Aus Palladin Vent. wurde nun Palladin Mining!
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| Eröffnet am: | 15.02.05 13:43 | von: bradetti | Anzahl Beiträge: | 44 |
| Neuester Beitrag: | 04.04.08 12:24 | von: Koch27 | Leser gesamt: | 12.832 |
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If you have very wondered what kind of a fool would be driving the wilds of Western Utah on Superbowl Sunday, collecting both a speeding ticket and a flat tire, all in the faint hope of being first to announce finding another supervalue stock, I can answer in a word.
Me.
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The last deal this good was when the Dutch stiffed the Indians out of Manhattan for $24 bucks worth of beads. However, on second thoughts after considering the taxes in NYC and the inhabitants in general, maybe the Indians got the better part of the deal.
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It's the best deal I've seen in a long time. Not just because he got a major mine and facilities for cents on the dollar but because the price of iron is rocketing.
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It's easy to see the high-grade iron ore in the stripped areas. This is a mine with a mine plan, a permit and it's ready to rock and roll.
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Palladon owns 65% of the JV and Western Utah Copper owns 35%. It's a great deal for both parties. Palladon's 65% interest is a giant portion of a giant project.
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George Young is going to build a billion dollar company with this project. When he told me about the project and I read all the reports he supplied, I immediately went out to buy some stock. I wouldn't chase the stock and you shouldn't either. But with a market cap of $11 million Canadian, the market doesn't get it. I don't expect any substantial dilution to advance the project and when they get into production, even if just shipping lower grade ore, the market is going to put a far higher valuation on the shares. If you want to own it, be careful, I fully expect it to rocket higher and then come back some.
Diese Woche stehen Gespraeche bzgl. der Fianzierung des Projektes auf dem Plan. Man kann warten, bis das durch ist, aber wer auf Alles geht sollte es nicht abwarten.
Palladon kostet heute 8mio USDollar. Das Projekt ist mehrere Milliarden Dollar wert. Was fehlt ist die Unterschrift unter der Finanzierung und das Gebiet gehoert Palladon.
Ausschnitt aus WO-Thread, wo der Wert schon heiß diskutiert wird:
Der Abschnitt, aus dem sehr schnell sehen kann was dort Sache ist, ist wohl dieser hier:
There is 12 million tons of easily loaded, already crushed iron ore grading an average 42% Fe. With iron running $75 a ton, I expect George to get the Mountain Lion Mine into shipping the stockpiled ore within a few months of closing. My guess is that the ore will be worth $20 to $30 FOB railhead. George threw out the figure of $1 a ton to move it into railcars but I'd use a figure of $1.50 to $2 a ton to load it. That gives around a 90-95% margin, which sure beats a red-hot stick in the left eyeball. His cost of getting the crusher and loader back into operation would be well under $500,000 US.
Da liegen also 12mio Tonnen (das ist das Abbauvolumen von 12 Jahren!) rum, die einfach nur aufgeladen werden muessen. Erloes pro Tonne 20 Dollar, also gut 20mio Dollar im Jahr. Die Kosten veranschlagt man mit 2mio Dollar. Es bleiben 18mio ueber und davon gehoeren gut 2 Drittel Palladon. Also stehen Palladon ca. 12mio Dollar pro Jahr an Gewinnen ins Haus! Das ist im Moment das anderthalbfache der MK
Die Genehmigungen fuer den Abbau sind aktuell und gueltig. Die Mine befindet sich in einem ausgezeichneten Zustand. Die Unterstuetzung durch die Politik steht, nachdem George Young in der letzten Woche den Governer of Utah traf und ihn briefte. Dem ist natuerlich stark daran gelegen, diese Mine in Betrieb zu nehmen und somit zig neue Arbeitsplaetze seinen Erfolg nennen zu duerfen.
Sie planen ein neues Stahlwerk zu bauen, welches mit der HiSmelt-Technik laeuft. Einzelheiten dazu fuehren heir zu weit. Es gibt erst ein solches Stahlwerk auf dieser Welt, in Australien, gebaut von Rio Tinto und einem Partner. Die vorteile liegen wohl im geringen Energiebedarf. Ein weiteres dieser Werke ist derzeit im Bau in Minnesota.
Die vorteile fuer Palladon liegen klar auf de Hand:
1. Der groesste anteil am eisenerzpreis sind die Transportkosten. Sie machen rund 2 Drittel aus. Ein Stahlwerk direkt neben diesem Deposit verursahct also keinerlei Transportkosten.
