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TIOC:COM Iron Ore 62% Fe Futures $122.33,1.07 (+0.88%)
https://seekingalpha.com/symbol/TIOC:COM
Goldman said it was “most positive” on 62% fe and high-grade iron ore, as well as coking coal, due to an expected increase in Chinese steel production.
https://www.fool.com.au/2023/01/13/6-asx-mining-shares-just-upgraded-by-brokers/
Iron Ore 62% Fe $121.26s +0.24 (+0.20%)
https://www.barchart.com/futures/quotes/TRF23/opinion
Iron ore hits new six-month high
https://seekingalpha.com/news/3923969-iron-ore-hits-new-six-month-high-on-china-demand-optimism
Iron Ore 62% Fe $121.02s +1.36 (+1.14%)
https://www.barchart.com/futures/quotes/TRY00
Iron Ore 62% Fe $119.66s +2.25 (+1.92%) 01/10/23 [COMEX]
https://www.barchart.com/futures/quotes/TRY00
https://www.nasdaq.com/articles/iron-ore-climbs-above-$120-t-as-supply-concerns-boost-support
The economic analysis confirms a positive economic result for the Houston Project PEA at the
base case benchmark iron ore price of US$90/dmt. The summary of the results of the cash
flow analysis is presented in Table 22-3.
TABLE 22-3 CASH FLOW ANALYSIS
Labrador Iron Mines Holdings Limited – Houston Project
Item Units Value
Pre-tax NPV at 7% discount $ million 123
Pre-tax NPV at 8% discount $ million 113
Pre-tax NPV at 10% discount $ million 93
IRR % 39%
After-Tax NPV at 7% discount $ million 120
After-Tax NPV at 8% discount $ million 109
After-tax NPV at 10% discount $ million 91
IRR % 39
Payback years 2.6
Note: the cash flow analysis is at the base case benchmark iron ore price of US$90/dmt.
The undiscounted pre-tax cash flow is $240 million, and the undiscounted after-tax cash flow
is $234 million. The pre-tax NPV at an 8% discount rate is $113 million and the after-tax NPV
at an 8% discount is $109 million. The pre-tax Internal Rate of Return (IRR) is 39% and the
after-tax IRR is 39%. The after-tax payback period is 2.6 years from the start of operations in
July of Year 1.
At recent benchmark iron ore prices of US$160/dmt, adjusted for assumed 50:50 price
participation above the base case benchmark iron ore price of US$90/dmt, the pre-tax NPV at
an 8% discount rate is $696 million and the after-tax NPV at an 8% discount rate is $459
million. The pre-tax IRR is 233% and the after-tax IRR is 209%. The after-tax payback period
is 0.9 years
JOYCE LAKE PROJECT
Century Iron Mines Corporation (Century) has filed a Project Description and Registration
document with the Government of Newfoundland and Labrador, for its proposed Joyce Lake
Direct Shipping Iron Ore Project. The Joyce Lake Project is situated in Labrador,
approximately 25 km east of LIM’s Houston deposits, and 20 km northeast of the town of
Schefferville, Québec. In a 2015 Feasibility Study, the Joyce Lake project was reported by
Century to contain 17.7 Mt of Proven and Probable Reserves at an average grade of 59.7%
Fe. A target production rate of 2.5 Mtpa over approximately seven years was proposed. The
project plan for Joyce Lake described in the technical report indicates road transportation of
iron ore products through the Houston Project (south of the Houston 3 pit) to a rail loop to be
constructed just north of the Menihek Hydro Dam location, on the east side of the TSH Railway
According to LIM, as per the standard practice of the DOEC, the Certificate of Approval for the
operation of the Houston 1 and 2 Project will be issued upon the commencement of
construction. Similarly, the operating permit for the Houston Railway Line will be issued by the
Newfoundland and Labrador Department of Transportation and Works, following inspection
and certification of the completed railway line.
RAIL SIDING
The Houston Project proposes building a new rail siding approximately two kilometres
northeast of the historic Redmond pit, adjacent and parallel to the TSH mainline track. The
rail siding will include gates for controlled access, a truck scale, fuel storage, storage shed for
light maintenance, surface water management, a train loading area, and stockpile areas for
lump and sinter fines products.
The Houston Project rail siding will connect to the existing TSH mainline track by switches
located at the north and south end of the siding. The siding will consist of two parallel tracks
for loading and rail car movement, as well as a southern end stub track for switching. The total
amount of track to be built is approximately 3.3 km, including five switches. The loading area
is approximately 1.2 km long and is designed to accommodate 82 iron ore gondola cars with
the parallel track holding the remaining cars.
