Cardero strives to identify world-class mineral deposits and facilitate production in prospective, under-explored regions of Peru, Mexico and Argentina. Cardero is a leader in exploration and development of Iron-ore, Copper and Gold projects in the Americas.
Corporate Overview
Founded in 1999, the Company continues to maximize shareholder value by utilizing management's strong regional network, geological and operational expertise to implement the most economically sound and environmentally friendly approach to building its business.
Corporate Vision
Become a leading Mining Company, supported by a culture of teamwork, innovation and integrity.
Strategy for Enhanced Corporate Performance:
Provide safe working environment
Fulfill employee's aspirations
Protect the environment
Respect cultural values and differences
Maximize shareholders value
Support local communities
Expertise
Community Relations
Knowledge of and sensitivity to local cultures within countries and regions of operation
Establish mutually beneficial relationships within the communities around operations
Ability to implement a management plan to provide a practical and proactive framework for managing communication, activities and community concerns
Corporate Standards
Environmental Management
Ability to implement an Environmental Management System
Capability to apply high standards of environmental performance
Safety
Ability to implement a Health and Safety Management System
Provide training
Create a safety culture
Purchase Price Revised to USD 100 million and Bank Guarantee to be Provided by Buyer
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, NYSE-A: CDY, Frankfurt: CR5) announces that the Company, the Company's Peruvian subsidiary, Cardero Hierro del Peru, S.A.C. ("Cardero Peru") and Zibo Hongda Mining Co., Ltd., a subsidiary of Nanjinzhao Group Co. Ltd. ("Hongda"), have reached agreement to amend the provisions of the October 24, 2008 sale agreement for the purchase by Hongda of the Pampa de Pongo Iron Deposit in Peru. Hongda had requested a price reduction due to difficult global economic conditions that have significantly adversely impacted iron ore prices. Following extensive negotiations, Cardero has agreed to revise the final sale price to USD 100 million (of which USD 2 million has already been paid).
Accordingly, Hongda has paid the required USD 10 million deposit to Cardero Peru, which is non-refundable unless Cardero terminates the agreement or Rio Tinto Mining and Exploration, S.A.C. ("Rio Tinto") exercises its right of first offer. Due to the new lower purchase price, pursuant to its right of first offer Rio Tinto will have another 45-day period to match the revised terms. If Rio Tinto does so, Cardero will repay the USD 10 million deposit to Hongda.
The balance of the purchase price of USD 88 million is now due on the earlier of ten days after Hongda has received the necessary Chinese governmental approvals to proceed with the purchase and December 17, 2009. The break-up fee payable by Cardero, should it determine not to proceed with the transaction (whether due to a better offer or otherwise), remains at USD 20 million (plus repayment of the USD 10 million deposit). Hongda has agreed to provide, within 90 days, an irrevocable letter of guarantee from a senior Chinese bank guaranteeing the payment of the balance of the purchase price.
"The Board firmly believes that accepting the offer of USD 100 million is in the best interests of the Company and our shareholders, given the current long term projections for the global iron ore markets. The revised agreement will provide us with very significant amount of near term capital that may potentially be employed in new and strategic opportunities -- instead of waiting an indeterminate amount of time for commodity prices to improve and hope to sell for higher price in the future," stated Henk Van Alphen, President & CEO. "To take Pampa de Pongo to the next level (feasibility) would result in massive dilution to the shareholders in the current challenging market, and there is no guarantee that by doing so the Company would be able to attract a significantly higher purchase price (taking into account the additional investment by Cardero), than Hongda is prepared to pay now."
About Cardero Resource Corp.
Cardero's focus through 2009 is to realise the considerable value it believes is locked in its significant iron ore assets in the Marcona District of southern Peru, the Baja district of Mexico and in Minnesota, USA while continuing to progress its base and precious metal exploration projects in Argentina and Mexico. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the New York Stock Exchange Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Hendrik van Alphen" (signed)
Hendrik van Alphen, President
Wed Jun 17, 2009
Cardero Announces 2009 Project Development Strategy
--------------------------------------------------------------------------------
USD4 million to Advance Iron Sands, Copper and Precious Metals Projects
News Release 09-08
Cardero Resource Corp. ("Cardero" or the "Company") - (TSX: CDU, NYSE-A: CDY, Frankfurt: CR5) is pleased to provide an update on its key projects moving forward. Having received USD 12 million in initial payments from the sale of Pampa de Pongo Iron Deposit to Zibo Hongda Mining Co., Ltd., Cardero can now focus on its other development and exploration projects in its efforts to maximize shareholder value while it awaits the final payment of USD 88 million.
Cardero is planning an aggressive 2009 field program to advance several high priority base (iron-titanium, copper) and precious metal targets (gold) in its extensive project portfolio.
Upcoming exploration and development efforts will focus on the following key projects:
Pampa el Toro Iron Sands, Peru - targeting a large bulk-tonnage low-OPEX iron-titanium-vanadium deposit. An initial independent resource estimate is anticipated imminently with full-scale pilot plant melt tests scheduled to commence in July 2009. Cardero is in discussions with major iron and steel groups and is considering both a joint venture to production scenario and a potential sale.
Iron-Titanium Deposits, Minnesota - The Company has scheduled an independent N.I. 43-101 compliant resource estimate at the Longnose Deposit, Minnesota, USA. Previous work by BHP stated that Longnose is "the largest, highest-grade resource of ilmenite (FeTiO3) in North America". The resource estimate is anticipated in late 2009.
Organullo Gold Project, Argentina - targeting multi-million ounce gold potential. Initial drill testing of the Organullo gold project is planned for Q3/Q4-2009. The Company believes that historic exploration failed to adequately test this large, pervasive gold-bearing system and that it has the potential to host a large bulk tonnage gold (with accessory copper and bismuth) deposit.
Baja Iron Oxide Copper Gold Belt - aggressive follow-up of previous drill intercepts, highlights of which include 260 metres @ 0.24% copper (within which 47 metres returned 0.74% copper and high grade replacement mineralization of 6.5 metres of 4% copper and 0.4 g/t gold). Drilling is scheduled to commence in Q3/Q4 2009.
In summary, as the global markets continue their recovery over the coming months, the Company will continue to work to enhance the value of its asset base with a view to attracting high quality partners to join Cardero in their development. In its effort to maximize shareholder value, the Company will selectively deploy some of the capital it receives from the sale of Pampa de Pongo in support of particularly high potential opportunities.
Iron - Titanium Portfolio
Iron Sands Project - Peru
The initial independent N.I. 43-101 compliant resource estimate by SRK Consulting Engineers is due imminently. The Company is very confident of a developing a large bulk tonnage iron-titanium-vanadium resource.
Metallurgical test-work, being undertaken at the National Testing Laboratory's 'state-of-the-art' laboratory and testing facilities in Oregon, USA, is progressing successfully and according to design. To date, high-quality Pig Iron has been produced at a bench-scale level. Based on these favourable results the Company is progressing to a full-scale melt test of approximately 40 tonnes of 'run-of mine' iron concentrates produced from the central portion of the Iron Sands deposit. The full-scale melt test is scheduled to commence in early July and will take approximately 4 to 6 weeks to complete.
The Company is currently in preliminary discussions with several major iron and steel groups with respect to the Iron Sands project, although there can be no assurance that such discussions will lead to an agreement for the sale or joint venture of the project. The Company believes that the combination of potential low CAPEX, low OPEX and a quick time to market - offering the potential opportunity to generate significant near to medium term cash flow - make the projected economics of the project highly attractive. Accordingly, the Company will evaluate very carefully any sale or JV proposal with a view to determining the best way to create and enhance long-term shareholder value.
Iron - Titanium Deposits - USA
Cardero is currently finalizing 2009 field work plans and engineering studies in order to advance its Longnose Iron - Titanium deposit in Minnesota, USA. Previous work by BHP Minerals, a precursor to BHP Billiton (the world's largest mining conglomerate), estimated 27.57 million tonnes at 21.3% titanium dioxide (TiO2) that they classified as a probable reserve. A global resource was estimated at approximately 45.36 million tonnes which remains open. During this period BHP stated that Longnose is "the largest known resource (of over 46% FeTiO3 ilmenite) in North America with over 27 million tonnes identified".
This historical resource estimate is considered relevant by the Company, both for the purposes of the Company's decision to acquire the property and to guide the Company in formulating an exploration program for the property. However, the Company cautions that both the BHP report and the included resource estimate were prepared before the introduction of NI 43-101, and are therefore historical in nature and the Company is not treating such resources as a current resource under NI 43-101. Investors are further cautioned that a qualified person has not yet completed sufficient work to be able to verify the historical resources, and therefore they should not be relied upon.
Future work programs will seek to verify the historical resources. The 2009 program will include re-sampling, re-analysis and an independent 43-101 resource calculation, which will be completed by SRK Consulting (Canada) Inc. In parallel with this work, planned metallurgical work will build on work previously completed by Pickands-Mather, Hazen Research and the Natural Resources Research Institute (NRRI). Results are anticipated in the third quarter of 2009.
Gold Projects
Organullo Bulk Tonnage Gold Prospect - Argentina
The 100% owned 6,100-hectare Organullo property is located in Salta Province, NW Argentina. The Company is targeting a large potential gold system where geological features share similarities with deeper, structurally controlled epithermal gold mineralization at El Indio in Chile. The Company believes that historic exploration failed to adequately test this large, pervasive gold-bearing system and that it has the potential to host a large bulk tonnage gold (with accessory copper and bismuth) deposit.
