EDITOR: | December 11th, 2014 | 7 Comments

Northern Minerals Limited: Browns Range moving to Definitive Feasibility Study

| December 11, 2014 | 7 Comments

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Raj Shah


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  • Tim Ainsworth

    “The base case flowsheet for the DFS will be to produce a
    mixed RE carbonate.
    The production of a carbonate will reduce the costs of
    reagents and heating, as the carbonate does not need to be
    calcined. The mixed RE carbonate contains 57% TREO and
    9.2% Dy/TREO”

    Appears NTU have scaled back ambitions considerably from the recent PFS, price points will be interesting.

    December 11, 2014 - 9:55 AM

  • Bill Keenes

    Tim, thank you for another well researched and thoughtful post, once again reflecting your depth of knowledge on the subject matter.

    December 12, 2014 - 5:05 PM

  • Tim Ainsworth

    While appreciate the kind words Bill, just another mug punter trying to make heads ‘n tails of it all.
    Without any data, the Ann. strikes me as a positive development, an attempt to come climb down the cost curve that necessitated the Fantasy on Board $724kg Dy, in a mixed con.
    Seven road trains x 1400km daily thru the Tanami Desert was after all a bit Disneyland for anyone capable of operating Google maps.
    Remains to be seen if <1% TREO, 56% Y, can be beneficiated at a price point economical to end process, let's wait 'n see how they've sharpened their pencils.

    December 13, 2014 - 7:54 AM

  • Jim

    Tim, Thanks for your thoughts on NTU… Overall, do you like NTU better than TAS or QRM?
    Curious, with LYC being .03-.04 would you buy?


    December 13, 2014 - 10:59 AM

  • Tim Ainsworth

    Jim, not sure we know what the NTU business plan is now until more detail is fleshed out, can only suggest you run all those stocks, incl. LYC, thru the metrics Steve Mackowski raised in his excellent series here, then look to match ROM to some of the better demand forecasts.
    LYC is simply a gamble ATM that they can produce 16 weeks at some form of “steady state”, circa 90% or better Ph1 run rate, and provide the first uninterrupted look at their business in the Dec QR due late Jan. As of Friday’s Ann. indications are they remain on track.
    BTW, I think Jack’s latest article provides a fascinating insight as to one of the main reasons initial efforts at production at LAMP went pear shaped – automation, they thought they had a magic Chinese wand!

    December 13, 2014 - 4:46 PM

  • Jim

    Thanks Tim. Unbelievable the rare metals / junior resource sector bear market. I’m in long term, and betting the future will look much better. If, they can survive.

    December 13, 2014 - 8:03 PM

  • Tim Ainsworth

    Jim, perhaps take a look at google.com/finance?cid=689361
    12 month chart for Baotou & the Related Companies below.
    While broad money has flowed into the sector just recently the charts suggest Chinese RE had already bottomed mid year.
    Tide will be quite selective when it finally reaches ROW this time I’m thinking.

    Sheer weight of money flowing to Baotou is mind boggling, they traded 17 Lynas’s before lunch the other day!

    December 13, 2014 - 10:26 PM

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