2. Da es dort schon eines der wichtigsten Stahlwerke der USA gab, ist ausreichend Fachwissen in der Gegend beheimatet. Die Leute lebten ueber Jahrzehnte mit einem Stahlwerk und mit der mine.
3. Dieses Stahlwerk waere das erste im mittleren Westen der USA westlich von Chikago und nur 2 Stunden von Las Vegas entfernt. Bis heute muessen dorthin teuer Staehle aus anderen Landesteilen transportiert werden. ein Stahlwerk mit der Kapazitaet von einer million Tonnen im Jahr wuerde hingegen kaum 1% des jaehrlichen Bedarfes der USA decken!
4. Die Produktionskosten fuer Staehle aus dem HiSmelt-Verfahren sollen sich auf max. 200 Dollar/ Tonne belaufen. Derzeit werden Preise um die 700 dollar/ Tonne im Verkauf erzielt. Das Werk haette eine Lebensdauer von mindestens 50 Jahren. Daraus errechnet sich ein Wert von 35 Milliarden Dollar fuer das Erzvorkommen!
5. Die Kosten fuer das Stahlwerk schaetzt man auf etwas mehr als 1 Milliarde Dollar. Das ist eine wichtige Investition in einer strukturschwachen Gegend der USA. Ueber die Finanzierung sollten wir uns heute noch keine Gedanken machen. Partner stehen uebrigens bereit.
6. Mit Utah Coal steht einer der groessten Kohleproduzenten der USA bereit um Kohle zu liefern. Das widerum erhoeht auch deren Foerderung und das widerum wird dem Herrn Governer auch gefallen.
Wenn GY diesen Plan umsetzen kann und realisiert, dann werden wir noch sehr sehr viel Freude haben. Wenn nicht bauen sie eben nur Eisenerz ab. Im allerschlimmsten Fall tun sie beides nicht, aber da ist noch das Western Utah Copper Projekt, welches ebenfalls kurz vor der Produktion steht!
Über Meinungen und Anregungen würde ich mich freuen!
Gruß
Wenn die das mit dem Stahlwerk gebacken kriegen sprechen wir von 700mio Dollar Umsatz pro Jahr. Und das könnte vielleicht sogar schneller gehen als man glaubt, da ein stillgelegtes nicht weit weg ist. Man könnte es evtl. reaktivieren und in der Zwischenzeit neben dem Vorkommen ein neues hochziehen.
700mio Umsatz pro Jahr für die nächsten 50 Jahre. Und das bei einer MarketCap von 12mio Dollar. Da hab ich schon Pommesbuden mit ner höheren Bewertung gesehen. Die hatten allerdings kein Erz für 35 Milliarden in der Hinterhand.
Eigentlich müsste PLL explodieren wenn sich das rumspricht. Ich hoffe mal des beste. Vielleicht mein erster Dausender. *g*
Bei dem Potential ist es egal, ob man bei 0,3 oder 0,5 Euros einsteigt!
Jaaaaaaa!! Ich freu mich ;-) +20%
Das würde heißen, rein von der Umrechnung her, stehen wir am Montag bei über 0,50 €!!
Da ich Mitte/Ende nächster Woche mit Gewinnmitnahmen rechne, werde ich nochmal nachlegen.
Wenn die Finanzierung bekannt gegeben wird, gibt es dann nochmal einen ordentlichen Schub. Ich rechne mal auf Jahresende-Sicht mit 4 bis 5 CAD!
Mal schauen, wie es heute in Toronto an der kanadischen Börse weitergeht.
Vielleicht mal eine Verschnaufpause, um dann weiter gen Norden zu klettern, denn die eigentlich entscheidenden News kommen ja erst noch (in Kürze).
Der heutige Verlauf zeigt mir auch, dass es bei diesem Rohstoffwert völlig egal ist, ob man zu 0,30 € einsteigt, oder zu 0,50 €, denn der Kurs wird bald ganz anderes aussagen $$$
Bei dem Potential, was unter der Palladon-Erde steckt, ist die momentane Marktkapitalisierung immer noch weit vom reellen Wert entfernt :-)
Gruß an alle Mitinvestierten :-)
Langsam wird mir schwindelig. Die Insti`s wollen halt auch noch rein ;-)
Das bestätigt nochmal das Potential, was in Palladon steckt!!
http://www.cdnx.com//data/lcdb/DOCP/APR2005/V%23NZ01%21.DOC
Im Prinzip können die Morgen anfangen die 12mio Tonnen, die dort auf Halde liegen abzubauen. Wir reden hier von rund 10 Mio Dollars Gewinn pro Jahr für Palladon. Bei 30 Mio Aktien und einem Kurs von 75 Cent kann sich jeder selber ausrechnen wie gut die Chancen hier sind wenn man nur mit einem KGV von 10 rechnet.
