SAO PAULO (Metal-Pages) 29-Oct-2010. European APT prices have taken another upward step, amid growing expectation that the $300/mtu mark will be reached before Christmas.
Truckloads are now changing hands between $280-285/mtu, with offers now understood by Metal-Pages to be reaching above $290/mtu. So far ...
**END**
Chinese minor metals weekly roundup Antimony surges further, magnesium stable, tungsten keeps heading up
BEIJING (Metal-Pages) 29-Oct-10. The antimony market has continued to soar this week, on the back of strong market demand and tight raw material supplies. Chinese smelters expect much higher prices in the coming month.
The magnesium metal market failed to move up this week, amid flat market transactions. Market dealers forecast a stable market outlook in the weeks to come.
In contrast, the tungsten market has maintained its upward trend, in line with increasing demand from both domestic and overseas consumers. But the supply shortage of tungsten concentrate has concerned most ...
Page 5 Company Presentation Earnings multiples for diversified ferroalloy producers
(PE multiple)(company)(exchange) 26.4 OM holdings ASX 21.4 VBC Ferroalloys Limited BOM 13.1 EurasianNatural Resources Corp LSE 17.8 Maharashtra Elektrosmelt BOM 10.1 Thompson Creek Metals TSE 35.4 China Molybdenum HKG
Current Market Capitalisation HAZ ~$A50M
Stage 1 Ferrotungsten Projections $A15M @ PE of 10 - 20X = ? FS Projections* Big Hill & Stage 2 $A48M @ PE of 10 - 20X = ? *May 2010 at AUD/USD = .85, 100% equity financed
**END**
Hartleys noticeably absent from presentation? Maybe management gave them the flick after they got rolled in the last C/R. Sales from Stage 1 early/mid 2011 and a strong FeW market should open alternative funding for Stage 2 & Big Hill without having to rely on 100% equity?
I keep replying to my own posts but I think I am done now and will leave the thread alone for a while.
HAZ Price at posting:
15.8¢ Sentiment: LT Buy Disclosure: Held
