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Why didn’t sandfire get involved been a big outfit they had the funds to drill this I’m just curious as to why first quantum when they own some of the company
6mil mcap
15% owned by major sandfire resources
JV with 17bn First Quantum minerals were they are the operator on our 40km copper target
Still just over the IPO price - 10x+ potential from here
https://www.theafricareport.com/252413/first-quantum-bets-on-zambia-to-address-global-copper-nickel-shortage/
Sorry I stand corrected 6 million it is and rediculously low
Could be massive tomorrow if first quantum announce
They have discovered a major copper deposit and they purchased one of Colin’s licenses of him for 400 million
In 2010 with what looks like lower grades of copper than what they have now discovered but still became the 14 largest copper mine in the world can you image if AFR was to sell for 400 million at now only a 5 million market cap .
Looks like people waking up to the huge value and massive potential here
Could it be first quantum are going to use the opportunity of quarterly results to also announce a major copper discovery ?
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) will release third quarter 2022 financial and operating results on Tuesday, October 25, 2022 after the close of the Toronto Stock Exchange. The Company will host a conference call and webcast to discuss the results on Wednesday, October 26, 2022 at 9:00 am (EDT).
Versus
· The latest quarterly report from joint venture partner First Quantum Minerals demonstrates very positive results including confirmation of copper mineralisation in drill testing of three new targets
First quantum wouldn’t be spending money on drilling unless they believe this is a big resource that could compliment there other operations.
Good healthy deserved increases the last few days. However we are down 12% over the last 6 months. Surely we will at least recover that as it was pre recent good news. I wond3r 2hich one of CB companies will mske the big news first.
this post look like it dated well!
Lovely news.
This was already massively undervalued before today. Two big partners and a mining licence. Find me another junior miner under £7m mkt cap that has that.
What an amazing rns and so late in the day. Fireworks tomorrow??? Valuation? Still lots of work to do but woow if it's all positive.
That is what you call a Bullish interview.
Isn't this license PL082 very close/in line/in between two of our licenses?
https://www.londonstockexchange.com/news-article/KAV/kcb-promising-csamt-results-pl082/15667755
Ha!
Have you looked at where these licences are that are being explored by Sandfire and First Quantum, and the potential income if they strike copper..??
Another of Colin Birds cash cows that go nowhere except for losses and dilution .
He is the Colonel Parker of the AIM .
Did just do that, and some of Colin's other companies. Copper holding up pretty well all things considered and by 2024 copper prices will be looking very different.
Excellent news today, shame the market is dire but these are the types of share to buy and lock away.
All buys today and a very large late one so hopefully news soon
AFP and KCB mentioned.
https://audioboom.com/posts/8153958-midweek-takeaway-with-colin-bird-executive-chairman-of-galileo-resources-aim-glr
Chunky buys possibly, let’s hope so. This stock has stagnated in the last six month, some progressive news would help..