Iofina Share Discussion Threads

[serratia] 07/3/2015 21:24

OK try this - Sirocco did 1500 tons in 2013 (?). They were using 100 l/sec. That's 8640 m3 / 24 hr day. So 11,000 m3/d equates to 1900 tpa. $11,000 *1.9 = $20,900/d. 350 d year (?) gives $7.315m. Divide by 1900 tons = $3.85/kg.

[superg1] 07/3/2015 21:02

I was hoping someone else would get the calculator out. :-)

I know Sirocco had about 200 L/S rights but were using 100 L/S.

But using the full SQM amount for 12 hours per day at the $1.90 rate, it's about $16 mill per year or $2 extra per kg.

If you take the one Algorta release they did on costs, then their costs using seawater were much higher than SQM's.

However I suspect Algorta, being a new arrival, included real wages, no bribery to gain cheap leases, and actually paid tax instead of falsifying invoices to get a tax rebate. No theft, false imprisonment and torture either.

So we have to wait for the recent changes to embed to see what the real cost of producing iodine in Chile is.

What Chile should have claimed, was that by any illegal means possible, they are WERE the lowest cost producers of iodine.

[serratia] 07/3/2015 18:37

Anyone know how much water extracts how much Iodine. ie how much effect on the Iodine production cost is the pumped water ?

[superg1] 07/3/2015 17:39

What kind fellows. Not a water dragon but a potash dragon.

Potash dragon have kindly completed a feasibility study to get seawater to a location right next to where the SQM main iodine mine is.

So rather than wonder what it costs, they have spelt it out, the report is in US dollars. They quote capital costs for pipelines as $1 mill per 1 L/S. I'd put it at half that compared to what SQM and Sirocco said, although they did do their figures a few years back.

In the area between Tocapilla and Puerto Patache PDI has
calculated that it would cost $1.9/m³ to pump sea water 30km
inland with a lift of ~900 m over the Cordillera de la Costa. The
major operating cost incurred is diesel generated electrical
power. Sufficient grid power is not available in this region and
if it were, this operating cost would reduce to $0.6/m³. The
capital depreciation of the pumping and piping infrastuture
over a 5 year period adds a further $0.8/m³ setting an owner
operated current cost of $2.5/m³ to supply water into the
Pampa del Tamarugal region.

SQM have water rights of 570 L/S (2000 cubic metres per hour)

Cosaych plan to pump 11000 cubic metres per day

[escapetohome] 07/3/2015 10:43

Have you ever thought of a career in politics rather than a share advocate? The latter seems to have miserably failed.

You have all the enthusiasm that politicians have, and you also share a number of other traits with them.

[rogerbridge] 06/3/2015 17:41

Same with me engelo, but I believe IOF will turn it around, or I would have sold out way back.

[superg1] 06/3/2015 17:27

We'll see where we are when the paint eventually dries. :-)

[superg1] 06/3/2015 17:17

Oh look!

In SQM terms their share price has plummeted today. Now why is that then?

[superg1] 06/3/2015 16:47

My reply with some extra was a straight lift from the Finances header which gives all their figures for the last 11 years.

I finished it with "As I said, they are lying to you"

[rogerbridge] 06/3/2015 16:36

And we trust these analysts with our hard earned money, well some people do.

[awolagain] 06/3/2015 16:35

:-) lol! Brilliant stuff SG....priceless lol!

[superg1] 06/3/2015 16:22

And so it rumbles on like a newbie to a thread.

SQM analyst

"They state iodine total capacity in 12,500 tons. If you don’t consider Maria Elena any way they will be around 10,800 t. What am I missing?"

Quite simply you are missing what it says in their yearly form 20 F.

They talk 12,500 but they have never produced 12,500.

The best ever they did was 10,900 mt (2012). Now take off the contribution of Marie Elena as they closed it (1500 mt). 2013 rate 10,800 - 1500

Now take off the the production increase that showed when they started up the Iris plant, 900 - 1000mt for the 2012 & 13 period, which they then turned off at the end of 2013 and you have a loss of production for 2014 of around 2,500 mt compared to 2013.

So there you go guys the analyst thinks SQM would have done 12,500 mt in 2014, but with the new information thinks it must be 10,800 mt when in fact it's under 8,500 mt. A 4000 mt SLIGHT difference.

DON'T trust an analyst.

Nice guy though and he's getting there re the lies.

[arlington chetwynd talbot] 06/3/2015 13:04

Example;

Go to the top thread that you see.

Read the header, then read the posts.

You'll see something happen.

[arlington chetwynd talbot] 06/3/2015 13:01

Electronic messaging allows a strange sense of unreality. It plays on the mind because some people are better than others, at it. A tit?

[escapetohome] 06/3/2015 12:57

A good old ' witch hunt' eh . Politicians use the techinique to distract attention. I am heartwell eh? Not so.
I see the share price is down.

I am still invested in this share and just want to see it 50p.

[superg1] 06/3/2015 12:25

Oh BTW

I was held up by knife-point yesterday with someone demanding to know what IT meant. Not very sporting especially after I'd just served up a bacon sarnie for him.

[superg1] 06/3/2015 12:19

No there won't be. You are unlikely to get any updates on that unless of course it all goes to 'null' in the boxes which generally means permit awarded.

I think news is likely before null would appear.

Perhaps news is viable next week to declare the hearing process is complete, and further news as and when an outcome is known.

[kattatogaru] 06/3/2015 12:06

Thanks SG. I note that there is nothing on there after "Hearing Scheduled For 19 Feb"...

[arlington chetwynd talbot] 06/3/2015 11:59

Oh please, my sides are splitting as it is...

[kattatogaru] 06/3/2015 11:58

SG, Could you repost the link to DNRC permit status? I have crawled all around the Montana.gov website and cannot find it... Maany thanks.

[awolagain] 06/3/2015 11:26

I assume IOF know all about the 'law'?


Mainly ND there but who cares is you know the laws. :-)

[awolagain] 06/3/2015 11:24

SG

Given the 'mis information' in the past what makes you think they have changed...and not losing sleep over it either

"I think next 20-F release will show whether they are really producing more as they stated; otherwise they would have lied."

[superg1] 06/3/2015 11:21

Lots of chat about it throughout the call. Taylor is clearly excited about the prospects.

Mainly ND there but who cares is you know the laws. :-)