Australian (ASX) Stock Market Forum

Iron Ore Plays - Discussion

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jtb said:
I mentioned this on the FWL thread yesterday and there is another article on page 10 of today's paper.

Basically says Mount Gibson will get the go ahead but the rest of the region may become protected.

Unlike the Pilbara and Goldfields the midwest comprises broadacre farmland and is world renowned for its wild flowers.
It is also much closer to population areas so the ugly face of iron ore mining is far more apparent to the masses who don't often venture far from the city.
Hence a political arena.
Click to expand...

The 'ugly face of iron ore' is the lifeblood of those populations. Many work in the industry. I just cannot for the life of me see the WA government committing politcal suicide for the sake of a few flowers.:2twocents
 
Guys,

Be EXTREMELY careful with the State One reports. I am a very close follower of ADY, have been for years, and know it back to front in terms of projects, timetable, resource, value etc. State One recently did two reports on ADY, both were wildly inaccurate - the kindest comment I can make. Triple check their claims and conclusions against company reports/announcements.
 
Kings Minerals (KMN)

I don't think this one's been discussed because it's thought of as a gold company. It actually has 2 major projects, gold in Mexico with a JORC and a polymetalic project (Kalman) in Mt Isa due for JORC in the next 2-3 months. It also has an potential haematite project as part of its tenament package at Mt isa called Mt Philp. This project has no rating at all in it's current market cap.

The Mt Philp strike is currently estimated to be 4km long 100m wide and 100m deep that gives 4,000x100x100 = 40m. Assuming a density factor of 3 = 120 Mt's @50%-60%Fe.

The drilling was completed in March but the assays have not been released. This information is from their latest roadshow presentation. Unusual that they have put grades up here, but not released the drilling, so I am a little warey...

Mt Philp is very overlooked by all. The only analysts reports on KMN have barely considered Kalman, and not even mentioned Mt Philp. Very early days, but one to investigate perhaps.

(holding KMN - mostly for Kalman potential)
 

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Ann. today from UOG

Sydney - Thursday - December 20: (RWE Aust Business News) -
Uranium, Oil & Gas (ASX:UOG) has made additional application for
exploration licences to cover parts of the Frere iron formation, eastern
Nabberu Basin, Western Australia.
Exploration will commence on ELs 69/2475 and 69/2476 when the
licences have been granted.
In particular EL69/2476 contains iron formations prospective for
iron ore.
 
at last count aproximately 76 companies listed on asx which have a finger in iron ore , most of which are junior explorers, a few actually mining dso and quite a few wanabes with magnetite resources
to me seems impossible to keep track of them all and know which ones to invest in
also seems that the big players sp have been quite volatile over last month or so
with trouble in usa taking the shine off even the most prudent producers
is it possible that we may not see the returns of companys like fmg again for some time, apart from the volatility of the juniors and their drill results
is the shine comeing of iron ore due to the shear numbers of explorers in the market and the abundance of reserves australia has including magnetite which still looks like being a number of years away before any large scale production
 
Telamelo said:
Mount Gibson MGX share price closed above 50dma yesterday (bullish sign) with quarterly report due on 21/04 & perhaps a nice divvy to come (on the back of high iron ore prices).

Came across this analysis below:

REWARDS​

Click to expand...
From AFR-

The price of 65 per cent quality, Brazil-origin fines reached a record high on Thursday, up 3 per cent to $US211.10 a tonne, according to Fastmarkets MB.

While China has sought to curb emissions in the steel-making city of Tangshan by restricting production, demand has remained robust, particularly for higher grades of iron ore.

Big profit $$ margins being made by FEX & MGX at these 10-year high record iron ore prices! :)
 
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