Member Info for refineryQS

Questions to ask regarding the pipeline would be:

What is the projected capex for the pipeline and associated pumps and infrastructure?

How would they fund it?

What is the procurement timeline? (specialist pumps can take a year to manufacture and have to be ordered early)

What would the ongoing maintenance cost be per annum? and how often would maintenance shutdowns impact production

But needs a 20 mile slurry pipeline, rail connection from the site or trucks running continuously. 20 miles sounds a long way to build the infrastructure they need. The slurry pipeline would be 10's of millions as would a rail connection and the company have £293k of cash and £260k of debt. How long will that pay the directors salaries? I don't think there's much headway for anything else

Do you have an empty hollow feeling in your wallet and portfolio? You may have Kallak syndrome

Has everybody noticed this from the March presentation: Scoping Study assumes initial capital expenditure

of US$386m and 14-year mine life..

$386 million!

Some things in life are bad

They can really make you mad

Other things just make you swear and curse

When you're chewing on life's gristle

Don't grumble, give a whistle

And this'll help things turn out for the best......

Rail would be best, road haulage would be next best. Slurry pipeline is not viable imo

Slurry pipelines for iron ore need to be around 36"/ 900mm HDPE-lined steel polypipe with a heavy duty pump capable of pushing slurry 40km. The largest pump provided by GIW has a 1.83 m diameter impeller, weighs over 27,200 kg and has a 3,730 kW motor. That is a big pipe to run for 40km plus all the concrete pads, civils and piers to support the pipe. I don't believe this is viable or affordable for Beowulf or would be accepted by the local community and Sami

It doesn't matter what it is made out of, it will wear and there will need to be a maintenance and replacement plan. Operations would be shut down during maintenance. If you go for a durable pipe it may give you 10% (example figure not real) to the life span of your pipe but it may cost more to purchase and weld. There are a lot of trade offs and I'm pretty sure they won't be able to afford the gold standard of slurry pipelines

One thing I do know is pipelines and commercial risk, so I was specifically looking for the risks associated with slurry pipelines. What I didn't mention is the potential cost of installing the pipeline, let alone operating it. One of my current projects is a twin 450mm diameter pipeline over 8km to carry water. Project value is £10 mill

I'm just reading about ore pipelines. The ore concentrate is processed into a slurry. "Mineral slurries are inherently aggressive, often containing corrosive substances that can rapidly degrade traditional pipeline materials like carbon steel. This unrelenting assault leads to failures, leaks, and compromised structural integrity, posing significant risks to operations and the environment...The accumulation, settling, or deposition of solid particles within slurry pipelines can lead to clogging and blockages, disrupting normal operations and potentially damaging equipment...The high-pressure and abrasive nature of slurry transport can take a toll on the internal sealing systems of pumps and valves. Damaged components within these critical components can lead to leakage, impairing performance, impacting the working environment, and compromising safety for personnel and equipment...Slurry pumps require substantial energy to operate, and inefficient pump selection or suboptimal operating conditions can significantly increase energy usage and costs. This not only impacts the bottom line but also contributes to a larger environmental footprint, making energy efficiency a crucial consideration for sustainable mining operations...Perhaps one of the most significant concerns surrounding slurry pipelines is the potential for catastrophic failures that can release large volumes of slurry into the surrounding land and waterways. The cleanup and remediation of such spills are not only difficult and costly but can also have long-lasting environmental consequences, making spill prevention a top priority for responsible mining operations." This really doesn't seem like a workable solution given the environmental concerns and the Sami. Aside from anything else how will they generate sufficient power to run pumps?

Road haulage would have the highest impact on local environment and in terms of CO2. It would be massively problematic for the EIA and any green credentials IMO

I hope not but I fear his effects will last long after he has gone

And steel exports have just been hammered by the orange god-king

Possibly because they don't need the ore. They already have three integrated ore-based iron and steel plants. Eleven scrap-based steel plants. About fifteen finishing plants and most of the manufactured steel products are exported. Export value in 2023: SEK 68.1 billion. Export volume in 2023: 2.9 million tonnes. All of that is pitched against environmental constraints; By 2045, Sweden is to have zero net emissions of greenhouse gases into the atmosphere. After 2045 Sweden should achieve negative emissions.

Isn't it already evident in the flat lined trading volume?

Taking good wages and running it down. Eventually, when it's low enough some big miner will come along and scoop up the assets at a bargain price

Shareholder optimism or pessimism won't change how long it takes to bring a mine site to production and I'm not saying that they won't do just that it will take longer than you think

....all you need is explosives/trucks/a crusher and off it goes,via infastructure

That is wildly over optimistic and really not based in reality.

Large-scale open-pit mining operations require a system of ramps for access and transportation. Safety measures include the use of large trucks and extensive training for workers. Safety precautions also involve addressing environmental concerns, such as proper waste disposal and managing the impact on local ecosystems.

The implementation of haul roads and traffic management plans plays a crucial role in ensuring the safe transportation of materials and minimizing risks to the community. It is also essential to engage in public consultations and collaborate with local stakeholders to address community safety concerns effectively.

One of the key concerns is the impact on hydrology, as open pits can affect groundwater levels and drainage patterns. Waste and pollutants from mining activities can contaminate water sources and soil.

Open-pit mining, on a large scale, generates waste material and pollutants that require proper management, including long-term studies. To mitigate contamination risks, tailings dams are constructed to store waste materials. Additionally, measures such as waste rock disposal and reclamation of disturbed areas are implemented to protect the environment.

It is important to address the presence of sulfides in waste materials, as they can lead to the formation of acid mine drainage

2028 might be ambitious:

The consultation process will remain open until mid-November. The Company will then complete any additional investigation work and plans to submit the Environmental Permit application in the Spring of 2025. The Court is then expected to take approximately two years to review the application.

That takes us to 2027 and they still have all of their construction activities to do after that

3-5 years down the line with how many additional shares between now and then?