Packersoldkidney
20-02-2005, 01:53 PM
Had this great big post planned for this thread: I even had written some of it than realised it was boring and a ****. So I'll distill it into a few words: Mineral sands generally run last in a resouces boom, meaning they will at some stage (zircon has already to some extent but others have not) for various reasons. Possibly an investment/trading opportunity ahead in these types of companies.
The ones to look at are Iluka (ILU) Ticor (TOR) Bemax (BMX) Astron (ATR) (note the last two are going to have difficulty getting their resource out of the ground in a cheap sort of fashion) Actually there is a whole stack of them - but only a few have access to 'world class' deposits. There is a crew doing something in Africa called Omegacorp (OMC) - all exploration at this stage I think in Tanzania that is apparently pretty good. I'm no geo, but the best ones of these co's. has the minerals stacked in ancient areas right on the surface. The new area that is attracting a lot of interest is the Eucla basin right here in Australia - it has all the hallmarks of the most exciting mineral sands area in the world, and it is largely unexplored. There are a few crews with their hands on this prize. Iluka is one of them, ADN is another (and I think due to report some drilling results from the area soon), but the pick of the bunch is Diatreme Resources, that will list on the ASX in the next few weeks. Diatreme has a few hundred k's to explore on the coast where a couple of hits have been hit already, at Jaicinth and Ambrosia, but you'd reckon there would be sometime before a decent return on any investment would be seen, that is unless a major steps in and picks them up at some stage (could be a chance given the seeming quality of the Eucla).
Anyway, the mineral sands co's are worth a look as we are in a resources boom and most of them haven't really run as yet. Check them out.
The ones to look at are Iluka (ILU) Ticor (TOR) Bemax (BMX) Astron (ATR) (note the last two are going to have difficulty getting their resource out of the ground in a cheap sort of fashion) Actually there is a whole stack of them - but only a few have access to 'world class' deposits. There is a crew doing something in Africa called Omegacorp (OMC) - all exploration at this stage I think in Tanzania that is apparently pretty good. I'm no geo, but the best ones of these co's. has the minerals stacked in ancient areas right on the surface. The new area that is attracting a lot of interest is the Eucla basin right here in Australia - it has all the hallmarks of the most exciting mineral sands area in the world, and it is largely unexplored. There are a few crews with their hands on this prize. Iluka is one of them, ADN is another (and I think due to report some drilling results from the area soon), but the pick of the bunch is Diatreme Resources, that will list on the ASX in the next few weeks. Diatreme has a few hundred k's to explore on the coast where a couple of hits have been hit already, at Jaicinth and Ambrosia, but you'd reckon there would be sometime before a decent return on any investment would be seen, that is unless a major steps in and picks them up at some stage (could be a chance given the seeming quality of the Eucla).
Anyway, the mineral sands co's are worth a look as we are in a resources boom and most of them haven't really run as yet. Check them out.