Earliest recorded work in the area of the Organullo property comes from reports of small-scale production from the Julio Verne mine during the 1930's. Mining activity focussed on 2 high-grade sub-parallel veins with concentrates reported to average between 10-20 g/t gold, 8.2% copper and 12.5% bismuth. Most recently, in 1994-1995, Triton Mining Corp. and Northern Orion Explorations, Ltd. jointly conducted a mapping and prospecting campaign and completed a 17-hole, 3,295 metre RC exploration drill program. This was followed with a 6-hole diamond drill program in 1997 and an additional 12-hole RC drill program in 1999 by Northern Orion Exploration. Despite the aggressive historic drilling, it appears that most of those holes were oriented parallel to mineralized structures and consequently either missed completely the main target structure identified at the Julio Verne mine or provided intersections that are not representative. In addition, recoveries were very poor, on the order of 20-30%, due to loss of potentially mineralized clay rich zones and high groundwater saturation.
Potential remains open at depth below the Julio Verne workings, along strike of known mineralization and along postulated parallel structures that remain untested.
Textures, geochemistry, host rocks and alteration assemblages are consistent with high sulphidation styles of epithermal mineralization that host prolific gold mineralization elsewhere in the central Andes. Detailed structural and alteration surveys are planned to examine the extent of hydrothermal fluid activity on the property associated with epithermal mineralization; and to test the potential for large Bajo de la Alumbrera or El Salvador-style porphyry deposits at depth. Initial drill testing is scheduled to occur in late Q3 - early Q4 2009.
Copper - Gold Projects
Baja Iron Oxide Copper Gold (IOCG) Belt
Recent structural re-interpretation and analysis has successfully developed multiple bulk tonnage copper-gold targets on the Company's Baja Iron Oxide Copper Gold project. Previous exploration by Anglo American and Cardero successfully intersected locally productive and large pervasive IOCG systems at the Picale and San Fernando prospects.
Drill highlights ranged from 260 - 280 metres @ 0.2 to 0.24% copper & 19% iron within which higher grade intervals occur ranging from 31 to 47 metres at 0.96 to 0.74% copper at San Fernando. At Picale previous exploration drilling by Cardero intersected high grade mineralization in a flat lying replacement body - highlights include 6.5 metres @ 4% copper and 0.4 g/t gold. Future exploration is scheduled to occur in Q3 of 2009 and will test bulk tonnage copper targets at the San Fernando, San Jose and Santa Maria prospects.
Qualified Person
EurGeol Dr. Mark D. Cruise, Cardero's Vice President-Business Development and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company as he is an employee and shareholder.
About Cardero Resource Corp.
While Cardero maintains its focus to realise the considerable value it believes is locked in its significant iron ore assets in the Marcona District of southern Peru, the Company also plans exploration and evaluation of its copper, gold and titanium projects. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the New York Stock Exchange Amex (symbol CDY) and the Frankfurt Stock
Exchange (symbol CR5). For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of
CARDERO RESOURCE CORP.
"Hendrik van Alphen" (signed)
Hendrik van Alphen, President
Luxor hat seine Bestände deutlich erhöht und hält nun 16,89% oder 9,861,705 Aktien an Cardero.
LCG previously filed a report with respect to Cardero dated August 8, 2008 for security
holdings of 7,865,380 shares representing a security holding percentage of 13.89%. The
net increase in security holdings since the last report is 1,996,325 shares and the net
increase in security holding percentage is 3.00%.
Quelle ist filing vom 10. Juli 2009 auf sedar.comgemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
It took 100y to put 800m vehicles on road worldwide
Analysts predict, it will take next 30 y to double that number
And China will lead the way = will be the biggest automaker in world for next 50 -100y.
And biggest manufacturer in world of everything else = unprecedented in history wealth transfer
from saturated,old, dying West.
.
China's auto market has just entered into the early stage of sustained growth.
Auto-parts industry in the next five to ten years will remain to be one of the most promising
sectors in the country and will maintain its high growth rate.
Aside from the sheer magnitude of China's auto-parts market, the auto-parts supply market of China
is expected to become the world's auto-parts manufacturing base because of its low labor costs,
among many other factors
.
The impact of this growth on oil ,steel and other metals is unimaginable.
The planet can not double oil production (peak oil ) even at $ 1000 / barrel.
Therefore an electric vehicle is inevitable, besides $ +400 oil.
But EV will still need steel ---> iron ore demand growth as far as we can see into the future.
.
In China, the annual output of cars is reaching 10 million units
More than in US and the car export grows by 35% annually.
.
Shnghai, July 2 Chinese automakers have launched 89 new auto models during the first half of 2009,
marking a new record for China's auto industry, Xinhua news agency reported Thursday, citing an industry official.
WHAT RECESSION?
"Eighty nine models in six months, that is to say one model for every two days, which is unprecedented," said Zhu Yiping, assistant secretary general of the China Association of Automobile Manufacturers (CAAM).
GEEEESUS ,Zhu, "Unprecedented "is an unprecedented understatement.
IN US they NEVER ,even at peak of auto industry, produced 139 new models a year
.
"The new models include 73 car models, nine SUV models, six MPV models and one crossover model, " told Zhu.
He predicted that domestic makers would unveil more than 50 new models in the latter half of this year
.The unprecedented launching has significantly bolstered auto demand.
Sales of China's domestically-made automobiles topped 4.96 million units in the
January-May period = 11m annualized= over 20% more than in US.
And they are going global
SHENZHEN, Jul 03, 2009 -- Chinese automakers BYD Co., Ltd. (SEHK: 1211) and Chery Automobile Co., Ltd
. want to establish factories in Rio de Janeiro State, Brazil, said the governor Sergio Cabral on July 2, 2009.
Another Chinese automaker Anhui Jianghuai Automobile Co., Ltd. (SHSE: 600418) is also set to build a factory
in Rio de Janeiro's Acu Port industrial zone, the company announced on July 1, 2009.
Earlier, Mr. Cabral expressed its wish that an electric vehicle factory would be established in his state.
.
See list of 34 China automakers and double that for S/E Asia. http://en.wikipedia.org/wiki/List_of_Asian_cars#China
AS EV GOES ,CHINA IS IN 21 CENTURY ALREADY ,while we are lagging 2-3 years.
.
Within next 24-36 months electirc car economies of scale will reach "tipping point " of mass adiption.
"After 100 years of evolution the auto industry is on verge of revolution'
( Lead by China )
Williamn Clay Ford Jr , "Ford Blueprint For Sustainability 2008"
.
Research from AllianceBerstein suggests that by 2015 , 50% of new cars sold will be " green cars".
.
Shanghai, July 2 China now has more than 300,000 alternative-fuel vehicles running on the road,
and they can save 3 million tons of gasoline and diesel each year, xinhuanet.com reported today, citing a technology official.
China is also determined to carry out the strategy of new energy vehicles to build up competitive Chinese auto brands.
It has planned to spend 10 billion ($1.47 bln) within three years on technological innovation and development
of new energy vehicles, parts and components of independent brands.
.
China is biggest exporter of light electric vehicles From:People's DailyJuly 02, 2009
One of the targets set by the national plan on industrial adjustment and revitalization of China's auto industry released in March, 2009 specifies that by 2011, China will have developed the production capacity of 500,000 new energy auto vehicles, including pure electric vehicles, plug-in hybrid vehicles and mixed power-driven vehicle
According to the blue paper on China's auto industry in 2009, the number of electric bicycles
and electric motors has reached about 50 million, which accounts for 90% of the world total.
.
Jun. 15, 2009 - Shanghai, an economic powerhouse in eastern China, saw loans to auto buyers
hit RMB 17 billion ( $ 2.5 B) by the end of May, representing a year-on-year growth of 55%, geeeesus...just 1 city .....the municipal banking regulatory commission said on Saturday.
.
Would you buy this car for $ 13k from Warren Buffet- 10% stakeholder in BYD - the future 900 pound gorilla automaker ??
($ 22 price - up to $9k= China various subsidies for buying EV and price drop later with economy of scale )
BYD is selling PRIFITABLY more cars (4 m ) than GM. http://www.blogcdn.com/www.autoblog....a/2009/03/byd_e6_580b.jpg
.
5 seat MPV, totally electric plug-in
cost per mile - 2.5 c, Fuel savings @ 50 km/y= $ 3000 =$ 50k over 15 y =2 x the price of car.
+ saving $ thousands on maintenance ( just 7 moving parts)
Lifetime cost $ 30k vs $ 80k regular car @$22k price ( not counting $ 9k subsidy)
2 cars family can buy just from fuel savings a foreclosed home in Can /US. geeeesus.
This thing will take over the world in no time.
top speed 100mi = 166 km
0-100kim - 9.2 sec.
battery life 2000 cycles = 373 k mi = 600k km = 20 years @ 30k km/y
(note : that battery is nothing in comparison to titanium-oxide anode battery ,9000 cycles, described below)
charging time 15 min
range: 300km = 186 mi = same as any car.
Selling in China already,In 7 months selling in EU , in 1.5 Y in US.
(suggestion :better do not emerge from bankruptcy .... GM)
BYD's smaller F3DM hybrid is much cheaper.
.
===============
,
CDU will participate in that revolution not only thgrough it's iron ore and copper holdings
( + valuable China contacts) but also through illmenite = titanium.-iron -oxide.
.
The Holly Grail is new , emerging battery technology
One of the breakthrougs is Altair Nanotech , EnerDel's and others
Lithium Titanide Oxide (LTO) anode for Li-Ion batteries.
LTO batteries are poised to capture significant market share of ( not only) exploding EV market.
Eg: ;US Navy is already buying those Litium-titanide batteries for backup power systems.
They have several times higher power density per unit weight than regular Li-Ion batteries
(4000kW/kg vs 200kW/kg for conventional Li-Ion= 20x )
and work SAFELY between minus 30 C and + 240 C.with only 5% self- discharge per month,
with 9000 charge cycles vs 1000 conventional.= good for 25 years and 10 min charge.
.
Guess who has the biggest in US resource of Ilmenite ?
