Rusina Mining : 53 Mio AUD Marketcap, >75 Mio AUD Cash-Flow/a, riesige Resourcen - 500 Beiträge pro Seite
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Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 18.704,42 | -0,18 | 186 | |||
| 2. | 4. | 6,5320 | -2,74 | 81 | |||
| 3. | 14. | 22,210 | -19,73 | 73 | |||
| 4. | 18. | 31,61 | +7,14 | 69 | |||
| 5. | 6. | 10,700 | +1,71 | 66 | |||
| 6. | 10. | 16,750 | +4,69 | 47 | |||
| 7. | 5. | 177,46 | +1,50 | 47 | |||
| 8. | 3. | 4,4000 | -5,17 | 42 |
Feedback
Rusina Mining Limited hat letzte Woche ein Agreement mit einem Contractor namens DMCI Holdings über eine gemeinsame Minen-Inbetriebnahme des Acoje Project auf den Philippinen getroffen.
* DMCI fördert 5 Millionen Tonnen in den nächsten 5 Jahren, d.h. im Schnitt 1 Tonne p.a.
Bei einem Nickel-Gehalt von 0,95% und einem Recovery-Grade von vielleicht 80% ca. 7.600 T/NI p.a.; dazu gibt es noch Cobalt und Chromeisen By-Credits
* Es ist mit DMCI vereibart, dass man sich den Bottom-Line Ertrag im Verhältnis 50% tz 50% aufteilt, DMCI trägt aber alle Kapitalkosten um die Mine zum Laufen zu bringen, d.h. es ist keine weitere Dillution bis zum geplanten Produktionsbeginn in Q3 2007 mehr notwendig
* Bei derzeitigen Nickelpreisen von 20 USD/lb ergäbe sich ein Umsatz zugunsten Rusine von ca. 170 Mio USD, bei einer - konservativ - unterstellten Marge von 50% blieben also rund 85 Mio USD Profit (ohne by credits).
Bei Tax-Quote 30% ein Bottom-Line Profit von ca. 60 Mio USD oder 75 Mio AUD
* Für weitere Phantasie ist gesorgt, lt. News Release Februar betragen die Indicated und Inferred Resources 33,15 Mio Tonnen mit einem Nickel-Gehalt von 0,95%, also 315,000 Tonnen Nickel…
* Die Präsentation Ende Nov. 2006 weist in Summe 217 Mio Shares/Optionen aus.
Bewertet zum derzeitigen Kurs von 0,245 AUD eine Marketcap FD von 53 Mio AUD, Rusina hat lt. Letztem Quartalsbericht 3 Mio AUD Cash.
* Es gibt noch eine weitere Nickel-Geschichte in Australien, über die die Homepage aber wenig hergibt und die very early Stage zu sein scheint.
* Handelbar am besten in Australien direkt (Kürzel RML), sind zwar auch in Berlin gelistet aber kaum Umsätze
Fazit: Sollte in Q3 wirklich wie geplant die Produktion aufgenommen werden und die Nickel-Preise halbwegs stabil bleiben sehe ich bis Jahresende ein Kursziel von +200-300%
Eigentlich wollte ich meine Basemetal-Invests eher reduzieren, aber bei diesem Schnäppchen konnte ich nicht nein sagen…
Cheers Maigret
* DMCI fördert 5 Millionen Tonnen in den nächsten 5 Jahren, d.h. im Schnitt 1 Tonne p.a.
Bei einem Nickel-Gehalt von 0,95% und einem Recovery-Grade von vielleicht 80% ca. 7.600 T/NI p.a.; dazu gibt es noch Cobalt und Chromeisen By-Credits
* Es ist mit DMCI vereibart, dass man sich den Bottom-Line Ertrag im Verhältnis 50% tz 50% aufteilt, DMCI trägt aber alle Kapitalkosten um die Mine zum Laufen zu bringen, d.h. es ist keine weitere Dillution bis zum geplanten Produktionsbeginn in Q3 2007 mehr notwendig
* Bei derzeitigen Nickelpreisen von 20 USD/lb ergäbe sich ein Umsatz zugunsten Rusine von ca. 170 Mio USD, bei einer - konservativ - unterstellten Marge von 50% blieben also rund 85 Mio USD Profit (ohne by credits).
Bei Tax-Quote 30% ein Bottom-Line Profit von ca. 60 Mio USD oder 75 Mio AUD
* Für weitere Phantasie ist gesorgt, lt. News Release Februar betragen die Indicated und Inferred Resources 33,15 Mio Tonnen mit einem Nickel-Gehalt von 0,95%, also 315,000 Tonnen Nickel…
* Die Präsentation Ende Nov. 2006 weist in Summe 217 Mio Shares/Optionen aus.
Bewertet zum derzeitigen Kurs von 0,245 AUD eine Marketcap FD von 53 Mio AUD, Rusina hat lt. Letztem Quartalsbericht 3 Mio AUD Cash.
* Es gibt noch eine weitere Nickel-Geschichte in Australien, über die die Homepage aber wenig hergibt und die very early Stage zu sein scheint.
* Handelbar am besten in Australien direkt (Kürzel RML), sind zwar auch in Berlin gelistet aber kaum Umsätze
Fazit: Sollte in Q3 wirklich wie geplant die Produktion aufgenommen werden und die Nickel-Preise halbwegs stabil bleiben sehe ich bis Jahresende ein Kursziel von +200-300%
Eigentlich wollte ich meine Basemetal-Invests eher reduzieren, aber bei diesem Schnäppchen konnte ich nicht nein sagen…
Cheers Maigret
Antwort auf Beitrag Nr.: 28.254.698 von Maigret am 12.03.07 15:07:14Hört sich sehr gut an. Danke. Ich schau es mir unbedingt mal genauer an.
Gruss
s.
Gruss
s.
Antwort auf Beitrag Nr.: 28.254.698 von Maigret am 12.03.07 15:07:14# 1 Hallo Kommisar M
Gute kriminalistische Arbeit
gut recherchiert, Kompliment .Hier noch ein Link:
http://www.rusina.com.au/static/welcome.php
Unter "Latest News" alle wichtigen Infos nochmals im Original.
Gruß Looe
Gute kriminalistische Arbeit
gut recherchiert, Kompliment .Hier noch ein Link:
http://www.rusina.com.au/static/welcome.php
Unter "Latest News" alle wichtigen Infos nochmals im Original.
Gruß Looe
Antwort auf Beitrag Nr.: 28.257.186 von Looe am 12.03.07 17:26:17Beim derzeitigen Nickel-Preis kann man mit Rusina meiner Meinung nach nichts verkehrt machen. Ich bin jetzt auch dabei.
Vielen Dank für die Infos!
Vielen Dank für die Infos!
Antwort auf Beitrag Nr.: 28.319.324 von Crsus am 16.03.07 00:00:09# 4 Crsus
Herzlich willkommen in unserem kleinen Club. Hoffen wir mal, daß es hier ähnlich läuft wie bei Summit Res. Etwas Geduld werden wir wohl mitbringen müssen, aber die haben wir ja.
Gruß Looe
Herzlich willkommen in unserem kleinen Club. Hoffen wir mal, daß es hier ähnlich läuft wie bei Summit Res. Etwas Geduld werden wir wohl mitbringen müssen, aber die haben wir ja.
Gruß Looe
Trading Spotlight
http://www.allheadlinenews.com/articles/7006857634
Australian Group To Start Exploring Nickel And Plutonium In Philippines
March 26, 2007 5:12 p.m. EST
Komfie Manalo - All Headline News Correspondent
Manila, Philippines (AHN) - Australian-listed Rusina Mining announced Monday it would initiate exploration for nickel and plutonium at the Acoje mining area in Zambales, northwest of the Philippines capital of Manila, starting this year.
Robert Gregory, managing director of Rusina said in a statement, "We are very excited about the Acoje project. The property is quite large. There is definitely a huge potential for undiscovered mineralization in this area."
Rusina signed separate agreements with Philippine-based Geograce Resources Philippines and DMCI Holdings for the development of the Acoje project. It signed a joint exploration and development of the southern portion of the Acoje project with Geograce while it signed a separate deal with DMCI for the initial mining of nickel in the area.
Under the deal with DMCI, five million tons of Acoje's surface nickel laterites that are to be mined over the next five year would be shared between both companies. Rusina and DMCI will share the profit 50-50 on the sale of the laterites mined in the ACoje area, while DMCI retains management over the open pit extraction of nickel, chromite and iron laterite for direct shipping.
"Rusina is well positioned to benefit from the revitalization of the Philippine mining industry as well as the continuing strong commodity price cycle," Gregory said.
Copyright © AHN Media Corp - All rights reserved.
Redistribution, republication. syndication, rewriting or broadcast is expressly prohibited without the prior written consent of AHN.
Australian Group To Start Exploring Nickel And Plutonium In Philippines
March 26, 2007 5:12 p.m. EST
Komfie Manalo - All Headline News Correspondent
Manila, Philippines (AHN) - Australian-listed Rusina Mining announced Monday it would initiate exploration for nickel and plutonium at the Acoje mining area in Zambales, northwest of the Philippines capital of Manila, starting this year.
Robert Gregory, managing director of Rusina said in a statement, "We are very excited about the Acoje project. The property is quite large. There is definitely a huge potential for undiscovered mineralization in this area."
Rusina signed separate agreements with Philippine-based Geograce Resources Philippines and DMCI Holdings for the development of the Acoje project. It signed a joint exploration and development of the southern portion of the Acoje project with Geograce while it signed a separate deal with DMCI for the initial mining of nickel in the area.
Under the deal with DMCI, five million tons of Acoje's surface nickel laterites that are to be mined over the next five year would be shared between both companies. Rusina and DMCI will share the profit 50-50 on the sale of the laterites mined in the ACoje area, while DMCI retains management over the open pit extraction of nickel, chromite and iron laterite for direct shipping.
"Rusina is well positioned to benefit from the revitalization of the Philippine mining industry as well as the continuing strong commodity price cycle," Gregory said.
Copyright © AHN Media Corp - All rights reserved.
Redistribution, republication. syndication, rewriting or broadcast is expressly prohibited without the prior written consent of AHN.
Weiterhin starke Aussichten für Nickel....
http://www.resourceinvestor.com/pebble.asp?relid=30286
Nickel Market to Remain Tight in 2007
By Jon A. Nones
27 Mar 2007 at 04:26 PM GMT-04:00
St. LOUIS (ResourceInvestor.com) -- Nickel for delivery in three months climbed $959, or 2.3%, to $43,159 a tonne in London yesterday, and has risen nearly 30% so far this year. The metal peaked at a record $48,500 on March 16, after gaining 161% in 2006. Currently, nickel is trading at $43,100 on the London Metal Exchange (LME), and analysts see further upside.
