Member Info for bonker99

Found an online translator but had to do it a page at a time because of the size of it :)

Likely a sentence or two missing I would imagine - stuck it on my site rather than sitting here waiting for pages to load 30+ seconds at a time ...

Try hitting the link below twice if it doesn't work.

Try this :)

https://tinyurl.com/y4b3dwbv

https://twitter.com/YuanTalks/status/1140594579827130368

#China’s economic planner #NDRC:

China will study and introduce polices on #RareEarths as soon as possible;
it firmly opposes attempt to use products made with China’s exported rare earths to suppress its development

There's bigger buys than that knocking about ;)

The sensible Lithium pricing in the PFS caught my eye.

NPV vs current mcap is the best metric though IMO, if you can ignore/even out all the other differences between apparently competing companies that gives you a better idea of which one to punt in on IMO.

Always best to hope for the WOW but factor in the lowball case too IMO ;)

That said - I wouldn't be surprised to see a 30p placing to fund the DFS ...

Well they'll need £10m or so for the DFS alone but it's up to them if/how they approach any drilling for that DFS but to my eye, this would appear to support a 40s SP on even double the current share issue at PFS stage and double that at DFS.

Bearing in mind this has 80s as the prior chart top that strikes me as a pretty good fully-funded target here via the debt/equity outlined below.

Nice.

I'm not sure it needs more - those PFS numbers are stonking vs the current mcap.

100% ownership of the project here??

Nice - c£10m of cash in the kitty now - good to see the Chairman weigh in too.

And an avalanche of buying if they have the temerity to try to take her to cash-only at upper 7s :)

Well the, 30s is also a valid shout because of that Sam 8s floor and the prior 12s spike.

See how she goes - a super add/hold IMO, China vs US isn't getting resolved anytime soon.

Morning.

Not too fussed about the warrants TBH - the prize is a substantial BFS taking into account the new +60% resource size and a REM basket price at a level that puts this at 20p+.

An 8s floor is pretty much spot-on for that shout.

I haven't crawled over the numbers but in "challenging" parts of the world you'd want to see an IRR of 30+.

If I'm reading the BFS NPV right and again, check this yourselves but on that alone this would seem to be worth c£35m mcap + cash but that's with Copper @ $3.3 which it's nowhere near at the mo so it's perhaps not economically viable at sub-$3 but there's many others like that out there of course waiting for Copper to fly which I'm sure it will eventually - barring a recession.

The simple reality is that if you're rocking 0.5% Copper (as many older/huge mines are now) then you need sheer size to make the numbers work. Given a sub-20 IRR, the size would not appear to be there to make that so.

Anyway GLA.

Morning peeps - Gold heading towards my base target @ $1,355 right now - Silver @ $15.

@ $3.3 to boot.

Quite possibly the lowest daily RSI I've seen in ten years :)

I've no idea what happens next but it sho is interesting :)

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They're on commission mate ;)

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