Member Info for Basicali

Same here, took them at 1.4, they are for nowt at this price. First stop back to last Feb price circa 4 once news brings attention again in a month or so. All quiet here until then.

Before I sign off, and for what it’s worth, here is a note to holders I believe needs bringing up: When defining a resource a company must find its limits. By definition this means some future drills (step outs) will hit very little to nothing; we will have gone beyond the resource in defining its extent. You do not need me to point out the market may react to these drills, but anyone with any experience in the matter will know these step out dusters are needed to JORC the find. I believe we will offset this with drilling “bullseye” targets in the same drill campaigns. We will have such targets better defined now by the down hole work. In short, the impact on the market of drill results and the impact on the actual project itself become disjointed at these points... we have all seen this first hand this week. Good luck

News @23:43 I think in terms of what we can consider “known” at this point,, or at least delineated to a reasonable degree,, is the worst case figures I initially posted: 400m depth, 160m radius, 2g/t grade,, still giving a market cap of circa £150M. Note: 160m radius maybe a stretch to claim as proven at this point but it seems reasonable. The £500M calculation is more an extrapolation of this and is what we need to prove up in future drilling. Again, this is off reasonable grade and depth assumptions from what we do already know. To me, the most relevant point here is that even a very conservative definition of the resource, based on factul results to date, gives a value nearly triple the current SP.

Yup, £500M market cap / shares in issue... 15.5p Havieron alone Not even factoring: 20 Havieron copy cat anomalies identified Scallywag looks like a monster (look at the geophis) Highly prospective Black hills barely touched yet Earnest Giles (huge area and our previous darling) ...... do I need to go on??!!??

I should say at this point I believe the calculation will be more like: 800 depth 160m radius 3g/t grade £500M Havieron asset value as it sits in the ground. All major credit cards accepted!! 😆

Evening all, News, to take up your earlier point on calculating off 800m at this point (as that is where we have got to), the calculation is, of course, based on strike depth, not overall drill depth. (Note, I do think we will define this to an 800m resource depth being from 400m to 1200m) Let’s take a worst case scenario calculation based on absolute known facts. Depth at least circa 400m (proven up by 005 & 006) Radius at least circa 160m (proven up by step outs) Grades at least 2 g/t (proven up on assays) Using the mid range £50/oz gig value, this gives us a WORST CASE CENARIO market cap of £155M for HAVIERON ALONE! ... I’m selling the wife’s car and putting the lot in if we’re at 1.8 for much longer!

Looking at the large trades coming in regularly today I think it’s wise to keep an eye on PRIM and MTR for an RNS update on their holding here. Selling or buying it’s hard to ascertain, but it looks like one or both are amending their holding.

My buy this morning also shows as a sell

Some good assistance by posters this morning. Those with access please do keep the L2 updates coming.

Correction - £40K £19.9K at 08:21 & £20.1K at 08:46

Dropped to fill that £20K buy order it seems. Good sign