watch JLP... about to move up with huge platinum assets
SP Angel's note out this morning: "Sirius Minerals reports that it has “entered into a new take-or-pay agreement ... with Yunnan Dian Huang Peony Industrial Group†(Dian Huang) The agreement will cover a “period of ten years from first production, ramping up to one million tonnes per annum over the first six years of the contractâ€. Pricing will remain confidential, however the Company advises that... Sirius Minerals continues to expand and develop market acceptance of the polyhalite product. The restructuring of the offtake agreements with Dian Huang and TCT provides a longer tenure to the agreement and hence adds an improved level of “confidence to both parties moving forward". Scraped this from Research Tree
"The aforementioned selection of contractors for the North Yorkshire polyhalite project is a positive development for Sirius. The company plans to work with its partners for successfully implementing the Project. Last month, Sirius informed of expansion of probable ore reserve at the Project which reaffirms the outstanding nature of the deposit. The expansion comes even as the reserve was touted as the world's largest and highest quality polyhalite reserve. Moreover, the economic viability of exploiting this asset has been confirmed by the DFS. Contrasting with many other junior exploration/development minors, Sirius has continued to deliver both operationally (drilling, marketing/offtake, feasibility studies and permitting) and through shareholder value." Beaufort's note from this morning on Research Tree
platinum up massive 4%... JLP slowly gathering interest
with many billions needed to develop the mine - this is a long term investment - 15 years at least - best bet is to wait 5 years imho
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