Ilmenite is titanium-iron oxide and CDU's 41-101 on that one is also due "imminently "
And what country produces 1/2 of Li-Ion batteries in world?
THE COMING WORLD'S NEW TRANSPORTATION PARADIGM WILL RUN
INCREASINGLY FOR NEXT +100y on Lithium and Ilmenite.
( no need for CDU to even de-oxidize / smelt the titanium ore )
.
BTW, Titanium is a major material in exploding nano- materials industry too.
geeeeee.
.
IN SUMMARY:....CHINA FOREVER , or at least till the end of our life
.
China runs on coal and steel and little guys like CDU are here to serve profitably the Empire.
.
Our little minds can not comprehend the enormity of changes there, ..and the consequences...
.... like building more homes in 1 y than Canada build in her whole history....
..like few 1 million people new cities every year....
..like achieving in 50y as much as US in 300y and Europe in 2000y, hiccups notwithstanding.
..like population of engineers, doctors,businessmen (creating 24/7 )...several times the US .
.Last time we checked, they didn't have yearly income per capita of $9k ...now they are getting $ 9k subsidy
on a $22k CAR OF THE FUTURE....
THAT'S THE SPEED OF EMPIRE GROWTH
The next big China export growth is yuan ( replacing already USD paper export - they learn US tricks fast)
I said before ... CDU should insist on getting paid that USD 100m for PDP in yuans.
Yuan 5%/y appreciation vs USD is guaranteed by China gov. ,therefore China 5% SAFEST IN WORLD treasuries
will generate real 10% when converted back to USD ,on top of looming USD devaluation.( Canadian shares listed in US shall appreciate just because of sliding USD too )
See the link..even a little Chinese peasant selling garlic to Vietnam will not accept USDanymore... geeeesus
Is he smarter than me ? http://www.bloomberg.com/apps/news?....1087&sid=aTfv_xVi9efw
..
This is part 3 in a series exploring potential of CDU's titanium -oxide deposits., on top of overall valuation here http://www.stockhouse.com/Bullboard....;r=0&s=CDU&t=LIST
part 1 here http://www.stockhouse.com/Bullboard....mp;s=CDU&t=LIST[/url]
part 2 http://www.stockhouse.com/Bullboard....;r=0&s=CDU&t=LIST
=============================
.
The battery space is bustling, boiling like Internet space in 1998,
Everybody and their mother is jumping on it.
The tipping point in US is Obama 's $5 billion in loans, grants, and tax credits to help stimulate the development of large-scale domestic production of advanced, lithium-ion batteries for hybrid and electric cars.
Toppled by state's and Dep of Defense $ 1b and counting .
The stimulus plan recently passed by Congress includes $16.8 billion to promote energy efficiency and the development of renewable energy.
A large portion will go toward developing a domestic battery industry including $2 billion in grants for manufacturing advanced batteries and up to $2.4 billion in tax credits for building battery plants.
They all love free $$billions for battery developments and manufacturing.
Another bonus included is a $7,500 tax credit for people who purchase plug-in hybrid cars, which will indirectly boost lithium-ion battery production.
On top of that there are gov. loans and loan guarantees :
The Obama Administration is awarding $8 billion in three conditional loan
commitments for the development of innovative, advanced vehicle technologies:
$5.9 billion for Ford Motor Company;
$1.6 billion to Nissan North America, Inc.;
and $465 million to Tesla Motors.
.
From concrete plans of different battery mnf., looks the 50% of new car sales will be green cars by 2015
is old news .
100% by 2013 looks more like it .
This is real revolution,though 1/2 step towards EV= HEV will dominate initially.
.
It is hard to predict battery winners - too many chemistries ,approaches,alliances, JVs
But LTO, lithium-titanate oxide battery seems to be the best technology.
.
The old US is straiking back with force in a green car space but the main problem remains:
China can produce both batteries and cars for 1/2 US price and has already 50% market in batteries.
-- at least 6 juniur expolrers stalked everything there was to stalk in North and South Amer.
as Lithium deposits go.
.
According to OLD REPORT by USGS, overall demand for lithium is growing at a rate of 4-5% per year
- Demand for lithium destined for battery usage is predicted to grow by 20% per year
After US jump on it , make it now 10% and 40%.
.
- The worldwide market for rechargeable lithium batteries is estimated to be worth over $4 billion/year
- The automotive market alone is projected to reach $337 million in 2012, and $1.6 billion in 2015 http://www.safehaven.com/article-13074.htm
.
My guess :Titanium oxide demand can get extra 10-20% growth out of it.
May be enough to create interest in CDU's - biggest in US - deposit.
.
The battery thing is big but expotential growth in nanomaterials, mostly manufacturing of coatings based on titanium oxide is even bigger,
.
According to Lux Research ,nano-enabled products will reach 3.1T$ by 2015
They divided market into 3 categiries ; mnfg. electrinics ,life sciences.
The manufacturing willl be leading sector , 45% growth and 1.8 T $ rev by 2015 .GEEEEESUS
Electronic sector ( like titanium oxide nano-anodes for LTO batteries) 51 % growth and $949b $ by 2015.
geeeesus.
CAN WE GUESS 20-30% TITANIUM OIXIDE DEMAND GROWTH ?
================
Vancouver new by-law approved Thursday, developers must include plug-ins for electric cars
in at least 20 per cent of parking stalls in new condominium and apartment buildings,
along with some city-owned parking lots
Landlords ,parking lots and parking garages in a "gas station " business? ...hmmm...
.... that should boost interest in commercial RE = new revenue stream.
....
China agrees to the iron ore price roll back the cartel has alreadynegotiated with other countries in Asia - i.e., -33 percent. ...better than paying thosehigher and increase spot prices, eh?
When negotiations began - concurrently with the start of the financial crisis - Chinese buyers were demanding a 40-50 percent roll back. However, this agreement is good for only 6 months. If world economic conditions continue to improve, they will be paying even higher prices at the start of the new year, a couple of months after they also start negotiations for the 2010-2011 fiscal year.
By the way, average steel prices for the month of May were up for the first time in 11 months. ...bodes well for stable-to-higher iron ore prices.
To: Quentin Mai
Sent: Mon Jul 13 03:23:50 2009
Subject: questions
Hello Quentin,
I have read the new file on sedar.com that Luxor has increased their number of shares to 9,861,705 or 16,89%. Do you know when the next annual/general meetings are? The reason why I ask you is that some major shareholders did replace the management in the past. At first the directors, thereafter the ceo and cfo as well (for example Noront Resources). May be Luxor has so many shares to control the management, too.
Do you know a time frame for the PeT 43-101? Next weeks?
Do not make more business with Chinese Companies A few months ago I thought that I will get 4$ cash per share in September. Now I will hopefully get 2$ per share cash in December. But a 100 Million $ deal is still better than no deal. I hope that all tests at PeT will be successfull and that Cardero can sell this project as well.
Is it still imaginable to sell PeT and PdP in a packet?
What about a listing at the Lima Stock Exchange?
Thanks for answering an have a nice day.
Greetings
Hier dazu die Antwort :
Hi ...
Hope you are having a nice summer.
At this point Luxor has made no indication they are unhappy with our management. The fund manager asked if we wanted his continued buying and we said ok. I think he realizes we have the technical resources and Peru contacts to manage the projects and does not intend to find them himself. Remember For PET Glenn Hoffman is the best asset. Remember if he kicks us out, then he has to find the buyer or development partner.
We should receive 43-101 in the next week or 10 days. Hope my schedule is correct this time.
We don't expect PeT to be sold with PdP.
I don't know the current status of the Lima listing. We were planning to do all the companies at the same time so maybe we are waiting for something on one company I need to check. I am back in the office Thursday and will ask
Have a nice day
Quentingemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Mit Eisenerzimporten in Höhe von 297,18 Millionen Tonnen im ers-
ten Halbjahr 2009 sind die Chinesen 29,3 Prozent über Vorjahr.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Jul 21, 2009 09:28 ET
Cardero Receives Initial Mineral Resource Estimate for Pampa El Toro Iron Sands Deposit, SW Peru
Indicated Resource of 241.8 million tonnes at 6.66% Fe2O3, 0.72% TiO2 & 172 ppm V
Inferred Resource of 629.9 million tonnes at 6.48% Fe2O3, 0.70% TiO2 and 166 ppm V
Mineralization remains open to depth and in all directions
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2009) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE Amex:CDY)(FRANKFURT:CR5) is pleased to announce that it has received an initial mineral resource estimate for the Pampa El Toro Iron Sands deposit in south-western Peru from SRK Consulting (South Africa) Inc. (SRK). Indicated and inferred resources have been defined over an approximate area of 1,595 hectares (approximately 13% of the total 12,200 hectare Pampa El Toro concession area, Figure 1: http://media3.marketwire.com/docs/cdu721.pdf), and only to a nominal depth of 30 metres from surface, as follows:
Although a 30-metre cut-off depth was selected by SRK - as a conceptual mining depth to provide a 30-year life-of-mine (LOM) - drill testing of dune sand has been undertaken up to 6 metres depth in certain drillholes and has returned similar grades.
"This initial resource estimate advances Cardero's Pampa El Toro project towards anticipated development as a large bulk-tonnage iron-titanium-vanadium operation," stated Henk van Alphen, Cardero's President and CEO. "These very positive results give Cardero the confidence to advance the project to the next stage, particularly given its low-cost operating potential and anticipated quick development time."
Previous bulk testing in a pilot plant scale magnetic concentrator clearly demonstrated that iron mineralization readily upgrades from the 'Run-Of-Mine' grades outlined above to produce commercial grade iron concentrates of 65.1% Fe (see NR08-28). Additionally, various melting/metallurgical studies since the project's inception in 2005 indicates the resultant iron concentrate can be further upgraded to produce premium quality (+90% iron) Pig Iron with potentially payable titanium & vanadium reporting to the slag (see NR08-29).
