AEV - Avenira Limited

[Evangeline]

Re: MAK - Minemakers

Hi all

Did you read this part in the Quarterly?

"The other known area of interest to date is the Arruwurra Prospect, 15kms from the Main Zone. Outcrop grades at that location already attain over 30% and this area will be drilled as a matter of priority to determine the potential for a near-surface deposit, which could be developed more economically than the Main Zone due to a lower waste stripping ratio, and the possibility of it being direct shipping ore which might mean that the Company could defer construction of a processing plant until subsequent development of the Main Zone."

Could mean very little debt or dilution is necessary if they can get some cash flow from Arruwurra first with no processing plant...could also speed up time to production...

 

[ormond]

Re: MAK - Minemakers

Just wondering if anyone has worked out the logistics of transporting 2-3
million tonnes of RP by road to tennent creek.It seems like an awfull lot of
truckloads of RP working on the assumption of 100-120 tonnes per truckload.
What would the cost of a rail line or a slurry pipeline be?

 

[Dezza]

Re: MAK - Minemakers

This post was courtesy of another forum. It might help answer your question...

"Here's a reply from AD regarding trucking the 2million tonnes to Tennant Creek ..........

"Thanks for the query. All early days of course, but you have probably seen that we have now appointed independent study managers. Minemakers preliminary trucking enquiries indicate that a prime mover and multiple trailers in a road train should be able to take 100 t per trip. It is the ability to move tonnage that is capping our current thinking of 2-3Mt annual capacity limit.

As we have advised other shareholders, an alternative is to consider a rail link as that would remove that tonnage limitation, but that is a very high capital route and the Company is going for a low capital development. If someone (?government) wants to build a Tennant Creek/ Mt Isa rail link one day, we would probably prefer to use it as it should lower operating costs but it is all talk beyond Minemakers at present."

Perhaps looking to contract out the transporting might be better off than building...or maybe their neighbours IPL can build one for them?! :

 

[grace]

Re: MAK - Minemakers

Perhaps looking to contract out the transporting might be better off than building...or maybe their neighbours IPL can build one for them?! :

Why wouldn't IPL just ramp up their own mining if they wanted more rock? Production at phosphate hill is currently 970 000 tonnes pa and I believe this accounts for 70% of their current use. IPL are also now importing from Nauru who will now produce 500 000 tonnes for the next 15 years. Here is the link to abc landline story on it several weeks back. Looks like IPL have secured all of their needs for some time.

http://www.abc.net.au/landline/content/2006/s2176130.htm


I also see Morocco is ramping up production. Morocco is the worlds largest producer of rock phosphate with 29 million tonne produced annually. Of this 45 - 50 % is exported.

http://pib.nic.in/release/release.asp?relid=36923

There is plenty of room to increase supply around the world. Westfarmers are also sitting on a nice deposit on lynas ground. Also there are some deposits around Mt Isa with better infrastructure than NT.

 

[Sean K]

Re: MAK - Minemakers

with my crystal ball I see another forming somewhere between the blue lines, and then hopefully a continuation of the uptrend. If it does form, then the target may be the length of the pole, which is some target. Pure speculation of course, we need to wait and see how it pans out. Would be nice though.

That pennant/flag is starting to take shape, but who's to say where it goes from here. Would like to see some support being formed above $2.00 to maintain the upward trend.

Another good ann on any of the imminent events might be required to send focus back on to it.

Charts 4 Apr and 12 Apr.

 

[Evangeline]

Re: MAK - Minemakers

Hi all

The latest Fertreport is out....with DAP going over $1200 a ton....China has now imposed a 100% export tax...always watch out for this weekly report now...I have posted the link earlier

Also Andrew Drummond will be interviewed Monday around midday on Boardroom Radio...presentation entitled "Australia's Shining Conference"...interesting....could mean that there will be an announcement to the asx in the morning that he is clarifying with this interview.

AD is always impressive in his interviews

 

[Evangeline]

Re: MAK - Minemakers

Having said this, I took some profits off the table while the sp was around $2.50 and I am now free carried with the bulk of my shares...certainly gives a feeling of security lol

 

[Captain_Chaza]

Re: MAK - Minemakers

Hi all

The latest Fertreport is out....with DAP going over $1200 a ton....China has now imposed a 100% export tax...always watch out for this weekly report now...I have posted the link earlier

Also Andrew Drummond will be interviewed Monday around midday on Boardroom Radio...presentation entitled "Australia's Shining Conference"...interesting....could mean that there will be an announcement to the asx in the morning that he is clarifying with this interview.

