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So, poster OscarGoldman joined LSE on Oct 26, has had 6 posts and has informed us that he's disappointed and has sold all his holdings.
How I will overcome this devastating development is totally beyond me.
Oh dear..... market reaction is very muted. B
Wait for the copper update the 1 ton bags and see how much we get. Why dont they just load it on a tipper truck instead of putting it in bags then putting it on a truck ffs talk about long winded...
As you're obviously an expert Wiggly, how much of this resource is in the measured category??
What the difference between the 3 levels of resource in a JORC?
It is JORC compliant - hence can be viewed as 3rd party validation.
Shorters aren't worried ap is playing a blinder. Don't you think if he released this first and then placed it would of been alot better instead of the other way round. The guys a fool
Baits's - Baita.
Autocorrect
Good, another negative poster disappears into the sunset.....
Griffiths you have no idea what you're talking about.
Most of us were lead to believe that Baits's 'Aladdin's Cave' had a 6% plus Copper equivalent - this is sadly different
OscarGoldman - I'm sure the trade will be so large, we will all know it's yours - lol
Bye then
Looks like the shorters are worried...
Yeah dead big about 90 mill max no wonder it doesn't move
Naughty, naughty
'Measured, Indicated & Inferred mineral resource category of 608,000 (gross)/486,400 (net attributable to Vast) tonnes @ 2.58% copper (‘Cu’) equivalent'
Er, no actually. Indicated and inferred - nothing in measured
This should move now on that news.
Holy Moly.... Fantastic Figures there looks like a multi bag without a doubt.....well done AP..........................
Boom.
Based on an assumed copper metal price of US$6,655/tonne the initial mine production generates an in situ metal value of US$104,450,225* over the 3-4 year period
Significant further upside:
a significant portion of the Exploration Target is expected to be converted to a JORC compliant mineral resource in the coming months as the Company continues exploration activities and the continued analysis of historic data sets
the Antonio North skarn may provide a similar quantum of mineral resource in addition to the current mineral resources declared and would provide sufficient mineralisation for a further approximate 7 to 8 year period
Significant upside to increase the mineral resources on adjacent skarns through the extension of development on 16 level, 17 level and 18 level and underneath the Baia Rosie skarn
RNS not showing on the LSE site?
Good news, market hasnt reacted!
Andrew Prelea, CEO Vast Resources plc, commented:
“Our maiden JORC report for Baita Plai marks another major milestone and achievement for the Company. With over US$104,450,255 as an in-situ value set to be exploited from an initial 3-4 year mining period and with significant further upside identified, the report provides a solid resource base to underpin a fair market Company valuation. Aside from firmly establishing the inherent value of Baita Plai, this also supports the ongoing asset backed debt financing process to refinance the Atlas Tranche 1 Bonds, which we look forward to concluding and will mark a turning point in terms of financing for our company. We believe the JORC report also satisfies the due diligence requirements of institutional equity investors, which will be an important achievement as we look to build the profile of the Company and transition from an emerging to an established producer.”
"£82mil in-situ metal value".
£22.6mil MCap ....... undervalued?
https://www.londonstockexchange.com/news-article/VAST/baita-plai-jorc-resource-reserve-report/14737216
"...
Highlights:
Measured, Indicated & Inferred mineral resource category of 608,000 (gross)/486,400 (net attributable to Vast) tonnes @ 2.58% copper (‘Cu’) equivalent
Exploration target (gross), including historical mineral resource, between 1.8M–3M tonnes with Cu range of 0.50–2.00%, gold (‘Au’) range of 0.20–0.80 g/t and silver (‘Ag’) range of 40-80g/t
The mineral resource estimate represents an additional 600,000 tonnes (gross) over and above the reported (non-JORC) historical mineral resource estimates of 1,800,000 tonnes under the NAEN Russian Code as announced on 10 December 2014
The mineral resource estimate underpins the initial mine production life of approximately 3-4 years of in-situ 15,695 tonnes copper equivalent available for mining
Based on an assumed copper metal price of US$6,655/tonne the initial mine production generates an in situ metal value of US$104,450,225* over the 3-4 year period
Significant further upside:
a significant portion of the Exploration Target is expected to be converted to a JORC compliant mineral resource in the coming months as the Company continues exploration activities and the continued analysis of historic data sets
the Antonio North skarn may provide a similar quantum of mineral resource in addition to the current mineral resources declared and would provide sufficient mineralisation for a further approximate 7 to 8 year period
Significant upside to increase the mineral resources on adjacent skarns through the extension of development on 16 level, 17 level and 18 level and underneath the Baia Rosie skarn....."