HRZ - Horizon Minerals

[julius]

Does anyone have any further info on the history of Van prices ?

I've only been able to find recent quotes (<12 months)

cheers

 

[arae]

Here's a chart from 1980 - 2004

http://www.goldmau.com/vanadium.pdf

"Historically the price of Vanadium has followed a spike-crash-shakeout pattern, with long periods of depressed prices followed by brief price spikes"

Demand is expected to rise until 2010. Currently at about 100 000t/pa

 

[arae]

As for IRC having IGV of $1.5 trillion for Vanadium it's worth keeping this in mind;

Present global demand of Vanadium is at 100 000t/pa

Even if IRC held 100% of the global market for Vanadium, it would still take 185 years to exhaust their supply.

You can play with the figures in various ways, but $1.5 trillion IGV doesn't hold as much meaning to shareholder wealth as perhaps it first appears.

As noted in the article in the previous post, oversupply of Vanadium also leads to sharp price falls as the big boys continue to stockpile during the quiet periods to push the little guys out.

In saying that, I hold some IRC as I still believe it's yet to reach true value. Although, it no doubt seems to be getting closer.

 

[julius]

Thanks arae, that's what I was after.

From the WVL website...

A 2007 independent market study by CRU forecasts growth in the annual demand for vanadium of 7.8% due to increased steel consumption worldwide, the likely increased intensity of vanadium use in developing economies and predicted greater use of vanadium-titanium alloys in aerospace.

 

[julius]

Would anyone be able to provide a ballpark estimate for vanadium extraction costs ?

Thanks, still new to this

 

[YOUNG_TRADER]

As for IRC having IGV of $1.5 trillion for Vanadium it's worth keeping this in mind;

Present global demand of Vanadium is at 100 000t/pa

Even if IRC held 100% of the global market for Vanadium, it would still take 185 years to exhaust their supply.

You can play with the figures in various ways, but $1.5 trillion IGV doesn't hold as much meaning to shareholder wealth as perhaps it first appears.

As noted in the article in the previous post, oversupply of Vanadium also leads to sharp price falls as the big boys continue to stockpile during the quiet periods to push the little guys out.

In saying that, I hold some IRC as I still believe it's yet to reach true value. Although, it no doubt seems to be getting closer.

Hey Arae, yes thats very true, IRC does in a sense have TOO MUCH Vanadium, but then again you can never have too much of a good thing, how much Copper or Uranium did WMC have at Olympic Dam? To make a guess I'd say enough for 100years + worth of Uranium World Demand and probably 25years+ of Copper demand,

My point is the majors like to maintain control of very large long life assets such as this (ie BHP buying WMC), especially those who want to keep a monopoly on the mkt, now I'm not sure who the Worlds largest Vanadium or Moly producers are (I'd guess the V would be a South African company) but no doubt the sheer volume of V that IRC posses must worry them,

IRC have been progressing away for many years at Julia Creek but the most important pre production phase is about to begin "PILOT SCALE TESTWORK"

If Ruane can prove the project to be viable, then given the sheer size of it I am sure a large Vanadium player from South African or maybe even a large Moly player or even a commodity trader would suddenly appear

and Julius we're not sure yet what the costs are going to be as the company is yet to release its PFS or Scoping Study results, however I would say that they would have to be less than $30/kg, given the grade I doubt it will be less than $20/kg, we shall know shortly once the study results are out

 

[Gekko]

A few ppl seem to have contacted Michael Ruane and have been told that RIO has been pegging the grounds surrounding Julia Creek. If anyone here has called Michael and been told similar, please do share the feedback that you received. Especially with regards to the Rio Tinto interest.

 

[YOUNG_TRADER]

Gekko,

When I questioned Michael as to why the company lacked any form of promotion, ie web page, broker support/broker coverage he responded with something along the lines of that he wanted to keep things quiet until he had perfected the process, his main concern was that a major would come along and take out the company before he was able to show true value, but I then commented on how because he owns 30%-40% of the company he could easily block any such move, he agreed with this but then also said that he didn't want others pegging any grounds that contained extensions of Julia Creek, I can't remember 100% but I'm pretty sure he said wither RIO or Xstrata were peggin grounds nearby, or adjacent,

I sorta laughed and said well its not like you need any more ore or tonnes, but then he said that there maybe higher grade ore in adjacent grounds etc etc

At the end of the day I think its a bit irrelvant really, as far as I'm concerned IRC have plenty of ore to process, let the majors peg grounds nearby I say, promote the company so they take a look at IRC, a project of this size and scale NEEDS A MAJORS JV SUPPORT AND ASSITANCE

 

[Gekko]

Gekko,

When I questioned Michael as to why the company lacked any form of promotion, ie web page, broker support/broker coverage he responded with something along the lines of that he wanted to keep things quiet until he had perfected the process, his main concern was that a major would come along and take out the company before he was able to show true value, but I then commented on how because he owns 30%-40% of the company he could easily block any such move, he agreed with this but then also said that he didn't want others pegging any grounds that contained extensions of Julia Creek, I can't remember 100% but I'm pretty sure he said wither RIO or Xstrata were peggin grounds nearby, or adjacent,

