Member Info for substp

http://www.moneyweb.co.za/moneyweb-industrials/exxaro-steps-into-the-independent-power-producer-g

Could it be that Elitheni have to prove that they can get a load of SGS Lab verified Higher Value Anthracite out of the mine to be able to clench the kind of deal they want with a new partner?

Ever since they did the RNS this has been on my mind .... "The Company has reached an agreement with a customer that the coal will be available for the customer's collection from the port at the end of July/during August." If it was a load of thermal why didn't they just say Trasteel? As they would be our customer..... But a load of HVA through Elitra?

I think we have to look back 3 years ago to the resource update 21/7/10 when Golder Associates said that there was 31.4 million tons of coal in the “mining rights area” of 1300ha (13km2) that could be washed to economical yields to deliver an exportable quality. Also to Minxcons Reserve statement 29/11/12 that gave a total reserve of 34.2 tons. A reserve can only be done on a mining rights area. The mining rights area is 92km2. That means the coal that we need in volume is in an area that is only @ 14% of the mining rights area. How far are they having to go in before they get well into the 14% area? It also explains why Gabe Ruhan was already 2 km into a mine awhile back.

80 million shares @ 30p would give SNR £24 mill to play with after the debts with LCL are settled? "10,000,000 new Ordinary Shares (being approximately 4 per cent. of the Company’s enlarged issued share capital assuming the allotment authorities being sought at the GM are utilised in full) to provide some general headroom for the Company to issue shares from time to time over the next 18 months. In no circumstances will the Board issue new Ordinary Shares to any investor where that issue would result in the investor holding 30 per cent. or more of the issued ordinary share capital of the Company at that time."

Strategic Natural Resources PLC Results of CPR Update and Maiden Reserve Statement 29 November 2012 Valuation Minxcon have calculated an NPV for the Elitheni Mine in the range of ZAR1,508.75m (GBP107m) to ZAR1,709.26m (GBP122m), http://tinyurl.com/kgnozqh Rough figures but when you add the 90mill that they just voted on with the 23mill left over from last year and the 171 mill that we have in issue now = 284 mill @ 74% of Elitheni. This includes the LCL conversion and the allowance for a Strategic Partner. Then 26% (BEE) must = 99.78 mill, a total of 384 mill for Elitheni. 384 x 30p = £115 mill The Strategic Partner could still buy into Elitheni and not SNR but it has made me look twice. And mega room to grow.... "Net present value ("NPV") of total mineable in situ coal resource of between GBP107m and GBP122m and reflects only 6% of Elitheni's total exploration rights area."

"South African miner Strategic Natural Resources, in which Richardsons Capital has a 29.8 per cent stake, rose 1.62p to 18.38p on talk of a 30p a share bid" http://www.dailymail.co.uk/money/markets/article-2359538/Poor-reception-shock-Satellite-operator-Avanti.html :-)

SGS is an onsite laboratory.....Adobe page 5 http://www.sgs.com/~/media/Global/Documents/Financial%20Documents/Investor%20Days/D1-10-SGS-SOUTH-AFRICA-INVESTOR-DAYS-2012-Minerals%20Africa-D-G.ashx Hmmm "a strategic partnership in coal and coke trading or guidance on risk reduction, maximizing profits or improving efficiencies in precious or base metal mining or extraction, we are readily available with an international service." "For start-up and operational mines, SGS provides a comprehensive suite of services covering on-site laboratories, water treatment, commissioning and in-plant operational support, process consulting, debottlenecking, equipment optimization and expert systems. Our inspection and sampling services support both buyers and sellers of high value cargos. We carry out cargo and carrying vessel inspection, stockpile monitoring equipment testing and commercial analysis. In addition to providing a full range of standard analysis and testing services, we can supply state-of-the-art mobile laboratories and even install and staff on-site laboratories to give you your own customized testing facilities – anywhere in the world." http://www.sgs.com/en/Mining.aspx

I now wonder if there is going to be some kind of hook up between SGS ..... Trasteel....or even possibly Duferco this month? SGS buys into Elitheni........LCL converts into SNR.......?

Société Générale de Surveillance out of Switzerland. Hmmmmm so is Trasteel.... :-)

"steam coal from South Africa WITH SGS SA - Elitheni"

http://www.sgs.co.za/en/Mining.aspx

Company from Thailand http://www.chalo.biz/default.cgi/action/viewproducts/productid/220779/productname/Steam_Coal/

"There is currently no vessel booked to load coal at East London." This is from 2 sources...... :-(

Major step forward for Cradock Ethanol Project 01-07-2013 http://www.getnews.co.za/story?id=2197 And let's not forget about their FBBs with our coal....:-)

http://www.fin24.com/Economy/The-mining-super-ethic-20130701

The rail siding north of the mine was always the plan. It is on the Sterkstroom/Maclear branch line and is several kilometers from the mine head. If this is the road it shows they believe the branch line will be rebuilt. And it looks like the East Cape will be paying for the road.I understand they will have to use both sidings (Queenstown and the new one can't remember its name) for full ramp up of mine.

Another sign of SA Gov. help? Is this the road that will feed the siding on the branch line that is needed? Created 26/4/13 Department of Roads and Public Works : Policy Speech 2013/14 – 2015/16 New Projects for 2013/14 Honourable speaker, Given the current dilemma of a depleted budget, the department will construct the following roads projects: Elitheni Coal Road. Construction of the project to start in the second quarter of 2013 and be implemented over a period of two years. The project is currently in the final stages of the evaluation process. adobe page 5 http://www.gov.za/speeches/2013/EC_public_works.pdf

I have been told that Cambridge Siding is no longer being used and that the coal "IS" going by rail from Queenstown straight to PEL...... Great news! I think we'll see the pace pick up now.

At this time, BEE Rapitrade own 20% of Elitheni....:-) http://www.elitheni.co.za/board/