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China rarely buys pellets, so why would any China company or steel mill invest in a pellet plant? Do you know the cost of a pellet plant and how hundreds of millions of tons needed to even consider one? Oh ya, because ole Bobby said so, then it must be true.
That would reduce any penalties on our iron ore, giving us an economically profitable iron ore product.
Do you not read the PR you keep telling everybody else to read?
There will still be a penalty...assuming you can reduce sulphur at all....then the iron ore is not worth anything in todays low prices
wet magnetic separation?
Ya, right
Let me get this straight:
You have to crush the the ore to almost nothing, use a wet magnetic separator, dry the concentrate, truck it to the nearest rail, unload it, load it again to the rail cars, unload it at the laydown yard, truck it to the loading area, load it onto a ship to China for 51 dollars a ton? Correct? Ya, right. Is that the easy part?
You also assume that the sulphur will be removed or separated in this separation process. That is a big, big assumption and can be done profitably? Have they done the metallurgy to prove what you/they have said?
According to your PDF: reduce penalties to ~12%
All that work and only a 6% reduction in penalty?
price today for 62%...not 61% to China is 67 dollars before penalty.....
Your cost...again according to your PDF you delivered cost is.....wait for it....60 dollars ( how did it get to 50 dollars?) So you are still losing money even after your so called "easy wet separation" process.
For the 100th time, did it ever occur to you that prices to produce this 14 dollar ore also went up at the same time? How about shipping prices? Is that free too?
I guess you didn't figure out the low iron ore prices just doesn't make it economical
On page 16 of the TNGL power point “Annual Shareholders Meeting June 23rd 2014”. www.tonogold.com/i/pdf/AGM-June-23-2014.pdf Mark Ashley states:
• Simple beneficiation process (crush/dry mag separation)
• Producing a 58% Fe product which is high in Sulfer (~0.7%)
• 18% penalty on spot price
• Current Spot price for 58% Fe is ~$75/t ($61/t after
penalty)
• Cost $60/t (incl. shipping)
• Expect to increase production, improve quality of product
and reduce impurities.
• Targeting a 61% Fe (spot price around $81/t)
• reduce penalties to ~12% (revenue of $71/t).
How is the current spot price of 58% higher than the current spot price of 62% FE?
58% fe is now selling for ....wait...61 per mt ...and that is....wait, before the 18% discount for....wait, high sulphur...
do the math and let me know how much profit that is.
Show me what i'm lying about? if you prove it, I will retract my statement.
Update: Dec 22 prices
Index of 62% Fe Australian fines decreased by $1.00/dmt to CFR $68.25/dmt; and that of 58% Fe Australian fines went down to CFR $59.75/dmt, down $0.75/dmt..... that price is before 18% haircut with the high sulphur. Usually high sulphur is not discounted that much, so it must be very, very high.
To quote the pumper: Look at the facts for yourself, do your own Due Diligence. The facts speak for themselves"
Like I said, stock is tanking into the ground
Whether they find any money or not, this iron ore mine is not economical now or in the future
its dirt in the ground until proven. Silver is down to 15 per ounce. The mine is as economical as ....the iron ore
Its Mexico. Gone till after new years
1gm a ton is not economical at today's prices for many, many mines. What voodoo magic will they perform in order to make this mine viable?
Real time has just past you last month, so you might want to adjust the PP.
No matter how much pumping they do, they cannot do anything about low iron ore prices. Add to the sulphur problem ( which is a much bigger problem than the pumper thinks), this mine is not economical
Who's crying? We're all laughing at you...again and again when the stock is tanking into the ground
pumper 1 and pumper 2: stock has tanked into the ground and they are here crying and blaming others for a mine that has no future?
TNGL will be among the lowest cost producers in the world at near $52 per ton. Many others like you in Mexico have said the same thing. How many have succeeded? Close your eyes and what do you see?
Could you let us know this simple process to remove sulphur that few if any in the world know how to do? Could you also let the rest of the iron ore producers in Mexico know so they can get max value for the ore? Righ now, your mine is uneconomical even without the sulphur problem
And how do you expect to make any money with 1gm a ton gold? Everybody else in the world is losing money at that grade except you? Please tel us this miracle? The world wants to know...oh ya, you HIRED Eddie Sugar. That will do it. ROTFLMAO
so, they must enjoy losing money on every ton of iron ore produced.
Is that how the pros do it?
I bet you are crying. All this pumping and shares still tanking into the ground.
Yet the sharesare tanking into the ground with no end to low iron ore prices.
no stories to pump
On page 16 of the TNGL power point “Annual Shareholders Meeting June 23rd 2014”. www.tonogold.com/i/pdf/AGM-June-23-2014.pdf Mark Ashley states:
• Simple beneficiation process (crush/dry mag separation)
• Producing a 58% Fe product which is high in Sulfer (~0.7%)
• 18% penalty on spot price
• Current Spot price for 58% Fe is ~$75/t ($61/t after
penalty)
• Cost $60/t (incl. shipping)
• Expect to increase production, improve quality of product
and reduce impurities.
