Image Resources' financial returns for its North Perth Basin mineral sands project just got a whole lot better with increases in the prices of titanium dioxide and zircon mineral sand products.
Tellingly, the increases would boost the Internal Rate of Return (IRR) of the project to 47% at the current A$/US$, up from 43%. The net cash flows for life of the mine to $381 million, up from $259 million.
The capital for the project would be repaid from cash flows after just 13 months of operation, previously 18 months.
Capital costs are estimated at $84 million.
The project would produce some 1,393,000 tonnes of ilmenite, 85,000 tonnes of rutile, 193,000 tonnes of zircon and 93,000 tonnes of leucoxene over a twelve year mine life.
Image has commenced a Feasibility Study on the North Perth Basin project.
Environmental consultants are carrying out baseline studies and the environmental permitting of the Atlas deposit, the first of the deposits to be developed.
Bulk samples from the Atlas and Red Gully deposits are being collected in preparation for further metallurgical test work to be carried out during the first quarter 2012.
This test work is expected to demonstrate that metallurgical recoveries for these resources can be improved.
There has been an 80-85 per cent increase in rutile prices and 85-90 per cent projected increase in synthetic rutile prices next year. While zircon prices are expected to flatten early next year after strong increases the last few years.
The pigments are used in paints and other building materials and then on-sold to China and other developing countries.
While new supply is coming on stream, the new suppliers will simply help satisfy the demand growth out of China.
The key markets for zircon, a product used in ceramics and tiles, are generally outside of the regions affected by the current sovereign debt issues. zircon in particular, the ceramic-centric cultures, the tile-centric cultures tend to be Latin American, Asian, Islamic and the Middle East.
With very strong demand for minerals sands products the outlook for Image's North Perth Basin mineral sands project is very solid based on projected financial returns.
If Iluka is anything to go by, Image presents a real opportunity for investors with booming mineral sands prices and demand for rutile and zircon.
Iluka is up more than 470 per cent since the lows of July 2009 and is up more than 86 per cent since January. In comparison, the ASX 200 index is down about 13 per cent this year.
While Iluka is an industry leader, it was not always the case and in 2009 was down and almost out. For keen investors, there is an opportunity to potentially catch a wave with Image riding high demand for minerals sands products as it moves closer to development of its Perth Basin mineral sands project.
2011年12月29日星期四
2011年8月22日星期一
A pair of aces
Convenient to grocery stores, coffee shops, parks, restaurants and transportation, the building at 4366 West Pine Boulevard is in the heart of the Central West End. Both units, A and C, provide off-street, garage parking, a finished lower level, and a monthly condos fee of only $179. That's hard to beat.
Unit A is a totally updated two-bedroom, two full bath condo that has never been lived in. The kitchen comes with solid surface countertops, a cool black under-mounted sink, breakfast bar, and China ceramic tile flooring.
Two nice-sized bedrooms both offer oversized walk-in closets. The huge open great room features a three-pane bow window with window seat and a gas fireplace. The second floor master bedroom suite boasts a private luxury bath.
Oversized double hung thermal windows give this unit a bright, open feel. The finished lower level has a cedar closet and washer dryer hook-ups. Amenities include: six-panel doors, extensive mill work, 6-inch base molding, 9-foot ceiling on first and second floors. The total living space is approximately 1,246 square feet. Unit A list for $219,000.
Intersesting architectural details highlight Unit C, a three-level condo with open loft areas overlooking the main floor.
A huge skylight on the second level pours natural light though an open staircase with stained glass and glass block accents to the main level. The main floor great room, with a wood-burning fireplace, opens to second floor over a half-round balcony, and accesses a large, private deck ideal for entertaining.
Double closets, a private balcony, and a master bath with double sinks highlight the second floor master suite.
A professionally finished lower level offers a rec room, as well as private laundry and storage areas. There's almost 1,600 square feet of living space in this great location, just a short walk to the the CWE with sidewalk cafes, MetroLink, BJC Hospital, or Forest Park with golf, tennis, art museum, zoo, horse back riding, theater and more. Don't miss this one, listed at $189,900.
The condos both enjoy a level rear yard with a privacy fence and a garage with opener for secure parking.
Unit A is a totally updated two-bedroom, two full bath condo that has never been lived in. The kitchen comes with solid surface countertops, a cool black under-mounted sink, breakfast bar, and China ceramic tile flooring.
Two nice-sized bedrooms both offer oversized walk-in closets. The huge open great room features a three-pane bow window with window seat and a gas fireplace. The second floor master bedroom suite boasts a private luxury bath.
Oversized double hung thermal windows give this unit a bright, open feel. The finished lower level has a cedar closet and washer dryer hook-ups. Amenities include: six-panel doors, extensive mill work, 6-inch base molding, 9-foot ceiling on first and second floors. The total living space is approximately 1,246 square feet. Unit A list for $219,000.
