Member Info for Orion10

Gold is going ballistic in Australia. Thor have three big Exploration Licences adjacent to Capricorn https://www.asx.com.au/asxpdf/20190731/pdf/4471pdmfblt9l0.pdf Stay tuned -

Hi Paddy GGP will as they have reported focus on exploration for gold which is a completely new discovery along strike from small historical gold mines. The ground adjacent held by Thor is in similar geology so their is potential for more new gold discoveries with some serious exploration. We hold the iron ore rights over a hematite outcrop which along with similar iron ore outcrops to the north west has the potential to host significant tonnages of high grade ore. No work has been done on GGP ground for iron ore and I have no idea if it is of interest to GGP but if their geophysics highlights targets it will add to the story at Panorama. Don't forget Novo which has about $50 million in the bank and capitalised at about $400 million -focussed on gold in the Pilbara will be watching this unfold as it is just west of their Beatons Creek gold project at Nullagine.

Hi Paddy Iron ore is not on GGP's radar screen nor on Thor's who hold the gold rights at Panorama - some of the ground of which we sold into Thor. Both companies have a lot of projects and that is understandable. Notwithstanding iron ore was not on many peoples radar screen a year ago - which is why I was able to pick up a lot of iron ore in the Pilbara -including the high grade at Panorama. It has of course all changed -Atlas -Gina Reinhart grabbing everything that moves - iron ore has gone ballistic and whilst neither GGP or THR probably won't have enough arms and legs for iron ore it is yet another part of the exciting story in that area.

Havieron is great - but will take time and markets are impatient. The work GGP have done at Panorama is very professional - that may be the rocket ship that gets this stock moving. Have a prospector moving in there now on our ground adjacent GGP -expect fireworks -not only gold but high grade hematite on our ground 60% +Fe and adjacent tenements --completely under the radar. And everyone knows what is happening with iron ore !

Study Capricorn Metals at Karlawinda - note the sizzling share price performance -note the new management and his track record with Regis Resources now a company with a multi billion dollar market cap. I positioned with large tenements -hundreds of sq km surrounding CMM which ground holdings are now in Thor as a result of the takeover of Hamersley Metals . Stay tuned - Karlawinda may well light a rocket under Thor.

RGM saved - https://www.post-gazette.com/business/pittsburgh-company-news/2019/07/13/rare-earth-mining-industry-Appalachian-coal-pentagon-metals/stories/201907130043

No it is about 1500 km away - look up Nullagine. Nothing like Beta Hunt - Late here in Perth -

Very good news from GGP with gold in many locations at Panorama. Thor adjoin with significant acreage ( Pilbara Goldfields ) in similar geology.

Its good news - structural not conglomerate hosted -very encouraging. And Thor (Pilbara Goldfields ) with big acreage adjoining in similar geology.

Started up 40% -retraced -then up about 53% or more and finished up 33%. Arafura is trading strongly -raising a lot of funds - all good news for Thor.

1.4p

Trades at 2.6 c here today - about 1.2 p

No Brazil is only one part of the story. Chinese steel production is booming -I could post many press releases but I am sure if you do some research you can verify that -- notwithstanding the Chinese economy looks a bit shaky ! Now consider this -the increase in Chinese steel production last year -just the increase - was more than the entire annual Japanese steel production. All the pundits have been wrong -almost always wrong when it comes to predicting Chinese steel production and iron ore potential . Besides it is only going to get worse in Brazil -

I have significant iron ore holdings in the Pilbara right on infrastructure but ding dong is playing catch up again with other commodities in Africa. He couldn't see this coming :-) I have waited 12 + years to position again and right on cue -this iron ore boom will be far bigger than when I got RRR up to 20p last time around. 58% Fe almost USD$ 100 tonne.

ECR having a good day too :-)

Okay a binding offtake agreement but meaningless really. Incidentally Mt Ida and Mt Bevan are streets ahead of Moonshine in terms of location -but still a fair road distance to a rickety old rail to Esperance -unlike Koolyanobbing. No comparison to the Pilbara - and FMG spent many billions getting set up much closer to very large ports.

Many companies like Glencore do non binding deals to lock in future possibilities. Have a look at Novo Resources with the Sumitomo deal - usually a friend of a friend knows someone -- Notwithstanding it was heartening to see Glencore actually take up some stock - convertible notes through a subsidiary as I recall but would have to check. As well as Macarthur there is Mindax with a big resource at Mt Forrest and Legacy with an even bigger resource at Mt Bevan next to JMS backed by NMDC in India -- plus a few others- The banks will never fund these deals but if iron ore rockets to $200 tonne then all bets are off - we can all retire to St Moritz.

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.

The gold areas at Karlawinda are an added bonus.