You all know I am a serious investor here... 1laffer will also know this...
When you attend AGMs and hang onto the words of your MD etc you think there is no clearer news this is out of the horses mouth. When you eat at the same table as masoud and share steak with the chap you also think to yourself yes this is real and yes this guy is looking me square in the eyes.
I know I am doing a lot of questioning and I know a lot of you may not like what you see. You must realise all I have done is go through the RNSs in the time line they have been presented to us ... I don't need to bend the truth or make Masoud look worse than what he already does..
Economical with the truth? Or are we just not seeing the big picture here?
What Is the plan..
Every business have a business strategy... Where is ours? Are we ever meant to find out?
It seems we have everything supposedly ready to go... yet theres constant tweaking etc. Tedious
Something is clearly missing as people have said...
Is anyone out there in Kabwe? Does anyone have contacts out there?
fsstback. I believe that our Kabcop project was scuppered when SZK mothballed their plant. As part of their process they make Sulphuric Acid as a bi-product. This acid is needed to leach oxide-type copper ores which we were intending to process. When the SZK plant shut down our supply of acid went with it. IMO.
That £600k will be gone befoe we know it, which should take us nicely to a huge chunk of BMR going to a privae company and hellish dilution. IMHO.
Looks like we are checking the work done before. No metion of copper which MA was banking on. Maybe the new chap doesnt quite believe we are sat on all this stuff and there is no real profitable way to shift it.
Anyway, we'll wait. We dont have much hope, but I can see a huge shareholder dilution coming.
BERKELEY MINERAL RESOURCES PLC ("BMR" or "The Company") Final lead and zinc flowsheet design under way Berkeley Mineral Resources, which is primarily engaged in processing mining tailings at Kabwe, Zambia through its wholly-owned subsidiary Enviro Processing Ltd ("EPL"), announces that it is making good progress towards production, following its receipt of project approval from the Zambia Environmental Management Agency ("ZEMA") detailed in the announcement of 19 August 2014. LEAD and ZINC During the assessment by ZEMA of EPL's submission, EPL was temporarily prevented from carrying out any further technical testwork at its Kabwe site. It did however continue to conduct metallurgical studies and test alternative gravitational solutions, with all work conducted off-site. It also commissioned a desk-top study of leaching solutions for processing both the washplant and leachplant tailings. Since receipt of the ZEMA approval, EPL has continued its testwork programme, evaluated the results of the desktop study and expects to receive within the next month a revised simplified flowsheet for the Definitive Feasibility Study ("DFS"). The Executive Summary of the DFS is available on the BMR website at http://www.bmrplc.com/lead-and-zinc. The simplification of the gravity flowsheet is expected to provide a more robust and manageable process that should enhance the already attractive economic returns reported in the DFS.
Additionally, BMR is reviewing proposals it has received from interested parties for co-financing the project. BMR therefore expects that it will have all the necessary information to make the final processing decision. In order to co-ordinate and manage the processing, BMR has engaged the services of Dr Geoffrey Casson B Sc., PhD., who has extensive previous experience of base metals mining and processing in Zambia, principally with the State-ownedmining company, ZCCM. COPPER PROCESSING Following the successful Proof of Concept trials which resulted in production of 92% grade cement from EPL's copper plant at Kabwe in February 2014, further work was halted pending the ZEMA decision. EPL has received and is reviewing a proposal for supplies of copper feedstock concentrate which would call for substantial expansion of this facility. Masoud Alikhani, Chairman, commented: "We remain clearly focused on reaching the position where we can order, install and put into operation the lead and zinc washplant tailings processing plant which will maximise BMR's returns. Since receiving the ZEMA approval, we have commissioned the final studies and put in place the management resources to achieve this aim in the shortest possible time."
TOTALLY ANNOYED NOW – FINAL STAGE FINAL STAGE FINAL STAGE
PROPOSAL FOR COPPER SUPPLIES? NEEDING TO EXPAND IT BECAUSE THERE IS SO MUCH DEMAND…CLEARLY… ARE THEY BEIN
Masoud Alikhani, Chairman, commented: "While we await the receipt of ZEMA's final decision, I am very pleased with the thoroughness of the preparatory work that has been done at Kabwe. Our team is working very hard to ensure that we have everything in place to enable us to begin processing once we have approval." This release has been reviewed by Dennis Human, B.Sc. (Hons), Bus. Admin (Hons), MGSSA, Consulting Geologist to the Company, who is a Qualified Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies.
BEGIN WORK ONCE WE GET APPROVAL?
11th June 2014 RNS
Masoud Alikhani, Chairman, commented: "We are pleased that the Agency has confirmed that they have reviewed the main details of EPL's submission and fully understand that ZEMA should wish to consult with all relevant organisations. Whilst we await the receipt of ZEMA's final decision, we will continue to ensure we are in readiness to begin our processing plans once we have approval."
ENSURE READINESS TO BEGIN PROCESSING?
19th August 2014 – Zema Approval RNS
Masoud Alikhani, Chairman, commented: "We are delighted to receive approval from ZEMA for our plans following their full review. From now on, our focus can and will be on commencing production. We will also be concluding off-take agreements for sales of the metals into world markets".
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