Future Work
The Company, in cooperation with the U. S. Department of Energy (DOE)'s National Energy Technology Lab (NETL) in Albany, Oregon, is undertaking a pilot-scale melt test of 'run-of mine' iron concentrate designed to further test pig iron production on a commercial scale. The tests are also producing slag material for ongoing by-product titanium and vanadium recovery tests underway at a different facility.
The Company will proceed with the advanced pyrometalurgical testing as outlined above as the results of this testing will add significant value in terms of potential high-quality pig-iron and titanium-vanadium co-products.
Resource Calculation and Assumptions
SRK generated a Mineral Resource Estimate based on the data supplied by the Company. The effective date of the Pampa El Toro Resource Estimate Technical Report is 17 July, 2009. No cut-off grade or capping has been applied to the resources due to the homogeneity of the grade. Resources were classified in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Mineral Reserves. The Resource Estimate was determined using 718 assay results (each representing 5 metre composite samples for the selected set of elements) from 112 drillholes. The data was analysed and found to represent a single population of all elements. There are strong correlations between the major economic elements (Fe2O3, TiO2, and V) that indicate a common genetic and depositional history. This indicates that these elements are most likely contained within the same, or strongly associated, minerals.
The surface topography contours were used to generate a wireframe representation of the topography. This surface was extrapolated vertically downwards by 30 metres, and used to constrain the depth extent of the Mineral Resource estimate. The 30 metre cut-off depth was selected as a conceptual mining depth to provide a 30-year life-of-mine (LOM). The dune sand has been analyzed to 60 metres below surface in certain drillholes and has been found to continue at similar grades, where such analysis was conducted. This mineralization does not form part of the current Resource Estimate and further analysis would have to be conducted to verify the existence of continuous mineralization.
SRK generated and modeled experimental semi-variograms that indicate long range continuity in the major elements, but that also indicate a long range trend element within the deposit in a north-south direction. Cross-validation tests conducted by SRK on the semi-variograms indicate that the modelled semi-variograms and the selected search neighbourhood parameters should provide robust estimates. The assay and drillhole database and resource estimate was validated by SRK and found to be appropriate for the estimation of mineral resources. SRK is not aware of any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues that would materially affect the mineral resources.
SRK created a block model with a block size equivalent to the nominal drillhole spacing of 250 metres horizontal (X and Y) directions, and 5 metres vertically. The block model was rotated to approximately match the dip of the topographic surface, which coincided with the plane of best continuity. In order to better model the volume and the topographic variations, the parent blocks were sub-divided into smaller blocks, with a minimum size in the X-Y plane of 6.25 metres by 6.25 metres. The blocks were created to exactly match the intersection of the wireframe with the block center. Only parent blocks were estimated.
The vertical (Z) continuity of mineralisation is significantly shorter than the lateral continuity, as would be expected from a deposit emplaced and reworked in thin sheets over time. The search ellipsoid employed by SRK takes this into account using anisotropic search scaling, with the result that samples from adjacent boreholes are given a higher weighting than samples from the same borehole that occur above or below the block being estimated. A minimum of four samples were required to estimate a block, and a maximum of 12 was used, to preserve some local variability in the grades.
The Company conducted the exploration program with a set of standard procedures, which aimed to monitor the quality of the sampling and assay results. The standard procedures include submission of Certified Reference Materials to monitor the accuracy of the analyses, as well as the analysis of field and laboratory pulp duplicate samples to benchmark the sampling/sample splitting errors as well as the precision and repeatability of the analyses. The quality control samples are checked before accepting the batch analytical results from the laboratory in order to control the quality of the data accepted in the exploration database. The quality control samples indicate that there was no bias introduced in the samples splitting process, as field duplicates and pulp duplicates from the laboratory show very similar characteristics. Analysis of the quality control sample results indicates that the analyses have been conducted to a high level of accuracy and precision, and are acceptable for use in Mineral Resource Estimation.
The Mineral Resources were classified on the basis of the confidence in the geological variation, the quality of the sampling and analytical results, drillhole spacing, and indicators of the quality of the estimation. The central portion of the deposit, which is drilled on approximately 250 metre centres and has high quality estimates, was classified as an Indicated Mineral Resource. The portion of the deposit surrounding this, drilled on approximately 500 metre centres and extending approximately 500 metres beyond the area drilled on 500 meter centres, is classified as an Inferred Mineral Resource. A portion of the deposit in the north that is estimated to sufficient quality and drilled on approximately 500 metre centres was excluded from the Mineral Resource at the request of the Company because of permitting uncertainties. Portions of the deposit that were estimated further than 500 metres from the 500 metre spaced drilling were also excluded from the Mineral Resources until further confirmatory work is completed to confirm the grades of the material.
A detailed description of the mineral resource estimate and other pertinent geological information related to the Pampa el Toro project will be included in a NI 43-101 compliant technical report being prepared for the Company by SRK which will be filed on SEDAR within 45 days of this news release.
Qualified Persons and Quality Control/Quality Assurance
Mr. Mark Wanless, P. Geo, of SRK Consulting (South Africa) Inc., and a qualified person as defined by National Instrument 43-101, is responsible for all aspects of the mineral resource estimate for Pampa el Toro as outlined in this news release. Mr. Wanless is a resource geologist with over 13 years of experience, including considerable experience in mineral resource estimations, who has worked with clients to advance their projects from exploration through to basic engineering. Both Mr. Wanless and SRK are independent of the Company under 43-101.
EurGeol Mr. Keith J. Henderson, Cardero's Vice President-Exploration and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release other than with respect to the mineral resource estimate. Mr. Henderson is responsible for all on-site aspects of the work, including the quality control/quality assurance program. Mr. Henderson is not independent of the Company as he is an officer and shareholder.
On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS Chemex in Lima, Peru, for sample preparation, and subsequently shipped to ALS Chemex in Vancouver, B.C. for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Analytical accuracy and precision are monitored by Cardero's Senior Geochemist, Tansy O'Connor-Parsons, through the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by Company personnel in order to independently assess analytical accuracy. Finally, representative blind duplicate samples are routinely forwarded to ACME and an ISO compliant third party laboratory for additional quality control.
About Cardero Resource Corp.
Cardero's focus through the coming months is be to realise the considerable value it believes is locked in the Company's significant iron ore assets in the Marcona District of southern Peru in addition to advancing exploration of its gold and copper projects in Argentina and Mexico. The common shares of the Company are currently listed on the Toronto Stock Exchange (symbol CDU), the NYSE Amex (symbol CDY) and the Frankfurt Stock Exchange (symbol CR5).
For further details on the Company readers are referred to the Company's web site (www.cardero.com), Canadian regulatory filings on SEDAR at www.sedar.com and United States regulatory filings on EDGAR at www.sec.gov.
On Behalf of the Board of Directors of CARDERO RESOURCE CORP.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration and testing programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for the expansion of the estimated mineral resources at Pampa el Toro, the potential for further upgrading of the concentrate from Pampa el Toro, the potential for the commercial production of pig iron from Pampa el Toro concentrate, the potential for the commercial recovery of titanium and vanadium from the slag resulting from the processing of Pampa el Toro concentrate to make pig iron, the timing of any development at Pampa el Toro, business and financing plans and business trends, are forward-looking statements.
Information concerning mineral resource estimates also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, adverse changes in the world prices for iron, titanium and/or vanadium, the Company's inability to enter into appropriate off-take agreements for the potential products from any operation at Pampa el Toro, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, potential difficulties in adapting pilot scale operations and testing to commercial scale operations, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
Cautionary Note Regarding References to Resources and Reserves
National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all reserve and resource estimates contained in or incorporated by reference in this press release have been prepared in accordance with NI 43 101 and the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resource and Mineral Reserves, adopted by the CIM Council on November 14, 2004 (the "CIM Standards") as they may be amended from time to time by the CIM.
United States shareholders are cautioned that the requirements and terminology of NI 43-101 and the CIM Standards differ significantly from the requirements and terminology of the SEC set forth Industry Guide 7. Accordingly, the Company's disclosures regarding mineralization may not be comparable to similar information disclosed by companies subject to the SEC's Industry Guide 7. Without limiting the foregoing, while the terms "mineral resources", "inferred mineral resources" and "indicated mineral resources" are recognized and required by NI 43-101 and the CIM Standards, they are not recognized by the SEC and are not permitted to be used in documents filed with the SEC by companies subject to Industry Guide 7. Mineral resources which are not mineral reserves do not have demonstrated economic viability, and United States shareholders are cautioned not to assume that all or any part of a mineral resource will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher resource category. In addition, the NI 43-101 and CIM Standards definition of a "reserve" differs from the definition adopted by the SEC in Industry Guide 7. In the United States, a mineral reserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made.
This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.
NR09-09
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Gerade erst der Anfang.Das gelände ist riesig!!!!!!!!!
a large bulk-tonnage iron-titanium-vanadiumgemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Wirtschaftslichkeitsberechnung von darcongemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
...presented only for discussion purposes. Do your own DD.
Assume Indicated and Inferred equals Proven and Probable tonnage of +/- 871 M mts. mt.
871 M mts at 6.5 percent iron equals 56.6 M mts of pure iron. Assumingthe iron is worth 80 dollars per ton, gross value insitu is about$4,500,000,000. Assume here that the value for sale is around 5 percent of the insitu value, then it's worth about 226 million dollars.
Using 70 million shares, that's about $3.23 per share. However, thestudy only covers about 13 percent of the project surface area, andonly to a depth of 30 metres. Some of the dunes are several hundredmetres tall. Continuity in the test area has been shown to double thetested depth, suggesting another $3.23 per share in value. Call it 6dollars per share.
