Northam Iron holds a series of magnetite deposits in the Northam area, 100km east of Perth. The deposits are shown as blue dots on the map below. The project already has substantial resources, for example the Yerecoin project hosts inferred resources of 404Mt at a head grade of 28.3% Fe.…
Last month Professor Peter Ridd was sacked by James Cook University, Queensland. His crime – telling the truth about the state of the Great Barrier Reef (“GBR”). The reason given was that he was guilty of “failing to act in a collegial way and in the academic spirit of the…
Ronald-Peter Stoeferle and Mark Valek have released the 12th edition of In Gold we Trust, titled “Gold and the Turning of the Monetary Tides”. The authors are founders and managing partners of Incrementum AG, based in Liechtenstein. This asset management company takes the view that the current “uncovered credit money…
Until 2008 most iron ore was priced by negotiation between the seller and buyer. Contracts were typically for 12 months. As Chinese demand outstripped contracted supply, it began buying ore from India on a spot basis. Chinese companies then discovered that many contracts were for significantly higher prices than they…
There is a widespread consensus that we are just about to embark upon a long-lasting commodities boom. The most common rationale for that thought is that the ratio between equity prices and commodity prices is very low. The most common measure is the GSCI (Goldman Sachs Commodity Index) versus a…
Northern Iron is the brainchild of well known entrepreneur Mr Jim Hickey. It is a magnetite project, rather than hematite. Magnetite projects have been somewhat unpopular of late, due to high costs. The reason is that the majority of magnetite iron ore projects are based upon banded iron formation (“BIF”).…