Intersesting architectural details highlight Unit C, a three-level condo with open loft areas overlooking the main floor.
A huge skylight on the second level pours natural light though an open staircase with stained glass and glass block accents to the main level. The main floor great room, with a wood-burning fireplace, opens to second floor over a half-round balcony, and accesses a large, private deck ideal for entertaining.
Double closets, a private balcony, and a master bath with double sinks highlight the second floor master suite.
A professionally finished lower level offers a rec room, as well as private laundry and storage areas. There's almost 1,600 square feet of living space in this great location, just a short walk to the the CWE with sidewalk cafes, MetroLink, BJC Hospital, or Forest Park with golf, tennis, art museum, zoo, horse back riding, theater and more. Don't miss this one, listed at $189,900.
The condos both enjoy a level rear yard with a privacy fence and a garage with opener for secure parking.
2011年5月2日星期一
10 worst car names--plus six more
In the car name game, there are winners and there are losers. Our friends at Hagerty Insurance recently posted their vote for the 10 worst car names. We took it upon ourselves to critique that list and add six of our own contenders. Got an entry of your own? Drop it in the Comments section.
1. Mohs Ostentatienne Opera Sedan: The MOOS, as it should have been called, could win for one of the ugliest cars on the list, too. The Opera Sedan could only be entered from a rear hatch, leaving the side doors as mainly a conversation piece.
2. Zimmer Quicksilver: Although quicksilver is an antiquated word for mercury, which causes cancer and a host of other ailments, we think it's actually not a bad name for a car. It definitely sounds fast, and shiny. Of course, saying "I just bought a silver Zimmer Quicksilver" doesn't really roll off the tongue.
3. Studebaker Dictator: Fortunately for Studebaker, the Dictator was produced in the 1920s and '30s, before the word had such a negative connotation. Unfortunately, it's now the answer to the question WWFD--what would Fidel drive?
4. Geely Beauty Leopard: Because of a fuzzy translation--and the words "beauty" and "leopard" just not meshing well--the compact Geely's name is slightly more impressive than the car. Other choices were the Geely Happy Fun Time and the Geely Amazing Fast Car.
5. Mitsubishi MAUS (Mini Active Urban Sandal): Introduced at the Tokyo motor show in 1995, the MAUS really wasn't heard from after that. Whether it conjures images of hippies in hemp shoes or pantry rodents, it's all bad for Mitsubishi.
6. Isuzu Mysterious Utility Wizard: This is the actual name of an SUV that debuted in Japan in 1991. At least if it was the Mysterious Utility Vehicle, it could have been a MUV, which would have been a little funny. As it stands, it seems to be another wobbly translation to an Americanized name.
7. Honda That's: Honda's rationale for the name was that it wanted people to see the car and exclaim, "That's it!" It was probably more like, "That's um . . . what?" The That's was, until 2007, a 0.65-liter Kei car shaped like the Nissan Cube.
8. Mitsubishi Delica Space Gear: This is not a piece of steel to fix your broken rocket ship: "We need a new Delica Space Gear or we won't be able to get through the atmosphere." Or new sneakers that will let you jump into orbit--"Just got a pair of the new Space Gears; cost me 300 bucks." It's just another in a long line of names like Starion, Cordia and Tredia.
9. Datsun Fairlady: We really don't mind the name Fairlady. The 50 years of performance have blinded us to the absurdity of the fact than Nissan actually named the car after the musical My Fair Lady.
10. Mazda Bongo Friendee: Another name that could double for a Japanese TV show, the Bongo Friendee was a minivan you could stuff full of . . . Friendees.
Here are five also-rans from AutoWeek that we think should have made the top 10:
1. Pontiac Aztek: Because no list of ugly cars or worst car names would be authentic without it. Name your car for a long-dead civilization, misspell that name and sell it with a tent. Marketing gold.
2. Audi E-tron Concept: The Audi has nothing to be ashamed of with the looks of its electric E-tron. It looks like a smaller, battery-powered R8. Unfortunately, after the car debuted, the French translation became clear. Étron roughly means "a lump of excrement."
3. Dodge Diplomat: The Diplomat is different from the dictator for several reasons. First, a dictator might have actually driven a Dictator. A diplomat has never driven a Dodge Diplomat. Also, there will be no talk of diplomatic immunity in a Dodge; any crime you commit will be yours and yours alone, including driving a Diplomat. The only other interesting thing about the hapless Dippy was that it was used for police cars for a short time.
4. Volugrafo Bimbo: Designer Claudio Belmondo named the Bimbo after the Italian word for baby. The 125-cc vehicle has quite a different connotation in the States--not to mention that the last thing you'll be picking up in the near-toy car is people of the opposite sex.
