Keras Resources Share Discussion Threads

[andylee3] 09/11/2017 08:10

Another Novo/Calidus news release...

www.novoresources.com/news-media/news/display/index.php?content_id=284

[bumpa33] 09/11/2017 07:23

Nice move on volume for Calidus overnight on the ASX.

[zhockey] 08/11/2017 13:32

So what is the potential upside for the Pilbara assets?

1M oz, 2M, 5M??

[greatfull dead] 08/11/2017 09:42

zhockey,

I got ahead of myself yesterday. I was in a rush to keep some appointments.

ATB,
GD

[andylee3] 07/11/2017 11:13

Well, whatever you're referring to GD, it ain't happened yet!

[andylee3] 07/11/2017 11:11

Confirmation of Beatons Creek (Novo) holding....

www.investi.com.au/api/announcements/cai/3155386b-ce4.pdf

[zhockey] 07/11/2017 08:09

What does GD?

[greatfull dead] 07/11/2017 07:52

It all starts today IMHO. Shame I will be out most of the morning.......

GLA,
GD

[zhockey] 06/11/2017 11:50

A useful link here for anyone else looking at the modelling for Manganese:

hxxp://kerasplc.com/documents/Manganese-qa-140115.pdf

[greatfull dead] 06/11/2017 10:09

Ed,

As I told you before, still plenty going on elsewhere to keep me busy. KRS is one of them.

ATB,
GD

[zhockey] 06/11/2017 09:45

Ah thanks Ed, I suspected I'd made an error but couldn't figure out where!

I should know better lol!

[edgein] 06/11/2017 09:38

Re-work your numbers and you'll see that Nayega is a potentially company making asset if/when they get the mining licence. With costs as low as $1-2/Mtu its got great potential. Also phase II development was spending quite a bit of the Phase I cash flow to start production of Ferromanganese alloy which trades at many times the price of Mn concentrate. Its why many of us bought Ferrex.

Regards,
Ed.

[edgein] 06/11/2017 09:11

"Metal Bulletin’s index price for 38% manganese ore, fob Port Elizabeth fell 8 cents to $3.68 per mtu. Metal Bulletin’s index price for 44% manganese ore, cif China, fell 6 cents to $5.42 per mtu."

I see where you're going wrong now, you're thinking metric tonne units are Mt! An MTU is 10kg. Manganese concentrate is closer to $400/tn or around $4/Mtu.

Regards,
Ed.

[zhockey] 06/11/2017 08:48

250k but DMT at 37% only sells for $4/tonne

[edgein] 06/11/2017 07:53

Zhockey,

Are you sure its not 250,000tn not 250tn?

Regards,
Ed.

[zhockey] 05/11/2017 22:48

Any views on the economics of the Manganese project? 250KT per annum doesn't seem worth it unless I've made a mistake. I'm getting $500k/year profit only?

Edit - I had made a mistake it is 25,000,000 MTU (MTU = 10kg, not a metric tonne!)

[andylee3] 05/11/2017 22:37

Commencement of Novo JV & Exercise of Haoma Option....

www.investi.com.au/api/announcements/cai/cb4c3af7-8d4.pdf

[zhockey] 03/11/2017 13:11

Ed I agree but they could give metal detectors to a few locals and send them out :)

[edgein] 03/11/2017 12:14

Its best to focus on the high grade highly commercial vein style stuff first, we've already an intersect with over 1 Oz/tn. There'll be more of those to come out of Pilbara too, I've no doubt, just looking at their presentation shows the mulitple high grade discoveries on their acreage. CAI have more than enough to focus on with the high grade Vein mineralisation first, then they can check their acreage for conglomerate style gold. I don't think anyone is gonna be disappointed by more drilling on the known high grade targets. Focus needs to be on reserves and feasibility and getting the rest of those performance shares. Once we have goodness knows now many Oz after CAI complete the next round of drilling Dave can go willy nilly after that.

Who knows perhaps things will cool off enough in Togo for us to start digging up some Manganese too.

Regards,
Ed.

[bumpa33] 03/11/2017 12:04

a couple of nuggets from some in soil sampling and hey presto, GGP style valuation in a jiffy :)

[p@] 03/11/2017 08:14

… @Artemjs_ARV

[greatfull dead] 01/11/2017 08:04

Zockhy,

Good for you. Yes a bit toppy at 50m mcap. I think they will be big.

Thanks for RGM, I will look at them.

ATB,
GD