ARH - Australasian Resources

[RichKid]

An article on ARH from the Herald here, also some references to Sydney Gas Ltd, not sure how accurate it all is but I thought it might be of interest: http://business.smh.com.au/dangerous-dealings/20071123-1cgo.html

 

[camaybay]

Sheeze!

What a story.

what goes on in our innocence.

But to be able to draw $sino devolopment is remarkable, big wheels moving.

DYOR

 

[Trader Paul]

Hi folks,

ARH ..... expecting some significant news, early this week,
as a positive cycle comes into play ... finances(???).

happy trading

paul



=====

 

[jackson8]

with fmg and mineralogy announceing a joint venture of types , i am wondering if anyone has any ideas to how this may affect the likes of citic and arh.
are they going to be left on the outer or will arh become an intrigual part of this venture

 

[tigerboi]

I get e-mails from ARH pretty often & while i dont hold as yet,with the current state of the market & the presentation i seen today see here:
http://www.austresources.com.au/pdf/latest_presentation.pdf
This entire project if ARH can get shougang to take some of palmers ground after production or if they get lucky,before?what you got here trendsetters is a gigantic monster with billions of tons of fe: 30 kms from the coast.so the transport via conveyor is a huge cost saver.this potentially is a real long termer buy put in shut the drawer & have a look-see in 3 years just as production starts,you put it against MIS & the rubbish that has gone on over there & they run rings around the MIS jokers,ARH will in time be 20 times bigger.i will be keeping a closer eye on ARH from now forward...tb

 

[tigerboi]

I get e-mails from ARH pretty often & while i dont hold as yet,with the current state of the market & the presentation i seen today see here:
http://www.austresources.com.au/pdf/latest_presentation.pdf
This entire project if ARH can get shougang to take some of palmers ground after production or if they get lucky,before?what you got here trendsetters is a gigantic monster with billions of tons of fe: 30 kms from the coast.so the transport via conveyor is a huge cost saver.this potentially is a real long termer buy put in shut the drawer & have a look-see in 3 years just as production starts,you put it against MIS & the rubbish that has gone on over there & they run rings around the MIS jokers,ARH will in time be 20 times bigger.i will be keeping a closer eye on ARH from now forward...tb

just want to make sure that link is ok.correct:http://www.austresources.com.au/pdf/latest_presentation.pdf

didnt seem to copy fully,

 

[kenworth69]

Looks like there will be a delay in the finalisation of the BFS until the end of April. However there should be a reserve upgrade released by the end of this month.

It is in Palmers best interests as the major shareholder and the vendor of the magnetite to sell ARH more tonnes. I think this is a no brainer it will just depend on how ARH can finance the acquisition of more tonnes.

Just more patience required until the facts are announced.

 

[dekla1]

ARH - Australasian Resources Ltd

Australian resources great little med-long hold about to announce pre-feasability on its iron ore should be 1 billion tonnes, should also recieve rights to another billion tonnes very shortly, Shougung (china) will be signing off on agreement by june. Output 24mt per year.
Big sp jump by july

 

[tigerboi]

1bt+ of io,all finance of the project taken care of with upgrades & the chance to buy ground off palmer to come soon,377m shares at the current price of $1.60 when you consider they were around $2.50 last year...extremely good value.

sleeping giant imo that has flown under the radar especially as its hooked up with the 4th biggest chinese steel firm...tb

hard to not be impressed...http://www.austresources.com.au/balmoral.html

 

[ta2693]

$1.58 ARH is pretty Cheap, I bought a lot today.
My decision to buy is based on High NPV and low risk involved
It is going to produce in 2010/2011 as plan
concentrated 5.2mt
Pellet 4.9mt
HBI 1.45mt

The current price for pellet is $2.202 per fe unit which is about $140/ton
concentrated is about $85/ton
HBI price is about $360/ton

The income it can get 700m+400m+400m= 1500m per year.
give ARH have 50% of joint, that means 750m at least every year.

