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@0Kib RC drilling on 24 holes happening next week at Kalpini. It is currently not included in the high grade resource by $ARL.AX Old records indicate a 40mt laterite ore with 1%+ Ni and 0.08% Co. Upgrades to high grade zone resource estimates likely after Kalpini drill results come out, probably next month. #cobalt #nickel
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from #arl.ax,
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@Excelsior H.R.1407 — 115th Congress (2017-2018) #SpecialtyMetals “To establish a strategic materials investment fund, and for other purposes.” “STRATEGIC AND CRITICAL MATERIALS.—The term “strategic and critical materials” means—” (A) the lanthanide elements, #yttrium, and #scandium; (B) #titanium and titanium alloys; (C) #magnesium; (D) #antimony; (E) #tungsten; (F) #uranium; (G) #tantalum; (H) #fluorspar; (I) #lithium; (J) #strontium; (K) #vanadium; (L) #steel— (M) #zirconium and zirconium base alloys; (N) metal alloys consisting of #nickel, iron-nickel, and #cobalt base alloys containing a total of other alloying metals (except iron) in excess of 10 percent; (O) #thorium; and (P) any other materials determined to be materials critical to national security by the Strategic Materials Protection Board established under section 187 of title 10, United States Code. https://www.congress.gov/bill/115th-congress/house-bill/1407/text
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@0Kib Kalpini .."As with all cobalt-nickel mineralisation throughout the KNP Cobalt Zone, mineralisation at Kalpini occurs in subhorizontal bodies usually within 20-40 m of surface. The mineralisation has developed near to surface as particular ultramafic rocks have weathered and broken down over the ages. This style of mineralisation is therefore very soft and, given its geometry, is very easy to mine." $ARL.AX #Cobalt #Nickel
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from #arl.ax,
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@PamplonaTrader $RNX $RNC just formed a #nickel JV with Waterton. $30m war chest to acquire projects. Beta Hunt in Australia. $ARL.AX #cobalt
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from #arl.ax,
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@PamplonaTrader Waterton Global just paid US$22.5m for 50% of the giant (but pitiful grade) Dumont nickel-cobalt deposit, implying a value of US$45m. Canada's RNX and Waterton are injecting another US$35m into the JV to make acquisitions. Together, the cash and implied value of Dumont should give the JV a market cap of ~US$80m. This versus ARL's fully diluted enterprise value of just US$30m. #nickel #cobalt
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from #arl.ax,
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@0Kib Isolated projects of $ARL.AX (yerilla for example) have NPV of US$200m+ while the flagship KNP had NPV upwards of US$1 billion the last time 95000m drilling was done. Yet market cap is but US$35m #Nickel #Cobalt #Zinc #Gold
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from #arl.ax,
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@londonkiwi #nickel current pricing $10.1k /tonne; most of the forecast pricing I have found in my research is saying $16k-$20k by 2020 based on upcoming supply deficit. $ARL.AX
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@MiningBookGuy Exclusive: Philippines allows suspended miners to ship out nickel ore after clampdown http://www.reuters.com/article/us-philippines-mining-exclusive-idUSKBN16V0EI (h/t @piercepoints) #Philippines #nickel "The Philippines' environment ministry has allowed eight suspended nickel ore miners to ship out stockpiles of mined ore, sources told Reuters, temporarily boosting supply from the world's top exporter of the raw metal after a major crackdown."... "Allowing the halted mines to sell their stocked #nickel ore is aimed at limiting the potential build up of silt in nearby waters, an official with knowledge of the order said, rather than the government toning down its campaign."
