Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Ian
no change , we are just claiming as much as shell have since the 90's
still a couple of key nuggets , to fall into place for our Multi Mega Bagger
in waiting.
Real offshore operator arrives --KABOOOOOOOOOOOOOOOOOOM
Island sanctions development--KABOOOOOOOOOOOOOOOOOOM
Woodside change their $0--------KABOOOOOOOOOOOOOOOOOOM
Patience , Patience and oh more Patience, all that is required
As 2019 when we first took and interest in Chuditch via SG , failed RTO , the asset
was and is now reaffirmed as huge, cos 100% , rerun seismic might finally answer
the Shell 90's question is it all linked 10 TCF+
And we have not moved , due to the regional history, in fact we are lower, we did
sit bouncing above 0.10 and occasional news spikes to 0.5/6
As said a few time the first nut to crack is 0.22p MC high (with dilution factored)
the day that is crossed , all bets are off and CRAZY POTENTIAL high's await. GLA
:))
Oil and Gas assets are reserves valued on a NPV10 X Regional Risk basis
from OIIP/GIIP , where TL fits into that scale ,some plus rating , others
a negative
Last time POO was $100 the always highest USA was $12.50 a barrel for
sale reserves, however Iraq , Syria only moved up with that rise from $2
to $4
For a quick fag packet , for most its around 10% of the current poo, on listed
reserves, say we had an independent CPR that gave us 1700mbo IIP and a
50% recovery rating over the life of operations = 850m x NPV10/RR
So talking very very large numbers , as said many times , last March Sunrise
at the TL Oil and Gas conference when prices much lower , was rated as worth
$65 -$75 Billion over its operational life , remains $0 on Woodside the default
operators books (Shell was operator)
Sunrise ended up 8.5 TCF and 250mb condensate which is the co located Troubadour
which together go by the name of Greater Sunrise, that was the basis of Shells musing
for our South West license leads, thinking like sunrise its offset go main reservoir
condensate .
So as have said till the cows come home, with value returned, developed we are worth
as much/more could be bigger in the end, as their $65+ Billion operation. GLA
;))
Great SP reaction to the presentation!!!
You say the HFB. But what on your high estimate figs is the cash equivalent of 1700mbo ?
and as Shouston said
in our case , low no risk on the asset itself , our only thorn has and remains
how soon, will the big sector players, take to JUMP and go for a first mover
position on a KNOWN , ex Super Majors , mapped, seismic'd and discovery
drilled HUGE 850-1700 MBO/E asset , with further large UPSIDE across the
wider license (Shell reporting)
consider it a ramp Howey lol
be nice to see but have a sneaky suspicion we will not be £4 (MC £45 Billion)
unless we do a large share consolidation lol
;))
Been a long time since I saw so many plans here.
Nice to see. Good luck all.
£4 a share by close tomorrow without doubt. Ooh sorry, that's almost a ramp!
This board is a dream compared to some of the other chats I'm on (Angs, 88e, Hur to name a few). It'll get worse as this starts to move and idiots will turn up (I'm relatively new to posting but I try not to be an idiot). The trick will be for the excellent posters, that attracted me here in the first place, to continue to provide their balanced, detailed and (relatively) factual contribution.
Good luck all and don't forget, I said £4 by CoP tomorrow first ;-)
What’s high risk at 7 mil Mcap entry point with 1 asset of 3 holding a potential of 6TCF of gas.
if your prepared for the long run till drilling. Absolute no brainer at this entry point.
Bdog, we understand the risk here...
You, see this as a very very very high risk very high reward play, a long way from the certainties spouted on here.
For balance you have missed two, "verys" of the reward side.
NB: nobody spouts certainties here. No rampers allowed...
High risk, high reward. TIny MCAP, Majors asset.
:)
Thanks, Bridgedogg. Your kindness to your fellow man knows no bounds.
@bridgedogg1 all exploration shares are high risk..
..But just look at our SP. Look at it! Look at the size of the resource and look at our current SP. This is an absolute bargain.. infact its a bargain 10x what we are currently at. There are 5 export options in the play with none confirmed and they don't have to be yet. That is to unfold. So exciting :)
Goint to put this on here now because im sure not many will see it but... The company has make contact with several 'potentially' interested parties.... I could email an investment proposal to a load of fund managers and say the same thing....actually a lot of 'potential' things added to this... options, appraisal drilling, billions of development... its all pie in the sky and I dont see anything has changed? As HFB points out, it all depends on someone else biulding some route to production, doesnt really matter how many drills we do, which we cant afford anyway. What happens if the drill or drop decision is 'drop'? Expect a new cheap asset will pop up somewhere with the same 'potential'. I see this as a very very very high risk very high reward play, a long way from the certainties spouted on here.
Got a good feeling this is our year.
Let's smash this one out the park....
Been a while since we topped 100 posts in a day lol! Nice to see refreshed enthusiasm on this board, think we’re all looking forward to news flow in 2022!