Member Info for Sp28

Definite accumulation going on at these levels for the last few days. Looks like someone has got a buy order at these levels. Its so blatant.

Small sells all day, impatient leaving the train. Then a 200k and 75k buy!

In the short term market will do its thing. Rinse as many from impatient to patient.

Only thing im concerned about is what will be the share price in 6-12 months!!!

Risk/Reward, for me FAR is No1

-Sir Mick Davis - Chairman
-Peet Neinabar - NED
-Fully backed by Vision Blue
-Fully Funded
-Zero Debt
-Low No of Shares (~500m after full VB allocation)
-2 directors hold 35% of the company
-New and existing Institutional investors bought 16.3million shares at 30pence
-Main power line connected in May 21
-Small plant about to start - cash flow $10m per annum
-Equity element of construction will be provided by VB - $10m @ 25p & $20m @ 78p
-BFS massively expanded
-Further drilling to prove up 4 more unexplored Ore bodies - huge increase in JORC expected
-BFS completion in 6-12months
-All infrastructure already in place (road,rail, power)
-Therefore extremely low capex - ~$100m
-Will become the largest producer and easily the lowest cost producer
-Project economics - $2billion npv/IRR 96%/payback period 1 year
-Stage 1 annual profits - $100m
-Stage 2 annual profits - $400m

A highly successful mining executive accredited with building Xstrata plc into one of the largest mining companies in the world prior to its acquisition by Glencore plc. Before listing Xstrata on the LSE as CEO he was CFO of Billiton
plc and Chairman of Billiton Coal which he joined from the position of Eskom CFO. During his career in mining he has raised almost US$40bn from global capital markets and successfully completed over US$120bn of corporate
transactions. He is founder of Vision Blue Resources.

Im backing Ex CEO of Xtrata/Ex CFO of Billiton (Sir Mick Davis), Ex CEO of Xtrata Alloys (Peet Neinaber) and Ex CEO of Anglo American (Toney Trahar). All of them having Lead Tier 1 Global Mining Companies!!

You would be a fool not to, simples :)
DYOR

Thanks

Summarises the exciting opportunity very well, succinct, clear, and straight to the point. What we have to get used to now ;)

M5 - My thoughts exactly.

Green light given, all in place now.
Everything promised in 15th March RNS has been delivered.

Sir Mick/Vision Blue can expedite this straight to Phase 2 if they wanted. Previous plans were just a very low risk prudent approach.

A completely different ball game now!!!

Current phase 2 profits without the by products with a lowly vanadium price of $7.5/lb is $400million!!! If they were to confirm this, and BFS confirms everything in CPR, where could the share price head to!! 170p broker target suddenly starts looking extremely conservative!

And remember now we have all the drilling to look forward to, drilling to start, drill results etc plenty of news to come. How soon will they start drilling now, mobilising the rigs. If all 5 ore bodies contain Vanadium as indicated by CPR, this could be HUGE!

EXCITING TIMES AHEAD

And the price of Vanadium CONTINUES to rise on a daily basis!

All the ducks lining up...

Sir Mick now Chairman
Peet Neinaber new NED
Vision Blue initial investment complete
Main Power Line connected
Fully cashed up and no debt

Plenty of news in the pipeline!

Very exciting times ahead.

As stated last week, official RNS has been released!

Onwards and upwards. Let the fun now begin.

Sir Mick and his team will now be all over this, and FAR will get noticed in the City and Mining World! Expecting some big surprises/deals/JV's along the way.

Patience.DYOR

They sound very frustrated and sad holders to me. Always moaning and complaining.

Never seen so much attention given to another share on a different board.

If they not happy, they need to sell up and move on.

Wish them all the very best with their investment.

Be happy for others.

What will happen when sooner rather than later FAR market cap zooms past BMN!! Onky a matter of time.

Yes, but obviously we are not talking about anything and everything here are we ;)

If you have done your research, happy with the fantastic risk/reward, anyone would be happy to hold/buy more.

With the expanded BFS, and further drilling indicated in tuesdays RNS, $2billion NPV/IRR 96%/1 year Payback outlined in the CPR, could well increase!!! Not that it needs to. I have not come across better project economics anywhere else!

ALWAYS REMEMBER:

"the stock market is a device for transferring money from the impatient to the patient"
Warren Buffet

Im guessing official confirmation RNS should come imminently.

Rocklawn - only thing required here is PATIENCE.

DYOR

https://www.kitco.com/news/2021-06-01/Former-Xstrata-head-joins-Ferro-Alloy-Resources-as-chair.html

So today, Sir Mick Davis officially becomes Chairman of Ferro Alloy Resources.

Lets see what have we got :)

Sir Mick was the main architect and key person in creating the 2 Largest Mining Companies in the World today!!!!!!

Ranked No 1 - Glencore/Xtrata
(He essentially created Xtrata from a small outfit to a Global Mining Company. $90 BILLION merger with Glencore)

Ranked No 2 - BHP/ Billiton
(He was the driving force in the listing of Billiton on the London Stock Exchange, and then played a key role in Merging with BHP, to create BHP Billiton)

Cannot even imagine the experience, know how, knowledge and contacts this man brings, its simply breathtaking. Most people have still not grasped the enormity of this news.

And not even going to start on Mr Trahar Ex CEO of Anglo American, also involved with Vision Blue! Or our new NED Peet (Former CEO of Xtrata Alloys)

Simply WORLD CLASS!

SF totally agree with your post.

Although just a quick note, this is not the wild west of AIM, FAR is listed on LSE Main Market!!

RNS Tomorrow? For the big confirmation.

Drop the jealousy and envy

Be happy for others

A gentle reminder to any new investors. Best of Luck. DYOR.

BIG BIG Day tomorrow

Officially becomes a different BEAST! A complete game changer! Everyone will be taking notice.

Like i said, whoever wants to hop off this train, off you go, plenty of passengers willing to jump on and take your seat for the next leg/final destination! You have to look at the BIGGER PICTURE HERE!

They are looking to build something Big - Vision Blue/Sir Mick/Peet all know this!

Why would a man who retired 9 years ago, come back out of retirement???

Well Sir Mick must have sold it to him pretty well, an opportunity too good to turn down, FAR will become the worlds biggest and lowest cost producer.

Similar vision to when they both worked together at Xtrata, they can build something HUGE again. Takes alot for someone to come back out of retirement after all those years!!

https://www.google.com/amp/s/www.marketwatch.com/amp/story/xstrata-alloys-ceo-peet-nienaber-retires-2012-07-20

https://m.miningweekly.com/article/davis-and-former-xstrata-alloy-head-join-far-board-2021-06-01