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@0Kib "Nickel laterite" and "1/10th of where they were trading during the last Nickel boom" and "1/3rd of ore value coming from cobalt" - all clues from Sam Broom point to $ARL.AX #cobalt #nickel
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from #arl.ax,
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@0Kib $ARL.AX thankfully I'm happy being a sucker. Cobalt is 1/3rd of ore value for $ARL, rest is #Nickel. Among base metals, Ni remains one of the most attractive, with average industry op margins of -10% now vs +27% LT historical average (meaning Nickel prices have to rise ~70% for margin to approach LT average). And $ARL has one of the largest undeveloped but JORC defined bulk deposits of Nickel in the world. #Cobalt is credits not the meat. Meat is Nickel @investorwannabe
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from #arl.ax,
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@PamplonaTrader BHP, Vale, ShanShan were all stakeholders in the KNP during the last cycle. Norilsk also owned assets in the immediate area including the Cawse HPAL plant, which is currently on C&M. $ARL.AX is both a cheap option on #cobalt #nickel as well as a #DRC put (a situation which I believe will come to a head by y/e). Robert Friedland, Rick Rule are believers in the cobalt story. Waterton Global and $RNX are also players. For #cobalt speculators, I can't think of a better assymetric trade than $ARL.AX.
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from #arl.ax,
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@MiningBookGuy “Certainly, the acquisition of Jubilee as CEO of Xstrata Nickel was not our finest moment” http://www.mining-journal.com/financeinvestment/companies/certainly-the-acquisition-of-jubilee-as-ceo-of-xstrata-nickel-was-not-our-finest-moment/ #MiningJournal "Great series of interviews by London-based advisory firm Stratum International in its new publication containing feedback from some of the global mining industry’s high-profile leaders on questions about their past, present and future. The publication, On the shoulders of giants: Leadership lessons from mining greats, features interviews with Ross Beaty, Maryse Belanger, Lukas Lundin, Catherine McLeod-Seltzer, Hugh Morgan, David Netherway, Mark O’Dea, Ian Pearce and Rick Rule." This sounds interesting. Both the specific #Nickel story for #XStrata at the time, and all these other names. #StratumInternational
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from #index,
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@Quantum Just got off phone with stainless mill in US. Order books not good. Flood of material coming in from overseas. Sees weakness moving forward. #nickel #stainless
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@Newton Thanks @Quantum interesting to hear RE #nickel. Sounds like classic market cycles with price spike drawing bunch of new supply and driving prices down!
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from @quantum,
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@0Kib All time high close for $ARL.AX #Nickel #Cobalt #Gold
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from #arl.ax,
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@MartinTurenne @highheat consensus is that #nickel supply/demand fundamentals should be supportive of price (i.e. market deficit in 2016, and projected deficits for the rest of the decade and beyond). but in the short-term uncertainty over Indonesian and Philippines supply weighs on the price. Fundamentals summarized on page 3 of $FPX presentation http://www.firstpointminerals.com/i/pdf/First-Point-Minerals-Corp-Mar-2017.pdf
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from #index,
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@MartinTurenne Jayant Bhandari with a new write-up on some juniors; scroll down for his take on companies including $FPX and $AU http://jayantbhandari.com/latest-musings/indiagettingworse/ #nickel
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@MartinTurenne I've been a skeptic on batteries as a significant driver of #nickel demand, but this article from Roskill and recent pronouncements by Glencore suggest battery demand could go from current 80ktpa (or approx. 4% of current annual global nickel demand) to 400kpta by 2025 (or approx. 20% of global annual demand). "In Roskill’s view, this potential upside for nickel is not yet priced into the market." https://roskill.com/news/nickel-market-beware-batteries-can-no-longer-ignored/ $fpx
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@0Kib Management has played a nice little game here. Big announcement due tomorrow as the long trading halt is lifted and then only 7 odd trading days left to the free options record date given a T+2 settlement. Small float, Limited window....= Squeeze! The week prior to the trading halt saw serious accumulation and the stock rising ~30% in one week. $ARL.AX #Nickel #Cobalt #Gold #Zinc
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from #arl.ax,
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@0Kib Last 5 trading days left to collect 1 for 3 free loyalty options with a 1 year expiry. 5 day VWAP + 25% would be the strike price, so likely $0.8-0.9 $ARL.AX #Cobalt #Nickel #Zinc #Gold
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from #arl.ax,
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@DanO Sherritt scales back Ambatovy ownership, to remain operator http://dlvr.it/P2QPtk #nickel #cobalt
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from ~roughingit,
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@0Kib #Nickel ....at current spot even the 90th percentile producer is not profitable.
