Sirius Minerals Share Discussion Threads

[kreature] 03/9/2019 22:07

The mine position was selected mainly because buildings could be blended into the surrounding environment as Woodsmith is mostly surrounded by trees with relatively few neighbours. Additional screening will be added later. Obviously access is relatively good being right next to a B road. The Polyhalite 1500m below might have something to do with it.

Not sure how the train will squeeze past the interchange: ‘The underground tunnel will consist of two conveyors: the first will be 15 miles (24 km) long and the second will be 8 miles (13 km). There will be an interchange point between the two conveyors at Lockwood Beck, near Guisborough’

‘Originally, the transport methods for delivering the product from the mine were conveyor, pipeline and by rail on the Esk Valley line.‘

By rail? I thought that was my idea!

[muckshifter] 03/9/2019 20:33

You are avoiding the issue there kreature. The targeted 10m tonnes pa would need at least 25000 tonnes per day by trains loaded 360m below ground. Just not feasible.

From memory (fallible obviously), I believe the mine position was selected on the basis of seam thickness and quality at that location.

[kreature] 03/9/2019 17:48

I think you may be assuming 50kt a day based on words rather than based on cash in the bank? I'd of put the mine next to a new port with no tunnel. Probably just needs to be over the deposit which it would be. Surely a new harbour would've been cheaper than a 37km tunnel, and the boats would be going past there anyway! Ultimately of course you rarely build 37km tunnels to go and get one part of a 3 part NPK fertiliser that hardly anyone has heard of. So I can't see there ever being a mine. To my mind the tunnel makes far more sense as a cargo link to Whitby, paid for in full by the great unwashed ; ) Just my personal options though, as always. Obviously I could be wrong, but that would be confirmed when/if they get past 360 meters imo. atb.

[pazzuzu] 03/9/2019 14:30

NMRN, I assuming your momentary optimism when citi got in has since faded and you have since sold your 9p shares?

[11_percent] 03/9/2019 13:38

NMRN,

Good post, but a bit bleak.

There must still be chance they will get the bonds away......and JPM will be pulling every stunt in the book to do it......or they will loose this cash cow.

There is a great incentive to keep this alive ....for future scamming fees.

Having said that.....it may pay them to make it go bust, as you suggest.....pick up the fees for that....and start the scam over again, with a new owner.

=============
If you want to see a real scam...have a look at PMG......the guy has just bought/taken over his wife's company which was 2 months away from going bust.

Tom Cross has been a big disappointment....never thought I would say that.

[muckshifter] 03/9/2019 13:37

OK kreature, I agree that all seriously held opinions and facts should be welcomed here. But are you claiming that you seriously think a train haulage system for the polyhalite through a single track tunnel 37km long could cope with perhaps 25 – 50,000 tonnes of material per day? And have you given any thought at all to the enormous extra construction and then running costs entailed. You have posted this theory many many times on this thread.
I did assume that you were joking in your perhaps half a dozen posts suggesting a maglev train capable of 300kph as the maintenance train, presumably you were.
Then there’s all the many posts about it being a subway – commuter line- tourist train track etc. It goes from nowhere useful to nowhere useful unless you are taking something to the ports on the Tees. The planning permission for the project was conditional on keeping traffic to a minimum during construction by the use of a small park and ride for a temporary period, do you really think the parks authority would allow a railway station in the park.

Your point about an alternative port close to Whitby and presumably a tunnel feeding it was at least feasible, but I would think it was considered and rejected by Sirius in the early days because they already had one serious potential fight for planning permission on their hands and didn’t want another.

The conveyor system will take up a lot of the tunnel space – I saw one carrying material 12 km through the rain forest in East Kalimantan on Borneo at a rate of 11 million tonnes pa and it was a big conveyor, so yes it will be a strange little train, but it doesn’t have to do much does it?
That conveyor was run on generators, iirc.

If more of your posts were like the few about the alternative port, I wouldn’t have been so critical.

amaretto1, No.

[not my real name] 03/9/2019 13:09

grahamburn,

I am totally sceptical about this "Government involvement." It sounds like just another red herring to string us along a while longer. At the original Stage 2 fundraising the Government insisted that the $900m they were prepared to commit MUST be the last money spent. They would not part with a penny until the other $1.6bn was totally used up and Sirius had raised the $600m overspend from somewhere as well.