Tree clearing for the Houston Project rail siding was completed in 2014. Construction of the
rail siding and associated infrastructure is proposed to take approximately four months with
completion in July of Year 1. Overall, the siding area earthworks has been designed as a
balanced cut and fill.
The QP recommends consideration for using the Redmond property rail right-of-way for the
Houston Project’s rail loading operations. Although a longer product haul is required
(approximately 1.5 km greater), the Redmond property rail right-of-way was formerly used for
loading iron ore trains and includes a rail loop at the end to turnaround, versus the current
proposed operation, which requires the train to be split multiple times. The improved
efficiencies in loading operations, along with potentially lower capital cost building off an
existing rail bed, would potentially offset the additional cost of the incremental truck haul.
Both are right. The development plan for Houston is relatively simple. The major component consists of constructing an 8 km gravel road, including a bridge over a river crossing. The new road will connect to an existing road located near Redmond Mine, which leads to the Silver Yards facility
It is also planned to construct a new rail siding near the Houston Mine. When the rail siding is complete, it will be used in conjunction with the Silver Yards rail siding to increase train loading capacity up to approximately 3 million tonnes per year, and will reduce the operating cost of overland haulage from the Houston Mine to the rail head.
Also read about permitting already completed
http://www.labradorironmines.ca/project_houston.php
The Players, First up is Joyce Lake DSO Project Century Global
Look at costs to open, mine life, total tons of iron over life of mine, estimate costs per ton,
Compare this to LBRMF
https://www.gov.nl.ca/iet/files/22445-Mining-in-NL-Final-for-Web-Oct-24.pdf
http://centuryglobal.ca/projects/joyce-lake-attikamagen/
Rainmaker and others, I am not a numbers person when it comes to company pricing and valuations. I know just enough. What I try to do is add to discussion so those who know more can add their views. I have owned shares for over 2 years. I will hold LBRMF until price reaches my goal or until I change my view. I have added to my holdings in LBRMF over the last 2 years. I realized when I bought this might take years to happen if at all. When researching LBRMF I look at others in the area, their costs per ton, opening costs, financing costs, was there offtake agreements, who are the agreements with, etc.
At this time, I have some confusion as to why this cannot get completed. When you look at others in the area, IOC, Tacora (Scully), Tata, Champion, Joyce Direct Iron Inc, and others, and look at them for comparisons this might be the lowest cost out there for a shovel ready mine in 12-18 months' time let alone over 12-year life of mine. What am I missing. We have existing assets and infrastructure, permits, future next mine assets, beneficiation plant permitted, existing rail, and cleared roadway for future rail. PEA was at $90, the price has only been under that price for 12 days since June of 2020 and the average has been well over $110.
My project for right now is to post other miners in area, especially proposed projects and estimated costs. I appreciate comments, I am trying to open up discussions on what might be next, and to be better informed, I would love a numbers person or persons to post their opinions, but I do not respond well to people who do not play nice. so please play nice, otherwise I am happy to take my marbles and go home.
September 2010 high $5.95
April 2011 high $15.43 Barchart ($14.74 on other sites)
2012 high $8.24
2013 high $1.75
The construction of the mine 2010
https://www.dexter.ca/dexter/project/lim-schefferville-project
J-O-H-N-N-Y C-A-S-H - I've Been Everywhere, 3rd verse Schefferville, and for your entertainment is a story of a guy who visited all the places in the song on his motorcycle, and what he went through to just to get to Schefferville. 5 part series just about getting to Schefferville. This blog documents the journey to visit each place in the song “I’ve Been Everywhere”,92 Places, 49 States,16 Countries, 60k Miles, Should be easy
J-O-H-N-N-Y C-A-S-H - I've Been Everywhere, 3rd verse Schefferville, and for your entertainment is a story of a guy who visited all the places in the song on his motorcycle, and what he went through to just to get to Schefferville. 5 part series just about getting to Schefferville. This blog documents the journey to visit each place in the song “I’ve Been Everywhere”,92 Places, 49 States,16 Countries, 60k Miles, Should be easy
$117.79 TIOC:COM Iron Ore 62% Fe Futures up 6.51 (+5.85%)
https://seekingalpha.com/symbol/TIOC:COM
As I have said before, Look Out Below, any bets on earnings
Do not forget Ray will buy out Trillium and 3a, when bunnies fly, that's it that's the ticket
The foxes have begun to circle the rabbit for the bags they now hold in UNQL
$110.80 TIOC:COM Iron Ore 62% Fe Futures
Some articles for your reading
https://www.mining.com/web/sgx-iron-ore-scales-5-month-peak-as-china-eases-covid-rules/
https://www.mining.com/web/iron-ore-price-rises-as-more-policy-support-looms-in-china/
https://themarketherald.ca/how-this-companys-iron-ore-project-is-contributing-to-decarbonization-2022-12-23/
Help from others needed,
I know that someone has done the math of the value of LBRMF off the PEA, if using today's price of Ore $110 with no off-take agreement and a cost of 60 million over life of mine @ 8% with current share structure. Alternate with off-take agreement costs of $10 million @ 8% with current share structure and an average cost of $100 for Ore (off-take proposal was a split of costs above PEA price). Or if there is a previous post of similar results maybe at different ore pricing please post or stickey to this web page. I am sure that people would be able to understand that in a low-cost Ore environment off- take helps to guaranty future profits, but in a high-cost Ore environment everything above PEA estimates are pure profits, but if off-take agreement it was proposed 50/50 split above a set price for delivery in Schefferville. Thanks ahead of time
The Wild Card: Gerald Group
Gerald Group (Mining Developments LLC) holds 32,500,000 shares they purchased at a price of $42,000.000 or an average price of $1.29
The Gerald Group is the world’s largest independent and employee-owned metal trading company. They have a 650 million credit facility for trading.
