Snippets part 29 Jan 2025 14:11
The first is that Rome is effectively Alphamin round 2. The exploration team is Alphamin. The major shareholder, Klaus Eckhof, founded and chaired Alphamin. The deposit is considered to be essentially identical to Alphamin.
Alphamin's deposit is called Bisie. Rome's is Bisie North.
Alphamin’s Bise tin project is the highest grade tin deposit in the world, with a 4.5% grade, and it generates circa 4% of global production. The asset continues to deliver ever more tin, with Q2 production up 28% and expected to rise further.
And even after the global spook, Alphamin shares are up by well over 300% in five years. And in the lead up to the exploration find, the company rose from CAD$0.12 in late May 2022 to CAD$1.39 in late April 2024 - rising by 1,058% in just two years. Yes, the company is following the standard Lassonde Curve as production continues to ramp up - but you literally have the price chart for what success looks like.