Interesting little company. Did a series of asset swops to leave them with half of the 4th largest Nickel deposit in the world.
The deposit itself is in the Philippines has been known about for 30 years but due to low prices and lack of demand in the Far East it was never exploited. With the explosion in demand from India and China the nickel price has climbed from $2 to $6.50 but oddly enough is still considered low.
The final approval stage for exploitation is just about to be approved and extraction will begin. The company already has one contract with a Japanese smelter and is in discussions with smelters in a series of countries.
Nothing clever about the operation, as the ore is of sufficiently high grade, they dig it up and ship it out. Infrastrucure is already in place for operation.
TMC is currently priced at 18m, the initial Japanese contract is worth 4m and each additional contract will hopefully be at this level or greater.
Final approval turns the company into a producer and each additional contract simply increases their size.
The management is tight with cash and has some good quality mining skills onboard.
The Philippine government is fast tracking the final approval and the company says it expects it shortly.
One to hold for approval and through the series of RNS's as more contracts are won. Company should be worth 50m in 6 months and 100m in 12-18 months.
Buy it, ignore it, just pointing this one out.

lets hope it ends the day around the 3 mark

I was hoping nearer to 4.

sounds good to me oily ! lets hope the mm's let it go


METALS FOCUS - Nickel premiums continue to rise amid tight conditions - Calyon

BaseMetals.com

Nickel physical premiums continue to rise as the market remains exceptionally tight, with low stocks and a strong demand in the stainless steel sector, broker Calyon said on Tuesday in a special report.

Supply tightness is reflected in persistently low LME inventories, which stood at around 5,000 tonnes during the past few months, it noted.

LME stocks fell by 36 tonnes to 4,980 tonnes on Tuesday, while cancelled warrants -- metal set to be removed -- rose by 14 percent, leaving only 3,390 tonnes of nickel available to the market, equivalent to about one day of global consumption.

"Although several stainless steel producers have indicated that they will cut output, this has not so far had any significant impact on the nickel market," calyon argued.

According to Brasilian iron ore producer Companhia Vale Do Rio Doce (CVRD), nickel production growth is "expected to meet the increase in demand in 2007", but with "no room for stock replenishing."

CVRD also predicted China would drive global stainless steel production, while a fast growth is also expected in India. The overall demand growth is due to remain solid, although some producers try to substitute from high nickel content steels (300 series) to lower or no-nickel content steels (200 and 400 series).

that was a nice buy 52000 @ 304

The market is finally waking up to the potential of TMC, these price rises are long over due. There is not much stock around in free float (around 25% of the company). With the demand as it is we are heading towards 5 pounds in no time, i can't see any consolidation occuring before.

Does anybody have a view on Investica(IVK) as a cheap way into TMC and Berong?

halifax, Investika is another way to realise a good potential profit but I believe they are a bit strapped for cash at the moment. 670,000 in bank. That is why they are diluting by 6,000,000 shares for their contribution towards the processing plant in Palawan. They will earn 2.09 times 6 million shares which equals 12,540,000 minus costs, minus contribution. Their contribution is about 6 million, leaving them with about the same in cash. Obviously they have their other assets to take into account, but I feel that it would be too much of a mirror investment to TMC earning a smaller profit so therefore what would be the point.

Oily in thread 223 you estimated the processing plant cost at 12.65m, IVK's shares are denominated in A$'s therefore the placing of up to 6 million new shares would raise about 2.5m which would cover their share as they directly own 18.7% of Berong. IVK has 14 million shares issued with a market cap of 30 million TMC has currently a market cap of 85 million. IVK has shareholdings in a number of other mining ventures.

well the first 25 min was good to watch ! more to come I hope :)

This is heading to 5 pounds very soon!

Hi halifax, IVK's shares are also quoted on AIM currently 252.5p up 26.5p on the day. I read somewhere that IVK were floating 6 million shares at 2.09 I have been searching everywhere to find it but can't at the moment. Still, in a few months time we shall all be rolling in it. I am aware that they have other resources and if you want to invest in them carry on. All I was trying to point out was that as TMC goes up so will IVK. So two similar investments going up at approx the same rate at the same time seems a waste to me. However one advantage would be that you could trade one off against the other if one rises too quickly. Good luck.

expert I tend to agree ,going well ! interesting to see where it ends up today !

Halifax, IVK.AX current price A$5.80 divided by exchange of A$2.4 per 1 equals approx 2.41 per share, similar to our rating. I fail to see how you made 6 million shares worth only 2.5 million.

We are up to 359.5p on the highest volume i can recall (1.6M). From what I can see today, any slightest drop is met with a flurry of buys, any rise is met with a flurry of buys. The Market Makers have no choice but to continue to raise the price, this will continue until we reach a level that the market feels that a fair value has been reached. TMC are sitting on a resource worth billions, the market cap is only 100M. Does anyone care to estimate what fair value is on this stock?

according to the other side--news due will result in 10 short term--20 medium term and long term---whoosh!! I'd like to think it'll happen...but with the stock market you never know.

expert, Fair value? That is a question for the individual, what one would consider fair value someone else may consider cheap. When MPSA has been granted, rumoured to be this year sometime, and on completion of the conveyour system to enhance loading from 6,000 tons per day to 25,000 tons. That would increase prodution to 6 million tons of ore per annum, or, times 1.8% approx 108,000 tons of nickel. This would be worth approx 378 million per annum. The potential profit per share per annum is approx 4 times the current SP. Fair value in my book would be 10 times annual profit. In this scenario 3.5 times 4 times 10 equals 140 per share. I would consider a 2 billion take over in a few years to be fair value, approx 60 per share. Could someone else actually attempt to show their valuation as I seem to be the only one who is trying. Cheers and good luck to all holders.

Investika Ltd
04 May 2007


INVESTIKA LTD
('the Company')
Increase in share price

4 May 2007

Please find enclosed the text of a letter the Company has released on the ASX
relating to the Company's recent increase in share price and trading volumes of
the shares.


Enquires to:

Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480

James Joyce
WH Ireland Limited
Telephone: 020 7220 1666


DATE 4 May 2007


Ms. V. Bui
The Australian Securities Exchange Ltd.

Dear Ms. Bui

Further to your letter of 4 May 2007 re the increase in the price and trading
volume of the Company's shares, we advise as follows:

1. We are not aware of any information that has not been announced that
could be an explanation for the recent trading in the Company's
shares.

2. As reported in our March Quarterly Activities Statement, the
Philippines direct-shipping laterite nickel ore project commenced
shipping operations. During this quarter three shipments, totalling
121,000 tonnes, were made to smelters in China.

Shipments have continued in the current quarter and to date, a further three
shipments, totalling approximately 150,000 tonnes, have been dispatched, also to
Chinese smelters. Another ship is presently being loaded.

The March quarter report, which was also released in London, has attracted a
great deal of interest in that city, particularly as the project's major
partner, Toledo Mining Corporation plc, is also listed on the AIM market and
Toledo's share price has significantly increased since the quarterly report. It
is, therefore, our view that this is the reason for the increase in the value
and volume trading in the Company's shares.

3. We confirm that the Company is in compliance with the Listing Rules
and, in particular, Listing Rule 3.1.


Yours faithfully
INVESTIKA TLD

J B MAGUIRE
COMPANY SECRETARY

over 270,000 ton sold. Another ship is being loaded. How much revenue is it so far this year?

I think the share price should be prbably 6 or so

oilrag, how soon do you think we could get to 140 pounds per share? I'm looking to pencil in a retirement date as well as leave enough inheritance for the next few generations.

Smiler were do you think TMC is going as I am thinking of selling Tuesday?.