Iofina Share Discussion Threads

[n3tleylucas] 18/1/2014 21:30

all your bridges and bras...

[n3tleylucas] 18/1/2014 21:28

I am a top boy bud... you need 6

[freshvoice] 18/1/2014 21:08

See Nutters is off shift again tonight, obviously has nowhere to go again. Social outcast.

[che7win] 18/1/2014 21:02

A few mobile units are planned for this year.

[n3tleylucas] 18/1/2014 20:16

We are not pushovers graham, we are old school

[n3tleylucas] 18/1/2014 20:14

You need 6 top boys

[engelo] 18/1/2014 20:12

SG: Surely IOF's brines contain iodide rather than iodine? Solubility of iodide will be much higher so no solids imo.

[ansana] 18/1/2014 19:59

Mobile units, tornado on the way drive em away :-) !

[n3tleylucas] 18/1/2014 18:43

Mate wants me to come down te the festival lads... what pub you in?

[superg1] 18/1/2014 18:28

Bob

It all depends how many high concentration wells there are, we know they have of 2000ppm plus and the odd 'hyper well'

The very high ppm low bpd wells (typically a few 100 bpd), could be subject to the hydrosorb idea, which is cheaper with less on site processes in play.

I forget who explained that one, but water has a saturation limit for iodine of 337 ppm, so I guess for the very high ppm iodine, it's a case of removing the solid iodine, which is much different from the chemical process for releasing dissolved iodine.

I had a quick look to see what the ppm figure was as came across this. It rather sums up why when prices have dropped back, the disinfection market returns

"BioLargo Technology chose Iodine because it is the most potent and broadest spectrum antimicrobial agent known to modern science and considered the "gold standard" of disinfecting agents"

[zendo102] 18/1/2014 17:59

The company hasn't stated how many mobile plants there will be. From the 2014 Outlook Statement:

The planned mobile unit's conceptual design is being finalised and the Company is planning to seek turnkey contracts for construction shortly. The number and location of these mobile plants is under evaluation.

[bogg1e] 18/1/2014 17:45

3 mobiles planned this year. Thereafter, 1 every 3 to 4 months i imagine is likely.

[bobsworth] 18/1/2014 15:07

Sorry folks more questions!

With Iofina's new mobile plant design finalised and the company currently deciding on their rollout plans, does anyone have an insight as to how many mobiles they may roll out in 2014 and 2015?

Knowing they are capable of extracting upwards of 150mt and have even lower production costs and capital costs than fixed their roll out could be very significant!

If significant could this explain why Iofina have toned down the number of planned fixed sites for this year?

[n3tleylucas] 18/1/2014 14:43

The challenge is to turn all this "good news" into money.

I am still predicting you'll do well to make £5m PTP in 2014.

The stock is about right in the 70-90 range.

That's based on my 2015 est of £10m PTP.

You will not make enough free cash-flow to pay off the debt, and the stock will not rise to convert.

I think you will raise more funds, the Canadian based broker is either being used to join the TSX venture, and/or book building for a placing.

If I'm right, then I have grave concerns about Stena's attitude.

[che7win] 18/1/2014 14:19

Crazycoops,
I'm thinking the same thing, makes perfect sense, these being candidates:



Ioditech "utilizes primarily Chilean iodine suppliers along with one domestic source", perfect for us to replace.

Indian:



Of course, we can use a distributor for iodine such as:

[crazycoops] 18/1/2014 13:38

I wouldn't rule out IOF buying other derivative/chemical companies in the fullness of time. Would make a lot of sense to do so and once they are throwing off cash, that type of move would increase shareholder value. Of course, this assumes that IOF are able to remain independent.

[noli] 18/1/2014 13:28

I believe you are right SG, 800mt for IOC before expansion to the land purchased. Its two fold really, IOC could convert the 800mt, then on top of that IOF can produce some derivatives in the field, how much i don't know. For a short period only i would say should IOC need further expansion in quick time then the emergency facility in kentucky could be used.

[superg1] 18/1/2014 12:17

I think Noli got all the answers re expansion.

With the pips squeaking, I recall the current chem div could do up to 800mt iodine to derivatives.

[superg1] 18/1/2014 11:16

Bob

I thought it was between 300 and 400 mt.

This year judging by an old rns, non iodine related sales resume for one product due to the gap in the contract. That doesn't necessarily mean iodine isn't used in the process (catalyst) but won't be in the final product.

IOF have mentioned new products, so they have a niche market somewhere, and what the product is, isn't listed.

On expansion, it was said they could do so initially just by adding production lines and extra shifts at the existing site.

So there is room near term, to put more iodine through the chem div, obviously dependent on orders.

[superg1] 18/1/2014 11:10

Sirocco, had a good look


When looking at heap leach v ALP, the costs of power is vastly different, being far more expensive than heap leach. Heap leach is as it sounds, put the caliche in a big heap and chuck loads of water on it, leaching out iodine in the water.

The overall costs are forecast at $36 per kg for both methods, but obviously with heap leach, lower yields means more has to be processed, and it affects the mine life.

Interestingly I found a figure I have been looking for, which to me is interesting. Recently the government are looking at a bill to force miners who are using over 150 litres of water per second, to use desalinated seawater.

To me it sounded like a lot of water and probably only affected the big mines. However Sirocco quote their use currently as 94 litres per second (ALP). Heap leach seems to need 26% more water for the same result.

Processing plant capacity 2,250.

So it seems even a fully functioning Sirocco has it's limits, and they certainly would not want to go over the 150 litres per second trigger, if that bill is passed, as that would mean $50m capex on a pipeline and opex up.

On power the ALP shows around a $5 difference per kg, as the heap leach only has limited power use.

So in theory pumping stations for seawater would add a material amount per kg to the power costs and overall opex.

So it seems that water bill, if passed, could affect more mines than first thought.

[bobsworth] 18/1/2014 09:33

Anyone know what % of it's Iodine will be converted by Iofina to iodine derivatives and whether this % will stay the same as the iodine production increase with more plants or tails off as the iodine derivatives market becomes saturated?

[superg1] 18/1/2014 09:28

Long document to read but just as an example

rns 4th Dec

"It is anticipated that the ALP and Slurry Plant will be restarted early in 2015"


19th December, not put out in news but tucked away somewhere

"The ALP has been placed on care and maintenance and is scheduled to restart in mid 2015"

but then the Q3 news just weeks before the shut down

"With operating costs relatively fixed, unit production costs are forecasted to decrease in Q4 2013"

So weeks before shutdown they were talking about opex reductions for Q4 2014.

They said 320 mt produced in Q3, no sales as we know and for 2014 on heap leach they say 1000mt plus about 300 mt in the inventory.

If those figures are right, they stopped producing at the end of Q3 it seems, and the Q4 comment is false.

I do hope they produced some iodine in Q4 and their 300mt comment is wrong, otherwise their news was more or less false.

I can't imagine they would do that, so I'm assuming they were operating up until the date declared. The 300mt left could been down to an overspill of honoured contracts from H1.

The next news for them should be interesting