For arguments sake, let's say this 6 dollars per share represents 20percent of all that can be mined over the entire project area. If so,then the project may be worth 5 times that, or 30 dollars per share.Let's cut that in half, suggesting that the insitu value for sale isonly about 2.5 percent of the value in the ground. We are still takingabout 15 dollars per share, and without credits for titanium, vanadium,or other assets of the company.
I'm thinking that 12-15 dollars per share was in Luxor's mind when they paid up to US $3.50 per share last year.
Note: World Class gold deposits can sell for 10-15 percent of the valueof ounces in the ground. However, the iron sands represents a differentanimal in terms of the amounts of material to be moved. That is, moreunits in production yield lower unit values. So, I am guesstimatinghere that 2.5 to 5 percent is warranted. It could be more or less.
For those who accuse me of being a blind cheerleader pumper, I am justplaying with numbers here. I'm not selling then. However, I don't thinkanyone can argue that 15 dollars per share is outside the upper limitof potential value at this point.
What's the low end? You call it.
Note also that these numbers relate to a sale of the project, not whatretail shareholders may bid for the stock before an offer is received.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
July 23, cheap shares not for long...
A. 27 days OR LESS to remaining $ 88m in the Bank for SOLD PDP . $ 1.8 /sh cash in pocket. (1)
.
B. 27 days to finish PET melt test,= Aug 20, RUNNING ALREADY .Take a week to write report = Aug 30 ? (2)
.
C. 44 days or less (Sept.4 ) to PET NI 43-101 compliant technical report
Mineralization remains open to depth and in all directions. (3)
.
D. 60 days or more POSSIBLE SALE /JV of PET ( if as fast after 41-101 as PDP)
The Company is currently in preliminary discussions with several major iron and steel groups
with respect to the Iron Sands project.Although there can be no assurance that such discussions will lead to an agreement for the sale or joint venture of the project - ...YOU KNOW WHAT HAPPENED WITH PDP?
...sold within weeks after 41-101 report.
According to CEO "Low CAPEX, low OPEX and a quick time to market of PET make the economics of the project highly attractive" .
DESPITE 6.5% initial grade, concentrated in tests to +65% which goes around $ 100/t lately.
.
WITHIN NEXT 2 MONTHS POSSIBLE $ 150-200m SALES ($ 3- 3.5/sh CASH)
or $ 100m cash and PET JV with a major (equity stake ? and all associated buzz)
.
E. 44 days or less to 41-101 (working on it now ) report for Longnose, Mi
.46% FeTiO3 , 36-45 mt -"the largest known illmenite resource in North America "(4)
.
F. 1-2 months to results of exploration in Baja Iron Oxide Copper Gold (IOCG )Mexxico.
ONGOING NOW ...test bulk tonnage copper targets at the San Fernando, San Jose and Santa Maria prospects.
.
G. 2-3 months - exploration of epithermal mineralization; and drilling the potential for large Bajo de la Alumbrera or El Salvador-style porphyry deposits at depth at Organullo Bulk Tonnage Gold Prospect - Argentina (6)
.
================
Notes:
(1) Hongda has agreed to provide, within 90 days,(till Aug19) an irrevocable letter of guarantee from a senior Chinese bank guaranteeing the payment of the balance of the purchase price.
(2) The full-scale melt test of pig iron production on a commercial scale is scheduled to commence in early July and will take approximately 4 to 6 weeks to complete.
A critical component of the feasibility work, the melting and slag recovery tests will demonstrate steady state smelting operation and provide samples for examination by end-users.
It will produce a significant quantity of pig iron product.(96-98% iron,2-4% carbon and less than 0.05% deleterious elements),
The research lab of Colorado School of Mines (“CSM”) will also do optimization studies for vanadium and titanium recovery for the commercial plant flow sheet.
(3) PET NI 43-101 compliant technical report being prepared for the Company by SRK
which will be filed on SEDAR within 45 days of this news release (July 21)
(4) The 2009 program will include re-sampling, re-analysis and an independent 43-101 resource calculation,
which will be completed by SRK Consulting
.
( 5) at Baja they successfully intersected locally productive and large pervasive IOCG systems at the Picale
and San Fernando prospects. ( top being : 6.5 metres @ 4% copper and 0.4 g/t gold )
.
(6) Next to historical Julio Verne mine which had 10-20 g/t gold, 8.2% copper and 12.5% bismuth
Potential remains open at depth below the Julio Verne workings, along strike of known mineralization
and along postulated parallel structures that remain untested.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
We are not doing a PFS on PeT anymore. Too costly and does not facilitate our development at this time.
While we are doing the melting test we determine whether we sell PeT or JV to production.
The next step is the bank guarantee from NZJ due middle of August. That would guarantee the amount they would pay to complete the purchase of PdP. NJZ can not cancel and also they can not renegotiate again if we have a bank guarantee because it then becomes the responsibility of the bank to get the money and not Cardero.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Ich hab mal die Berechnungen zum Sand die ich letzten Jahres angestellt hatte für 200.000mt Pig Iron jetzt mit 1 Million Tonnen Pig Iron durchgeführt, um einen Eindruck über die potentielle Wirtschaftlichkeit zu bekommen.
Auch in diesem Fall ist dies eine theoretische Übung, die nicht zuletzt mit der technischen Machbarkeit steht und fällt.
Grundlage waren wieder die folgenden beiden Charts von Cardero. Ich habe lediglich die 200.000mt Pig Iron auf 1 Million erhöht, und die ursprünglichen Kosten für Mine und Werk von 125 auf 380 Million Dollar hochgesetzt. Die von mir damals sehr hoch angenommenen Förderungskosten von $40,- pro Tonne (Cardero $20,-) habe ich auf $30,- abgesenkt.
Bei einer Produktion von 1 Million mt (metric tone) Pig Iron per annum, welche zu 300,- Dollar/mt verkauft werden, ergibt dies ein Verkaufserlös von 300 mil,- Dollar/pa
Vorausgesetzt, das in der Schlacke enthaltene Titan und Vanadium, lässt sich ebenfalls gewinnen, kommt bei einem Pig Iron und Schlacke Ratio von 0,5 folgendes hinzu..
1mil t Pig Iron x 0,5 = 500.000mt Schlacke
1. 500.00 mt Schlacke mit einem 2% Anteil Vanadium ergibt 10.000mt Vanadiumoxid (V2O5). Bei einer Discountrate von 50% und einem Marktpreis von 7,50 Dollar/Pfund erechnet sich ein Erlös
10.000mt x 1000kg x 2,2 lbs x 0,5 x 7,5 Dollar/lbs = 82.500.000,- Dollar/pa
2. 500.000mt Schlacke mit einem Anteil 18% Anteil Titan ergibt 90.000mt Titandioxid (TiO2). Bei einer Discountrate von 30% und einem Marktpreis von 1 Dollar/Pfund erechnet sich ein Erlös
90.000mt x 1000kg x 2,2 lbs x 0,3 x 1,1 Dollar/lbs = 59.400.000,- Dollar/pa
Der Gesamtumsatz beträgt demnach 441.900.000,- Dollar pro Jahr
Abzüglich der Betriebskosten..
1. Hot Metal 187,- Dollar/mt x 1.000.000 mt = 187.000.000,- Dollar/pa
Ergibt dies ein Gewinn vor Steuern in Höhe von 229.900.000 Dollar/pa
Abzüglich jeglicher Steuern, welche mit 30% vom Rohgewinn angesetzt werden, ergibt dies ein Erlös nach Steuern..
229.900.000.000,- x 70% = 160.930.000,- Dollar/pa
Im Verhältnis zu den 380.000.000 für die Minen-und Werksinfrastruktur errechnet sich ein IRR (Internal Rate of Return) oder Zinsertrag auf die Investitionskosten von 42,35%. Die Amortisationszeit würde damit gerade einmal 2,3 Jahre betragen.
Bei 160.930.000,- Dollar Reingewinn im Jahr und einem künftigem KGV von 10, wäre das Ergebnis 4,88 Dollar pro Aktie oder 3,43 Euro pro Anteilsschein. (Eine Dilution ist hier aber nicht berücksichtigt worden)
Geht man die selbe Methode unter ungünstigeren Bedingungen an, und lässt die Slag Recovery aussen vor, stellt sich daß Szenario wie folgt dar:
Verkaufserlös für Pig Iron 300.000.000,- Dollar/pa.
Abzüglich der operativen Kosten für das Hot Metal 187.000.000- Dollar/pa, ergibt dies ein Gewinn vor Steuern in Höhe von 113.000.000,- Dollar pro Jahr.
Nach 30% Steuern, bleibt ein Reingewinn in Höhe 79 Million Dollar, bei einem Zinsertrag von 20,8% und einer Amortisationszeit von 4,8 Jahren.
Ein weiteres Szenario, wäre statt des Pig Iron, anfänglich nur das Magnetit zu verkaufen.
Nimmt man die möglichen 1 Million Tonnen Pig Iron im Jahr als Ausgangswert wären das 1,5 Million Tonnen Magnetit. Bei einem Verkaufspreis von 70,- Dollar die Tonne und sehr hoch angesetzten Förderungskosten von 30,- Dollar pro Tonne bleibt ein Rohgewinn von 60 Millionen Dollar.
Um der Rechnung ein noch stabileres Fundament zu geben, nehmen wir mal an, das sich statt der 380 Million für Mine und Werk, mit 90 Millionen die Förderungsmenge von 1.500.000mt Magnetit erreichen lässt.
Die IRR läge bei 46,7% und die Kosten hätten sich schon nach 2,1 Jahren wieder amortisiert. Bei einem 10er KGV wäre dies ein Aktienpreis von 6,2 Dollar/ 4,3 Euro.
Bei einer 30 jährigen Produktion von Pig Iron zusammen mit den Erlösen für das TiO2 und V2O5 ergibt dies ein NPV von 4,4 Milliarden ohne Abschlag.
