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V10, considering they hit targets early for re-costings and hydro-power, why do you think they’ve missed the strategic partner and port targets? And if they were going to miss these targets, why didn’t they update the minute they knew they were going to miss those targets?
Hi Ex,
Good spot! I wonder if there's any significance that the list you provided of current projects doesn't appear to include the 12mtpa beneficiation plant in Brazil that PSEI was 'newly' working on a few months ago ?
PSEI.co doesn't seem to include this project, but maybe that's because that project doesn't need a pipeline? PSEI.co seem to be the pipeline specialists for many of the projects listed on PSEI.cn. It's a very odd set of circumstances, because to me it seems like the same company, or at least an arm-of..
Great find MM, there sure are some gems in long-forgotten RNSs. I wonder if there's any link between PSEI.co and PSEI.cn although different company names, they seem to work on many of the same projects.
Looks as though everyone's interests are massively aligned to get both projects off the ground, they must be throwing everything they can at this!
25 trading days until the mother of all deals is announced..
Nothing of interest there. Glencore have around 17% of HZM, not sure how much they would be involved with costings. Let's hope they have better news with their larger investment in Zanaga. Difficult to see our costs balloon when the on-going work has been looking to reduce costs by around 20%. The original CAPEX also has a 10/12% contingency built into it..
Six weeks until we find out who our strategic partner/s is/are..
One thing I found interesting is when ZIOC talked about Phase 2 back in September:
Phase 2 - Processing technology application study
Chinese EPC Partner possesses a proprietary new processing technology for iron ore processing, with the potential to provide further capital and operating cost savings beyond the results of the FS Update.
The application of this processing technology to the iron ore from the Zanaga Project is planned to undergo technical assessment as initial results from the FS Update are received in the coming months.
Then in December, Phase 2 turned into this:
The market enquiry and financial modelling phase 2 is underway and will now be extended into Q1 2024 given the comprehensive nature of the update.
Seems to me the re-costing, and processing technology is complete.. straight onto a new phase 2 which included 'market enquiry' and 'financial modelling'.. coupled with bringing in a strategic partner.
Given the current climate and push for green steel the entire market is asleep here..
I don’t think Cliff would settle for £4 a share given the current climate and push for green steal. This is the last world-class iron ore deposit not in a ‘majors’ hands.. just so happens to have one of the highest quality iron ore in the world too.. if Simandou at 66% is the caviar of iron ore, I wonder what that makes our 67.5% over the life of mine iron ore..
September update:
Phase 2 - Processing technology application study
Chinese EPC Partner possesses a proprietary new processing technology for iron ore processing, with the potential to provide further capital and operating cost savings beyond the results of the FS Update.
The application of this processing technology to the iron ore from the Zanaga Project is planned to undergo technical assessment as initial results from the FS Update are received in the coming months.
December update:
The market enquiry and financial modelling phase 2 is underway and will now be extended into Q1 2024 given the comprehensive nature of the update.
Makes me think the original ‘phase 2’ is complete and they moved straight to market enquiry and finance modelling..
I think we’re a lot further ahead than planned..
Spks, HE1 has done 800% in 2 weeks, at its peak was probably 1200%-1600%. If we all knew what share was going to blow up at any given time then we’d all be rich. For now my best guess is ZIOC given the news flow due this quarter.
I like Marty’s LinkedIn ‘status’ too..
“Leading the unlocking of stakeholder value and potential..”
Is all anyone needs to know for now..
“Following the acquisition of full ownership and control of the Zanaga Project we are now engaging with strategic entities interested in participating in the Zanaga Project, and intend on securing a selected partner by the end of Q1 2024”.
9 and a half weeks left of Q1..