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from @0kib,
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@0Kib Good luck @Rulingmining The share register including the option dilution will still only be about 100m assuming 100% get exercised. The TH was uncalled for but seeing that they are on course to expand #LewisPonds size by 3-4x through the current drill program, its a forgivable error. A normal news release would have sufficed. And together ..the high grade KNP zone and Lewis Ponds are nearly US$10bn insitu value. That would compare to US$60m FD market cap at 80c (expected strike price). That would still be nothing considering the outlook for #Cobalt and especially #Nickel (prices have to double to reach LT average). If anyone is going sell, next week or fortnight is better. Take the free options and the good news that management will throw our way. $ARL.AX
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from #arl.ax,
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@0Kib http://news.abs-cbn.com/news/05/09/17/new-denr-chief-says-can-allow-responsible-mining Cimatu's first public statement is positive "can allow mining in the country as long as it is done responsibly" $SAU #Philippines #Gold #Copper #Nickel
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from #sau,
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@0Kib I still have a boatload of $ARL.Ax so will get a ton of these unlisted options. #Nickel #Cobalt #Gold
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from #arl.ax,
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@0Kib & @HRA-Coffin if jurisdiction was really that bad, you wouldn't have 50+ mines operational in Mindanao and you wouldn't have Phillipines as the biggest exporter of #Nickel to China. Cut them some slack $SAU #copper #Nickel
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from @0kib,
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@anomalloy $WLF continues rising, up 10% this am on little volume, but its still undervalued and the indicators are looking perfect. http://www.stockcharts.com/h-sc/ui?s=WLF.V&p=D&b=5&g=0&id=p74910331943 #ninjapicks #gold #nickel #copper #cobalt
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@drezinho Added $BAR shares today. Didn't realize how high grade their Bug Lake intercepts were: 1,138 g/t x 4.87m (comparable to $CDB 's 4,440 g/t x 0.9m hit). 51% of all Martiniere system holes have returned intercepts of >10 g/t gold. The depressed share is probably an over-reaction to the uncertain timing of the resource estimate but management has made it clear they prefer to plow ahead with drilling to keep adding oz's. All Martiniere deposits open at depth and down plunge. This could be a stealth takeover target with Hecla and Detour nearby. Management with successful track record: West Timmins Mining taken out by Lake Shorefor C$424m in Nov 2009). And you get a 3.5mt at 1.8% NiEq deposit for free. #nickel #gold http://cdn.ceo.ca/1chjont-Capture.JPG+
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from #bar,
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@MartinTurenne From TD today: "Last week’s LME Asia week offered a relatively upbeat assessment of the prospects for base metals over the next 12-months. The focus was on mine supply issues, forecast deficits, and the hopes that China’s growth slowdown would be countered by the much trumpeted “belt and road” initiative. This pan-regional programme aims to develop infrastructure across 60 countries with the aim of boosting growth based on sorely needed infrastructure investment spending." #copper #nickel #zinc
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@Goldfinger Base metal inventories cut in 1/2 since 2013 peak: http://cdn.ceo.ca/1chktd1-Base_Metal_Inventories.png+ $copper $nickel $zinc
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@EpsteinResearch #copper #lithium #nickel Electric vehicles require more copper wiring than standard internal combustion engines. For example, the battery in an electric car contains about 38 kilograms of copper, 11 kilograms of cobalt and 11 kilograms of nickel, according to Glencore. Those materials, along with maganese, stand to benefit from more demand for electric cars, Glasenberg said.
