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Just reading the RNS from back in April, this is what we need to be mining right now.
Ming North Zone Drilling Program
§ R21-785-01
· 25.44m @ 2.06% Cu with 1.06 g/t Au
§ R21-785-02
· 15.75m @ 4.97% Cu with 1.94 g/t Au, including
· 10.75m @ 6.51% Cu with 2.39 g/t Au
§ R21-785-12
· 12.00m @ 2.90% Cu with 5.68 g/t Au
§ R21-785-17
· 11.00m @ 4.32% Cu with 4.71 g/t Au and
· 48.59m @ 6.30% Cu with 1.85 g/t Au
Toby Bradbury, President and CEO, commented:
"We have been awaiting the precious metal assays for some time. The receipt of this data provides the opportunity to provide a comprehensive update of our mineral resources which we will complete in the near term.
Gold makes a useful contribution to our cost structure and enhances the overall value of our project. The higher gold grades associated with the higher copper grades of the massive sulphide zones Ming South and Ming North in particular, make these ores even more attractive in the overall mining blend. In 2022, the Ming North Zone will be targeted in such a way that we optimise grade and recovery from the operation."
have bailed out. Despite buying more last week at around 4p my average was still near 20p mainly as a result of buying back in January 2021 and I really cannot see the price approaching breakeven for me any time soon. Good luck to all those others who also bought early last year when this looked a really good prospect.
Whilst desireable to install an ore sorter to reduce costs I do not see this as priority in the short term. I remember Cornish saying that an ore sorter comes into its own when trying to sort low grade ore but not with high grade ore. We should focus on mining as much high grade ore as possible to maximise revenues and mitigate the lack of an ore sorter in the short term.
> who have thrown the financial management book in the bin.
That's rich, this statement assumes they had one to begin with.
Continued to de damp
Dj got banned because he sold
Nice try but sorry I'm not DJRyan. I'm sure he would come on and confirm the same but judging by his last post on HZM he has left aim altogether. The link to HZM is clearly in the context of a good company, that I know reasonably well, that has just completed a discounted placing.
I'm slightly negative here (at the moment!) because of the failings of the board. There is no doubt that Ming Mine is a great asset but its managed by a bunch of idiots who have thrown the financial management book in the bin.
I'm watching and should they manage to get a good deal away, I may consider it.
Definitely not DJ!
Good catch - but aren't his posts too short to be DJ?
Welcome back DJ, more repetitive **** on its way :)
Rambler Facebook account back again ..
What do Moonboys charts say?
Take over offer is coming soon .40p+ ....all shareholders will be benefited including BM,TB(who bought with his own money few
Months ago),new gen(who got @35p),hancon ( who took @29p for their mining work).
Joined 4th October, mentioned HZM already, deramping RMM and excessive amount of messages. Welcome back DJ, shame you couldn't select your old username.
For anyone that's interested...Discord
https://discord.gg/JUNnXvRh
Pleasant surprise, I thought the pump and dump boys were back in town
Is news coming or is it to lure you on for dilution,not sure will wait for rns,boom or not boom that is the question
Some kind of offer for the company can't be far away??
2 positive news items for copper prices:
Reduced Chile production:
https://in.investing.com/analysis/copper-rose-as-chiles-copper-production-fell-102-in-august-200543273
and the London Metal Exchange restricts new deliveries of copper from Russian firm Ural Mining & Metallurgical Co.
https://www.nasdaq.com/articles/lme-sets-conditions-on-new-metal-deliveries-from-russias-ummc
Multi just pray they don't dilute us heavily and manage loan from somewhere else .
I like your scenario multi, the one important thing is we are not 3 or 4 years down the line and even if we were there would be different criteria affecting the SP and company alike.
Any lock in would be well below current price, especially given market volatility.
We need 4 dollars plus
Now rmm can lock in price
That's less than the drop in the value of her ARKK fund in the past year.
Cathie Wood (somewhat prominent figure in US investment space) actually has a rather dire outlook:
https://nitter.it/cathiedwood/status/1569182368954724352?lang=en
In case link gets censored, predicts a >30% drop in copper.