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WASL
16-05-2006, 06:47 PM
Hi all. I'm a new member but have been active in the share market for the past 15 years - mostly successful but with a few shockers. Is anyone else following Intermin (IRC). I have a few and, apart from a dodgy return of capital a few months ago, they seem to be doing nothing. Their finances look quite healthy.

shasta
02-05-2011, 02:01 AM
IRC - March Quarterly & cashflow statement

http://stocknessmonster.com/news-item?S=IRC&E=ASX&N=539551

Mcap @ $0.15 = MCap $17.2m

Cash $4.136m

Listed Investments:

RWD 6.35m worth $6.25m
AIV 4.655m worth $0.28m
KGL 10.5m heads & 10.5m options worth $2.9m

EV a staggering ~$3.6m (On the LOW EV list i didnt include the $0.28m worth of AIV shares!)

drillfix
02-05-2011, 03:32 AM
LOL Shasta,

It appears you are replying to a post that was made over 5 years ago, but good on ya for not creating a duplicate thread :)

shasta
02-05-2011, 06:20 PM
LOL Shasta,

It appears you are replying to a post that was made over 5 years ago, but good on ya for not creating a duplicate thread :)

I was going to start one, but yeah found this & thought why not ;-)

I really like the looks of IRC, that Denpal tipped off about

Aotea
02-05-2011, 06:40 PM
Hi Shasta,
Have taken up a modest holding in IRC recently. From what I see, you cant go wrong given the tenements they hold...best of luck and look forward to seeing a few JV's come on board!

denpal
04-05-2011, 08:00 PM
It's just a game of patience with IRC. Definitely not a trading stock! I bought at 14c a couple of weeks back and am happy to wait for quite a while. If RWD does well that will underpin the shareprice too.

shasta
08-05-2011, 02:07 PM
Update on IRC EV

MCap @ $0.15 = $17.2m

- Cash @ 31/3 = $4.1m

- Listed Investments

RWD = $7.65m
KGL = $2.94m (Jinka sale)
AIV = $0.24m

Total LI = $10.8m

EV = $2.3m

Cheap as chips & there projects in GOLD & Vanadium are worth far more than ~$2m! ;)

shasta
22-05-2011, 05:56 PM
IRC - Update

Even though IRC is on the LOW EV list, it deserve its own thread & EV calculation!

MCap @ $0.155 = $17.8m

Cash = $4.1m

Listed Invesments

RWD = $6.63m
KGL/Jinka = $2.94m
AIV = $0.21m

Total Investments = $9.8m

EV = $3.9m

Aotea
22-05-2011, 07:11 PM
not to mention the worlds largest vanadium deposit- which incidentally is thought to be the key to car technology post oil, in combination with lithium.

IRC and ECM the perfect plays for the future.

JBmurc
05-09-2016, 03:25 PM
INTERMIN ANNOUNCES PLACEMENT OF $4.71M
AND SHARE PURCHASE PLAN

HIGHLIGHTS
 Placement of 39.25 million ordinary shares at $0.12 per share to raise $4.71 million
 Strong support from new Australian and international institutional and sophisticated
investors
 $1.5m strategic investment by Eastern Goldfields Ltd (ASX: EGS)1
 Company will also offer 5 million new shares to eligible shareholders under a Share
Purchase Plan at an issue price of $0.12 per share to raise an additional $0.6 million
 Investors in the Placement and eligible shareholders who accept and are issued new
shares under the SPP will be granted one free attaching option for every two new
shares issued (with the options exercisable at 17 cents each by 31 August 2018)
conditional upon shareholder approval at a General Meeting to be convened and the
lodgement of a Prospectus
 Proceeds will be used for the development of the Teal Stage 1 gold mine, accelerated
drilling programs at Teal, Peyes Farm, Blister Dam and Windanya, potential
acquisitions and general working capital
 Company now well-funded for a development decision for the Teal Stage 1 gold mine
in the current Quarter2
Intermin’s Managing Director, Jon Price commented: “The Board is extremely pleased with the
level of interest in the Company and welcomes a number of new Australian and international
investors to the register along with our strategic alliance partner Eastern Goldfields Ltd”.