Gerald Group is engaged in the exploration, development, and production of high-grade iron ore concentrate, Marampa Blue™ at Marampa in the Port Loko District, Northern Province of Sierra Leone (Marampa Mines Limited, a subsidiary of Gerald Group)
With an average share price of $1.29 it would be hard not to believe that Gerald Group would not expect to get at least that for their shares, let alone at least a small to large profit on their investment. That is alone what has kept me in LBRMF for the last 2 plus years. But with that being said I wonder why they have not helped move this forward. Is it because of all it took them to move forward the Marampa mine, is there now a conflict of interest with trading others products, have they tried to help move forward with existing management and unable to work with each other. Is that why we were trying to make a deal with Scully, did Gearld not like deal with Scully, was Scully trying to get control of too much.
Just some of my concerns that it would be nice to get a little info to keep interest up for investors. With that said I still am adding a little at a time but will not add to much until some updates. Gearld Group with their connections I thought would have been able to get this mine open and help with trading it's Ore. Finally, the LBRMF web site needs updates management needs to get on that.
https://www.gerald.com/copy-of-na-borrowing-base-20
https://marampamines.com/about-us/
The Players involved in moving this LBRMF forward.
John F. Kearney - Chairman & CEO, owns 3.5 million shares and is chairman of Anglesey Mining with them holding almost 20 million shares of LBRMF. Kearney is involved with several other mining companies. Recent articles and web interviews by Anglesey official's state that Houston is moving forward and is shovel ready with either financing, offtake agreement or partnership within 18 months of an agreement with permitting already completed. The cost expended to be 65 million over the length of the mine if no off taker is found. Anglesey will be looking for money to move forward its Prays project if permitted and would need financing or income from other sources, If Houston mine open this could help or might need to sell their interest to keep moving forward if no funding.
Matthew Coon Come - Director-Mr. Matthew Coon Come is Grand Chief of the Crees of Northern Quebec and a Board Member of the Grand Council of the Crees (Eeyou Istchee) and the Cree Regional Authority. He was National Chief of the Assembly of First Nations from 2000 to 2003 and previously was Grand Chief of the Grand Council of the Crees in Quebec for 12 years from 1987 to 1999. Earlier he served two terms as Chief of the Mistassini First Nation. Mr. Coon Come is a Founding Member of the Board of Compensation of the Cree Nation and has been a director of Creeco
There are several other board and management involved with LBRMF, Anglesey, Minco, Buchans and others in the Labrador Trough. You can look at the management Bios and see the connections between several. There are several also with ties to possible future financing for LBRMF.
https://www.angleseymining.co.uk/
https://www.mincoexploration.com/corporate/leadership/
https://www.buchansresources.com/company/leadership/
Scully, Tacora Mines possible interest. Scully proposed financing of LBRMF, now believed to be canceled, but local player with issues about getting their tailings facility permitted as of now, so may have long term issues and may need other assets like a benefaction plant with a mine ready in 12-18 months.
On November 27th, 2018, Tacora announced it had closed on $212 million in private equity and senior secured debt financing, which together with up to $64 million in mining equipment debt financing, fully funded the restart of the Scully Mine. In addition, during the 2018 fiscal year, the Company amended the Cargill Offtake Agreement and finalized certain port access agreements and rail/transportation agreements in anticipation of the successful restart of the Scully Mine. As is in this region the railway plays a huge part in the case of Scully mine it is Wabush Lake Railway
https://tacoraresources.com/our-operations/
https://iaac-aeic.gc.ca/050/evaluations/exploration?search=Scully+Mine+Tailings+Impoundment+Area+Expansion+Project
https://en.wikipedia.org/wiki/Wabush_Lake_Railway
https://iaac-aeic.gc.ca/050/evaluations/proj/80027
There are 15 docks on the of Sept Îles, including the Vieux-Quai, the marina, the fishing harbour, the Arcand Dock, and the 2 industrial docks owned by the Iron Ore Company of Canada (IOC). The Port of Sept-Îles owns and operates 9 docks arranged in 5 terminals.
