Australian (ASX) Stock Market Forum

Iron Ore Plays - Discussion

Jump to new
doogie_goes_off said:
FYI: Australian Bulk Minerals mines magnetite and exports pelletised ore from Savage River (NW Tasmania)
Click to expand...
thanks for this doogie - this is the only magnetite operation I've heard of - did a google on it http://www.ivanhoe-mines.com/s/NewsReleases.asp?ReportID=11997&_Type=News-Releases&_Title=IVANHOE-MINES-AND-ABM-MINING-AGREE-TO-MERGE-TO-CREATE-AN-INTERNATIONAL-MINI...

interesting note the grades of the ore - over 50% which is more like haematite grades, and well above the magnetite people are playing with in WA... they also have a 83km slurry pipeline over what i presume is mountainous terrain which suggests that technology is viable....
 
Mr Twiggy just raised Half a Billion AUD thats $500m via a placement at $36 for FMG :eek:

Looks like the Iron Ore boom has alot of deep pocket backers!
 
Have been watching Crusader Holdings. Had already a huge run when I first came across it so I was waiting in the wings. Not many shares available before suspension. Has now requested suspension from official quotation pending company annoucement.

Recent announcement for their Iron Ore project in Brazil.

Posse and will form the main target of the drilling. To date, the itabirite has been mapped over a strike length of over 750 metres with the width varying between 50 and 200m. The sampling of the itabirite displayed a large variation in Fe grade- with values ranging from 39.9% to 68.8% Fe. Moderate to high associated silica appears to be present in the form of free quartz. The key to the economics of the itabirite will be the ease with which the silica can be liberated to form a high-grade fines concentrate. This
procedure (by various different methods) is common within most itabirite mines in the Iron Quadrilateral.

Crusader has recently awarded the drilling contract and it is set to commence with 2 rigs expected to arrive on site this Monday the 16th of July. A third rig will follow a week to 10 days later which will complete the expected program of 1,000 metres of diamond drilling in about 40days. Site works have started in preparation for the drilling. Crusader will be able to drill only where previous earth works have taken place. An application for an environmental license allowing unrestricted access is underway,
however, it is not known if this license will be granted before the due diligence deadline. Nevertheless, the planned drilling will enable Crusader to test the most important targets of the project.

The Posse project is located 30km from Belo Horizonte, the capital city of Minas Gerais state. A national highway runs through the tenement and there is ready access to power and water. Belo Horizonte is a major city providing infrastructure to the well established mining industry in the area.
There are several large and smaller steel mills in the region, which have the potential to offer the project different options for the sale of ore. Crusader believes there is a ready market for all types of product identified so far from the Posse Iron ore project. Crusader is looking to appoint an independent specialist to assess various treatment and downstream options available in the area.

The Iron Quadrilateral is Brazil’s most important iron ore area, with host to many iron and gold mines. CVRD (a world class Brazilian mining company) mined 182 million tonnes of iron in 2006 from five separate mines in the Iron Quadrilateral. Brazil is the second largest producer of iron ore in the world and has the largest reserve base- being in excess of 61 billion tonnes.


Looking at their anoucements they also have interest in gold, uranium, tin etc. Recent press article from the age, business day 25th June, 2007

ANDREW Forrest has made his billions by moving into the Pilbara backyards of BHP Billion and Rio Tinto with big-time iron ore ambitions of his own.
Crusader Holdings is not in the same league as Forrest's Fortescue but there is no doubt it is winning over some fans for its move into the backyard of the world's biggest iron ore producer, Brazil's Companhia Vale do Rio Doce (CVRD).

Previously covered in Garimpeiro for the Brazilian gold ambitions of its chief executive, Rob Smakman, the tightly held Crusader has picked up an option over an iron ore prospect in Brazil's famed "Iron Quadrilateral", which contains dozens of iron ore mines.

The option is over the Posse Iron prospect in the northern part of the quadrilateral. High-grade hematite ore at the prospect was recently uncovered during upgrade work on a local highway.

Smakman, who is based in Brazil, jumped on the opportunity when the exposed mineralisation was shown to be hosted within a typical banded iron formation (locally known as itabirite).

He told the Australian Stock Exchange that the itabirite appeared to be the same as the other major mines from the area. Limited sampling by the vendors included results of more than 61 per cent iron.

A fast-tracked due diligence program is now under way, with geologists on site mapping and sampling in preparation for drilling. Posse lies 30 kilometres from Belo Horizonte, the capital city of Minas Gerais, and a hematite-finding highway runs through the tenement. So there will be no hardship payments to the exploration crew.

Should it shape up, Crusader will pay the vendors a total of $3.4 million ”” a small amount given the leverage the deposit could deliver.
 
The biggest movers for this week were HLX, MAK and still CUL
 

Attachments

  • iron Ore Exploration Results.pdf
    21.6 KB · Views: 70
I have had Iron ore holdings on my watch list for a few weeks and today I just watched it unfortunately up 58%.... Iron ore is going skywards going to do some research on some more iron ore companies I think...
 
Guys,

Here is an updated pdf(s) to the list I first uploaded on 9th July.

I've included a few additional companies as requested.

Two files are provided, one alphabetical, the other sorted by % change with the biggest gainers at the bottom.