Stockpiles monitored by the LME fell 30 tonnes yesterday, or 0.7%, to 4,902 tonnes, the first drop since last Tuesday. Nickel stockpiles were critically low with only 3,702 tonnes available on March 19 on the LME. Market sources estimate two days of nickel supply per global consumption.
Delays at Companhia Vale do Rio Doce’s (CVRD) [NYSE:RIO] Goro project in New Caledonia and BHP Billiton’s [NYSE:BHP] Ravensthorpe project in Australia, two of the world’s largest nickel mines, have been key drivers in the market.
CVRD recently pushed back the start date for Goro to late 2008 or early 2009 from the fourth quarter this year, and raised the estimated cost by 40% to $3 billion.
BHP delayed the planned start of Ravensthorpe to the first quarter of 2008 from the second quarter of 2007, and raised its costs to $2.2 billion from $1.4 billion.
Goro is forecast to produce 60,000 tonnes of nickel a year at full capacity, while the Ravensthorpe mine will produce up to 50,000 tonnes per annum.
Xstrata’s [LSE:XTA] Koniambo project in New Caledonia, acquired from Falconbridge in November 2006, may produce 60,000 tonnes per year, but earliest possible start-up is scheduled for 2009. (Yesterday, Xstrata bid $4 billion for LionOre [LSE:LOR; TSX:LIM], who expects to produce 44,300 tonnes of nickel this year.)
In a market update today, Patricia Mohr, Vice-President, Economics and commodity market specialist at Scotiabank said market remains concerned over only limited prospects for new nickel supply.
She said extraordinary nickel prices reflect strong global stainless steel production, especially in China, where capacity gains will account for 67% of the world increase in 2006 and 2007.
"While stainless steel and nickel prices could edge down at some point this year, a 'super-cycle' is likely for nickel, with prices remaining quite elevated for the next several years," said Mohr.
Nickel is a primary constituent of stainless steel production. Chinese stainless steel production totalled 5.23 million tonnes in 2006, up 59.2% on year and forecast to grow another 40.7% this year.
China imported 3.78 million tonnes of nickel ore last year, a seven-fold increase compared with the previous year, according to statistics released by the General Administration of Customs.
Jinchuan Group, a company that controls 90% of China’s nickel output, said exports would fall this year to 3,000 tonnes because of a government tax to curb overseas shipments. China raised the export tax on refined nickel to 15% from 10% in November.
Macquarie Commodities analyst Jim Lennon told a nickel conference yesterday that nickel cash prices will again rise sharply to average $32,518 a metric tonne during 2007, up from an average $24,271/tonne in 2006.
He said slow supply growth in the nickel market will keep the market tight until 2010, with average 2007 prices forecast to jump 34% on year.
According to Lennon, the market would move to a small surplus of 7,000 tonnes this year, following a large deficit of 51,000 tonnes in 2006. However, stronger demand growth of 7.4% during 2008 will absorb growth of 7.3% in output, keeping the market tight, he added.
Yesterday, William Adams, metals analysts for BaseMetals.com, said in an e-mailed note that he remained “very wary of nickel.”
Today, he reiterated that he “would not be surprised to see some short term dips or sideways trading in the near term,” but said overall we remain bullish for the metals.
Although there is no nickel fund or ETF at this time, Van Eck Global’s Market Vectors - Steel ETF [AMEX:SLX] follows the American Stock Exchange Steel Index [AMEX:^STEEL].
The fund is heaviest in CVRD at 14.31%, the world’s largest nickel producer, and Rio Tinto at 12.26%, which announced last year an exploration agreement with Norlisk Nickel, the world’s second largest nickel producer, and is reportedly considering a $2 billion expansion of its nickel production capabilities in Indonesia.
Upon launch in October 2006, the Index and ETF are up approximately 29% over six months and 19% year to date.
Base Metal Prices
Tin advanced $125 to $14,450 per tonne on the LME yesterday, the highest since 1989. Today, 3-month tin is trading at $14,400.
Copper gained $85 to $6,805 per tonne yesterday after LME-monitored inventories fell for the 12th straight day by 1.1% to 181550 tonnes. Today, 3-month prices are $6,790.
Aluminium is currently priced at $2749 per tonne, zinc at $3,232 and lead at $1,895
http://www.resourceinvestor.com/pebble.asp?relid=30286
Nickel Market to Remain Tight in 2007
By Jon A. Nones
27 Mar 2007 at 04:26 PM GMT-04:00
St. LOUIS (ResourceInvestor.com) -- Nickel for delivery in three months climbed $959, or 2.3%, to $43,159 a tonne in London yesterday, and has risen nearly 30% so far this year. The metal peaked at a record $48,500 on March 16, after gaining 161% in 2006. Currently, nickel is trading at $43,100 on the London Metal Exchange (LME), and analysts see further upside.
Stockpiles monitored by the LME fell 30 tonnes yesterday, or 0.7%, to 4,902 tonnes, the first drop since last Tuesday. Nickel stockpiles were critically low with only 3,702 tonnes available on March 19 on the LME. Market sources estimate two days of nickel supply per global consumption.
Delays at Companhia Vale do Rio Doce’s (CVRD) [NYSE:RIO] Goro project in New Caledonia and BHP Billiton’s [NYSE:BHP] Ravensthorpe project in Australia, two of the world’s largest nickel mines, have been key drivers in the market.
CVRD recently pushed back the start date for Goro to late 2008 or early 2009 from the fourth quarter this year, and raised the estimated cost by 40% to $3 billion.
BHP delayed the planned start of Ravensthorpe to the first quarter of 2008 from the second quarter of 2007, and raised its costs to $2.2 billion from $1.4 billion.
Goro is forecast to produce 60,000 tonnes of nickel a year at full capacity, while the Ravensthorpe mine will produce up to 50,000 tonnes per annum.
Xstrata’s [LSE:XTA] Koniambo project in New Caledonia, acquired from Falconbridge in November 2006, may produce 60,000 tonnes per year, but earliest possible start-up is scheduled for 2009. (Yesterday, Xstrata bid $4 billion for LionOre [LSE:LOR; TSX:LIM], who expects to produce 44,300 tonnes of nickel this year.)
In a market update today, Patricia Mohr, Vice-President, Economics and commodity market specialist at Scotiabank said market remains concerned over only limited prospects for new nickel supply.
She said extraordinary nickel prices reflect strong global stainless steel production, especially in China, where capacity gains will account for 67% of the world increase in 2006 and 2007.
"While stainless steel and nickel prices could edge down at some point this year, a 'super-cycle' is likely for nickel, with prices remaining quite elevated for the next several years," said Mohr.
Nickel is a primary constituent of stainless steel production. Chinese stainless steel production totalled 5.23 million tonnes in 2006, up 59.2% on year and forecast to grow another 40.7% this year.
China imported 3.78 million tonnes of nickel ore last year, a seven-fold increase compared with the previous year, according to statistics released by the General Administration of Customs.
Jinchuan Group, a company that controls 90% of China’s nickel output, said exports would fall this year to 3,000 tonnes because of a government tax to curb overseas shipments. China raised the export tax on refined nickel to 15% from 10% in November.
Macquarie Commodities analyst Jim Lennon told a nickel conference yesterday that nickel cash prices will again rise sharply to average $32,518 a metric tonne during 2007, up from an average $24,271/tonne in 2006.
He said slow supply growth in the nickel market will keep the market tight until 2010, with average 2007 prices forecast to jump 34% on year.
According to Lennon, the market would move to a small surplus of 7,000 tonnes this year, following a large deficit of 51,000 tonnes in 2006. However, stronger demand growth of 7.4% during 2008 will absorb growth of 7.3% in output, keeping the market tight, he added.
Yesterday, William Adams, metals analysts for BaseMetals.com, said in an e-mailed note that he remained “very wary of nickel.”
Today, he reiterated that he “would not be surprised to see some short term dips or sideways trading in the near term,” but said overall we remain bullish for the metals.
Although there is no nickel fund or ETF at this time, Van Eck Global’s Market Vectors - Steel ETF [AMEX:SLX] follows the American Stock Exchange Steel Index [AMEX:^STEEL].
The fund is heaviest in CVRD at 14.31%, the world’s largest nickel producer, and Rio Tinto at 12.26%, which announced last year an exploration agreement with Norlisk Nickel, the world’s second largest nickel producer, and is reportedly considering a $2 billion expansion of its nickel production capabilities in Indonesia.
Upon launch in October 2006, the Index and ETF are up approximately 29% over six months and 19% year to date.
Base Metal Prices
Tin advanced $125 to $14,450 per tonne on the LME yesterday, the highest since 1989. Today, 3-month tin is trading at $14,400.
Copper gained $85 to $6,805 per tonne yesterday after LME-monitored inventories fell for the 12th straight day by 1.1% to 181550 tonnes. Today, 3-month prices are $6,790.
Aluminium is currently priced at $2749 per tonne, zinc at $3,232 and lead at $1,895
Big Brother is watching you. Die Chinesen haben ein Auge auf Nickel von den Philippines...
http://www.interfax.cn/displayarticle.asp?aid=22653&slug=CHI…
Jinchuan to develop Philippine nickel mine
Shanghai. March 28. INTERFAX-CHINA - Gansu Province-based Jinchuan Nickel Group, China's largest nickel producer, will conduct a due diligence assessment on a nickel mine in the Philippine province of Palawan, for possible joint exploration with MacroAsia Corporation, a MacroAsia Corporation official told Interfax yesterday
http://www.interfax.cn/displayarticle.asp?aid=22653&slug=CHI…
Jinchuan to develop Philippine nickel mine
Shanghai. March 28. INTERFAX-CHINA - Gansu Province-based Jinchuan Nickel Group, China's largest nickel producer, will conduct a due diligence assessment on a nickel mine in the Philippine province of Palawan, for possible joint exploration with MacroAsia Corporation, a MacroAsia Corporation official told Interfax yesterday
Antwort auf Beitrag Nr.: 28.254.698 von Maigret am 12.03.07 15:07:14Danke maigret
Welcher Broker ist für australien am besten ?
Oder sollte mann Lieber ein im AU suchen.
TIA
Ps Bist du noch in FNI Investiert ?
Welcher Broker ist für australien am besten ?
Oder sollte mann Lieber ein im AU suchen.
