short of time listen from hear to the end, less than 3 minutes. If you want to listen to Rick, who I have found to be a very informed and entertaining comentator, the interview starts at around 3 minute in after the usual Youtube adverts.
https://www.youtube.com/watch?v=HrCyFCV6M0w
From the same source, last paragraph, via Google Translate.
Note that the Pointe-Noire SEZ is based on the port-industry-city model. The aluminum manufacturing plant by electrolyte treatment of bauxite, the ferro-alloy factory by using iron and manganese metallurgy, the large-capacity petroleum refinery, without forgetting the water factory with a production capacity of at least 200,000 m3 per day, the natural gas power plant with a capacity of 1,500 MW, the multi-function quay at the Pointe-Noire autonomous port constitute, among other things, the activities that will be implemented there. Once completed, the Pointe-Noire SEZ will generate seventy-eight direct jobs and will eventually house one hundred and twenty-five thousand inhabitants.
4kandles
As others have mentioned, this version of the Coronvirus family mainly kills the already health compromised. As the saying goes "No one gets out of this life alive", something is going to get you and if it's an infection, as opposed to cancer, it's usually respiritory in origin.
Simon
Regarding large scale long lead time mining projects, the Chinese and investment in ‘Africa’, actually 54ish individual countries. I am perhaps happier with the prospects for Zanaga because of my experience with Canadian Ivanhoe Mines. They have been developing their Copper and Zinc projects in the DRC, not the ROC, with their Chinese and Government partners for years. They are currently sinking their second shaft on their PGM project in South Africa, again seen by many as a ‘difficult’ country. I think perhaps the ‘Africa’ question is in part based on an outdated, what was learnt at school many years ago, view. Things do work in ‘Africa’, even the DRC, take a look at Ivanhoe.
https://www.ivanhoemines.com
I'm with you DrR. This has always been a longterm play for my pension. I find my other successes make it easier to cope with the waiting, very happy with Tesla this year, another longtermer for the pension pot. However, I found the last RNS very positive along with the developments at Simandou. Stick with it for a prosperous New Year.
Thanks for the link Luke2. From the same site this story probably has more significances to the need for Nickel.
https://www.businessgreen.com/bg/news/3084444/drax-britain-needs-ten-times-more-energy-storage-to-hit-net-zero
Hi Strevs
Not sure I understand your question but I’ll give it a go. All Battery Electric Vehicles, BEVs, or just EVs for short require charging. Most current owners of EV’s charge them at home plugging into the grid. If they are able, many combine solar panels on their property roofs with battery storage, like a Tesla Power Wall, and charge their cars for ‘free’ (once you have bought the kit). Because most journeys in the UK are less than 30 miles/ 50km, eg. kids to school, commute to work, you charge the car once a week. Long journeys 100s of mile you’re going to need a public charging site along the way, you stop for a coffee and plugin while having a break. Lack of public, on the road, chargers was the origin of ‘range anxiety’ a few years back when everything was new. Toyota, who don’t make any BEVs, confused the issue a while back by running adverts for “self charging hybrids” like the Prius that have a petrol engine, an electric motor and battery. If I have totally missed the point take a look at the Fully Charged website for all thing related to EVs and renewable energy, also very entertaining presentation by Robert Llewellyn and team.
https://www.youtube.com › user › fullychargedshow
H2g, things are moving faster than you think, 'follow the money', particularly when it's Bezos spending.
https://www.youtube.com/watch?v=kIVZVrOC4tU
'Exactly Coldfeet, Teenagers today, they've all got two cars on the drive and are always jetting off somewhere to go on another cruise plus have you seen the size of their houses.......'
Old but interesting presentation from BHP from mid 2000's. Charts are out of date of course but it's worth reading the introduction and the Summary, last three slides, if you want a quick view.
https://www.bhp.com/-/media/bhp/documents/investors/reports/2006/amecconference.pdf
K3VMC
Being an aging nerdy type with a science and technology background I get dewy eyed at the sight of the stuff companies like ZF can design and manufacture. All the skill that goes into making products like their latest 9HP is truly leading edge mechanical engineering.
https://www.zf.com/products/en/cars/products_29299.html
However, most EVs are direct drive so don’t need a gearbox or all those tungsten carbide tools used to cut and grind the gear wheels and of course the same applies to manufacturing all those internal combustion engines to power them. EVs are currently only 2-3% of global sales but they are the only sector that is growing significantly and once people drive an EV they won’t be switching back. (Book yourself a test drive and try one.) Globally the legacy manufactures are stuck with some very stark choices, locally in Wales Ford’s Bridge End plant is an example.
Tungsten will always have it’s uses but it’s not going to have the growth demand of the battery metals and Copper over the next decade.
In case you are wondering I was an investor in WRES, inspite of all the criticisms of him I liked the fact that MM has 'skin in the game'. I dip into the Wres board now and then to see what's happening but as I have said I think the growth rate is better elsewhere.
thechaser
Thanks for the link. Lots of new technologies being applied to try to improve battery performance so use of Tungsten may help. It's whether the reduced need in traditional areas such as machining metal for ICE powered transport and Tungsten bits used to drill for the hydrocarbons currently needed to fuel them is offset by those new uses?
K3VMC
"Mogwhy, there is no way that tungsten prices can stay here long term. It is a requirement of modern life, ..."
Electrification is coming, EVs have around half the number of parts as a combustion engine vehicle and thats because they only have one major moving part in the motor and most don't need a gearbox. So very little cutting and grinding needed to manufacture them compared with a piston engined car with a six speed manual or eight speed auto box. Times are changing.
As I have said before, if you were a major Chinese steel producer why would you continue to pay the Australians when these large profits could be accruing to your own bottom line?
https://www.australianmining.com.au/news/fortescue-applauds-chinese-demand-following-profit-hike/
Why continue to pay the Australians when you could own your own mine and create a vertically integrated steel business?
https://www.australianmining.com.au/news/fortescue-delivers-record-shipments-as-chinese-demand-spikes/