Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Not the clearest interview
On stocktube....soon.....https://www.youtube.com/watch?v=liTi0z2c06Q
Good post/cleared a few things up ,patience needed till funding announced atb
Surface exploration giving results of 1% copper is excellent especially over the large size of the footprint, Just one high grade copper zone is 1.5 x .5 Km in size.
Analyzing the surface exploration results showing 1% copper,apart from Silver and gold
it is promising specifically as it is in a mining friendly jurisdiction with all the required infrastructure in place,although the find is nascent in nature.
As a rule of thumb, open pit mining becomes economically viable when the cost to process ore is around $10 per tonne. In cases where the ore grade is more than double that, at $20 per tonne, it's considered economically favorable.
Considering that 1% of a metric tonne is 22 pounds, and given that today's copper is valued at nearly $4.00 per pound, the total value of copper in one metric tonne of ore would be 22 pounds which equals $88.
So making it economically feasible and highly profitable for open cast mining as results continue to be proved up the target will be disposal to a JV or similar.
The highest content pt I know of is 8% in Canada .The average mine rate of copper being produced in the world today is generally way under 1%
Also GMET amongst its other assets has its Tungsten Pilot Mountain project already under major fast track and grant applications to the various US.GOV various Bureaus dealing with critical minerals.
With regard to the PM project it is almost unbelievable that the given US intention is to have the mine up and running within 3 to 4 years.
Share price, buying price not selling has quoted in trades today
Soil grades not drill grades. Key question is how deep & amount of over burden to remove? not heard anything about geophysics.
1% copper is not the best grades here, considering the likes of CMRS churning out 15% 10% and 40% Copper Read 5th October rns
cmrs
On
“…With promising assets and solid operational and commercial progress, GMET may be set to light up a natural resources sector yet to emerge from the small cap market’s prevailing gloom…”
https://total-market-solutions.com/2023/11/golden-metal-resources-plc/
It's evident from OF's latest podcast, which was released today, that there is a substantial level of interest and enthusiasm from the U.S. government for expediting the progress of GMET's Flagship Pilot Mountain Tungsten Project. This enthusiasm is driven by the project's advancements and the recognition of tungsten as a crucial and essential resource, particularly in light of the absence of domestic tungsten production in the USA. Notably, Pilot Mountain represents the only in-ground resource for tungsten in the country.
The rapid pace at which things are moving forward indicates positive developments, and when these are officially announced, it will boost the sp.
Up time my last mmmmm
Interesting article here. You can see similar restrictions being placed on other commodities, could be very good for us, even ahead of US import restrictions...
https://theoregongroup.com/investment-news/china-imposes-export-controls-on-graphite/
To close down I Make mistakes so EOE
You're welcone
Tiggrrr/ good interview david seems clued up ,cheers
The grant applications should take a minimum of 6 months to a max of 9 months,a number of different departments have been approached for various grants, bear in mind the complete build out cost of the mine could be in the region of a quarter of a billion dollars.
It's important to note that the timeline for grant applications can vary depending on multiple factors, including the specific grant programs, the complexity of the application, and the review process of the granting institutions. Here's a breakdown of the key points regarding the grant applications for our mining project:
The timeline I mentioned in that grant applications should take a minimum of 6 months to a maximum of 9 months. This is a reasonable estimate, but it can vary. Some grants may have faster review processes, while others may take longer.
It's a good strategy to approach multiple departments or grant programs to secure funding, especially for a significant project like the complete build-out of a mine with a potential cost of a quarter of a billion dollars. Different departments may have different criteria and priorities.
The estimated cost of a quarter of a billion dollars for the mine's build-out is substantial. It's crucial to explore a variety of grant opportunities and consider the possibility of securing multiple grants to cover a portion of or all the project's expenses.
It has to be ensured that the project aligns with the specific criteria and goals of the grant programs they are applying to. Each grant program has its own set of requirements and priorities.
Take into consideration the time required for preparing thorough and completing grant applications which includes gathering all necessary documentation, meeting eligibility criteria, and addressing the grantors' expectations.
Once the grant applications are submitted, they will undergo a review and approval process by the granting institutions. This process can vary in duration, and GMET may well receive feedback or requests for additional information during this stage.
Project Planning: While waiting for grant approvals, it's important to continue planning and preparing for the mining project. This includes project design, environmental assessments, and other necessary steps to ensure that we are ready to proceed once funding is secured.
GMET will have considered In addition to grants, alternative funding sources, such as loans, private investors, or public-private partnerships, to ensure that they have a well-rounded financing strategy for the project.
Keep in mind that grant application timelines and the success of securing grants can be subject to change due to various external factors, so it's important to stay flexible and adapt the funding strategy accordingly.
Oliver and the BOD are on the ball with their mining project and grant applications.
I think that is about it -Once news comes of grant application success along the timelines suggested the sp should move up.
I mak
This interview with David Ovadia, gmet non exec chairman goes into the subject well. It's from 3 months ago but particularly the last 5 minutes are well worth a re listen
https://stockboxmedia.com/interviews/golden-metal-resources-strategic-focus-on-critical-minerals-us-gov-collaboration-gmet/
Oliver did an interview with stockbox around then from memory covering the process and timelines. From memory it was submitting a white paper initially which had a pretty quick response of a couple of months before you then submit more detailed plans. I'll see if I can find it
Mrs Turkmani was brought in on or before the 5th of June (RNS date). Think she’s responsible for getting the negotiations with various Government Agencies on Funds. So assuming she’s on the case we are over 3-3.5 months into the process.
If GMET are trying to tap the same source of funding as Bres obtained recently, then that is indeed a time consuming process? Do we know how far into it they are?
Can buy in 7s really topping up times
Are people selling because of the time it is taking to get government funding?
“The stock market is a device for transferring money from the impatient to the patient"
Crazy that I can buy at 8.25p this morning!
Nice little RNS - looking forward to the lab results in about 6 weeks. Adds to a nice portfolio in Nevada.