JBmurc
05-10-2016, 09:22 PM
Financial Considerations and Upside Potential
Depending on what the JV delineates at Menzies, the ore could either be trucked and toll-treat at EGS'
Davyhurst plant or have its own plant at Menzies. IRC estimated the cost of having its own ~400ktpa hard
rock rated plant as ~$20m to $25m, so it is not justified at present, and a different size may be envisaged
by EGS when its Ida complex is included. But just how big could Menzies become? It has clearly become
forgotten. There are not many WA goldfields which had historic grades where 2oz/t to 5oz/t (~70g/t to
~170g/t) was common as visible gold in thick quartz, and I have never heard of a mine with an average
recovered grade of almost 100g/t, but yet both the aptly named Surprise and Surprise North that lay on
strike north of Selkirk did - and do not appear to have been looked at (or explored) since 1915!
Grade intersections were usually double digit, anything less than that was ignored as too low or
classified as "not typical Menzies". And despite its open-cuts typically being 50m to 100m deep and
~1moz extracted from the ~10km long goldfield, it has become forgotten. Perhaps it was also fueled by
~2.5g/t reported open-cut grades, whereas if they had been 3g/t to 4g/t, Menzies would have attracted
more interest. I recall Goldfields often stating that they wished they had gone underground at Menzies, but
didn't, & being intrigued as to why something that averaged 2.5g/t prompted such interest, (unless grades
were higher). Having now raised sufficient cash, IRC appears to be in a prime position to grow and
develop Teal and Goongarrie Lady, with the strategic JV with EGS enabling the development of the rest of
Goongarrie and Menzies (both shallowly drilled with many gaps and possibly overlooked geology).
Management
Board of Directors
Peter Hunt – Non-Executive Chairman (Non-exec director since inception, ie over 20 years). Peter is a Chartered
Accountant who holds and has held a number of directorships in listed and unlisted companies.
Peter Bilbe – Non-Executive Director since 2016. Peter is a mining engineer with over 40 years' experience in the
Australian and International mining industry at the operating, corporate and business level, with comprehensive
operational experience. Peter has held a number of senior positions and is currently Non-Exec Chairman of IGO.
Jon Price – Managing Director since 2016. Jon is a metallurgist and mineral economist with over 25 years'
experience in WA and overseas in all aspects of mining from finance, exploration, development and construction.
Jon was GM at Paddington and St Ives, and was the founding MD of Phoenix Gold.
Lorry Hughes - Executive Director (Business Development) since 2015. Lorry is a geologist with over 20 years'
experience and has held a number of senior management positions on mining and development projects with major
companies such as RIO and Barrick. Lorry was previously MD & CEO of South Boulder Mines Ltd
Bianca Taveira - Company Secretary since 2010 - Bianca has been providing administration and secretarial
services to many listed and unlisted public companies for 17 years.
Senior Management
David O'Farrell - Exploration Manager since 2012. David is a geologist with over 25 years' experience in all
aspects of exploration, development and mining in Australia and overseas, having worked on many operations and
projects.
Grant Haywood - Mining Manager since 2016. Grant is a mining engineer with over 25 years' experience in
underground and open-cut mining operations, having managed projects from feasibility study through to operations
mostly in the WA goldfields for junior and multi- national gold mining companies.
Chart of Intermin Resources Limited (September 2015 to September 2016) (Source : www.yahoo.com)
IRC's share price
broke out ahead of its
placement...
..and has drifted back,
with the market yet to
recognise its potential ..... 20c+ short term target

Analyst report--
http://www.intermin.com.au/wp/wp-content/uploads/2015/10/irc19sep16.pdf


Disc-in today @10.5c will be looking to build a good size position over the rest of the year ....major fan of the MD -JP always keep holders in the loop,,,,think least 200-300% to be made year over next 12-16months
much like I just made from MKO

JBmurc
29-11-2016, 12:16 PM
NEW MINERALISATION DISCOVERED
SOUTH OF THE TEAL GOLD PROJECT
HIGHLIGHTS
 First phase of RC and diamond drilling completed at Teal and Peyes Farm
 Significant high grade mineralisation intercepted in all holes drilled at the newly
discovered Jacques Find prospect with uncut results including:
 11m @ 7.75g/t Au from 51m
(including 7.8m @ 10.69g/t Au from 53.5m) – PFDD1601
 9m @ 6.99g/t Au from 89m – PFRC1632
 5m @ 7.44g/t Au from 73m and 6m @ 3.02g/t Au from 114m – PFRC1633
 6m @ 7.16g/t Au from 107m
(including 4m @ 10.35g/t Au from 107m) – PFRC1634
 The new prospect islocated 500m south along a parallel strike zone from the Teal gold
mine currently in development
 PFDD1601 was drilled to confirm the discovery hole which returned a similar downhole
interval of 15m @ 5.00g/t Au from 48m (including 6m @ 10.89g/t Au from 49m) 1
 Mineralisation interpreted to dip steeply to the west, is open along strike and
comprises two parallel lodes
 Jacques Find now elevated in priority and follow up drilling along strike has
commenced
Commenting on the initial results Intermin’s Managing Director, Mr Jon Price said at Jacques Find
high grades have been defined for 70m down dip and the focus is now on growing that along
strike where there has been shallow or little historic drilling.
“The exploration team have done an exemplary job with target generation and to have all drill
holes hitting high grade mineralisation is a testament to the potential of this area. A special
mention to our Project Geologist Jacques Pieters after whom the prospect is named and we look
forward to the results of the follow up drilling along strike that is now underway.
As part of our planned accelerated drilling program across our 100% owned projects in the
Kalgoorlie region, extensions along strike and at depth at the Teal gold project area will be a key
focus along with other high priority targets on the Zuleika and Bardoc shear zones,” he added.

JBmurc
10-12-2016, 12:57 PM
12c close which is brilliant when you see so much downwards pressure on many in the ASX Gold sector while IRC is heading the other way with tight volume buying