I sorta laughed and said well its not like you need any more ore or tonnes, but then he said that there maybe higher grade ore in adjacent grounds etc etc

At the end of the day I think its a bit irrelvant really, as far as I'm concerned IRC have plenty of ore to process, let the majors peg grounds nearby I say, promote the company so they take a look at IRC, a project of this size and scale NEEDS A MAJORS JV SUPPORT AND ASSITANCE

In my first post on IRC i think i said it appears that Michael has deliberately keep the share price down so he could buy more. I noted this was the sinister side of me speaking, but your conversations tell me he has intentionally kept things low key. My sinister side says to acquire more, but head so as to not attract interest so he would have little competition in pegging surrounding leases.
If anyone has spoken to Ruane or does during the week, let us all know.



This was found on the web
http://www.mining-journal.com/wms_ma...rticle_id=4580

 

[YOUNG_TRADER]

So IRC is starting to get a bit of media coverage, well its about time, shine the spot light I say

Interesting article Gekko, what wasn't mentioned is that IRC holds shares in Xtract UK and Cambrian Mining so with the incrase in their SP's so to does IRC's NTA increase (ie as with its RWD holdings)

I'll try and do a new NTA tomorrow, its getting late

 

[Gekko]

So IRC is starting to get a bit of media coverage, well its about time, shine the spot light I say

Interesting article Gekko, what wasn't mentioned is that IRC holds shares in Xtract UK and Cambrian Mining so with the incrase in their SP's so to does IRC's NTA increase (ie as with its RWD holdings)

I'll try and do a new NTA tomorrow, its getting late

Yt did you get a chance to work out that new NTA. It should have risen. Should be above word limit now.

Thanks

 

[YOUNG_TRADER]

Yt did you get a chance to work out that new NTA. It should have risen. Should be above word limit now.

Thanks

Whopps, sorry forgot I said I'd do that,

Funnily enough its still around 22c/23c as even though CBM has risen IRC's holding wasn't huge,

Was good to see IRC close strong after a few profit takers sold out

Can't wait to see what the qtrly has to say

 

[YOUNG_TRADER]

wow this has to be like the 3rd time IRC has fallen to 35c and then rebounded strongly off it,

Not sure why the sell off, maybe profit takers but looks like buyers are now moving back in with strength

Notice RWD broken out to new highs which obviosuly improces IRC NTA, I think its 25c now

 

[Sean K]

Hey LN! Yep, 35 firmed up as ok support in the short term. A Pole and Pennant starting to form up here. A break to the upside gives a target of around 50 cents. Will probably find some resistance at all time highs just above 45 though. Great volume confirming strong break out.

The pennant discussed here didn't quite make it's projection due to that resistance I feel. Now a new one seems to be formed on a longer term view. Projection is the length of the pole which is .52 ish give or take a cent depending on where you think the base of the pole is and where the break up occurs, if it does. Yesterday's hammer indicated outstanding support IMO.

 

[YOUNG_TRADER]

Well looks like a director has bought some shares errrr well maybe he checked his pockets for loose change and thought hmmm shall I grab lunch or 15k more IRC shares :

Jon Brien bought 15k shares at 40.5c-41c, easy there big Jon :

At least his buying some shares, suppose its better than him selling some

 

[Sean K]

Well looks like a director has bought some shares errrr well maybe he checked his pockets for loose change and thought hmmm shall I grab lunch or 15k more IRC shares :

Jon Brien bought 15k shares at 40.5c-41c, easy there big Jon :

At least his buying some shares, suppose its better than him selling some

LOL. Perhaps he cleaned under the couch cushions and wondered where to put the loose coins?

Lots of activity today inspired by his purchases.

 

[YOUNG_TRADER]

I think today maybe the day that IRC pushes upwards from this trading range of 38c - 42c

There has been alot of accumulation/soaking up buying for the past few days and now some really large buy orders are going up

Also perhaps the RWD breakout = higher NTA is having a positive effect

 

[Sean K]

The pennant discussed here didn't quite make it's projection due to that resistance I feel. Now a new one seems to be formed on a longer term view. Projection is the length of the pole which is .52 ish give or take a cent depending on where you think the base of the pole is and where the break up occurs, if it does. Yesterday's hammer indicated outstanding support IMO.

Support, well, um, supported, and breaking up. Would be nice if the text book target is made short term.

 

[YOUNG_TRADER]

Hey Kenna looks like a breakout to me above 46c

May need to do a bit more volume and hold this level but the sell side is almost non-existant

Its so good to see my faith in IRC being heavily undervalued vindicated, I see the re-rating a combination of people realising the Multi Trillion $ resource as well as RWD's NTA rising

 

[wipz]

How much interest does Intermin Resources have in Reward Minerals?
Would be interested to know, cheers.