The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Because on a very good day with no issues you will cut 1500 / 1750 t in 24 hours on one heading,
You all just thinking about now and the funding to get the shafts and tunnel completed
Just my opinion, if Sirius got the funding and started producing they would go bankrupt, its going to be years before they make a profit and woul;d need millions is the bank to carry the, again just my opinion to the mines future success. there's allot of dissolution regarding the production figures
The mine needs a company like Anglo to get the job done, with a bit of luck they will be Long wall mining and not continuous mining, that's the only way of hitting big tones. Just need a better deal.
How can such different opinions come within 20 hours of each other come from the same company ?
20 Hours ago "why i'm buying shares in Sirius"
40 minutes ago " Why I think Sirius Minerals share price could fall 60% in 2020"
Am i missing something here ?
Oi you lot, get your own website :)
Who knows Scotman, we all could be playing for the same chairman soon, lol
in a year or two I would maybe up for a year contract before I hung up my helmet.
Ranger, you have to remember the majority of the lads are production miners, get the shafts down and lets see who jumps where, including the white hats !
Chesh, I honestly think plenty of good lads would be prepared to jump ship, ICL are constantly looking to reduce costs and at the moment its the manipulation of wadges and pensions that are funding it, over 120 men have just been pushed out of the pension plan, theres nothing keeping them at Boulby now, it will bite them.
I dont think so, ive been at Boulby almost 35 years, I have a good pension I think I have just about had enough to be honest.
But I would love a look around when tour up and running.
Yeah your right Sheps, they did kick us in the teeth in fact they have done it a few times.
But I did mean production exoectations
ICL have the experience they are realistic and have a honest projection for the future, you can write any plan that looks good to some but unfortunately it makes others laugh, 20mt were laughing.
I don't see the threat for a long long time,
Cheating ? lol
Longwall mining is a form of underground mining where a long wall of Mineral is mined in a single slice. The longwall panel is typically 3–4 km long and 250–400 m wide.
I dont know if thats cheating or not, lol
Good Morning Scotman, All the best to you sir, The sales put you in a cracking position, all the politics and permissions isn't my thing, I just know about cutting the stuff, all you need to do is get it out, easy really :)
R.H.B, I genuinely would love to see Sirius produce 20mt, it would be an awesome site all that product on the belts.
Gert, I think you need to compare Apples with Apples.
It stands a good chance they are long walling.
Just keeping it real brother, I've seen the Joy lads with there heads in there hands lol
Anyone can read and say what they want, theres no substitute for experience, :)
Sheps, we were told the same by Sandvik, there miners fell to bits, I find it funny the people are under the illusion that everything at Boulby is 50 years old.
All our miners a Joy, all our crushers are new and the trunk belts are now 48"/54", Our Dabmar screen and crusher are all very recent, We are in the process of building another brand new crusher and a brand new miner is been built as we speak. Mr Joy global would tell you that, he wants to sell you a hand full of £5 million machines and a few years back they didn't have a clue, I'm guessing when he told the the "Tooths" he ment picks, Theres abit more to it than hard picks, the amount of picks, the profile of the picks, the head speed and the cutting speed, My experience isn't to shabby either.
We had 4 districts all revved up and ready to go and we got just 75000. the maths is easy.
You know, I believe this has been one of the problems with funding, people have their head in the clouds, your never gonna get 20 million tonnes a year and lenders/investors know it, I recon in full production with continuous miners you will be lucky to get 5 million a year out after 10 years development. .