Alba Mineral Resources Share Discussion Threads

[abeygale] 17/11/2017 10:03

ALBA was always the better choice out of all the welders.

[25wbh] 17/11/2017 08:12

unfortunately ,yes, but its way over the top, should be back up more throughout the day

[7767] 17/11/2017 08:07

Why the drop on Alba this morning, is it to do with Angus??

[25wbh] 17/11/2017 08:04

Alba drop is a buying opportunity ,the initial drop is way over the top

[moneymunch] 17/11/2017 07:26

Not good for Angus's Great Oolite, although they reckon there might be a hole in their tubing.....and not Kimmeridge related. Gla ;-)

Angus The Company is investigating the new geological and borehole information to update its understanding of the reservoir. In addition, the Company is currently examining evidence that suggests a partial flow reduction is the result of a hole in the production tubing, therefore not allowing the well to be fully drawn down. The Company is conducting further analysis and if confirmed, the Company will undertake operations to repair the tubing which will allow maximum draw from the reservoir. This is the priority for the Company over the coming weeks.

[moneymunch] 17/11/2017 06:59

ps News expected imminently from Angus at Lidsey...they're hoping to put their Great Oolite interval into production , but were also encouraged by the drill data from their Kimmeridge interval , which is pretty much at the edge of the Weald Kimmeridge oil basin....and so any positive data will undoubtedly sharpen interest and focus on Ukog's Broadford Bridge.....Confirmation of commercial flow at BB will see Alba's share price re-rate significantly with HH and Brockham waiting in the wings..... Gla Holders....the primary targets at BB are a mirror image to HH, including HH's top two limestones that flowed in excess of 1,300bopd.....On and Up!!! ;-)

[moneymunch] 17/11/2017 06:48

Lol cudmore, don't talk wet....Zioc and Ggp both could go up , but unlike Alba they have already multi-bagged......and so never a good idea to buy on the top of a spike, regardless if that spike can go a little bit higher.....best to buy in at the bottom into a share with a bargain low share price and tiny market cap with lots and lots of prospects and potential that could be the next mult-bag......Gl ;-)

[cudmore] 16/11/2017 22:06

Still time to get out of this and stick the whole lot on ZIOC or even GGP! These are the two shares not to be out of tomorrow!!!

[25wbh] 16/11/2017 20:07

backmarker ,ilmenite and graphite are way in the distance.
HH oil is already proven to flow
What has yet to be proved is UKOG oil, whether that is as free flowing in the multi zones they are testing further away from HH. From my assumption is that the upper layers near HH that are similar to HH but deeper depths don't flow as well.we just have to wait for the test results
MM is the peason to answear your questions

I am confident that HH will generate profit from its own land just from what we know already .B

[backmarker] 16/11/2017 19:45

25wbh,

I hope you are right, but I remain to be convinced about the oil.

regarding ilmenite and graphite I feel much more confident.

I am only surprised that today's RNS didn't provide a greater impact on the share price

bwtfdik.

[25wbh] 16/11/2017 16:27

Don't think its ever in doubt that the oil at HH wont run freely
It did before so should do so again

[moneymunch] 16/11/2017 15:51

That's not the full story dreamtwister.....they tested the bottom of the Kimmeridge oil play, which was predominantly shale and a very thin limestone strata, and so no natural flow to the surface, Ukog are now testing the next interval up, KL2, before they get to the primary zones that are a mirror image of Horse Hill that flowed in excess of 1,300bopd....the higher they go in the oil play, the higher the pressure, oil flowed freely to the surface during drilling and so every chance it will flow freely from the primary target zones during flow tests....if commercial flow is confirmed it will be a game changer and the upside will be transformational. Gl.;-)

[moneymunch] 16/11/2017 15:42

ON TODAY’S PODCAST: 
Alba Mineral Resources #ALBA

[dreamtwister] 16/11/2017 15:39

life support will be needed if they can not pump the oil,it seems that they drilled deep but the oil is tight & will knead fracking which is a NO NO unless goverment approval,the next rns will have to be worded very carefully.

[elcapital2017] 16/11/2017 13:33

moneymunch..........lying piece of shot and paid ramper. BUYER BEWARE

I am definitely thinking that death spiral financing will be used here too......NOt good

[dreamtwister] 16/11/2017 13:07

with reflection to g/l scan this link from blue jay, will give you expectations for alba

[25wbh] 16/11/2017 13:06

copied from the Blujay site,an interesting read
Company News
BlueJay Mining* (LON:JAY) 24.5p, Mkt Cap £189m – Valuation upgrade to NPV >$400m on future expansion and higher ilmenite pricing
BlueJay included in MSCI index today
STRONG BUY
(Target Price raised to 37p from 24p)
Click here for full note
• BlueJay are making good progress towards the start of production next year.
• Valuation: we are raising our NPV valuation to 37p/s today in response to the high grade and purity levels of BlueJay’s ilmenite concentrate product.
• Production: While BlueJay plans to start production next year we assume sales start in 2020. We escalate the mining rate from 1mtpa in 2020 to 2mt in 2021, 3mt in 2022. We then see a further jump in production to 5.5mtpa from 2026.
• Capex: we assume a $60m capital cost to start followed by a further $100m for the second phase expansion. We assume a 10% discount rate by way of standardisation. The project gives a 43% IRR on these metrics.
• Pricing: We assume BlueJay could receive $200/t for its product, up from $180/t previously though management reckon they will get higher price levels.
• Upgrading: we have also assumed the upgrading of material at the first sieve to 18.5%. This has the double benefit of raising the input feedstock grade reducing costs and improving throughput rates.
• Feasibility Study: A number of consultants are working on more detailed plans for the process plant and related infrastructure.
• Costs: we assume relatively high mining, processing and loading costs for a dredging operation given its location in the north of Greenland. These costs should come down as the operation proves itself. We assume $3.25/t for mining, $5.0/t for processing and $4.5/t for loading. The loading cost is particularly high given that it should simply require a longish conveyor belt to reach a ship parked in the Fjord, though it should cover the use of a tug boat to manage passing ice bergs.
• Offtake: management are in Hong Kong presenting at the ‘TZMI’ Titanium and Zircon Congress for mineral sands producers. We expect discussions to continue on offtake with Chinese producers and assume 60% of BlueJay’s Ilmenite concentrate may be sold in China with the rest to be sold in the West.
• TZMI conference: BlueJay presented at the major Titanium industry ‘TZMI’ conference in Hong Kong yesterday.
• Price view: Feedback from the conference is that titanium feedstock supply is much tighter than previously thought indicating that prices are expected to rise strongly over the next three years with a major supply constraint 18 months out.
• MSCI Index: BlueJay are to be included in the MSCI World Micro Caps, effective 30 November 2017.

Conclusion: BlueJay is fortunate to have discovered the World’s largest, known, high-grade, ilmenite mineral resource. The sheer scale and consistency of the high-grade mineralisation is extraordinary and while the location in Greenland presents some challenges these appear relatively easy to overcome from an engineering and production perspective.
*SP Angel act as nomad and broker to BlueJay Mining. An share price Angel Mining analyst has visited the Dundas (formerly Pituffik) ilmenite sands project in Greenland.