Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
https://www.innovationnewsnetwork.com/meeting-increasing-lithium-demand-with-bougouni-project/26816/
I did research on this a couple of years ago. If they can process even a fraction of what they have already found, then the MCAP will be multiples of where is now, and I’ve calculated a lot more than 10x . But we will see.
https://twitter.com/kazeraglobalinv/status/1597541028881436673?s=46&t=hRy5CsYxfHjM8WEWylox-Q
@bumpingalong
If my money wasn’t tied up here it would be funny, but unfortunately I’m in the hole so it isn’t.
2 days to go to find out whether or not for once they keep to their word.
I can imagine that around the 28th March 2023 we will be asking the same question about whether or not production will start by end Q1 2023…
Anyone want odds of 250:1 that they will?
https://www.mining.com/zanaga-iron-ore-shares-soar-after-buying-glencores-project/
Look at the last paragraph...
"Iron ore prices have been gathering steam in the past weeks as confidence over the outlook for China’s steel demand increases. This is outweighing bearish factors, such as potential winter production curbs and India lowering iron ore export taxes."
Good for IRONVELD.
The 5m trsdfe may well have been a buy. SP appears to have broken the donwtrend with rise today (if it can hold on to it till close) . Are the starts aligning for a signficant rise? It certianly looks like it. All we need to know is for Elon to to put a bid in for the Lithium assets....
https://twitter.com/tesla_fix/status/1588665276757073920?s=42&t=ZfidoCLuewLlnrgjAJs7oA
Boom time?
Hi Marc,
weve had years of "just formalities" that never happen. Hence the reserved nature of many responses to this news. Check back over all the last RNS that said financing was in place (not the recent heavy dilutive debacle)
@dipln
Completely agree.
Think this bodes well as could indicate some siginfiant efforts to get this moving now.
I had a great return from Amerisur - thats why I am invested here. It hasn't worked out as intended, yet, but hopefully we will see more positive, and confirned news (rather than the "on condition of...") with a long overdue up tick in SP.
https://twitter.com/ironveldplc/status/1584883658694991873?s=46&t=VTm78jXlL5ppz4iVjZi2LQ
The Ironveld team are onsite checking the continuing good progress of refurbishment at the Rustenberg
(Pics)
Based on TPI’s estimated total mining cost to smelter of ZAR 2,000/tonne plus all-in transportation of ZAR 500/tonne and smelting cost of ZAR 7,950/tonne, FCF’s direct operating costs total ZAR 10,450/tonne. Assuming the current US$: ZAR rate of 18.2, this would be equivalent to US$22.97m when operating on a steady state of 40,000 process tonnes/year. Revenues of US$32m for the year would imply generation of an operating profit in excess of US$9m from Ironveld Smelting, plus a little under a further US$1m contribution from Ironveld Mining. After servicing creditors debt payments, local administrative costs and paying away any South African corporation tax dues (at a rate of 28%, although carried forward losses should ensure this does not apply until 2026), Ironveld plc would be entitled to retain 76% the balance owned by its subsidiaries.
While the existing smelter provides a foundation for building a larger scaled-up production facility, the acquired site offers only limited space for expansion. The Board has therefore indicated three separate phases of commercial expansion as detailed below:
PHASE 1 - The readymade 7.5MW capacity FCF smelter provides a platform for organic growth via demonstration of
initial production and sales;
PHASE 2 - Able to scale the initial project to construct a new 15MW+ smelter located next to the mining area, trebling
production. Capex costs (estimated at c.US$56 million), lenders subject to being satisfied with PHASE 1 proof
of concept (‘PoC’);
PHASE 3 - Long term objective to add four 75 MW smelters to process the large resource at the Project.
Ironveld’s High Purity Iron, Vanadium and Titanium project
Bushveld is a known metallogenic province covering approx. 66,000km2 , which hosts various mineral deposits including platinum group metals, Vanadium, Chrome, Palladium and Rhodium. The Project has the potential to become a vertically integrated vanadium mining and processing business serving the increasing demand for vanadium in steel alloys and vanadium redox batteries. The Group retains unencumbered rights to:
• 80 million tonnes of magnetite ore - the JORC compliant mineral resources demonstrates that it holds 1.6
billion pounds of Vanadium, the equivalent to four times annual global demand.
• 32 million tons of 99.5% (‘High Purity Iron’, ‘HPI’) in situ.
• 9 million tonnes of Titanium.
The Project’s 8 April 2013 JORC-compliant mineral resource provided the foundation for a subsequent Definitive Feasibility Study (‘DFS’) which was published on 23 April 2014. This confirmed its potential to deliver an exceptionally high-grade iron product at 99.5% Fe HPI which typically trades at a premium price in the market. The 56.4Mt ore grading at 1.12% Vanadium Oxide (‘V205’) represented almost twice the grade of other Vanadium resources that are currently being mined and processed within the Bushveld Complex.