1) first draft of my rationale covering why I believe the capex @jangadamines pitombeiras project will be considerably lower than most are used to seeing.
#jan
2) continuation of above rationale on low cost capex @jangadamines project #jan
3) there is also the potential to add a Fodere plant at the end of the process up upgrade the ilmenite concentrate into a higher value tio2 product.

Costs of these not published, best guess at this stage additional $10m-$15m. Worry it if capex available for it #jan
4) or even better still at an additional chemical plant such as largo refer to.

Most know my thoughts on largo as partner for #jan

ilmenite grade is circa 55% tio2 and price is circa $200 per tonne.

Pigment grade is over 99% tio2 with price of between $2500-$3000 per tonne.
Now looking at some of the data which should feed into @jangadamines opex.

Those aware of metal price and grade should already start to see margins will be good #jan
6)continuation of above covering aspects affecting #jan Opex

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More from @DavidCa041980

23 Sep
1) I suspect most have forgotten or were unaware that last year #arcm posted cores with visible copper from CE. Assays later showed this core section to include copper at 13%..
Worth reviewing this announcement

s2.q4cdn.com/256050873/file…
2) the cores covering the section that produced the 13% grade #arcm reported on CE hole 2 is shown below.
3) the cores released earlier this week appear to show more mineralisation than cores produced last week. Shown below
Read 12 tweets
31 Jul
1)With final assays received 22nd July it shouldn’t be long until @jangadamines #jan release Jorc.
Average grades exceed pre-drilling guidance on iron and #tio2 with #v205 well over mid.
Guidance was 40m-60m tonnes, this should provide inground value of $7b-$10b.
Current MC $9.1m ImageImageImage
2) in addition to the iron/vanadium #jan have some excellent tio2 grades. Peers such as TNG ltd & Largo are looking to provide a pigment grade product which sells for $2800 per tonne.
If #jan can replicate the inground value of their tio2 would be additional $12b-$18b
3)

There is also potentially a deeper nickel/cobalt deposit as there was at Pedra Branca. @jangadamines #jan drilled deeper than the 50m v205/fe/tio2 layer...
Read 5 tweets
15 Jul
1) How many are asking the question why did #arcm agree an exclusivity agreement and why with Anglo? They’ve not got other assets in the area and didn’t make my top 5 list 🙈.
2) Perhaps with NIck previously working at Anglo he was able to have a more frank discussion about what they’d need to do for #arcm to agree a deal.

BOD have expressed before their preference for a deal to be at an equity stake at company level rather than farm out.
3) benefit of equity stake is we continue to control the project and development speed and equally share the benefit of discovery.

Majors often want farm outs in which they take controlling interest and upside is much more limited
#arcm
Read 10 tweets
11 Feb 19
Been taking a position in #jan recently. Economics in last years PEA were great, but the subsequent RNS about significantly reduced capex and the resource size should improve these significantly
In addition palladium prices have increased significantly are up over 30%.

Recent News from S Africa in which over 30% of palladium and 75% of all PGM shows power supply issues are running out of control. Smelting operations will be hugely affected by power outages.#jan
BFS is due Q2 with good news flow leading up to it. Parties looking at new palladium projects will want stable power supply. Miners in S Africa may want to diversify with some operation outside of S Africa. Should be good interest in PGM projects at the time BFS is released #jan
Read 7 tweets

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