Australia's largest stock trading and investment forum Australia's #1 stock forum

MRC mineral commodities ltd

0.00%

2.6¢

Hi Neville,moving the PCB down to beaches 1-5 or processing the...

First 142 Last

Share
Profile

Follow
spid81

16,776 Posts.

7095

12/06/22

15:07

Post #: 61964854
Share

Originally posted by nevilleb: ↑

Spid

You don't get it, they are wasting time mining northern beaches and blending it with mined material from the Tormin beaches to keep the wheels turning and appearances with mining/processing statistics, whilst barely making money during a period of time where the costs of fuel are at historical highs. If you take a moment you will be able to see what the price of diesel is in SA, on par with Australia.

If they have the resource as you stated above, why is this not reflected in the March 2022 quarterly results?
To me it looks like the Ilmenite, Zircon/Rutile grades are like tailings figures, when compared to the resource you have posted from the December 2021 resource statement.

Why would they even bother with time wasting and money relocating the primary processing facility from Beach 10 near Beaches 1-5 for a short term campaign if you intend on going back to Beach 7-10 now that it has replenished?
Or is it one of the options below regarding Beaches 1-5;
1. to haul the mined material from Beach 1-5, transport it north to Beach 10 to go through the primary process and then haul it again back past Beach 1-5 and complete the process at the plant on site? (Count the kilometres of haulage and watch the cash vanish)
2. to haul mined material straight from Beach 1-5 direct to the plant on the mine which is over twice the distance from the furthest beaches at Tormin itself? (hauling a lot of waste for nothing is just a waste of time and money)
Seems like a lot of wasted time, energy & money regardless of the "likely" grade as you stated above that Beaches 1-5 might have.

Being a small company they cannot absorb waste like larger companies with bigger balance sheets, which is why i said they should shut it down until they are given the go ahead with the inland strand.
The company is not in a financial position with only 2.2M in the bank to waste funds any further.

Please don't refer to the material processed at Tormin as finished as you did in your post earlier to Harris541.
This is a misrepresentation of the material that MRC sell which is concentrates only, which is sold to companies that reprocess the concentrates into finished products.
The links below for all readers to get an understanding of what MRC produces, you will see they are all concentrates.

Its interesting to read the composition of the ilmenite concentrates being sold from the product specification sheet.
Ilmenite 45-55%, and a rather large content of Garnet 45 – 54%

If MRC does build an MSP then they will have the ability to produce finished products, which should be a future goal for them if economically feasible in the long term.

https://www.mineralcommodities.com/wp-content/uploads/2019/07/MSR-OHS-PSS-0004_0-Product-Specification-Sheet-LG-Ilmenite.pdf
https://www.mineralcommodities.com/wp-content/uploads/2019/07/MSR-OHS-PSS-0007_1-Product-Specification-Sheet-Zircon.pdf
https://www.mineralcommodities.com/wp-content/uploads/2019/07/MSR-OHS-PSS-0009_2-Product-Specification-Sheet-Garnet.pdf

IMO
DYOR

Expand

Hi Neville,

moving the PCB down to beaches 1-5 or processing the the HM at Tormin would be common sense, something you seem to lack.
Why are you invested in MRC if you think the company is run by people who have no idea?

If you really wanted to you could have jumped on the satellite imagery to determine exactly where they have been mining. But you don't seem interested in talking about anything positive about MRC.

I have to say, MRC has a strange bunch of apparent shareholders who never see any positive in the company.

Harris and I have already discussed MRC's finished product, which is not the higher grade concentrates, this is why MRC currently sees a discount on the spot market prices and is looking at installing the equipment to increase the value of its heavy metals.

I am sure you picked that up from the companies recent 5 year plan.

BTW, you think MRC should close down its mining operations,

Yet they are forecasting a significant increase to last years production due to recommencing processing of the inland strands mineralisation.

https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wm4zxf3v%2Fpr%2FLFiGug%3D

MRC Price at posting: 9.6¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini Resources onto Phase 2 at Portland Creek after spotting 'widespread uranium'

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

DMP

Is Domino's a steal after -25% plunge?

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

First 142 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

SPONSORED BY