Ironveld Share Discussion Threads

[valentine] 28/3/2014 13:32

When will people see?..after beginning of April as elsewhere?.. stuck with them now and rather be elsewhere. But will continue to hold.

[al101uk] 28/3/2014 13:31

Nice find BWD :-)

[bigwavedave] 28/3/2014 13:27

A mention in Mining Weekly mag:

[bulldog30] 28/3/2014 08:05

Al You had better check out Ironveld's broker (Shore Capital) note this morning re the state of affairs in South Africa mineral sector , water rights , new Mining Act etc., additional discretionary powers with the Minister of Mines. Have a good day !

[al101uk] 27/3/2014 12:48

I'm talking about management I know and trust, so from my point of view Amerisur's management(an investment I've held on and off for nine years) trumps World Bank.

From pre-feasability:

"Robust infrastructure surrounding the Project with delivery routes for water, rail and power identified"

The presentation details the power requirements for the four larger Smelters as being available by Q1 2017 which is well within the timescale for the project.

Between 5 and 7 minutes of this interview is also interesting:



If you go back to the effective flotation of the company, the 12MW Smelter and it's use to generate revenue early in the project was always their intention.

You're right though, I wasn't at the presentation, so can't comment on what Peter Cox did or didn't say. If that is what he said then it's not particularly concerning as it also delivers early stage revenue and was always part of the companies intention. in other words they haven't changed the project due to anything unforeseen, they are not making things up as they go along, they are delivering on the objectives they set out and that's all I expect them to do.

If there is a material change in direction then I would reconsider my investment.

[bulldog30] 27/3/2014 12:15

You should have attended the recent Ironveld presentation at the Novotel near Tower Bridge given by Peter Cox. It is because of lack of power infrastructure and severe lack of water in that part of the Bushveld that Ironveld is going the very small start up route assuming that a mining licence is forthcoming.

I think that having the World Bank through IFC involved rather trumps Amerisur .

[donaferentes] 27/3/2014 12:13

The Vanadium content is also a big plus over other pig iron miners - increasingly used in specialist steel and in Redox batteries which look like they will be the first commercially viable type to store wind and solar power effectively and economically.

[al101uk] 27/3/2014 11:43

Perhaps closer than you think bulldog30

"In addition a contract was awarded to Tenova/GLPS for the completion of the Definitive Engineering Study for the 12MW Smelter "the small smelter". This study is the key component of the company's Definitive Feasibility Study of the small smelter project.
The results of the work performed to year end reaffirm our confidence and belief in the Project's potential to be developed into a world class pig iron project with associated vanadium and titanium slag by product revenues. The increase in both the Iron and Vanadium grade within the MML together with the exceptional recoveries in the smelting campaign impact the Project's economics and margins favourably."

The smelter is to be commissioned in 2015

Getting to a position where we are generating revenue is the milestone I'm looking forward too... the rest will take years and will likely include the further definition of our resource and substantial additional funds.

Ironveld's advantage over other companies lies in it's near term revenue generation and the infrastructure that lies around it's property. Shares Magazine tipped Ironveld in preference to BAO as a direct result of these advantages.

From my point of view managements performance is also critical and the speed at which Ironveld has arrived at this point gives me confidence in managements ability to deliver vs years and years of comparatively very little progress at BAO. That's in addition to the fact that Ironveld management have proven people at the top from the Amerisur team, a £600 million market cap company that was trading at a small fraction of that when they took it over.

[bulldog30] 27/3/2014 10:55

As I understand it for a Definitive Feasibility Study you need a substantial base of MEASURED RESOURCE to JORC 2012 standards and IRON is miles away from that at present.

[donaferentes] 27/3/2014 10:41

Chart also shows a pretty steep wedge shape (cf AMER) - must break up or down soon - assuming up.

[bigbas] 27/3/2014 10:29

tHERE REALLY WAS NOT ANY NEW NEWS IN TODAYS RELEASE

[valentine] 27/3/2014 09:05

What is holding us up? This went to nigh on 20p last Sept/Oct on what? Now 10p on very good news. Maybe takes a while to sink in..unless someone fears they may be looking for funding. 20k sell and that is that with 100k on offer @ 10.1p, allegedly, acc to broker. I refrained from committing myself.