Ohne dem Titandioxid und Vanadiumpentoxid ist der NPV 2,3 Milliarden, und beim Magnetit immer noch 1,26 Milliarden ohne Abschlag.
Cardero hat damals einen Discount von 12,6% genommen. Wenn wir selbst unter den heutigen projekttechnisch besseren Umständen dennoch nur 8% nehmen also ein ganzes Drittel weniger, sind die jeweiligen NPVs 352 Million, 184 und 100 Millionen.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Zuletzt bearbeitet von dukezero am 23.07.2009, 21:33, insgesamt einmal bearbeitet
Published: July 23 2009 03:00 | Last updated: July 23 2009 03:00
Spot iron ore prices are fast approaching $100 a tonne, well above the levels at which miners and steelmakers in Japan, South Korea and Europe have struck supply deals, as demand outside China recovers.
The surge in spot prices has spurred several banks to forecast that benchmark - annually negotiated - prices will rise next year, reversing their previous expectations of a fall in prices. "The market is going up, up and up," said one London-based iron ore broker.
Spot ore prices in China rose this week to $93 a tonne - including freight - and industry observers said the market could hit a year high above $100 a tonne in the near term. The surge is a remarkable rebound from April's low of $58 a tonne.
Christopher LaFemina, mining analyst with Barclays Capital in London, forecast a 5 per cent increase in 2010-11, to be followed by another 10 per cent rise the following year.
David Butler, of Cazenove in London, said that a rise of 20 per cent next year was "increasingly a realistic outcome".
The recovery in demand outside China is allowing miners Vale of Brazil, Rio Tinto and BHP Billiton to ship more ore elsewhere and reduce supplies to the Chinese spot market.
Spot prices for iron ore in China are rising as a result. China's iron ore demand remains strong, with its steelmakers in June producing 49.42m tonnes of steel - an all-time monthly high.
BHP Billiton said yesterday that while China had almost completed a build-up in metals and minerals such as iron ore, "restocking" was evident in the US, Europe and Japan. The miner said its ore output fell 10 per cent for the three months ending June.
Malcolm Southwood, of Goldman Sachs JBWere in Sydney, said there was "scope for further strength in spot iron ore prices over the next six to 12 months" because of continued strength in Chinese steel output and "a recent improvement in demand for contract deliveries from non-Chinese steel mills".
The current spot price is almost 15 per cent above the level at which annual benchmark deals have been struck between global miners and big steelmakers outside China. Those agreements cut benchmark prices for the 2009-10 year by about 33 per cent from the 2008-09 level.
Chinese steelmakers and miners remain deadlocked about a benchmark deal for 2009-10.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
The Northern Miner, 7/23/2009
Cardero eyes potential of Peruvian iron sands
Vancouver - Cardero Resources (CDU-T, CDY-X) has taken a big step forward at the Pampa El Toro iron sands project in Peru with completion of the project's first resource estimate.
Cardero pegs Pampa El Toro's indicated resource at 241.8 million tonnes grading 6.66% Fe2O3, 0.72% TiO2 and 0.0172% vanadium. The inferred resource stands at 629.9 million tonnes grading 6.48% Fe2O3, 0.7% TiO2 and 0.0166% vanadium.
Cardero is calling it an initial resource estimate as there appears to be substantial potential to expand the resource at depth and in all directions. The resource estimate encompasses about 13% of the 12,200 ha. concession and only goes to a depth of about 30 metres.
But Cardero reports similar grades beyond the resource area and to a depth of 60 metres. Cardero's consultant on the resource estimate, SRK, chose the 30 metre depth as a conceptual mining depth for a 30 year life of mine.
The resource estimate, Cardero says, advances Pampa El Toro closer to potential development as a large bulk tonnage operation. The property is 45-km away from the port of San Juan.
On site bulk testing program using magnetic separation has shown that the iron sands can be concentrated to commercial grades in the 65.1% iron range, reports Cardero. Furthermore, the company says, metallurgical studies, which are ongoing, show that iron can be concentrated to more than 90% iron, or premium quality pig iron.
The latter concentration process will potentially produce payable titanium and vanadium credits in slag, Cardero says.
Currently Cardero reports it is testing the potential of commercially producing pig iron through the U.S. Department of Energy's National Energy Technology Lab in Albany, Oregon.
Cardero's share price gained 4¢ on news of the resource estimate to close at $1.13. The company has about 58.5 million shares outstanding.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Nette, informative progn. Kalkulation über das Potenzial von PeT, vgl. PdP & "peer group"-Projekten Cardero hat demnach eine weitere lukrative und reale Chance, neben dem Fokus auf Eisenerz, eine weltklasse Titaniumresource in der PeT property zu erkunden und ferner zu entwickeln..
weitere interessante Randnotiz: "PeT could be the only "TiFe steel mills" project in south and north america.." (SAIS-Präsentation, Juni 2009)
thx an geee & sheavy @stockhouse.com für das beispiellose Engangement in der Aufarbeitung fundamentaler Fakten und interessanten Spekulationen über die Zukunft von Cardero!
Note: 6.5% PET grade was known for long time ,this PR was about PET SIZE.
My LONG ramblings about 6.5% grade at the bottom of post.
======================
.
A. First ; Cash prices for 63 percent iron ore, based on higher grade Indian fines,
climbed above $90 a ton last week geeeesus.
GS said $ 84 for next 12 months for 62% geeee http://www.bloomberg.com/apps/news?....hive&sid=aW14MTcwJYzc
.At that price PDP 8% discounted profit margin is 25%.incl financing cost,
and 8% discount NPV about $ 3 B.
Shouldn't CDU this time around do the same to Hongda, Hongda did to CDU and say:
"due to improved market conditions we refuse to sell it for $ 100m
and to ask now $150 m for PDP "?
To save everybody's face lets say, $ 150m for both :PDP and PET.
. B. COMPARE PDP TO PET
.
1. PDP resource is:
---1.4 bt ore possible x 40% Fe = 560mt Fe metal .
---$ 84 /t for 62% Fe ore = $ 135 Fe 100% metal ,Say $ 130 /t Fe metal
--PDP 560 mt Fe metal x $ 130 = $ 72 b
-- 0.1% Cu in the ore= 1.4 mt Cu metal= 3 b lb Cu metal x $2/lb = $ 6 b
-- 0.07 g Au/t = 98 t Au metal = 3.1 M oz = $ 3 B
TOTAL PDP = $81 b in ground.at today's prices.
.
2. PET resource is ( check my math, especially Ti02 calculation,please)
.
i+ i = 870mt ore in 13% of area drilled and estimated to just 30m depth.
Given consistent , even distribution of Fe in the whole area = 6.7 bt
Add 6.3 bt if exploited 60m deep (some drills to 60m confirmed more of the same and likely still open at depth)
No one will just "scratch the surface " to 30 m.Some dunes are 70m high= no pit needed
Just start eating it at the base.
TOTAL POSSIBLE 13 bt. ore ( I treat PDP same way = possible 1.4 bt)
. 6.5% grade = 845 mt Fe metal x $ 130/t = $ 110 B= 140% more than PDP .
0.7% Ti02 x 13 bt = 91mt of Ti02 x $2000 /t = 182 b $. http://www.icis.com/v2/chemicals/90....nium-dioxide/pricing.html
SURPRISE : PET IS MORE Ti02 DEPOSIT THAN Fe deposit at today's prices.? geeeeee
I guess, Hongda or CDU is calling that biggest Ti02 user in China located in the same Zibo city.
I skip the $ 20 m of V here. and option to produce Ti metal.
.
TOTAL PET VALUE IN GROUND at today's prices = $ 190 b
2.3 times THE PDP. geeesus
.
PET+ PDP = $ 270 B. geeesuss.
TOTAL MARCONA DISTRICT http://www.stockhouse.com/Bullboard....;r=0&s=CDU&t=LIST
$ 400 B- that's the number Chinese are looking at...and believe me ... are salivating like a puppy.
.
They can have it all for louzy $ 150 m = for 0.06% of PET + PDP metals in ground.
$ 150 m = $ 2.3 CDU sh.
.
NAK has $100B in ground (NAK's 1/2 stake ) and has cap of $ 800m vs CDU $70 m geeeesus,
10 times more for 3 times less ( though more advanced stage)
.
But PET will be much less / if economical due to 6.5% grade.
Though Ti02 shall be a HUGE CREDIT, rising equivalent grade to what ?? 15- 18% ??
.
How much less, no one knows.Only FS can answer that.
Just a shot in dark - I would buy that 2 x more worth of metal than PDP has, for 1/2 PDP price= $ 50 m
===================
.
C. The 6.5% Fe grade
.
1. Bottom line : I guess, they are smart enough ( few PhD's on team).....
...if they would not think, they have an economic resource, they would give up PET
years ago - after couple of drill holes....( as they did many times with many other properties)
...and focused their activity on PET or Baja or whatever instead.
.
2. Ti02 in the ore is worth 70% more than Fe ,so the economics are 2-3 times better than looking at Fe alone. check my math.
.
3. 6.5% grade will certainly rise the cost in comparison to average magnetite grades
elsewhere ( like PDP or PROFITABLE Marcona) of 23%- 41%
But those are PURE SAND DUNES = lower cost = no blasting , easy milling,
not much of a pit (30- 60 m ) ,no pre-stripping cost , no heavy wear of equipment
like in hard rock ,no envinron problems, no separation of waste and good ore ect.
The Fe is evenly distributed everywhere, across whole pile of sand.
.
The trick seems, is to devise a process, including metallurgy ,
that offsets the higher cost of moving more low grade sand around.
Eg. a 70 m tall dune doesn't require a pit at all- just start eating it at the base
The 13 b ton questions are :
.
