Member Info for Worzel7

If look at the RNS on 18 June 2015 then scroll down to directors notes you will see the figures there for planned run rate per annum

At this moment iron have a MC OF £12.43 million. Now when this mine is up and running and the expected run rate pa. It's aiming to produce 42k tonnes of high grade iron ore, 415 tonnes of vanadium and 8.300 tonnes of titanium.
Taking a low ball figure of $250 a tonne that's taking out extraction/running costs btw. More for the 99.5% grade. Times that by 43.000. Then there is the titanium 8.269 tonne pa. give or take a dollar or two it's about $4.800 a tonne. Times that by 8.269. Then you have the vanadium of course. Around 415 tonnes pa give or take at around $20 a lb again low ball park. Convert that into tonnes then times that by 415. Gives you a stupid annual turnover compared to the MC.Tried to work it out but not enough fingers. Bare in mind that the vanadium is almost cost effective as its a by product from the smelting of the iron ore. ****s

We might/should get some news this week guys. Good luck to all

5/10% each day would suit me before news. Less volatile, but wouldn't be surprised to see higher rises.

Here's hoping for a few smallish % rises this week, more so back end GLA

Some might of seen before but worth watching

Events on the one just posted. It shocking what a man can and do too another person mate. Some parts of this world we live in, barbaric acts are still happening Sadly

Is that the one on sky 129 mate?

Bit of history on channel 5

These codine tabs really space you out, wish this room would stop moving lol.
Tragic event in Brazil. Local miner VALLEY mining had one of its dams break. Wiping out a small river side village.
Same thing happened 3 years ago at another mine apparently. Safety inspections lacking there looks like

Said in last RNS it is expected to take up to 3 weeks for smelting results. So take this week as 1 and next week as two. What usually happens on these typ on stocks is it starts climbing up in small % rises before expected news. As we have all seen before. With a bit more activity back end of next week (if no news) ready for expected smelting results week 3. If as good as expected then SPIKE with the heard arriving IMO. Would think/hope for a price around 3-3.50 before news. Possibly spike to around 5p+ on oftake agreement could well be more. As usual then come the buy on rumour sell on news syndrome. In all honesty though I can see iron doing very well as long term bet with the quality of resources and at surface = low cost. Plus life of mine.

Ps, sorry to hear your of long term. Hope not to serious

G'day to you sir. Clapped out old bangers. Your not wrong there mate lol. Had X-ray on both knees and left hip Wednesday, got doc for results next Friday. Funny thing is these old bangers keep plodding on.
Can see iron moving up mid/end next week ready for oftake agreement with luck.
The very best to all

Interesting link on the iron bb BTW

Been a bit down myself, but have posted on a couple other shares. Though not posted much I have been reading this bb for the banter lol

Wass/all. Well done on the anti one mate. Patience paid off in the end then. (Stressing at times though) Sorry to read on the bb that you have been having a rough time of late. Stay strong

G'day to sir. Very much agree with that. Good luck to you

£10k buy just dropped in

As is the £10k sell but is a buy and the one in gray is a buy.

Just been digging around to do a bit more research. Going back to 22 Feb 2013, it states the main magnetic layer (Mml) averaged at 3.7 meters thick close to surface. So low stripping makes easier extraction = lower costs.
Jun 7 2016 again it states they all ready have an agreement for ALL the vanadium from slag at favourable prices.
June 18 As and when this project gets up and running,(start up) it's aiming to produce 42k of hpi 415 lbs vanadium and 8.270 tonnes pa. After proof of concept 2/3 years of continuous production. The plan is then to ramp up to around 1 million tonns pa.
With hpi fetching high prices and vanadium also commanding increasing prices, then you have the titanium fetching $4.800 ish a tonne. That makes this a multy billion $ company over the life of the mine IMO. Optimistic hell yes.
Yeah I know it's worth sqwat until it's actually out the ground. But hey what the heck GLA