Member Info for 555sss

It’s stretching things a bit to assume that De Beers stopped drilling because they discovered base metals. More like they didn’t discover sufficient evidence of kimberlites.

I think BT’s comment on huge melting pot was a change from ‘huge mixing…’ to ‘huge melting…’ as opposed to ‘huge nickel…’

Target area A drilling was a technical and geological success but isn’t likely to be a commercial.

End of drilling at Target area B should be end of November and the onset of the rains will mean a tight window to get a drill into Ditau.

This one on Kamoa-Kakula is an easier watch

https://youtu.be/-9_fLUh_cQE

What do you suspect that they need additional funds for, over and above the current KSZ and planned KCB drills, which are both fully funded?

Yet another fundraising suspicion??? ??

Ella10.......you're now deploying the same tactics as you did on the ARCM board. Readers beware.

https://dailynationzambia.com/2021/03/31/chief-sailunga-ikundu-demands-serious-investor-for-kalaba-mine/

It's an upside down jellyfish

****There will not be an outright sale at this stage****

If someone can't see the wood for the trees in British English, or can't see the forest for the trees in American English, they are very involved in the details of something and so they do not notice what is important about the thing as a whole.

@news - its blebs not slabs! How you think a slab could be in a core is beyond me ??

@Showmedamane, Arya could potentially be the 2nd biggest discovery in Queensland, not Australia :-)

Opened the 1st window today and got a little white hammer. The size of the 24th and final window suggests some tasty treats to follow with all the trimmings.

Zoros, muswema is connected to lumbeta and is more than likely one vast mineralised system.

Due diligence comes after heads of terms............

Buffalo come

Stop wetting pants. Buffalo come.

chinared

takeover price

24 Aug 2020 19:24

Deal will be completed in the next 14 days that is the reason for Mr Don Bailey's departure who I wish all the best wishes to, as mentioned his fortitude is an inspiration to us all!

How do you value a prospect which hasn't been drilled? You verify the soil samples yourself and then ask for a drill or 2 to be sunk. Whether there's time within the current defined exclusivity period to do that on all prospects remains to be seen, but I wouldn't mind an extension in order to extract maximum value at this early stage of the overall license development.

I'm confident that Fwiji initial results will whet the appetite for riches to come, as will the interpretation of the hydrothermal mineral system across both licenses. It's the revised drilling plans at the request of AA following their review of all soil samples, that could really give an indication of realising such riches in the short or medium term. Then there's an overdue update on the revised CASA sale which should add to the current cash position at the end of September 2020 of £1.25m.

No, not at all. Muswema is a technical discovery. Fact. The discovery of sulphides for the first time on the license is a positive. What they found suggested they would find what they were looking for by relocating further to the south on the prospect. I’m inferring that the discovery in itself in hole 5 wasn’t commercial but they’re confident they will find commercial grades as described. Nobody is talking about Muswema being a dud or being written off. Far from it. This thread started with the comment that holders should wait for the samples to come back and stop guessing. This is my tuppence worth.

I disagree re the conf call content, and any posting of fact needs a link to the relevant RNS, which as you’ve already seen, I’ve said doesn’t exist.

There’s more of an argument to be had that the results were poor so they’ve withheld them pending a redrill in the right place, rather then they’re commercial but they’ve withheld them for any number of reasons. If they’re commercial grades then those other than AA need to know.