Hello pajm. Mining is planned to start next year so I don't plan on selling any time soon either.
My initial entry last year was based on
- MD resume
- location of BHP rail line (straight through it) and FMG rail 35kms away.
Still hold the same view that these two factors will get Brockman over the line compared to other juniors.
Bigger times ahead hopefully.
Hi Grace
you said in this post that mining was planned to start next year...is that stated in one of BRM announces cos it seems a little/way tight...
i would be thinking about 3 years until they can process anything and get it to port...dont get me wrong...next year sounds fantastic...but...
Mining study is due end of Q1. Wonder though whether they will rework the figures now that they have a bit more ore up their sleeve.
If that's the case then they're late. Obviously that info didn't come from a reliable source
Could also be waiting Grace for MD to return from China and hopefully scoping study ann will also include some news on any other developments.
When is he due back, I can't imagine they'd put an announcement out when he is OS........................................................................................
It is either this week or next. Sorry, my diary doesn't include everything!
Suspect the Chinese confidentialy agreements could be in relation to offtake, but just pure speculation on my behalf.
Bit of a run today, based on what?
FMG milestone: first ore from mine to port
Posted 25 minutes ago ( ABC News )
Fortescue Metals Group has celebrated a milestone with its first train load of iron ore from its mine to port. (FMG)
The Fortescue Metals Group has reached a significant milestone by running its first loaded train on part of a new rail line running from its Cloudbreak iron ore mine to Port Hedland.
"And then on to the train unloader and then on to the stackers, so it was basically the major part of the commissioning of the rail and port systems and yes we are very excited," he said.
Mr Forrest says other parties will have access to the new track.
He has also renewed his call for access to BHP and Rio Tinto's rail line, which follows a similar route.
"The fact that you've got railroads which are not being utilised by the public, but in fact kept selfishly for one company, to me and to everyone at Fortescue has never made any sense, so yes, our railroad, like we think BHP and Rio Tino's railroads, should be shared by the public."
BROCKMAN MOVES TO PRE-FEASIBILITY AFTER MARILLANA STUDY INDICATES POTENTIAL A$1B NPV
•Positive Scoping Study completed based on a 10Mtpa iron ore project at Marillana.
•Potential NPV’s ranging from A$876M to A$1,006M and IRR of 47-54%.
•Scoping Study based on previously announced conceptual 100Mt exploration target.
•Excludes recently announced detrital resource of +1 billion tonnes.
•Three development and ore transportation scenarios were evaluated.
•Pre-Feasibility Study to commence on expanded project encompassing the detrital mineralisation.
“The Scoping Study was commissioned last year based on our previously announced conceptual exploration target of 100 million tonnes of mineralisation to assess development options for the project and help guide our ongoing exploration activities,” commented Brockman’s Managing Director, Mr Wayne Richards.
“The Scoping Study therefore represents a conceptual development scenario based on a 10Mtpa iron ore project,” he continued. “Importantly, it confirms that this base case development is robust, with strong forecast returns.”
Last month, Brockman announced a major upgrade in the JORC Compliant Indicated and Inferred Mineral Resource estimate for the Marillana Project to 1.1 billion tonnes. The expanded resource encompasses both Channel Iron Deposits (CID’s) with grades ranging from 55-60% Fe (55% Fe cut-off) and detrital ore with grades ranging from 40-62% Fe.
It should be remembered that we do not have any third party access agreements in place at his stage, but we are in discussions with third parties in relation to these access agreements.
Hi YT, I believe that FMG's railway ends at Cloud Break which is the other side of the river valley from Marillana (35km). I think you're probably thinking of FMG's 'stranded' Mindy Mindy tenement which adjoins Marillana's east/sth eastern boundary. Mindy Mindy only has 44MT and is a 50% JV with CSM which probably explains why Twiggy has been loathe to extend the Cloud Break railway across the river flat to Mindy Mindy (I think there might also be environmental issues for building across the river). Mindy Mindy has BHP's Newman railway running through it, hence Twiggy using the legal processes to gain 3rd party access to that line. I agree that FMG would probably be pretty keen to get BRM to build the spur line in return for granting BRM 'favourable' rates to use its Cloud Break line.I reckon Twiggy will definately look for a JV/offtake option with YML/BRM because if I remember correctly FMG's huge deposit nearby at Cloud Break is also stranded without the rail, so I suppose if you put Marilliana and Cloud Break together the cost of extending the rail becomes almost insignificant
I reckon Twiggy will definately look for a JV/offtake option with YML/BRM because if I remember correctly FMG's huge deposit nearby at Cloud Break is also stranded without the rail, so I suppose if you put Marilliana and Cloud Break together the cost of extending the rail becomes almost insignificant
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