Excerpts from A Steel of a Deal by: Bob Moriarty
321gold.com/
The New Palladon JV now is the owner of a giant iron project with past production in the district of 80 million tons and a measured resource of about 114 million tons plus a precrushed stockpile of 12 million tons of ore ready to be shipped measuring 42% iron. Estimates made by the previous owner are that the project may contain 300 million to 500 million tons of ore.
Major mine and facilities here for cents on the dollar.
There are three options Palladon can take to make money out of this operation and I fully expect them to use all three at one time or another.
1. There is 12 million tons of easily loaded, already crushed iron ore grading an average 42% Fe. With iron running $75 a ton, I expect George to get the Mountain Lion Mine into shipping the stockpiled ore within a few months of closing. My guess is that the ore will be worth $20 to $30 FOB railhead. George threw out the figure of $1 a ton to move it into railcars but I'd use a figure of $1.50 to $2 a ton to load it. That gives around a 90-95% margin, which sure beats a red-hot stick in the left eyeball. His cost of getting the crusher and loader back into operation would be well under $500,000 US.
With a train holding up to 100 cars and limited to 180,000 pounds per car, Palladon could be filling and shipping a full trainload of iron ore every three days at 9000 tons per train to achieve the 1 million ton per year goal. I know they will do this because it generates cash and all the other alternatives generate more profit total but require both time to plan and money to create.
2. An alternative to shipping what is relatively low-grade ore is to build a processing plant to upgrade the material to produce iron nuggets. When you ship 42% Fe, you also ship 58% waste rock. And shipping is a giant component of the price of steel. Ocean Freight rates were as low as $10-$15 a ton up until 2002 when increased Chinese demand for all raw commodities caused rates to increase up to 400%. Freight was often the biggest cost in both grains and iron shipments.
By building a facility to process pelletized ore through the " Mesabi Nugget ITmk3" process (sorta rolls off your tongue, doesn't it?) Palladon could create a 96% Fe nugget suitable for shipping directly to steel mills anywhere within economic shipping distance. The plant would add a lot to capital costs but would cut shipping costs 50% and add great value to the ore. The " nuggets" would be suitable for direct feed into other steel mills across the country.
3. The third alternative probably makes the most sense but costs the most money. That is to build a modern state-of-the-art steel mill next to the rail loading facility and go into production of cold rolled steel with a value of $700 a ton and produce 1 million tons of steel a year.
George estimates a cost of slightly over $1 billion to build but the ROI would be incredible. Palladon would have a giant-sized competitive advantage due to the central location with cheap rail cost to the West Coast markets.
George's Power Point presentation where he briefed the Governor of Utah and his staff on February 4th and a brilliant report.
It's a pretty easy concept to understand if you have all the written materials. But nothing beats a physical visit to the site. Dr Wray's report compared the Net Present Value (NPV) of the mine/1 million ton mill to both a copper mine/mill and a gold mine/mill. If you compared it to the copper producer, the copper mill would ship 220,000 mt/yr and have a NPV of $35.2 billion over the 50 year life of mine and the gold company would produce 1.6 million ounces a year over its 50 year life with a NPV of the same $35 billion. Clearly the iron project involves some giant numbers. The biggest difference is that banks will easily finance steel projects over gold projects.
You can see the dumps from quite a distance but don't get a feel for the size of the operation until you get closer. By the time we got within range of the crushing and loading facility, I realized it was really a big operation.
I'm not a mining engineer but I'd guess there is some $2-$5 million in loading equipment and three sets of tracks in the railroading siding. All that costs money to buy and time to build. The day Palladon closes on this deal, it all belongs to them.
We looked over the conveyor system and rail loading facility and then went up the hill to look at the mine. It really is an impressive operation. There is a giant stockpile of ore right next to the conveyor system and it's easy to see how they could have ore shipping in a matter of a few months.
