Member Info for Andysel

how do you put a value to something like this would be difficult without any previous production and profits to go on. we could look at the possible future profits based on 500,000 t per year being extracted/processed and sold as a target to get some potential projected profits, and then base the selling price on a multiple factor like other businesses that get bought out, the factor based on profitability up to a maximum of 10

so as an example, if they extracted the 500,000t then processed and sold the ground pozzalon, and then say made £10 per ton clear profit (this could be higher or lower as i dont know) the profit would be £5m for the year so a maximum of 10x multiplier would be £50m valuation

these are just my thoughts on how a valuation could be calculated for CS

https://www.youtube.com/watch?v=jDue8oagdAE

He even hinted that Alba may look to sell their stake in HH which would bring in cash to Alba,

https://www.vox markets.co.uk/articles/alba-minerals-chairman-george-frangeskides-discusses-the-spin-out-of-their-greenland-assets-2768d28

the q&a update, ive put a space between vox and markets that you will have to remove for the link to work

maybe someone could put the necesary text together to email their broker with to ensure its all done correctly

the date of the AGM has been announced in a second RNS today, i cant find details on their website in the section they say it is in, maybe it'll appear later today

xcoder - its easy to miss things when there is great news in an RNS, personally i always read them at least 3 times so i tend to capture everything

@xcoder
it looks like they are already planning to do that
"Those samples located at "JW" denote bulk samples taken from the Jack Williams Lode. The samples located at "2019" denotes bulk samples taken from the broken stock floor material taken from the mined-out areas at the Tyn-y-Cornel area. Accordingly, the Company intends to take further bulk samples from these areas during the current phase of underground work activities which are ongoing."

A number of interested parties - i think its the first time this has been mentioned

"At our Clayton Silver Project in Nevada results from our first drill hole validated our geological interpretation that silver grades were historically under-reported and confirmed the presence of significant silver mineralisation in an area with several active mines and extensive current and historic exploration. The project warrants further intensive exploration and a number of interested parties are currently reviewing data with a view to partnering with the Company in the further exploration of the project."

@rockingoose
that's a good way of explaining it, and lets be positive about the percentage of the major share holding that Alba will have, at this time we have not been told what Alba's share holding would be apart from that it will be a major share holding, Major can mean anything from 20% upwards, lets hope it is a majority share holding of say 51%.

We will have to wait and see what is contained in future information releases until then i see this as potentially good news but want to review the numbers when they are available

i think the share price will stay flat today, the news in todays RNS is as expected and previously planned in terms of works, its just informing us it has started.

so if the CS project is sold to a third party how much do people realistically think its worth, or someone is willing to pay for it based on the known asset

its poor nearly everywhere today

@Yanis, i would tend to agree, however as LL010 was not originally planned they may not have Assay'd it, or there was not sufficient grade to warrant putting it in the RNS (however this seems unlikely as there was literally nearly a whole RNS just for LL010 earlier in the year). Either way it would be good to have this communicated.

@xcoder, it would seem strange not to Assay the largest core drill, they have Assay'd every other hole they have drilled. we were informed in an earlier RNS that all the cores from the phase 1 drilling will be sent for Assay. it may be that because LL010 was not originally planned there may either be a delay in scheduling in the Assay for the extra hole, or they are not doing one, either way we should be informed. Its worth noting that they recovered over half a ton of quartz from LL010, as an explorer why would you not test it for mineralisation?

@xcoder
we have had the Assay results form the phase 1 drilling, showing good levels of mineralisation, however, the most important drill hole, LL010 we have not seen any Assay results for, we are assuming that this would be done as with all the other holes

extract from RNS dated 12th March:

Key Points

· LL010, the final hole in Alba's Phase 1 surface drilling programme, has been completed.

· LL010 was the deepest hole drilled at 176.4 m. It intersected the Upper Lode quartz vein system from 120 to 129 m and the Lower Lode quartz vein system from 139 to 145 m.

· A total of 1.82 m of quartz veins were intersected in the Upper Lode and 5.92 m in the Lower Lode including one intercept of 3.73 m which is the widest intercept in the entire programme.

· At its deepest point LL010 intersected the lode structure 122 metres below the existing Llechfraith mine workings, almost doubling the depth extent identified previously by LL009 (at 66 metres).

· Now that Phase 1 has been completed, Alba's initial geological modelling indicates that the total tonnage estimation for the newly identified lode structure is between 24,000 to 27,000 tonnes in the Lower Lode alone.

· The lode structure remains open at depth within economic stratigraphy below the deepest intercept in LL010, and the western strike extent has yet to be constrained, meaning that this tonnage estimation for the Lower Lode has the potential to be materially increased by further exploration drilling.

· The success of LL010 strongly reinforces Alba's view that the newly modelled zone, which Alba is calling the Llechfraith Lode, is a key target for future development and production at Clogau-St David's.

· Intersecting the lode structure at such depth has significant implications for the entire Clogau St. David's Project, as it indicates that gold-bearing structures mined in and around the mine could extend significantly to depths which historical mining efforts never reached.

there was nearly a whole RNS detailing the quartz veins intersected by LL010, i'm assuming the went to Assay and we will get some results of mineralisation

there is still plenty of news due over the next couple of weeks, possible dewatering permit, agm, annual accounts, Waste tip results, still awaiting info on LL010, Greenland.

fingers crossed its great news

at the current price a raise like 1 share for every 20 would raise just over £1m