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Ann: MRG Appoints Mark Alvin as General Manager Mozambique, page-15

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  1. 2,192 Posts.
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    Hi Earmelon.

    Mineral sands - despite current (not future as in lithium, cobalt etc) supply/demand fundamentals, is not yet a trend. We know the trend minerals - copper, gold, lithium cobalt etc - is a crowded space.
    If you disentangle the fundamentals of these metals, prices are coming off and challenges lie ahead.
    If we read the Iluka quarterly last week, the mineral sands space is exiting a weak part of the trading year into a strong one.
    The IRR of comparable projects is strong. But when we add scale of 1.9 billion tonnes at high grade of 4 per cent cut off - then Corridor Sands becomes meaningful to globalised corporates.
    No promises, but a re-rate is expected by the vendors, management and shareholders. The presentation info is there for all too see.
 
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