Member Info for Animal

I echo the sentiments below about Larry Johnson's management of our investment to date. OK, the SP is well short of where many of us bought in but to my mind he's gone about this the right way. We all sort of hoped the in-ground resource was valuable to an off-taker but it wasn't defined; it soon will be. Larry knew early on that water was an issue; he's close to awarding the pipeline contract. Incidentally, the fact we're not a 'producing mine' has certain tax advantages as far as I remember. The Tant shipped last year were re-badged 'samples'. All the capital expenditure will be tax deductible as a result I think. Nobody likes to spend more on tax than they want to. There's been several tasty indicators that the folks on the ground are confident in what they've got - all the outlay on roads in the area for drilling and a shed-load of drilling to date with more to come.

Yes, I feel we're finally getting somewhere. The agonizing part is the wait for real information!

What are people’s views on the wording regarding timing of the JORC i.e. ‘by Q2 2019’?

One hopes the RNS was deliberately written and not clumsily.

Pranchalee, loadsa money! MCAP multiples of where we are now when mine in full swing in the next year or so. I thin an outright sale looks less likely with talk of a JV.

Excellent news, well done everyone for keeping the faith. The 2015 Venmyn report confirmed an estimated resource of 843,000t of 490ppm Ta2O5 so this RNS is substantial as it alludes to that figure, and that's just the first 2 sites. Happy days.

How do you know? I’d imagine that until the JORC is more widely known the offtaker(s) won’t waste too much time talking. Come on MSA, let’s be having you.

Guys, I can buy well below the ask. Any ideas? Big sell being worked?

It’s a binary play but GC’s mates aren’t daft and they’re invested heavily here at much higher MCAP.

Chunky sells today too but no move on SP. It’ll be bed and isa time before we know it!

All very quiet here. Minimal trades. Hopefully not long to wait now.

The MMs don’t know what to do with this. Everyone bar a few close associates of Larry is in the dark. Have you seen the spread?!

So $186000 per metric tonne?

$186 per Kg I think.

If he did then that’d be worth $2.5million by my reckoning. Expensive stuff is tantalite.

Yours, Pranchalee?!

Steven49, options for funding are 2 fold I reckon. 1. The usual pump to a reasonable price and then get a fund raise away for GC et al on the back of a decent JORC; or 2. Decent JORC and secure JV partner to develop the mine in return for guaranteed supply of high grade Tantalum etc etc

At £140,000 per tonne and 30 tonne per quarter as mentioned by Larry Johnson in the past that should see us at a tidy MCAP!

That's an encouraging rise but y'all could've waited until I got paid to start the speculative punt........

Ah, thanks. So that’s where our fridges cycle their power requirement based on the time of day and the demand on the national grid and where our cars defrost themselves before going out in the morning based on the forecast, and there’s an AI portal in every room to control all aspects of a room’s function?

Xtra, what’s IoT trends?

You're most welcome! I think the reason the SP is so depressed is based on all the uncertainty over whether we really have enough resource to mine for enough years; the JORC and mine plan from MSA will help inform that. That and the lack of news about how the water pipe will be funded and how the procurement process is going.

For my money I reckon an equity partner will pay for the pipeline once the resource is better defined. Without wishing my life away I'd love the mine to be up and running at 10 tonnes of tantalum per month, which will happen in late 2020 I'm hoping.

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See ‘the bible’ https://inis.iaea.org/collection/NCLCollectionStore/_Public/08/327/8327940.pdf