Sean K
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hm, yes, it was all presented in a nice little table. Strange comment. Maybe he expected it to be in the summary and didn't read on...
hm, yes, it was all presented in a nice little table. Strange comment. Maybe he expected it to be in the summary and didn't read on...Firstly, did you just sign up to ASF to post that comment?
Secondly, did you even read the announcement?
It quite clearly states the Phosphorus content going in and coming out post-beneficiation (less then 0.08%).
Anyone picked up this report from Arrowhead (whoever they are?)
Due Diligence and Valuation Report
Arrowhead Code: 14-01-04
Coverage initiated: 1 July 2009
This document: 11 February 2010
Fair share value bracket: AUS$5.04 to AUS$25.21
Share price on date: AUS$2.98i
Can NEVER be too cynical with 'fundamental' analysis basilio.Am I just too cynical ?
Firstly, did you just sign up to ASF to post that comment?
Secondly, did you even read the announcement?
It quite clearly states the Phosphorus content going in and coming out post-beneficiation (less then 0.08%).
$3.00 was the major resiistance on that chart with all time high about $3.25. Really nicely consolidated above $3.00 and then finally pushed through. What a dream run.Looks to be going through all time highs.
I stand corrected, to my embarrassment, yes it was just the summary..
Would it be a correct statement to be made that with the benefication and heavy liquid sep these figures represent a minimum for profitability of mining the ore for a profit at todays prices?
So just the small matter of railway tracks left... they run so close to brockman, yet they are so far away...
ASX Release: 8 March 2010
BROCKMAN ON TARGET WITH DEVELOPMENT OF NEW IRON ORE PORT
Completion of a Favourable Pre-Feasibility Study for the Development of Multi-User Berths at Port Hedland
Port Pre-Feasibility Study for the development of multi user berths and associated infrastructure at Port Hedland completed by North West Iron Ore Alliance (“NWIOA”)
Study confirms viability and capability of development plans to accommodate NWIOA members’ projected 50 Mtpa of iron ore exports by 2013
Major positive implications for the development of Brockman’s Marillana Iron Ore Project
BRM speeding ticket yesterday, as you'd expect. Amazing run on the back of IO price rises.
Plus, they are slowly ticking the right boxes for a move to development.
Now, if they could jut get into a MOU with BHP for the use of their line that runs through their deposit, that could be handy. Maybe even agree to upgrade the line a little here and there and build some second stretches of line to accommodate the extra traffic.
EV still only $420m ish when they are sitting on so much IO, without even starting on their other prospects..
Yeah, what have they been up to here? Seems like they've been almost sitting on their hands in the office waiting for approvals while they've forgotton to keep drilling elsewhere. Or have they?Also what you said needs to be reiterated - they have several other interesting and potentially viable projects. Duck Creek could well be another company maker in the winds. Wayne Richards stated late last year that he intended to start drilling at there other exploration tenements in 2010 which will also spur on more interest.
Yeah, what have they been up to here? Seems like they've been almost sitting on their hands in the office waiting for approvals while they've forgotton to keep drilling elsewhere. Or have they?
Some healthy profit taking going on at the moment, as you'd expect after such a great run. Some punters taking some well earned profits.
Has run away from support a little, now looking at very minor support here, before back to the all time high area, then uptrend support as shown.
Unhealthy those spikes imo...
Our principal focus during the year has been the Marillana Iron Ore Project, and this will remain the case during the forthcoming 12 months. Strategies to progress the potential development of our other iron ore tenements in the West Pilbara as the basis for future production hubs are
also currently being assessed, and will be progressed as opportunities present themselves. We have 26 tenements that are currently 100% owned and have either been granted or are priority applications for approval.
Duck Creek
Last last year Brockman reported on initial exploration success from its Duck Creek iron ore project, located about 115km WNW of Paraburdoo in the West Pilbara
region. Assessment of results received from helicopter-supported surface rockchip
sampling has highlighted exploration targets* at Duck Creek with a combined
potential for 30 – 50 million tonnes of iron ore grading 56 – 59% Fe). Mineralisation forms discrete mesas of channel iron deposits (CID) 15-30m above the surrounding plains and so stripping ratios would be expected to be very low for the targets identified. Nine mesas containing ore grade CID mineralisation were identified during the sampling programme.
A total of 289 samples were collected, of which 109 returned results above 55%
Fe. These ore-grade assay results are comparable in geochemistry to the CID
mesas in the region (eg. the Red Hills CID deposits) with the average grades of iron (Fe), silica (SiO2) and alumina (Al2O3). being 57.3%, 4.87% and 3.21% respectively. With relatively high LOI (Loss-on-ignition) the calcined iron
grades within the target areas range from 61– 66% Fe.*
The Duck Creek results are highly encouraging, with the tenement shaping up as part of a potential second operation for the Company (after Marillana) in the West Pilbara
region of Western Australia. The Company expects to carry out confirmatory drill testing of the mesas as soon as the requisite approvals have been obtained.
Seems like BRM is riding the wave with the recent news of 100% increases in iron ore prices across the board.
The Age - BHP, Rio get more time
April 17, 2010
AUSTRALIA'S competition regulator has suspended its review schedule for the proposed Rio Tinto and BHP Billiton iron ore joint venture to give the companies more time to respond to questions.
The Australian Competition and Consumer Commission said yesterday the suspension would allow the companies time to answer a request for more information made on March 30. The ACCC was supposed to announce its findings on May 27.
Rio and BHP, the world's second-largest and third-largest iron ore exporters, plan to combine mines, railways, ports and workforces in Western Australia's Pilbara region in a 50:50 joint venture to save at least $10 billion. Steel makers in Europe and Asia oppose the deal.
The ACCC said last month it would study whether the venture and Rio de Janeiro-based Vale, the largest iron ore exporter, would have more ability to co-ordinate supply decisions.
South Korea's competition regulator plans to complete a review of the proposal in the second half of the year.
Share price is still sitting tight waiting for a rail agreement.
I wish the ACCC would grow some balls & start pushing the companies around.
Sitting on the sidelines giving them more time to answer questions - come on!!
This whole fiasco has been going on for like 7 or 8 years. The longer BHP/RIO keep 3rd party rail in the courts, the longer they can keep juniors at bay.
Poor form ACCC.
I'm not sure if that's feasable JTLP. If a major doesn't buy them (BHP should have but $1) then I think we'll find an offtake partner come on board to finance development and take the product on the cheap. This was quite possibly the biggest no brainer in the investment world at the bottom of the GFC. Should have made some people a lot of money!This will probably wager on for years...why not spin your statement on its head and ask the question why BRM doesn't grow some balls and go it alone?
I'm not sure if that's feasable JTLP. If a major doesn't buy them (BHP should have but $1) then I think we'll find an offtake partner come on board to finance development and take the product on the cheap. This was quite possibly the biggest no brainer in the investment world at the bottom of the GFC. Should have made some people a lot of money!
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