Hi mate, I’m recent to the register and holding a swag of MRQOB's. I will add when more cash comes free. I'm not a DT, as such I’m not here for pips, I’m here for multiple bags, I’ve been doing some background research in to the industry supply and demand and this does look like a very compelling (and smart) play it may not be a sexy lithium or cobalt etc but the fact is there is a supply crunch coming up and there will be money to be made by savvy investors that can position themselves accordingly in HMS developments. The sheer size is incredible and with mineralisation from surface to end of hole (some 90m's) there is also likely a lot of scope to increase the resource size rapidly from further drilling.
I’m more than happy to let this play out and see where it ends up, I think there is definitely scope to rapidly progress this to mineral resource stage as mentioned in the ann.
With the background of Rio Tinto wanting these corridor projects in the early 2000’s shows that it has all the potential to be a global tier 1 HMS deposit, due to their shenanigans in Mozambique picking up this project has been our gain.
Market outlook
Taken from Kenmare annual report late last year
“The ilmenite pricing outlook for 2018 is positive, supported by favourable supply–demand fundamentals. Demand for titanium dioxide pigment, the main market for ilmenite, has continued to increase with global GDP, supporting increased demand for our products. Similarly, the outlook for zircon in 2018 continues to improve as supply constraints, which persist beyond the short term, become more evident, and demand continues to recover.”
Iluka resources march 2018 quarterly review (which can be found on there website, has some very good background with the supply/ demand as well as stronger pricing and tightening of supply that has already started, forecasting to really become evident from 2019/2020. Which could bode well for MRQ timing wise depending on development progress.
Personally I do believe this has some huge upside, but lets get through DD first and I’m almost certain of some more ‘tasty’ information coming to light once DD has been completed.
Looks forward to the pieces of the puzzle being put together.
HeavyT
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