IOH - Iron Ore Holdings

[britishcarfreak]

Perhaps foolish but I'm still holding since I purchased in at 80c. I'm a believer that this will keep moving but has just tested a few people out...

My concern at present is that there's been a release about a load of shares coming out of escrow. Perhaps this will damage SP over the next few weeks as people fear a run of profit taking from escrowed shares that were no doubt obtained at a 20c price.

 

[britishcarfreak]

I'm back - I sold out in March this year and made a great profit. I jumped back in recently when I saw the price channel movements. Seems quite bouncy off the regular reports on progress assessing quality of findings. Easy 85c-100c movements in here. Not sure how long they'll last. Goes south very quickly. Buy/Sell sides both seem very thin hence movements are pretty quick either way.

Is anyone interested in Iron stocks at the moment?

 

[LifeisShort]

Yes, I'm interested to see how BC Iron goes when it floats next week. It was heavily oversubscribed and it has tenements borne from Alkane and ConsMin who decided to package them in one entity. Quite promising......could it be another IOH?

 

[britishcarfreak]

Does anyone else see this chart showing a turnaround? Higher highs, Higher lows - increase in volume etc. since mid November.

 

[constable]

Does anyone else see this chart showing a turnaround? Higher highs, Higher lows - increase in volume etc. since mid November.

Charts only 3 months !

 

[britishcarfreak]

Here's one since Christmas. Looking at it like this I'll reconsider what I said before. I tend to trade pretty short though - usually 1-2 months. What timeframe would you prefer to look at Constable? Thanks for your reply.

 

[britishcarfreak]

Talking to myself again..... Big movement today 17.7%

Continuing to show good results from Phils Creek Project.

If there's anyone that wants to comment on the charts last 3 trading days please chip in. The gaps in close/open from previous day are interesting.

 

[britishcarfreak]

Final drill hole results for Phils Creek project came out positive. They are going to start calculating resources in the ground and may do some further drilling.

This looks good.

Given estimates (can't remember source) that Iron may go up 30% in price this year I'm trying to come up with a fair valuation for this stock.

Can anyone help out with an estimate on fair share price?

 

[Ken]

Iron ore back in some form.

Do we need to re-evaluate this stock. or is the stock only doing well because of the sector.

It has been sold down a lot. What are the fundamentals like?

 

[motion]

Iron ore back in some form.

Do we need to re-evaluate this stock. or is the stock only doing well because of the sector.

It has been sold down a lot. What are the fundamentals like?

Ken,

I'm just starting to look into the fundamentals as this write up made me interested... I found this on miningnews.net dated 9th July 2007.



IRON Ore Holdings has begun a scoping study at its Phil's Creek project in the Pilbara with the aim of establishing early production of 1.5 million tonnes per annum from the hematite deposit.


Iron Ore Holdings projects.

The company said in an announcement that the scoping study would cover the design of an open pit, a production schedule and the estimation of operating and capital costs.

IOH has appointed Promet Engineers to perform the study, which is due in early September.

The company said it would assess the rail, road and port infrastructure options for the project.

Phil's Creek has a resource of 8.3Mt at 58.1% iron, 5.4% silica, 3% alumina and 0.1% phosphorus, with 7.6% loss-on-ignition.

The company has identified two further areas of low-grade, inferred and indicated resources at the project, including 5.1Mt at 52.9% iron, and a 46.8Mt extension at 50% iron.

It will assess whether the lower-grade material is suitable for metallurgical beneficiation to remove contaminants and upgrade both resources.

Shares in IOH were steady at 54c in morning trade after gaining 1c on Friday afternoon.

 

[Ken]

How does IOH compare to YML?


It was not long ago that IOH screamed to $2.00+.

We know the stock has pretty poor liquitidy so movement either way is going to be large.

I am considering IOH but I havent had the time to look in depth into why I would or wouldn't invest.

I want to hear the negatives on IOH if there are any.

 

[Ken]

I would like know whether people its a good thing or a bad thing that the director still holds 49% of the company?

The director had the change to off load shares at $2 plus, but didnt sell a single one...

Is this a sign that Mr Derek Noel Ammon thinks IOH is the real deal??

 

[britishcarfreak]

I think it's a good thing when a director holds so much. It means the rest is so tightly held that it moves well. I've tried to pick the bottom of this down trend a few times and almost got back in recently but chased other more shiny looking objects....

It's back on my list and the MACD may well say it all. This looks like a turnaround to me. I won't put a lot in, say 5% of my portfolio, just to speculate on its turnaround back to $1.

In short, I think it's been a bloody long time waiting for stuff to happen and now is the time!

