Bellzone Mining Share Discussion Threads

[wfl1970] 08/6/2017 16:39

Patience DT...!

[glenkaz] 08/6/2017 16:02

F me been out and missed it! Might have a dabble tomorow looks like a run to 5p poss!

[letmepass] 08/6/2017 15:26

Smashed the 1p onwards tomorrow

[andymunchkin] 08/6/2017 15:07

lookup utool its goin doon

[letmepass] 08/6/2017 15:07

If it finishes below 1p I might agree with you

[letmepass] 08/6/2017 15:04

Really.. What a fool you are... Up 250 % today consolidated above 1p.. Hopefully.. Next step 2p

[andymunchkin] 08/6/2017 14:54

miakasoor pump & co hav beenere

[andymunchkin] 08/6/2017 14:53

redingthe debt

[letmepass] 08/6/2017 14:53

Not sure he finished high school.. Read the RNS

[letmepass] 08/6/2017 14:52

Any the idiot is back.. Hahaha

[andymunchkin] 08/6/2017 14:51

allthe usual rampingbufoons

[andymunchkin] 08/6/2017 14:50

waspumped now beingdumped

[letmepass] 08/6/2017 13:58

Bid rising is this the next wave

[donald tramp] 08/6/2017 13:52

Just 13p to go till I'm break even :)

[letmepass] 08/6/2017 13:50

Big bounce of 1p

[wisteria2] 08/6/2017 13:42

Well done barnetpeter,nout wrong with taking a profit!! sold some of mine but still got skin in the game!! gla

[letmepass] 08/6/2017 13:34

Quiet lunch wait... Moving up 2p

[stealive] 08/6/2017 13:30

DRG expecting news 169 million shares in issue whoosh

[barnetpeter] 08/6/2017 13:16

Well it's been good to me on many spikes but it does have a lot of debt and no cash. Not putting anyone off as when this spikes then bang!!! It could easily continue tomorrow to over 2 pence..,,but I have made enough on this today from my .2 buy and a couple of trades today. Watching carefullynow....

[h2owater] 08/6/2017 12:57

Back before Ebola:2013

Bellzone upgraded by Investec
17th September 2013, 09:48

Investec has upgraded its recommendation on Bellzone Mining [LON:BZM] to ‘buy’ from ‘hold’ on the back of the company’s recently completed independent Bankable Feasibility Study (BFS) on the KP1 iron ore operation in the Republic of Guinea.

The study suggests an internal rate of return (IRR) of 37.5 per cent and net present value (NPV) of US$1,387 million, based on CFR fines price of US$127.7/t assuming shipping cost of $20/t.

The broker has almost doubled its price, which now stands at 10 pence per share (previously 5.09 pence).

However, the broker is keen to point out that the next challenge, as with all development projects in the current economic climate, will be securing the necessary finances to actually construct the Kalia KP1 project.

“New management at Bellzone has introduced a strong emphasis on technical rigour and this shows through in the quality of the bankable feasibility study (BFS) recently completed on Kalia’s oxide resources,†the broker said in a note to clients.

“The BFS on Kalia’s oxide resources (termed KP1) outlines a 10yr, 7mtpa (dry) iron ore operation producing a 58% Fe material from the oxide resource base, at cash costs just short of $35/t (FOB), which potentially makes it a serious junior iron ore player.â€

At 9:44am: Bellzone Mining share price was up 0.13 pence at 4.15 pence.

[fund1] 08/6/2017 12:49

2.75 tomorrow

[h2owater] 08/6/2017 12:35

The globally significant JORC-compliant Resources defined at Kalia are supported by more than 274,000m of drilling and in excess of 80,000 assay samples. The iron ore resources consist of four distinct mineral types which are direct shipping ore (DSO), oxide, supergene banded iron formation (SBIF) and magnetite (including BIF and magnetite schist). The oxide material is formed in horizontal layers with the DSO at or near surface. The DSO overlies the oxide that, in turn, covers the SBIF that sits above the near-vertical magnetite zones, which are separated by low-grade magnetite schist.

Kalia's total higher-grade JORC oxide resources now stand at 124.2Mt at a grade of 53.5% Fe (cut-off at 48% Fe) within a larger oxide and SBIF JORC resource of 913.2Mt @ 36.3% Fe. The 4.72 billion tonnes per the JORC resource for the magnetite has a grade of 29.3% Fe and test work demonstrates the production of a high-grade iron ore product from this material with a relatively low work index.

[aussieb3] 08/6/2017 12:22

It is brilliant prospect long term but short term who know cant see 500 percent rise today

[highly geared] 08/6/2017 12:20

The Kalia deposit is huge IIRC at around 4 billion tonnes FEO2. Fair value of the Ferrochrome proposal way above current levels if they can secure development finance. If core iron ore prices recover in time toward $100/ tonne and Guinea get the rail/ road network BZM will be back in play at multiples of the current price.
It remains a survival scenario but with monster assets.

[aussieb3] 08/6/2017 12:17

Don't talk rubbish that be market cap over 35 million there company out making money established only with market caps like that.