Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on CRADLE RESOURCES LTD. We currently have 4 research reports from 1 professional analysts.
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CRADLE RESOURCES LTD
CRADLE RESOURCES LTD
A point of principle
31 Jan 17
Cradle Resources has a 50% interest in the Panda Hill niobium project in Tanzania. Unlike other niobium projects, its geology and metallurgy are almost entirely conventional. The flotation process at Panda Hill is similar to Niobec, for example, while the leach process is based on Catalão and the converter process on some of the principles from the final stage of the CBMM pyro-metallurgical circuit. On 20 April 2016, Cradle announced the results of a definitive feasibility study (DFS) on the project compiled by MDM, Coffey, SRK, SGS, SLR and Roskill (among others). Cradle is currently optimising the DFS before making a final investment decision in Q217. Assuming that it is affirmative, Panda Hill will then be poised to become only the world’s fourth producing niobium mine.
11 Aug 16
In Panda Hill, Cradle has a 50% interest in a unique niobium asset in Tanzania. Not only its geology, but also the majority of its metallurgy is entirely conventional. As such, it is poised to become only the fourth mine in the world to produce a metal so unique that its price did not fall during the 2008/09 global financial crisis. Niobium is deemed ‘strategic’ by the US and ‘critical’ by the EU. Moreover, it is almost the only metal in the world in which China’s consumption is below trend for its GDP per head.
Lucrative Panda found in Tanzania
20 Apr 16
Cradle has today announced the results of the DFS on the Panda Hill Niobium Project. Cradle’s 50% share of NPV10 equates to US$1.50/share, ie Cradle’s shares are currently trading at just 13.5% of the value of its share in the project. Assuming that its share of initial capex (US$102.2m including working capital) is 50:50 debt:equity funded, it will therefore need to raise just US$51.1m (A$65.7m) in equity finance to advance it. As such, Panda Hill is poised to become the world’s first new niobium mine in 40 years, accounting for c 6% of global production.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.