JBmurc
13-12-2016, 04:43 PM
INTERMIN AND AXF FORM JOINT VENTURE TO ADVANCE
RICHMOND VANADIUM - MOLYBDENUM PROJECT
HIGHLIGHTS
 Intermin Resources (ASX: IRC) executes a binding Heads of Agreement with AXF
Resources Pty Ltd (“AXF”), a wholly owned subsidiary of the AXF Group
 The joint venture covers the 100% owned Richmond project in North-Western
Queensland and metal rights owned by Intermin on nearby properties1
 The project area contains extensive Vanadium – Molybdenum mineralisation
 Agreement covers an earn in joint venture as follows:
 AXF to sole fund and manage A$6m of technical beneficiation and
commercialisation studies over 4 years to earn a 75% interest in the project
 Intermin free carried to study completion
 AXF to subscribe for $430,000 in Intermin shares
 Since 2008 Intermin has completed drilling, beneficiation testwork and directional
studies at Richmond providing AXF with a substantial technical database from which
to continue development
 Sample collection and further beneficiation testwork to commence in the March
Quarter 2017
Commenting on the Agreement Intermin’s Managing Director, Mr Jon Price said the joint venture
enabled dedicated funds and focus toward commercialising the project while maintaining upside
exposure for Intermin shareholders as the Company focuses on growing the gold business.
“Richmond is a multi-billion tonne project that requires significant funding and focus to take it
forward so we are delighted to be working with the highly credentialed AXF team to advance a
technical and commercial outcome,” he added.
AXF Managing Director, Dr Shuang Ren commented “AXF is delighted to participate in this worldclass
project with some key challenges. AXF will work closely with Intermin to advance the
project”.


-----------------------------------------

Once a prolific developer, AXF has sold all its property holdings — except one — over the past two years for about $700 million, including some prominent sites such as the Fairfax House at 19-31 Pitt Street in the Sydney CBD, which was offloaded to China’s Dalian Wanda for $73m. Wanda also bought the adjoining Gold Fields House for $425m.

Almost simultaneously, Mr Gu, the scion of a well-established Chinese developer in Shanghai, began his venture into mining and has since spent more than $100m in the hard-hit sector, buying the Gold Ridge gold mine in the Solomon Islands and the Mt Anderson iron ore mine in Western Australia.
“It’s not simply because we are seeing uncertainties in the property market after it has gone up for a period of time,” Mr Gu, AXF’s founder and chairman, told The Weekend Australian.
“With more state-owned and listed Chinese developers entering the Australian market, there’s just too much competition and AXF as a private company is not in the position to compete with these big guys. We need to change our focus.”

Apart from Dalian Wanda, Chinese property giants such as Greenland Group, Poly Real Estate and Country Garden have expanded in to Australia over the past two or three years, hunting for development sites in a market that is far shallower than their home market.
“It works better for us to cash in now and just wait for a few years, particularly when the market may probably cool down a bit,” Mr Gu said. The company would still assess potential opportunities in the property market.

The company has sold 241 Castlereagh Street in the Sydney CBD to Chinese-backed Visionary Investment Group, the Kinnears Ropeworks site in Melbourne’s Footscray to Guangzhou-based R&F Properties and a Box Hill site in Melbourne to Jeff Xu’s Golden Age.

With funds out of flipped sites, which returned nicely, Mr Gu is starting to make some bargain purchases in the mining sector and has set up a company in Perth focused on mining investments.
“We are looking for bargains when it’s at the bottom of the market. Just as simple as that,” he said.
He bought Gold Ridge, the biggest gold mine in Solomon Islands, from listed miner St Barbara around Christmas last year. The price was not disclosed, but it was believed to be a “peppercorn amount” in comparison with what St Barbara paid for the mine four years ago.

Operations at Gold Ridge have been suspended since April 2014 as St Barbara was concerned about the risk of its tailings dam being breached. But Mr Gu said AXF had completed the dewatering process, paving the way for recommissioning the mine next July.

“We expect the mine to bring us stable cash flow once it starts production,” Mr Gu said, noting the precious metal had been on the upward trend this year given uncertainties around the world economy.
The company also bought the Mt Anderson iron ore mine in Western Australian from a private company and hopes to start production by the end of next year.

“We are aiming for an annual production of five million to eight million tonnes of high-grade iron ore, which will make us the fifth biggest iron ore miner in Australia,” said Mr Gu.
That might sound a bit ambitious, but he is eyeing more than that. AXF’s mining division has now hired more than 50 employees in Perth and the company itself is moving headquarters to Sydney in November, seeking more opportunities in other areas.

“Who would talk to me when it was during the mining boom? That used to be a game played only by big companies, but now I can easily hire the best people in the industry,” he said. “It’s all about playing ahead of the cycle.”

JBmurc
20-03-2017, 11:06 AM
Ore production commences from Teal gold mine!!!!!!


ORE PRODUCTION COMMENCES AT TEAL GOLD MINE
HIGHLIGHTS
 Pre-strip complete and ore mining commenced in northern section of the Teal open pit
 Positive grade control drilling results and modelling completed in the northern half of the
pit confirms Resource model estimates1
 Haulage of first ore parcel to Paddington mill to commence shortly with first gold sales
expected in April
 Teal Stage 1 produces 15,567 recovered ounces grading 3.2g/t Au over nine month mine
life and generates $8.6m cash for Intermin in 2017

JBmurc
03-04-2017, 07:23 PM
GOONGARRIE LADY SCOPING STUDY DELIVERS POSITIVE RESULTS
HIGHLIGHTS
 Scoping Study completed defining a technically strong and financially viable project with
the following results
1
:
 Oxide and transitional material accessed via shallow open pit mining producing
142,000t at a diluted grade of 3.40g/t for 15,639 ounces over a 7 month mine life2
 Ore processing at 94% metallurgical recovery produces 14,700 ounces recovered3
 Total funding required for the project to become cash positive is $1.2 -$1.6m1
 Competitive all in cost estimate of $1,000 - $1,100/oz1
 At a gold price of $1,600/oz, the project generates ~ $7 - 8m in free cash flow1
 Study assumes contract mining and haulage with ore milled at a nearby third party facility
 Statutory approvals on track, Feasibility Study commenced for completion in the
September Quarte

