Anglesey Mining Share Discussion Threads

[crystball] 13/2/2017 12:41

I wonder why Balkan Zinc have not done their IPO yet?

[crystball] 11/2/2017 16:49

Interesting read about the prospects for base metal prices...

hxxp://www.thehindubusinessline.com/portfolio/is-the-bull-here-to-stay/article9537579.ece

[keya5000] 10/2/2017 13:29

Al

Any other large deposits of valuable metals from old workings that are significant that you are aware of from your 'day job' in the UK?

Zinc in the Penines in Cumbria from memory?

[hyper al] 10/2/2017 13:00

keya5000

That is good to know.

I find planning documents interesting to look at.

The other UK mines I mentioned earlier have tons of interesting documents available online at their local council planning dept websites.

[keya5000] 10/2/2017 12:28

Hyper, I am reliably informed PP does exist and its 'mine ready' post PFS.

[hyper al] 10/2/2017 12:27

Noccer

They did clear the area for the decline and fenced it off, but the decline was stopped. As far as I'm aware no reason was given for this.

[hyper al] 10/2/2017 12:23

crystball

Planning application in place? I don't think so. I did a search some 5 years back and could not find an application. I maybe wrong, but would like to see the planning application number so I can see it with my own eyes and confirm that it exists.

If planning did exist, it probably has lapsed, any evidence of planning in place would be most welcome.

If you are a share holder could you find out what the planning numbers are, so investors can see the current state of planning?

As for the head frame, when was this erected, is it still usable? Does it still have a working winch?

What about enviromental impact study? mine waste water processing? transport policy? noise pollution, ore processing machines etc

I need to make it clear that although I'm not currently a shareholder I am a strong supporter of the mine, I want to see it in production, so much so that I would rather the company would not get sidetracked with overseas projects. I did some geophysics in/over the area in the 1980's and have followed progress or lack of it ever since.

[noccer] 10/2/2017 12:13

Look at the JORC results for the ore bodies, and do some maths. White Rock surely first due to location and zinc over 50% by value, but obviously you would seek to extract all the metals within it. Almost 10 years ago they said this would be easiest to mine via a decline. The ore body comes right up to the surface. Whether this will ever take off I don't know, but recovery in metals prices, closure of several zinc mines, and devaluation of the GBP certainly help make it more likely.

[crystball] 10/2/2017 11:55

I understood that the planning applications are already in place and approved?

The following is an extract from the 2016 annual report by Anglesey Mining.....

The site has a head frame, a 300m deep production shaft and planning permission for operations. The group has freehold ownership of the minerals and surface land. Infrastructure is good, political risk is low and the project has the support of local people and government.
The directors are of the opinion that this project is at an advanced state and the existence of the current JORC resource estimate and the original feasibility study, together with the valid planning permissions, represent a solid base from which to move the project towards production.

So it is ready, steady and potentially go!

[hyper al] 10/2/2017 11:50

crystball

Zinc, as it is at surface and it's extraction should cover the cost of capex to extract it and drive down to the engine zone. The old shaft could be used for ventilation .

[hyper al] 10/2/2017 11:46

keya5000

It's about planning, zinc prices are so volatile, to make the most of a high price you need to be ready to go or even have a stockpile of processed ore ready to go. By the time any new operations start (say 2 years away) the price could be dropping back. Surely getting the Zinc out is about covering the cost of the drive through the white rock to the Engine Zone and all the copper. Was it a Zinc price of $1.3 that allowed this to happen last time? Or maybe the shaft is still an option, but I think that would take a lot more capital to get into a safe working state, far easier to drive in and cover the capital cost by selling white rock.

Wolf Minerals tungsten mine is good example of the problems than can occur hitting the market at the wrong time along with ore processing issues.

A good example of a UK mine starting small and building up production in a controlled manner is Scotgold (SGZ).

Both of the above highlight the problems that occur with planning, even when the local community generally support the application. They are excellent examples of how Anglesey could progress planning.

Anglesey needs to get planning applications in place and approved. I know it had a longterm notice of support from the Council, but did that not have a time limit.

[crystball] 10/2/2017 11:43

Question. Which metal would be easiest to extract first at Parys Mountain?

[calmtrader] 10/2/2017 11:05

keya right..AYM have just been really unlucky in the past with the commodity cycle..this time it looks prefect timing!!..

[keya5000] 10/2/2017 10:59

Hyper, disagree slightly, if zinc was say 70cents it would not even be worthwhile contemplating but if zinc holds an firms around $1.50 it does give them a much stronger bargaining position.

You would think given the existing mine workings a simple plant could be designed that ships the semi-refined material from Holyhead to other facilities to complete the process.

It is not like you need to start from scratch with this.

[hyper al] 10/2/2017 10:54

High Zinc price now is great if we were digging out the white rock, but we are not!

It's no good planning production on the peak metal prices, best planning on the lows. Anyway what happened to the trial drive into the white rock a decade ago, or whenever it was? it just stopped without explanation. Plans were obviously in place then, or were they? You would think they could just start digging considering it was all planned out before. How many times do you need to plan for a mine?

Remember as a strategic UK resource this has higher value now than before the Brexit referendum as importing zinc now costs us 20% more because of weakness in sterling, so it would be worth the UK government giving upto 20% grant on predicted production output. We will need it as we can forget about any funding from the EU now.

[keya5000] 10/2/2017 10:48

Forecasts say its going to $1.50 in 2017.

[crystball] 10/2/2017 10:40

The last time the Zinc price was as high as this was 8-9 years ago!

[keya5000] 10/2/2017 10:34

Zinc above $1.31.

This is what we need.

[wisteria2] 10/2/2017 09:00

Some activity in regards to trading! GLA

[keya5000] 10/2/2017 08:53

He intimated the preferred option after the scoping study publication that a partner to JV with passing on control would be the favoured option. Other options are the obvious debt or raise cash or both.

Obviously nothing new or what we dont know or expect but at last the PFS could be with us shortly.

[crystball] 10/2/2017 08:52

The price of zinc is now the highest it has ever been in the last 5 years. A perfect time to get the scoping report out.

[hyper al] 10/2/2017 08:42

SP breaking out, good for holders. I'm not currently one of them.

[hyper al] 10/2/2017 08:41

I would hope that Bill Hooley and John Kearney would want to see mining started at Parys Mt. before they retire.

Birth years are here

Even the Chief Geologist was born in the 40's

These are obviously all key people with decades of knowledge concerning Parys Mt and the company. Maybe they should recruit a younger member to the board so that this knowledge can be passed across.