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And yet our EMH value continues to rise ;-)

@MLQG: "Where does it say they have used both piers for Ore?" Deduction ;-)

By the way, the two iron ore ships in a row is likely due to a holiday closure at the port, but continued iron ore movement to it IMHO.

What I find interesting is that nothing greater than 50kt has been announced yet. I wonder what's preventing 70kt ships from coming? Pier improvements?

@MLQ. I believe they are limited, as we would have been, by how fast they can get the ore to the port.

@MLQ this is from the interview: "A3: I think the idea was, originally, we were going to, when we talked about this in December last year, effectively, once we got the bank settlement done, we were going to start shipping material. That was really important because you could ship material, there’s a lot of material there about 1.3 million tonnes, take about 12 months to 18 months to ship it all, possibly sooner, but let’s talk the 12 to 18 months to ship it all. That would have generated $30 to $40 million of net revenue, which could be invested either to repay the bank creditors or of course, and reinvest into the asset, its capital so it had inbuilt equity."

Reading between the lines and the various news articles we've seen related to upgrade of the port and capabilities of that section of the river my take is that we are now planning on installing something outside the public port which will enable us to load up 70kt ships (which were recently authorised) and also utilise the public port to bring down that "12 to 18 months" to less than a year. A 70kt ship every 1 to 2 weeks would have the 1.39Mt stockpiles depleted in no time! (5 to 10 months) :-)))

"Amapa Iron Ore Project - Update" (02 November 2020)
https://www.lse.co.uk/rns/KDNC/amapa-iron-ore-project-update-n2zvfpszx20hasf.html
===[
Operations

While work on the settlement agreement has been ongoing, operations have continued to progress at the Amapá Project. This work includes updating the assessment of mineral resources, advancing the scoping study, updating its mining rights and investigating the installation of an interim shipment facility outside the public port to increase the capacity associated with the shipment of the iron ore stockpiles.
]===

In terms of capable of handling large iron ore ships - I thought we'd concluded that previously both piers were used simultaneously for iron ore. Did you see this? Call yourself a barrel person! LoL ;-)

http://www.docasdesantana.com.br/index.php/component/content/article/13-informacoes-operacionais/programacao-de-navios/112-ano-2014
===[
CONRAD S 26 / JAN 27 / JAN ITAQUI DEGRADE AMAZ. LOG CONTEINER UNLOCKED 1,037.39
LIPICA JAN / 21 26 / JAN CHINA CHINA ANGLO MIN. IRON UNLOCKED 41,153.70
POSTOJNA JAN / 20 23 / JAN CHINA CHINA ANGLO MIN. IRON UNLOCKED 42,650.00
ALEXANDROS M 07 / JAN JAN / 21 BELÉM SAO LUIZ TRANSPETER FUEL UNLOCKED 25,521.86
]===

@MLQ "IF they could use pier 2 why would they be looking at installing a temp structure just outside the port?" Lol. For the reason stated, to reduce the time taken to ship to take advantage of the current high ore price, and potentially reduce other costs. Presumably you've read the various articles I've shared that pier 2 is now also capable of handling large ships :-)))

LoL. Looks real to me! ;-)

@mccarefree. "They'd get shot down in flames". LoL. Probably. But they shouldn't. They've told us what the situation is, and in doing so have allowed themselves to buy in at similar prices to us. They've said it is taking longer than they expected. How much longer they haven't told us, but I'm of the opinion the news is imminent. Certainly the DEV being able to ship or not news is likely imminent as the trial is in progress, potentially finished, if not the deal signed with the banks... If DEV get permission to ship, they can use pier 2, since pier 1 is looking mostly full for a few months! ;-)

Found it :-)))

"Statement by Vice-President Maroš Šefcovic following the meeting with high-level industrial actors under the European Battery Alliance" (19 May 2020)
https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_20_914
===[
Prospects of self-sufficiency in the lithium industry: four sustainable lithium mining projects totalling € 2 billion have been launched in Europe (ES, PT, DE/CZ, DE/FR) and should be in operation by 2022-2024. Their impact will be significant as they are set to meet up to 80 percent of Europe's lithium needs by 2025, thus contributing directly to our strategic autonomy.
]===

What was that quote/expectation about 80% of the European Lithium demand being sourced locally again... ;-)

Indeed @jimb2, got as high as 43p before pulling back. If you look at the volumes, it looks to me that EMHLF is pulling the shares across to the states in preparation for the listing in the next few weeks. Sellers in the UK and AUS are facilitating this on the back of their fear that it will fall through 40p. IMHO ;-)

Personally I'd ignore the small EMHLF trades and focus on the larger ones. Seems to me the larger ones were going through at 60-65c yesterday which is 45p to 49p.

Good question. I haven't been able to spot anything which might suggest to the contrary. It was also repeated in the interim's at the end of September. It's possible the right of first refusal went to ERIS and we just weren't told. Might be worth taking a read of: https://www.lse.co.uk/rns/ERIS/

Although presumably you've looked at the 10 year graphs? Prices before 2014 were considerably higher than today's $180/t at one point. :-)

Indeed @MLQ. Bit of luck we'll complete with the banks, start shipping and partially lock in on future sale contracts to hedge against falling prices! ;-)

Futures currently above $80/t out to April 2023 according to CME :-))))

https://www.cmegroup.com/trading/metals/ferrous/iron-ore-62pct-fe-cfr-china-tsi-swap-futures.html

Around $80/t.

The virtual trial deciding whether DEV can ship before agreement with the banks is reached has been going on a few days now. Anyone spotted anything of interest? @Cause?

LoL @MLQ. Tell me about it. The acid test on whether it is important at this stage is what do you think the share price would do if the iron ore price fell below economically attractive (as it Lithium did for our Lithium assets). I'll give you a clue: Kaplunk! ;-)

http://www.custeel.com/en/csi.jsp
===[
Date Seaborne index 62% Fe fines Seaborne index 65% Fe fines
2020-11-18 126.90 139.50
2020-11-17 125.40 138.50
2020-11-16 123.40 136.50
2020-11-13 122.70 133.90
2020-11-12 123.50 135.20
2020-11-11 124.80 136.20
2020-11-10 123.10 134.50
2020-11-09 121.60 134.00
2020-11-06 118.10 130.00
]===

DCE evening session just finished strong too (~2% up) which bodes well for tomorrow. :-)))