In a recent Independent Expert report.
It is said, the sensitivity of Ore price to Share price 2010 should be 10%/$1.
the sensitivity of operation cost to share price should be 10%/$0.40

Currently the Price the Ore has about 100% increase from $1.1796/unit to $2.202/ unit. The price adjusted should add up another $10
In a recent company's ann, it said the "Shougang presented its engineering and cost proposal for the pellet plant to be located in China, with significant reduction in capital and operating costs potentially available to the project."
I think anything less than 25% can not be named as "significant".
So, there is another $1

It also mentioned "Company looking to commence a 12Mtpa operation in 2010/11, with strong likelihood of company acquiring additional tonnage from Mineralogy Pty Ltd and potentially increasing production to 24Mtpa"
What is strong likelihood? 60%?
if there is 60% chance to double your money, I give the news another $5 to ARH.

Finally, I come up to the price I expect is $5+$10+1+$5=$21 by 2010

The FS is done and in the process of internal review.The fund is arranged with Shougang. I think the price $1.58 has not reflect the stage and potential
income of ARH's project. $4-$5 may be a fair value by referring to the FMG's price developing history.

 

[tigerboi]

Its a sleeping giant this one for sure,i like its position which takes care of transport.arh,cfe,bmy,tty.all have got big location advantages..

 

[kenworth69]

The HBI plant is not going to be built. They have scrubbed it as per previous announcement.

The supposedly completed BFS is not complete. The promised resource/reserve upgrade is continually imminent but never announced.

Negotiations with Palmer for extra tonnes has now entered its seventh month without resolution.

I am becoming sick and tired of this stock. I have been holding for two years.

 

[kenworth69]

Thats a very nice looking Kenworth Aerodyne in your avatar Tigerboi. Do you drive trucks for a living?

 

[enigmatic]

Can anyone tell me were it states they are thinking about starting off at 12mta.

all i have been reading is 4-8mta ramping to 12mpta. Have not seen any mention of 24mpta, Is anyone able to show me some documentation were it states there going to or thinking about ramping to 24mpta

cheers

 

[kenworth69]

They have always stated a 12 million tonne per year operation from early last year. It will only double to 24 million tonnes per annum if they can negitiate more ore from Palmer.

However negotiations with Palmer over this are now entering there seventh month, without resoltion.

This stock needs to start delivering on some of its hype.

 

[tigerboi]

Thats a very nice looking Kenworth Aerodyne in your avatar Tigerboi. Do you drive trucks for a living?

yep sure do buddy,you know your trucks...i drive b/doubles mainly east coast express,got a few weeks off atm..thats a hi-trans double in the parking bay at merebin just out of mildura,on a run to adelaide..pull double/triple road trains as well...you drive?..tb

A trailer was a slide back van with dry freight

B trailer was a tautliner

 

[tigerboi]

Heres the trailers side on from the other side of the road..when nature was calling me..camera always handy..tb

note the wet patch at the legs!!:

 

[kenworth69]

No i dont TB. But i have always had an interest in trucks. My father had trucks when i was a kid. He had a couple of 1977 Fibreglass cabin Atkinsons pulling triple deck sheep crates in WA. One had a 350 Cummins donk and a 14 speed Spicer box. The other had a 6V92T donk and a 15 speed R/R box.

Australasian needs to start delivering on some of its activities.

 

[tigerboi]

We will get in trouble here so im going to start a truck photos/transport thread,in particular about my post regarding IO transport as the looming bottle neck is going to catch out some deep in the pilbara,good opportunity for transport companies to get some work...tb

 

[pilbara]

Is anyone able to show me some documentation were it states there going to or thinking about ramping to 24mpta

http://www.austresources.com.au/pdf/Quarterly Report Jan-Mar 08 final.pdf

"A revised Environmental Scoping Study document was submitted to the Environmental Protection Authority (EPA) which describes the full scope and intent of the Public Environmental Review (PER) document to be submitted in May, including the change from the potential production rate of 12 Mtpa to 24 Mtpa."