JBmurc
04-05-2017, 01:28 PM
A great run down on IRC going forward from the Prospector

http://www.intermin.com.au/wp/wp-content/uploads/2015/10/The-Prospector_IRC_23Mar17.pdf

JBmurc
18-05-2017, 10:15 AM
FIRST ORE SALES PAYMENT FROM TEAL GOLD MINE
HIGHLIGHTS
 First haulage, sampling and processing of ore from Teal Gold Mine completed successfully
 Initial batch comprised 9,700t at an average mine predicted grade of 2.7g/t Au1
 Initial payment of $0.5M received under the terms of the Ore Sale Agreement2
 Second and third ore batches delivered with payments expected in May1
 Ore mining continues and remedial work on the western wall slip completed
 Grade control drilling completed in the southern half of the pit for modelling ahead of ore
mining scheduled for June
 Continuous ore delivery expected at 10 - 15,000 tonnes per week until completion in
August2
 Maximum cash drawdown reached with Teal Stage One now cash positive

JBmurc
02-07-2017, 03:53 PM
Not sure how many read the money & market reports a piece below...

billionaire mining guru shared his rare view on vanadium. TheNorthern Miner reported on 7 May:
‘“We think there’s a revolution coming in vanadium redox flow batteries,” [Friedland] says. “You’ll have to get into the mining business and produce ultra-pure vanadium electrolyte for those batteries on a massive scale.
‘We’re very deeply interested in how you store electrical energy in the grid.
‘The beauty of the vanadium redox battery is that you can charge and discharge it at the same time, something that can’t be done with a lithium battery. With a vanadium redox flow battery, you can put solar power and wind power into the battery, and you can put excess grid power into the battery at night, and at the same time you can have a stable output into the grid.”’


As we know AXF Resources are spending $6m by 2021 to earn a 75% interest in our Monster Vanadium-Moly resource that apparently has metallurgical issues, with bulk samples being sent to China for processing testwork..... positive results and IRC will be the most discussed stock on HC as the SP would have muti bagged

http://www.axfresources.com.au/our-business/vanadium/


IRC should trend higher from here(tax loss selling ended,IRCO opts expired) ....got email reply from Company sec ....sounds like 30,000m of Gold exploration drilling to come over the short term ...

JBmurc
02-07-2017, 04:05 PM
Melbourne-based AXF Group, controlled by Richard Gu, is switching lanes from property to mining as the young developer races to get ahead of the cycle before the resources sector resurrects from a brutal downturn.

Once a prolific developer, AXF has sold all its property holdings — except one — over the past two years for about $700 million, including some prominent sites such as the Fairfax House at 19-31 Pitt Street in the Sydney CBD, which was offloaded to China’s Dalian Wanda for $73m. Wanda also bought the adjoining Gold Fields House for $425m.

Almost simultaneously, Mr Gu, the scion of a well-established Chinese developer in Shanghai, began his venture into mining and has since spent more than $100m in the hard-hit sector, buying the Gold Ridge gold mine in the Solomon Islands and the Mt Anderson iron ore mine in Western Australia.

“It’s not simply because we are seeing uncertainties in the property market after it has gone up for a period of time,” Mr Gu, AXF’s founder and chairman, told The Weekend Australian.

“With more state-owned and listed Chinese developers entering the Australian market, there’s just too much competition and AXF as a private company is not in the position to compete with these big guys. We need to change our focus.”

Apart from Dalian Wanda, Chinese property giants such as Greenland Group, Poly Real *Estate and Country Garden have expanded in to Australia over the past two or three years, hunting for development sites in a market that is far shallower than their home market.

“It works better for us to cash in now and just wait for a few years, particularly when the market may probably cool down a bit,” Mr Gu said. The company would still assess potential opportunities in the property market.

The company has sold 241 Castlereagh Street in the Sydney CBD to Chinese-backed Visionary Investment Group, the Kinnears Ropeworks site in Melbourne’s Footscray to Guangzhou-based R&F Properties and a Box Hill site in Melbourne to Jeff Xu’s Golden Age.

With funds out of flipped sites, which returned nicely, Mr Gu is starting to make some bargain purchases in the mining sector and has set up a company in Perth focused on mining investments.

“We are looking for bargains when it’s at the bottom of the market. Just as simple as that,” he said.

He bought Gold Ridge, the biggest gold mine in Solomon *Islands, from listed miner St Barbara around Christmas last year. The price was not disclosed, but it was believed to be a “peppercorn amount” in comparison with what St Barbara paid for the mine four years ago.

Operations at Gold Ridge have been suspended since April 2014 as St Barbara was concerned about the risk of its tailings dam being breached. But Mr Gu said AXF had completed the dewatering process, paving the way for recommissioning the mine next July.

“We expect the mine to bring us stable cash flow once it starts production,” Mr Gu said, noting the precious metal had been on the upward trend this year given uncertainties around the world economy.

The company also bought the Mt Anderson iron ore mine in Western Australian from a private company and hopes to start production by the end of next year.

“We are aiming for an annual production of five million to eight million tonnes of high-grade iron ore, which will make us the fifth biggest iron ore miner in Australia,” said Mr Gu.