It's easy to see the high-grade iron ore in the stripped areas. This is a mine with a mine plan, a permit and it's ready to rock and roll
I believe that in six months they will be up and cranking and any financing done to finalize the purchase of the iron mine will be done at a far higher stock price. They have $250 million dollars worth of lower grade iron sitting in a stockpile already mined. If they can't figure out how to make money off that after a 71.5% price rise in iron, they won't deserve the deposit. Palladon is a possible ten bagger or more depending on just how soon CEO George Young can get his team motivated.
Die haben durch Glück für 10 Millionen $ Eisenerzvorräte ergattert, die in den nächsten 50 Jahren Einnahmen (bei Bau eines Stahlwerks) bis zu 35 Milliarden $ bringen könnten. Auf Basis der aktuellen Stahlpreise.
Palladon gehören 50% dieses Projekts.
Palladon ist aktuell nur mit einem Bruchteil dessen bewertet, was allein Das Erzgestein auf Halde wert ist. Von der restlichen Mine und weiteren Projekten ganz zu schweigen. Recht viel unterbewerteter kann eine Aktie eigentlich nicht sein. Und das ist keine virtuelle Luftblase wie Google, der aktuelle Wert ist mit hunderten Hektar Eisenerzland abgesichert. Risiko ist m.M nach gleich NULL. Chance selbst konservativ gerechnet rund 400 Prozent.
Den ganzen Artikel unter:
http://www.321gold.com/editorials/moriarty/moriarty041805.html
BROOMFIELD, COLORADO, Apr 20, 2005 (CCNMatthews via COMTEX)
Palladon Ventures Ltd. (TSX VENTURE:PLL) (" Palladon" or, the " Company" ) is pleased to announce that it posted the required $1.3 million reclamation bond through St. Paul Travelers and completed the final closing of the purchase of the Comstock/Mountain Lion Iron Project in Utah (the " Iron Project" ) on April 18, 2005. The Company is now preparing final arrangements for the commencement of operations on the Iron Project including the updating of the feasibility study, bulk sampling, and renovation of surface facilities. Palladon will obtain all the maps, records, assay data and drill core from the seller, and will immediately begin taking representative bulk samples from the exposed benches of ore for complete analyses. The results will be used in negotiations with potential customers for direct shipping of ore. Sample materials will also be used in metallurgical test work to determine the most effective methods of beneficiation.
The Company is also pleased to announce the appointment of Donald G. Foot, Jr. as a Director. Mr. Foot will also serve as Vice President of Palladon Iron Corporation, the Company's newly-formed subsidiary. Palladon Iron is a Utah corporation formed for the purpose of holding and operating the Iron Project. Mr. Foot has been involved in the minerals industry for 30 years as a metallurgical engineer specializing in magnetic separation and other aspects of mineral processing. He holds a Masters in Engineering Administration and a B.S. in Metallurgical Engineering from the University of Utah. Mr. Foot has been president of Paradise Development Corporation, Worldwide Director of Minerals for EIMCO Process Equipment Company, President and CEO of Pyramid Resources, and a Research Supervisor for the U.S. Bureau of Mines. Mineral processing technologies developed by Mr. Foot, especially in column flotation, are used throughout the world. He has authored and co-authored more than 50 technical publications, holds nine patents in mineral processing, and has made numerous technical presentations worldwide.
Palladon president George Young said " We are excited to have all aspects of the closing and the posting of the bond completed. We are also pleased that Don Foot has joined our management team. He brings a wealth of experience in mineral processing and project management that we will utilize in both our iron and copper operations. We expect to proceed rapidly with the development of the project now that the acquisition is completed, with an emphasis in the short term of generating a cash flow from ore purchase contracts."
ON BEHALF OF THE BOARD OF DIRECTORS OF PALLADON VENTURES LTD.
George S. Young, President, Director
Palladon Ventures Ltd.
Hamish Greig
Corporate Communications
(604) 484-7088
(604) 484-7044 (FAX)
info@palladonventures.com
http://www.palladonventures.com
Damit ist George Young gerade auf Roadshow in Deutschland und der Schweiz.
http://www.palladonmining.com/i/pdf/palladongeneral7.8.05.pdf
Aus dem Review:
> $15-20 M Profit Margin on 1 M Tons per Year <
> First Shipment - Late Summer 2005! <
Spätestens im Herbst ist Palladon mit min. 50% an einer produzierenden
Eisenmine beteiligt. Rechnet Euch selbst aus, welche Bewertung hier
fair ist. Ich wette Ihr kommt auf einen gaaaaanz anderen Wert als den,
der Momentan bezahlt werden muss.
