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You think John Kearney and Danesh Varma are invited to the gathering 🤣🤣
Not far off 10 p target then
Post from the other place and new comment on AYM
New interview with Alan Green, AYM selected as a share to watch in 2024
'Parys Mountain worth 6p/7p a share alone'
https://youtu.be/k1CgYhyNXAM?feature=shared
AYM featured 27 minutes in.
Https://x.com/AngleseyMining/status/1738550679340294284?s=20
Another positive Tweet in AYM's charm offensive.
Sounds like a fun-filled gathering, John!
May I add my own best wishes to all LTHs who, like me, have persevered with AYM over the decades. Season's Greetings and let's raise a glass of Cwrw Sir Fon (or whatever) to long-awaited success in 2024!
Amidst the general jubilation at the news that Jo has agreed to become a non-exec director of AYM, just a reminder that the ceremony to mark his departure as CEO is still going ahead.
Outline programme is:
Gather at drilling site on Parys Mountain.
Opening remarks by sharehuzzarski.
Long but uplifting speech by Brentharg.
Exactly the same speech repeated by Bubble.
Traditional floral dance by local virgins: presentation of ceremonial bucket to Jo.
(After press photos, interviews etc)…
Adjourn to the Dinorben Arms for a true Amlwch knees-up.
Full details are available.
Seriously though folks, I wish all genuine AYM shareholders a very happy Christmas and a prosperous (yes, very prosperous!) 2024.
John
Thanks Brentharg
Very interesting to read. Mad things those Cosmic rays!!! The Chemistry/Physics reads like science fiction but a cool way of locating and proving the presence of denser material/elements in rock strata. Will be very interesting to see the results.
I assume the tool used is not available at Argos hence not wanting to risk it's loss in a fracture section of drill hole....
Brentharg some really good detailed info there on the process possibly being used many thanks for your info
Core samples look very good today
There’s an archaeological dating process similar to carbon dating, but applying to minerals. It’s dependent on cosmic rays from the Sun or elsewhere in the galaxy knocking chunks off the Calcium in limestone, creating a measurable amount of Chlorine - a “cosmogonic nuclide” (isotope). This enables scientists to measure length of exposure post-quarrying.
These cosmic rays penetrate dozens of metres below the surface, creating muons as a by product. Measuring these live subatomic particles from inside a drill hole (think ‘Geiger counter’) reveals how much dense matter is above the sensor: a layer of lead, say, will cause a quietening of the signal compared to less dense material.
It’s a superb new technology and I’m glad that on Jo’s watch these modern whizzbangs are being employed. There must be some very clever subcontractors working for us on this. It all adds to the reliability of the economic case for mining operations or, put another way, reducing risk for investors who want to be sure they’ll get their money back and then some.
My hope is that Grangesburg will be sold off for a sum of money sufficient to bring Parys Mountain into production. But even in that scenario the economic case would be just as relevant - to safeguard AYM’s own money.
Expectations for the Parys Mountain assay results are high. More on social media today
https://twitter.com/Alan__Green/status/1738125708998672439
Jo Battershill, Chief Executive of Anglesey Mining, commented: “We are very pleased to have finished the first drill hole into the Northern Copper Zone and get confirmation of both our geological and mineralisation models. The mineralisation from the lower zone, currently interpreted to be the Garth Daniel Zone, is particularly encouraging. As previously disclosed, the samples from this drill hole will be sent off to the assay laboratory as soon as possible and we look forward to potentially receiving the results during Q1 2024.”
“The next hole in the program is designed to step out 200 metres to the southwest and provide infill drilling pierce points within the Northern Copper Zone. Converting the upper levels of the Northern Copper Zone from the Inferred category to the higher confidence Indicated category is the key objective of this program. Our current planning is to drill two holes from the new-collar position to reduce any down time between holes – changing the angle of the rig should ensure the targeted pierce points are achievable.”
“We were originally planning on completing the downhole Muon survey on NCZ001; however, a zone of broken ground at a depth of 390 metres – interpreted to be large fault – would present a risk to the survey tool and increases the chance of losing the tool down the hole. Subsequently, we will aim to conduct the Muon survey upon completion of the next hole.”
Anyone technical know about the Muon survey process???
Big buys popping up I see
Back in AYM.... wish it had been a month ago...
Sexy looking core and hopefully lots more of that to come...