That might sound a bit ambitious, but he is eyeing more than that. AXF’s mining division has now hired more than 50 employees in Perth and the company itself is moving headquarters to Sydney in November, seeking more opportunities in other areas.

“Who would talk to me when it was during the mining boom? That used to be a game played only by big companies, but now I can easily hire the best people in the industry,” he said. “It’s all about playing ahead of the cycle.”

JBmurc
04-07-2017, 11:26 AM
Intermin Resources Limited (ASX: IRC) (“Intermin” or “the Company”) is pleased to advise that today
it has completed the issue of 8,044,968 fully paid ordinary shares after receiving final option exercise
forms and payments totalling $603,373.
The new shares relate to options, exercisable at 7.5˘ and expiring on 30 June 2017, issued as part of
a non-renounceable entitlement offer in July 2015.
A total of 14,819,669 or 76.1% of these options were exercised by holders adding $1,111,475 to the
Company’s cash reserves.
The balance lapsed on 30 June 2017.
The Company’s capital structure following the exercise of the listed options is now as follows:
Listed Shares 218,412,952 Fully Paid Ordinary
Listed Options 23,674,747 (IRCOA) Exercise Price $0.17, Expiry 31 August 2018
Unlisted Options 1,750,000 (IRCAI) Exercise Price $0.125, Expiry 31 July 2018
Unlisted Options 5,000,000 (IRCAI) Exercise Price $0.075, Expiry 31 July 2018
Commenting on the option exercise, Intermin Managing Director Jon Price said:
“We thank holders for their continued support which, together with ongoing cash flow from our Teal
Gold Mine, places the Company in a strong financial position to deliver on its strategy of self-funding
future mine developments, consolidating assets in the Western Australian Goldfields, growing our
existing Resource base and continuing the search for the next new gold discovery,”

JBmurc
05-07-2017, 06:09 PM
INN RESOURCE investing news



Vanadium redox batteries are generating excitement because they are reusable over semi-infinite cycles, and do not degrade for at least 20 years. However, these batteries are quite large and are better suited for industrial or commercial use than for use in electric vehicles. Roskill expects the market for stationaryenergy storage to increase from less than 2 GWh today to 16 GWh by 2026. The firm notes that vanadium redox batteries currently account for just a fraction of the energy storage market, but even slight growth in market share could potentially add tens of kilotonnes of demand to the market.
Roskill predicts that vanadium prices will recover from their current level and peak around 2019 or 2020. The current price of ferrovanadium, an alloy of iron and vanadium, is about $21 per kilogram.

Aside from Largo, few other publicly traded companies are currently mining vanadium. However, many companies are exploring for the metal or developing vanadium projects. Below are some examples. All are listed on the TSX, TSXV or ASX and had market caps of over $3.5 million as of June 30, 2017:
Australian Vanadium (ASX:AVL) owns the exploration-stage Gabanintha vanadium project in Western Australia. The company said it has agreed to sell the rights for base metals at the project to Bryah Resources, but retains the rights to battery metals.
Bushveld Minerals (LSE:BMN) recently signed a conditional purchase agreement to acquire the Vametco vanadium mine from Evraz Group. Bushveld said it is focused on vanadium redox batteries.
Energy Fuels (TSX:EFR,NYSEMKT:UUUU) is primarily focused on uranium, but processes vanadiumat its White Mesa Mill in the US.
Intermin Resources (ASX:IRC) is primarily focused on gold, but does have one vanadium-molybdenum exploration-stage project in Queensland, Australia.
Syrah Resources’ (ASX:SYR) main asset is the Mozambique-based Balama project. It primarily includes graphite, but also has vanadium potential.
TNG (ASX:TNG) is developing its Mount Peake vanadium-titanium-iron project in Australia’s Northern Territory.
Vanadium One Energy (TSXV:VONE) announced in March that it is in the process of acquiring a 100-percent interest in the Mont Sorcier vanadium-iron-titanium project in Quebec. The company also has a manganese project in BC.
VanadiumCorp Resource (TSXV:VRB) has an early stage project known as Lac Dore, and the company believes it can become a big-time North American supplier and major player in the vanadium industry.



http://investingnews.com/daily/reso...sting/vanadium-australia-china-north-america/

JBmurc
23-07-2017, 10:05 AM
http://marketcap.com.au/specialty-metals-minerals-vanadium/

Logen Ninefingers
27-07-2017, 03:33 PM
What did you make of the quarterly JB?

JBmurc
30-07-2017, 08:20 PM
Overall all looks to be going to plan ..Grades and recoveries all brilliant at or above expectations

June Qtr showed $3.5 million received up until the end of the quarter but $3.8 million received in the last 28 days which, of course, does not show in Qtr figures.... so free-flowing cash is brilliant ...they of course paying back RM contractors some 2.1m>> plan is from current resource plan to keep mining till october so AUG 3.5mill+ SEPT 3.5mill+ OCT ? .....as they state in the Qtr profit to IRC should be around 7-8mill after costs ....so come Oct-Nov we should be moving forward onto stage 2 then 3 (2018>) will here more as the exploration continues

