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Orion Minerals ORN


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#41 Dusty Mountain

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Posted 04 May 2018 - 01:44 PM

Courtesy of Smart101 Hotcopper, see below:

 

See link to article in Mining Weekly at the bottom - Vedanta has announced that a feasibility study into the development and construction of a zinc smelter-refinery complex at their Gamsberg operation the Northern Cape is under way. The Gamsberg refinery could see a further investment by Vedanta of between US$700-million and US$800-million. 
Gamsberg is not far from the Prieska Project and ore can easily be transported to Gamsberg in the future. The zinc and copper concentrate from Prieska were very sought after by smelters in the past due to low deleterious elements - i.e. very "clean" concentrates making them attractive for smelters or as a blending product for bulk concentrate traders.
The Northern Cape region of SA is poised to become the world's largest zinc supply region and having large player like Vedanta with its Gamsberg operation in the same region as the  Prieska Project, could provide an array of opportunities for the Prieska Project and ORN.

http://www.miningwee...cape-2018-05-02

 


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#42 Dusty Mountain

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Posted 04 May 2018 - 01:42 PM

Regarding mining risks in SA, Vedanta as a large shareholder of Anglo american has requested the  Anglo board not to sell any more mines in SA...

The mining charter is being reviewed with Gwede Mantashe at the Helm and the Government focus under Cyril Ramaphosa is to be investment friendly as we try and turn our economy around.

The fact that under previous President Jacob Zuma, Orion still managed to get this far without any political roadblocks to where they consider "SA`s Prieskas" their flagship project speaks volumes as to their management teams conduct and direction they are taking...goes to show they are either very confident or foolhardy in persisting.

 

Even selling off "Conors Arc", if that doesn`t show commitment I don`t know what will.

As a South african resident I am hopeful and confidence is no longer waning, go Cyril!


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#43 Dusty Mountain

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Posted 04 May 2018 - 01:40 PM

The Prieska project has another exciting prospect, that being the by-product [Cobalt] from copper mining, and we all know that EV`s is creating a market growth curve still in its infancy.ie see TAW tawana resources

Cobalt as a resource is currently limited in its supply and the cost of has has been soaring in the past couple of years.
This is certainly a medium to long term hold that will require patience with production only getting underway in 2022.

Will the sale of "Connors Arc" provide sufficient capital to see it through to production?

 

Definitely not but it should see us through to the completed BFS hopefully. There may be a consideration once the BFS is out to sell "Fraser range" to see us through to production without a need for a CR.

And based on the BFS results the sp rerate should reflect positively or negatively, i`m banking on positively and so is Tembo capital "Tembo Capital is a private equity investment advisor targeting junior and mid-tier mining investment opportunities in emerging markets"
currently holding 19.99% share in Orion, the other large shareholders/ investment co`s incl Tembo hold almost 40%.

 

There is definitely a large vested interest in seeing this project go from strength to strength $$$$


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#44 Bullhunter

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Posted 12 March 2018 - 10:23 AM

Hannam & Partners report 
12/03/2018
 
The market is under-pricing the potential for low-capital-intensity, high-returning growth offered by the project, with our DCF-based price target of AUD 9.5c/share implying 94% upside to the current share price.
 

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#45 Goliath

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Posted 21 February 2018 - 06:42 PM

I'm in.

 

Thanks,appreciate the feedback. Ironically I took a small punt on it yesterday.. does look promising and worth the gamble


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#46 Bullhunter

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Posted 21 February 2018 - 05:31 PM

Bull your view on Orion - Yay or nay to take a small gamble on?

I'm in.


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#47 Goliath

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Posted 17 February 2018 - 08:05 PM

 

Bull your view on Orion - Yay or nay to take a small gamble on?


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#48 Dusty Mountain

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Posted 13 February 2018 - 09:33 AM

https://stockhead.co...rican-explorer/

 

Lots of info on this potential bagggggger  :)


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#49 Bullhunter

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Posted 29 January 2018 - 12:46 PM

Zinc on a tear:

 

http://markets.busin...ties/zinc-price


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#50 Bullhunter

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Posted 29 January 2018 - 11:05 AM

The zinc price is at a decade high and the outlook is for it to stay strong for much of 2018, underscoring decisions by miners in SA to step up production and bring fresh metal to the market.

Acting on the fundamentals of supply and demand, the metal used to galvanise steel to protect it from corrosion has shown strong price growth, more than doubling since 2016, says John Meyer, a resources analyst at SP Angel in London.

He said supply constraints came at a time when Chinese demand was strong and had resulted in global stockpiles falling to 2008 levels.

The news is good for South African-focused companies operating in the Northern Cape. India’s Vedanta Resources, which is bringing its Gamsberg zinc mine into steady state production, and newly formed Orion Minerals, which plans to restart mining at the mothballed Prieska copper and zinc mine, are tapping into untouched resources and using modern mass-mining methods.


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#51 Bullhunter

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Posted 31 December 2017 - 01:02 PM

S.A. Exports in November expanded by 11.5 percent, with sales of precious stones and minerals up 21 percent, base metals rising 19 percent.

 

https://orionmineral...ct-zinc-copper/

 

When will Prieska be in production?


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#52 Guest_PlatinumWealth.co.za_*

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Posted 07 November 2017 - 10:07 PM

Maybe worth a read: https://platinumweal...orion-minerals/

And worth a follow: https://platinumweal...-Orion-Minerals


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#53 Dusty Mountain

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Posted 07 November 2017 - 10:45 AM

Anybody invested here or just the sophisticated investors... manipulating the speculative market.

 

ASX share price = 3.0 Aussie cents / JSE share price = R1.69 @ current exchange rate of 1 A$ = 10.83 ZAR

 

Parity with ASX sees value @ R0.32,49

 

Disparity of R1.36,51 over valued on JSE BY 420%!!!!

 

Somebody is milking the cows...


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