Uru Metals Share Discussion Threads

[jon12345] 28/9/2017 15:22

and share price reaction again shows it

[jon12345] 28/9/2017 15:21

not even newsworthy imho

[mike_f] 28/9/2017 15:18

Higher grades than AMC and over 180 times larger resource! AMC mcap £40M, URU £10M...

[le mass du pap] 28/9/2017 15:13

....and back down she goes, de ja vu

[on target] 28/9/2017 15:09

More uneconomic stuff.

[gaddy88] 28/9/2017 15:02

Looking up here!!

[mike_f] 28/9/2017 15:00

Great news!! I'm back in.

[le mass du pap] 25/9/2017 17:34

Yip, being bummed good and proper by someone, vastly oversold imho

[jon12345] 22/9/2017 16:33

what a shambolic performance, truely dreadful. this zorbas character needs to get his act together and 'make' these mm's behave. if this is worth buying then make it obvious and they'll have to play fair.

[jlondon] 22/9/2017 15:55

@Le Mass Du Pap #2103 22 Sep 2017

In answer to your question, it would be incorrect to say good or bad. All projects carry risks. No one can totally see round corners to the end.

Hence, why continuous research means one can monitor the situ as best as one can.

There would be no need to provide backup except for the confusion over the RNS so the research posts give some background and data.

[jlondon] 22/9/2017 15:42

Beaufort Securities broker note,22 Sep 2017



Quote: "Zebediela-WORLD CLASS Nickel Sulphite Project"

Beaufort has a speculative buy and gives details of recent RNS.

Quote: Shallow DEPTHS and with SIGNIFICANT widths - Near major PGE mines.

[le mass du pap] 22/9/2017 10:37

Can't be bothered to read all that. Can you sum it up, good or bad? Ta

[jlondon] 22/9/2017 10:12

Ref: "The Charges Against Big Nickel-Hannans Reward " by Ahead of the Herd.com by Richard Mills.

"The Charges Against Big Nickel"-Mining.com by Richard Mills, Ahead of the Herd.com
www.mining.com/the-charges-against-big-nickel/ [2011]

Quote:

"Today nickel sulfide deposits are the primary source of mined nickel-58% nickel production nickel sulfide and 42% nickel laterite. The most important platinum rich PGE district is the Bushveld Complex, SOUTH AFRICA."

"THE TREND OF FUTURE NICKEL PRODUCTION IS CHANGING because of the LACK of high quality nickel sulfide e x p l o r a t i o n targets - nickel LATERITIES are most likely to be d e v e l o p e d as the world*s FUTURE PRIMARY nickel sources."

<>There are 2 main types of sulfide deposits. In the 1st NI-CU [Nickel -Copper] DEPOSITS are the MAIN economic commodities- copper may be e i t h e r a CO-product or BY-product and COBALT, PLATINUM group elements [PGE] AND GOLD [Au] by-product.

The 2nd type of deposit is mined exclusively for PGE*S with the other associated metals being by-products.

Typically nickel laterite deposits are VERY LARGE TONNAGE, LOW-GRADE deposits located close to the surface. They are most often in the range of 20 Million Tonnes and upwards with SOME EXAMPLES approaching A BILLION TONNES OF MATERIAL."

"THE GLOBAL AUTO industry is using MORE AND MORE Nickel for ELECTRIC & hybrid vehicles. MINING CO have SHIFTED e x p l o r a t i o n efforts to more challenging locations......BECAUSE OF A LACK OF NEW SULFIDE DEPOSITS in traditional mining camps."

"Pure nickel exploration plays arent common.."

"Currently, the majority of today*s nickel is produced from SULFIDE deposits as it is easier and cheaper to mine and process than the LATERITE ones. However, KNOWN SUPHIDE DEPOSITS ARE GETTING DEPLETED, ORE GRADES ARE FALLING & NEW DISCOVERIES ARE SCARCE."

22 Sep 2017

Comment: URU Metals are in South Africa where it is PGE county and it is a large tonnage supfide nickel project. Please check as there can be transposition errors etc.

[jlondon] 21/9/2017 23:00

URU Metals on AIM. Share price 1.275p -16.39%, Mkt Cap £9.95m.

To sum up the situ since the RNS, 20 Aug 2017, Acrowth on LSE at 21:48, 21 Sep 2017 stated: "..think the issue is the discrepancy over the results. Some say they were fantastic, some say they were terrible.."

