George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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@saint
"The commercial chance of development at 80% which would have been about right at $40 oil, but net cash returns are clearly increased dramatically If selling barrels into the market at $85+ "
Agree with above. No brainer.....
So glad I ignored smithy and continued to invest here at 0.33.
This could easily hit 1p by end of this calendar year!
0.50 should be here soon.
FOMO will kick in even more when this hits 0.50
Looking good to blow the lid off
Off she goes again
Just had another look at
https://www.towerresources.co.uk/wp-content/uploads/2020/03/Summary-Reserves-Resources-Valuation-Report-Tower-Resources-Cameroon-Assets-Effective-Date-10th-March-2020-Publication-date-12th-March-2020-Final.pdf
Seems I was completely wrong about the 80% figure.
The ones I found previously were as I described the commercial variety BUT there is one for Phase 1 on page 12 which is the probability of development, which unless I am going gaga is a before drill result value.
I have never seen it before as a single stand alone figure, it is normally calculated from the given GCoS * CCoS in a table.
So apologies if I have misled anyone.
On the one hand it makes me very happy to be wrong but on the other I don’t see how it fits in with the Key Risks on P27 - questions raised about the range and quality of data previously collected.
A simple explanation could be that where they are targeting with the first drill seems well understood, the questions lie elsewhere.
ZPHR did more than 10 x bag in 12 months.
I saw ZPHR at 1.55p but did not jump in.
ZPHR - 52 week price range:
0.55 - 7.89p
TRP very much primed to follow same trend and more.
BTW £400m would be the low end MCap imo.
Potential future MCap could be lot lot more.
@saint
I think TRP would more than 10 x Bag.
I got this on 50 x Bagger list with £400m MCap once both Cameroon and South Africa come in.
£8m MCap is plain ridiculous when TRP can attract $15m farm in partner.
Brent crude at $86 and expected to go well over $100 / bbl.
Amazing, 10 bagger since this morning..... :D
But yeah it's beginning to move now
Saint
Agree. £8m is just hilarious. Trying to tuck away as many before wider market comes in pal.
No brainer at this price. 0.68 would be retested and then some.
Some big hitters starting to nibble on this one.
Always a good sign.
Be good to get closer to 0.5p before news.
Easy do 1p+ then over a couple of sessions.
It was 0.7p a few weeks back but fell back due to the delays in sign off, however we are now approaching conclusion going on
the rns. cashed up and ready to go farmout pending.
Rising nicely and on volume. Good to be rewarded for holding this one. We knew it was a stupid valuation glad the markets waking up to it too.
You're
Doesn't mean I live in fantasy land though, does it!
Because your like bipolar man
One day you knock this share down down down .... Then Up up up
Your like the grand old Duke of York !
Mcfirth, I would really like you to explain why??
Smithy
You live in absolute fantasy land
You really do . Its clear as a bell . Please stop talking absolute nonsense
Don't......... My broker is writing a comedy show based on my trades.
Looks like 0.42 about to pop
Smithy, didn't you sell millions over the last few days?
Balls. Back in for 2m. Should be a able to handle the heat on this amount.
Hi MisterPositive
I agree fully the herd will join here soon
and perhaps sooner than later
Watch the herd arrive for FOMO soon as we approach 0.45 - 0.50 level.
As far as I can see Novum have not sold any of their shares yet. As they hold over 3% they have to notify the market via an RNS each time they offload any of their shares, until that figure is below 3%.