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post Posted: Mar 31 2021, 05:56 PM
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In Reply To: bvbfan's post @ Apr 26 2011, 01:56 AM

Intermin Resources (IRC) and MacPhersons Resources (MRP) merge to create new gold exploration company

known as Horizon Minerals (HRZ) Nov 2018

"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
post Posted: Apr 26 2011, 01:56 AM
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In Reply To: crystal's post @ Apr 25 2011, 09:01 PM

The SPP was at 12c so that may be tested first.

Never argue with an idiot. They bring you down to their level and beat you with experience.

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post Posted: Apr 25 2011, 09:01 PM
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In Reply To: denpal's post @ Apr 23 2011, 01:00 PM

thanks for the heads up and update denpal and sparty ,certainly looks a good prospect ,not sure what the charts show ,other than

recent support at 14 cents and 13.5 cents ,i cant see an ideal entry ,but 13./5 or 14 looks reasonable

cheers mick

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post Posted: Apr 23 2011, 01:00 PM
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Couldn't resist, in at 14c. Director Michael Ruane has also bought several tranches on-market over the last year and has been happy to pay around this amount. I would imagine he knows a lot more about the potential than I do!

EV of IRC is now only $2.14M which is crazy. They will be getting $2.94M from sale of Jinka shares, have $4.0M cash from the recent cap raising plus their shares in other companies like RWD have grown in value to $7.6M or so. That totals $14.54M.

Shares on issue is 115M FPO's @ 14c = MC $16.1M, hence EV of $16.1M - $14.54M = $2.14M.

There are also 22.5M options at 18c expiring May 2012 that will surely be in the money = $4.05M to come. I haven't included these in the EV calculation as they haven't been exercised yet.

They are planning on gold mining later this year, about 25-30,000oz to be toll-treated with $15M projected income after costs. This will mean we have cash to complete the scoping study on the vanadium. Although it seems that altogether IRC has enough JORC gold to just about IPO it off! A couple of hundred thousand ounces or thereabouts, with lots of exploration potential.

For me though the main game is the Julia Creek vanadium and moly, a huge +$500 Billion IGV resource set to become more valuable with high interest now in vanadium redox batteries as the only viable solution to grid-scale power smoothing from solar and windpower. These are amazing batteries as they can be fully recharged in a few minutes, plus the electrolyte never wears out. In fact, they can be mechanically recharged just by changing the electrolyte at a service station set up for it, ie instead of petrol, you just exchange your electrolyte. Julia Creek is a virtually at-surface deposit with a strip-ratio is 1:1 or less with a railway very close too. It is one of the world's largest vanadium deposits actually with heaps more exploration upside within the EL's. With the already JORC'd up resources, there's no point in proving up any more (we already have 20,000,000 tonnes of vanadium!!). Worth about $25/kg at present as vanadium pentoxide metal.

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post Posted: Mar 25 2011, 04:41 PM
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In Reply To: schlitzo's post @ Jul 16 2009, 11:41 AM

It is time to re-visit this compnay IMO. Vanadium is becoming a very hot topic on the back of the newly modified Vanadium Redox batteries that are suitable for mass or base load energy storage. 3 systems have been installed recently... And Japan's need for very strong steel to re-build its infrastructure

Here are a couple of Vanadium stories....

Vanadium use may rise as seismic-vulnerable territories seek safeguards
Creamer Media's Engineering News
The consumption of vanadium, which is used to improve the strength properties of structural steel sections, may rise in territories vulnerable to seismic events following the recent catastrophe in Japan, Evraz Highveld Steel & Vanadium CEO Scott ...

Upgrading the vanadium redox battery
EurekAlert (press release)
Though considered a promising large-scale energy storage device, the vanadium redox battery's use has been limited by its inability to work well in a wide range of temperatures and its high cost. But new research indicates that modifying the battery's ...

From Steel Guru Japanese earthquake - Reconstruction to push vanadium prices upward

It is analyzed that before the catastrophic earthquake and tsunami in Japan, the global steel demand for vanadium in 2011 was forecast to be at 1.3 billion tonnes, which is a hike of 5.3% compared to that in previous year 2010.

However, it is predicted that Japan's reconstruction after the disaster could push up the demand even higher. As Japan will need higher safety specifications, adding the vanadium into the iron ore high strength low alloy steel can be much stronger and lighter than regular steel.

In fact, Japan has already used a large amount of HSLA steel and now the country will enhance the safety standard even higher in the future. It is known that approximate 85% to 90% of vanadium mines were used as a strengthener in steel.

Furthermore, the vast majority of global demand for vanadium is expected to support the vanadium prices to soar.

V2O5 t

Australian Vanadium Companies with Vanadium JORC deposits

I hold IRC, AEE, AGO and if I get a chance I'll add some SPM.

Follow me on Twitter @ and

N.B. I am just another clown at the circus.... Nothing I say can or should be taken seriously and in particular my comments should never be taken as investment advice.....

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post Posted: Jul 16 2009, 11:41 AM
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In Reply To: bvbfan's post @ Jul 21 2008, 12:26 AM

Anyone still here at IRC? I'm stuck in the back waters of China, hard to get any news at all. If anyone is able to give me a quick update as to what is happening with IRC, I would be most thankful.



post Posted: Jul 21 2008, 12:26 AM
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The other precious metals and where to find them

Ultra high-strength and super-light steels are the plastics of the 21st century. There is high demand for these steels for use in everything from jet engines to rail components. In turn, there is a big push for the quirky metals so critical in making them. And in those quirky metals are good opportunities for investors. One of them is vanadium.