 

[Ken]

Up 50%

Bugger... missed it. Couldnt find enough about the company to convince my self of buying in the 50's.

 

[britishcarfreak]

I very nearly purchased last week based on indicators alone - but was too busy to do it. Feeling silly now as I was watching this happen.!!!

I wonder whether it will have enough steam to keep going though.

 

[Ken]

The stock has very few shares on offer.

50% is a massive rise, but iron ore is so hot at the moment.

 

[YOUNG_TRADER]

Hi guys just a quickie,

I really like the look of IOH

I've bought some, but they're quite hard to get,

Full research to follow shortly

Scoping Study due at anytime now makes this one of the more advanced DSO Heamatite plays

Regards

 

[ta2693]

iron sector is hot.
trading behavior shows me ppl are accumulating interests.
Chart looks healthy.
Ioh is a small company and have not got much attention, ppl may chase it hard when they are realize its true value.
Ioh's tightly hold ( around 80% is hold by major shareholders)

I am very interested in this share and wait for a good price and YT's full research.

 

[TheAbyss]

I have emailed IOH asking when we can expect the scoping study. They initially said early september and the independent experts report released yesterday simply said September so it must be very close, like today.

Let you know when i get something back

 

[YOUNG_TRADER]

IOH​

Mkt Structure

Shares
77m
+ 13m unlisted 25c - $1.5 options

The Top 10 Shareholders own 65%
and Sumisto Iron a subsidiary of Multi Billion Dollar Sumito Corp holds 10%

Mkt Cap @75c = $58m Current



Cash
$1.5m + $10m if options exercised


Projects


Phils Creek Iron Ore, 100%, W.A.

JORC 8.6Mt's@ 58%Fe + 5.4%Si + 3%Al +0.1%P + 7.6%LOI

with an additional lower grade 5.1Mt's@53%Fe
note this lower grade ore can very easily be blended with the higher grade ore as due to the high LOI (which is a good thing) the calcinated grade of the higher grade ore will probably be 62%Fe+

In any event it is a DSO Heamatite project which should have its Scoping Study released soon (was due early Sept)

From looking at the progress of AGO and TTY a scoping study was the last stage before they went to a decision to mine, so big things could be in store for IOH, to quote the company

"A Scoping Study on the Phil’s Creek Project has commenced following on from the successful drilling program previously announced. The Directors believe that the commencement of Phil’s Creek Study is a significant milestone in the evolution of the Company from an explorer to a potential producer of iron ore."

I have now realised that with Iron Ore, its not so much the size of the deposit, but if its DSO as this greatly reduces lead times to development and requires very minimal Cap Ex and its proximity to transport infrastructure.

Phils Creek ticks off these boxes as
1. The deposit is DSO
2. A scoping study should be completed and released any day now
3. The project has access to either BHP's or RIO's rail lines which run through the project area

DSO Project Comparison
AGO JORC 10Mt's@57%Fe + 7%Si + 1.8%Al + 0.13%P + 8.7%LOI

TTY JORC 9.73Mt's@61%Fe +6.7%Si + 2.93%Al + 0.09%P

Now what this comparison shows is that both AGO and TTY have been able to build $250m -$350m mining houses off 10Mt DSO Heamatite deposits and yes while they do have SIGNIFICANT other assets and projects (AGO in particular) the point I'm making is that IOH's Phils Creek stands a really good chance of becoming another possible DSO operation which would surely catapult it into the $150m+ mkt cap range

In any event the scoping study will hold all the answers




Extension Iron Ore, 100%, W.A., part of the same area as Phils Creek

JORC 46.8Mt's@50%Fe now this is low grade Ore and I doubt it can be blended with other Ore's because the grade is too low to be DSO, but with some benefication it should be ok

There is also good potential to expand this resource, but the immediate priority for the company is to find the higher grade ie 55%Fe+ portions of the mineralisation so as to possibly add it to the feeder for the proposed DSO at Phils Creek nearby.



Koodaider Iron Ore, 100%, W.A.Just north of Phils Creek, Extension Project area


Buckland Hills Iron Ore, 100%, W.A. This exploration license is 7Km's away from the huge Robe River Mesa J Mine

Not much else to say




Summary

- Chart wise 60c seems to a strong level of support, I say this because on the 16th of August which was the worst day we have seen for a long time, alot of stocks hit rock bottom, alot of support levels where SMASHED! IOH fell to 56c but CLOSED UP at 62c
- Scoping Study for Phils Creek due soon
- A very interesting develpment in that Billionaire Mr Kerry Stokes, has bought 19.9% of the company from a founding director
- The Top 10 Shareholders own 65%
- Sumisto Iron a subsidiary of Multi Billion Dollar Sumito Corp holds 10%