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It is quite funny the reaction to the RNS and obviously I would have wanted 10 drills showing 1.0 % + grades but if that happened over a 1.5 mile length the SP would be over £10 so it was never going to happen- no miner is that lucky. However, it would have been better to have had another hole with 1.0% grades. What happens now is IMO we have moved forward to either more targeted drilling with a more likely sale or JV depending on the results. The area is covered with Lithium but at low grades from the reconnaissance. The interpretation is that there will be a deposit but the size and cost to prove it is commercially viable is not a given
If production is ballpark 6000 t in first year at $9000 that's gross $54 million
if we ended up with 20% of that as GLR share its $10.8m x mine life say 5 years (think its supposed to be more years)
I'd be hoping for more than 20% and possibly a higher trending cu price and 6 or 7 years open pit
Then there's the deeps that need more drilling before any potential sale.
v ballpark I would say that a sale price of the open pit of around $35 -$40m would be appropriate
Or at least do a deal with Luansobe
Once IRH have completed the take over of Mopani, then the most likely outcome will be for them to buy Luansobe ?.
The only thing that matters to me is facts and not assumptions Analytical and the fact is after all your fanciful postings, calculations and 'thesis' the sp is lower than at the start of the year.
You can do as much calculation as you like but if the Birdman doesn't get to mine it or sell it then the needle is unlike to move much.
The sp is back at a penny piece of course he is near to selling an asset for £50-100m, of course he is getting value for shareholders lmao.
Analytical...sounds reasonable but do you have ballpark figures for nett cash generation in 1st year? Thanks
Has anyone made assumptions, calculations, thesis on what it would cost to bring Luansobe open pit to cash flow positive?
Although Analytical I did assume the sp would drop back below a penny and I was right but that assumption didn't take a lot of brain power.
I wasn't the one assuming in the first place whowrotethis.
I make no assumptions Analytical as assuming makes an ass of u n me.
I don't post as often as you but don't assume I haven't been here for a long time ... if you did any research you would know that.
If you do enough research you will know how long I have been here whowrotethis, probably longer than you.
Don't be so ridiculous.
None of them are flawless Analytical but in none of them are posters making outrageous and misleading comments about assets being sold for fantasy figures.
Every BB has a Levi ... and every Levi moves on once their rhetoric no longer reflects the share price ... Levi will soon be moving on
Iky - thanks for posting. at least we now know the situation.
Same old blather from Bird. Not a chance this will sell any time soon but you can bet on many more rounds of drilling.
Still he can switch back to pushing the copper assets if the copper price continues to strengthen without actually doing much with them apart from lining up more drilling.
Https://twitter.com/ZaksTradersCafe/status/1770035712458391751?t=CaLvCJXZu5sqgm9YemUhtg&s=19
There you go.
Right oh :-/
P.s we didn't go to %80 holding for no reason
... we should be getting a Zak/colin interview soon. I really hope colin mentions 3rd party interest as it may help the doubters and market. You only get interest if there's something viable to be interested in. These results are 3 weeks ( maybe more) old, there's more going on.
Nuff said 😉