(i) . Does concentration cost of 6.5% SURFACE sand = cost of mining and concentration
of underground ,41%, harder , not homogeneous rock.?
It can be only answered by trial= bulk pilot plant ... and that's exactly what CDU is doing.
.
(ii). What level of ore price makes ANY deposit economical,
Eg PDP is very profitable at $ 26.t FOB ,but PET can do OK at $ 52 .t cost too.
3/4 Chinese miners have higher than $ 70 cost so, everything below is a beauty for them
,
(iii) . The initial capex has to be repaid ( China will accept everything above 15%,
maybe even 10% IRR)
They were eager to buy RTP at 25 P/E = 4% return.
Lower PET capex vs PDP, (when repayment added to cost during first years)
also closes the gap in ore grade.
It is complicated, many moving parts , that's why there are FS'.
.
4. CDU business in Peru is selling assets for whatever price ,
as long as it is a 10- 20 multiplication of their cost .... geeeeeesus
so , we shouldn't be preoccupied too much with not our problem of future economics .
Chinese have many different agendas, angles,perspectives to ore supply problem.
Pure math, based on ever changing assumptions is just one of them.
And the pure math suggest, PET economics may be only 20- 30% worse than PDP.
Offset by 2.3 times more goodies in ground.
.
In any case, PET ( despite first bad impression of low grade) can only add value to CDU ( like 50 - 80 m to that 90 m CAD in bank within weeks ).
.
5. DISTRICT ECONOMICS
PET ( pending FS) can be profitable as stand alone( at say ore over $90 /t)
and certainly will be when combined with PDP
Eg. China ,by owning both , PDP and PET they can MIX their ore up to the point of break even cost
In times of higher prices-- more 6.5 % sand,-- in times of lower prices - less.
It cost little to send few trucks up to the dunes and load some sand.
.
Every miner who can do that, does that.
In times of higher prices they switch to lower grades, preserving higher grades for bad times. ( then they cry about high cost, to justify high prices LOL ).
THEIR MAIN CONCERN IS TO PROLONG LOM ( dig out all that 13 b t at steady profits )
and maintain STEADY long term profits, vs making killing in 1 y and die next.
Mining is 20- 50 years per deposit affair. A Marathon, not based on 1 Y circumstances.
Totally opposite to daytrading.
.
6.The total cost with transport
In average mine , mining cost is just 1/2 the total FOB cost.
EG. TEC digs coal for $ 38/t and pays rail $38/t + loading on ship $ 6/ t.
PET can afford higher mining cost and still have lower total cost - conveyor belt to ship
.
THE BOTTOM LINE: PET "AS IS" TODAY JUST ADDED 50-80 m
VALUE TO CDU
ANOTHER $ 1 per share.
GEEEESUS.
.
How PET compares to other Iron sand projects
A. SAIS has 4 licenses- on 2 there is ore grade info in their presentation.
.
1. Fierroinca Project Ecuador few scattered deposits total 750 mt
No breakdown for individual metals head grade.
Just total VHM grade ( very heavy metals ,mostly Fe +Ti ) of 8.5-10%
Looks, they can concentrate it to 49.5% -50.5% Fe and 26.5% Ti http://www.saironsteel.com/projects....ct/metallurgyanalysis.cfm
.
PET has 870 mt resource on 13% of area = 6.7BT potential to just 30 m deep.
10 times Fierronica.
PET 6.5% Fe and 0,7%Ti .With V and other (discarded ) metals can have 7.3% VHM ? Right ?
But saleable concentrate is 65.5% Fe ( 50% higher price ) and likely 7% Ti
In my previous PET Ti est I must have made some mistakes- there was way to much Ti.
.
For Chile projects SAIS quotes same 9-10% VHM but the tables for
each project show:
2. Santa Claras grade from 6.18% (just 12% of deposit) to 3.35% . Average 3.75% Fe and 0.1% Ti
3.Potu - 0.6%Fe and 0.1% Ti ....geeeeeeee PET is a gold mine in comparison.
HOW TH , THEY TRANSLATED 3.75 %- to 0.6% head grade into 9-10% VHM ?
Means, Ferronica can have head grade like 3% ?
.
Anyway, PET looks quite GOOD in above comparisons.
.
B. BlueScope Steel produces in New Zeland for 30y from Iron Sands
.
What was the price for iron ore 25 y ago ? .....$ 10? AND IRON SANDS WERE APPARENTLY PROFITABLE ? geee
What will be the price for iron ore 25 y from now ( PET in full production) ?
$ 1000.t ? Or more in devalued USD??
.
They have 2 mines
The Tahaora Mine 300m t resource (20 TIMES LESS THAN PET geeesues )
. 1.2 mt concentrate prod now ( AGAIN 13 TIMES LESS THAN LIKELY PET PROD geeesus )
, was sold to guess who ?
A Chinese for $ 250m.
.
Unfortunately, NZ gov didn't allow that deal - Do you appreciate not protectionst, Free Trade Peru now ??
That means, some Chinese cos. are LOOKING SPECIFICALLY FOR IRON SANDS
Though that particular prospective buyer may not afford / need such GIGANTIC SIZE AS PET
+ PET is just deposit- not mine.
.
How $ 100m for PET DEPOSIT compares to $ 250 m for small mine (10x less prod) ,
20x smaller resource ?
You tell me .
1/10 of PET = $ 10m , vs $ 250m working mine, on comparable 1/10 deposit and prod. ?
.
Taharoa Iron Sands Business reported revenue of approximately NZ$53m and EBITDA of approximately NZ$16.7m.
CHINESE PAID 25 times EPS and 7 times rev. 1 USD = 1.52 NZD .
So, rough PET value when in production ( say like PDP 16 mt) according to Tahaora deal
= 13 x Tahaora's = $ 3.25 B geeeesus.
,
The sand process (=cost) couldn't be simpler.
Suck in by vaccum, sand/water slurry, concentrate it and send concentrated slurry by pipeline to the ship parking offshore ( no port needed)
.http://www.nzsteel.co.nz/go/about-new-zealand-steel/operations/taharoa-mine-site
.
C. IRON SANDS GETTING INCREASED INTEREST LATELY
.
-RTP accumulating 1270 km 2 of iron sands leases
--FMG applied for 3800 km 2 onshore and 9000 km 2 offshore leases
--Corizon just started export to China of 30kt /month ( small operation) of iron sands concentrate
--Mineral Resources - 4 rigs drilling
--Indo Mines - same stage as CDU - smelting trials completed ,resource defined, pilot plant
--Sino Stell -staking 9400km 2
-- Amex Resources application for leases
--Mill Resources early exploration
--South Amer Iron Sands resource defined , metal test on Equador property,but screwed by Gov Mining Memirandum Again, do you appreciate Peru now, doing everything to help to start the PDP / PET district ?
THE IRON SANDS SOON WILL BE MAIN STREET - NOT A NEW APPROACH.
AND CDU HAS AN EARLY ENTRY ADVANTAGE/ EXPERIENCE / EXPERTIZE.
GEEEEESUS
.
This post is about PET.
$ 100m PDP sale - look at back posts.
.
warum ist luxor mit so ner menge shares in cardero...
m.e. kann es eigentlich pdp nicht sein
pet ist auch "zu klein" ... ist es moeglich dassis titan ist ?
---
Darüber grüble ich auch ein bißchen.
Cardero is currently finalizing 2009 field work plans and engineering studies in order to advance its Longnose Iron - Titanium deposit in Minnesota, USA. Previous work by BHP Minerals, a precursor to BHP Billiton (the world's largest mining conglomerate), estimated 27.57 million tonnes at 21.3% titanium dioxide (TiO2) that they classified as a probable reserve. A global resource was estimated at approximately 45.36 million tonnes which remains open. During this period BHP stated that Longnose is "the largest known resource (of over 46% FeTiO3 ilmenite) in North America with over 27 million tonnes identified".
Knapp 6 Mio t Titandioxid. Ist es daß? Ich weiß nicht...
The 2009 program will include re-sampling, re-analysis and an independent 43-101 resource calculation, which will be completed by SRK Consulting (Canada) Inc. In parallel with this work, planned metallurgical work will build on work previously completed by Pickands-Mather, Hazen Research and the Natural Resources Research Institute (NRRI). Results are anticipated in the third quarter of 2009.
Sollte also demnächst die SRK bestimmte Resource Nr. 3 ins Haus stehen, wenn Q Recht behält:
]Otherwise, everything else is underway.
[iHeutige Mail von Q bezgl. des melt tests. Everything else - sind die in der News vom 17.6. angekündigten Aktivitäten auf den anderen Projekten Cool [/i]
Auch hier wird sich die Dicke so langsam aber sicher von etlichen Explorern absetzen. Wink
Bezüglich Luxor hab ich noch keine konkrete Meinung.
Titanium,Ilmenit und Titandioxid könnten m.E. aber sicherlich zu Kursbeschleunigern für uns werden. Mein Favorit bleibt jedoch PET, auch hinsichtlich des o.g. "Beiproduktes". Für mich, falls in Kürze kein JV entsteht, sehen wir noch eine Steigerung.
Cardero is calling it an initial resource estimate as there appears to be substantial potential to expand the resource at depth and in all directions
Mein Fazit daher : Auch wenn man immer noch nichts Konkretes sagen kann, sind insgesamt doch mittlerweile reichlich viele Facetten im Spiel. Dies wird nicht unser Nachteil sein. Illexgemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
MINISTERIO DE ENERGÍA Y MINAS DEL PERÚ
SUBSECTOR MINERÍA
Documento elaborado por la Dirección de Promoción Minera
23 de julio de 2009
21 Nanjinzhao Group Co. Ltd., Zibo (China) Pampa de Pongo/ Arequipa Hierro 2012 Por definirgemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Hongda has agreed to provide, within 90 days, an irrevocable letter
of guarantee from a senior Chinese bank guaranteeing the payment of the
balance of the purchase price.
