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HLX - Helix Resources

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I saw a good news for all iron miner.
The company agreed to a 79.88 per cent price rise for Pilbara blend fines and Yandicoogina fines, and a 96.5 per cent price rise for Pilbara blend lump for the fiscal year 2008.

"This is an extremely healthy price for Rio Tinto. It's about $US14 higher than we had expected," said John Meyer, head of resources at Fairfax I.S. in London.

Industry sources told The Australian Financial Review newspaper the increase would boost the iron ore price to around $US72.50 a tonne, and could increase national export earnings from iron ore to $US24.6 billion if BHP Billiton and other local miners secured the same price.

But I do not quite understand the following
"The new reference prices per dry metric tonne Fe unit for 2008 are $US1.4466 for iron ore fines, and $US2.0169 for iron ore lump, Baosteel said."
Does anyone can give me a hint what that mean?
 
ta2693 said:
But I do not quite understand the following
"The new reference prices per dry metric tonne Fe unit for 2008 are $US1.4466 for iron ore fines, and $US2.0169 for iron ore lump, Baosteel said."
Does anyone can give me a hint what that mean?
Click to expand...

http://www.asx.com.au/asxpdf/20080624/pdf/319sm8t9cmdm8j.pdf

Helix has what 55% average grade? So if the price was US$144.66 dmtu that would be (55 x 1.4466 = US$79.53 per tonne) at that DMTU price.

The price used is for a blend of fines including Yandi. I don't know exactly what its make up is. The price used would be different for Helix, perhaps US$130 cents dmtu.

The $72.50 that you posted stumps me as it is indicating 50% iron. At todays price, maybe its an old price or Maybe it is correct... But I expected it to be higher.

The part that interests me is the gain in the difference of the quality of the ores. Last year 22% now 28%. I hold Grange (GRR) although Magnetite, it is upgraded to become some of the best iron ore available. That will continue to be in demand.
 
Anyone notice the HLXO's got smashed today on low volume

Helix has been quiet (as usual) for some time now.
I really hope I haven't wasted money on buying these options
 
Hey Nuke,

Although it was only 700 bucks worth it didn't look very nice did it.
I'm also wondering what to make of the new sell @ 25c too, certainly stands out

Considering our esteemed director (and number 6 shareholder) Mr Wheeler just stumped up over 600grand in an off market transaction to absorb the number 7 shareholder (approx 26c per share) I'm assuming the latest round of selling is just distressed sellers?????????

Hopefully not famous last words.

I'm sitting on a pile of options too mate so we can hold hands?
 

Afternoon Helixers,

Excerpt from IOH's recent ann' concerning mine gate sales agreement with Rio.

"Iron Ore Holdings (IOH) is pleased to advise that it has entered into an arrangement with Rio Tinto for an annual mine gate sale of up to 1.5 million tonnes of iron ore from a new mine to be developed at Phil’s Creek, north west of Newman.
The Phil’s Creek deposit comprises 8.3 million tonnes of Indicated Mineral
Resources grading 58.1%Fe, reported in accordance with the 2004 JORC code.

Following the confirmation of the feasibility of developing the Phil’s Creek deposit, the mine would be owned and operated by IOH, and Rio Tinto would purchase the supplied ore and blend it for sale to its customers. IOH would deliver the ore to Yandicoogina stockyard where Rio Tinto would assume ownership and accommodate it on its integrated rail and port system."

Interesting possibilities for API JV with Mesa J sitting square in the middle and only 30 k's from us?
 
I see the seller of 100,000 options has pulled his order.

At this stage i would just assume that its becasue of the highly unlikely chance of the HLXO's getting to 10c!
 
Well I must say I found todays report...hmmmm boring.

Toro...doing nothing!
Minotaur...doing nothing!

In fact most of the info looked like stuff I read in the last announcement.

I like the fact that HLX has such a broad interest in various places and minerals...but geez this would have to be one the most boring and unproductive (sp wise) stocks that I own!

Lucky those option don't expire for a while yet.
Might just get lucky and something might happen before the end of June 09:
 
Well...even though the excise date isn't till June next year, Ive pretty much kissed the money for these Hlx options goodbye!

Really bad to see Hlx dip below 10c today, but not suprising when u see a producing companies trading at such a discount.
 
6.5c ouch for holders.....

Greg Wheeler must be feeling good about his purchases over the last few months....:
 
So what do you guys think of todays announcement?

I thought 80+ MT of Iron Ore was good.
CID too.

Open as well at Robe i think it was.

HLX undervalued now?
 
helix have annd that it has been advised anglo american has withdrawn from the booyema nickel jv (where anglo was to earn 80% by spending $5M over 5 years)

cheers
 
Thanks for that.

After nothing happened with the last announcement I bailed from HLX for a decent loss.
I still hold the options but they are looking worthless right about now.
 
Oh well. There goes a few grand in wasted options

I don't even follow HLX anymore.

I'd rather look at bigger fish involved..like AQA.
 
I see no one has commented on HLX for a while - I think the times has come to look at this one again.

If any of you have not been there go to www.rbmilestone.com/register and sign up - it is free you can then download a 27 page report on HLX.

I do not agree with all the assumptions made in this report I would prefer to be a bit more conservative. Taking PV calculations on what I consider to be more realistic worse case scenarios I still come up with a price for HLX just above $0.52 as at today's date.

In other words I am stating that the SP of HLX should be just above $0.52 now being ultra conservative.

Once the mines are in production or even better the JV partner buys out HLX's 30% stake then HLX will have a lot of cash and could arguably be valued well above %0.52.

The analyst at RBMilestone comes up with $0.95.

On my calculations the HLXOAs should be trading ar around $0.47 some 400% higher than where they are now once that NPV is reflected in the SP.

I was impressed to see that RB's analyst has used WACC and DCF models to back up their target of $0.95

I was busy buying this stock last week and am now full - so sorry if you consider this an attempt at ramping, however I think RB Milestone has already done that with their target of $0.95.

I would be interested in any comments or feedback from ASFers on the RB report.

EB
 
exberliner1 said:
I see no one has commented on HLX for a while - I think the times has come to look at this one again.
Click to expand...
10 years later...same again. Ha.
Nearly 1100 posts on it, back in the day. Have they been hibernating?

Well, the company still exists, with the same name.

A speccie long entry taken.
If it all goes pearshaped, I blame myself. But will thank @Dona Ferentes for mentioning it, if all goes well !
Hoping price holds in anticipation of further favourable drill results, but not holding my breath.
Noted not a lot of selling volume, more buying action. Market depth is certainly weighted in the right direction.

 
HLX intersects massive copper sulphides in second hole at Canbelego.


Great result for HLX. Plenty of potential here now with continued drilling that will better define the resource. it looks like the mineralisation is widening and increasing with depth.

Share price has doubled this morning on huge volume.
 
Well hit the ground, took off! up 64.52% Volume 212,351,857, 52wk high/low 0.051 - 0.006 (predictor) closed @ o.o51,

 
 
Helix’s Managing Director, Mike Rosenstreich commented “We are cracking the code on what controls the high-grade copper zones using sophisticated geophysics, accurate drilling and good geology. This third drill intercept has significantly increased the interpreted down dip and along-strike dimensions of what looks to be a series of high-grade copper shoots along the Canbelego structure. Looking forward to the downhole EM results for hole 3 – the EM in hole 1 really vectored us into the strong-copper sulphide zone in hole 2. There is real potential to further extend these mineralised shoots as well as find adjacent structures as I think our team is starting to sniff out.”
Announced today;


 
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