Seit drei Tagen erhöhtes Volumen. Also haut rein.
Sehr konservativ, aber selbst die sehen auf Basis der aktuellen Kurse rund 50% Potenzial. In der Analyse wird allerdings mit 1Mio Tonnen pro Jahr gerechnet, inzwischen wurde das Ziel vom Management auf eine Jahresmenge von 3Mio angehoben.
Wie gesagt, rechnet es Euch selber aus. Welche Bewertung hier fällig wäre.
Palladon picks Gilbert for contract mining at Comstock
2005-07-14 21:31 ET - News Release
Mr. George Young reports
Palladon Ventures Ltd. has selected Gilbert Development to conduct contract mining at the Comstock iron mine in Iron county, Utah. Gilbert will mobilize immediately to commence first phase mining activities. Palladon plans to produce iron ore concentrate for sale to domestic and international customers.
Gilbert has been a mining contractor for over 30 years and has extensive expertise in crushing and magnetic separation. In 1983, the firm began contract mining for USX and Geneva Steel on the Comstock iron mine. Between 1983 and 1997, Gilbert moved over 50 million tons of iron ore and waste from the mine site. Following mobilization, Gilbert will commence mining high-grade zones of the pit in order to build stockpiles for further processing and shipment.
Don Foot, vice-president of Palladon Iron, said: " Gilbert brings to Palladon intimate knowledge and experience in the Comstock iron project. Their extensive year-round experience in mining and loading at the site will provide great assistance in the resumption of mining activities and will enhance our ability to provide consistent product to the marketplace. Gilbert also holds the highest rating in safety from MSHA and OSHA, a point that is very important to Palladon."
Qualified person and quality assurance and control
Donald G. Foot, who holds a degree in metallurgical engineering from the University of Utah, has over 30 years of experience in mineral processing, beneficiation equipment design, marketing and sales, and executive management. He has acted as a qualified person as defined in National Instrument 43-101 for the purpose of the technical release of information contained herein relating to the Comstock iron project.
Damit ist Palladon nun eine Firma mit einem Umsatz von rund 25Mio US Dollar.
Bei einem geschätzten Gewinn von ca. 15Mio.
Und das bei einer aktuellen Bewertung von rund 18Mio US Dollar.
Die Meldung kam gestern Nachbörslich. Ihr habt also Zeit bis 15.30 Uhr
noch günstig einzusteigen.
Palladon Ventures Ltd. Announces Contract to Sell One Million Metric Tons of Iron Ore
BROOMFIELD, COLORADO--(CCNMatthews - Aug. 2, 2005) - Palladon Ventures Ltd. (TSX VENTURE:PLL) (the " Company" ) announced that it has entered into a contract to sell one million metric tons of iron ore over the twelve month period commencing September, 2005 to a Chinese purchaser. Ore will be mined, crushed and magnetically treated from the Comstock/Mountain Lion Iron Project in Utah, transported by rail over the Union Pacific railroad running adjacent to the mine, and loaded on the customer's ships at the port in Richmond, California for shipment to Chinese ports. Palladon is making final arrangements with its mining contractor, Gilbert Engineering, to commence mining and treatment of ores in August, and with the railroad and port, to commence shipment as soon as possible thereafter.
The contract provides for standard commercial terms including the posting of a letter of credit by the customer, and pricing is in line with the current strong market for iron ores in China. Specific pricing terms of the contract have not been disclosed at this time, pending additional negotiations on other supply contracts being discussed. Based on mining and treatment costs and the quoted costs for shipping and handling, Palladon expects to generate substantial cash flow from the contract.
Palladon President George Young said, " The sales contract represents a significant step for the Company. Revenues from this contract will help strengthen our balance sheet, and in turn will enable us to advance with feasibility work on the iron project in evaluating other avenues of development. We will also be better enabled to continue with our exploration and development work at the Western Utah Copper District and on our gold projects in Nevada and Argentina."
ON BEHALF OF THE BOARD OF DIRECTORS OF PALLADON VENTURES LTD.
George S. Young, President, Director
The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of the contents hereof.
CONTACT INFORMATION
Palladon Ventures Ltd.
Hamish Greig
Corporate Communications
(604) 484-7088
(604) 484-7044 (FAX)
info@palladonventures.com
www.palladonventures.com