[alanl77] 27/3/2014 08:35

I'm wondering if the publication of the Detailed Feasibility Study will be the thing that gets this moving again. There was a snippet in Shares magazine on the presentation that Peter Cox gave earlier in the month, where it was implied that this would be complete within the next few weeks.

[valentine] 27/3/2014 08:28

Nowt much happening reaction-wise then.
Likewise BAO ..not a lot.

[donaferentes] 27/3/2014 07:54

Interestingly the net asset value of the company at c. £16m versus the number of shares in issue c. 320m, suggests a net asset value of 50p per share. So the 10p share price is heavily discounted and should be set to rise as they continue to de-risk the investment in the mining operation. It would be comforting if some of that was reflected today in light of this pretty positive report.

[valentine] 27/3/2014 07:38

BAO:

Geological remodelling has enlarged the Tenge resource by 29Mt to 222Mt, with the following classifications:

MEASURED: 156Mt @ 38% Fe & 0.42% V2O5

INDICATED: 66Mt @ 34% Fe & 0.38% V2O5

----
IRON
During the campaign, over 60 tons of iron were produced from 140 tons of Ironveld's titanomagnetite ore grading close to 50% Fe and containing 1.2% V2O5. The majority of iron produced during the campaign contained over 95% and close to 97% Fe with between 2.5% and 3.5% carbon. Sufficient carbon-containing iron has therefore been produced to use as material to test market acceptance.

High recoveries of iron in excess of 90% were achieved as a result of iron oxide levels of less than 5% being obtained in the slag during the campaign. The distribution of the vanadium into the metal increased significantly ranging from 1.1 to 1.5% as the iron level in the slag decreased. The resulting vanadium recovery at the higher vanadium levels obtained in the iron was over 70%.

Following these positive results the Group commenced a thorough marketing campaign which has resulted in significant interest in our product.

and IRON have a larger % holding!

I do not profess to being able to do a satisfactory comparison but appears on face we might get a bit of a fillip today as a consequence of this release.

[bulldog30] 27/3/2014 07:27

valentine... compare the resource figures here with Baobab just released this morning especially MEASURED category.

[valentine] 27/3/2014 07:07

Coming along nicely

Highlights

-- Completion of successful drilling campaign leading to an updated Mineral Resource Estimate
o Total project mineral resource of 80.45 million tons at an average grade of 39.8 % Fe, equating to 32.05 million tons of Iron in-situ at a cut-off grade of 20% Fe

o 1.58 million tons of Iron at 20% Fe cut off now in Measured Mineral Resource

-- Successful completion of pilot plant smelting campaign confirming viability of the ore to produce marketable Pig Iron

-- Good progress towards completion of Definitive Feasibility Study for initial smelter which is planned to be commissioned in 2015

-- Sale of non-core wholly-owned trading subsidiary, Mercury Recycling Limited ("MRL"), for a total consideration of GBP1.6 million

[bigwavedave] 14/3/2014 09:28

Thanks Ladeside. I'll have a look.

[ladeside] 14/3/2014 09:07

Update over on LSE dave.

[bigwavedave] 13/3/2014 14:47

Or anyone else?

[bulldog30] 12/3/2014 15:57

tommygriff

I believe that the Highveld smelters are extremely old and inefficient so not much point in reality.

Will you be at the Presentation tomorrow evening ?

[tommygriff] 10/3/2014 18:49

Instead of building the new smelters would it not be cheaper to buy evraz highveld? $700m new against $300m for highveld.

[s_e] 03/3/2014 17:09

Ironveld to present at London Investor Evening on 13th March 2014
By StockMarketWire | Mon, 3rd March 2014 - 09:21
Ironveld (IRON) (IRON.L) [LON:IRON] the Pig Iron Project located in the Limpopo Province of South Africa, will be presenting at the Shares Magazine evening in London on 13th March 2014. The Evening offers the opportunity to hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector. Presenting at the event will be Ironveld [LON:IRON], Kefi Minerals [LON:KEFI] and Savannah Resources [LON:SAV]. More details at hxxp://www.msmconferences.com/event/Shares-Investor-Evening-London-13-03...

[donaferentes] 26/2/2014 17:32

nice couple of days, putting me well back in the money having bought, as ever, a tad precipitously at an aerate of 10.39.