The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Sean, also note the even higher grades in drills 2-3. In particular the Silver in Drill 2. IMO. Industrial demand for silver will rocket when the world switches back on. Aswell as for solar panels and hyper-dermic needles amongst many other uses. ;)
TenSpec if I said yes to that question it would show your little knowledge of mining by asking the question in the first place.
Do the calculations based on all the commodities in drills 2-3 inc, gold silver, copper, molybdenum, zinc, lead, and I’m confident you will start to see a total figure of $4000-6000 per +. (All be it Mercuria will only be taking our copper concentrate this week which I have provided my estimate/calculations for below. (whilst we stockpile the additional minerals).
Estimate was based on ‘Drill 1’ slightly lower concentrate grades, and the ‘Total’: figure does not include the PER TONNE €/£ value for the lead/zinc/molybdenum which I will calculate and provide another full estimate from the higher overall commodity drill grades from Drills 2/3.
BASED ON
RNS: 17 AUG 2020
MY ESTIMATE BASED UPON THE MINE IN FULL PRODUCTION
£/$ PER TONNE VALUES BASED ON TODAYS SPOT:
FIRST SAMPLE
Copper Concentrate:
35.2% Copper (Cu) at 88.2% recovery
$7215 @ 35.2% = $2539 @ 88.2% = $2239 / £1675
IMO. Sold to Mercuria at 85-90% Value.
+ STOCKPILED LEAD & ZINC.
STOCKPILED / CREDITS (NOT INCLUDED IN SALE)
........
14.8g/t Gold (Au) at 78.2% recovery
$1800oz / 14.8g = $856 @ 78.2% = $669 / £500
......
954g/t Silver (Ag) at 76.9% recovery
$750/kilo at 954g = $715 at 76.9% = $549 / £410
Total: $3457 / £2586 PER TONNE
I will prepare the additional project economics for you based on the additional two drill results from the AUG. RNS
TaTa
B3NTL3Y
MCAP 25m
I will have a significant holding here medium to long term Antharry to see the extraction of the Silver and Gold aswell as the Copper, Zinc, Molybedenum & Lead, especially with Double the Output/Revenue forecast for Q1 2021 and a multiple commodity producing EUROPEAN geographically located Producing Mine.
RNS: 17 AUG 2020
FIRST SAMPLE
Copper Concentrate:
35.2% Copper (Cu) at 88.2% recovery
14.8g/t Gold (Au) at 78.2% recovery !!!
954g/t Silver (Ag) at 76.9% recovery !!!
SECOND SAMPLE
Copper Concentrate:
43.4% Copper (Cu) at 93.8% recovery
3.98% Lead (Pb) at 80.5% recovery
7.48% Zinc (Zn) at 38.9% loss
17.7g/t Gold (Au) at 75.2% recovery
1393g/t Silver (Ag) at 83.0% recovery !!!
Zinc Concentrate:
0.70% Copper (Cu) at 0.2% loss
0.16% Lead (Pb) at 0.5% loss
62.99% Zinc (Zn) at 51.1% recovery
0.62g/t Gold (Au) at 0.4% recovery
127g/t Silver (Ag) at 1.1% recovery
THIRD SAMPLE
Copper Concentrate:
34.6% Copper (Cu) at 91.3% recovery
0.15% Molybdenum (Mo) at 2.9% loss
14.8g/t Gold (Au) at 72.7% recovery
763g/t Silver (Ag) at 69.3% recovery !!!
Molybdenum Concentrate:
1.3% Copper (Cu) at 0.2% loss
45.2% molybdenum (Mo) at 65.3% recovery
6.5g/t Gold (Au) at 2.3% recovery
128g/t Silver (Ag) at 0.9% recovery
Imo. Antharry. RNS’s will be ‘ Wham, Wham, Wham, Wham from here in, with multiple positive / perfectly orchestrated and precisely timed (For the benefit of the Holders) Investors and Traders are either IN or they’re OUT.
B3NTL3Y
Ben, thank you for providing clear informative posts for VASTs investors and clarity surrounding any future consolidation which will be positive for holders imo. Pleased this is now clear for you Ford and other board readers. Piker, and thanks for your reply Antharry.
Important points to Note:
‘ The MCAP will be the same regardless of any consolidation ‘ (current MCAP 25m)
‘So for example if there is a 4 to 1 share consolidation the maths is below;
You have 600,000 shares at 0.20 = £1200
After consolidation you would have 15000 at 0.80 = £1200
Share consolidation on shares with billions of shares in issue can generally be a good thing as it makes volume/liquidity move the share price more naturally. ‘
My explanation below explains a comparable company / share with theoretical less shares in issue but a higher SP Price to buy them /which still represents the Same MCAP of 25m. ‘Only est. 2.9bn shares equivalent with an SP of 1p. Compare that to other shares or PRODUCERS’
‘A PRODUCING EUROPEAN MINE 100% owned. Unlike many other shares with no means of financing a MIne or taking it to production at a minimum cost of a $100 million US dollars or £75 million GBP and 5-7 years wait to bring online.
A Producing mine with with no attributable value priced into it MCAP of £25 million for its $100m / £75m Mine Infrastructure, physical assets, JORC, minerals, resources, reserves, future sales & revenue or VASTs additional assets and licences.
Important points to note: Watch the MCAP to truly reflect the company & forward VALUE.
Delivery this week should also conclude the ‘Proof of Concept’ not just receipt of ongoing contracted income/ revenue.
Ben - To Note. The MCAP will still be the same /equivalent regardless of any consolidation.
Holders have shed loads of shares (In comparison to other shares they may hold) but it doesn’t matter what the SP is. Effectively it will be an equivalent to what price you have paid. But less shares in issue.
Traders will be locked out at every given Opportunity. Wham, Wham, Wham Wham, with positive / perfectly orchestrated and precisely timed RNS’s both In and out of hours from here on in and over the next few weeks.
Great Result from the AGM today.
Only est. 2.9bn shares equivalent with an SP of 1p. Compare that to other PRODUCERS.
Not bad for a PRODUCING EUROPEAN MINE 100% owned. Unlike many other shares with no means of financing a MIne or taking it to production at a minimum cost of a $100 million US dollars or £75 million GBP and 5-7 years wait to bring online.
A Producing mine with with no attributable value priced into it MCAP of £25 million for its $100m / £75m Mine Infrastructure, physical assets, JORC, minerals, resources, reserves, future sales & revenue or VASTs additional assets and licences.
You forgot to include the following Tenspec.
‘($5.37m)(Upto 2nd December 2020)
(Based on ‘Today’s Spot Prices’ today’s USD/GBP Exchange Rate. ‘
The copper ‘concentrate’ I would anticipate to be at a Minimum of 36% of those $figures + additional credits for the additional minerals refined) and sold to Mercuria at min value of 90%. Zinc & Lead aside. But other than Piker and one or two other respectable board holders who used the values & figures to share his estimate to the benefit and inform other board members & readers. Rather than be a Cretin and offer nothing positive or constructive to the board discussion.
Think you may find my name may suggest in some way what I’m involved with, aswell as interests in certain sectors.
B3NTL3Y
Doesn’t matter the daily price to me Buko I’m not here for a Cretin traders poxy £50. I know what Vast is worth with its resources, reserves, assets, revenue and an operational mine and it’s certainly not a 25m MCAP. This is a 3-5 year term investment for me just like holding the Family Silver. (Oh and I wonder when we start extracting that amongst the additional minerals & diamonds). Il still be here when we reach 2,3,4,5p & I would suggest other serious investors have a long term holding all the same.
B3NTL3Y