TIA
Ps Bist du noch in FNI Investiert ?
Antwort auf Beitrag Nr.: 28.551.064 von matahaari am 28.03.07 21:18:11@matahaari
ich war bisher für Direct-Orders an der ASX bei der Netbank - schlechter Service, teure Gebühren, nicht wirklich zu empfehlen
habe seit dieser Woche ein Depot bei der dänischen Saxo-Bank - sehr freundlich, bisher Top-Service (man spricht deutsch
), Gebühren sind auch o.k., werde heute Nacht zum erstenmal den "Ernstfall" mit einem Rusina Nachkauf proben...
Ich habe meine Positionen in FNI nach knapp 100% in 3-4 Monaten komplett aufgelöst und in Rusina geswitched. Nicht dass ich FNI für schlecht halte - im Gegenteil, aber ich traue Rusina in den nächsten Monaten die bessere Performance zu....
Gruß
Maigret
ich war bisher für Direct-Orders an der ASX bei der Netbank - schlechter Service, teure Gebühren, nicht wirklich zu empfehlen
habe seit dieser Woche ein Depot bei der dänischen Saxo-Bank - sehr freundlich, bisher Top-Service (man spricht deutsch
), Gebühren sind auch o.k., werde heute Nacht zum erstenmal den "Ernstfall" mit einem Rusina Nachkauf proben...Ich habe meine Positionen in FNI nach knapp 100% in 3-4 Monaten komplett aufgelöst und in Rusina geswitched. Nicht dass ich FNI für schlecht halte - im Gegenteil, aber ich traue Rusina in den nächsten Monaten die bessere Performance zu....
Gruß
Maigret
Salü,
Habe mir das Announcement zu dem Acoje-Deal noch mal durchgelesen und festgestellt, dass sich in meine Rusina-Vorstellung ein eigentlich nicht entschuldbarer „Bock“ eingeschlichen.
Wenn man das Announcement genau durchliest, steht da eindeutig, dass es sich den geförderten 5 Mio Tonnen pro Jahr nicht um reines Nickel, sondern „nur“ um Ferro-Nickel handelt.
Der Preis hierfür liegt bei nur ca. 60% des Preises für reinen Nickel. Dafür sollten die Abbaukosten geringer sein, da der Lateriterz on Block abgebaut/geliefert und erst beim Kunden (ich nehme an China) veredelt wird..
Hat auf die Financials natürlich entsprechende Auswirkungen.
Der Umsatz korrigiert sich von 170 Mio USD auf ca. 100 Mio USD/a, davon 50 Mio USD für Rusina.
Ich schätze mal der Bottom-Line Profit dürfte sich dadurch auf ca. 40 Mio AUD reduzieren.
Für eine Company mit 55-60 Mio AUD Marketcap immer noch nicht schlecht – aber auch nicht so phänomenal wie in meinen ursprünglichen Zahlen angegeben…
Mein Kurszziel bis zum Jahresende reduziere ich bei gleichbleibendem Nickel-Preis auf 100%.
Jeder sollte für sein Invest daraus die eigenen Schlüsse ziehen – Meines sieht so aus dass ich von weiteren Nachkäufen Abstand nehme, meine Position aber halte.
Asche über mein Haupt
Maigret
Habe mir das Announcement zu dem Acoje-Deal noch mal durchgelesen und festgestellt, dass sich in meine Rusina-Vorstellung ein eigentlich nicht entschuldbarer „Bock“ eingeschlichen.
Wenn man das Announcement genau durchliest, steht da eindeutig, dass es sich den geförderten 5 Mio Tonnen pro Jahr nicht um reines Nickel, sondern „nur“ um Ferro-Nickel handelt.
Der Preis hierfür liegt bei nur ca. 60% des Preises für reinen Nickel. Dafür sollten die Abbaukosten geringer sein, da der Lateriterz on Block abgebaut/geliefert und erst beim Kunden (ich nehme an China) veredelt wird..
Hat auf die Financials natürlich entsprechende Auswirkungen.
Der Umsatz korrigiert sich von 170 Mio USD auf ca. 100 Mio USD/a, davon 50 Mio USD für Rusina.
Ich schätze mal der Bottom-Line Profit dürfte sich dadurch auf ca. 40 Mio AUD reduzieren.
Für eine Company mit 55-60 Mio AUD Marketcap immer noch nicht schlecht – aber auch nicht so phänomenal wie in meinen ursprünglichen Zahlen angegeben…
Mein Kurszziel bis zum Jahresende reduziere ich bei gleichbleibendem Nickel-Preis auf 100%.
Jeder sollte für sein Invest daraus die eigenen Schlüsse ziehen – Meines sieht so aus dass ich von weiteren Nachkäufen Abstand nehme, meine Position aber halte.
Asche über mein Haupt
Maigret
Antwort auf Beitrag Nr.: 28.588.465 von Maigret am 30.03.07 17:30:29Hallo Maigret!
Damit hast Du schon im voraus beantwortet, was ich Dich fragen wollte. Also habe ich das richtig gesehen. Ist aber immer gut, wenn man das bestätigt bekommt.
Gruss und schönes WE
s.
Damit hast Du schon im voraus beantwortet, was ich Dich fragen wollte. Also habe ich das richtig gesehen. Ist aber immer gut, wenn man das bestätigt bekommt.
Gruss und schönes WE
s.
Antwort auf Beitrag Nr.: 28.588.465 von Maigret am 30.03.07 17:30:29Ist ja echt schön, das auch dir so ein Fehler unterläuft nachdem du mich letztes Jahr mit Skeena so niedergemacht hast.
Erst pushen und dann den Schwanz einziehen, so ist halt das Leben.
Erst pushen und dann den Schwanz einziehen, so ist halt das Leben.
Antwort auf Beitrag Nr.: 28.651.025 von MickyMouse1 am 04.04.07 06:57:05
Der war gut....
Du hat einen überteuerten Ecuador-Explorer noch bei Kursen um 0,75 CAD gepusht und von Vervielfacher gesprochen. Ich habe Dir dann gesagt dass wir die 0,2X CAD sehen. Ich muß Dir nicht erzählen wie die Geschichte ausging...
Wer sich das antun möchte Thread-Nr: 1068654
Und jetzt willst Du dass allen Ernstes mit einer Company vergleichen die ab Ende des Jahres einen Großteil Ihrer Marketcap verdienen wird. Junge Junge, dass muß man sich auf der Zunge zergehen lassen.....
Bin gerne bereit mir Dir ne Wette um ein exquisites Fläschen Wein einzugehen dass wir bei Rusina auf Jahressicht den Verdoppler haben werden.
Wenn Du Die Eier hierfür hast schick mir ne BM, dann fixen wir dass über einen Dritten hier im Board. Wenn nicht nen schönen Tag...
Der war gut....
Du hat einen überteuerten Ecuador-Explorer noch bei Kursen um 0,75 CAD gepusht und von Vervielfacher gesprochen. Ich habe Dir dann gesagt dass wir die 0,2X CAD sehen. Ich muß Dir nicht erzählen wie die Geschichte ausging...
Wer sich das antun möchte Thread-Nr: 1068654
Und jetzt willst Du dass allen Ernstes mit einer Company vergleichen die ab Ende des Jahres einen Großteil Ihrer Marketcap verdienen wird. Junge Junge, dass muß man sich auf der Zunge zergehen lassen.....
Bin gerne bereit mir Dir ne Wette um ein exquisites Fläschen Wein einzugehen dass wir bei Rusina auf Jahressicht den Verdoppler haben werden.
Wenn Du Die Eier hierfür hast schick mir ne BM, dann fixen wir dass über einen Dritten hier im Board. Wenn nicht nen schönen Tag...
Antwort auf Beitrag Nr.: 28.651.084 von Maigret am 04.04.07 07:19:18Was sind Verdoppler...
Damit würde ich nicht soviel Wind machen. Also wir können die Wette bei einem Verzehnfacher machen, Verdoppler habe ich dieses Jahr schon ein paar, das ist ja langweilig. Aber auf einen Verzehnfacher hier innerhalb von Jahresfrist, wirst du ja sicherlich nicht wetten wollen, dafür fehlt dir dann der Mut.
Damit würde ich nicht soviel Wind machen. Also wir können die Wette bei einem Verzehnfacher machen, Verdoppler habe ich dieses Jahr schon ein paar, das ist ja langweilig. Aber auf einen Verzehnfacher hier innerhalb von Jahresfrist, wirst du ja sicherlich nicht wetten wollen, dafür fehlt dir dann der Mut.
Antwort auf Beitrag Nr.: 28.652.551 von MickyMouse1 am 04.04.07 09:41:05Mir reichen Verdoppler völlig aus. Gier ist ein ganz schlechter Ratgeber an der Börse.
Sei froh über Deine „langweiligen Verdoppler“. Bei den von Dir gepushten Verlieraktien wie Skeena und Vorsichhindümplern wie Mexivada wirst Du Die auch brauchen um halbwegs Deinen Schnitt zu machen….
Sei froh über Deine „langweiligen Verdoppler“. Bei den von Dir gepushten Verlieraktien wie Skeena und Vorsichhindümplern wie Mexivada wirst Du Die auch brauchen um halbwegs Deinen Schnitt zu machen….
Antwort auf Beitrag Nr.: 28.653.710 von Maigret am 04.04.07 10:37:15Warten wir erst einmal ab ob Skeena wirklich eine Verliereraktie wird, bei dieser Aktie ist noch nicht allertage Abend.
Von Mexivada nehme ich an hast du keinerlei Ahnung, wir werden hier sehen wo wir Ende des Jahres stehen werden.
Und deiner Looseraktie scheinst du ja nicht wirklich was zuzutrauen. Nur ein Verdoppler, den habe ich dieses Jahr schon ein paar mal gemacht. Sowas ist langweilig und fad, wenn das alles ist was du zu bieten hast, dann verstehe ich wirklich nicht warum du dich letztes Jahr auf dem Skeena-Board so aufgeregt hast, dort hatten wir zeitweilig auch einen Verdoppler und werden den wieder sehen.
Von Mexivada nehme ich an hast du keinerlei Ahnung, wir werden hier sehen wo wir Ende des Jahres stehen werden.
Und deiner Looseraktie scheinst du ja nicht wirklich was zuzutrauen. Nur ein Verdoppler, den habe ich dieses Jahr schon ein paar mal gemacht. Sowas ist langweilig und fad, wenn das alles ist was du zu bieten hast, dann verstehe ich wirklich nicht warum du dich letztes Jahr auf dem Skeena-Board so aufgeregt hast, dort hatten wir zeitweilig auch einen Verdoppler und werden den wieder sehen.
