Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hi RedLee. Many many thanks for your indepth answer. From what i can gather we need the 2018 drill results to be good and higher priced end products to make this interesting to big miner, not there yet. ATB Speedy
Thanks for sharing your thoughts Red.
Lower grades but possibly a longer LOM.
One thing for sure who have that extra resource it's in the bag we have been told by the BOD..
Just waiting for them to update us with the final numbers
Blumagnet/RedLee, I was just about to ask that exact question.
Red Lee
I assume those figures you've mentioned does not include 2018 drill results..
Once we get an update to 2018 drill results surly our total revenue will be a lot more than $7,712m
Hi RedLee. Thanks for the info. Thought it was too good to be true. So laying out over the LOM $4.7bil will give a net profit of $3bil. Question, is the profit margin enough to attract the big boys? ATB Speedy
Hi JoeBass. A cool $2bill in the ground just in palladium. Sasas statements that "value will out" must be coming to fruition shortly. When will the finance be announced? I think the SP now is at a level where the down side is minimal but the spread is a problem. ATB Speedy
Our known palladium resource value is now a cool $2,015 billion, come on RY, where's the promised resource update? ffs.
Market manipulators playing their games this morning.. Buys well outweighing the sales but showing red!!
Today will be a blue day IMO
Good morning all.
That's a very enlightening and thought provoking post you make Mr Bass.
I think Palladium will reach $3,000 per oz, soon, very interesting comment you make regarding gold too.
RNS today shows some progress.
KTF.
RNS - another step forward!!
JB great post..
I just wanted to say,
If your right regarding the value of our by products then we definitely need to build our own smelter
This palladium story is becoming more intriguing. From my post of 8th Jan to date, the value of palladium we have, without knowing the updated figure, has risen $88 million - £68 million , that's in the last 7 days. The value of the known palladium numbers now stands at $1.963 billion.
We are told the upgrade is substantial, what impact will this have on the byproducts? Lets assume it's 25% across each product, that puts palladium at 1,150,000 /oz = $2.46 billion, not an insignificant number for a byproduct and for a company with a derisory mcap of £16 million. Roman Abramovich puts more than £16 million per month into Chelsea FC.
Whats the real reason for keeping this upgrade from us? is the upgrade not substantial? is it more than my assumption?
Whats the true figure for amount of gold, platinum, cobalt and palladium combined? Upwards of $5 billion ?
We were told some time ago we had 3 tonnes of gold, it's never mentioned anymore, why?
If we have only 3 tonnes, my guess it's significantly more, then today's in ground gold value is $163 million. Some time back I posted a map of large gold anomalies in Russia, our license area is in one of these gold anomalies , but this is never mentioned.
Check the map on page 21 of pdf.
http://urbansustainability.snre.umich.edu/wp-content/uploads/2011/04/RFE.05.pdf
Just for fun with my 25% uplift, aimo,
Nickel @ $8/lb = $27 billion
Copper @ $3/lb = $2.8 billion
Byproducts = $ 5 billion
That's $34.8 billion all for a poxy £16 million.
At the rate palladium is going, it won't be a byproduct it's becoming more valuable to AMC than copper.
Why has TB joined the board and shelled out 200 grand, he clearly knows what we don't. I bet he's fully cognisant of Russian gold anomalies.
That's the big question now, what don't we know? and WHY?