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Rht99,
Why?
All I did was share a bit of information about a neighbour. I certainly don’t deserve those comments. If you cannot add true value please don’t comment.
MB's incompetence has shareholders ejaculating over Blackrocks RNSs. It's a desperate situation. The silver mine is going to cost you an arm and leg. You'd think it was a nailed on project the way Dee and gang were styling it out. You've had a few follow up RNSs. I'm afraid to say this investment company is shaping up to be a George roach style dilution pit.
Black rock CEO talks graphite
https://www.youtube.com/watch?v=WSQR0V8-L2Y&t=1374s
This might be the bigger news rather than the mine
Such a great investment "that no one wanted it for years"Lucky old Armadale 😀
Wasn't AmTech crying about why the mine was shut?
No
Https://www.theguardian.com/business/article/2024/may/14/joe-biden-tariff-chinese-made-electric-vehicles
Biden announces 100% tariff on Chinese-made electric vehicles
White House levy to protect US makers from cheap imports likely to inflame trade tensions.
The tariff rate on natural graphite will increase from zero to 25% in 2026.
This is just coming out today from US gvment, they finally waking up to China dominance in critical metals.
This is brilliant news for graphite.
Also worth noting its natural only natural graphite they are hitting with tariffs, not synthetic.
And going by the history of your recommendations on the LSE, you're not somebody I would take advice from.
You talk way too much nonsense.
Looking at 2 year price chart silver price was as low as $18oz its over $28oz now.
.
Gold has risen hugely & it tends to pull silver up along with it .
Also along with the silver ore there's zinc & lead coming out of the area. This could be a great investment with silver price steadily moving higher.
Let them talk to themselves, Dee. Nobody else takes either of them seriously. Like I've said before, Amtech is in a lose/lose situation because if the share price goes down, his wallet get's hurt, if the share price goes up, he's been deramping the company for so long that his ego gets hurt.
The slightest bit of positivity, and Amtech and RHT99 are ready to pounce.
Wasn't AmTech crying about why the mine was shut?
There's an RNS that explains it, yet all he can do is find something else to moan about.
That’ll be GE’s job now, MB ain’t up to it.
You'd better hope geologist man is a lot more determined than he was getting mahenge going.
Matt bull is a geologist, seems pretty determined to get this silver/zinc project going.
RNS Number : 3186O
Armadale Capital PLC
14 May 2024
Armadale Capital Plc
('Armadale' or 'the Company')
Re-opening of the Canyon Silver Mine Shaft
Further to the announcements of 24 April 2024 and 2 May 2024, Armadale Capital Plc (TIDM:ACP), an AIM quoted investment company focused on natural resource projects, is pleased to announce further information on the assets relating to Africo American Incorporated ("AAI"), a company incorporated under the laws of the State of Idaho, the holding company of the Canyon Silver lead, zinc and silver exploration asset based in Northern Idaho, USA ("Canyon Silver"), as well as the Board's plan for future development of this asset.
Armadale Capital has subscribed for US$150,000 of the initial US$500,000 required to exercise the first option to obtain a 25% interest in AAI (as set out in the announcement of 24 April 2024). The funds will be used to commence the re-opening of the Canyon Silver mine Number 2 and 3 Adit.
By opening both Number 2 and Number 3 portals, the Board expects to be able to obtain direct access to the historical mineralisation. This will enable fresh samples to be sourced from the resource for further analysis.
The Board anticipates it will take 60 days to open up these portals, and further work will be considered to open up ore passes and other access between the portal to expose further areas of mineralisation.
Another important objective is to trace the outcrop of the mineralisation from Number 3 tunnel. Once the Number 3 tunnels have been opened and made safe, work will commence on the hoist room, re-timbering, and laying track. The deposit has been inaccessible since 1987 due to a cave-in, and the Board intends to re-open the mine to modern safety standards. With two open tunnels and modern geological techniques, ACP believe significant data can be added to the historical information of the mine in a short period of time.
The team will also be installing air and water lines, with a further objective to reinstall electrification up until the hoist room.
The spot price of silver continues to trade around recent highs at c.$US28 per ounce. Prices at these levels will have a material impact on the potential of the project.
Shareholders will be kept updated with progress as it is made.
4 years and counting
Imminent is 4 years so near term is probably about 8.
Still, how long is near term?
Seriously wonder how people don't bother to read stuff and yet invest.
You are right it is only half the stroy...... 2 other commodities are in the ore, LEAD and ZINC. Often many commodities come with other ones in the same formations.
Copper and gold
Copper and Nickel
Gold and silver
The main one has 'credits' applied from the sub commodities when working out the economics. So in this case you get Lead and Zinc credits. So X money from the sale of silver versus cost to produce silver Y, becomes X versus cost to produce silver Y-(lead and zinc recoveries).
Lucky Friday at a considerable further mining depth is circ $150/t and average ore selling prices are about $400/t. So anything around $100/t would be pretty good.
Many mines in these regions are bought and held by small timers, family units etc. This is one of those never really mined properly since the gold rush. In 1984 when not operational it appears someone went down and picked out promising ore and brought it up for a quick turn.
The time is right in the commodity cycle for a mine like this to get properly developed and operational and I very mush assume ACP has had access to thte historical data and sees a low cost, fast progress to being a cash generational business......Or by your thoughts only done a Google search on it and saw a postcard from the region.
I'm sure the best place to find commodities is where they are prolific -
Gold was first discovered in the Coeur d’Alene region in 1880, followed by silver in 1884.
Swiftly dubbed ‘ Silver Valley’, mineral production s tatistics for the region are impressive: over
a billion ounces of silver, 3 million tons of zinc, and 8 million tons of lead with a total
value of over $50bn, ranking the valley among the top mining districts in world
history.
The silver selling price is only half the story. If the cost of getting it out of the ground is too high then no-one will want to bother with it. I cannot believe that a profitable mine would be left in maintenance for 40 years. So what does ACP know that others have missed?
Historical silver prices
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
Silver only outperformed for one period in the 80s when those two chaps tried to corner the entire market.
Other than that? It was a dead decade for Silver.
Recession also, but then again a pint of milk was less than 20p
Certainly but not about graphite or did I miss it ?Or the proposed mine area enlargement plans which never came to anything or even any other African ventures although that was, if I recall, the aim at one time. So it's silver and lead now. I'll look out for more news in the future. A very interesting RNS.