Berkley Mineral Resources PLC have a strategy of processing tailings at former mines as a mineral processing company. Their main focus at current is the extraction on zinc and lead from tailings Dumps in the Kabwe mine in Zambia.
I'm not so sure we will hear anything, fantastic week ahead potentially, for trouble makers IMO. If we do hear something can put everything to bed, one way or another. However, nothing heard and we have another opportunity for conjecture, misinformation and 'emails/phone calls'. I've not put a deadline on approval in my mind anymore, if it comes it comes and if not then when we're all screwed. Reasons to approve outweigh any factors for disapproval and only hope that everyone including the greedy folk still with their heads in trough screaming for more can see that.
RE: Thinking about
Agreed Seismic & that is just Kabwe. How much more complicated is this company when you add in all the other assets. An update on everything would be most welcome. Still expecting an RNS of sorts Thursday next week. Would be great to get something before then though! Cheers
the current situation, I can't remember a time when there was as much confusion as now. Deferral, cash issue reported in an RNS for expediting tailings production that some are claiming is for proving up underground resources. If it's for Hunan drilling survey why not just say so? will anyone mind?
On today's prices
Jorc and non jorc we have about 2 million tonnes of zinc. $2400 a tonnes. So just in zinc before we take any costs in, we have about $4.8 billion. And then there is exploration which could find more. Am I on the right course with calculations there
the calculations for the WPT using current metal prices as noted by Fireball: At date of DFS: Lead & Zinc $1,800/tonne, IRR 197%, NPV $18,671K (I still think the latter is miscalculated) At todays date Pb $2,302, Zn $2,456/tonne, IRR 268%, NPV $29,900K, equates to 1.34pps fully diluted As above but with stated 20% asset uplift, IRR 325%, NPV $37,500K, equates to 1.68pps fully diluted This is just a tiny part of what we own, excludes any other goodies & has a massive 70% discount built in. Looking forward to approval!
RE: Zambian Watchdog Article
Eric good post. When it stated complaints were shelved by ZEMA did Caledonia get the approval ? I did read the article some time ago
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.