niceonecyril
- 25 May 2007 03:48
notlob
- 25 Apr 2008 13:37
- 595 of 810
read the article, thanks, noc
this bit caught my eye
'Russell said the commercialised Mintek technology used in the new smelters would cut capital and operating costs significantly and improve PGM recovery. A 10MW smelter requires investment of $80m'
So they need 40m, which seems a tall order right now?
Not sure how having 'projects that attract people automatically' helps on the finances, unless they come with wheelbarrows full of the folding stuff?!
halifax
- 25 Apr 2008 13:47
- 596 of 810
Thought they are using somebody elses furnace at the moment?
notlob
- 25 Apr 2008 14:09
- 597 of 810
they are using Mintek's pilot scale furnace at the mo, halifax, as far as I am aware.
niceonecyril
- 25 Apr 2008 14:12
- 598 of 810
No they have exclusive rights to Con-Roast, but its there own furnace which is stuated in a residental area with no problems, hence the green label.
N/Lob the idea is for those who wish to take advantage of the system once
up and running,is to put up finance in order to reserve an option.
Look i've put in the header as much info as possible, in fact 7 sites which help build up the potental of this company.
I see we're recovering some of our lost ground, back up to 9.5p.
cyril
notlob
- 25 Apr 2008 14:44
- 599 of 810
noc, its not BRR's own furnace, but one that is leased from Mintek
from the recent results statement:
'Braemore commenced PGM production in October having secured a lease over a 3MW
DC arc furnace at Mintek to establish a demonstration facility for the ConRoast
technology process ("ConRoast Process"). Production to date has run smoothly
demonstrating both the economics and environmental credentials of the ConRoast
Process.'
Not that it really matters because the point is to demonstrate the technology, which they have done.
Not looking to knock the company, noc, as I think it looks a very interesting proposition.
But I would be happier to invest once some details of funding are out in the open.
If the PGM producers are going to put up the cash for the smelter, fine. Lets see the colour of their money. And as there is no such thing as a free lunch, what will they want in return, presumably reduced smelter prices or a share in the project. Nothing at all wrong with that. Point I'm making is the way ahead with these projects is not yet clear and I would prefer claritybefore investing.
You have done a fine job with the header info, btw.
halifax
- 25 Apr 2008 15:45
- 600 of 810
Notlob if the pilot project is as good as we are led to believe furnace funding should not be a problem in South Africa. The position in Australia with BHP/BLT requires clarification by the directors.
notlob
- 25 Apr 2008 17:09
- 601 of 810
sounds good, Halifax, but the money still has to come from somewhere and deal(s) have to be done.
Given the future demand for smelters than can handle high chrome content platinum ore , I think a deal will be done. Its a question of when and on what terms.
niceonecyril
- 25 Apr 2008 17:33
- 602 of 810
N/Lob, yes you are correct regarding the furnace.I was on my way out, so posted in a hurry and it was off the top of my head.
cyril
notlob
- 25 Apr 2008 18:07
- 603 of 810
no probs, cyril.
niceonecyril
- 01 May 2008 08:27
- 604 of 810
Toya
- 12 May 2008 08:00
- 605 of 810
BRR - Leinster Project Update
In summary: test results expected in 4 weeks from now onwards, during June and July.
Andy
- 16 May 2008 14:44
- 606 of 810
This article should be of interest to holders, click
HERE
niceonecyril
- 17 May 2008 12:03
- 607 of 810
Thank you Andy a typiclal down to earth report/assestment by Wendy, warts and all. I will add it to the header post.
cyril
niceonecyril
- 21 May 2008 08:59
- 608 of 810
niceonecyril
- 21 May 2008 09:27
- 609 of 810
niceonecyril
- 22 May 2008 08:33
- 610 of 810
halifax
- 29 May 2008 13:01
- 611 of 810
RNS excellent news cash being generated from pilot project, output set to double.
canada1
- 29 May 2008 15:02
- 612 of 810
What a nice surprise, just got back from the beach, after a fish and chip lunch and a pint or two of best bitter. Only another 14p and I can afford to go back and pay for them.
HARRYCAT
- 29 May 2008 15:04
- 613 of 810
Fish & Chips on credit!!! Best not to sober up! :o)
canada1
- 29 May 2008 15:12
- 614 of 810
I might be old but I can still run ! :o)