Antwort auf Beitrag Nr.: 28.653.931 von MickyMouse1 am 04.04.07 10:48:51Komm laß mal gut sein. Es hat mir zugegebenermaßen großen Spaß gemacht Dich letztes Jahr bei Skeena an der Nase herumzuführen. Aber mittlerweile langweilst Du mich. 
Ausbruck
Buy 80T
34 Last
34.5
8.5 32.7%
1:04 pm High
40 Open
28.5 Volume
2,778,279
34.5
Sell 4.4T Low
28.5 Prev. Close
26 Turnover
$936,455
Buy 80T
34 Last
34.5
8.5 32.7%
1:04 pm High
40 Open
28.5 Volume
2,778,279
34.5
Sell 4.4T Low
28.5 Prev. Close
26 Turnover
$936,455
Schlußkurs 36,5 AUD
Und das ohne News
Something is cooking....
In London werden 15,50 Pence gezahlt, umgerechnet 37,25 AUD.
In Kleinstmengen wird dort eingesammelt was am Markt ist.
oder größere Adressen sammeln weiter ein, so wie der WF Asian Fund der kürzlich seine Erhöhung der Beteiligung von 5,5 auf 6,8% gemeldet hat....
Und das ohne News
Something is cooking....In London werden 15,50 Pence gezahlt, umgerechnet 37,25 AUD.
In Kleinstmengen wird dort eingesammelt was am Markt ist.
oder größere Adressen sammeln weiter ein, so wie der WF Asian Fund der kürzlich seine Erhöhung der Beteiligung von 5,5 auf 6,8% gemeldet hat....
Antwort auf Beitrag Nr.: 28.897.689 von Maigret am 19.04.07 13:11:34# 21 Hallo Maigret
Läuft ja ausgezeichnet . Fühle mich "verpflichtet" meine Erhöhung von 40 K auf 50 K auch mitzuteilen.. Ist hoffentlich nicht die Ursache für den starken Kursanstieg .
Werde die Mods mal bitten, diesen Thread mit der Aktie zu verlinken, vielleicht klappts ja.
Gruß Looe
Läuft ja ausgezeichnet . Fühle mich "verpflichtet" meine Erhöhung von 40 K auf 50 K auch mitzuteilen.
. Ist hoffentlich nicht die Ursache für den starken Kursanstieg .Werde die Mods mal bitten, diesen Thread mit der Aktie zu verlinken, vielleicht klappts ja.
Gruß Looe
Antwort auf Beitrag Nr.: 28.926.695 von Looe am 20.04.07 22:06:32Heute 0,39 Aus $ , das wären schon fast die ersten 100 %, bezogen auf den kaufkurs von 0,20 $.
Gruß Looe
Gruß Looe
Antwort auf Beitrag Nr.: 28.927.043 von Looe am 20.04.07 22:19:55Gratuliere Looe, da warst Du noch ein paar Cent günstiger dran als Ich. Ging schneller als erwartet. Aber die Party ist glaube ich noch nicht zu Ende.... Ein paar Drinks sind da noch drin
Antwort auf Beitrag Nr.: 28.927.356 von Maigret am 20.04.07 22:35:03# 24
Denke auch, daß wir da noch ein "Schnäpschen" drauflegen werden.
Werde kein Stück verkaufen. "Buy cheap, sell never"
Denke auch, daß wir da noch ein "Schnäpschen" drauflegen werden.
Werde kein Stück verkaufen. "Buy cheap, sell never"
http://www.news.com.au/adelaidenow/story/0,22606,21621880-91…
Philippines welcome matCAMERON ENGLAND
April 26, 2007 02:15am
Article from: Font size: + -
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AUSTRALIAN mining firms should not be wary of looking north to the Philippines for development opportunities, Austrade's Manila-based senior trade commissioner Alan Morrell says.
Mr Morrell is in Australia this week to talk to mining and mining services companies about the potential in the Philippines.
He said there were already 12 Australian companies in various stages of development in the Philippines and Swiss mining house Xstrata had recently exercised its option to take control of the $2 billion Tampakan copper and gold project.
Mr Morrell said recent tax reforms had boosted the country's prospects and ratings agencies such as Standard and Poor's had upgraded the outlook for the country in recent years.
S&P revised its outlook on the Philippines long-term rating to stable from negative in early 2006, with a credit rating of BB-. "A lot of international banks have been coming out and saying, at a macro level, things have been improving," Mr Morrell said.
"I've seen a tangible change with, for example, movement on some projects which were off the books for a while."
Mr Morrell said the Philippines was very minerals-rich. "The potential, looking at it geologically, we've only scratched the surface," he said.
"It's got some of the biggest copper deposits in the world, it's got significant gold reserves, it's got massive amounts of nickel, it's got chromite."
Mr Morrell said Australian companies had been active in the Philippines for 20 years and that the Philippines Chamber of Mines considered Australia as its natural partner.
He said the country was trying to align itself with international best practice in areas such as permitting and royalty regimes to attract foreign companies.
"They have some fairly ambitious targets. They would like to attract $A7.8 billion in mining projects over the next five years. The number they are saying has already come in is $A845 million.
Mr Morrell said security was an issue in some parts of the southern island of Mindanao, which is well known for terrorist activity, but it was manageable, as evidenced by Xstrata's entry into the country.
Western Australian company Rusina Mining has a nickel projec…
Other companies involved in the Philippines include Lafayette Mining and gold and zinc hopeful Red 5.
Philippines welcome matCAMERON ENGLAND
April 26, 2007 02:15am
Article from: Font size: + -
Send this article: Print Email
AUSTRALIAN mining firms should not be wary of looking north to the Philippines for development opportunities, Austrade's Manila-based senior trade commissioner Alan Morrell says.
Mr Morrell is in Australia this week to talk to mining and mining services companies about the potential in the Philippines.
He said there were already 12 Australian companies in various stages of development in the Philippines and Swiss mining house Xstrata had recently exercised its option to take control of the $2 billion Tampakan copper and gold project.
Mr Morrell said recent tax reforms had boosted the country's prospects and ratings agencies such as Standard and Poor's had upgraded the outlook for the country in recent years.
S&P revised its outlook on the Philippines long-term rating to stable from negative in early 2006, with a credit rating of BB-. "A lot of international banks have been coming out and saying, at a macro level, things have been improving," Mr Morrell said.
"I've seen a tangible change with, for example, movement on some projects which were off the books for a while."
Mr Morrell said the Philippines was very minerals-rich. "The potential, looking at it geologically, we've only scratched the surface," he said.
"It's got some of the biggest copper deposits in the world, it's got significant gold reserves, it's got massive amounts of nickel, it's got chromite."
Mr Morrell said Australian companies had been active in the Philippines for 20 years and that the Philippines Chamber of Mines considered Australia as its natural partner.
He said the country was trying to align itself with international best practice in areas such as permitting and royalty regimes to attract foreign companies.
"They have some fairly ambitious targets. They would like to attract $A7.8 billion in mining projects over the next five years. The number they are saying has already come in is $A845 million.
Mr Morrell said security was an issue in some parts of the southern island of Mindanao, which is well known for terrorist activity, but it was manageable, as evidenced by Xstrata's entry into the country.
Western Australian company Rusina Mining has a nickel projec…
Other companies involved in the Philippines include Lafayette Mining and gold and zinc hopeful Red 5.
Antwort auf Beitrag Nr.: 29.003.735 von Maigret am 25.04.07 21:46:09Buy 20.9T
54 Last
54.5
10.5 23.9%
2:04 pm High
57 Open
48 Volume
3,694,297
55
Sell 17T Low
48 Prev. Close
44 Turnover
$1,903,553
Empfehlung vor 1,5 Monaten bei 0,245
Seitdem +120%
Da du ja sicher hier mitliest Mickey: Schöne Grüße und immer den Schaum vorm Mund abwischen.
54 Last
54.5
10.5 23.9%
2:04 pm High
57 Open
48 Volume
3,694,297
55
Sell 17T Low
48 Prev. Close
44 Turnover
$1,903,553
Empfehlung vor 1,5 Monaten bei 0,245
Seitdem +120%
Da du ja sicher hier mitliest Mickey: Schöne Grüße und immer den Schaum vorm Mund abwischen.
Antwort auf Beitrag Nr.: 29.007.425 von Maigret am 26.04.07 06:29:20heute in "hotcopper" an 5. Stelle unter den 10 meistdiskutierten Aktien an der asx. Der user " macrae 12" (kenne den typ nicht) schrieb " ...will be triple figures in weeks. I`ve put my money where my mouth ist .."
Gruß Looe
Gruß Looe
Antwort auf Beitrag Nr.: 28.588.465 von Maigret am 30.03.07 17:30:29Der Preis hierfür liegt bei nur ca. 60% des Preises für reinen Nickel
Hast du die 60% irgendwo her oder ist das eine Schätzung von dir ?
Ich wollte ein anderes Unternehmen bewerten, kann aber keine vernünftige Quelle für die Preise bei solchen direct-shipping-Projekten finden.
Gruß Cutter
Hast du die 60% irgendwo her oder ist das eine Schätzung von dir ?
Ich wollte ein anderes Unternehmen bewerten, kann aber keine vernünftige Quelle für die Preise bei solchen direct-shipping-Projekten finden.
Gruß Cutter
Antwort auf Beitrag Nr.: 29.082.495 von Cutter_Slade am 01.05.07 17:05:04FAZ-Artikel von März
http://www.faz.net/s/Rub58BA8E456DE64F1890E34F4803239F4D/Doc…
Auszug:
"Bei den Edelstahlproduzenten trieb der jüngste Preisanstieg die Kosten rapide in die Höhe. Den Einsatz des Ersatzstoffs Ferro-Nickel wird damit immer attraktiver: Das Material kostet 40 Prozent weniger als raffiniertes Nickel. China stellt Ferro-Nickel aus Lateriterzen her, die von den Philippinen und aus Neukaledonien eingeführt werden."
Meine korrigierte Aussage von 100 Mio USD Umsatz bzw. 50 Mio USD für Rusina, basiert aber auf Unternehmensangaben von Rusina selbst. Im Acoje Announcement, wird von 18-29 USD je Tonne Erz gesprochen. Ich bin ans untere Ende der Skala und habe 20 USD Erlös je Tonne in der Kalkulation angesetzt.