JBmurc
05-09-2017, 10:55 AM
TEAL GOLD MINE OPERATIONS UPDATE
HIGHLIGHTS
 Mining, ore haulage and processing continues successfully at the Teal open pit
 Ore mined to date totals 98,900t grading 3.20g/t for 10,160 ounces
 Gold recoveries remain at 94% for an estimated 9,550 ounces recovered to date1
 Repayment of Intermin’s capital investment of $2.1m complete
 Return of Intermin’s asset recovery charge of $2.15m expected this Quarter under the
terms of the Mining Alliance2
 Teal on track to produce 15,000 – 16,000 ounces at All In Cost (AIC) of A$1,030 – A$1,090
per ounce generating total net cash flow to Intermin of $7m – $8m at a $1,600/oz gold
price3
 Cash and investments to date4
rise to more than $6m with mining completion of Stage 1
expected in the December Quarter 2017

Logen Ninefingers
05-09-2017, 05:01 PM
When is IRC going to run JB? Seems like the hand brake is well and truly on at the moment. Plenty of drilling happening right now. Have you had a look at the prospects and are you tipping mucho success in this drilling campaign?

JBmurc
05-09-2017, 09:11 PM
You're not the only one .....IRC SP is being controlled IMHO ,,,,why well just look at there location in the heart of the Gold fields neighbours to our prime exploration permits>>

Barrick Gold,Newmont,EVN,NST,Zijin all Major muti-billion market caps...Gold producers

looking over the last few months ....every good ann from IRC SP gets hit doesn't matter how much buying volume ...every time the SP rises then closes even lower than low ....its being keeped at 9c or close to it

IRC is not allowed to move on the back of many great anns .... just look at today's ... Toll treatment going to plan 6mill in cash-receivables
10mill will be crossed before Xmas ... Biggest drilling program on some of the best gold ground in the world ...

I have spoken with are biggest holder M.R (around 50% S/H of IRC) many times when I was a MKO S/H ... I know from those conversions the guy has a price for any of his share holdings and he is getting long in the tooth to be stressing about long term future of the likes of IRC... I'm sure mgmt of the above majors will know this >>

Could even be AXF the mega rich J/V partner on are Vanadium project ...?? I'm sure they would have already taken samples and testing offshore from project ...maybe they now see how now viable the project is and the billions in value .... IRC only 19mill ....easy pickings
but still waiting on further test results before making their move


I'm lease 80% confident IRC is a current Target ... will be trying to get hold of JP the MD of IRC tomorrow

JBmurc
06-09-2017, 04:03 PM
http://www.proactiveinvestors.com.au/companies/news/183497/intermin-resources-commences-mining-of-teal-stage-2-183497.html

Logen Ninefingers
06-09-2017, 04:19 PM
I'd love to see Intermin maximise its potential with JP at the helm, rather than be taken over before it's really made that big discovery.

At the moment it seems 'the predator' is content to watch and monitor. But if that big success comes, how can they stop the SP from really going on a tear before they can nip in and take it over dirt cheap?

i.e. what is stopping 'the predator' from moving now, or do you think the current SP suppression will be going hand in glove with overtures to MR to sell his stake?

No matter how old human beings are, surely everyone wants maximum value - if only to pass it on to their families. It's just human nature. Would MR really be happy to accept a low(ish) ball offer for his stake if he senses that there is so much more value that JP is building?

JBmurc
06-09-2017, 07:46 PM
Talked with Jon Price earlier today>>my post from HC

Yes certainly gave me much more confidence around protection from a predator bid ...sounds like the TOP20(60% ish) are all good mates ....also MR sees IRC as a core long term holding(much more likely to sell off other holdings than IRC)

10mill+ cash in bank for Xmas ....very confident IRC will continue to develop J/V production and not need to raise capital to support aggressive ongoing drilling program...

Teal 2 should deliver even better results that expected ....Supergene uncovered in pit infill drill on trend should add valuable reserves.... deeps stage-4 huge potential

EGS should bounce back under new leader...

Believes the stupid selling from a mix of retail holders mostly 7.5c opt holders or businesses that have received IRC shares as payment etc ...limited numbers left ..

recent large volume buyers coming from roadshow investor..


Purchased more today after taking profits from my PRU trade

JBmurc
29-09-2017, 05:00 PM
1 KESLI CHEMICALS PTY LTD <RUANE S/F A/C> 26,517,608 11.95
2 TYSON RESOURCES PTY LTD 23,731,500 10.70
3 BILL BROOKS PTY LTD <BILL BROOKS SUPER FUND A/C> 20,920,000 9.43
4 EASTERN GOLDFIELDS LTD 12,500,000 5.63
5 KESLI CHEMICALS PTY LTD 11,345,522 5.11
6 HUNT CORPORATE INVESTMENTS PTY LTD <PETER HUNT SUPER FUND A/C> 6,261,699 2.82
7 MR MICHAEL ALAN ODDY 6,237,396 2.81
8 AXF RESOURCES PTY LTD 3,583,333 1.62
9 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 3,467,743 1.56
10 CITICORP NOMINEES PTY LIMITED 3,085,873 1.39
11 MR CHRIS CARR + MRS BETSY CARR 3,000,000 1.35
12 MR MICHAEL RUANE 2,661,501 1.20
13 BERNE NO 132 NOMINEES PTY LTD <656165 A/C> 2,500,000 1.13
14 KEBAH HOLDINGS PTY LTD <KEBAH RETIREMENT FUND A/C> 2,497,648 1.13
15 MS RENAE WAINWRIGHT 2,414,980 1.09
16 MR GODFREY WENNESS 2,400,000 1.08
17 MR ROGER LILFORD <ID SUPER FUND A/C> 2,309,423 1.04
18 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED <EUROCLEAR BANK SA NV A/C> 2,200,000 0.99
19 MR MICHAEL RUANE + MRS IRENE MARGARET RUANE 1,923,114 0.87
20 MR JONATHAN PAUL PRICE 1,701,826 0.77
Top 20 holders of FULLY PAID ORDINARY SHARES (Total) 141,259,166 63.68

