Civitas Social Housing Share Discussion Threads

[double6] 16/1/2012 12:49

Companies with massive resources....

SRO Spitfire Oil - capped at £2.6mln

Massive Lignite reserves

Neighbouring company had big offer recently for their resources.

Plus .... they have £5mln CASH in the bank!!!

[tomboyb] 16/1/2012 12:33

245k Taken at a premium -

100K available at 0.40p -

[tomboyb] 16/1/2012 12:14

Make 100k at 0.38p at Full quote!

[tomboyb] 16/1/2012 12:07

Afternoon chaps - MMs giving 150k Max at 0.38p full quote - looks like the shake did not work -

[tomboyb] 15/1/2012 18:31

They still have their Kentucky oil assets as well as the ongoing litigation for the Zhengeldy oil and gas field in Khaz ( although that looks a complete write off - still awaiting news)

With Tungsten prices likly to stay high - CSH are moving quickly for the drill bit and their Tungsten mine could be their project - It is looking likely and i hold a few -

[stefield] 15/1/2012 00:45

thought this was an oil co. ?
they didnt know anything about that so have moved on to tungsten ?
only a mug would invest here.

[tomboyb] 14/1/2012 20:01

By Liezel Hill - Jan 13, 2012 9:39 PM GMT

Tungsten to Stay Over $40,000 Amid Tight Supply, Malaga Says

Tungsten will probably stay above $40,000 a metric ton this year, as China, the biggest producer, continues to curb exports, according to Malaga Inc. (MLG)

There's no significant new supply expected outside of China for the next two to three years, Monet said. "The market is really, really tight."

[jojo_jo] 14/1/2012 00:11

I'm not one of them by the way and I've done a fair bit of research on this thread. I usually hold for 6 months - 2 years and (unfortunately) haven't built a good size stake here yet, so I personally would be happy to see a bit of a retrace. I'll take a shed-load if it falls back anywhere near 0.25p

I certainly regard this as a very good 2/3 year play, with a great forward p/e.

Anyone who buys shares without doing their own research (or verifying others) is a fool. Good luck to any momentum day-traders who can eke out a profit on AIM microcap spreads!

IMPO/DYOR.

[domtheone] 13/1/2012 18:55

Oh dear. Has MM created a few aliases on this thread....


Wonder how many more suckers have been caught out with this latest pump and dump.

New lows soon..

[tomboyb] 13/1/2012 15:22

Indeed - these news snippets are actually quite good -

On Wednesday, Caspian Holdings (up 3 per cent today, at 0.34p), a microcap oil and gas firm that has diversified into mining, told investors that drilling had begun at the La Parrilla tungsten mine in Spain. This comes after the firm acquire the mine in December as it took control of Iberian Resources Spain.
Drilling will target higher grade intersections in the edge of the historically defined ore body. Caspian says the old mine has an estimated resource of 36 million tonnes, at a grade of 0.09 per cent tungsten oxide, which makes it one of the largest tungsten deposits in the western world.


Read more:

[jojo_jo] 13/1/2012 15:15

Looks like we're at a 6 month high now.

[tomboyb] 13/1/2012 14:43

Not to make comparisons but CSH reminds me of an early BMR - which was effectively at the same levels as today CSH - There are a few other Tungsten plays noteably WLFE + thr as well as ORM -

[tomboyb] 13/1/2012 14:28

If china restrict REM exports then expect higher prices in 2012 as there is no additional production worldwide - The thing is BOD hold most equity so the value is in the equity - and they will make the equity work for them -

[abbey8] 13/1/2012 12:18

Thank you .

[tomboyb] 13/1/2012 11:14

Abbey they may need another small placing - but looking at the last one the dirs have taken the cheap placing - none to PIs.

[abbey8] 13/1/2012 10:41

So revenue not till 2014 at least , would they still need cash ?

[jojo_jo] 13/1/2012 09:14

Carbide Tungsten Ltd 'anticipated production from the tailings will be 50 tonnes of WO3 per month (5,000 metric tonne units or mtu's per month)'. I guess Caspian's should be about the same in respect of the tailings. This equates to $2.2m/month of 'high margin' revenue per month from the tailings alone.
DYOR.
IMPO.
Jo.

[tomboyb] 13/1/2012 08:56

A slow climb to 1p and beyound with news of the drilling over the next few months - JoJo i had very similar calculations i.e -


Currently the price is around US$440.00 per MTU.
Using the MTU price I get roughly the same total mine resource value as I got earlier, using $20/lb, of $1.42bn

But i need them checked - other factors need including as well -

[jojo_jo] 12/1/2012 21:08

How tungsten prices are quoted...

A Metric Tonne Unit ("MTU") is equal to ten kilograms per metric tonne and is the standard weight measure of tungsten. Tungsten prices are generally quoted as US dollars per MTU of tungsten trioxide (WO3). Theoretically pure wolframite concentrate can contain 79.3% tungsten metal, but in practice the grade of concentrate products acceptable for sale ranges from about 62% WO3 to about 72% WO3. Saleability of concentrate depends on grade and also the impurities in the concentrate. Tungsten prices are also quoted as US$ per MTU of WO3 in Ammonium Paratungstate ("APT"), which is a downstream secondary product made from wolframite or scheelite concentrates.

