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I like the idea of them getting in to BTC mining. See below from RNS released 26/1/22
Following the recent successful production testing at the State 16-2 well, the Company will now commence with work to equip the well for production, with initial liquid volumes sold to Utah-based refineries and initial gas volumes potentially sold to a co-located cryptocurrency mining facility development. While Zephyr will consider providing a small portion of seed funding for any co-located cryptocurrency mining development, it is currently envisaged that the potential cryptocurrency mining facility and any future such development projects would likely be spun out into a new entity for the benefit of Zephyr's shareholders, thereby limiting Zephyr's exposure to CAPEX associated with such a development.
@Dip66 thanks for the reply
@notrader. I’m not sure that’s why I asked but I don’t think it is going to be high. I am of the opinion that I would rather be in a JV with NCM than not and we have to compromise on both sides but I would say that GGP compromise on the initial JV agreement so now it’s NCM turn.
@Goat
Sorry but SD didn’t say anything about a £1 party he said we as PI’s should be popping champagne corks and then a week or so later NCM announced they want take the 5%. So I’m hoping that they will not be basing the FMV on a fraction of a fraction but will base it on a few fraction of the whole.
@spadesaspade
I think he is talking about the discovery made by Chalice just out side Perth see link
https://www.australianmining.com.au/news/chalice-makes-significant-nickel-discovery-near-perth/
He said the PFS was done on a fraction of a fraction but how many fractions of the whole will they price the 5% on or even include in the next MRE due soon.
So what would he say now. I would like to know why we should be popping champagne as with what we new at the time but now that NCM are wanting the 5% what would he say now. If NCM offer is low would it still be champagne popping surely there must be some outstanding news to come Thursday in the NCM results as if not are we being played?
Hi froggzy
It was said in this interview a month ago
https://youtube.com/watch?v=65pYtW9DVus&feature=share
Is that for what’s in the public domain now or for something he knows is coming. I mean I won’t be popping champagne corks until we hit 60p mark. I don’t think 16p warrants popping champagne.
I'm not looking to micro manage but I would like to know what they already know but are not telling us share holders yet.
I mean if they know that there is 12mOZ and that this what they will be calculating the 5% against then tell us this or tell us that they will be using the PFS of 4.2 mOZ.
NCM would like to start the process, well all SD has to say is we would like to start the process much later in the year after the 90000 meters of drilling is completed and assays are back. Job done :)