Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
There is a big difference between direct shipping ores and magnetite - Sino have spent $13 billion at Cape Preston and still can't make a profit. Savage River have always been profitable but that is an exception. Mt Mason is a nice little hematite ore body but too small to develop. Moonshine is worse - a pipe dream. There are trillions of tonnes of magnetite in the Pilbara right next to major ports. Our hematite is within 7 -20 km of major rail networks at Western Shaw.
Mineral Resources bought Koolyanobbing in the Central Yilgarn from Cliffs for a song - everyone thought Chris Ellison could not make that work . It is powering ahead and expanding - has it own rail but might put pressure on Esperance port capacity. Now if JMS had 50 mt of hematite would be a different ball game. Lets see if JMS have iron ore aspirations again :-)
Moonshine has Buckleys chance of ever being developed but good to see some support from Glencore - likewise Mt Ida has a snowflakes chance in hell of being developed in the next 50 years. All magnetite projects have failed but FMG might make Iron Bridge work -. I/We have 500sq km of hematite -CID's only 50 km from Iron Bridge in North West Iron right on three rail networks only 180 km from Port Hedland - now that is going to really fly. Iron ore is going ballistic but no one was listening back in 2007 until I put RRR on the map with the Jupiter deal and not too many listening yet either but I bloody well have ten times what we had in 2007 -exciting times fellas.
Pilbara Goldfields is focussed on conglomerate gold in the Pilbara -Hamersley Metals is focussed on structural gold plays at Karlawinda next to Capricorn Metals https://www.asx.com.au/asxpdf/20190430/pdf/444pl8442tltv2.pdf
Another company Territory Prospecting Pty Ltd a separate private company has about 2 million tonnes of barite in the Northern Territory .
Hi dcgc Yes I now have an increased shareholding in Thor -we sold two Pilbara companies to the company late March. If additional drilling keeps delivering it will make the NT project compelling. Of course we all need this market to spring back to life. My principal focus is iron ore in the Pilbara now - have large areas close to Port Hedland @iron_northwest
Significant news if it is scalable - if I was RGM I would be increasing my exposure to DNi and getting a seat at the PM1 table by hook or by crook. https://www.asx.com.au/asxpdf/20181129/pdf/440rhg767rm13n.pdf
https://www.asx.com.au/asxpdf/20181126/pdf/440n4vx130608v.pdf
Zumore -from memory we listed at 6p or it traded to 6p on my daughters birthday 22nd Feb 2005 . But I have not Googled. The USA coal project should have legs but my brief research shows cash costs of other producers in the area about $60 tonne. RGM seem to be selling coal for about $20 tonne less than cost. I would like to see it work -but does not look flash. Have any cash costs or AISC figures been released yet ?
My understanding RGM is a minority shareholder of Direct Nickel Holdings which has a 30% equity in DNi Technologies - or something to that effect. In my view any company with lateritic nickel resources -particularly high grade limonitic should start buying PM1 to get a seat at the table and potentially licence DNi technology if it proves viable in large scale production plants.
Townsville is not the only place this business model could work - Pacific Rim Cobalt has high grade lateritics in Indonesia on the coast which is a big advantage over Mambare.
There's a play here on a company like PM1 which all the lateritic nickel players might try to emulate.
That's right - and this time around with high grade ore available at the right price -and North Qld from where I hail desperate to create jobs after the Palmer fiasco ---perhaps all the pieces of the puzzle might fit.
Gentlemen The next chapter in the lateritic nickel story - and PM1 on the move !
https://www.asx.com.au/asxpdf/20181022/pdf/43zgtxmcrxbfmy.pdf
Arch Coal claim their cash cost of met coal is $51-56 tonne - RGM sale price is $44.50. Good question -what is the cash cost of RGM coal production? Nice to see sales but are they selling it for less than cost ??
I have shares in PM1 . https://www.asx.com.au/asxpdf/20181015/pdf/43z7x2q0zr23rw.pdf
People might be interested to know that Tony Woodhill -who was responsible for finding all the gold on one of my gold projects at Mt Pleasant -actually delineated sulphide nickel in trenches at Mambare about 40 years ago. Thus far though no sulphide nickel discoveries of any significance in PNG ! Mambare will be developed one day - one should never say never but everyone here most likely will be pushing up daisies lol. Like magnetite it simply is not happening - and if I am any judge there are some more big sulphide nickel discoveries imminent in Western Australia that will make it hard for the incredibly high capex lateritic deposits to be developed in the near future.
Okenia I pegged Kokoda -in deference to its war time history we changed the project name to Mambare. And I virtually gave it to RGM. Mail me and I will tell you why Mambare cant be developed and nothing to do with the resource.
At current RGM stock price we better get hold of Andrew -put a good project in and revv it up :-)
Still around fellas - eighty not out -still batting lol. Never look back - just keep on trucking. A new cash shell in the works on LSE -stay tuned and deals with NEX and AIM companies. Have half a dozen conglomerate gold - lithium - cobalt and manganese companies in the Pilbara -- The Jupiter relisting will give my manganese play a nudge. Cheers