AD is always impressive in his interviews

It seems to me that CDR. Andrew Drummond always seems to come out with something at the right time

Could this be the chart he is using?

Salute and Gods' speed

 

[Adam A]

Re: MAK - Minemakers

Gday Evangeline
can you help me please? where can i find the latest increase in dap prices,can't see $1200 a tonne anywhere thanks in advance

 

[Greystone]

Re: MAK - Minemakers

Re: Boardroom Radio - I have just listened to AD interview - approx. 15 mins. - he talks of trucking 3m tonnes annually to TC & then by rail to port (Darwin I presume) and an income from this project (2 years to get off the ground) of $1b against costs of $100m - based on todays costs, rock phosphate price.
Other projects discussed include Tas. & WA iron.
Moina may not be easy to mill, extract ore . I would like AD to sit down and have a discussion with Philip Wood of Intec (INL). They are (will be) building a plant about 50k down the bitumen hghwy from Moina using a unique patented process for the extraction of hard to seperate minerals.(Mango could fill everyone in on this process )
Anyway, if they can get Moina off the ground, there's another $1b annually plus other projects to come.
MAK really looks like having more than one company making projects.

 

[grace]

Re: MAK - Minemakers

Andrew Drummond always seems to come out with something at the right time

I think he is running a worm on hc, and every time the sentiment drops, he pulls something out of the news bag! Fantastic if you are holding though!

 

[Markcoinoz]

Re: MAK - Minemakers

Gday Evangeline
can you help me please? where can i find the latest increase in dap prices,can't see $1200 a tonne anywhere thanks in advance

Adam A,

http://www.fertilizer-index.com/

http://fertilizerworks.com/fertreport/pdf/2008/TheMarket-041108.pdf


Cheers markcoinoz

 

[Sean K]

Re: MAK - Minemakers

Re: Boardroom Radio - I have just listened to AD interview - approx. 15 mins. -

Recorded presentation here:

http://www.brr.com.au/getpodcast/44510/event.mp3

Says that diamond drilling starts this week. Might be ann'd today perhaps.

Also discloses there may be some 'corporate action' on Fraser Iron. Under discussion for disposal I assume, doesn't sound like JV. It's no longer a core asset? Would have to assume GRR would be the people they're speaking to.

 

[adamim1]

Re: MAK - Minemakers

Might be a good idea to buy some shares today then in anticipation for an announcement.

I'll buy some today......

 

[adamim1]

Re: MAK - Minemakers

Bought some at 2.00 today. See where it goes. I only bought 500, but I'll see what happens in the future.

 

[Captain_Chaza]

Re: MAK - Minemakers

From Bloomberg


Agrium, Potash, Mosaic Set Records on Outlook, China (Update1)

By Christopher Donville

April 14 (Bloomberg) -- Agrium Inc., North America's third- largest crop-nutrient maker, and two rivals rose to records in U.S. and Canadian trading after Russian producer OAO Uralkali said potash prices may surpass $1,000 a metric ton this year.

Agrium jumped C$4.90, or 6.7 percent, to C$78.09 at 4:15 p.m. on the Toronto Stock Exchange after earlier touching an all-time high $78.25. The shares have advanced 67 percent in the past year as crop-nutrient prices rose and fertilizer producers sought to keep pace with expanding demand.

Potash, a form of potassium, may reach $1,000 a ton ``rather fast'' because world output trails demand by 1.2 million tons, Oleg Petrov, sales chief for Berezniki, central Russia-based Uralkali, told investors today on a conference call. A price topping $1,000 a ton would be a fivefold increase from 2007. Both Potash Corp. of Saskatchewan Inc. and Mosaic Co. set new highs.

Agrium, which sells potash and other nutrients, also gained after UBS AG analyst Brian MacArthur raised his price target on the Calgary-based company's New York-traded shares by 9.2 percent to $95, citing higher fertilizer prices. MacArthur also lifted his target for Potash Corp., the largest maker of crop nutrients, by 11 percent to $235 a share.

