Ferro-alloy Resources Share Discussion Threads

[cyberbub] 15/1/2021 14:02

My interpretation is that it will be only for the 1500t/day plant, to provide for stable power. However making the initial connection will still make it easier to upgrade later. They will probably install cabling sufficient for the upgrade now, but a smaller-sized substation on site. But this is only my guess.

[orm5] 15/1/2021 13:49

Should be due an update on the new power supply connection as well at some point. That had previously been delayed from early 2020.Does anyone know if the new power supply capacity is just for the initial phase of 1,500t/ year or has the capacity for the planned expansion ?

[jailbird] 15/1/2021 13:43

Thks Myself and couple of others never received a reply back before So interesting to see this time I will avoid questions that he may not be able to answer but I know the drill A reply is the first tick

[cyberbub] 15/1/2021 13:40

I just emailed the address on the website. Simple... Feel free to do the same, but bear in mind that people don't usually respond well to pushiness...

[rmart] 15/1/2021 13:31

If cyber has a contact maybe you could ask him if he would be happy to do a q and a via the website?

[jailbird] 15/1/2021 13:27

I have genuine questions I want to ask him which I will share here So share the email address please Thanks

[jailbird] 15/1/2021 13:26

That was to Cyber

[jailbird] 15/1/2021 13:26

Not moaningI have followed this for 4 years in the hope it may come good , but has made no progress moved on the Bala project .. FFS raise the cash and do the BFS !The pilot plant is a distraction and waste of time now. It does not even pay their wages . Please share the email you are usung . I do not know anyone he has ever replied to who have tried many times .

[jailbird] 15/1/2021 13:16

That is nonsense cyber He can say for example end of this year as an example He said it would be November /December last year

[jailbird] 15/1/2021 13:14

You are going over old ground but still Remember Bala BFS is only for first phase mine .. if all goes well then few years later phase 2 can start You need to adjust those figures Also do you have the email to contact NB. I like put a few questions to him

[cyberbub] 15/1/2021 13:12

He can't tell me when the BFS is due FFS - that's price sensitive info! Surely you must realise that with 18 years on ADVFN? He's made a public statement of up to 6 months, back in October. He can't tell private investors that info without making a public statement or RNS...

[cyberbub] 15/1/2021 13:09

Rmart yes, 15-20p is a reasonable first target IMO, in the run-up to the BFS release, in perhaps a month or two max. If the BFS confirms the economics of the Bal. project then I would hope to be much higher. Typically pre-funding miners are valued at 20-25% of their NPV, which for FAR is $2bn - so 20% is $400M = £300M or about 90p... Add in a substantial risk discount, say 50p?NAI

[jailbird] 15/1/2021 13:07

If he gets back to you sharpish with an answer , I will be impressed Co still needs $3-4m for all the ramp up of pilot plant and BFS

[jailbird] 15/1/2021 13:05

First I have heard of that But since you have , ask him When BFS will be completed and how will he fund it .?That is all I need to know

[cyberbub] 15/1/2021 13:01

I contacted the company about my query on the 'zero' cutoff grade in the resources. Nick Bridgen himself got back to me impressively quickly, he agreed that I can put his response below:

"The reason for the zero cut-off grade is that the boundary is geologically determined, not grade determined. The ore is a different type of material from the waste and the contour can be seen visually in the cores and in mining. At any reasonable cut-off grade the contours of the ore bodies would be the same. Actually, it is geologist’s shorthand to say the cut-off is zero, as there is a low grade of vanadium in the surrounding waste which of course is not regarded as ore."

Always encouraging when companies get back to investors - many don't bother.

[cyberbub] 15/1/2021 12:59

"This is why it is priced at 10p at present .".... therein lies the opportunity!

[jailbird] 15/1/2021 12:45

That has been known for years The BFS is the only study that will unlock the real value here This is why it is priced at 10p at present .Btw Have never joined Twitter

[cyberbub] 15/1/2021 12:39

Jailbird are you that guy in twitter who keeps endlessly repeating about no BFS? You've made your point mate. The formal BFS will be here soon. Meanwhile others like me have been reading the CPR on the website which is actually very detailed and signed off by an accredited western CP.

[jailbird] 15/1/2021 12:34

No BFS , no mine I need to see the BFS started to completion No cash to complete it

[rmart] 15/1/2021 12:18

there will be a run of news up to march imo and the share price will be in the 20's to make it easy for him.

[cyberbub] 15/1/2021 11:17

PS I would add that the insti seem to manage to dump 25M shares without crashing the share price So consider a scenario where NB decides to raise £1M ("partial payment" as per the RNS) towards his £3M divorce settlement in March. If newsflow has continued then by then we could be at 15p+, in which case he only has to sell 6M shares which would be easy enough in the market over a couple of weeks.Or as stated, if newsflow is good and we're at 15p he may be able to sell 20M in a block to an insti or HNW.I don't disagree that there is an 'overhang' on the share at present. But it makes no difference in the medium/long term *if* the company delivers its promise (which is not guaranteed of course).Personally I think we should focus on the mine development and the company's prospects, not the CEO's divorce!

[cyberbub] 15/1/2021 11:06

Yes the last insti sold out in Oct 2020 - it was an American insti, they will have been way underwater on their holding, and IMO they took advantage of a volume increase to dump for 'window dressing' purposes, coming up to the end of their financial year in Dec. That's quite a common practice among US instis.

[jailbird] 15/1/2021 11:03

Still wondering who bought them allA lot of stale holders left holding but there has been no RNS afterwards For that volume would you not expect a holding RNS Very strange

[goodgrief] 15/1/2021 11:02

And so he did...