The Multi-user Terminal is the only North American facility capable of accommodating vessels up to 400,000 tonnes. Iron ore currently makes up the bulk of the materials handled. The terminal was built in 2015 in the Pointe-Noire Sector, between the Pointe-Noire and Relance terminals. It includes two 16- and 20-metre-deep berths as well as conveyors and ship loaders with a loading capacity of 8,000 tonnes per hour. A 34-km rail line provides ferry-rail service from the Relance Terminal, connecting the terminal to QNS&L and the rest of the North American rail network.
With the addition of the Multi-user Terminal on the bay of Sept Îles, the Port of Sept-Îles’s annual loading capacity increased to 100 million tonnes, giving the companies that use the terminal a significant leg up on international markets.
https://www.portsi.com/port/terminals/?lang=en
Quebec North Shore & Labrador (QNS&L) is a common carrier federally regulated railway, operating freight services between Sept-Iles, Quebec, Labrador City, NL and Emeril Junction, NL (which is the interconnection point for traffic transiting to and from Schefferville, Quebec with the connecting carrier, Tshiuetin Rail Transportation). QNS&L is a wholly-owned subsidiary of the Iron Ore Company of Canada (IOC). QNS&L offers bulk, through-freight and way-freight type rail services on its line. Part of the success of Rio Tinto and IRON ORE COMPANY OF CANADA is working because of the involvement of local communities and Indigenous Participation.
http://www.qnsl.ca/en/about-qnsl
http://www.ironore.ca/en/what-we-do/our-operations
http://www.ironore.ca/en/suppliers/indigenous-businesses
http://www.ironore.ca/en/commitments/indigenous-participation
For those who do not understand the difficulties with opening the mine in Schefferville I am going posting articles and the major players in the area and you should be able to see who has the most to gain or lose by the mine opening and what management needs to secure in contracts or partners with the players that could have a huge impact in getting us open or acquired. A portion of the town of Schefferville was torn down after mining stopped and creates a portion of problems with the opening along with contracts and involvement with local indigenous people and railway. I am still Bullish about LBRMF but have change what believe might be the direction of us will end up happening, but just my opinion. If this article is too long to keep your interest just skip to the areas that discuss Schefferville
https://www.sciencedirect.com/science/article/pii/S2214790X21001799
Sorry my mistake 9.7 BILLION
What have we learned in last 2 days. There will be dilution or conversion to 9 billion plus shares, do we all agree ? If this closes UNQL might end up on Nasdaq, but at what cost to your investment with new 8 plus billion shares converted. The insiders lose nothing and share holders are duluted with hopes that it may live to rise again on Nasdaq. With the canceling of other deal, it appears someone is selling their previous converted shares, do we agree? Funny how so many people have disappeared. I believe when Spac money sees the next quarter earnings game over for them, but ray may have gotten what he wanted Nasdaq at no cost to him and insiders but at the cost to current shareholder and he can do it all over with new shareholders. As always Look Out Below..
Iron ore price hits six-month high
https://www.mining.com/iron-ore-price-hit-six-month-high-as-china-plans-more-stimulus/
Looks like someone knows something, maybe news, maybe earnings surprise, maybe they saw this chart, shipping for December as it sits now 1/6 of last year, not pretty, might need to print more shares Lookout below DD
https://importkey.com/i/frangipani-trade-services-inc
The Company intends to initiate a Phase 2 study in participants with primary open angle glaucoma and ocular hypertension in the United States in the first half of 2023
Skye announced that it had submitted an Investigational New Drug application for SBI-100 OE to the U.S. Food and Drug Administration on November 15, 2022
Skye Bioscience Doses First Cohort of Participants in Phase 1 Clinical Trial of SBI-100 Ophthalmic Emulsion
https://seekingalpha.com/pr/19058863-skye-bioscience-doses-first-cohort-of-participants-in-phase-1-clinical-trial-of-sbiminus-100
Chris Twitty connections : ZyVersa Therapeutics to go public through deal with SPAC Larkspur Health Acquisition,
https://seekingalpha.com/search?list=all&q=zvsa&tab=headlines
https://s28.q4cdn.com/456742261/files/doc_news/2022/2022-09-27_ZyVersa_Therapeutics_and_Larkspur_Health_46.pdf
Larkspur Health Board Member
https://lsprhealth.com/team/person-details/default.aspx?ItemId=2a53eaee-0907-48c2-8080-91d1b8f70c8a