Member Info for Mynytho

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/

As Dr R says, capital costs for Simandou are much higher. One of the reasons is Rio's plan for Simandou involves building 650km of railway to transport ore to the coast. Zananga is about 600m above sea level, our plan for tansportation is a 350km slurry pipe. When it comes to development, with no significant hills between the mine and the coast, even gravity is on Zanaga's side.

Hi Beardozer
I too am here because of the fundamentals of the project and the reward, from these low levels 50x is not unrealistic.The quantity and quality, high Fe content and low impurities, are so good I can't ignor the opportunity. However, I'm taking a ten year view on this. If they can build a mine in five years they are doing well by industry standards. The iron ore price is relevant in my view as the increased revenue and profits for existing miners will give them the cashflow to go on the hunt to secure future supplies. As many have said before the key here is the anouncement of the start date for the new port, as I have no idea when this will come I am happier to remain invested than be on the sidelines waiting to jump in.

Wind still blowing fair for iron ore even if ZIOC's sp is slowly sinking. Have we bottomed out yet or was a certain 'Topaz Frenzy's' prediction last Autumn of 2p by this Summer going to be proved right afterall. I'm pondering buying more for my ISA but then I was thinking the same thing when we dropped into single figures again earlier in the year.

https://www.australianmining.com.au/news/iron-ore-prices-break-another-five-year-record/

Meanwhile the rest of the world has the wind in their sails except those based in Brazil.

https://www.australianmining.com.au/news/global-iron-ore-production-expected-to-plummet/

Glenda down again, what a pitty they are not in the iron ore business, oh hang on they are but sadly sitting on their hands over the development of the Zanaga deposit in the RoC. Otherwise they could be enjoying decent revenue and profit like Rio and BHP.

https://www.australianmining.com.au/news/iron-ore-prices-smash-through-us108-mark/

Some general background on commodities and the macro view on timing via Commodity Trade Mantra, posted by Rastuss yesterday over on the KAZ Minerals board.

https://www.commoditytrademantra.com/commodity-trading/brace-for-the-biggest-rally-for-commodities-in-50-years/

Rosewall
Sorry, I don't understand the question. If you mean W Resources are not producing yet that's correct, production is forcast for 2019. The point I was making, sorry to repeat myself, was that if the BoDs of more AIM companies, particulaly those with little or no revenue yet, such as BMR, JLP before Kabwe gets going, paid themselves accordingly we would all be better off. Even Warren Buffet only takes $100,000pa the rest of his $350-$400k package is healthcare and security. However, like the WRES team, he does have a lot of skin in the game in Berkshire Hathaway stock.

If Rio go down the IPO route for their 58.7% of IOC it will be interesting to see how much they get for their stake on the open market. The product is not dissimilar to Zenaga's grades for Fe and impurities. However, the mine is still using conventional hot pellet/rotary kiln tecnology so their opex costs for fuel must be high plus all that CO2 can not be good for their CSR image.Cold pellet process should give Zenaga an edge..

Extrader
Might help people on this board if you told us what you used to trade!

These are 'our', Zanaga's, proved and probable from the Zanaga website. As you can see, even our really good stuff, the 770Mt is only(!) 37.3% iron. That's the in the ground percentage. Once we dig it up and sort it out we can push the iron content of what we will ship up in to 67%'s. I think you are confusing these two sets of percentages. None of this processing has anything to do with cold pellets its standard mining stuff.

Classification Tonnes (Bt) Fe (%)
Probable Ore Reserves 1.29 31.8
Proved Ore Reserves 0.77 37.3
Total Ore Reserves 2.07 33.9

Extrader
No need to worry about oversupply of highgrade pellets. In simple terms all the process is doing is 'sticking together' fine particles of iron ore with 'glue' into a pellet that is tough enough to withstand shipping and transportation to the furnace without breaking up. It will not improve the quality of lowgrade, high impurity ore, from other mines, that would truely be turning "lead into gold"

Depressed car sales in the wake of VW's 'Diesel Gate' and excitement about EV's use of the 'Battery Metals', Lithium,Cobalt and Nickel has pushed Pt down to $850 and Pd to $950 an oz. It might be a bit 'Doom and Gloom' in the short term at these prices but the mid to longer term outlook is changing. Take a look at NEL Hydrogen's press release today on it's deal with Nikola Truck in the USA, and inturn, Nikola's deal with Anheuser-Busch. Logistics and the truck fleet are slowly moving to renewables, sadly a couple of years behind cars so this will probably bump along the bottom in the $800 -$1000 range to 2020 before the trend is reversed as the weaker miners drop out, see Lomin's SP.
Hopefully JLP's low cost per oz for PGMs and continuing diversification into other metals will play out, you never know, someone might even want Tjate in a few years time

http://www.nelhydrogen.com
http://news.cision.com/nel-asa/r/nel-asa--awarded-multi-billion-nok-electrolyzer-and-fueling-station-contract-by-
nikola,c2559428
https://nikolamotor.com
https://www.trucks.com/2018/05/07/anheuser-busch-nikola-truck-order-hydrogen-highway/

Posted by Seakelp on the ii board Maybe Tjate will get lucky one day.. *** Karo Resources to spend $4.2bn on Zimbabwean platinum project 22 MARCH 2018 - 13:55 GODFREY MARAWANYIKA "Harare � Karo Resources, a company linked to mining entrepreneur Loucas Pouroulis, will spend $4.2bn on a Zimbabwean platinum project in the first big investment since former president Robert Mugabe�s ousting in November." https://www.businesslive.co.za/bd/companies/mining/2018-03-22-karo-resources-to-spend-42bn-on-zimbabwean-platinum-project/

They don't need to spend money on a PR company but they do need to put some effort into their website. As the first place most people will go to it's dated, uninformative and a huge missed opportunity to show the work that has been done in the last 2 years.

Hi Ironfist. I agree underground is the wrong direction. I would prefer that we sell 50% to a major for free carry through development, otherwise it will be beyond 2030 before you see any value out of it and by then Colin and myself could be dead! Plus they may be perfecting their skills on surface processing but deep mining is a very different game. $50 million would do it for me with cash returned to shareholders via a special dividend. Could we get it as a resolution item to be voted on at the next AGM?

Hi itsaduster I'm not a fuelcell expert however this is a joint project between Shell and ITM Power. ITM is supplying their electrolyser to generate Hydrogen for Shell's Wesseling refinery site within the Rheinland Refinery Complex in Germany. As I understand it this has a Polymer ELECTROLYTE Membrane (PEM) design, it does not have polymer electrodes. The membrane separates the anode and cathode. The anode still needs Pt on it's surface to catalyse the process. So PEM Fuelcells or Electrolysers still need PGMs to make them work. Solid Oxide fuel cells, such as those made by Bloom Energy in California, use Methane as a fuel and Scandium Oxide to catalyse the process. However, because Methane is made of a Carbon atom and 4 Hydrogen atoms when mixed with air in the cell it produces CO2 as well as water and electricity. Lots of stuff on Google, Wikipedia and manufacturers websites that can explain the different types much better than me!