Re. Sale of KCB licences and award
Sandfire Resources have agreed to purchase the entire portfolio of Galileo's KCB licences for a sum of £100 million.
In addition to this, an 'AWARD' payment will be paid of £50 million in relation to a licence Galileo sold to Sandfire which was found to contain large amounts of high grade copper.
JEEZ Hairy. You had me going there for a minute. Need some betablockers now to calm me down
What has changed with chrome? Admittedly volume has increased exponentially recently but a few years ago we were being told that chrome was almost a by-product with little or no value to enable us to get to the more profitable PGMs.
Now it appears to be the mainstay of the business. I accept that PGM basket price is bad but we do seem to be getting a completely different narrative on chrome. Is it now much more profitable or are we being busy fools while we wait for the CU production ramp up?
Re It will of course need leading economies to grow for demand to increase before copper rises sustainably.
Trouble is many countries around the world are rowing back from the crazy race to net zero. Potential risk for POC is therefore a new kind of clean energy, eg hydrogen, nuclear
The fact is that for all the sceptic bashing that goes on here, Bird remains to this day, a one trick pony, kiwara 15 years ago.
Since then he has probably spent more shareholders' money than the value of Kiwara chasing the next Eldorado with the only tangible realisation so far being XTR's Manica although that barely wiped its face.
But you question my investment skills, Irish, when you supposedly have just sunk £10k in based on that modest RNS.
So would my research have come up with your assertion of a fabulous world class asset or others' assertions that there is potential, being near to a world class asset.
You should be careful how you choose your words or are they intended for non holders looking for somewhere to put their hard earned.
At the moment Kamativi owners are on the carcass. GLR are grubbing around the carcass scraps. That may or may not change.
Ana. As ever you are very positive over a glr rns but could you please explain to us mere mortals your opinion of just how good an average 0.26% lithium actually is. For all I know it
could be world class but if, say, it was a copper play, that would be hugely disappointing and currently uneconomic
to mine eg XTR Bushranger