Sirius Minerals Share Discussion Threads

[clotted cream] 14/4/2018 08:30

Don't worry about how to shift it. The market is not going to take poly4 at the assummed nameplate volumes at prices that get quoted. Deals agreed to China are CIF anyway, so we pay delivery.

[not my real name] 14/4/2018 08:16

cottlad.

Sirius will not be producing 20m tonnes for at least 7 years. I know absolutely nothing about shipping or availability but in 7 years I can go to university, get a degree in shipping, logistics and supply chain management. I can then get a job with Glencore and gain 3 years experience then apply for a job with Sirius and solve all their problems.

Or they could just book something now! I am sure your concerns will be addressed in plenty of time by Sirius management team.

NMRN

[cottlad] 14/4/2018 06:55

Thanks for the reply TNMRN.9500 is very impressive. Is that on multiple loading belts do you know or a single shot?
My concern was predominantly about the shipping but it's good to know the loading system could be adequate👍.
If we presume the velemax vessels won't fit in their new facility this leaves an ever decreasing size of bulkers available. There are quite a few handymax size (180m) which again i assume (yes i know what presumption is) we will be dealing with. These can load 40-50k tonnes each. That would mean 1 a day, every day. Again not an impossible ask. But whete are all these vessels going to appear from when you factor in a 3week journey to China as probably the most extreme destination voyage length wise.

Initial production target of 10m tonnes might be squeezable but I'm doubtful.... but people here are valuing this company on sxx's own target of 20mt and i think it's unachievable.
Do you think I would get a response from SXX if I ran a few questions past them as a PI?

[not my real name] 13/4/2018 22:26

Interesting discussion around the loading capabilities. As Sirius are developing their own facility from scratch I don't see why they can't replicate one of the berths at Dampier which are capable of loading up to 9,500 tonnes per hour.

At peak rate they could load 20 million tonnes working an 8 hour day, 5 days a week!

Doesn't sound too impossible! Any reason they can't do that?


hxxps://static1.squarespace.com/static/5347d859e4b0cbe1acbfebca/t/
54f70eade4b06ac5469e839b/1425477293520/Global+Iron+Ore+Book.pdf

NMRN

[johnveals] 13/4/2018 21:35

Use two smaller ones, expand the port, I don’t know, but it doesn’t sound like an insoluble problem to me, it only requires imagination and investment.

[cottlad] 13/4/2018 21:22

These bulkers are 360m long. Where are you going to park them? 😂

[johnveals] 13/4/2018 21:18

20mt/yr works out at about 1 of the largest bulk carriers in the world per week and 1 cu metre of poly4 every 4 seconds. This is undoubtably a big ask but not unimaginable in my non expert mind.
Sinking the mineshaft and tunnel is with tried and tested technology through known rock formations, the MTS tunnel is through mudstone so shouldn’t present too many major difficulties. So whilst there is undoubted risk that risk is mainly time and cost overruns rather than technically insurmountable barriers, finance not withstanding. I am comfortable with all of that at my present level of investment and I am likely to add as the project progresses and derisks.

[cottlad] 13/4/2018 20:23

Well I've thought about the logistics for the past couple of hours (only) and I'll stick my neck out and say that 20mt/year is logistically impossible. Unless someone can explain just how this can be achieved I would say 5mt/year is a massive ask.

[coolhandfluke] 13/4/2018 20:07

Many thanks once again. I will look them up online before l go.Cheer.CHF

[johnwise] 13/4/2018 20:04

"Has anyone actually confirmed the logistics of of shipping 20mt/year? Teesport is large enough for big bulkers but nearly 400k tonnes per week? Every week?"


MAKING TEES THE FIRST PORT OF CALL
D Ports CEO David Robinson sets sail with Paul Robertson to showcase the huge investment at Teesport and to explain how it rides the economic waves.

