Last week Shell announced a USD2 billion write-down of its US shale oil assets and has put its shale assets in Texas up for sale. This follows write-downs by other majors in the shale oil/gas business, such as BHP. These losses have led to a chorus of “I told you so” by shale sceptics.…
Last week I visited the Barrytown Ilmenite Project (“Barrytown”), located on the West Coast of the South Island of New Zealand. I was met at Christchurch by Mr Jim Hickey, Managing Director of Pacific Mineral Resources Ltd (“PAC”), which is in the process of acquiring a 100% interest in Barrytown.…
In discussions with investors over the past few months, I have observed that most do not understand the relationship between gross metal value in a concentrate and the net percentage of that gross that the seller will actually receive. Further, there can also be significant costs associated with terms of…
The Barrytown Ilmenite Project is located on the West Coast of the South Island of New Zealand. It is an immature (young and with little oxidation) beach sand deposit that also hosts a little rutile and gold, along with the ilmenite. It covers most of the alluvial plain in the…
Fortescue has gone through a remarkable transformation over the past twelve months. This time last year FMG was reeling under the pressure of a crash in iron ore prices. Although they had a reasonable cash margin, which was allowing them to meet their debt obligations, the situation was finely balanced.…
I attended an interesting site visit to Mt Adrah last week in the company of a number of brokers and investors. The project is located in the Riverina region of NSW; prime agricultural land and an idyllic location for an exploration program. Read more about Sovereign Gold Company here and…