Civitas Social Housing Share Discussion Threads

[tomboyb] 21/6/2012 10:32

CSH - Looks like the nearest term cashflow from Tungsten tailing versus its peers -

China Stockpiling?




China considers adding metals to stockpile plan: sources
WEDNESDAY, 20 JUNE 2012 15:55


HONG KONG: China's state economic planner is considering ways to reshape the country's programme of stockpiling strategic materials and could include metals such as rare earths, tungsten, indium, molybdenum and tin, two sources with knowledge of the plan said.

[tomboyb] 19/6/2012 11:33

Front page - Moneyweek



The rare metal that's got Warren Buffett excited

By Associate Editor David Stevenson Jun 19, 2012

[tomboyb] 18/6/2012 13:21

Investing in Tungsten: The Little-Known Metal That's Quietly Running the World
June 17th, 2012

A little-discussed metal called tungsten is set to become one of the most sought-after commodities on Wall Street.

[tomboyb] 18/6/2012 13:19

Vector -

Portugal payments = AGM approval coming up. Will def be approved so BOD will hold 575 total equity. La Parilla Option mine will be paid via a placing at much levels than today providing they can prove up the resource -

So far - Pretty much excellent on the grades on 2 holes drilled - almost 10 x what was expected.

[vector5] 15/6/2012 16:32

Am I correct in saying the Portugal £1m payment is yet to be made? The Spain £1m has already been paid with further payments if they buy the tungsten mine outright ? Just started looking at this one so would appritiate these two answered as I'm a bit unclear.

[tomboyb] 14/6/2012 13:44

I will add to that WLFE + ORM (Mixture of mining metals)

[tomboyb] 14/6/2012 13:41

i reckon - If all accordingly tungsten could be one of the plays of this year for REMs - There are not many on AIM and CSH + Thr look like the primary focus is simply on the metal itself -

[lucky_punter] 12/6/2012 15:43

corporate presentation trumpets the company's "new focus on tungsten".
It sets out a compelling story: low capital cost, high return, and a short time-line to cash-generative production.

[tomboyb] 12/6/2012 14:10

If u look at the stats -

LP - Tailings = 28MTU Tungsten - 26 Tonnes SN

LP - la Parillia = Potentially world class high grade asset

36mill tonne resources (maybe upgraded) - 0.97% for two holes. I expect that to come down from that level but we will have to wait and see.

[tomboyb] 12/6/2012 13:32

Well - Don miller of the market oracle had some words -


"Although he says he doesn't want to own gold, the world's most famous investor has taken a shine to what may be the most precious metal of the 21st century - tungsten."

Thats a pretty bold statement

[koorb] 12/6/2012 13:29

The assays on the third hole could come along this week. If the results are as good as the first two, it should help make the story more compelling. It looks like the PR machine is starting to get into gear - hopefully a sign of increasing confidence.

[tomboyb] 12/6/2012 13:11

And very much a shortage of Tungsten deposits around the globe - Lets see how CSH or "w resources" will fare - imho i reckon the timing may just well be right here.

[koorb] 12/6/2012 13:08

JV and off-take interest sounds good and a nice finish to the article - "With the growth in the resource and the development of the mine I would be surprised if we didn't head for a very, very significantly larger market capitalisation."

[tomboyb] 12/6/2012 13:07

up 9% - If they can prove up those resources , then there is significant upside here - Certainly in the austere climate, which its shortages can make it a compelling story so far.

[tomboyb] 12/6/2012 11:58

Good procative article -

La Parrilla -

They have revealed tungsten trioxide grades in the order of 0.97 per cent, or more than 10 times the grades encountered in the mine proper.

This suggests there is headroom to significantly improve upon the current 36 million tonne resource at La Parrilla, which was successfully mined during the 1970s and 80s.

Iberian Resources Portugal

It acquired Iberian Resources Portugal, which owns the Régua tungsten permit with a an existing JORC resource of 3.4 million tonnes grading 0.37 per cent tungsten trioxide.
As part of the deal it also picked up the Tarouca exploration licence, which includes the former Tarouca tungsten mine, and the Portalegre gold exploration licence.
The fundamentals for producers couldn't be much better

