could this be the next one to go like white nile speculaors talking about 20p i'm in @ 4p RAB capital have 30% so following thier lead any opinions ????

Massive increase in JORC SP?

INCREASED JORC Compliant Mineral Resource Estimate for the Mambare Nickel Laterite Project

http://www.moneyam.com/action/news/showArticle?id=4387276

Mambare Project Manager, Ian Warden, commented:

"These latest results are exciting. Not only do they build the Mambare Nickel Project towards its potential to be a nickel laterite of world-class scale, the higher-grade zones identified have very positive implications for the economics of a future Mambare operation.

Superb RNS, surely well above expectations (again). So why the **** are we down lol (or more accurately why the **** are people selling for 1.75p!)

martinl2

**** knows

Replacement - Increased MRE for Mambare

http://www.moneyam.com/action/news/showArticle?id=4387567

Edison gave a value of I think 2.3p/share to the previously announced Mambare resource - and this was based on values of other companies with Nickel resources in current market conditions not pie-in-the-sky values. And I think their last report stated they would update after this upgrade. Should be nearer 4p now by the same yardstick and that's just for the Nickel resource.

martinl2

They also gave their best case at 74p I’m here to we get there.

http://library.rrrplc.com/RGM_web/RGM_Broker_Research/RGM_Broker_Research_2011/RGM_EdisonInvestmentResearch_24.05.2011.pdf

I'd be happy with 7.4p for the time being!

Me to.

And your point is?

7.88 when I bought them in November 2010 seems a life time ago and will probably be a life time before it gets to that again. Hopefully not.

3m

You must average down at this low price we won’t see this for much longer.

Love to but just lost £1000 on ATG - no spare cash yet again, would like to average down on a lot but can't. Cheers though. Hope something else comes good pretty dam quick and gl luck to you.

New note from Edison following the resource upgrade

http://www.edisoninvestmentresearch.co.uk/researchreports/Regency140612flash.pdf

"Given that today’s resource alone more than supports the current share price, the market appears to ascribe no value to the significant (174p/share) potential resource upside. Nor does it ascribe value to the company’s other assets. Our forecasts for Regency remain under review."

martinl2

Cheers a nice update from Edison.

Mambare resource increase
http://www.edisoninvestmentresearch.co.uk/researchreports/Regency140612flash.pdf

New DNi website.

http://www.directnickel.com/

calm down.,. just thought a chart would help as there isn't one in the header.,.

E-mail sent out by Regency Mines...

Dear Shareholders and Colleagues,

We have just released a new JORC-compliant Resource estimate for our Mambare nickel-cobalt project in Papua New Guinea. This can be viewed on our website by clicking here.

From only a small part of the license area, we have declared an Inferred Resource of 162.5m tons, at an average grade of 0.94% Nickel and 0.09% Cobalt.

This is a very substantial Resource, equivalent to 1.53m tons of contained nickel, which makes this already one of the larger projects worldwide. It may be noted that other laterite projects are often geologically or geographically constrained, so that the declared Resource cannot be much increased; this one has very great expansion potential. The possibility exists that if it came into operation would be producing for many decades, a characteristic that may make this project attractive to, for example, Chinese partners.

The nickel price currently is $17,082 per ton, and the cobalt price is $29,100 per ton (source: London Metal Exchange).

We have seen two updates on the company so far, one from VSA Capital and one from Edison Investment Research. If you have access to either of these services, which are primarily designed for institutions and professional and qualified investors, you may wish to read their notes, which are positive in tone.

GECR has also prepared a report, which will go to their large retail investor readership, and we enclose a copy of this and of the Edison report.

Now that we have a story to tell, we must become much more proactive in telling it, and any suggestions from you as to how we might better get our message across will be welcome.

The achievement of this considerable milestone opens a number of options, and we shall make a public announcement about how we will pursue them. It is good to have the drilling phase leading up to the declaration of a JORC Resource, which was a substantial financial commitment for us, now completed.

A period of appraisal and study now begins, as our partners Direct Nickel Ltd continue progress to the commencement of testwork at their pilot plant in Perth.

They have recently issued an update to their shareholders, that will no doubt soon appear on their website.


Kind regards,

Andrew Bell

EMail from AB - Sent 10/09.

Dear Shareholders and Colleagues,

I recently completed a short trip to Australia, in the course of which I had a number of meetings and discussions, some of which were focussed on the Direct Nickel technology that we expect to apply to our Mambare lateritic nickel project in PNG, and some on the maturing and often exciting activities of Regency Mines Australasia Pty Ltd.

At Bureau Veritas I watched our brown clay samples being passed over a Wilfley table, with the titanium ore separating out as blackish granules. This was a very satisfying sight:

We want to see what the ore is (rutile or ilmenite?) and if it is ilmenite, evidence that we can get up to a 30% concentrate. So far so good, and the metallurgical testwork is nearly complete, so we will start getting answers; the ore type we will know when a chemical scan has been completed, which takes a little longer.

We met with some people in the graphite space and discussed graphite matters of mutual interest. This story will run and run, but the devil is in the processing, and many companies that talk about their graphite targets have rather a glib and superficial understanding of that. It was a pleasure to speak to people who seemed to have a deep and long-term commitment in an area where we are learning as we go, and so need to take instruction where we can find it. Our neighbours at the old Halberts mine own a facility that produced high grade graphite with very low impurities, and our ground, though undrilled, has definite potential as the structures continue through it and any expansion potential they had would be likely to lie in our ground.

There are no good pictures of this, and Helen who has been there has none: one piece of dense scrub looks much like another!

The DNi pilot plant at the CSIRO facility in Curtin University I visited for the first time since late 2011, and this time Graham Brock, the project manager, was there to show me round himself. The financial constraints of DNi meant that progress was held up for some months, but the plant is now being completed and everything is on the move. There has been some confusion about the stage 1 and stage 2 that DNi sometimes use in describing their process: to clarify, here are a couple of flow sheets that you may find helpful:

The key to nickel viability historically in the sulphide nickel area has been by-product credits. The Russian long-life giant producer Norilsk has silver and other credits; this makes them profitable. Those with no credits may never make it into production. In the nickel laterite area good grade and not excessively expensive processing have not compensated for the fact that by-product credits are usually limited to cobalt. One interesting difference between the conventional sulphuric acid-based HPAL process and the DNi process is that the Mg comes off not as an environmentally hazardous waste but as MgO, a valuable by-product with a high sales price and potentially up to $200m in annual sales from a 20,000 t p.a. nickel plant. I had not done the sums before Graham helpfully did them for me, and we would need to understand the Mgo market better before inputting them into any assumptions, but this is certainly an area we will focus greater attention on now.

With Grant Donnes, our consultant geophysicist and a director of Regency Mines Australasia Pty Ltd, we looked at the potential corollaries of the structures on our new tenements along a 50 km zone on the Fraser Range with the recent discovery 18 km away of Australia’s biggest copper discovery since Sandfire. And we considered next steps at our copper/gold project at Bundarra in Queensland.

Our quiet but persistent exploration effort in WA is beginning to pay off, and for our lateritic nickel story 2012 will be a banner year, with a huge Mineral Resource declared on just a small part of our Mambare tenement, and we hope the Direct Nickel story reviving as the pilot plant moves into commissioning and production.

Our stock exchange announcements tell the story from a regulatory point of view, but the human dimension of the progress achieved, and the industry background, are an important part of the picture as we see it. To allow you to see events a little bit through our eyes and so humanise the narrative is something that we hope is a legitimate aim and a process that will tend to increase your understanding.

Andrew