Member Info for Zebediah16

Demands on demand forecasts. EV is what analysts know and how does Zinc fit in the EV marketplace. This forecaster says : "But in the longer term, zinc does not have much exposure to EVs and should underperform its base metals peers, Sardain noted."

Well rechargeable zinc batteries would change that.

This company is making Zinc Nickel batteries and expanding production and wants to expand big time. It says its batteries have "2x the energy, 2x the power and 2x the lifecycle of lead acid batteries," Lead acid batteries are a big market.

http://zafsys.com/

also in development not in production

"New zinc battery competes with lithium-ion"
"A new way to put the zinc together makes this safer chemistry an option."

Lithium Ion batteries explode- Zinc ones dont.

https://arstechnica.com/science/2017/05/a-zinc-battery-that-could-compete-with-your-favorite-rechargeables/

In March this year they said it could go to USD 4,000 a tonne

"Zinc prices are likely to peak in mid-2018. “Zinc can go to $4,000 per tonne,” he said. "

just after he said that, the Zinc price started trending the other way. Sounds many people here

It shouldn't but it does. Its like lots of oil exploration projects get canned when the price of oil slumps despite these taking years to come on stream. Real boom and bust industry. I suppose there is no money to invest counter cycle. I think thats what CB was talking about when he was predicting inflation ahead and people piling into commodities

Dont may many investors pile into share when its rising, Same kind of thinking

Still think the spot price of Zinc has paused or slowed down this project. Too high grade to waste in a soft market?

JLP Kabwe Project: 6.4 million tonnes (3.2 million JORC compliant) surface material containing an estimated 356 843 tonnes of zinc and 351 386 tonnes of lead - Currently negotiating terms to begin production in Q2 2019

I guess you can process 400,000 tonnes of high grade Zinc ore as well if its compatible

OH Ok. do they have the spare capacity?

So what has happened since then? That mine has been closed for a while

If they are keeping him off the books for another month or two, ZEN must be really hard up :lol: No joke

Its hard to beleive that the spot market price of zinc would affect Zinc ore mining, becasue by the time you get the mine going, the price will have dropped again.

But it does apparently

Zinc price is on a downward trend .

He's talking on about a period of inflation where people invest in commodities, so waiting for a spike.. Do people stockpile Zinc when high inflation strikes? Thats what he is pinning his hopes on. :lol:

The project looks mothballed or moving at a snails pace

Star Zinc occurrence is willemite, which is a zinc silicate mineral that is not suitable for the Kabwe metallurgical process

Hmm so lots of Zinc but no plant to process the ore. CB is waiting for something I dunno .. Somebody to tell him what to do next

where is that buyer?

"where the COO?" dunno

You wanted a status update on this rig BD260 and you got one . They have started shipping it. Looks like everything will be in place by End Sept.

I'm sure they can keep it for longer than 6 months if its useful. You only have to give up a rental if someone else has booked it and it looks somewhat unlikely

classic symptoms of dementia. very sad to see

MauriceGran "a little knowledge is a dangerous think been been so evident: the majority of costs incurred in the expansion would have been capitalised,"

:lol: you are way out of your depth on this if you dont think a capital equipment upgrade on a running plant will be hugely disruptive and costly.

Squirty "From Table 1, in Q2 Bushveld Vametco produced 629mtV and the prod cost was 268.18 ZAR/kgV (268,180 ZAR/mtV)"

This was a jump in production costs of 15.9% over Q1. That looks to be a one off TBH. Production costs are direct costs plus some fixed costs. There would have been fixed costs even when the plant is not operating (e.g. Labour wages). The inefficiencies have been clearly identified and there are multiple reasons:

The shortfall was due to: (a) lower than expected vanadium grades in magnetite from run of mine material, (b) lower produced magnetite volumes during the installation and commissioning of the mill and crusher as part of Phase Two of the expansion project (c) production interruptions due to the unprotected industrial action which took place in June 2018 and (d) lower than expected recoveries across the extraction process.

BMN has said they expect to ramp up easily, and that should mean at 90-95% capacity utilisation, which means some 3050 -3150 mtv for the year. In Q1 they were running at 95% so that allows for some interruptions

for H1
Annual Capacity 3035 mTV Quarterly 758 mTV
Q1 731 mTV = 96% capacity utilisation
Q2 629 mTV = 82%
For H2
Annual capacity 3750
Quarterly Capacity 937.5
Estimated capacity utilisation 85%
Q3 @85%=796mTV
Q4 @85%=796mTV

for the year that is 2952 mTV which is at the upper range of their guidance . There is no planned production downtime for this period. Maybe they are expecting a slow ramp-up

OK , thats fine.

In that case TPT will describe the strategy for going forward. She is still working on it

yes I am missing something. Pg10 and pg11 were newly drilled wells. the other wells are old Soviet era ones