5. Ford Aspire: The last thing the renamed Festiva will do is get better. The uninspired hatchback was a joint project by Ford and Kia. It lived in Ford's stable for a few years as the Aspire and as the Kia Avella before being dropped. It did have the lofty aspirations to be the first car in its class to feature dual front airbags and optional four-wheel antilock brakes, and for that we thank you.
6. Anything alphanumeric: R8. X5. CTS-V. Some of our favorite rides, but the marketing teams couldn't even muster the creativity to give them proper names. It's the automotive equivalent of a forfeit.
1. Mohs Ostentatienne Opera Sedan: The MOOS, as it should have been called, could win for one of the ugliest cars on the list, too. The Opera Sedan could only be entered from a rear hatch, leaving the side doors as mainly a conversation piece.
2. Zimmer Quicksilver: Although quicksilver is an antiquated word for mercury, which causes cancer and a host of other ailments, we think it's actually not a bad name for a car. It definitely sounds fast, and shiny. Of course, saying "I just bought a silver Zimmer Quicksilver" doesn't really roll off the tongue.
3. Studebaker Dictator: Fortunately for Studebaker, the Dictator was produced in the 1920s and '30s, before the word had such a negative connotation. Unfortunately, it's now the answer to the question WWFD--what would Fidel drive?
4. Geely Beauty Leopard: Because of a fuzzy translation--and the words "beauty" and "leopard" just not meshing well--the compact Geely's name is slightly more impressive than the car. Other choices were the Geely Happy Fun Time and the Geely Amazing Fast Car.
5. Mitsubishi MAUS (Mini Active Urban Sandal): Introduced at the Tokyo motor show in 1995, the MAUS really wasn't heard from after that. Whether it conjures images of hippies in hemp shoes or pantry rodents, it's all bad for Mitsubishi.
6. Isuzu Mysterious Utility Wizard: This is the actual name of an SUV that debuted in Japan in 1991. At least if it was the Mysterious Utility Vehicle, it could have been a MUV, which would have been a little funny. As it stands, it seems to be another wobbly translation to an Americanized name.
7. Honda That's: Honda's rationale for the name was that it wanted people to see the car and exclaim, "That's it!" It was probably more like, "That's um . . . what?" The That's was, until 2007, a 0.65-liter Kei car shaped like the Nissan Cube.
8. Mitsubishi Delica Space Gear: This is not a piece of steel to fix your broken rocket ship: "We need a new Delica Space Gear or we won't be able to get through the atmosphere." Or new sneakers that will let you jump into orbit--"Just got a pair of the new Space Gears; cost me 300 bucks." It's just another in a long line of names like Starion, Cordia and Tredia.
9. Datsun Fairlady: We really don't mind the name Fairlady. The 50 years of performance have blinded us to the absurdity of the fact than Nissan actually named the car after the musical My Fair Lady.
10. Mazda Bongo Friendee: Another name that could double for a Japanese TV show, the Bongo Friendee was a minivan you could stuff full of . . . Friendees.
Here are five also-rans from AutoWeek that we think should have made the top 10:
1. Pontiac Aztek: Because no list of ugly cars or worst car names would be authentic without it. Name your car for a long-dead civilization, misspell that name and sell it with a tent. Marketing gold.
2. Audi E-tron Concept: The Audi has nothing to be ashamed of with the looks of its electric E-tron. It looks like a smaller, battery-powered R8. Unfortunately, after the car debuted, the French translation became clear. Étron roughly means "a lump of excrement."
3. Dodge Diplomat: The Diplomat is different from the dictator for several reasons. First, a dictator might have actually driven a Dictator. A diplomat has never driven a Dodge Diplomat. Also, there will be no talk of diplomatic immunity in a Dodge; any crime you commit will be yours and yours alone, including driving a Diplomat. The only other interesting thing about the hapless Dippy was that it was used for police cars for a short time.
4. Volugrafo Bimbo: Designer Claudio Belmondo named the Bimbo after the Italian word for baby. The 125-cc vehicle has quite a different connotation in the States--not to mention that the last thing you'll be picking up in the near-toy car is people of the opposite sex.
5. Ford Aspire: The last thing the renamed Festiva will do is get better. The uninspired hatchback was a joint project by Ford and Kia. It lived in Ford's stable for a few years as the Aspire and as the Kia Avella before being dropped. It did have the lofty aspirations to be the first car in its class to feature dual front airbags and optional four-wheel antilock brakes, and for that we thank you.
6. Anything alphanumeric: R8. X5. CTS-V. Some of our favorite rides, but the marketing teams couldn't even muster the creativity to give them proper names. It's the automotive equivalent of a forfeit.
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