Serious resource of the metals we will need... right here in UK. Several big holdings RNSs
Buy and wait. Not always everyone's favourite strategy but looks like there is plenty of metal down there. Need to get a nice fat indicated resource!
Brentharg indeed the future looks positive for aym
From today’s Half Yearly Report in the words of new Chairman Andrew King: “Over the course of the next year, we look forward to advancing the Parys Mountain project and to optimising the ownership and potential of the Grängesberg iron ore project.“
Has anybody thought there might be a J/V pending ,interesting buys are still coming in
Sadly, it's not our assets that are the problem here! It's the BoD! For as long as they are prepared to take a wage for re-cycling the same rumours (drill on site, holes drilled, samples sent for testing.... again and again!) Then we will either continue to stagnate, or eventually dry up completely!
Good post, Catbert. I totally agree that this business is grossly undervalued.
But I must point out that NAV - net asset value - is the gross value of the mineral assets less all the various costs such as extraction, concentration, transport, smelting, finance. Parys alone has an NAV of dozens of millions. As you say, this is many multiples of AYM's current piddling £7.35m.
Besides our holdings in Labrador, we have two green metals projects with a combined NAV in excess of £1 bn all for a market cap of a piddling £7.35m.
The market would seem to be saying that neither Grangesberg nor Parys Mountain has a hope in hell's chance of becoming a mine and yet the project economics of both are now compelling and the need for green metals is front and centre as a global political issue and a major talking point at Cop28.
Parys mountain has been a long slog as has Grangeberg but the world is now a vastly different place to what it was when these two sites were closed as mines.
The market price reflects years of false starts and delays it reflects a history of investor disappointment. It reflects a world which was looking backwards to the past.
I believe that we are now due to enter an era with a different way of thinking, one which is forwards looking. In a world like this the assets of Parys Mountain and Grangesberg are stunningly undervalued and will be desperately needed.
£7.35m for NAV > $1Bn. This must be the bargain of the century. Even if Aym were simply valued on a low % of NAV say 5% we'd be worth 5 times what we are now and that is without opening a mine on either of our assets.
The value here is off the scale. IMHO both projects are feasible.
GLA DYOR.
European tariffs to USA suspended may look good for aym if they keep Granesberg producing and their Canadian asset
Ok, just discovered most of the hydrogen gas storage research was done in Grängesberg way back in 1995 so probably not relevant to AYM, but still interesting
SSAB, LKAB and Vattenfall are giants.
From Wikipedia
SSAB "SSAB is the largest steel sheet manufacturer in Scandinavia, with its blast furnace, coking plant, and steelworks located in Luleå and its rolling mills and coating plants in Borlänge"
LKAB "(December 2023) Luossavaara-Kiirunavaara Aktiebolag ( LKAB) is a state owned Swedish mining company. The company mines iron ore at Kiruna and at Malmberget in northern Sweden. The company was established in 1890, and has been 100% state-owned since the 1950s."
"LKAB's chief assets are among the magnetite orefields of northern Sweden. Its corporate headquarters are in Luleå and the main production sites are in Kiruna (Kiruna Mine) and Malmberget, close to Gällivare."
Vattenfall "Vattenfall (then called Kungliga Vattenfallsstyrelsen or Royal Waterfall Board) was founded in 1909 as a state-owned enterprise in Sweden. [9] [10] From its founding until the mid-1970s, Vattenfall's business was largely restricted to Sweden, with a focus on hydroelectric power generation." Underground pump storage has been mentioned in previous posts, so Vattenfalls involvement in Hybrit is interesting. So we have mention of Grängesberg for use in pumped storage and hydrogen storage. And we have major Swedish businesses looking at these solutions in Grängesberg for the production of green steel.
This maybe all totally unconnected with AYM's share of assets in Sweden, but I'm certainly happy to have shares in AYM after this research. DYOR. No investment advice intended.
Hybrit - " SSAB, LKAB and Vattenfall are making a unique joint effort to change the Swedish iron and steel industry fundamentally. Under the name HYBRIT, we are working together to develop the first fossil-free steel." https://www.hybritdevelopment.se/en/
Hydrogen at Grängesberg was recently mentioned in a post. I came across this, Grängesberg is mentioned in connection with mass storage of hydrogen in underground caverns for use in green steel production. Extremely interesting and a must read, this sounds very exciting. See https://www.sciencedirect.com/science/article/pii/S1674775522000774