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@MartinTurenne Vale to shutter Birchtree #nickel mine in Manitoba http://ca.reuters.com/article/topNews/idCAKCN18C2GA-OCATP 200 to lose their jobs. Too bad Vale isn't shutting Goro instead, but closure costs there are fearsome
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@anomalloy Activity increasing lately on $WLF. Entering seasonal peak period. 1st qtr report shows 5x exploration spent on Rice Island. And the chart indicators are perfectly lined up for a positive move, imho. http://www.stockcharts.com/h-sc/ui?s=WLF.V&p=D&b=5&g=0&id=p73387710522 http://www.sedar.com/FindCompanyDocuments.do #ninjapicks #cobalt #gold #nickel #index
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from #wlf,
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@BS What's the latest on #nickel ? How have the situations in Philippines and Indonesia evolved over the past few months?
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from ~zinc,
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@MartinTurenne Phil production will continue, but likely lower than in recent years. Phil 2017 YTD production is down 27% yoy (80kt annualized), due to mostly to rain. Indo ore shipments are likely to add 60-80kt new supply this year. So Indo and Phil changes likely cancel each other out for 2017. Market expected to be deficit between 60-80kt this year, consistent with 2016. Consensus is for similar or larger-sized deficits for the next several years. But stocks remain high. #nickel
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from ~zinc,
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@MartinTurenne Fascinating report by UBS last week highlighting the impact of electric vehicle growth on demand for copper, aluminium and nickel. UBS predicts that in a future world where 100% of vehicles were electric, demand for copper would be +21%, with aluminium +13% and #nickel a whopping +118%. UBS predicting that by 2025, 13.7% of global car sales will be electric. Summary here: http://www.telegraph.co.uk/business/2017/05/19/electric-vehicles-cost-conventional-cars-2018/ Full report here: https://www.scribd.com/document/348864125/Margin-Report-UBS-Model-3-Bolt-EVV
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@tommy An old @StanSudol story on #Sudbury, #nickel, #Inco and WW2 that may be of interest http://cdn.ceo.ca/1cjbmfv-aaa-Inco-Nickel%20and%20War%20-%20National%20Post.pdf www.republicofmining.com $FPX note the GoC solicitation for War Bonds!
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@MartinTurenne @Tommy Inco and Falconbridge two dearly departed Canadian companies. Would be great if Vale ever followed through on their long-rumored plans to spinout their #nickel business into a "New Inco" entity. http://business.financialpost.com/investing/brazils-vale-mulls-toronto-and-london-listings-for-some-base-metals-units-sources-say
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@MiningBookGuy Cobalt at Black Range exceeds expectations; associated with scandium and platinum group metals http://www.asx.com.au/asxpdf/20170613/pdf/43jwppw023hgbw.pdf $ARL.AX #Australia Partial Highlights: • Extensive blanket of strong #cobalt and #nickel mineralisation intercepted at Black Range. • #Scandium discovered at Black Range as a significant surface enrichment, with accessory #platinum and #palladium being widely distributed. Together, these metals form a continuous sheet of mineralisation commonly from surface. • Cobalt-nickel intercepts include: o ABR0006, 10 m at 0.12 % Co and 0.74 % Ni from 16.0 m o ABR0008, 16 m at 0.16 % Co and 0.74 % Ni from 60.0 m o ABR0009, 10 m at 0.12 % Co and 0.81 % Ni from 34.0 m o ABR0013, 10 m at 0.21 % Co and 0.75 % Ni from 4.0 m o ABR0014, 8 m at 0.20 % Co and 0.87 % Ni from 2.0 m
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@MartinTurenne FT: Shine Could be Returning to #Nickel "Nickel trades at about $4 per pound. At that price, 40% of world output loses money, according to RBC. And that comes before considering the added capital costs for mines and processing plants." https://www.ft.com/content/81697180-5670-11e7-9fed-c19e2700005f $FPX
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from #index,