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Hi all,
did anyone review Glencore's results and presentations last week.
If so was there any reference to Zanaga at all?
They seemed so laid back about this project and seem to leave most of the work to the team,
Does anyone think they will come to the fore and put some weight behind the development of the project to take it through to comletion?
We have a greta team that has bought this to our current status, do we have a partner there to help deliver?
I hope so.
My point was hat the new appointment will add value to the project and help to enable the delivery of the project with his mining development background . This is a positive move that will excite the market and add value. To what price it moves to …… who knows?? I'm here for the long haul after 4.5 years , not one of those rampers/derampers, merely being hopeful and realistic.
There are some key members to this board that add value in understanding the project and the long term value, Thank you Tom, MM Ironic and others. GLA
Good point. They didn't appoint John for no reason......hopefully logistics will be processed more aggressively now and lay the foundations for proving and delivering effective solutions that allow the EPP, which could be the catalyst for greater things. At some point Glencore needs to come to the fore and show publicly some driving support for the project rather than drip feeding exploratory costs. Commitment to all. That will then show the market that they are serious not looking for a passive profit on a few years of monitoring. Imo.
Guys We all have optimism but until key variables on transportation and logistics are finalised and financed, then its a ginger in the air job. Bottom line is if u were in a position to buy with financial resources what would you want to pay for it and then ask yourself what price zioc and glencore would settle for ? We have no real idea what they view as acceptable or whether they would before an on going income as opposed to complete sell out. I am totally open to ideas and prices but I think is guess work. I'm so hoping it's good tho I am prepared to wait as long as it takes. But surely it's above the IPO as so much more is in place than the initial pricing reflected with project placement and advances. Great overviews to date MM keep it up Gla
So we have a new board member, testing to confirm excellent quality product. Epp costings being reviewed, port commitment to the Congo, IMF meeting due and just to finish off...…. has anybody considered the real reason for our new board member might be the possibility that BHP may just be wanting somebody really close to the action that they trust to ensure that all is what it should be to protect their possible investment should they be on the brink of financing/ delivering the project ????? well that would be nice !!!!! just a thought of mine to throw into the pot.....anyone think there is value in such a view or hope ????
https://twitter.com/i/topics/news/e-1592708248?cn=ZmxleGlibGVfcmVjc18y&refsrc=email
Iron ore gains again as Chinese steel prices surge - watch this space! #ZIOC #zanaga #ironore #highqualityiron
watch this space......news coming???
don't tease me AT
Het Academy.... you sold at 15p.....????
what with all this activity going on ???? you are clearly a man of vision.
I think you will catch a cold and miss the boat buddy !!!
LIFE JACKETS BOYS.... MAN OVERBOARD HAHA
Well for those who held firm some big rewards are coming !!!
For those losers that tried t be clever you need to learn lessons.
However even if you buy in at todays price you are still going to see a handsome rise. Serious opportunity still exists for those with vision. Although to be frank you must have been blind not to see it in the first place !!
Great review Tom
Question, to ensure the maths are complete beforehand do you think that the Chinese, Zioc and Glencore have a greed a price in principle already for the finance/ purchase price for JV ? otherwise, the Chinese would not have much control over the price they pay for product in 4 years time !!!
The fundamentals have always been strong here, strong graded product, volume - plenty.
However the transportation logistics are the key, finding a route to port/ port capabilities, have been the stumbling block. If this was situated 50 miles from port, it would already be out of the ground. So until we crack that nut, then a finance partner wont come to the fore. But I still will hold the potential is huge, but its dragging on.
More tests, more investigations.
.Lets face it Glencore wont develop it so sell it, let a player in that can deliver the project !!
Plenty of good news in update to support the project, but it needs finance and a desire to drive this project forward not just groundwork testing repeated in the hope someone may take an interest, Put it on the market !!
extract from shareholder review paragraph....?? how long a wait?
It is important for shareholders to understand that there is a difference between the products that the team is considering. Based upon test work carried out so far, any Zanaga pellet feed concentrate product would be a traditional product of a kind which is regularly provided by mining companies today. By contrast, the polymer based pellet that would be envisaged to be produced as part of the EPP initiative, is a novel product that has very little track record in the marketplace. Ascertaining the acceptability of this polymer pellet product with steel mills is key to determining the viability of incorporating this solution into any development plans for the EPP project. In fact it may be the case that the EPP project is considered best suited to a pure pellet feed concentrate production scenario until such time as polymer pelletisation is developed to an acceptable degree of market acceptance.
Bottom line costs are going to be key to EPP delivery to prove the projects worth as a platform / showcase for the ultimate project development, so it is a case of the quickest / most cost effective route to market for the EPP to take off. Lets hope things start to move, time for planning has been running for years, surely the moment for action is around the corner...… we hope !!
Introduction Following the completion of the Zanaga Project Feasibility Study in 2014, commodity prices suffered significant reductions in pricing and investor sentiment towards large greenfield projects diminished off the back of concerns of oversupply in the seaborne iron ore market. The benchmark iron ore price fell below US$50/t and a number of iron ore projects were terminated or paused. In response to the fall in benchmark iron ore prices, the Zanaga Project Team took measures to reduce costs to ensure that work continued on assessing the viability of various options to progress the Project while monitoring the continuously evolving market dynamics. Since then, a number of factors have shifted to the Project's benefit, including (a) robust iron ore demand in China and increased pricing for benchmark 62% Fe iron ore which is currently trading within a range of approximately US$70-80/t; (b) record price premiums for high quality iron ore products; (c) available rail and road infrastructure across the border in Gabon; (d) reductions in third party contractor pricing in the mining industry globally; and (e) reduced energy costs. The Zanaga Project Team has continually taken steps to factor these evolving improvements into its strategy for assessing the options available for the development of the Zanaga Project. The Project Team has maintained its view that high quality products will continue to achieve significant price premiums in the future, and has sought to lock in this additional revenue benefit into the Project's development plan. Since early 2017 the focus of the Project Team has been to accelerate investigations into determining a viable solution for an Early Production Project ("EPP"). ZIOC is pleased to announce the results of the work that has been undertaken over the past year in assessing the viability of the EPP project. The Project Team have worked to assess a number of revised scale options for the initial development of the EPP project, and critical to this work is determining a viable product and suitable logistics solution for transportation to an exit port at reasonable cost.
Guys MM is no mug get off his case, there are plenty of scenarios that could pan out, but before any come to the fore, results of tests have to be disclosed, then a reaction will come from ZIOC/ Glencore, if they decide to open to the market then buyers will appear, but at the moment we have to wait ….. developments are happening on infrastructure, but no one has raised their heads above the bar and offered to buy ….yet. so chill out , we are merely onlookers so relax. Yes we benefit but we sit afar from decision makers.