Wenn man die Nickel-Grades ansetzt, liegt der %-Anteil sogar deutlich unter den 60%. Wahrscheinlich ist in der FAZ-Aussage noch der Schmelzprozeß in China mit in den Kosten berücksichtigt.
Ich denke mit 20 USD/T solltest Du aber auch bei Deinem Peer kalkulieren können.
http://www.faz.net/s/Rub58BA8E456DE64F1890E34F4803239F4D/Doc…
Auszug:
"Bei den Edelstahlproduzenten trieb der jüngste Preisanstieg die Kosten rapide in die Höhe. Den Einsatz des Ersatzstoffs Ferro-Nickel wird damit immer attraktiver: Das Material kostet 40 Prozent weniger als raffiniertes Nickel. China stellt Ferro-Nickel aus Lateriterzen her, die von den Philippinen und aus Neukaledonien eingeführt werden."
Meine korrigierte Aussage von 100 Mio USD Umsatz bzw. 50 Mio USD für Rusina, basiert aber auf Unternehmensangaben von Rusina selbst. Im Acoje Announcement, wird von 18-29 USD je Tonne Erz gesprochen. Ich bin ans untere Ende der Skala und habe 20 USD Erlös je Tonne in der Kalkulation angesetzt.
Wenn man die Nickel-Grades ansetzt, liegt der %-Anteil sogar deutlich unter den 60%. Wahrscheinlich ist in der FAZ-Aussage noch der Schmelzprozeß in China mit in den Kosten berücksichtigt.
Ich denke mit 20 USD/T solltest Du aber auch bei Deinem Peer kalkulieren können.
Antwort auf Beitrag Nr.: 29.086.412 von Maigret am 01.05.07 20:25:46Ich denke mit 20 USD/T solltest Du aber auch bei Deinem Peer kalkulieren können
Danke, ich hab inzwischen (auch) doch noch was gefunden: in der Nickel-Studie von Fox Davies Capital steht was von "15% Nickel content payment". Das wären bei 1% Ni-Gehalt (recovery vernachlässigt) und aktuellen Ni-Preisen USD 75/t, bei konservativeren 20.000 $/t Nickel etwa USD 30,-/t. Kommt also in etwa hin.
Aber sag mal, in #1 schreibst du 5 Mio t über 5 Jahre, also 1 Mio t p.a.; und in #11 bei deiner Neurechnung 5 Mio t/Jahr Förderung... ??? Ich hab auch nur die Info 5 Mio t über 5 Jahre gefunden...
Gruß Cutter
Danke, ich hab inzwischen (auch) doch noch was gefunden: in der Nickel-Studie von Fox Davies Capital steht was von "15% Nickel content payment". Das wären bei 1% Ni-Gehalt (recovery vernachlässigt) und aktuellen Ni-Preisen USD 75/t, bei konservativeren 20.000 $/t Nickel etwa USD 30,-/t. Kommt also in etwa hin.
Aber sag mal, in #1 schreibst du 5 Mio t über 5 Jahre, also 1 Mio t p.a.; und in #11 bei deiner Neurechnung 5 Mio t/Jahr Förderung... ??? Ich hab auch nur die Info 5 Mio t über 5 Jahre gefunden...
Gruß Cutter
Du hast recht, es sind natürlich 5 Mio Tonnen über den gesamten Zeitraum von 5 Jahren..
Ich glaube ich halte nach diesen Klöpsen zu Rusina jetzt lieber meine Klappe….
Ich glaube ich halte nach diesen Klöpsen zu Rusina jetzt lieber meine Klappe….
Trading Halt
Hallo,
ist noch jemand hier dabei?
Ist eure Einschätzung zu diesem Wert immer noch so positiv?
ist noch jemand hier dabei?
Ist eure Einschätzung zu diesem Wert immer noch so positiv?
Antwort auf Beitrag Nr.: 31.369.275 von Schnuckelinchen am 02.09.07 21:18:39Der Kurs kam heute Nacht unter grösseren Umsätzen runter. Obwohl ich den Anlass dafür (noch) nicht kenne erscheint mir der Wert zunehmend attraktiv.
Antwort auf Beitrag Nr.: 31.996.165 von Schnuckelinchen am 15.10.07 12:08:01Ich habe Rusina nicht weiter verfolgt, bin aber seit August in European Nickel investiert und weiß, dass ENickel sich an Rusina resp. am Acoje-Projekt beteiligt hat, um ihre kostengünstige Leaching-Technologie auch an den philippinischen Lateriten auszutesten. Wenn das klappen sollte, kann dort statt per Direktverschiffung ein Werk analog Caldag aufgebaut werden, die Tonnage ist ähnlich, der Metallgehalt nur etwas geringer (0,95% ggü. 1,14 % bei Caldag).
Werde mich perspektivisch mal (wieder) mit Rusina beschäftigen.
Gruß Cutter
Werde mich perspektivisch mal (wieder) mit Rusina beschäftigen.
Gruß Cutter
Da geht der Wert heute Nacht um fast 50 Prozent nach oben und keiner merkts
Na gut, mache ich eben alleine Party
Na gut, mache ich eben alleine Party
J Rusina Mining: Saprolite Bulk Sample Shipment Underway
01.11.07 11:24:00- APIN
Edited Press Release
LONDON (Dow Jones)--Rusina Mining Thursday announced its quarterly report for
the period 30 September 2007.
HIGHLIGHTS DURING QUARTER
* Strategic share placement to European Nickel and DMCI
* Saprolite bulk sample shipment underway
* Drilling of Acoje saprolites almost complete
* Assay results confirm significant nickel grades across wide intersections
* Significant progress on construction of purpose built port.
* DSO shipments to start November 2007
* Confirmation of Falconbridge data on Zambales Chromite property
On Jul. 17 at a general meeting of the Company, shareholders approved a
strategic placement to DMCI Holdings Inc. for US$1.2 million and to European
Nickel PLC for GBP1.0 million, resulting in a cash inflow of approximately $3.7
million at the equivalent of $0.40 per share.
During the quarter a total of 1.23 million Mar. 31, 2008 options and 0.84
million unlisted options were exercised, resulting in a cash inflow to the
Company of $0.42 million.
At the end of August the Company commenced a process to purchase all parcels
of shares that were less than a marketable parcel. This offer was made to 1,425
holders (41.9% of all shareholders) who held 1,582 shares or less as of 21
August. This process will be completed by early November.
The Direct Shipping laterite Ore (DSO) market for low grade nickel limonite
remains suppressed whilst the reported stockpiled low grade ore in China is
being consumed. DMCI Holdings Inc., the Company's partner in its direct ship
operation, advises that the market for higher grade limonite remains firm for
ore grades similar to that being transported to DMCI's purpose built port at
Santa Cruz.
The production of nickel pig iron continues to have an important impact on the
nickel supply-demand balance. China's production of nickel pig iron in the
first seven months of 2007 was over 46,000t ahead of the level one year
earlier. There will continue to be a market for limonite DSO over the
foreseeable future for companies with good quality control, high and low
grades, the ability to ship all year, and proximity to market.
Higher grade saprolite ore is used in ferronickel smelters and as such the
market has constant demand and significant longetivity. There is a significant
quantity of saprolite ore on the Acoje tenement however this has not yet been
measured to a JORC standard. Rusina is now finalising its saprolite drill
program and anticipates being in a position to announce a JORC resource
estimate for this material by December 2007.
As announced in September, DMCI have finalised a bulk sample saprolite
shipment. This shipment was to have been sent to three prospective purchasers
however the sample size requirement from the buyers has increased and the sale
has been made to one Chinese buyer. DMCI have advised that the shipment size
has been doubled over that previously advised, to 1,000 tonnes of 1.8%
material, and down payment has been received. This ore is being loaded for
shipment in two 500t. amounts on November 8 and November 15.
As a broad rule of thumb, the pricing of nickel laterites fob/dry from the
Philippines is 10 times the nickel grade. Therefore 1.0% Ni grade pays 10% LME,
1.5%Ni grade pays 15% LME etc. So a 1.3% shipment at 30% moisture, at a nickel
price of $US30,000/t LME would be $US35.49 per dmt. Currently lower grade
laterites are being bid at a 1 to 2% discount to this pricing mechanism due to
recent increases in shipping costs. Rusina/DMCI have current firm offers at
discount prices for material presently stockpiled at the Santa Cruz port for
delivery in November.
Nickel laterites with grades greater than 1.4% Ni continue to command prices
based on the above pricing formulae, and can command premium prices based on
favourable additional parameters such as higher iron content, lower moisture
content, or even best practices in environment and community relations. Rusina/
DMCI are in negotiations with buyers seeking long-term contracts that will be
finalised shortly.
In March of this year DMCI Holdings Inc. and the Company entered into an
alliancing Direct Ship Ore (DSO) agreement wherein DMCI are responsible for all
funding, mining, grade control, rehabilitation, road and port developments as
well as the marketing and sales obligations of 5Mt of Ore.
During the quarter, DMCI made considerable progress constructing the main pier
at the Santa Cruz export port. DMCI have completed the compacted graded fill,
and are currently finalising the placement of the concrete interlocking
vertical fending and re-enforced concrete sea mats that will form a permanent
sloping loading ramp for the LCT's. This permanent vertical fending will allow
direct loading of small ships directly at the pier. At a later date, presently
scheduled for next year, DMCI have advised that they intend to construct an
extended conveyor loading system that can directly load larger 50,000t ships
secured to berthing dolphins a short distance further out from the pier.
The ports construction has been undertaken through the monsoon season, which
this year was significantly longer and wetter than usual across most of South
East Asia. The usual monsoon season is July through to October, which did not
allow DMCI sufficient time to ensure all-weather trafficability of the mine to
port road. As such, mining operations have been quite restricted during the
September quarter. With dryer weather now approaching, production is increasing
in line with upcoming shipping requirements. The haul and mine roads will be
upgraded to "all-weather" this dry season, to ensure minimal interruptions next
wet season.
With the nickel laterite market trending towards demand for higher grade
material, the mine plan has been reconfigured to allow various grades to be
mined and stockpiled at the 7 ha stockpile area at the Santa Cruz port.
Currently grades greater than 1.3% Ni are being trucked to port whilst less
than 1.3% material is being stockpiled at the mine.
Investigation into the feasibility of constructing a ferronickel facility at
DMCI's Semirara Coal Mine located on the small Semirara Island continued during
the quarter. Rusina / DMCI made several field visits to review existing Rotary
Kiln and Arc Furnace that produce >20% Ni ferronickel. DMCI have appointed a
consultant to complete the feasibility study. Completion of the resource
inventory for the saprolite is an important input to the study.