Ports CEO David Robinson... "Another huge opportunity lies in plans by Sirius Minerals, which wants to create a 1,000-job mine at Whitby with its process facility on Teesside. The final regulatory hurdle was cleared this summer with approval for a new berth, ship loading facilities and conveyor belt system to the company’s materials handling facility at the Wilton International site".

“It is another huge opportunity in terms of investment and job creation,” says Robinson. “The river could readily accommodate the necessary infrastructure and deliver a boost to UK exports as a result. It is another long-term, sustainable investment happening on our doorstep.”
MORE

[coolhandfluke] 13/4/2018 20:02

I think you should be asking these questions before investing. 2/3's of the money required still has to be raised. If the money is raised then the risk moves to the build. How the money is raised is also a risk to future share value. The reason more people aren't jumping in is 1, the risk and 2, they consider that there are better opportunities elsewhere.

[cottlad] 13/4/2018 20:01

Trenchers>Magpie any day for me. And the queue is shorter

[cottlad] 13/4/2018 20:01

PN: So we would simply have to fully load 1 of those vessels every day throughout the year. Hmmm. It would need scores of vessels to just keep up even if it were possible to load at that rate :/

[thanksamillion] 13/4/2018 19:54

njones01

Read Muckshifters post of today.

[njones01] 13/4/2018 19:44

Hi, I'm new to investing and have bought a sizeable stake in Sirius. What I don't understand is if once production starts and share price is north of £1, why more people aren't jumping onboard. I get that the company is still in development stages, but could someone help me understand where the risk is? So much money has already be poured in, surely it's inevitable production will one day start?

[cottlad] 13/4/2018 19:34

Also these Valemax vessels are 360m long! Gulp! Can't see them fitting into any berth at Teesport

[coolhandfluke] 13/4/2018 19:17

TAM will be traveling homeward Friday. JV Thanks for the recommendation.CHF

[johnveals] 13/4/2018 19:16

cottas - an interesting point re port capacity, it sounds like a big ask but just about doable, if there is the will.

[thanksamillion] 13/4/2018 19:13

Coolhandfluke

If you are still there on the Friday expect the town to be heaving, this is a big thing in Whitby.

[johnveals] 13/4/2018 19:11

I visited Whitby last week and had a very interesting day. I don’t think I learnt anything new but seeing the exhibition and the Woodsmith site, through a gap in the gate definitely made it all feel very real. Hadley’s fish’n’chips in the very centre just over the bridge is recommended.

[coolhandfluke] 13/4/2018 19:01

Hi PugwashNo not familiar with the area. Currently residing in East Anglia so have also had the mist for a few days. Sounds like I need to bring a periscope with me to see over the wall. Well at least I'll have a couple of lunches in our unspoilt National Park. Presumably there are some nice eateries?

[coolhandfluke] 13/4/2018 18:48

Hi TAMNo thankfully. Yes I remember a young goth was killed some time back, in Todmorden I believe. I am going mid-week from 24th. I think the Sirius exhibition finishes in May?

[pugwash north] 13/4/2018 18:43

Coolhandfluke
Unless you are familiar with the area you will notice very little of your money Sirius has spent. The junction at the bottom of Mayfield rd. was around £500k. The turn lane down to the mine site road off the Whitby to Scarborough Rd was another costly, but necessary expense. As for the mine site itself its very well camouflaged from the road. You will see very little apart from the nice sand stone dry walling & the main gated tarmac entrance which curves sharply to the left hiding the view. A few road sings forbidding entrance to mine traffic & the mine itself, that’s about all your coinage buys I’m sad to say. The Lockwood Beck site is so much more open. Still the local trade will welcome your custom I am sure. I hope the weather picks up as thick costal fog for today & been like that for a couple. When this happens, it can last for weeks!!! Sorry lol

As an aside, the locals here could never understand why the transport tunnel/conveyor belt did not just go the 9 miles to the Boulby site & use their existing rail transport infrastructure to Teesside. The costs/risk may have been so much less. I guess they thought of it but for some reason dismissed it.