Currently the price is around US$440.00 per MTU.
Using the MTU price I get roughly the same total mine resource value as I got earlier, using $20/lb, of $1.42bn. I think both calculations are about right, but I'm not certain. Please correct me if I'm wrong (and DYOR).

IMPO/DYOR.
Jo.

[jojo_jo] 12/1/2012 20:48

Most of the equipment for the Aussie Mt.Carbide tailings re-processing plant cost them $65ok, but I understand it is mostly pre-used and is to be re-conditioned. I guess the Spanish plant could be sourced for a similar price, used, or as much as double newly commissioned. They may be able to arrange some kind of asset finance for new project, but realistically could tap investors for most of it, perhaps £600k - £900k.

Caspian's tailings project (and subsequent mine project) is quite similar in size and quality to the Icon's Mt.Carbide project in Australia...

Icon plans to be a pre-eminent Australian tungsten producer, with production at the historic Mt Carbine tungsten mine in North Queensland set to re-commence this year (2011). The grade of the product will depend on customer preference, but it is anticipated production from the tailings will be 50 tonnes of WO3 per month (5,000 metric tonne units or mtu's per month). Mt Carbine was discovered at the end of the 19th Century, and was a major tungsten producer in the past. The deposit is still relatively unexplored and there is considerable exploration potential for new tungsten mineralisation in the Mining Leases and Icon's surrounding exploration tenements. When it last operated between 1973 and 1987, the Mt Carbine mine produced exceptionally high grade concentrate, and was in the lowest quartile of cost of production for global tungsten producers.

Resource:
The Mt Carbine tungsten mineralisation is similar to several other large tungsten deposits around the world, for example some of the deposits in southern China, Spain and southern UK, in that it is low grade (the grade of the inferred hard-rock resource at Mt Carbine is 0.14%WO3 at a cut-off of 0.05% WO3, and comparable with other large tungsten deposits of a similar geological style).
The hard rock mineralisation is open at depth and to the north of the present resource; historic workings persist for several hundred metres north of the northern-most exploration drill hole. Although it is low grade, the Mt Carbine mineralisation is very amenable to ore sorting, a pre-concentration process which retrieves a small tonneage of high grade mill feed from a large tonneage of low grade ore, at low cost and with minimal loss of valuable mineral.

Geology/Geophysics:
Mt Carbine was discovered at the end of the 19th Century, and was a major tungsten producer in the past. The deposit is still relatively unexplored and there is considerable exploration potential for new tungsten mineralisation in the Mining Leases and Icon's surrounding exploration tenements. The present Mining Leases contain tailings dams (~ 2million tonnes at 0.1% WO3), a low grade mineralisation stockpile (historical records indicate ~12 million tonnes, which from Icon's recent bulk sampling has a grade of 0.075% WO3), and ~ 6 million tonnes of mineralised ore sorting rejects.
Icon completed its first drilling program and resampling of historic drill core Mt Carbine in 2010, resulting in the announcement of a maiden JORC compliant inferred resource estimate of 39 million tonnes of hard-rock mineralisation at a grade of 0.14% WO3 at a cut-off of 0.05% WO3, adjacent to the existing open pit.

Forward Program:
Ore sorting was successfully used at Mt Carbine between 1973 and 1986, however there have been major advances in the type and efficiency of ore sorters since they were last used at Mt Carbine. During late 2010, Icon carried out trials using a state-of-the-art transmission X-Ray ore sorter on bulk samples taken from the ~12 million tonne low grade stockpile left untreated by the previous mining operation. The results were highly encouraging, with the sorting achieving a conservative upgrade of more than 8 times the bulk sample grade.
The results are regarded as a "game changer" for the redevelopment of Mt Carbine. Following on from the tailings re-treatment, Icon is now planning to re-treat the low grade stockpile over a period of 4-6 years at a production rate of ~100 tonnes WO3 per month, before it commences hard rock mining.

The dramatic reduction of the amount of rock to be milled for final product results in major reductions in capital expenditure (the mill is much smaller) and operating costs per unit of product. The net result is that the Mt Carbine project now has a long project life and a much reduced project risk.

---------------------

Quite a read I'm afraid, but worth it IMPO.

For the record Carbine Tungsten Ltd, Australia (formerly Icon) has a market capitalisation of around £15m, with a similar/smaller reserves total. It also progressed to near production quickly, within about 6 months according to my research. Please DYOR of course.
Jo.

[tomboyb] 12/1/2012 17:58

they've just had a small placement - mainly dir based

New news today -



2011 Tungsten Market Trends and 2012 Market Outlook
Email Print Reproduction
Thu, Jan 12, 2012

In the first half of last year, tungsten prices continued the strong upward trend witnessed throughout 2010. That momentum was not present at the dawn of 2012 and has yet to be regained. The market is quiet and prices are softening. Although tungsten prices are still well above the levels seen in January of 2011, producers, consumers, and investors will likely be watching developments in global economic conditions

Tungsten is widely recognized as a scarce, critical, and strategic metal and industry players tend to agree that prices are now mostly influenced by these fundamentals.

The UK, for example, placed tungsten near the top of its supply risk list for 2011.

[abbey8] 12/1/2012 16:34

Do they need cash in the near future? would that effect the share price?