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I just keep adding and adding, you don't get a better RNS than that with so much detail and potential upside
as soon as theyve stopped I can see a huge rebound here. Ydays news was very good!
Grades are king....
A significant investor on ASX has been liquidating his holding, if the internet is to be believed he's close to clearing.
I really really cannot fathom it. The only possibility is investors don't like the grades found, maybe not high enough grade ?
Other than that I cannot understand the price fall.
Investors clearly don't like success ?. And down on the LSE as well. Nuts !.
We are down by over 7% on ASX after release of this supposedly great news. Any idea why ?
Yes I cannot understand that is is off everyone's radar either. I think that very soon there will be some very good news which will not be missed and back on radar.
.....Down on LSE . Hmm, I often wonder what pro's and con's of buying on the home exchange versus foreign listing are ?
“…with the promise of a highly prospective resource – the company’s Panton Project has the highest grade PGM estimate in Australia – confirmed by a brace of upbeat operations updates just last month, is FME now in value territory?…”
https://total-market-solutions.com/2023/03/future-metals-ni/
Agreed- I don't know why this is off everyone's radar. I did ok from the reverse takeover back in the RMP days, and i just add some each month in my SIPP; I'll just keep doing that as this will be a producing mine in a couple of years.
When the seller is finally finished here it should fly back to at least 6 ish. Massive value disconnect with what has already been discovered.
A bit of research and buy and hold at these giveaway prices
Despite seemingly good news (personal opinion - DYOR), but my mind boggles when the constantly failing share price will stabilise?
Live spaces with Jardee and Sponge tomorrow 9.30
Link below
https://twitter.com/TheMoneySponge/status/1626224230214905856
It will come good- once we get deep drill results and route to production. This is medium / long term. This is not oil exploration. They own a mine with proven resource, + plentiful upside based on drill results so far. I just keep buying them as and when. :-)
Yes I was thinking it would rise on the news, but as usual market is very unpredictable. Would be nice if could go like Patriot Metals , went from .60 to 16.20 in 52 weeks max. !!
This all sounds bullish to me but sp says otherwise
On your first point about cherry-picking, the company’s published info does refer to a high grade core of the deposit. According to my understanding, it would be normal to design a mine plan on the basis of mining the high grade material first, so that you pay back the capex quicker. Then later you mine the lower grade stuff, but by that stage you’re funding opex only so lower grade is fine.
As to your thought on the release of the deep drill result, I’m afraid I simply don’t know
MH25 - Just to say cheers for feedback, most appreciated.
Personal take (DYOR) - So scoping study is important to establish a way forward and just maybe "cherry pick" the most profitable v economic cost of extraction wrt grades? I note the recently announced JV with there neighbour.
Again just a personal take (DYOR) - have reflected on my previous comment (3) on my last post (didn't mean to be pessimistic). Just a thought but as the deep hole (PS414?) is apparently being part funded by Govt., just maybe any comment about the pending assay results could be off limits until independently confirmed and notified to the Govt.?
On 2, what grade you need depends a lot on how you’re going to mine it. If we’re talking open pit, then Panton is a fairly high grade resource and some of the new drill results are fairly high grade results. For example, if we take the PS408 result, 0.49 g/t PGE3 is worth about $25/t and 0.25% Ni is worth about $75/t so a total of $100/t. Open pit mining only costs about $2.5/t, so there’s plenty of scope to make money there. Obviously you end up having to dig up other tons of dirt that don’t pay as well or at all and there are other costs etc. But it all depends on how much mineralisation you’ve got and how a mine can be designed around it. That’s why we need the scoping study which is coming up soon. My sense is that for exploratory drills outside the main resource the new results were pretty good
Interesting week. I'm already invested (16K - already 5K loss) but any feedback on the following points would be most welcome.
1. Does anybody know how you can access the daily trades on the ASX for this company? I've found an average volume trade figure, but not sure if daily, weekly, monthly etc.... Point - suspect the Aussies know their mining companies, and would be interested in knowing the amount of separate trades.
2. CT - I believe RNS's can be confusing and would suggest like to overload with detail such as intersection depths and % etc.. I must confess I'm no expert in this matter. If you don't mind and please don't feel obliged, but for learning what are good grades to look out for? (I suspect the muted response of ASX reflects your comment?)
3. Recent Proactive interview with CEO - again just personal opinion but did notice that comment was only made at the very end about the deep drill hole, assays still in lab etc.., Must admit this drill hole got me interested in the company, and again solely personal opinion but to me CEO didn't seemed infused with excitement?
Any feedback - most welcome.
bad grades
no movement in SP tho...! well, not yet