Ferro-alloy Resources Share Discussion Threads

[zengtheparty] 01/12/2021 19:51

Multiple pounds from here - we wait, just buy, sit back and see 10 times this in the next 6 months

[zengtheparty] 01/12/2021 19:47

Ready to role out

[cyberbub] 01/12/2021 10:45

PS in terms of "too good to be true", I can understand why people might think that, as you say such oppos usually turn out to be frauds. But I don't think Sir Mick would have invested millions (with a promise of many more) on anything that had the slightest risk of fraud...

[cyberbub] 01/12/2021 10:43

No Thomas, you're not missing anything, the opportunity is astounding...There is still risk here of course, political risk (medium-low I would say, Kaz is no longer the Wild East), financing risk (very low if the BFS fully verifies the outstanding economics!), and execution risk to build the mine (medium-low IMO given Mick Davies is on board, a relatively simple mine design, and low-risk surface outcropping of the mineral).So IMHO the risk/reward ratio is very low... Only patience needed.. hence why I'm still holding! GLA no advice intended

[thomas11] 01/12/2021 10:23

Given the direction from NB that this could be a mine without Vanadium and previous claims production of Vanadium would be zero cost due to bi-product credits. Then the stated 22400 tonnes pa Vanadium pentoxide production equates to 49.38 million pounds. @ a price of $8 per pound gives a whooping $395 million free cash flow per year.

Am I missing something, this looks too good to be true !! Which means it usually is.

[thomas11] 30/11/2021 11:28

Interesting, that the bi-products are now worth so much “this could be a valid mine without the Vanadium” That is an amazing statement.

[cyberbub] 29/11/2021 08:03

As I predicted, an RNS saying that drilling has commenced - good news. Based on some of the dates they've stated, I am hopeful that the Q4 2022 might be beaten...The initial 'validation' testing of their process in Canada has also come back positive - another good sign.GLA

[cyberbub] 24/11/2021 17:21

To be fair, those may be famous last words, we all know what madness occurs in the stock market... Sigh...GLA LTHs

[cyberbub] 23/11/2021 15:55

10p seems out of the question IMO. The company was a high risk punt at a small market cap at 10p. Now we have cash in the bank, a small operation paying the company's bills, and most importantly the backing of (and chairmanship by) a highly credible and well funded global investor.The company should be worth 15p on the basis of just the small existing operation IMO.The delay in the BFS is a bit disappointing so I suppose a fallback is not surprising, but I'm not planning on selling until this comes into production so it doesn't trouble me.GLA

[cool hand kev] 23/11/2021 13:48

I was thinking that too :-(

[ukgeorge] 23/11/2021 13:12

be back to 10p soon ffs

[cyberbub] 16/11/2021 16:30

Nice 275k buy gone through... Seems to be support at these levels - for now anyway....!

[pecuniarum copia] 10/11/2021 17:12

10/11/2021
RNS: First sale of ferro-molybdenum and completion of testing of ferro-vanadium

...As announced on 22 September 2021, the Company had started conversion of its calcium molybdate product into the higher value ferro-molybdenum. FAR are now pleased to announce that the first commercial contract for sale has been signed.

[hari] 09/11/2021 17:17

"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?"

zb27, not like you to be negative, you have been the resident bull for months

Woken up to what other ppl have beens saying?