Ein Geschaeftsfreund von mir mit Erfahrung in China meinte zu mir, dass er es sich nicht vorstellen koennte, dass eine Bankgarantie in dieser Hoehe von 88 Mio USD ohne die Genehmigung der chinesischen Zentralregierung vergeben wird.
Ich bin mir da etwas unsicher, da es zum 1. August 09 ja einige Aenderungen in der Abwicklung von Auslandsinvestitionen gibt:
"... The State Administration of Foreign Exchange said it will
expand the sources of capital Chinese companies can use to
finance outbound investment and will permit funds to be
transferred overseas without prior approval, according to two
statements on the regulator’s Web site today. The new
regulations will take effect from Aug. 1. ..."
Es waere doch sehr angenehm, wenn ausnahmsweise einmal die Zahlung unverhofft frueher kommen koennte - in diesem Fall nach dem vereinbarten Ablauf von 10 Tagen nach Genehmigung. Gut, warten wir es ab und drücken wir dem CDU-MM und uns Sharholdern die Daumen.
Sollte Nan (Hongda) dennoch noch einmal nachverhandeln wollen, dann muesste man wohl mal wieder mit einer neuen 45tägigen Vorkaufsoption rechnen. Davon gehe ich aber derzeit nicht aus.
copy boersenbrieflemminggemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Die Preise für die das Titandioxid liegen bei ca. 2.300 $/t. Unterhalten kann man sich über die Kosten es aus der Schlacke zu extraieren. Glenn Hoffman hält dies wohl für möglich und hatte damals 50,- $/mt angenommen
Die entscheidende Frage wird sein ob man dass TiO2 auch in der chemisch reinen Form extrahieren kann. Da habe ich so meine Zweifel. Es ist ein sehr aufwendiger Prozess und ob man das mit Laugung hinbekommt ist sehr fraglich. Viel mehr gehe ich davon aus, dass die im unteren Link angegebenen Aufarbeitungsverfahren im Anschluss angewendet werden müssen um das hochreine TiO2 zu erhalten. Ich denke da an das Sulfatverfahren. Vielleicht kann ja auch der ein oder andere Aufarbeitungsschritt entfallen.
Wollen wir da nicht weiter draufrumreiten. Erstmal müssen sie es ja aus der Schlacke reuskriegen. Ob es dann nicht weiter aufgearbeitet werden muss sollte Cardero dann mitteilen.
Die Abtrennung des Eisensulfats vom Titansulfat erfolgt durch Kristallisation. Aufgrund seiner besseren Wasserlöslichkeit kristallisiert das Eisensulfat zu grünem Eisen(II)-sulfat aus, so dass es abgetrennt werden kann. Durch das Kochen in großen Kesseln mit Wasser zerfällt das Titansulfat relativ leicht wieder in Titanoxidhydrat, welches nach einem aufwendigen Waschprozess in einem großen, drehbaren Rohrofen bei 800 bis 1000° Celsius zu reinweißem Titandioxid geglüht wird.
Zur Verbesserung der optischen und physikalischen Eigenschaften werden die feinen Pigmentteilchen mit verschiedenen Substanzen und Verfahren nachbehandelt (z.B. erneutes Waschen, Mahlen oder Aufdampfen einer Schicht auf die Pigmentteilchen).
von Meislogemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
A. Who really owns Hongda.
.
-- Shandong Mining Co., Ltd. Jinding South Jinzhao Holdings Limited (30% stake)
-- Shandong Province, Jinling Iron (40% of the shares),
-- Ministry of Metallurgical Industry of Shandong Province, a team of Geological Exploration Bureau (30% ) http://www.stockhouse.com/Bullboard....;r=0&s=CDU&t=LIST
.
* Controlling stake in Shandong Mining Co., a $ 2b cap public co.
has Jinling Iron ,owned by Shandong Province
So, Jinling Iron controls 55% of Nan-Jinzhao Group
That's why Zhang Xiangjun from Jinling Iron is also chairman of Nan-Jinzhao.
* In addition ,another provincial institution, Ministry of Metallurgical Industry owns 30%
Means the province controls 85% of Nan-Jinzhao .
So, CDU deals practically with Shandong Province.
'
Shandong Province has GDP of $ 500B
At least 60% of that GDP , $ 300b, is a revenue of Shandong Province.
Which additionally has direct access to China $ 2.2 T treasury.
.
Means ,PDP BUYER HAS relatively UNLIMITED CAPITAL at it's disposal.
.
The China "capitalism" is to keep control (min 51%) over state assets.
Controlling stake in most of Chinese "private" / publicty listed " cos is in hands of state ( federal, provincial ,municipal , state institutions, army etc)
.
The China gov. issued orders about 2 major things lately:
-- deliver me 10% GDP growth
-- go outside China to invest, buy assets and acquire resources. http://www.stockhouse.com/Bullboard....;r=0&s=CDU&t=LIST
.
Those directives are also Shandong Province. directives , goals ,
and orders to companies controlled ( 95 % of all major cos ) by province.
THIS IS THE BACKGROUND OF PDP TRANSACTION indicating sure closing.
There is not only will, there are direct orders and pressures to fulfill them.
.
China gov is not only "arming" it's cos with "unlimited" capital
for the coming overseas acquisitions wave . http://www.stockhouse.com/Bullboard....;r=0&s=CDU&t=LIST
It is arming them with knowledge , info , logistical support how to do it.
.
China unveiled an investment guide book to help domestic firms make foreign investments.
The first batch of the guide book released by the Ministry of Commerce covers 20 countries,
such as Pakistan, Thailand, Malaysia and Japan.
The guide book includes investment laws and regulations of the 20 countries and statistics about individual countries among other useful information such as advice on problems that firms may encounter.
The ministry said it would unveil more of the guide book to cover as many as 160 countries
and regions by the end of June, and it would update the guideline.
THERE IS NOWHERE TO HIDE . THEY COVERED WHOLE GLOBE geeesus
.
This reality just started to hit western media and late to game investors.
See Business Week front page " China Goes Shopping" http://www.businessweek.com/magazin....azine+channel_top+stories
..
PET PDP timing couldn't be more perfect. geeesus
.
" Mr Wen did not elaborate on how much of the $2,132bn of reserves would be channelled to Chinese enterprises LIKE HONGDA
but Mr Qu said this was part of a strategy to reduce its reliance on the US dollar as a reserve currency"
.
Translation: "No more Zimbabwe Ben dollars. We want real stuff." http://wcvarones.blogspot.com/2009/07/ch…s-shopping.html
.
And South America is welcoming them with open arms.
In Peru alone Chinese bought / have 4 huge copper, iron ore ( next to PDP) properties
Bought 3 of them lately for $ 1.5 b and is commited to spend $ 7.4 B to bring them to production.
(not counting PDP yet ,but they will in 19 days ) http://www.stockhouse.com/Bullboards/Mes…40&l=0&pd=0&r=0
.
The PDP deal is an essential part of AVALANCHE OF DEVELOPMENTS in ST.JUAN de Marcona area.
Peru will pressure/ give some incentives to Hongda for PDP closing and further development too.
Peru doubling / complementing China PDP investment ( mega port, perto-chem complex, 500k farmers influx into "Desert- to- Oasis " project, sea - to -sea hgwy,expanding smelting capacity of PDP-neighbour mine by 5 times ) http://www.stockhouse.com/Bullboard....&l=0&pd=0&r=0
China’s presence in S Amer. includes ownership of mines in Peru and holdings in the Panama Canal business zone, as well as port operations and pipeline assets in Ecuador and joint ventures with petroleum companies such as PdVSA and Petrobras. China has observer status in the Organization of American States
The proliferation of Chinese language programs, chambers of commerce and university courses indicate that the prospect of doing business with China is capturing the imagination of the people of the region.
A new generation of Latin American students is studying Mandarin Chinese and the mechanics of doing business with China.
.
The stars are aligned for PDP deal.gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
Luxor Capital Group, L.P. 9.861.705
Management, Directors, ... 4.805.315 (+70.937 April+Mai+Juni 2009)
Aufgeschlüsselt auf die einzelnen Personen:
- Henk Van Alphen 2,225,050
- Keith Henderson 378.000
- Mark Cruise 372.500 (+ 5.000 1,35 Can$ April 2009)
- Lawrence Talbot 300.100 (+ 30.000 1,10 Can$ 22.06.2009)
- Stephan Fitch 285.015 (+ 35.937 1,19 Us$ April+Mai 2009)
- Leonard Harris 260.000
- Marla Ritchie 259.900
- Murray Hitzman 250.000
- Michael Kinley 250.000
- Carlos Ballon Barraza 219.750
RAB Capital plc 729.200 <== Laut Gerüchten(Neono) soll RAB schon verkauft haben.
Stabilitas (ERA Resources GmbH) 0 - 1.700.000 <== Haben wahrscheinlich keine mehr / keine Topholder auf der Homepage
Federated Investment Management Co. 400.000
Deutsche Bank Investment Management, Inc. 343.220
Charles D. Hyman & Co. 230,100
The Canadian Small Company Series 157.360 (+ 28.500 30.04.2009)
UBS Securities LLC 147.125
Bankinter Gestión de Activos SGIIC SA 57.400
Mason Hill Advisors LLC 50.100
TD Precious Metals Fund 50.000
Polar Securities Inc. 36.669gemäß § 34 WpHG darf der Autor zu jederzeit Short- oder Long-Positionen in der/den behandelte(n) Aktie(n) halten.
A few months ago I thought that I will get 4$ cash per share in September. Now I will hopefully get 2$ per share cash in December. But a 100 Million $ deal is still better than no deal. I hope that all tests at PeT will be successfull and that Cardero can sell this project as well.