Potash and other nutrient prices will rise after China imposed duties of 100 percent or more on phosphate and urea exports, Toronto-based MacArthur said today in a note to clients.

``Panic will likely continue to unsettle the market'' for potash, MacArthur said. He rates Agrium shares ``buy.''

Price Forecast

MacArthur also forecast phosphate prices to surpass $1,100 a ton, to $1,105 this year. Urea, potash and phosphates are all used to make fertilizers.

Saskatoon, Saskatchewan-based Potash Corp. rose C$2.66, or 1.5 percent, to close at a record C$185.35 in Toronto after earlier reaching $188.02. MacArthur also rates Potash shares ``buy.''

Mosaic, North America's second-largest producer of crop nutrients by market value, rose $4.79, or 3.9 percent, to close at a record $126.40 in New York Stock Exchange composite trading. Mosaic, based in Plymouth, Minnesota, touched an all- time high $127.78 earlier in the session.

To contact the reporter on this story: Christopher Donville in Vancouver at cjdonville@bloomberg.net.

Last Updated: April 14, 2008 17:19 EDT


Salute and Gods' speed

 

[Sean K]

Re: MAK - Minemakers

And the news for poo products just keeps getting bigger.

Doesn't sound too good for farmers and Africa though.

WINNIPEG, Manitoba, April 14 (Reuters) - China may slap an export tariff of 135 percent on phosphate fertilizers and 100 percent on urea nitrogen, creating concern about prices in an already tight market, UBS said on Monday in a research report.

Citing news reports, analyst Joe Dewhurst said the tariffs would stop Chinese phosphate exports, removing 19 percent of traded volumes for granular phosphates, which are important for India, Pakistan, Australia and Latin America.

"Traders from these countries are already voicing concerns on price impacts," Dewhurst wrote in the report. "The vacuum that will be created is substantial."

Dewhurst raised his estimate for phosphate prices by 16 percent to $1,105 per tonne for 2008 and by 47 percent to $1,100 per tonne for 2009.

China's tariff may cause spot urea prices to jump, although Dewhurst said he expects them to remain in balance for 2008.

But he raised his urea price estimate for 2009 by 14 percent to $400 a tonne, since China accounts for about 16 percent of traded urea volumes.

The export tariffs also reveal China, the world's largest potash consumer, has a weak negotiating position for potash import prices, Dewhurst said.

"It is likely that China will settle as a minimum at the Indian contract price, but could realistically be at prevailing spot," he wrote.

Earlier this month, India agreed to buy potash at the going spot market price of $625 per tonne for 2008 from major suppliers, which then pushed spot prices to $750 per tonne.

China has been out of the potash market in 2008 as it negotiates its annual price with suppliers.

Dewhurst raised his overall potash price estimates by 29 percent for 2008 to $611 per tonne and by 62 percent in 2009 to $850 per tonne.

UBS raised price targets for Potash Corp (POT.TO: Quote, Profile, Research), the world's largest fertilizer producer, to $235 from $211 and Agrium Inc (AGU.TO: Quote, Profile, Research) to $95 from $87.

Potash shares were up 2 percent or C$4.14 at C$186.86 on the Toronto Stock Exchange on Monday after earlier hitting a record C$188.02.

Agrium was up almost 5 percent or C$3.60 at C$76.79 after touching a record C$77.50.

UBS also said Israel Chemicals Ltd (ICL.TA: Quote, Profile, Research), Uralkali (URKA.MM: Quote, Profile, Research), Yara (YAR.OL: Quote, Profile, Research), Incitec Pivot (IPL.AX: Quote, Profile, Research) and others would benefit from the higher prices.

($1=$1.02 Canadian) (Reporting by Roberta Rampton; editing by Rob Wilson)

 

[Fed23]

Re: MAK - Minemakers

Can someone give me an explaination why at 3pm today the share price of MAK sky rocketed 17%?

I was watching this all day and there was no accouncement.

 

[adamim1]

Re: MAK - Minemakers

I know, i get alerts sent to me, it has been trading 1.98 -2.07 for most of today and yesterday and last trade today was 2.35. Maybe a mood swing by investors.

 

[shaunm]

Re: MAK - Minemakers

I was more along the line of thought as to why the hell the share price dropped so much yesterday. I'm quite relieved that it is back up again.