Ormonde Mining Share Discussion Threads

[steelwatch] 12/5/2016 17:00

Not sure whether previously posted, but subsequent to most recent RNS. This is a machine translation:



Saloro, mining company dedicated to the exploitation of the tungsten in Salamanca, has awarded the Spanish subsidiary of Veolia Water Technologies a contract for the design, construction and putting up a plant for the treatment of the acidic waters of the short. These water treatment will be made by the Actiflo process, allowing precipitation of metals from the raw water for reuse in the process with a treatment capacity of 150 m3/h. This gesture makes the Barruecopardo mine in a self-sufficient project water, is the only external source of water supply to the mine for the purposes of human consumption.

Actiflo Veolia is the most advanced process of decantation ballast for the clarification of water. Uses microarena as a precursor to the formation of heavy flocs, which are more easily settleable, which allows to obtain an excellent treated water quality at high speeds of decanting, considerably reducing the space of implementation and, therefore, the costs of civil works.

In addition to be a self-sufficient in water supply, Barruecopardo project also contemplates all the effluent reuse, this mine becoming a project ZLD (zero liquid discharge). This fact, together with the project of restoration of the area once ore extraction, demonstrates Saloro commitment with the environment, giving the region a sustainable industrial activity.

Jose Angel Legaz, Managing Director of Veolia Water Technologies Ibérica, has declared that "the commitment to the respect for the environment is one of the main aspects of any mining project that is to be undertaken today in Spain. Veolia, its solutions and technologies, helps the mining industry in this objective, as it is the case Barruecopardo mine." Saloro is a mining company founded in Spain in 2004 whose activity focuses on the efficient, responsible and sustainable exploitation of the Barruecopardo tungsten mine. Since its creation in 2004 and until may 2015, Saloro has invested nearly 13 million euros in studies and preparatory work to advance this objective.



edit:

I see Vic beat me to it by a country mile, LOL

[dolores123] 12/5/2016 16:44

Not down today in London

[granto2] 12/5/2016 16:34

and the share price is down…. that's all that matters folks.

[dolores123] 12/5/2016 15:18

Looking good.

[steelwatch] 12/5/2016 14:22

Tungsten price chart above seems to have woken up :)

[dolores123] 10/5/2016 13:35

Roll on 250+ for the tungsten price. The land issue should not unduly delay production in the meantime the tungsten price can keep on increasing.

We are also awaiting the drilling results to determine the extent of the mine expansion.

[gosoftly7] 10/5/2016 12:48

From my understanding of the last RNS, the plant cannot be built until the land issues have been resolved. Let's hope this happens in a timely fashion, otherwise the expected production date will be pushed out.

[carlo sartori] 10/5/2016 12:27

Thanks Steelwatch. The current trajectory of Tungsten prices is VERY positive for Ormonde. When we start production, the value of our investment should rise significantly from the current supressed levels.

AIMHO

Carlo

[steelwatch] 10/5/2016 10:56

Today:

Tungsten - APT European prices stood at $215-225/mtu vs $205-215/mtu last week

[12vic] 07/5/2016 08:59

Bit of background on China State reserve bureau purchases and how they are effecting the major Chinese tungsten producers.
Tungsten is being held back from the market despite demand with obvious supply side impact.The clear inference is that price should continue to rise.

National production quotas are also being reviewed and reduced with a suggestion that illegal miners will come under additional scrutiny to bring supply down further.

hxxp://en.ruidow.com/news_x.php?id=427&pid=4&k=1

[iain222] 03/5/2016 13:01

12vic, thanks for that.
The header at the top of the page has not shown the increase.
I had a good long chat with management a few weeks ago, everything going well was the feedback.

[dolores123] 03/5/2016 11:36

Thanks 12vic. It will be good to see 250 plus again at that price ORM should be very profitable once production is underway.

[12vic] 03/5/2016 10:53

Today

Tungsten - APT European prices stood at $205-215/mtu vs $188-210/mtu last week

[12vic] 27/4/2016 22:21

Granto you make some good points about timing and mining.
I was in this one many years ago as a gold play and then had to take the money out for another investment. More by luck than anything else I started to buy back Sept last year - the damage from falling metal prices and Oaktree perception had already been done.
Just my opinion but its hard not to feel the worst has been weathered and there is still much at play here with obvious upside.
I'd say keep hold of the lifeboat, dodge the sharks with the Admiral and there's a chance of land on the horizon.

[granto2] 27/4/2016 16:03

12Vic, The admiral is a bit like myself, clinging to the lifeboat - from the outside. I held off on this several years trying to time my arrival perfectly. and I'm here several years now. Even Oaktree paid over the odds to get in. So everyone at the table has had a right spoonful of sour medicine. The land issue is still not 100% sorted and this is slowing things as we know. My ideal mine investment, is 1, in production and increasing production 2, in a safe country, 3 little or no debt. You pay a premium, but you have a laying hen, with no robbing bank or bondholder. anyhow this was and remains an excellent opportunity

[dolores123] 27/4/2016 15:48

Good post 12vic.

[12vic] 27/4/2016 15:05

The next drilling results should give a really clear indication of where this is going. Any substantial addition in terms of operating mine life and the whole project takes on a different scale. I'd imagine the selling point to Oaktree was just as much about this unproven potential as the actual (runner) project on the table. The mining rights at Barruecopardo cover both pits and the 6km around them for the next 28 years.

Five of the holes are drilled as we know , the status of the 6th is not known. I'd guess that they will take some time analysing everything before they come to the market, but we are now nearly 2 months on from last announcement so should not be too long. There might be a decision to release the results from the first five holes on their own should there still be a delay on the 6th, we'll find out soon.

I have a feeling the drilling campaign will continue through the construction of first phase production and long after. Who knows Barruecopardo might still be in production 15-20 years time - if this is the case then hopefully the Admiral should do more than break even !

[admiral jellicoe] 27/4/2016 13:47

Me too! I'll be happy to break even and get de money back, long term I think ORM will be a success, 15 or 20 years in de future etc

[granto2] 27/4/2016 11:33

still here too guys. The reward to the risk here was cruel. but maybe it will be ok in the end.

[12vic] 27/4/2016 10:52

Today proactive investors:

- APT European prices $188-210/mtu vs $190-200/mtu last week

[12vic] 27/4/2016 10:44

Thanks Dolores.

[dolores123] 27/4/2016 07:46

Tungsten APT price increasing now 195 in China and Europe.

[dolores123] 26/4/2016 09:00

Some buying yesterday and a bit more this morning!

[12vic] 21/4/2016 16:40

Looks like China State reserve bureau have started stock piling tungsten again.

[12vic] 15/4/2016 16:47

No Probs Carlo. Hoping to have some positive drilling results soon.