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Its a good question for jc to answer thorny, i suspect yes as we are currently clearing the overburden of an addition blow, I have asked the question already if we would continue mars operations when thorn river permits arrive but JC wouldnt be drawn on this so i am guessing this would depend on what else might be found on the MARS permit area in the meantime while we wait
Could someone tell me if they will continue to work/mine at marsfontain during the wet season, it starts about mid September?
I wasn’t going to post on here today as didn’t want to appear too rampy but I genuinely feel we’ve just seen the bottom.
One RNS could (and in my humble opinion) jettison the SP to new highs.
Anything under 1p based on what we know today is cheap.
Fingers crossed people.
I think you’re right 👍🏻
It would make sense considering there are warrants at 0.6p (that’s what I’ve been told at least)
0.75 could be the bottom..imo.
lets see
As to bod, heavily undervalued given what we have and what we are expected to be doing after the licence grant in the other project. waiting is the key here. Narrow dykes can carry a lot of diamonds as they are usually a result of the High pressure resulting from the obstruction of the main vent. finding the main vent will explode bod beyond this tiny market size. we are generating diamonds at the moment.
All human activities are not green. Zero externalities are the target if we are to be green. From energy industries to mushroom growers the rate of externalities is there for any one to see.
For the time being there is no obvious solution to getting green energy even if we are going to slow mother earth to get power. Mother earth has to find a way to cope with us or reject us.
I guess the only solution is to reduce the number of people on this planet till we found a similar one to move to.
Any way, by the look of it, mother nature is going to do it for us. Heat, Storms, food scarcity, fires, diseases, you name it.
I guess mother nature always wins. 1/2 billion people on this planet is optimal. We are 7 billions at the moment. Long way down.
Sustainability and ESG are all the current rage. Mining was never ever ever never viewed previously as a 'green' activity - now the clevers are in full overdrive to convince the investment world at large those big trucks and flaring gas and used tyres and blah blah are all busy getting cleaned up and soon be carbon neutral. Oh and dont forget the great big deep holes in the ground as well - very green monstrosicities.
But hey, lets agree to disagree on this one.
Wooh, take a pill man, been a rough day was it?
There diamonds are still relatively green whatever you claim.
FTLOG, mining is anything but a 'green' activity ! We all might try and dress it up in fancy sounding words, but mining is drill, blast, load, haul, and put through a processing plant that uses god knows what to separate clay, rock and metals into whatever the pay load is. Chemicals are used all over the place; big mining equipment are used all over the place (they run on dirty diesel); ..... Please get real and sop this trying to hoodwink intelligent people who actually are supportive of mining, know what goes on in mining, and really we dont want to read stupid, woke, self-indulgent waffle .......
I like it TR! :)
Probably is a more ESG friendly method. Lots of debate flowing re lab grown.
Personally wouldn’t entertain one. I’m the same way I wouldn’t buy a fake Rolex I would never buy an artificial diamond.
Ergo, I don’t own a Rolex…
This mining must be pretty green really, just a drop of oil and moving a bit of rubble. Has to compete with lab grown energy requirements?
Topped up with another £1k worth.
0.7345, lowest I've ever purchased for, slightly lowered my avg.
GLA.
Cant see the pit for the new deposit on this image, we are supposed to be 7m down already with 8 to go before we hit the top of the blow which is incredibly quick progress
. Only a matter of time before market wakes up. Work away quietly.
A big thank you to our Company Directors for delivering this very positive news :D
I’m also interested to know how long it might take to transition from mining the dumps to getting stuck into the new kimberlite. Appreciate much of the kit is on site (bonus) but is additional, more specialist gear required and if so, how accessible is this? Also, does the current license permit more extensive mining over and above sorting through the dumps?
Perhaps only JC can answer these questions but I’m open to opinions of others on here…
I think the deal was OK for the dumps as there was an element of unknowns. When the concept of work is proved to work perhaps the rates will be tweaked. Of course the potential of higher value diamonds will I increase when mining of pure untouched
Kimberlite starts.
Absent any information to the contrary I assume terms remain unchanged for work on the new kimberlite. Not overly impressed with BOD's take from the original agreement and wonder what other shareholders views are on the issue?
I've been topping up all day long !
I think the market is looking for news on the Thorny River water permit/licence.
As long as BOD keep finding diamonds 💎 it doesn't really matter if it's Thorny or Mars ( Mars doesn't need a water permit thank goodness ! ) .
When there is one of the World's most talented diamond hunters on the case we know we are in safe hands . It's really good news today ! ...small blows can be dripping with diamonds 💎 !
Despite any reasonably encouraging news a seller is always dripping stock out! Shame.
Good news indeed!
Mars results remain ‘better than expected’ and they’re sitting on a new blow in an area that made history for speed of payback when first mined.
The delay on TR is what it is (expectations had already been set around it being later this year) so rather than sit idle and wait for SA bureaucracy to sort itself out they can crack on and keep generating revenue.
I’m totally cool with all of this 😊
Some good news today.
Love your optimism JP!👍