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I mean the 11 stacked layers above the Cane Creek in each well that could all be sidetracked from along with the main Cane Creek target.
10 wells pumping from Cane Creek is massive.
10 wells pumping from Cane Creek plus 4 additional upper-layers is a games changer!
The NdPr ore body is still open at depth and in several directions - there could be loads more resource than currently known which will add to mine life over time
I can't wait to find out how many commercial oil-bearing reservoirs are supporting the Cane Creek main fan... if a few are good oil then that will be a massive game changer!
I agree Chris and am confident George is sorting things. I was meaning an update from George as they must know more by now - not a leak update in the media. Patience as you say.
Sorry if I am being impatient.
Surely after several trading days and a weekend we should at least know "why" Rainbow exports have been suspended?
I've mentioned before - MKA's patent hydrogen recycle investment (still pilot stage) could be massive if raw NdPr concentrate prices increase.
What's the odds in PRE and MKA merging in the future years for large-scale patent hydrogen magnet recycle technology and extra resource. Surely extra carbon credits for going full-cycle in extraction-processing concentrate-recycle. The recycle of REO's is important step not to be over looked
Not sure about Kasuku - is that the first well?
Itumbula looks a good play... tests upper trap and some nice deeper tilted plays that could be sealed good and close to basement. Miombo looks tastey also.
I think the biggest risk with the drill is if there's a decent reservoir seal. Yes, 10% helium seeping from the ground hints it's there and good quality but seeping from the ground is the migration trapped?
Oil and gas traps require seal but helium is soo light and can escape from any weakness in seal quality. The Crux interview suggested if all the wells fail on this campaign thd option B is the salt seal plays that are currently less researched at this stage
Ok, thanks LB
Thought things were going to smoothly. I wonder if the ramping up of 'pilot mining' and that RBW are about to 'make profit' has been pushed to the point the Burundi mining department consider it no longer 'pilot mining' and new 'full scale' permits etc. are required?
You sure the £49 cost wasn't them telling you what you would lose on the spread?
Barclays bed n isa is automated and takes seconds... no fee but still costs you the sell and buy price difference (spread).
Steady as she goes before the next news flow.
Paul hasn't done an interview for ages. We could get business plan news or other 'big news' that Paul would follow up with a welcomed interview. That could break £2 again after recent consolidation period imo.
To be fair todays RNS is rehashed news CCZ should already know about. How can this important historic BHP data only just come to light this close to drilling. I can understand the company trying to build PR but you can't fool the market.
To be conservative - If only 1 of the 4 wells comes in commercial... what mc we looking at?
If they don't get the EL by Q2 2021 is a write off... hence people not 'jumping in' incase more delays.
I was quite impressed with the interview. Whst more could MB say? Good interview.
Indeed Tony - This and PRE both good stocks.
I also invested some in MKA as they have a slightly different business model that is yet to fruit. Their magnet recycling (using patent hydrogen technology) could grow massive? Their mine is a JV.
They still need to raise funds for next phase of the PFS for the DX project?
I asked when RBW likely to make their first dividend payment.
If we're due to move into profit this quarter and 10 fold mining upscale on the pilot mine and the gypsum stacks 17 years of easy money (unless I got bits wrong there) then we should be able to reap rewards soon. We are not all here just for unpredictable sp rises... value stocks are important. If RBW is committed to become a respected miner it needs to pay dividends asap when in profit. Unless of course, RBW has big growth/acquisition plans.
Let's see if it gets asked.
Didn't the CEO of INTU tell everyone and his workers there was no way INTU was going to fall into administration... then week later INTU was in administration. Hopefully this saga all pans out better
Don't they have $2b worth of icecreams in the freezer from 1% of their plot of their fridge? That's why placing was successful at 35p and not at 5.5p as this time last year.