Oh Westcott! I do admire your stoic defence of this stock.

First 26 Last

Share
Profile

Follow
Colonel B Ron

331 Posts.

14

16/04/15

00:27

Post #: 15095387
Share

Originally posted by westcott ↑

Hi qball.

Just this minute sent them another one. Just read something that back's up what I suggested yesterday.
I made some suggestions about making it known in the world press about Sundance Resources being able to supply Europe,Arab States and Middle East at cheaper prices than RIO and BHP. Suggested they also push the world press about the High Grade 66%Fe Concentrate and +68%Fe Pellet Feed that they can produce.
Suggested they look to Europe and Arab States for some funding.
Made note that Noble were due for at least 50% of production, Cameroon Government option of 15% and leaving 15% for Russion Investor, Europe and Arab States.
Obviously the more they produce the more tonnes each party gets in tonage. We are up to a production figure at this stage of 40Mtpa, I believe it will be more like 50Mtpa by the time production starts.

I suggested that if funding is found and production started that they dig out Metzimevin as early as possible. They then start stock piling the Itabirite and get it beneficiated as soon as perhaps the 3rd year after start up. They would then be looking to be getting a far better price than others for the 66%Fe to +68%Fe Concentrate and pellet feed.

Just read a report from Bloomburg from April 15 2015, to-day. Defiance at Iron Knob Disrups Big Miners Market Power Play.
Bottom of Page 3, The company spends about A$68 making each ton of iron ore Pellets from its Savage River project in the north of Tasmania, but the higher material sells for A$105 a ton, so remains profitable.

Sundance Resources has stated their Concentrate and Pellet Feed at around $40 per ton cost.

Regards
Westcott.

Expand

Oh Westcott! I do admire your stoic defence of this stock.

SDL Price at posting: 1.9¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers