George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Shargare- hadn’t seen that interview before so thanks for posting , having just watched it what is clear the drill bit has seen plenty of work . I wonder if there are results that have still not been declared ??
Alien jackpot!!
Platapus posted the following video (Wide range of topics relating to Green energy and PGM's).
https://www.youtube.com/watch?v=zgb6oy0OJM0
Interestingly, he refers to Rhodium and supply concerns.
Eurasia was mentioning Rhodium as exciting at $5000/ Oz in October 2019.
This Kitco interview mentions concerns in availability when Rhodium was $13,000-$14,000/Oz.
Fast forward to 2021. Rhodium is currently $29,000/ Oz.
It is also interesting that after being pretty stable for 11 months of 2020 another rare metal Iridium has tripled in price in the matter of 4 months. It is now >$5000/Oz and could do a Rhodium if it continues at this rate of increase.
Eurasia, has both Rhodium and Iridium.
Eurasia terms its self as "Eurasia Mining plc, the palladium, platinum, rhodium, iridium and gold producing company."
Why would Rhodium be so expensive?
There is no such thing as a primary rhodium mine, and the major producers are all located in South Africa.
and...….
There is no such thing as a primary Iridium mine, and the major producers are all located in South Africa.
They are obtained as by-products from already rare PGM mines.
An interesting bit of trivia.
It is also worth noting that anomalous deposits of iridium can be found throughout the world at the 65 million year old interface between rocks of the cretaceous and tertiary eras. Such concentrations, thousands of times greater than that normally found in the Earth's crust, are believed to have arrived extra-terrestrially. Their presence is held up as evidence by supporters of the theory that a massive asteroid collision with our planet was the cause of the extinction of the dinosaurs at that same point in geological time.
GLA Sharegar.
Indeed it's all speculation here and everything needs to be taken with a grain of salt.
People should make up their own mind. Offers a rarely at multiples of the prevailing price.
I calc £1.,80-£2.20 on what info we know. Prob is, EUA have not disclosed what resources its has.......we are left guessing...........so Hoochy could be right! (who knows?)
Said it previously. I'm heavily invested here. Just don't like the misleading posts.
Sibyane stillwater has a valuation of £10bn. Generate substantial revenue, profit and free cashflow. This is the starting point of where we could be in a number of years and after significant development and expense. I'm taking 50-75% discount on this. This gives a price of between 90-180p.
Top end on this is extremely best case scenario.
Billions Mr. 15 posts, why don’t you check the maths and give us your calculations smart arse?
Hoochy might be wrong, he also might be right, but what he does do is give his clear reasons based on information available
Bushveld has its problems !https://youtu.be/zgb6oy0OJM0
Maybe EUA have the solutions?
The 2nd best Dmitry interview for anyone who has not seen it yet.
https://www.youtube.com/watch?v=O_mRzxooAzg&t=158s
We all know that Monchetundra, now with flanks is our main asset.
However, I am not sure how far WK is behind.
In the video at 4:50 Dmitry gives very interesting information regarding grades at WK. That is that they have been consistently 3-5 times higher than the Feasibility study values.
Therefore I conclude that there must be much more PGM's at WK than we think.
Remember, the mining area is comparable with Monchetundra and WK is the area that Dmitry was referring to when he talked about Rhodium excitedly in the Proactive interview from 2019.
One question I have.
How deep will these mines go? Remember that most mining operations find out that there is more increasingly rich ore as they go deeper.
GLA Sharegar.
I'm with Hoochy. CS has over 40 years in mineral exploration experience. They've been drilling that area for 15 years. They know what's in the ground. If the BOD (DS) says it rivals Bushveld then who are we to query.
Which is why I'm quite content to see the sp bobble along as it is.....
Exactly bushveld is a vast area. The comment about similarities has been blown out of proportion it does not just relate to our licence area only it covers the whole area around Eurasia rights.
If our resources are found to match the Bushveld complex then I will "Doff my cap" to you Hoochy and I will apologise, Do not forget that the Bushveld complex covers a VAST area. The question is are the "grades" comparable or the actual total resources? If it is proven that you are correct you will see me on the top of Nelsons column, dressed as a pirate drinking a rather large rum!!!!!!!!!!!!
But is BPs assets in as high demand as EUAs. Id say not! However i agree in the terms that £35 is way far fetched.
Between £1 and £5 a share is realistic and a strong possibility.
Id be happy with £2.50 plus
Sir Hoochy KEEP SAFE
£35 is approx £100bn. That's bigger than BP, who had £140bn in revenue.
I think someone needs to check the maths again!!
Hoochy may not be quite as mad as some believe, the longer this goes on the more i am convinced there is more in the ground than we have been told so far.
What your prediction then? £35 or £3.50?
Hoochy. Can I suggest a little more water with the scotch, tell you what I get £50 a share and I get you a 30yr old macallan
Gary you and Hoochy need to get a room
I would take £1. Trick is not to be greedy. In my experience the deals are never as good as those touted by BB buffet wannabes.
Gary pal get your head out of Sir Rowkas backside
What’s the calculation You used to get £35?
A nice dilemma to have, Aston :)
You can always top-slice. Everyone's exposure here and financial situation is different. I would probably sell a quarter of my holding if it reaches a quid but that is just me.
GLA.
I can assure you that I have done my homework here, like I do on every share I'm invested in!
I have complete confidence BUT not in unproven figures.