Ormonde Mining Share Discussion Threads

[12vic] 28/8/2017 21:08

... and likely more rises in near future.


European APT, ferro-tungsten prices jump on tight supplies, high replacement costs

Benchmark ammonium paratungstate prices soared to their highest level since March 2015 last week as sellers elevated their offers, reflecting Europe’s exposure to the rallying Chinese market.

APT prices were up 7.5% week on week, assessed at $269-275 per mtu, cif Rotterdam, on August 25 compared with $250-256 per mtu previously. Consumers are expected to return to the market in September, at which point sellers indicated they would open their negotiations at price levels similar to those seen in China.

[dolores123] 25/8/2017 18:51

Wow! What a jump.

[bizana] 25/8/2017 17:13

European APT today 269 - 275!

[12vic] 24/8/2017 08:59

Thanks RI - people should pick up on the news soon. I'm trying to work out at what level institutional investors will show interest again. The consensus was once production achieved but given the recent firmness in the pricing , I'm hoping there might be more activity prior to this.

[resource invest] 23/8/2017 22:55

Chinese APT jumps to 270-285. Big move

[12vic] 23/8/2017 12:30

Thanks Steelwatch
.. and when we're up and running every dollar difference should equate to between 260,000-360,000 extra profit for Saloro .

[dolores123] 23/8/2017 12:28

Excellent the 250 target attained. Roll on to 300 now required. Share price will no doubt follow.

[steelwatch] 23/8/2017 12:12

Tungsten APT European US$250-256/mtu vs US$248-256mtu

[steelwatch] 22/8/2017 22:29

Click the chart to reveal a list of minor metals and scroll down to Tungsten European (flag symbol) ATP. Up 2.08% today. Every little helps!

[steelwatch] 22/8/2017 22:21

Another tick up showing in the European APT chart above. Maybe share price Angel will quote the new price spread tomorrow :o)

[12vic] 15/8/2017 11:46

Further update on Ormonde site of more kit arriving. Great picture of driver just getting an ore truck through the village.

[12vic] 15/8/2017 11:31

Celeritas just want to add a few things that might give some additional perspective.

The figures from the March presentation have been generated from the original DFS that was published in 2012 and then a further review in 2014 by the company prior to the financing round.

So essentially 3 years out of date , but actually this will likely prove to be a positive. There will have been technical / cost saving development over that time that will probably bring costs down. For a start we now have a far better understanding of the ore body than in 2014 through drilling updates.
You won't see anything published to this effect because the company will not be positioned to give a firm update until the mining contract is in place. This will come further down the line in project development. At a guess I'd imagine in about 6 months time. To give you an idea of the importance of the mining contract , you can see from the presentation that it covers 79% of the OP ex - so savings here will have significant knock on effect.

The other thing to consider is that a true all in cost per MTU will need to include calculations of debt repayments and management fee. This is where it becomes a little more complicated to work out. For what it is worth I have seen ball park figures suggesting this might amount to an additional $20-25 MTU but this will fluctuate depending on how much debt is drawn down and production levels achieved.

[steelwatch] 15/8/2017 10:05

See slide 9 of the March presentation for the most up-to-date indication

[celeritas] 15/8/2017 09:47

What are the all in costs, cant seem to find them.

[steelwatch] 14/8/2017 17:04

Thanks TERROPOL. I really don't mind you posting the quotes, but, this time, the quote should have been $248-256/MTU vs $240-248/MTU I would have thought? Also, there is a chicken & egg situation to resolve as far as proactive vs the chart above.

However, nice to see the upward trend continuing.

[terropol] 14/8/2017 16:41

Left you your Job, Steelwatch.... ;-)

[dolores123] 14/8/2017 16:26

Ok thanks steelwatch.

[steelwatch] 14/8/2017 16:24

Tungsten APT European US$248-256/mtu vs US$230-235/mtu according to proactive today, but the previous quote was US$240-248/mtu vs US$230-235/mtu.

[dolores123] 14/8/2017 16:14

What's the price?

[terropol] 14/8/2017 14:28

Tungsten, another jump up.....great news going forward.

[12vic] 13/8/2017 10:45

Lewis Black seems pretty confident in the Tungsten Market.
Appears to be investing $5,000,000 in Almonty share purchase.


www.almonty.com/_resources/news/nr_2017_08_11.pdf

[12vic] 13/8/2017 10:17

Here's an article from 10/08 looking at potential for 3 metals that missed out on 2016 commodity recovery , Tungsten being one of them.

www.vanadiumcorp.com/news/blog/875-stirrings-in-the-nether-regions-of-the-metals-space-vanadium-tantalum-and-tungsten

[dolores123] 11/8/2017 11:07

Isthis a buying opportunity for those that refrained yesterday?

[12vic] 11/8/2017 10:47

Not sure , either way I might be waiting a while on today's performance ;)

[micnoc2015] 11/8/2017 10:00

@12vic, Is that 70 cents per share or 70 million market cap? !!