Ferro-alloy Resources Share Discussion Threads

[cyberbub] 28/9/2021 08:00

We have key milestones - Q4 2022 for the BFS.

[zb27] 28/9/2021 07:34

H2 22! Unfortunately many will sell and come back in 12 months now!which is very poor from management. Without key milestones, most investors will want to find a new home for their money in the interim.what's the reason for this delay?

[cyberbub] 28/9/2021 07:26

Interims out. As expected the numbers from the existing operation are pretty small, as they still didn't have the equipment and the new power line in H1. At least it was slightly profitable at the gross level, and the central admin costs are fairly low at $0.8M per half-year.In H2 2021 the full power line connection will be completed and we should start to see revenues jump significantly!.. and then further when they get the arc furnace in H1 2022.Great news that the drilling campaign will be starting in a few weeks' time, quite a big one too.Good news also that Covid disruption is decreasing and almost gone (for now).All as expected IMO.The only disappointment for me is that the updated BFS is not expected until Q4 2022, it seems to have slipped. Still I suppose a few months is neither here nor there for LTHs, if it leads to a good result.Good luck all.

[cyberbub] 23/9/2021 13:43

Nice 100k buy... there definitely seems to be support around the 30p level the last couple of weeks... Let's hope it lasts...!

[driver101] 22/9/2021 11:16

cyber

Agree all good news today a slow build up to a great company and a multi bagger in the making. A few sellers on news, should be accumulating not selling for the odd few%

[cyberbub] 22/9/2021 11:12

If a product has impurities or waste in it, or is in a different compound to the market standard (eg. calcium molybdenate rather than ferro-molybdenum), then it will sell for a discount to the price for the market-standard (pure or concentrate) product. Removing those impurities will mean it can sell at the full price. Nothing more complicated than that. Seemples!

[cyberbub] 22/9/2021 08:34

They seem to be building up the newsflow in advance of interim results...

The small plant is forecast to be making $10M profit p.a., which is not trivial, and will be seen by lenders as a big positive for risk reduction. $10M p.a. could support $100M borrowing in its own right.

How many other junior miners have an actual substantial income, while they develop their main project?

[cyberbub] 22/9/2021 07:08

Nice RNS - more money to come in from the small plant! The technical skills they have in such a small operation are very impressive, and will stand them in good stead for the main project.I had thought the arc furnace might be commissioned a bit earlier than H1 22, but I suppose that a lot of supply chains are facing disruption these days. Hopefully 'early' H1... HV power confirmed as now connected.

[cyberbub] 20/9/2021 10:46

Looks like possibly just about to make a golden cross on the charts? Touch wood.