[tomboyb] 12/6/2012 11:54

New Proactive article on CSH -



Caspian Holdings looks to tungsten potential of La Parrilla project
11:19 am by Ian Lyall The company's main focus is the La Parrilla, in central Spain
Caspian Holdings' (LON:CSH) corporate presentation trumpets the company's "new focus on tungsten".
It sets out a compelling story: low capital cost, high return, and a short time-line to cash-generative production.
The company's main focus is the La Parrilla, in central Spain, although it recently acquired highly promising assets across the border in Portugal.
La Parilla comes in two parts (initial tailings production, followed by full mine development), which will be achieved in three phases.
The initial stage - drilling of the western extension of La Parrilla - is already underway. Assay results from two of the five holes from the 1,500 metre programme have been hugely encouraging.
They have revealed tungsten trioxide grades in the order of 0.97 per cent, or more than 10 times the grades encountered in the mine proper.
This suggests there is headroom to significantly improve upon the current 36 million tonne resource at La Parrilla, which was successfully mined during the 1970s and 80s.
Followers of the small-cap sector will recognise Caspian Holdings as an oil and gas firm whose assets were expropriated by the Kazakhstan government.
"We listed in 2004 and were very successful for the first couple of years," explained chief executive Michael Masterman said.
"Then in 2008 we hit a brick wall as the Kazakhstan government got expropriative. That was a painful process."
It still has a small oil investment in Kentucky. However, tungsten will be the focus from here on in, and to reflect this fact the firm plans a change of name to W Resources Plc (W being the symbol for the metal as it appears on the periodic table).
A look at the management biographies reveals the team running Caspian has as much experience in mining as it does oil and gas.
Masterman, for instance, was the chief financial officer of Anaconda Nickel, and the founding shareholder of Fortescue Metals, while Fernando De La Fuente, head of operations, worked with Rio Tinto and Anglo American.
The US$1 million, all-share deal to acquire the La Parrilla tailings was unveiled at the end of last year. The group must pay a further €1 million to exercise the option to buy the mine proper.
This it is likely to do in the first quarter of next year, according to Masterman.
In the meantime the focus is on the drilling campaign, the remaining assay results and a resource upgrade, which is expected around October. Caspian is also planning to compile a scoping study for La Parrilla.
"We still have to put it all together for continuity, but it looks like for a limited capital outlay, the drill programme has the potential to double the size of the resource and also lift the grades," Masterman said.
Before the main mine goes into production (this is planned for 2014/15), the tailings provide a significant opportunity for early cashflow in return for around €1.2 million-worth of capital expenditure.
There are some 1.2 million cubic metres tailings. A total of 330,000 tonnes of tailings will be processed each year for the next three generating 28,000 metric tonne units of tungsten and 26 tonnes of tin.
At today's prices the output from La Parrilla would generate around €7 million a year in revenue.
"The nice thing about the tailings is of course it is mined," said Masterman.
"We have done the metallurgical testing on it and we have good separation. And compared with many of the other tungsten plays we can move into production very quickly with limited capital."
The cashflow from the tailings can realistically be invested into the mine proper, which analysts estimate will cost as little as US$20 million to develop.
"There is joint venture interest to finance the mine and off-take interest from metal alloy businesses that desperately short of tungsten," said Masterman.
"We just have to find the right balance between company growth and funding."
Last week the group sealed an €1 million all share deal to broaden its geographic spread, while keeping the focus tightly on tungsten.
It acquired Iberian Resources Portugal, which owns the Régua tungsten permit with a an existing JORC resource of 3.4 million tonnes grading 0.37 per cent tungsten trioxide.
As part of the deal it also picked up the Tarouca exploration licence, which includes the former Tarouca tungsten mine, and the Portalegre gold exploration licence.
The fundamentals for producers couldn't be much better. Supply is tight and there are no satisfactory substitutes for tungsten, due to its strength and resistance to heat.
China dominates the supply of this strategic metal and is currently diverting much of its production towards domestic users.
This tightening of supply allied to an increase in demand suggests there will be a world tungsten deficit this year.
So Caspian is sailing into a perfect storm. It has the right combination of near-term production and blue-sky, and in the La Parrilla mine a potentially world class high grade asset.
However, the group will require a leg up financially at some point. Proving the worth of La Parrilla ought to ensure the cash call is done at a significantly higher and less dilutive price.
"What we want to do is demonstrate to the market that there is a very large, high grade development here," said Masterman.
"We want to demonstrate to the market that there is revenue and cashflow from the tailings.
"With the growth in the resource and the development of the mine I would be surprised if we didn't head for a very, very significantly larger market capitalisation."

[tomboyb] 12/6/2012 10:37

Although he says he doesn't want to own gold, the world's most famous investor has taken a shine to what may be the most precious metal of the 21st century - tungsten.

Bold statement -

[tomboyb] 08/6/2012 08:14

Morning -

Anything outside of China - spot prices have actually risen for Tungsten and probably expect to stay at those levels.