George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Ignore the noise. No doubt they are goading you again. Starve the trolls of attention
The reality is you are losing the patience...the desperation can be seen in the negative posts specially in last 4-6 weeks. Right now we are recoiling before the takeoff. The downprice could easily be somebody shorting to cover through placements shares... I have been in this for so many years and got enough patience to see this through the end....I am persistence with my undertakings....I either win or learn. Nearterm Target: 20p-40p+
You must be a paid ramper to come up with that lot time and time again. Your posting history does not look kindly on you.
3-4 year time horizon*
Final assay result at DRC's project, strategic finance update for zamsfort and andiamo projects and last but not the least joint venture update for sturec project would be the immediate significant event for the rerate and take off of the price. Market cap is undervalued by the region of 30m-50m in the immediate term and upwards of 100m-150m if you look 3-4 time horizon.
They're not there, DShox bit like your investing, dont look at anything negitive and then convince youself everyone is shorting...lol
posting about someone is not ignoring them
Glad you ignored the noise DShox. Cant give these muppets anymore airtime.
You do earn your money, cobalt, copper WOW !!! Ortac have less the 20% of the mine. Come on Dshox, where are the next funds coming from....whats that, did I hear you wisper....a placing and everyo es holding getting diluted.
Welcome Dave, we have a Twitter group if your interested in some constructive discussion without all the bickering you have obviously seen through on here. You have bought at c 52week low, we'll done you. Best of luck, Firwood
I can't begin to imagine why our dear old friends, SPOT/Share4 and Feeks react to some of the wonderfully grown up responses we see on here. Great analogy, what are you 12? I can only assume Firwood and DShox are the kind of people that drive 20 miles to get a penny off fuel...
Everything is lining up nicely here indeed. Looking forward to the next few months.
I'm in this morning with the last of my purchases for this month, will add further at these levels when I can, been watching for some time (tbh since bzms massive rise which I didn't own but read all posts) and glad I've waited, but think it will turn up soon as the news has been impressive of late. Also Charlie Wood (formerly involved here) joining board at BNR which I own (but >30% down) interested me and they have a chunk of cash at the minute. Appreciate knowledgable posters contributions on here, helps me decide where to spend my time researching. ATB
I guess I'm de ramping...
Oh ok, let's ignore that then. Carry on everyone. I'm not complaining
p00rman i don't think anybody would complain about paying the taxi fare to collect their lottery winnings really bud. Of course it's going to cost getting the gold out of the ground but with the quantities there and near the surface too it is going to pay for itself in no time wouldn't you say,
It's always better to undervalue slightly Aeasty, Lots of exciting news to look forward to here in the near term imo. GL bud. Firwood
Ignoring all the peripheral issues that may exist, that valuation appears to be ignoring costs to get it out of the ground.
Wow then it's even more undervalued than I originally thought! If 1.2moz gold is about £1.2 billion then can't wait for the final assey results to indicate that this is actually indeed a 2moz+ resource area.
Funny
And that's just one project, so yes definitely undervalued!
Good post Aeasty, but Casa at 1.2moz is actually worth £1.164 billion! 45% belongs to OTC :)
Utter tosh. No.4 Sturec - the facts changed on that one and it is covered in RNS so why do you and others persist treating it is as though it is a live, viable prospect? You cant call it a bonus when the whole thing failed. As for the company valuation I agree it is truly woeful given the huge amount of money spent and especially given the general market is one where miners have rebounded. This tells investors everything they need to know - that successive companies have drained vast amounts of money into these mines without anything to show for it. Only on this BB could that be paraded as a virtue
Little summary of OTC at a glance. Four main projects on the books each at different stages and different geological locations to derisk OTCs portfolio. 1. CASA (misisi) operating since 2010 and currently has a JORC confirming 1.2moz gold. (Given today's price of £970 per ounce that's about £97m). Spent $30m on the project thus far and have a fully funded drill programme (underway) to drill in between the old holes to confirm the geology linking it to be a much bigger gold reserve. Initial assey results from new drill holes confirm this to be case and awaiting final results from remaining drill holes. Expected to increase the JORC to 2-3moz (so assets worth in the region of £280m before extraction). The gold is close to surface and likely extraction will be OPEN PIT heap leeching. 2. Zamsort - cooper and cobalt mining in Zambia. Currently under construction is a commercial processing facility (subject to final financing) in order to process current stock pile of copper and cobalt ore. Medium term is to continue drilling the 1000km^ licence area for another massive tonnage find. Given the demand for copper and cobalt this looks like a beast! 3. Andiamo - another copper and gold project. 4. Sturec - Slovakia 1moz JORC gold, currently in negotiations with third parties for a potential JV and non acid leeching extraction. Given all the assets OTC have their fingers in potentially upwards of £500m worth of pies (before extraction and processing cost of course) and the current MCAP is a measly £3-4m. Do the maths - this is hugely undervalued. The projects have already had a lot of cash spent on them proving them up and developing them, so this is an excellent time to join. SP at 52 week low pretty much so plenty of upside from here. Shame there are a few ex PIs with a chip on their shoulder bringing down the maturity of the bb. DYOR etc etc but looks good to me.
I've lost count the amount of times these guys have put us on ignore lol