Some great gainers there, esp CUL and ADY

Cheers
Muzz
 

Attachments

  • Iron Ore Companies YTD Change to 24th July - A.pdf
    11.8 KB · Views: 60
  • Iron Ore Companies YTD Change to 24th July.pdf
    11.8 KB · Views: 42
SDL - was 0.07 in march and now trading around 0.52, after another jump today of 14%. The one that got away, for me anyway.
 
I think there will be plenty of scope to buy into SDL at around 48c in the next few days, after the initial burst after the halt slows down.. People seem worried that they 'missed the boat', when a sign like that shows there can be months more monentum to go..No results yet either, that's when you'll see that boat set sail.

MMX is down 4% after it's similar institutional capital raising, halt, rise, then drop this week. It's back below the ann. Shrug.
 
Dammuzzdu - maybe you could include Pluton Resources (PLV) on your list, I mentioned it on this thread but it's not on the list. For the year it has gone from $0.30 to $1.40, in my calculations thats > 400% increase for the year to date so it has outperformed all the Iron Ore stocks you mentioned. Maybe I should have mentioned the raging share price before (people may have been interested then) - there is a short PLV thread too for those who are interested. Thanks.
 
Dammuzzdu's scan is "Financial" Year-To-Date, so only the last 24 days.

Yes PLV has done well, but not the best for this FYTD (so far), probably ranks around 3rd or 4th
 
doogie_goes_off said:
Dammuzzdu - maybe you could include Pluton Resources (PLV) on your list, I mentioned it on this thread but it's not on the list. For the year it has gone from $0.30 to $1.40, in my calculations thats > 400% increase for the year to date so it has outperformed all the Iron Ore stocks you mentioned. Maybe I should have mentioned the raging share price before (people may have been interested then) - there is a short PLV thread too for those who are interested. Thanks.
Click to expand...

Doogie,

Yep added in PLV (tks for heads up), it appear on next update. FYI, it (PLV) is ranked 4th (til last night) with % increase for this FY of 51.087%.

Cheers
Muzz

BTW nick only only "M", two "Z".s :)
 
Guys,

While investigating Aurox Resources, I found the attached broker report which compares AXO, GBG, CFE, GRR & ARH.

Its an interesting read as it covers issues such as energy requirements and resource sizes.

It also has some background info on the differences between Hematite, Magnetite and Titanomagnetite.
 

Attachments

  • 070716_stateone_stockbroking.pdf
    293.6 KB · Views: 83
Pommiegranite said:
Guys,

While investigating Aurox Resources, I found the attached broker report which compares AXO, GBG, CFE, GRR & ARH.

Its an interesting read as it covers issues such as energy requirements and resource sizes.

It also has some background info on the differences between Hematite, Magnetite and Titanomagnetite.
Click to expand...


Pommiegranite,

Excellent research paper..many thanks. Some good bedtime reading there.

Are u a member of "State One" to receive this ???

Cheers
Muzz
 
Pommiegranite said:
Although, I do believe that its not a commisioned report (you have to be careful as some are!)
Click to expand...

Interesting reading, but yes you do need to be careful, when they get paid to promote a share. And the disclaimer indicates that they MAY have been paid.

Have read elsewhere that slurry transport ie adding water, reduces the value of the ore, depends on quality of water.

Also that only compares the Magnetite mines, the likes of GBG will also have a Hemetite DSO up and running in 2008, next to the Magnetite mine. Probably energy saving costs and other mine infrastructure shared which was not included in the report when comparing costs.
 
OK, here's a different look.

We know we have thru a decent fall, but how far have some of those stocks in the Iron Ore sector that we have been following really fallen???

Ok, here's the answer...scanned Iron Ore plays from Open on 24th July to close tonite.

Some big moves down here, just shows that even thou the sector is hot it is not amune from taking just as bigger hit as any other sector.

Does this correction gives us all an opportunity to enter those stocks that had run hard, and we were fearful of chasing them, only to be caught pay the top price. I wonder????

I certainly will be targeting 1 or 2 that is for sure.

Cheers
Muzz
 

Attachments

  • July-Aug 07 Correction Ranking - Iron Ore.pdf
    21.8 KB · Views: 59
Report in the West Australian newspaper today that the state govt may lock up the whole Mt Gibson, or parts thereof, from mining all together. All over a few rare plants!! Possibly setting a dangerous precedent throughout the whole Mid-West region. Would be interesting to know which companies have Iron Ore tenemants in the Mt Gibson area? And potential ramifications? Personally i think this situation is a load of crap! Denying the people of WA revenue due to the presence of rare flora! Thoughts?
 
springhill said:
Report in the West Australian newspaper today that the state govt may lock up the whole Mt Gibson, or parts thereof, from mining all together. All over a few rare plants!! Possibly setting a dangerous precedent throughout the whole Mid-West region. Would be interesting to know which companies have Iron Ore tenemants in the Mt Gibson area? And potential ramifications? Personally i think this situation is a load of crap! Denying the people of WA revenue due to the presence of rare flora! Thoughts?
Click to expand...
I just read an MGX ann that said they had been granted permission to start their infrastructure project. Why that, and not be able to mine? :confused:
 

Attachments

  • MGX ann.GIF
    MGX ann.GIF
    40.3 KB · Views: 191
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.
 
Top