During the quarter, EN and Rusina commenced many of the permitting and study
processes to construct a trial heap leach facility at the Acoje mine site.
Column test work on various Acoje ores is being undertaken at EN's Caldag
facility in Turkey. Initial results from the test work are showing very
encouraging nickel recoveries after 30 days leaching. These tests will continue
through a full leach cycle and will be used to design the larger pilot pads at
Acoje.
European Nickel are considered leaders in the industry on heap leach
technology having successfully demonstrated the process in their Caldag project
in Turkey which is in the final stages of permitting prior to moving to full
scale production.
The agreement with European Nickel has secured the long term strategy on
nickel for Rusina shareholders. Should heap leach be feasible on Acoje
laterites the low operating cost ($U.S. 2.00/lb or $U.S. 4,400 / t Ni) with
significantly lower capital requirements than HPAL ensures that heap leach
operations will remain very profitable under all long term nickel price
projections currently being forecast. Both European Nickel and Rusina believe
the current Acoje resource can sustain an operation equivalent to that at
Caldag (20,000 tonnes nickel production per year) however ongoing exploration
and property expansion can significantly improve this capacity.
The Company has received assay results for a further 124 diamond drill holes
located at the H3, Poetico, Airstrip and Malimlim prospects. The current
program is projected to be completed by the first week of November when
approximately 282 drill holes will have been completed. Some drill holes have
been cancelled from the program due to topographical access issues.
The new MDH series of drilling applies to the Malimlim and Airstrip areas. All
previous saprolite drilling results relate to the H3 area and are designated
LDH series.
(MORE TO FOLLOW) Dow Jones Newswires
01-11-07 1024GMT
Copyright (c) 2007 Dow Jones & Company, Inc.
01.11.07 11:24:00- APIN
Edited Press Release
LONDON (Dow Jones)--Rusina Mining Thursday announced its quarterly report for
the period 30 September 2007.
HIGHLIGHTS DURING QUARTER
* Strategic share placement to European Nickel and DMCI
* Saprolite bulk sample shipment underway
* Drilling of Acoje saprolites almost complete
* Assay results confirm significant nickel grades across wide intersections
* Significant progress on construction of purpose built port.
* DSO shipments to start November 2007
* Confirmation of Falconbridge data on Zambales Chromite property
On Jul. 17 at a general meeting of the Company, shareholders approved a
strategic placement to DMCI Holdings Inc. for US$1.2 million and to European
Nickel PLC for GBP1.0 million, resulting in a cash inflow of approximately $3.7
million at the equivalent of $0.40 per share.
During the quarter a total of 1.23 million Mar. 31, 2008 options and 0.84
million unlisted options were exercised, resulting in a cash inflow to the
Company of $0.42 million.
At the end of August the Company commenced a process to purchase all parcels
of shares that were less than a marketable parcel. This offer was made to 1,425
holders (41.9% of all shareholders) who held 1,582 shares or less as of 21
August. This process will be completed by early November.
The Direct Shipping laterite Ore (DSO) market for low grade nickel limonite
remains suppressed whilst the reported stockpiled low grade ore in China is
being consumed. DMCI Holdings Inc., the Company's partner in its direct ship
operation, advises that the market for higher grade limonite remains firm for
ore grades similar to that being transported to DMCI's purpose built port at
Santa Cruz.
The production of nickel pig iron continues to have an important impact on the
nickel supply-demand balance. China's production of nickel pig iron in the
first seven months of 2007 was over 46,000t ahead of the level one year
earlier. There will continue to be a market for limonite DSO over the
foreseeable future for companies with good quality control, high and low
grades, the ability to ship all year, and proximity to market.
Higher grade saprolite ore is used in ferronickel smelters and as such the
market has constant demand and significant longetivity. There is a significant
quantity of saprolite ore on the Acoje tenement however this has not yet been
measured to a JORC standard. Rusina is now finalising its saprolite drill
program and anticipates being in a position to announce a JORC resource
estimate for this material by December 2007.
As announced in September, DMCI have finalised a bulk sample saprolite
shipment. This shipment was to have been sent to three prospective purchasers
however the sample size requirement from the buyers has increased and the sale
has been made to one Chinese buyer. DMCI have advised that the shipment size
has been doubled over that previously advised, to 1,000 tonnes of 1.8%
material, and down payment has been received. This ore is being loaded for
shipment in two 500t. amounts on November 8 and November 15.
As a broad rule of thumb, the pricing of nickel laterites fob/dry from the
Philippines is 10 times the nickel grade. Therefore 1.0% Ni grade pays 10% LME,
1.5%Ni grade pays 15% LME etc. So a 1.3% shipment at 30% moisture, at a nickel
price of $US30,000/t LME would be $US35.49 per dmt. Currently lower grade
laterites are being bid at a 1 to 2% discount to this pricing mechanism due to
recent increases in shipping costs. Rusina/DMCI have current firm offers at
discount prices for material presently stockpiled at the Santa Cruz port for
delivery in November.
Nickel laterites with grades greater than 1.4% Ni continue to command prices
based on the above pricing formulae, and can command premium prices based on
favourable additional parameters such as higher iron content, lower moisture
content, or even best practices in environment and community relations. Rusina/
DMCI are in negotiations with buyers seeking long-term contracts that will be
finalised shortly.
In March of this year DMCI Holdings Inc. and the Company entered into an
alliancing Direct Ship Ore (DSO) agreement wherein DMCI are responsible for all
funding, mining, grade control, rehabilitation, road and port developments as
well as the marketing and sales obligations of 5Mt of Ore.
During the quarter, DMCI made considerable progress constructing the main pier
at the Santa Cruz export port. DMCI have completed the compacted graded fill,
and are currently finalising the placement of the concrete interlocking
vertical fending and re-enforced concrete sea mats that will form a permanent
sloping loading ramp for the LCT's. This permanent vertical fending will allow
direct loading of small ships directly at the pier. At a later date, presently
scheduled for next year, DMCI have advised that they intend to construct an
extended conveyor loading system that can directly load larger 50,000t ships
secured to berthing dolphins a short distance further out from the pier.
The ports construction has been undertaken through the monsoon season, which
this year was significantly longer and wetter than usual across most of South
East Asia. The usual monsoon season is July through to October, which did not
allow DMCI sufficient time to ensure all-weather trafficability of the mine to
port road. As such, mining operations have been quite restricted during the
September quarter. With dryer weather now approaching, production is increasing
in line with upcoming shipping requirements. The haul and mine roads will be
upgraded to "all-weather" this dry season, to ensure minimal interruptions next
wet season.
With the nickel laterite market trending towards demand for higher grade
material, the mine plan has been reconfigured to allow various grades to be
mined and stockpiled at the 7 ha stockpile area at the Santa Cruz port.
Currently grades greater than 1.3% Ni are being trucked to port whilst less
than 1.3% material is being stockpiled at the mine.
Investigation into the feasibility of constructing a ferronickel facility at
DMCI's Semirara Coal Mine located on the small Semirara Island continued during
the quarter. Rusina / DMCI made several field visits to review existing Rotary
Kiln and Arc Furnace that produce >20% Ni ferronickel. DMCI have appointed a
consultant to complete the feasibility study. Completion of the resource
inventory for the saprolite is an important input to the study.
During the quarter, EN and Rusina commenced many of the permitting and study
processes to construct a trial heap leach facility at the Acoje mine site.
Column test work on various Acoje ores is being undertaken at EN's Caldag
facility in Turkey. Initial results from the test work are showing very
encouraging nickel recoveries after 30 days leaching. These tests will continue
through a full leach cycle and will be used to design the larger pilot pads at
Acoje.
European Nickel are considered leaders in the industry on heap leach
technology having successfully demonstrated the process in their Caldag project
in Turkey which is in the final stages of permitting prior to moving to full
scale production.
The agreement with European Nickel has secured the long term strategy on
nickel for Rusina shareholders. Should heap leach be feasible on Acoje
laterites the low operating cost ($U.S. 2.00/lb or $U.S. 4,400 / t Ni) with
significantly lower capital requirements than HPAL ensures that heap leach
operations will remain very profitable under all long term nickel price
projections currently being forecast. Both European Nickel and Rusina believe
the current Acoje resource can sustain an operation equivalent to that at
Caldag (20,000 tonnes nickel production per year) however ongoing exploration
and property expansion can significantly improve this capacity.
The Company has received assay results for a further 124 diamond drill holes
located at the H3, Poetico, Airstrip and Malimlim prospects. The current
program is projected to be completed by the first week of November when
approximately 282 drill holes will have been completed. Some drill holes have
been cancelled from the program due to topographical access issues.
The new MDH series of drilling applies to the Malimlim and Airstrip areas. All
previous saprolite drilling results relate to the H3 area and are designated
LDH series.
(MORE TO FOLLOW) Dow Jones Newswires
01-11-07 1024GMT
Copyright (c) 2007 Dow Jones & Company, Inc.
DJ Rusina Mining: Saprolite Bulk Sample Shipment Underway -2-
01.11.07 11:25:00- APIN
Edited Press Release
The substantial widths of mineralisation and the consistency of the assay
results from the drilling are highly encouraging and indicate that a
significant resource at Acoje is continuing to be drilled. Further excellent
results are expected from the Malimlim area, where previous test pitting
indicated it to be the most prospective zone. The last set of assay results
included the last drill hole MDH-050 with 10 million at 2.0% Ni.
Further to the previous reports on the prospective nature of the Zambales
Chromite tenement, Rusina is planning to carry out significant exploration
during the final quarter of 2007 to establish the resources present in the
area. Initial investigation of the previous test pit data has included 114 new
samples taken from 35 test pits and there is generally very good correlation in
the data between the new resample assays and the old test pit assays. Further
re-excavation and re-assaying of a selection of the previous 348 test pits on
the ZCMCI property is necessary, as well as accurately surveying all previous
test pit sites, with a view to produce a JORC resource estimate of the limonite
zone concurrent with the Acoje resource update.
It is expected that European Nickel and DMCI shall take up their request
percentages on this property following due diligence.
Now that much of the nickel laterite development work is coming to an end and
cash flow from direct shipping is imminent, the Company is revisiting the
chromite and PGM mineralisation. This includes a more detailed evaluation of
the chromite resources present at Acoje, with much of the drilling data from
the 1950s to 1970s data having been entered into a database. This data is
currently being formatted for use in 3D modelling software so as to better
establish the resources present at the mine site. A comprehensive data room is
being established with the aid of third party consultants during the next
quarter. Several companies have expressed interest to review the data with a
view to partnering the future exploration. Independent of such participation
Rusina shall commence a drill program on the PGM drill targets from DSO cash
flow commencing 1st Qtr 2008.