JBmurc
23-10-2017, 02:19 PM
up breaking into new highs for recent times will get a mass of announcements before the months out ....sellers very thin on the ground might have finally seen the last of the capper/dumper we have had for the last 12months

JBmurc
24-10-2017, 07:28 PM
Hope your still holding "Logan" 13.5c high today

Great ann today..

http://www.intermin.com.au/wp/wp-content/uploads/2017/01/2017-10-24-Outstanding-Anthill-Drill-Results.pdf

Logen Ninefingers
01-11-2017, 10:18 AM
Great announcement but has it got the credit and attention it deserves? Hopefully the next round of drilling at Anthill starts to wake a few more people up.

tobo
10-01-2018, 07:30 AM
This one sure jumps around.
A stream of announcements in Dec, nothing specifically to explain Monday's jump.
9397
9396

Discl: Hold

wizAlvin
12-01-2018, 08:53 AM
Will IRC be in the 2018 competition? last trading day to enter

JBmurc
14-01-2018, 08:48 PM
Yes it is ....is my biggest holding >1mill ords>> with a JORC resource upgrade + a new self-funded 60,000 drilling program for 2018
AUD Gold tapping on 1700oz >>

JBmurc
15-01-2018, 08:54 AM
http://www.vanadiumprice.com/storen-technologies-launches-patent-pending-energy-storage-on-startengine/


U.S. Energy Storage Surges 46% In Q3; 2018 Could Be A Breakout Year For Vanadium Batteries

|Jan. 4, 2018 12:36 PM ET

[​IMG]
John Lee, CFA

CFA, commodities, natural resources, utilities
prophecy development corp

Summary
U.S. energy storage increases 46% in third quarter. Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045.
Global storage market to double six times by 2030 to a total of 305 GWh. China reportedly started construction of world’s biggest 800 MWh battery and it's made with vanadium.
Lithium batteries' parasitic load factor and scalability may hamper growth. Vanadium batteries could start dominating the utility energy storage sector due to their proven reliability and longer battery life.
With fierce competition amongst vanadium battery makers and without a clear winner, investing in vanadium mining company may be the best way to participate in the rise of vanadium usage in batteries.
The considerable upside of vanadium mining company valuations can be seen when compared with uranium mining company valuations.
U.S. energy storage increases 46% in 3rd Quarter. Hawaii, California, Massachusetts aim to be powered by 100% renewable energy by 2045.
The article "US Energy Storage Increases 46% in 3rd Quarter" by Joshua Hill, published on December 7, 2017, revealed the latest U.S. Energy Storage Monitor report by Greentech Media ("GTM") Research showed a total of 41.8 MW (megawatts) worth of new energy storage capacity was deployed in the third quarter of 2017, representing an increase of 46% year over year and 10% quarter over quarter.
Texas led the way in the utility-scale segment with its 30 MW project, followed by Massachusetts, California, and Hawaii. GTM Research also highlighted the increasing role that energy storage is having in utilities' integrated resource planning (IRP), with utilities across 14 states including nearly 2 GW (gigawatts) worth of storage into their IRP thinking.
Another article by Joshua Hill - "California To Meet 2030 Renewable Energy Targets By 2020", dated November 21, 2017 - indicates California state's major utilities have already met and should soon exceed the state's 2020 renewable energy target of 33%. The article also says they will likely meet the 2030 target of 50% by 2020.

JBmurc
19-01-2018, 08:30 PM
Boom BOOM enjoying the run of late

Logen Ninefingers
24-01-2018, 04:24 PM
Boom BOOM enjoying the run of late

GLAH - big (potentially company-making) month coming up.

JBmurc
27-02-2018, 05:48 AM
As we know the asset that could see IRC multi bag overnight is the Richmond project with JORC upgrades to be announced soon to take too over 5billion ton of ore .375% vanadium 295g/t moly 2billion barrels of shale oil plus nickel , copper in the mega tons .....AXF has sent 1.2ton of ore to test facilities in China and as I found out recently had reduced their holding in IRC 1.52mill shares sold
I did email to ask if they would like to sell the remaining 2mill which they replied “we are currently not trading out IRC shares”

Now since AXF come on board with the planned 6mill investment in the Richmond project I have noticed much capping of the SP ie placing large sell orders above the trading price if the day ...now who knows exact game being played by AXF but soon enough we will find out ...

Looking at trying to value the Richmond project ....
Could be completely wrong here working on the iPhone but I get 1.2trillion USD gross value just for the oil @$60bbl
Working on 2bill in ground oil resources
My calc didn’t want to work on that big of number ...so say very conservative 10% released value = 120billion 25% IRC 30billion USD

JBmurc
27-02-2018, 05:52 AM
https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/ucore-rare-metals-extraction-process/

h2so4
27-02-2018, 09:06 AM
Could be way wrong.

