NAU: Presentation by K-A WaplanPresenter:
K-A Waplan, Northland Resources
- RMG 8th Annual Exploration and Mining Investment Conference – November 2011
Financing:
The financing we are working an a logistic Joint Venture possibility in parallell with a total financing of the whole project. So we are persuing two options in reality.
The key partners in the logistics are PEAB, Savage and Grieg logistics.
We are continuing the discussions with the three lead banks Societe Generale, Unicredit and WestLB.
We anticipate to be finalizing the financing in Q4 2011. "I mean the banks...we are all europeans, but we have had an extremely good support from them, and they're really pushing us forward to get this financing done, so we have got very positive signals from them that this will happen during the fourth quarter."
Logistics:
The road is ready for 60 tons trucks today. Dispensation for heavier trucks expected in November 2011.
The Narvik Port will be ready for shipment in Q1 2013.
Iron Ore price
We saw during septmber-october that prices fell to around $119 and we saw the same drop a couple of years ago. That seems to be where we have the marginal cost for the chinese mines.
Pellivuoma
Pellivuoma, abouth the same ore type as Tapuli and Sahavaara, will either extend the life of mine or increase the production volume.
Hannukainen:
The NPV (net present value) in the PEA based on prices that was substantially lower than the prices we have today.
The underground study - we see good opportunity to increase the production and extend the life of mine.
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