During May the Company announced that it had entered an agreement with DMCI
Holdings Inc that, amongst others, stated that DMCI (60%) and Rusina (40%) were
to form a mining joint venture company where all Rusina's and DMCI's non
Zambales properties would be vended into the yet to be formed subsidiary. These
properties include Rusina's Abogado properties EXPA-00068-XII and
EXPA-00074-XII and DMCI's Mineral Production Sharing Agreement (MPSA)
MPSA-000166-XII in Sultan Kudarat and the Sodaco Agricultural Corporation, a
fully owned subsidiary of DMCI, MPSA application APSA-00008-XI located at South
Cotabato.
The Sodaco Project is located on Mindanao Island, 48 kilometres (km)
north-northwest of General Santos City in Southern Philippines. The tenement,
APSA008-XII, is a total of 3228 hectares (32km2). This property forms part of a
Joint Venture agreement between DMCI (60%) and Fil-Asian SRPC Philippines,
Rusina Mining NL's local subsidiary (40%).
The project boundary lies entirely within the Tampakan FTAA-002-95-X1 and is
900 meters from the world class Tampakan copper-gold deposit with a resource of
2 billion tonnes at 0.72% copper equivalent. The Tampakan copper-gold deposit
is a major high-sulphidation epithermal deposit superimposed on an underlying
porphyry copper system.
The deposit is hosted by a sequence of subaerial andesitic flows related to a
highly eroded andesitic stratovolcanic complex. The Tampakan deposit is located
near the intersection of one of several WNW trending splay structures with a
prominent NNE trending dilational structure, one of many that transect the host
volcanic complex. High sulphidation style copper-gold mineralization at
Tampakan is broadly associated with a flat lying tabular body of pervasive
silica and silica-clay alteration developed within a district scale lithocap of
advanced argillic alteration that extends over an area of 90km2 within the
volcanic complex.
Immediately south (-400 million) of the Sodaco property drilling by WMC
intersected 157.65 million at 0.52 g/t Au and 0.41% Cu from 92.25 meters in
drill hole TMPD57. This intersection is on or near the north striking Pula Bato
Fault corridor, which is a major control on the mineralization at Tampakan.
Rusina will be focusing on drilling the possible northern extension of this
mineralization.
Other prospects within the Sodaco property have been identified based upon
previous work carried out by WMC. Two of these prospects, Salnaong and Bong
Dalol are also proposed to be drilled tested. DMCI have commenced the prior
informed consent process. Rusina is undertaking all the necessary documentation
to complete the Work Programs and the area clearances.
The Abogado Project is located on Mindanao Island in Sultan Kudarat province,
67 kilometres (km) west of General Santos City in Southern Philippines. The
project is held under two Exploration Permit Applications (EXPA) and an MPSA,
for a total area of 7898 hectares (79 km2), This property forms part of a Joint
Venture agreement between DMCI (60%) and Fil-Asian SRPC (40%).
The Abogado Project is located within a sequence of dacitic-andesitic volcanic
lavas and pyroclastics, as well as hornblende diorite and dacite porphyry
intrusive bodies. The area of interest is defined by a northwest trending zone
of pervasive and structurally controlled alteration and mineralization
associated with the dacite lavas and intrusive bodies. The silica-pyrite,
chlorite and sericite alteration areas are extensive within much of the
prospective corridor.
Various types of geochemical sampling have been carried out and soil sampling
results are as high as 2.78 ppm Au and 65.1 ppm Ag, while rock chip samples to
56.7 ppm Au and 349 ppm Ag have been recorded. In terms of base metals several
rock chip samples are greater than 1% for Cu, Pb and/or Zn, with maximum values
to 8.72% Cu, 3.6% Zn and 2.31% Pb.
The Abogado setting is considered favourable for the occurrence of epithermal
gold-silver and base metal mineralization as well as porphyry copper
mineralization. Compilation of the data is underway and a drilling program is
forecast for middle of next year, providing all permits are in place.
An initial field based investigation has been held, this included meetings
with the Indigenous Peoples regarding an NCIP clearance and the Local
Government Units regarding the progress of our tenement and to address any of
these parties concerns. Publication of the tenement details has also taken
place which notifies the public of our intentions.
Registration of the Deed of Assignment of these P&N properties to Rusina's
subsidiary, Fil-Asian, has taken place. This has recently been approved by the
Regional Director of the Mines and Geoscience Bureau.
The Pan de Azucar project (PDA) is located on Pan de Azucar Island, 112 km.
north-east of Iloilo City, Panay Island, central Philippines. The project is
held through the 1,296 hectare EXPA which has been assigned by P&N Mining to
FASRPC. This property may be vended into the DMCI (60%), FASRPC (40%) at
pro-rata costs.
This tenement surrounds the 535 hectare MPSA held by Minimax Mineral
Exploration Corporation, which is under joint venture with Mindoro Resources
Ltd (Mindoro) earning 75%.
The PDA project covers much of a collapsed caldera structure, where the
dacitic-andesitic caldera-fill package hosts pervasive and structurally
controlled alteration and mineralisation. Structurally controlled gossanous
mineralisation is present within the dacitic units. Various dioritic intrusive
phases have also been reported in the area. The caldera-wall rock-types consist
of unaltered andesite porphyry flow-domes and andesitic non-welded ignimbrites.
This zone of mineralization is stated to be "open to the north for a further
250-300 meters, to the property boundary, where gossanous outcrops are
present." Mapping reveals that gossanous outcrops are present within the Rusina
tenement, which is north of the prospect held by Mindoro.
The PDA setting is considered favourable for the occurrence of bonanza
low-sulphidation gold-silver mineralization and porphyry copper mineralization.
Detailed exploration of this project is scheduled to take place in the second
quarter of next year, once the various permits are in place.
The Guimaras project is located on Guimaras Island, 30 km. south of Iloilo
City, Panay Island, central Philippines. It is part of a 2,592 hectare EXPA
previously held by P&N Mining which has been assigned to FASRPC. This property
may be vended into the DMCI (60%), FASRPC (40%) at pro-rata costs.
The Guimaras Project is located within andesitic volcanic lavas and diorite
intrusive bodies which host pervasive and structurally controlled alteration
and mineralization. Silica, clay and pyrite alteration are extensive within
much of the tenement. At this stage, only a stream sediment sampling program is
recorded to have taken place and various anomalies have been generated
requiring further work.
The Guimaras setting is considered favourable for the occurrence of bonanza
low-sulphidation gold-silver mineralization and porphyry copper mineralization.
Detailed exploration of this project is scheduled to take place in the second
quarter of next year, once the various permits are in place.
(END) Dow Jones Newswires
01-11-07 1025GMT
Copyright (c) 2007 Dow Jones & Company, Inc.
01.11.07 11:25:00- APIN
Edited Press Release
The substantial widths of mineralisation and the consistency of the assay
results from the drilling are highly encouraging and indicate that a
significant resource at Acoje is continuing to be drilled. Further excellent
results are expected from the Malimlim area, where previous test pitting
indicated it to be the most prospective zone. The last set of assay results
included the last drill hole MDH-050 with 10 million at 2.0% Ni.
Further to the previous reports on the prospective nature of the Zambales
Chromite tenement, Rusina is planning to carry out significant exploration
during the final quarter of 2007 to establish the resources present in the
area. Initial investigation of the previous test pit data has included 114 new
samples taken from 35 test pits and there is generally very good correlation in
the data between the new resample assays and the old test pit assays. Further
re-excavation and re-assaying of a selection of the previous 348 test pits on
the ZCMCI property is necessary, as well as accurately surveying all previous
test pit sites, with a view to produce a JORC resource estimate of the limonite
zone concurrent with the Acoje resource update.
It is expected that European Nickel and DMCI shall take up their request
percentages on this property following due diligence.
Now that much of the nickel laterite development work is coming to an end and
cash flow from direct shipping is imminent, the Company is revisiting the
chromite and PGM mineralisation. This includes a more detailed evaluation of
the chromite resources present at Acoje, with much of the drilling data from
the 1950s to 1970s data having been entered into a database. This data is
currently being formatted for use in 3D modelling software so as to better
establish the resources present at the mine site. A comprehensive data room is
being established with the aid of third party consultants during the next
quarter. Several companies have expressed interest to review the data with a
view to partnering the future exploration. Independent of such participation
Rusina shall commence a drill program on the PGM drill targets from DSO cash
flow commencing 1st Qtr 2008.
During May the Company announced that it had entered an agreement with DMCI
Holdings Inc that, amongst others, stated that DMCI (60%) and Rusina (40%) were
to form a mining joint venture company where all Rusina's and DMCI's non
Zambales properties would be vended into the yet to be formed subsidiary. These
properties include Rusina's Abogado properties EXPA-00068-XII and
EXPA-00074-XII and DMCI's Mineral Production Sharing Agreement (MPSA)
MPSA-000166-XII in Sultan Kudarat and the Sodaco Agricultural Corporation, a
fully owned subsidiary of DMCI, MPSA application APSA-00008-XI located at South
Cotabato.
The Sodaco Project is located on Mindanao Island, 48 kilometres (km)
north-northwest of General Santos City in Southern Philippines. The tenement,
APSA008-XII, is a total of 3228 hectares (32km2). This property forms part of a
Joint Venture agreement between DMCI (60%) and Fil-Asian SRPC Philippines,
Rusina Mining NL's local subsidiary (40%).
The project boundary lies entirely within the Tampakan FTAA-002-95-X1 and is
900 meters from the world class Tampakan copper-gold deposit with a resource of
2 billion tonnes at 0.72% copper equivalent. The Tampakan copper-gold deposit
is a major high-sulphidation epithermal deposit superimposed on an underlying
porphyry copper system.
The deposit is hosted by a sequence of subaerial andesitic flows related to a
highly eroded andesitic stratovolcanic complex. The Tampakan deposit is located
near the intersection of one of several WNW trending splay structures with a
prominent NNE trending dilational structure, one of many that transect the host
volcanic complex. High sulphidation style copper-gold mineralization at
Tampakan is broadly associated with a flat lying tabular body of pervasive
silica and silica-clay alteration developed within a district scale lithocap of
advanced argillic alteration that extends over an area of 90km2 within the
volcanic complex.
