Het IJzer-draadje

		Advanced Explorations Iron Ore Projects | Update 2011-11-09 Press Release -  Hall Beach Community Supports Advanced Explorations’ Roche Bay Iron Project. Press Release - Advanced Explorations Inc. Announces $5,000,000 Debenture. Current Melville Peninsula Iron Ore Fact Sheet online. Current Melville Peninsula Iron Ore Presentation online.
	Welcome to Advanced Explorations Inc. Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on its Roche Bay Iron Ore Project in Nunavut, one of the world's largest developing iron ore districts. The Roche Bay Project is located proximal to a natural deep water harbour on the east coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages. The project has an indicated resource of 323 million tonnes, outlined within a small portion of the potential 140 km of banded iron formation. This iron formation incorporates the Roche Bay deposits, the Company's Tuktu deposits and other targeted deposits in areas to the north, south and west of the Company's Roche Bay Project. The preliminary economic assessment from the Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the potential for rapid advancement into development of either iron concentrate or high value iron nugget products. The management team has extensive technical, exploration and Canadian Arctic mining expertise to effectively develop the high quality iron ore opportunities on the Melville Peninsula.  Shares of the company trade at the TSX Venture Exchange (AXI) and at the Frankfurt Stock Exchange(AE6).

Gaat Mindoro eindelijk wat verdienen...???

Mindoro Resources' Scoping Study, PFS boost Agata Nickel Project economicsWednesday, November 02, 2011

Mindoro Resources (TSXV: MIO; ASX: MDO; Frankfurt:WKN 906167) has received positive results from key development studies on the Agata Nickel Project in the Philippines, in which the company has a 75% economic interest.

The Stage 1 Scoping Study indicates improved economics for direct shipping ore (DSO) production and the potential to produce a high-value, upgraded, nickeliron concentrate.

The Stage 2 hydrometallurgical project Pre-feasibility Study (PFS) confirms a low operating cost of US$2.60/lb nickel, a 20-year project with a post-tax NPV of US$380 million and IRR of 14% assuming US$10/lb nickel, 8% discount rate, including estimate contingency of 14% but excluding project contingency.
Importantly, the company now plans to pursue feasibility and permitting of Stage 1 DSO to generate near term cash-flow.
This involves pilot scale thermal-upgrading prior to advancing hydrometallurgical processing options to pilot-scale testing and feasibility study.
In order to progress these options the company is seeking a strategic partner and has appointed key advisor Deloitte Corporate Finance Pty Ltd to assist in securing one.
Jon Dugdale, Mindoro's president and CEO, said "these studies confirm that Agata is a robust, 20-year project with key strategic advantages that allow us to pursue a lower risk path to near term cash-flow production, as well as demonstrating the value of the low-operating cost downstream processing developments.”
The marketing section of the Stage 1 Scoping Study highlighted improved pricing for Mindoro’s potential DSO products, including the emergence of the high-iron (>48% Fe) laterite as an iron-ore substitute.
The improved market and pricing should result in improved DSO economics relative to the preliminary economic assessment (PEA) released March 2011, providing a pathway to near term cash-flow.

Scoping Study
The Scoping Study into production of thermally-upgraded products from the Agata resource indicates that, for a capital cost of US$88 million, 600,000 tonnes per annum (tpa) of thermally upgraded high-iron sinter product could be produced at a cash operating cost of approximately US$32 per tonne of upgraded product (excluding mining costs).
The study also highlighted potential to produce a high-value nickel-iron concentrate of 3-4% Ni, >65% Fe via magnetic separation - a possible nickel-pig-iron substitute.

Pre-feasibility Study
The PFS for the hydrometallurgical processing project confirms a low operating cost, long-life, high-value project that includes:
- Mineral Reserve: 33.7 million tonnes at 1.03% nickel, 0.05% cobalt;
- Minimum 20 year mine life, 17,200 Ni tpa in mixed hydroxide product (38.2% Ni, 2% Co, wet basis);
- Initial capital, including an overall 14% estimate contingency, no project contingency: $940 million;
- Cash operating cost including cobalt and power generation credit of $2.60/ lb of nickel; and
- Post-tax NPV of $380 million at an 8% discount rate and nickel price of $10/lb.

Wordt Cardero eindelijk ontdekt...???

In keeping with the theme of managing risk/reward, I am introducing a company that trades below its cash and investment value yet provides significant leverage to various popular commodities.
Cardero Resource Corp. (T.CDU High of $1.60 since profiled to Ticker Trax subscribers / Amex CDY $1.60) www.cardero.com
Snapshot: A cash-rich resource company with iron ore, titanium and copper projects. And large investments in companies associated with gold, silver, base metals, rare earths and uranium.
Financials as at July 31st
Net Value of Cash & Investments less debt = $1.39/share
Cash $63 million ($1.08/share)
Investments $46 million ($0.78/share)
Accounts payable $800k (-$0.01/share)
Income Tax $27 million (-$0.46/share)
Shares outstanding: 58.6 million

Since financials were last filed for the end of July, Cardero has invested another $9.5 million. Those additional investments are reflected in the total below. Of particular interest, pay attention to the investment in Coalhunter Mining. It appears this could be IPO’d early 2011 and my research indicates that there is tremendous growth potential there (based upon value of publicly-traded peer companies). I have detailed that investment near the end of today’s report (written Wednesday of this week and published Thursday).
Current market value of the investments is as follows:
-- International Tower Hill (TSX: T.ITH) - 4.6 million shares - $36 million
-- Trevali Resources (TSX: T.TV) - 7 million shares - $10 million
-- Wealth Minerals (TSX: V.WML) – 5.0 million - $3 million
-- Dorato Resources (TSX: V.DRI) - 2.2 million - $3 million
-- Coalhunter Mining (Private) – 12 million - $3.6 million
-- Kria Resources (TSX: V.KIA ) – 15 million - $3 million
-- Misc. Investments - $2 million
Cardero (TSX: T.CDU, Stock Forum) and (AMEX: CDY, Stock Forum) invested $9.5 million of its cash but current value of the investments is $60 million or $14 million higher than last quarter. This is a net gain of another $5 million that moves their cash and investment liquidation value (after accounting for income tax payable) to approx. $1.50/share.