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In reply to: camaybay on Sunday 22/06/08 10:18pm

Hi All,

 

For all CFR holders I believe itÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s important to profile the companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s current initiatives in particular the proposed Indian iron ore joint venture. Details from my previous post has been used to compile this information which is designed to benefit existing holders and potential new investors.

 

Proposed Indian Iron Ore Lease- Kanartaka Region

 

* The Karnataka region boasts India's largest iron ore reserves which is estimated to be about 9.03 billion tonnes averaging 60% Fe

* Karnataka region is known to produce high quality ore types such as super and basic grade lumps, calibrated ore, high grade and low grade fine and high density iron aggregates

* Proposed lease of 2500 acres lies within this world renowned region

* Karnataka is located on the east side of the country and is not adversely affected by the south west monsoon and hence ore can be shipped throughout the year- close proximity to the Port of Chennai and Mormugao Port

 

Politics

 

* Lease holders must be Indian based, and the Indian Central Government understand they need companies with expertise in mineral processing to reap any rewards for their country.

* The state govt of Karnataka are also cracking down on the black market because of their lack of value for environment and treatment of mine workers

* India want Western methods to extract large mineral deposits, but still want Indian based ownership. ThatÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s why these Joint Ventures between Indian/Australian companies are receiving more and more approvals and will only improve Australian/Indian ties

* India has a huge demand for Iron Ore which enables a quick turn around time on licensing requirements

* Inexpensive labour costs and cheap extraction costs

 

Global Demand for Iron Ore

 

* Steelmaking companies are now investing in iron ore mines and in particular are targeting India. They are doing this to beat the iron ore price rises and to take a share in this valuable commodity

* China and India has a huge demand for iron ore which is expected to last for decades

* Last week iron ore experienced an 85% price increase

 

Upcoming Announcements

 

* AusIMM will be compiling an iron ore valuation report on the proposed lease which is due early July

* A decision needs to be made regarding the proposed iron ore joint venture within the next 4 weeks

* Little Bygoo Tin Project- 9 remaining tin assay results due early July

* Egerton Gold Project- drilling update expected between 1 and 3 weeks

 

Other Facts

 

* 1.68 billion shares issued with the top 20 holding 50%

* Several Indian holders in the Top 20

* The CFR team mentioned they were interested in fast tracking the Indian iron ore joint venture- once they confirm their involvement this will open the doors to other projects in India

 

Quotes

 

"Karnataka is endowed with rich deposits of iron ores; with approximately 9.03 billion tonnes or about 41% of IndiaÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s estimated total haematitic and magnetitic iron ore resourcesÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

 

http://geokarnataka.blogspot.com/2007/04/i...-karnataka.html

 

"Wherever you stretch your eyes, you see ore," says B. Chidamber, a retired engineer from the Karnataka Department of Mines and Geology (DMG). "It's all ore. No dust at all. Just blast it, load it."

 

http://www.mmpindia.org/minenews/miningfrenzy.htm

 

"We haven't seen the end of what is happening to China and India hasn't even started yet," Mr Rowley said.

 

http://news.smh.com.au/business/miners-opt...80619-2tc3.html

 

ArcelorMittal has a goal of being 75% iron ore self-sufficient and plans to double its iron-ore supplies by 2012. The world's largest steelmaker is developing iron-ore mine projects in India, Liberia and Senegal, says Louis Schorsch, president and CEO of flat carbon in the Americas. "It's an advantage for us that we're roughly 50% self-sufficient because the higher the iron-ore price goes up the bigger that advantage becomes," Schorsch said in a Reuters report, predicting a 30ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“35% increase in iron-ore prices in 2008.

 

http://www.purchasing.com/article/CA6518803.html

 

JB

 

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In reply to: subluxation on Monday 30/06/08 09:19am

off the hook ehre today eh. happy to be along for the ride here. News supopsed to be out here soon on IO out of india. I though when I first started to watch this it was just a bunch of rampers but I am starting to believe the story!

drew

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In reply to: Pub Lunch Man on Monday 30/06/08 01:26pm

PLM, yeah interesting, looking at 4/5c pretty quickly looking at the action,

 

not many selling, about 5 million today tops would have been dropped into the sellers, and SFA dropped after 4.10 so the DT's see the potential as well lol

 

BIG WEEK COMING UP!!!!!!!!!!!!

 

MULTIBAGGER BY THE LOOKS http://www.sharescene.com/html/emoticons/tongue.gif

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Further to Pub Lunch Man's post, see the highlighted section below, makes you lick your chops....

 

http://geokarnataka.blogspot.com/search/label/Iron%20Ores

 

Basically there are four mineralogical types of iron ore resources in Karnataka: Haematite (Fe2O3), magnetite (Fe3O4), titaniferous magnetite (Fe2O3 with admixed TiO2 and/or V2O5 impurities) and goethite and limonite (hydroxides of iron and aluminum).Based on the process of ore genesis four genetic types of iron ores can be distinguished.

 

1. Volcanosedimentary Ores: Banded Iron formations (BIF) are characterized by alternating bands of iron oxides (magnetite/ haematite) and silica (quartz /chert).These are formed by Volcanosedimentary processes. Iron oxides and silica liberated from submarine volcanic sources get precipitated in early Precambrian depositional basins in alternating fine layers due to specific seasonal and chemical variations in Eh- pH conditions. Precambrians of Karnataka, especially of Bababudan and Chitradurga Group of formations abound in BIFs. These have been metamorphosed and occur in magnetite form and contain 45 to 55 % Fe. The Kudremukh iron ores belong to this category.

 

2. Magmatic Ores: Titaniferous Magnetite bands associated with ultramafic intrusives are formed by magmatic processes. These ores limited in distribution, being confined to layered mafic-ultramafic intrusives. These ores are valued for the associated TiO2 and V2O5 content, since Fe % content as well as the restricted ore abundance is not suitable (uneconomical) for iron ore mining under present day circumstances.

 

3. Supergene enriched iron ores: Weathering, alteration and enrichment of Precambrian BIFs under surface conditions during Tertiary and Quaternary periods have produced abundant haematite rich supergene iron ores especially in Sandur and Chitradurga schist belts. These ores are friable, powdery and easily extractable form and contain 62 to 68 % Fe. These are the most preferred iron ores at present in domestic as well as export markets.

 

4. Laterites: Laterites are iron and aluminum enriched products derived from the desilication of weathered rock material under humid tropical conditions. Coastal Karnataka and parts of Bidar and Kolar districts evince extensive laterite formations. However, the iron content in laterites range from 25 to 40% and hence is not suitable for iron extraction under present metallurgical technology.

 

 

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In reply to: Zia on Tuesday 01/07/08 06:30pm

Hi Zia,

 

I spoke with the CFR team today and they confirmed that the AusIMM report is on track to be released within their previously announced stipulated time frames. They did confirm that the report would contain conservative potential reserves but what did prick my ears was that they could not confirm these reserves until drilling commenced!

 

Decision on the JV is due by the 17th July- less then two weeks away... http://www.sharescene.com/html/emoticons/cool.gif

 

Certainly good times ahead for CFR- im sure we will be both licking our chops!

 

JB

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QUOTE (Pub Lunch Man @ Friday 04/07/08 08:25pm)

PLM,

 

They would wait until drilling and testing confirmed the resource before the JV and company set up is completed. It is handy to know the 17th is a day for BIG news. I agree that it seems good times ahead but the original time frame of 6 mths would be needed for completion, providing all goes well. In the mean time, if the sp keeps on , then who's complaining! http://www.sharescene.com/html/emoticons/cool.gif

 

Cheers

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