Immediately south (-400 million) of the Sodaco property drilling by WMC
intersected 157.65 million at 0.52 g/t Au and 0.41% Cu from 92.25 meters in
drill hole TMPD57. This intersection is on or near the north striking Pula Bato
Fault corridor, which is a major control on the mineralization at Tampakan.
Rusina will be focusing on drilling the possible northern extension of this
mineralization.
Other prospects within the Sodaco property have been identified based upon
previous work carried out by WMC. Two of these prospects, Salnaong and Bong
Dalol are also proposed to be drilled tested. DMCI have commenced the prior
informed consent process. Rusina is undertaking all the necessary documentation
to complete the Work Programs and the area clearances.
The Abogado Project is located on Mindanao Island in Sultan Kudarat province,
67 kilometres (km) west of General Santos City in Southern Philippines. The
project is held under two Exploration Permit Applications (EXPA) and an MPSA,
for a total area of 7898 hectares (79 km2), This property forms part of a Joint
Venture agreement between DMCI (60%) and Fil-Asian SRPC (40%).
The Abogado Project is located within a sequence of dacitic-andesitic volcanic
lavas and pyroclastics, as well as hornblende diorite and dacite porphyry
intrusive bodies. The area of interest is defined by a northwest trending zone
of pervasive and structurally controlled alteration and mineralization
associated with the dacite lavas and intrusive bodies. The silica-pyrite,
chlorite and sericite alteration areas are extensive within much of the
prospective corridor.
Various types of geochemical sampling have been carried out and soil sampling
results are as high as 2.78 ppm Au and 65.1 ppm Ag, while rock chip samples to
56.7 ppm Au and 349 ppm Ag have been recorded. In terms of base metals several
rock chip samples are greater than 1% for Cu, Pb and/or Zn, with maximum values
to 8.72% Cu, 3.6% Zn and 2.31% Pb.
The Abogado setting is considered favourable for the occurrence of epithermal
gold-silver and base metal mineralization as well as porphyry copper
mineralization. Compilation of the data is underway and a drilling program is
forecast for middle of next year, providing all permits are in place.
An initial field based investigation has been held, this included meetings
with the Indigenous Peoples regarding an NCIP clearance and the Local
Government Units regarding the progress of our tenement and to address any of
these parties concerns. Publication of the tenement details has also taken
place which notifies the public of our intentions.
Registration of the Deed of Assignment of these P&N properties to Rusina's
subsidiary, Fil-Asian, has taken place. This has recently been approved by the
Regional Director of the Mines and Geoscience Bureau.
The Pan de Azucar project (PDA) is located on Pan de Azucar Island, 112 km.
north-east of Iloilo City, Panay Island, central Philippines. The project is
held through the 1,296 hectare EXPA which has been assigned by P&N Mining to
FASRPC. This property may be vended into the DMCI (60%), FASRPC (40%) at
pro-rata costs.
This tenement surrounds the 535 hectare MPSA held by Minimax Mineral
Exploration Corporation, which is under joint venture with Mindoro Resources
Ltd (Mindoro) earning 75%.
The PDA project covers much of a collapsed caldera structure, where the
dacitic-andesitic caldera-fill package hosts pervasive and structurally
controlled alteration and mineralisation. Structurally controlled gossanous
mineralisation is present within the dacitic units. Various dioritic intrusive
phases have also been reported in the area. The caldera-wall rock-types consist
of unaltered andesite porphyry flow-domes and andesitic non-welded ignimbrites.
This zone of mineralization is stated to be "open to the north for a further
250-300 meters, to the property boundary, where gossanous outcrops are
present." Mapping reveals that gossanous outcrops are present within the Rusina
tenement, which is north of the prospect held by Mindoro.
The PDA setting is considered favourable for the occurrence of bonanza
low-sulphidation gold-silver mineralization and porphyry copper mineralization.
Detailed exploration of this project is scheduled to take place in the second
quarter of next year, once the various permits are in place.
The Guimaras project is located on Guimaras Island, 30 km. south of Iloilo
City, Panay Island, central Philippines. It is part of a 2,592 hectare EXPA
previously held by P&N Mining which has been assigned to FASRPC. This property
may be vended into the DMCI (60%), FASRPC (40%) at pro-rata costs.
The Guimaras Project is located within andesitic volcanic lavas and diorite
intrusive bodies which host pervasive and structurally controlled alteration
and mineralization. Silica, clay and pyrite alteration are extensive within
much of the tenement. At this stage, only a stream sediment sampling program is
recorded to have taken place and various anomalies have been generated
requiring further work.
The Guimaras setting is considered favourable for the occurrence of bonanza
low-sulphidation gold-silver mineralization and porphyry copper mineralization.
Detailed exploration of this project is scheduled to take place in the second
quarter of next year, once the various permits are in place.
(END) Dow Jones Newswires
01-11-07 1025GMT
Copyright (c) 2007 Dow Jones & Company, Inc.
Kam bei mir gestern über den Minesite-Newsletter eingeflogen:
"Rusina Mining is currently hitting the headlines as the first shipment of nickel laterite ore has just left its Acoje project in the Philippines on its way to China so cash flow has started. The Acoje property also hosts chromite, nickel sulphides and platinum group metals. European Nickel is earning a 40 per cent interest in the Acoje project which covers the Acoje and Zambales chromite deposits that currently have a combined JORC resource of 831,450 tonnes of contained nickel (72.3 million tonnes at 1.15% nickel). Recent metallurgical testwork on the Acoje deposit I returned positive results, confirming that European Nickel's novel heap leach technology is able to treat equatorial laterites high in clay content."
Deswegen mal ein paar kleine Aktualisierungen,
ich seh hier derzeit nicht wirklich durch
-soll aber noch geändert werden.
(sollte doch -speziell mit gutem Timing- immer noch
hochinteressant sein?!?)
News seit letztem Beitrag(nicht alle)
"Resource-Upgrade", 27.12.
www.asx.com.au/asxpdf/20071224/pdf/316pfdbx9hpxnz.pdf
"Quarterly Activities Report", 31.01.
www.asx.com.au/asxpdf/20080131/pdf/3176fxs0k38ds4.pdf
"MV Mustang commenses loading at Santa Cruz Port", 14.02.
www.asx.com.au/asxpdf/20080214/pdf/317fyfg7tq789w.pdf
"European Nickel Agreement +weitere Schritte", 21.02.
www.asx.com.au/asxpdf/20080221/pdf/317kv3n492x81l.pdf
"Rusina Mining is currently hitting the headlines as the first shipment of nickel laterite ore has just left its Acoje project in the Philippines on its way to China so cash flow has started. The Acoje property also hosts chromite, nickel sulphides and platinum group metals. European Nickel is earning a 40 per cent interest in the Acoje project which covers the Acoje and Zambales chromite deposits that currently have a combined JORC resource of 831,450 tonnes of contained nickel (72.3 million tonnes at 1.15% nickel). Recent metallurgical testwork on the Acoje deposit I returned positive results, confirming that European Nickel's novel heap leach technology is able to treat equatorial laterites high in clay content."
Deswegen mal ein paar kleine Aktualisierungen,
ich seh hier derzeit nicht wirklich durch
-soll aber noch geändert werden.
(sollte doch -speziell mit gutem Timing- immer noch
hochinteressant sein?!?)
News seit letztem Beitrag(nicht alle)
"Resource-Upgrade", 27.12.
www.asx.com.au/asxpdf/20071224/pdf/316pfdbx9hpxnz.pdf
"Quarterly Activities Report", 31.01.
www.asx.com.au/asxpdf/20080131/pdf/3176fxs0k38ds4.pdf
"MV Mustang commenses loading at Santa Cruz Port", 14.02.
www.asx.com.au/asxpdf/20080214/pdf/317fyfg7tq789w.pdf
"European Nickel Agreement +weitere Schritte", 21.02.
www.asx.com.au/asxpdf/20080221/pdf/317kv3n492x81l.pdf
+letzter Research-Report (frisches Update von Fat Prophets)
Im groben wird das starke Resourceupdate sehr positiv aufgenommen,
dann sieht es wohl mit den 'metallurgical testworks' auf Acoje
ziemlich gut aus("...12 were saprolite samples with an average nickel extraction within a short period of 95%...", bei 9weiteren lag die Quote wohl bei 60%), die 'pre-feasibility study' auf Acoje
soll wohl innerhalb von 6 Monaten fertiggestellt werden,
gegen Ende08 soll es im JV ein Resourceupdate auf 'Zambales'
geben +noch 2, 3 andere Sachen, das weitere Potenzial auf
'Acoje' könnte sich eventl. als noch beachtlich -ziemlich groß
herausstellen?!)
www.rusina.com.au/files/resourcesmodule/@random468da20f3e888…
Also ich kann immer nochnicht behaupten hier richtig durchzusehen,
aber m.E. nach, würde ich meinen, daß es doch längerfristig
ziemlich interessant aussehen sollte,
wenn man das nur als Anfang für "ein bisschen Early Cashflow"
sieht...?!?
Im groben wird das starke Resourceupdate sehr positiv aufgenommen,
dann sieht es wohl mit den 'metallurgical testworks' auf Acoje
ziemlich gut aus("...12 were saprolite samples with an average nickel extraction within a short period of 95%...", bei 9weiteren lag die Quote wohl bei 60%), die 'pre-feasibility study' auf Acoje
soll wohl innerhalb von 6 Monaten fertiggestellt werden,
gegen Ende08 soll es im JV ein Resourceupdate auf 'Zambales'
geben +noch 2, 3 andere Sachen, das weitere Potenzial auf
'Acoje' könnte sich eventl. als noch beachtlich -ziemlich groß
herausstellen?!)
www.rusina.com.au/files/resourcesmodule/@random468da20f3e888…
Also ich kann immer nochnicht behaupten hier richtig durchzusehen,
aber m.E. nach, würde ich meinen, daß es doch längerfristig
ziemlich interessant aussehen sollte,
wenn man das nur als Anfang für "ein bisschen Early Cashflow"
sieht...?!?
Rusina’s business plan seems to be unfolding nicely at Acoje, but we’re still at the beginning of the larger story
Plenty of water has flowed under the bridge at Acoje since Proactive last covered Rusina a little over a year ago. Since cash drowns out all other voices, let's start with that.
www.proactiveinvestors.co.uk/articles/art.php?RMLA
Plenty of water has flowed under the bridge at Acoje since Proactive last covered Rusina a little over a year ago. Since cash drowns out all other voices, let's start with that.
www.proactiveinvestors.co.uk/articles/art.php?RMLA
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