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Two mongs don’t make a right..
Equally, we don’t have to accept the first offer that comes our way. We’re in the driving seat as we have an extremely cheap DSO part of the project that could net us $100m-$150m per year, likely then be able to seek finance ourselves for Stage 1. SA aren’t then guaranteed any ore.. That’s the USP for us, that countries NEED this ore to meet their own green initiatives and will likely pay through the nose for the privilege
DRI would usually need 67% iron ore.. I’m not sure Simandou have that, not even Vale.. they’ll be scraping 66.4% by 2030.. puts in perspective exactly what we have in the ground with our 66%-68.5%, average over LOM is 67.5%…
Hi nibj, as a publicly traded company on AIM there are a few requisites that come with staying on AIM. One of them is to satisfy the 'going concern'. My understanding of this is you have to show you have enough money to run the company for the next 12 months. Unfortunately, what wouldn't satisfy the 'going concern' is saying 'we hope to bring finance into the project in the next few months'. The Shard facility helps to pay the bills each month.
The strategic entity may not come with finance. That could be the next step afterwards. It would also be nice to be in the position where we don't have to take money to finance the project to Stage 1, and we have enough money to start up a DSO project on our own, or with the strategic entity. If we're less reliant on bringing finance in, then we can set the terms..
Duster mong, if you read a presentation or two you might be able to find out how much the CAPEX and OPEX is, then add in the re-costing of the FS recently with potential of 20% savings on said figures, and then add into that the Phase 2 work going on now which could include cold pellets. We could be as low as $10-$15 per tonne when taking into account the new CAPEX and OPEX. We're easily looking at $160 per tonne, potentially up to $180 per tonne when you start talking about cold pellets and 68.5% in Stage 2.. multiple that all by 12mpta/30mtpa/60mtpa and you get an estimate of profit over LOM..
Be fighting over how many pounds this will be.. not how many pennies.. most on here don't seem to understand or grasp just what's in the ground coupled with the impeccable position ZIOC have put themselves in lately. This is a company that can produce an iron ore product that will be in the top 5% for quality, maybe top 3%, for the next 30-50 years. The resource is only half drilled and it's one of the top 5 iron ore resources in the world. As i've said in a previous post, the next 3 months will be transformational..