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I really do not understand why the LSE allows such trading. Total waste of resources and a risk of system instability from misuse.
This is a good little video about VMS ore deposits and also a reminder that there is probably still much more to be discovered at Parys Mt. The video also reminds us of the metal deposition sequence in such deposits. https://youtu.be/lp27ORG3u5I?feature=shared Did the company ever drill any exploration holes from the subsurface workings?
Bubble
They show up on every share, it's an app that allocated loose change from purchases etc to shares be it tiny amounts
Lots of these small trades showing on a daily basis still
ENET, so ENET has gone up from £1.5m to £1.83m today ... say £300,000 for ease of calculation, and you have made £100,000 .... wow that means you own a third of the company, Im impressed hussy
Rerate value on assets alone must be 10p+, once parys mountain is proven up then a possible j/v or funding to take it to production would double the value imho
Another Stockbox interview with Alan Green who is re-iterating how excited he is about AYM and points to the material undervaluation and expected news-flow ahead.
When you listen to media like this following the analyst site visit you really have to wonder how the company can only be valued at £7m, basically option money.
Comment on AYM starts around 23 mins
https://www.youtube.com/watch?v=CYqb4taFcFM
600,000 buy interesting
A decent twitter pic of the core was published by Anglesey Mining earlier. Also a clip from the recent interview with a comment from Alan Green on the site visit.
Core pic - https://twitter.com/AngleseyMining/status/1748241263403430373
Alan Green comment - https://twitter.com/Alan__Green/status/1748358703848337806
Put your metal detector away then
That poor hill must be like a sieve by now! Lol. 🙄
Blackhopper 10-20p rating could be achievable for AYM based on cured activities and assets imho 12year mine life estimated adds to rating imho
Good detailed info Brentharg many thanks
Newbies may not quite grasp some of the numbers in today’s announcement. The expressions CuEq means “given that there are five different metals in the sample, a simplified way of stating its value is to pretend it’s all copper, and this is the copper equivalent”.
The units of the three base metals (copper (Cu), zinc (Zn) and lead (Pb) )are stated as a percentage; the precious metals with much lower concentrations but with much higher value are quoted in grams per tonne (g/t).
Another thing worth knowing is the distinction between inferred and indicated resources. The former might be paraphrased as “there is strong reason to believe that X is down there” and the latter as “having spent all this dough on drilling we can now damn well prove that there is X down there”. When AYM borrows the £50m necessary to commence digging the lenders want to be certain they’ll get their money back plus a handsome return, and that certainty is based on indicated resources. The current drilling program has allowed inferred metals to be upgraded to indicated.
Some very nice grades in there.... would love some more core photos on Twitter... always good
holes 2 and 3 from same location so hole 3 should come fairly soon too.
If they are all good then AYM will not be under 2p..... Happy Friday!
12 year mine life in wales estimated !!,just what they need imho how many locals ,experienced staff is that going to employ
Second drill nearly at target depth aswell
Wow great results
Deep!
Parys Mountain drilling returns strong assays including 22.0m at 3.7% CuEq
Anglesey Mining plc (AIM:AYM), is pleased to announce that the assay results have been received from the recently completed drill hole NCZ001. Drill hole NCZ001 is the first hole from the infill drilling program of the Northern Copper and Garth Daniel Zones at the Company’s Parys Mountain Cu-Zn-Pb-Ag-Au VMS project on the Isle of Anglesey in North West Wales.
Drill hole NCZ001 was designed to provide a repeat of the historical drill hole H34, drilled in the early 1970’s, which intersected three mineralised zones that bulked out to 146 metres at 1.2% copper equivalent (CuEq). Due to the deviation of NCZ001, the intersection encountered is estimated to be approximately 75 metres up-dip from the H34 intersection and provides a valuable infill pierce point.
Garth Daniel Zone – Hole NCZ001
22.0m @ 2.3% Cu, 2.8% Zn, 1.3% Pb, 5.0g/t Ag and 0.03g/t Au (3.7% CuEq / 9.2% ZnEq) from a depth of 559m, including
4.0m @ 5.2% Cu, 5.0g/t Ag and 0.03g/t Au (4.9% CuEq) from 569m; and,
6.0m @ 2.5% Cu, 9.9% Zn, 4.7% Pb, 10g/t Ag and 0.1g/t Au (6.1% CuEq / 17.4% ZnEq) from 575m
Northern Copper Zone – Hole NCZ001
Significant intersections include:
11.0m @ 0.6% Cu, 1.4% Zn, 0.5% Pb, 9.0g/t Ag and 0.4g/t Au (1.3% CuEq / 3.6% ZnEq) from a depth of 503m including
4.0m at 1.1% Cu, 2.7% Zn, 1.0% Pb, 16g/t Ag and 0.7g/t Au (2.4% CuEq / 6.9% ZnEq) from 510m
63.0m @ 0.6% Cu, 0.06% Zn, 0.03% Pb, 3g/t Ag and 0.2g/t Au (0.7% CuEq) from a depth of 362m including
16.0m @ 0.9% Cu, 0.05% Zn, 0.02% Pb, 3g/t Ag and 0.2g/t Au (1.0% CuEq) from 382m
7.0m @ 1.3% Cu, 0.11% Zn, 0.05% Pb, 5.5g/t Ag and 0.2g/t Au (1.3% CuEq) from 404m
13.0m @ 0.5% Cu, 0.05% Zn, 0.01% Pb, 2g/t Ag and 0.1g/t Au (0.5% CuEq) from a depth of 455m
***CuEq and ZnEq grades are based on recovery factors and commodity prices as detailed on page 9 of this release***
Andrew King, Interim Chairman of Anglesey Mining, commented: “We are very encouraged by the broad widths encountered across both the Garth Daniel and Northern Copper Zones in NCZ001. In particular, we are excited to see the significant intersection within the Garth Daniel Zone. The 22-metre intersection grading 3.7% copper equivalent we believe continues to demonstrate the prospectivity of the Parys Mountain mineralised system.”
“Infill drilling of these mineralised zones will play a crucial role in the development studies for Parys Mountain. The primary target for this program is to provide additional pierce points to enable the current Inferred resources to be upgraded to the Indicated category. The second drill hole, NCZ002, is currently at a depth of around 360 metres with the Northern Copper Zone target estimated to commence at a downhole depth of around 420 metres”.
The small trades are down to these apps where you allocate spare cash to shares, they pretty much always go through at full ask
Small buys again this morning never understand the reason for these small trades unless it’s the mms doing it
Am going to buy more this month ,unbelievable price atm considering asset value imho
Drill results should be any day now
We're all getting old, I look more like Uncle Albert with every passing day.