Berkeley Mineral Resources Share Chat (BMR)

Signal Update Our system’s recommendation today is to BUY. The BULLISH THREE INSIDE UP pattern finally received a confirmation because the prices crossed the confirmation level which was at 2.6000, and our valid average buying price stands now at 2.6050. The previous SELL recommendation was issued on 5/9/2013, 11 days ago, when the stock price was 2.5210. Since then BMR.L has risen by +3.33%.Market Outlook Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity.
http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=BMR.L

double paste.

Yes, fingers crossed Eric. The longer it takes to finalise the PFS the longer will be the wait for production. It can be risky and potentially wasteful to design, build or construct anything until you are near 100% sure (as you can be) of the process. PFS is what is needed. That will be the trigger then it's just a "simple" case of making it happen. lol.

Ascot "has received the final batch of representative samples of the Washplant stockpiles sent to it from BMR's Kabwe mine-site in Zambia. Ascot is currently testing the samples and verifying its multi-gravity processing programme's ability to maximise recoveries. A Pre-Feasibility Study for the processing of the Washplant tailings into a combined zinc and lead concentrate is to be issued by Ascot when the verification process is complete and finalised concentrate levels are established. Preliminary studies by Ascot show the project can produce commercially saleable concentrates in the current calendar year with robust economics."

Reading the last RNS again one word in the final sentence above caught my eye 'Preliminary' studies show .....etc, so need the PFS for confirmation.

Ascot "has received the final batch of representative samples of the Washplant stockpiles sent to it from BMR's Kabwe mine-site in Zambia. Ascot is currently testing the samples and verifying its multi-gravity processing programme's ability to maximise recoveries. A Pre-Feasibility Study for the processing of the Washplant tailings into a combined zinc and lead concentrate is to be issued by Ascot when the verification process is complete and finalised concentrate levels are established. Preliminary studies by Ascot show the project can produce commercially saleable concentrates in the current calendar year with robust economics."
Reading the last RNS again one word in the final sentence above caught my eye 'Preliminary' studies show .....etc, so need the PFS for confirmation.

Sorry meant £50m

5p would not make Bmr worth £100m

you ramping

Just back read today's posts. Maybe we are finally on the move and without news! I think if we could get a good RNS and people could see production definitely coming we would move quickly. I do think a share price of 5p now would be a realistic price. That would only value BMR at £ 100m

I agree mate.
I am now in a position where I can wait. Was looking at 2012, now I can wait as long as it takes.
Don‘t want to as do many others! But we may have no choice. :-)
I‘m sure MA will come good, but he is making us earn every penny in being patient.

From RNS March 2013Ascot has provided the Company with a processing report for the Washplant tailings which commences with multi-gravity separation. As a result of the report produced by Ascot, the Directors believe that BMR can produce a concentrate containing not less than 40% zinc and lead combined, within the current calendar year. Such a concentrate would be suitable for immediate sale or for further processing

It is assessed that secondary processing, may beneficially increase the concentrate percentage and can also separate and recover other metals such as silver, cadmium and vanadium, known to be contained in the Washplant tailings. BMR intends to maximise value in the final product and Ascot's production team will be returning to Zambia in April to progress and develop the secondary processing procedures.

EPL has submitted its Mining and Processing Development Plan and its application for a Processing Licence to the relevant Zambian authorities. It is additionally currently preparing to submit its Environmental Management Plan so that all the necessary licences and permits will be issued and in place prior to the commencement of first production.

As soon as processing and sale of the Washplant tailings material is under way, Ascot will also be designing a processing plant for the Leachplant tailings and bringing forward proposals to mine and process the partly mined or un-mined ores in the former Kabwe mine itself.

looks good for furthur rises before news flow. I too think production before 2014, even if in limited capacity.