This time around, Sirius have to sell the $500m bonds BEFORE they can access the CB holders tranche which is currently held in escrow.

All these terms and conditions are screwing up everything that's possible and making it highly improbable.

The only outcome I can see is administration in the next few weeks, strip ALL shareholders bare then start again with the new owners having planning permission for everything and a $1.6bn head start that they get for free.

All IMHO,

NMRN

[grahamburn] 03/9/2019 12:38

BBC Local News report (linked in earlier post above) might provide some assurance to shareholders as it probably has some foundation - rather than pure speculation.

However, a General Election announcement this week could delay any decision on its implementation. Even though the government might talk the project up during an election campaign, it wouldn't be able to prevent the probable cliff-edge at the end of this month without a rock solid commitment.

[johnwise] 03/9/2019 08:36

Sirius Minerals
Published on 30 Aug 2019

In July 2019, Sirius Minerals teamed up with a local primary school to deliver a pilot STEM education project, as part of its education outreach programme. It is hoped that the project can be ultimately rolled out across all of the schools in the local area.

Video

[johnwise] 03/9/2019 08:15

Sirius Minerals
Published on 30 Aug 2019

In July 2019, Sirius Minerals teamed up with a local primary school to deliver a pilot STEM education project, as part of its education outreach programme. It is hoped that the project can be ultimately rolled out across all of the schools in the local area.

Video

[pazzuzu] 03/9/2019 08:02

Tosh. Goodwill leaked it to them. And smacks of pmq's pre dilution ramp. Dilution in T minus.....

[carla1] 03/9/2019 07:54

Good morning..anyone got any patter.. guess the time to buy was at 8p

[pugwash north] 02/9/2019 21:38

Speculation on government backing. Starts after 4.23mins.

[beeezzz] 02/9/2019 21:21

Are you on the right thread...?

MS - My knowledge of tunnel boring comes solely from a documentary on Cross Rail very interesting program...

I would imagine the conveyor would be nearer the centre of tunnel which would allow maximum width for maximum load, could be wrong mind...

[cantrememberthis2] 02/9/2019 20:45

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[amaretto1] 02/9/2019 17:28

U taken a long position yet Muckshifter ?

[wheeze] 02/9/2019 17:03

Btw, the worlds longest conveyor belt is 61 miles long, strangely enough carrying phosphate ore...https://www.neatorama.com/2014/04/23/The-Worlds-Longest-Conveyor-Belt-is-61-Miles-Long/

[kreature] 02/9/2019 16:46

That's quite a high horse you're on there muckshifter. Is it not ok to express opinions and facts here ? The target depth at Lockwood is 360 meters. Wilton is obviously at surface. That's just fact. Someone on here said there will be sections of conveyors. My opinion based on common sense is that there will never be a conveyor belt suspended from the ceiling of that tunnel. ATB

[muckshifter] 02/9/2019 15:46

Likewise trev1223,
I believe that the only posters I've filtered on this thread are deanroberthunt and johnwise. That was because they both habitually posted political nonsense and contributed nothing original to the thread. Even carla, who dishonestly posted probably 30 or so times insinuating that bits I posted about my life were not true, didn't get filtered, although just as irritating as kreature to me.

Anyway I'll wait a little longer to see if he continues.

[squire007] 02/9/2019 15:09

Sorted soon ;-)

[muckshifter] 02/9/2019 13:27

kreature,
Ever since you appeared on this thread, you have posted lots of absolute nonsense about the use of trains, eg, post 912 above.

I’ve always been curious while reading this drivel about why you post it, and came to the conclusion that either: a) you are a childhood Thomas fanatic who never grew out of it; or, b) you simply post it to irritate the rest of us; or, C) you have zero grasp of the commercial / financial and practical realities of this project.

If a or c above apply, please accept my apologies, but my suspicion is that b is your motivation.

As an aside, the conveyor runs loaded on a slight uphill gradient of approx half a percent overall ie. from start to finish, but obviously it has to follow the gradients of the tunnel sections along the route.

[rumobejo] 02/9/2019 12:37

meanwhike nice consolidation on the way to 11p and beyond...

[kreature] 02/9/2019 12:32

Literally. 300m to surface. And sections of conveyors ? Really ?