Have a look at the economics of this thing.
https://web.archive.org/web/20090328021139/http://www.fossil.energy.gov/programs/reserves/npr/Oil_Shale_Economics_Fact_Sheet1.pdf

Also IRC doesn’t own any of the shale oil. GLobal Oil Shale does. Well that’s how I read it.

JBmurc
27-02-2018, 05:18 PM
Could be way wrong.

Have a look at the economics of this thing.
https://web.archive.org/web/20090328021139/http://www.fossil.energy.gov/programs/reserves/npr/Oil_Shale_Economics_Fact_Sheet1.pdf

Also IRC doesn’t own any of the shale oil. GLobal Oil Shale does. Well that’s how I read it.

Only for Permit MDL522 but the other two IRC has all control which 75% is transferred to AXF once they spend 6mill on the project

http://www.intermin.com.au/projects-map/richmond-v-mo-jv-project/

Aotea
20-03-2018, 03:27 PM
Interim announces a world-class Vanadium resource today...SP up 25%

Inferred mineral resource of 2,579Mt @ 0.32% V2O5 at a 0.29% cutoff making it one of the largest (and near surface) deposits in the world.

JBmurc
08-04-2018, 09:45 PM
Very, poor week last week >> from 24c to 19.5c ,,, Buyers sitting on their hands waiting for drilling results and AXF Vanadium test results IMHO also risk adverse opts holders taking some profits on their head positions >> think we will see a big turnaround next couple of weeks >>

JBmurc
10-04-2018, 10:34 AM
JOINT VENTURE AND ROYALTY UPDATE
HIGHLIGHTS
 Joint ventures in place covering 100% owned tenure in Western Australia and Queensland
in multiple commodities including gold, vanadium, molybdenum, nickel, copper, cobalt,
PGE’s and zinc1
 Eastern Goldfields (ASX: EGS) commences exploration drilling as part of the Menzies –
Goongarrie Gold JV with results expected in the September Quarter 2018
 Evolution Mining (ASX:EVN) withdraws from the Binduli Gold JV with 100% ownership
reverting to Intermin and drilling commencing in the current June Quarter 2018
 Mithril Resources (ASX: MTH) continues exploration at the Nanadie Well JV with current
focus on copper at Nanadie Well and Stark, zinc at Sandman and gold at Kombi
 Saracen Mineral Holdings (ASX: SAR) preparing to commence drilling at the Lehman’s Gold
JV with Intermin retaining a 10% free carried interest to a decision to mine
 Intermin holds a A$0.50/t gold royalty over Norton Gold Fields Janet Ivy gold mine with
expected cash inflow in 2018 of A$600,000 – A$700,0002
 AXF Vanadium Pty Ltd formally commits to expend the second stage expenditure on the
Richmond vanadium JV of A$5 million by March 2021
 Metallurgical testwork underway in China with initial results on Richmond vanadium ore
pre-concentration expected in the current June Quarter 2018
 Intermin retains an interest in all projects on satisfaction of earn-in terms providing
shareholders with leverage to multi commodities across several regions

JBmurc
18-04-2018, 08:36 PM
- Results from Yolande demonstrate potential for multiple parallel structures as part of a large mineralised system across the Teal project area

- Drilling continues with two RC rigs on site to complete the 20,000m Teal program in the June Quarter with further results expected in coming weeks

- Drilling at Binduli and Anthill planned to commence in June with results expected in the September Quarter 2018

JBmurc
08-05-2018, 08:24 PM
http://crweworld.com/australia/trendingnow/press-releases/334311/-intermin-resources-limited-ircax-positive-metallurgical-testwork-results-from-richmond-vanadium-project-

JBmurc
09-05-2018, 08:54 PM
May 2018:-
“The mining we completed at the Teal gold mine was very successful in meeting all its Feasibility Study parameters, resulting us sitting on a bank balance of around $10 million.
“That allows us to go and spend $4 million on a drilling program of 55,000 metres, a program that is huge
for a company our size.”

“The drilling program is split 50 per cent looking for new discoveries and fifty per cent growing the Resource over the one million ounce mark.
“For us that converts to around 400,0000 ounces in Reserves providing four years producing 100,000 ounces
per year,”

“Our business model remains pretty simple

to grow into being a mid-tier gold producer, then if we
get taken over on the way and all our shareholders make money, so be it,
that’s all well and good and we’ll go out and do it all over again.
“The recent industry vanadium interest has raised the profile of our Joint Venture
— suddenly everybody wants to know what we have and how we can bring it to commercial
production.”

https://www.intermin.com.au/wp-content/uploads/2018/05/Intermin-May2018-web.pdf

JBmurc
16-09-2018, 01:48 PM
Only two more weeks till the end of the Qtr-to come

• Resource update from Teal project area
• Further drilling results from the 8,000m Binduli and 14,000m Anthill drilling programs
• Drilling results from extensional drilling at Goongarrie Lady
• Drilling at the Lilyvale vanadium project
• Resource update from the Anthill gold project
• Optimisation test work results from Richmond vanadium project area


As we know one of largest holders EGS is selling down their 1.5mill AUD in shares to pay off their creditor issues plaguing the poorly
run EGS...been a big drag on IRC SP and once gone should spike on the above anns to come

In talking with IRC-MD on friday looks like EGS have les than half to go (and is in talks with some bigger Buyers to take the position)

Also on my worries IRC would be a Takeover target like EXU has become and many other micro caps with low EV to assets JP is confident the Biggest holders which work right next door to his office in perth .. will not be interested sub 50c