Zanaga Iron Ore Share Discussion Threads

[topazfrenzy] 22/11/2016 08:50

RIO, GLEN and BLT charging ahead this morning, as are other miners. This commodities cycle has only just begun I believe and could run for years and years. RIO at £10 in a few years anyone? Not out of the question if inflation takes off, they have all been cutting costs and are running very lean machines.

So where's the next supply of iron ore going to come from, especially the high grade stuff, well Zanaga of course. I'm sure Glencore will not want to totally let go of this one, at $2bn to get it operational is really very little considering the mine life, grade and cost of production.

If only more people knew the bargain that is ZIOC they'd all be making a fortune in 2017 and beyond imho. The £s come to mind!

No point even stock picking much with this one in one's portfolio! Hold for massive gains ahead ;)

[nash81] 21/11/2016 12:43

agree with you. for iron ore exposure, ZIOC is the most undervalued imho

can easily reach your target 20p but i may hold for much higher target :)

we will see when trump drump up mage projects in US

check out JLP , ALBA and WRES too...

[richie666] 19/11/2016 14:44

This is one of my top picks for 2017. 20,30p IMO if iron ore touches triple digits on sentiment alone. Possibly much higher if a consortia brought in to finally develop it. One of the highest ore content prospects in the world.

[nash81] 19/11/2016 12:46

nice one topaz on ZIOC

topazfrenzy17 Nov '16 - 15:14 - 2183 of 2190

I think you'll find that once Trump gets in properly next year, the Chinese will be scrambling to get their hands on any large resource of iron ore in Africa, they have already dealt on Simandoo by agreeing Rio Tinto's 50% share (for up to $1.3bn).

The Zanaga iron ore project is even bigger, so Chinalco buying out Glencore or ZIOC (and soonish) is a distinct possibility.

NAV is $1.4bn for Zioc's share so make your sums!

[topazfrenzy] 18/11/2016 18:23

Corporate Interview, albeit from 2014:



And another from 2012 which mentions Simandoo project and Rio Tinto:

One more from 2012:


Since then of course, the project has moved forward enormously and the economics for delivering the project hugely improved. With the share price a fraction of what it was! Bargain central or what!!

[gta5] 18/11/2016 11:30

It would look like although iron ore prices might recover a bit, there is going to be quite fierce competition in the near future. I was looking at the monster mine Vale is finishing in Brazil:

90MT, (350MT for the region...!?)

how would we stack up against their cash costs below $10/tonne? (and $28 delivered to china?)

I also note the huge issues Rio Tinto are facing in Guinea with the corruption scandal, maybe positive for us....

Are there any signs that Glencore or Zanaga are getting ready to revive this?

GTA.

(p.s. I note that Elphick is the only board member with a LinkedIn profile, where he only figures as CEO of GEM. Can't find much more about any of the others. Get the distinct feeling that it's been quite "mothballed" for some time now?)

[gta5] 17/11/2016 17:32

Brilliant info! many thanks topaz.

[topazfrenzy] 17/11/2016 16:34

GTA5

Here is the latest presentation about the project, from September 2016:

hxxp://www.zanagairon.com/pdfs/ZIOC-Investor-Presentation_21-Sept-2016.pdf

[gta5] 17/11/2016 16:09

thanks topaz.
Any ideas about the actual capex likely to be required? I can see that the old Xstrata numbers were around $7BN ($6BN for the pipeline option, pipeline alone was 1BN) now they're at 2.2BN? (pipeline at 400M)


hxxp://www.zanagairon.com/project/fs-results

Thanks!

GTA

[topazfrenzy] 17/11/2016 15:14

I think you'll find that once Trump gets in properly next year, the Chinese will be scrambling to get their hands on any large resource of iron ore in Africa, they have already dealt on Simandoo by agreeing Rio Tinto's 50% share (for up to $1.3bn).

The Zanaga iron ore project is even bigger, so Chinalco buying out Glencore or ZIOC (and soonish) is a distinct possibility.

NAV is $1.4bn for Zioc's share so make your sums!

[topazfrenzy] 17/11/2016 14:50

A little patience here could reap absolutely stunning rewards.

SP worth many multiples what it is now, market only just waking up and still VERY early days until it gets to fair value.

Environmental licence I believe is the last piece in the jigsaw then see the offers roll in, hopefully not much after.

Get in before the herd, the free float is only 27% or 75 million shares.

[gta5] 17/11/2016 08:56

shocking really.
you can sell for 4.750p but no offers to buy below 5.99p.
I take it that there is still one or more huge buy orders being filled above 5p.

Edit: Im in at 5p as of this morning. Bound to drop like a stone now. :)

GTA.

[emptyend] 17/11/2016 08:44

So now it is purportedly a market which is 4.26 bid and 5.99 offered.......

[gta5] 16/11/2016 18:21

if this project was to go ahead, how soon could production of ore start realistically?

[nash81] 16/11/2016 14:55

Trump will drum up huge projects in US (from early next year) and as such will drive up iron ore/steel/coal price even higher. mega rally about to begin imho.

i am expecting share price to improve significantly over next few weeks and months here.

[emptyend] 16/11/2016 13:49

I can't see the trade markers on the ipad. So that may be right, given a low liquidity stock. But a biggish trade at 5.0459 (just after I posted) knocked the bid side back to 5.00....... which suggests that is where the real bid is - and the offer side being pushed up from yesterday suggests to me there is a buy order for a decent quantity somewhere below 6.00.

[darlocst] 16/11/2016 13:41

Not interesting at all. Just ADVFN software doesn't update chart / current price until an AT trade is printed.

[extrader] 16/11/2016 13:38

Hi ee,

What does that suggest to you ?

TIA

[topazfrenzy] 16/11/2016 12:16

MMs must be working through a big order as the BID goes up with every sell and is in effect much higher than indicated.

We could see 6p smashed today, next stop 8p, this week even?

[topazfrenzy] 15/11/2016 15:54

apfindlay,

Read the fundamentals about the assets and the stage the project is at and you'll realise how ignorant your view is, sorry to say.

People buying and holding here are going to make many multiples going forward but I'm sure you've just jumped on the bandwagon, like a few others of course, part of the journey as always.

50p next year imho is achievable, this was trading at over £2 in 2011 and the board has not diluted so make your sums!

[apfindley] 15/11/2016 13:53

Yesterday's pumpToday's dump

[emptyend] 15/11/2016 08:34

Thanks for the iron ore price chart. So, the last time the iron ore price was at currents levels, the share price here was around 12-13p....?