For some industries, such as airlines, finding a more fuel-efficient way to do business is a matter of survival. According to a recent Financial Times article, it's "triggered a massive jump in the price of obscure and scarce metals that are used to improve the fuel economy of jet engines."

The quest for fuel-efficiency goes beyond just the airlines, of course. It extends to rail cars and automobiles, to power plants and high-speed drilling. Vanadium's primary use: to strengthen steel. Combine it with titanium and you get the best strength-to-weight ratio of any engineered material. That makes it practically irreplaceable in aerospace and other industries. Companies also use vanadium to produce sulfuric acid, and in nuclear power plants. Vanadium also promises new advances in battery technology. Giant vanadium batteries power wind farms and solar power plants.

In the great infrastructure boom, vanadium takes its place at the table of other rare and obscure metals that are growing much more important. The price of vanadium, as with many of these metals, is way up. For most of last year, vanadium cost $40 per kilogram. In February, it hit $90 per kilogram. It has since come back some, but it rallied to over $80 again recently.

The rocketing vanadium price is no mystery. Demand is strong, while supplies are constrained. A big part of the supply constraint lies in South Africa. That's because a massive electricity shortage is preventing many mines from operating at full capacity. As the CEO of Windimurra Vanadium, an Australian mining company, put it: "The market is very sensitive to power supply issues. Large South African miners are facing up to 15% restrictions to their power supply… The supply of vanadium will remain tight, and that's factoring in a best scenario for South African producers, which is no guarantee." In March, Xstrata, which produces about 12% of the world's vanadium, said it would cut its deliveries by 10-15% in the second quarter. And Highveld, the world's biggest producer of vanadium, said in February that power outages posed a "considerable threat" to future output.

The vanadium market also has some interesting quirks. For example, 98% of the world's vanadium comes from only three countries - China, Russia and South Africa. South Africa, we know, has power issues. China's Sichuan province, devastated by earthquake, was also a rich vanadium producer. Moreover, China is becoming as much a consumer of vanadium as a producer. So vanadium exports from China are dropping. Last year, China ended its export credits for vanadium because it needed the metal more at home. This year, China went further and put an export tariff in place.

China's vanadium use per quantity of steel is still well behind the curve compared with the US's If China were to use as much vanadium as US steel producers, the vanadium market would face a one-third increase in demand. That's a pretty nice long-term tail wind for vanadium.

Russia's Evraz Group is the world's largest producer of vanadium, with about 27% of supply. I think it's safe to say that Russia has been an uneven producer of certain commodities. And as the Russians like to change the rules of the game as it suits them, I would not rely too heavily on Russian supply. And finally, there are no stockpiles of vanadium or substitutes of equal quality.

So where are the opportunities?

It's tough to find a good pure play that is easy to buy. Most of the producers are in China or South Africa or Australia. And these producers make lots of other metals. You wouldn't buy Xstrata just because you like vanadium. You'd also have to understand a host of other metals that contribute much more to Xstrata's bottom line than vanadium. One interesting company is Denison Mines. Vanadium could represent up to a third of Denison Mines' revenues in 2008. The problem with Denison is that it is mainly a uranium play. To invest in Denison, you have to like uranium; you get the vanadium exposure as a bonus. Denison is probably cheap, although I haven't looked at it in great detail.

Some of the best ideas are just in the prospecting stage or emerging as producers. There are a few in Australia, including Windimurra Vanadium and Reed Resources. Both have big vanadium resources and could each eventually represent 6-8% of global production.

One of my favorite vanadium ideas I'm keeping an eye on is Largo Resources (CVE:LGO). Largo has the world's highest-grade vanadium mine, in Brazil. It's close to infrastructure and located in a mining-friendly state. The company should have a completed feasibility study in July. Production should start in 2010. It's highly speculative, but promising.

The company also has a molybdenum and tungsten project in the Yukon, called Northern Dance. These metals are also important in infrastructure.

Scarcity is a great thing when you are an investor. Finding companies that own something scarce - with good long-term demand behind it - is a winning formula for finding good ideas.

Never argue with an idiot. They bring you down to their level and beat you with experience.
post Posted: May 8 2008, 01:38 AM
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I can't believe the resource they have and the fact it's going under the radar. I suppose Ruane wants to be able to keep adding but Moly will be hot and the tightly held nature and low stock on issue could send this crazy.

Many billions heck from what someone said in ground value is almost 1 TRILLION

Never argue with an idiot. They bring you down to their level and beat you with experience.
post Posted: May 1 2008, 08:53 AM
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A very quiet thread!!

Huge potential here, just read the latest Quarterly on soon to be patented lowest-quartile cost extraction technology that will allow this huge vanadium/moly resource (located in Aus) worth many many billions to be exploited.

Owns 7.6M RWD shares worth $15M, plus cash of $5M. EV is peanuts on current MC of $43M.

Headed by Dr Ruane, PhD in chemistry. He is a major holder in both IRC and RWD. No hype here, just goal kicking.

DYOR, holder of both.
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post Posted: Sep 6 2007, 09:59 PM
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Check the announcement made after the close of trade today. Looks very promising.


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