MINESITE PRESENTATION 5 Dec 2013
www.urumetals.com/investor-relations/presentations-and-webcasts
Zebediela Drilling Results 2 historical holes U01-2 with grades 0.26% & 0.27%
Then Z1-16 [16 holes] with grades 0.17%-0.28%. In total 18 holes. I added all the grades and divided by 18=0.23% average.

April 2017 Presentation-"Developing a World Class Development" [same link]
"Resource NI43-101 compliant Indicated Resource of 485.4 Mt at a grade of 0.25% Ni [Nickel] with additional Inferred Resources of 1.115 Billion[1,115Mt] at a grade of 0.248% Ni. PEA completed taking advanctage of new & processing technologies."

"GLOBAL NICKEL PRODUCERS-On commencement of production Zebediela will be the 12TH BIGGEST NICKEL MINE IN THE WORLD and with expansion initiatives it has the potential to become the WORLD*S TOP 10."

From both these said presentations it was mentioned that it is a HIGH TONNAGE project akin to copper porphyries.

Comment:

It appears that when a nickel project is potentially ranked as No12 going on to No10, it may be GLOBALLY SIGNIFICANT ie Top 10.

Wood MacKenzie that does work for investment banks and major mining co*s has covered this project. Google: "Zebediela Nickel Project- Wood MacKenzie- covers 2 files"]

Mackenzie: "Our analysts are based in the market they analyse, working with high quality proprietary cost data bases and COST curve analyses ...our database covers over 2,450 ASSET ANALYSES covering MORE THAN 1,000 CO*S WORLDWIDE."

So when the RNS results came out from recent drills of Zebedelia coming in at 0.42% Nickel and 0.15% Copper + PGE 3+AU arose a situ wherein compared with Ivanplat-Ivanhoe*s Platreef [immediately adjacent] was much better [see earlier post].

Beaufort commented that they were not surprised as it was a PGE area.

So, the GRADE was almost DOUBLE, ADDED with now PGE 3+Au could be look at in a positive way ie credits?

So what happened? On reading one noted that where 1 comment said project "not commercial at these p r i c e s " became "g r a d e s not commercial." Hence, the confusion in the word price and not grades?

Leaching results are awaited plus other data so it appears to be early days wherein even a cost curve report has not been updated yet bearing in mind ,that in addition to the US$1 billion NPV@8% [Ivanplat Platreef NPV@8% $920m region] there is still $370 million from the more surface magnetite.

As for prices please Google: "NICKEL MINERS EAGER TO MEET ELECTRIC VEHICLE DEMAND"-Nickel Investing News, Sep 11, 2017.

Quote: "Wood Mackenzie recently envisaged an incentive price for new nickel production WELL ABOVE US$20,000 a tonne noting reports from Indonesian producers indicate that they will n o t restart operations until prices rose ABOVE $30,000. He believes overall the effects of the electric vehicle demand arent being felt in the nickel market y e t and thinks SUPPLY will TIGHTEN IN THE FUTURE. Morgan Stanley estimates that by 2050, 81% of a l l new vehicles will be electric cars."

"The lithium ion battery b o o m is expected to increase the n e e d for nickel and NICKEL FOCUSED co*s continue to PREPARE TO MEET THAT DEMAND."

DAILY MAIL: "Small cap shares idea: Nickel and share help URU Metals to..." [2014]Google this title to read.
It was said that when the co owned only 50% of Zebediela from recall, they were given offers. Chairman then also mentioned that at $14-$20k+ per tonne for nickel, assets like this sold for $200-$500 million. [Para phrased]

[Please check as there can be typo errors etc] P.S. Northland Capital today released a Corporate Rating "RE-ITERATION."


Thur, 21 Sep 2017

[le mass du pap] 21/9/2017 21:08

You looking to get back in cheaper tt2 lol

[turbotrader2] 21/9/2017 20:41

And a bigger one hereGROSSLY OVERPRICED

[defcon3] 21/9/2017 17:47

Timeforchange it will take 88E a long time to recover. 0.5p by early new year. Massive placing coming there

[taxibabe] 21/9/2017 10:24

URU grades uncommercial, NUOG news delayed, NYO shares collapsed, 88, shares in free fall in placing rumour, UKOG peaked at 11p long ago. AIM is trap for people and their funds

[happy bear] 21/9/2017 10:11

Surprised at how brutal the mm's have been this am though. Ok, it's not the ramptastic RNS those on LSE would have you believe, but it's not a negative one either. If anything it's a bonus, yet mm's will be mm's.

[happy bear] 20/9/2017 19:56

Agree with most of the above.

Holders will hold but doubt much new money will enter on that RNS.