• Targeting a 61% Fe (spot price around $81/t)
• reduce penalties to ~12% (revenue of $71/t).
How is the current spot price of 58% higher than the current spot price of 62% FE?
58% fe is now selling for ....wait...61 per mt ...and that is....wait, before the 18% discount for....wait, high sulphur...
do the math and let me know how much profit that is.
Ya, they will look into importing iron ore from mexico until they see the sulphur in the ore...then they will run away
is there a future for this stock?
With the majors putting most small and medium iron ore producers out of business over the next couple of years, what can TNGL do?
Seriously, as a steel mill, would you rather buy iron ore with high sulphur or DSO from the majors at a lower price?
Their gold property at 1gm per ton is not viable, if ever, at today's prices.
so you made up the CWRN production cost. Ok, i see now.
I wonder if ole Bobby can sell iron ore in his new mine as 300 dollar fertilizer.
After all, it has iron in it, so it must be fertilizer.
Ole Bobby in his PR says a different story.
cost is 45
The majority of the new supply is coming from the world's three biggest producers, Vale, Rio Tinto and BHP Billiton, whose mining costs sit in the AUD 20 to AUD 30 per tonne range, providing adequate profits at lower prices.
Source – Reuters
ole Bobby, thru his Pr indicated his cost were 45 per ton. That is higher than most mines. When you get super, super fines ( aka, dust), production cost is much higher.
So the mine is there. So what? There are hundreds of iron ore mines all over the world. Is this a special mine with proven reserves, with proven logistics, with proven financing and with proven management? I don't think so.
Adequate quality means what? 58% Fe in China is selling for 10% to 15% below 62% Fe spot. Do the math and see this mine is not economically fesiable.
This mine and most mines in mexico is not economically feasible at today's iron ore prices. Add in low grades, the ever present "sulphur" problem and the future does not look good. Oh ya, the drug cartels might be coming up or already here in Baja.
Why are people getting so excited on a 60 dollar trade?
6 months is fast approaching and the stock is tanking into the ground. Brilliant
you can mine all you want, but will they make a profit?
one share traded today?
What is that DD and info? I need a good laugh tonight.
we've posted fert analysis as 55.42% iron
so, that means every iron ore property in the world can sell as organic fertilizer? So why aren't they doing that? Oh ya, I remember you said the buyer will "cut the iron" after buying it at 350 per ton. What will the final price be 800 per ton? 1000? Too funny.
weve posted over and over proof cwrn shipped higher than 58% ore on even 1st ship...i'm sure CCIC will disagree with you, especially after they've taken hundreds of samples compared to ole Bobby's sample that he picked off the street. CCIC won't buy without CCIC analysis
and u are the one pulling figures out of thin air in your continual off topic personal attacks ....you might want to discuss this with Clark Griswold with the Fe figures as he was the one who posted the CCIC analysis.
the extended series of calcs i did w aid of some info from a ships engineer showed shipowners cost for a panamax was 13-15/ton- and due to a glut of ships in many of the past years they've been rented below cost...so you and a ship engineer did the analysis? ROTFLMAO. So what you say is true? What does a ship engineer know about the cost of chartering. Or even you? 13-15? Too funny, really funny. Can I tell the boys in Manzanillo about that price...again? They haven't had a good laugh in awhile.
at 80 dollars a ton, do you think "Brad" will make much money selling low grade ore? I don't think so. Remember 80 dollars a ton is for 62%. Big discounts for 58% and sulphur is always a problem in Mexico. That's not the past or the present, its the future.
I'm taking your LMAO and trumping you with ROTFLMAO
I understand why you are so angry. Being down 225K+ has that effect on people, especially when you are fed false information ( aka .. ..patsy)
Again, ask the novel writer to stop posting:
1) about fertilizer sales because if iron ore can be sold as fertilizer, everybody in the world would be doing it and prices would then plummet to nothing. Just because fertilizer has a little iron in it, does not make it fertilizer.
2) about the cost of a Pananmax ship to China costing 10 to 12 dollars. That's just insane. I don't know how someone makes these prices up. Try doubling that price and then you're in the neighborhood
3) about ole Bobby have high grade ore. 58% fe is low grade ore. China is now getting very steep discounts for this ore vs 62%. 62% Fe is the standard, not 58%. Nobody is going to pay 62% prices when it's 58%, so stop comparing those numbers.
4) about production cost being 5 dollars. That's just too funny to go on.
4)Better yet, move out of the past ...who is this Russian guy you and others think I am. Its ok for you to GO BACK TO THE PAST and make snide remarks, but not others? Who is it that told you about the Russian guy? Was it ole Bobby?
Finally, even Resnick told you guys he won't start any operation unless iron ore prices go up. This is a high cost operation and always will be. STOP HOPING. Its over
what exactly is current?
all I see is constant postings about the CA case that involves....let me see...oh ya, ole Bobby is involved...you know, the one that went to jail for fraud.
could you also tell that to the novel writer?
How much more can they drop?
the crickets will let you know