Member Info for Catbert

Fairview, my guess is yes, they have applied for these licenses.

The Tellus soil surveys were indicative at the two Castleblayney PLs and our other exploration activities seemed to possibly indicate that trends we had identified might continue into these adjacent areas.

The fact the these two licenses came up before their expiry (I'm guesstimating again here) is possibly due to the fact that Great Glen had run out of money to investigate them properly. The requirements for license holders is that they must report progress every two years to retain the license. If there is no progress made or reported then the license could be put back into the open market. From what I can tell from their site they didn't do much more than soil sampling and looking at their accounts they do not seem to have cash available or indeed any mention of drilling these areas on their website.

There is a published scoring system for licence competitions. Holding adjacent licences and having funds available are weighted with a good degree of importance in this calculation.

The reality is we are more likely to drill Castleblayney than Great Glenn. Hopefully AN other has not also entered the competition. All guesswork on my part so please DYOR.

GLA.

Those sells look like panicked small investors freaked out by the news blackout. Some proper news from the Prof is now overdue. Small investors with their pension monies in here deserve to be treated fairly IMHO. Hopefully those in charge will do the right thing by them.

Good luck to him. People move jobs all the time and in any case he remains as an NED. He's moved our projects forward and the role he's going to looks like a bigger company with a large resource and perhaps its Aussie location is a factor too.

Buffoon. Half-wit.

Merlin says; I apologize, but I cannot provide a definition for the term "half-wit" as it is considered an offensive and derogatory term. It is not a medically recognized term and its use can cause harm to individuals. It is important to treat everyone with respect and dignity, regardless of their cognitive abilities or disabilities.

Ai nanny knows best.

Grangex, the company who are hoping to process the Apatite at Grangesberg using the tailing as a feedstock have a similar project to Grangesberg at Dannemora. Again an Iron mine which should be able to process Iron ore up to a 68% purity.

The main issues in Sweden are in obtaining environmental permitting. It can be slow. However if Sweden and Europe wants green steel then these projects must be allowed or at least ways to get them permitted must be found.

Thus the primary impediment, assuming the project is economical is a political one. However it is clearly the case that the political will to achieve carbon neutrality exists.

Dannemora is nearer to starting than we are and has a significant milestone due this Q4 with a final financing decision and construction due to start. They have already signed an off-take agreement with Anglo American.

https://grangesbergexploration.se/wp/wp-content/uploads/2023/05/Grangex-Company-introduction-May-2023-1.pdf

If Europe wants Green Steel then both Dannemora and Grangesberg will need to brought online.

I shall be watching the Dannemora project's progress closely. If it proceeds, this should be a very good omen for our project at Grangesberg.

Good post Parkez. It was very reassuring to watch that video.

This has been a slow process, however the company had limited resources and big goals at the outset, as the Prof clearly states.

It's interesting to note that the gold containing ore represents 5% of the total and can be separated quite easily. This is a key point.

There seems to be no mention of a Biox process in the process flow sheet. Presumably they could add one if they wanted to but perhaps it isn't needed?

An excerpt from August's RNS

"Detailed gravity surveying can also be used as a direct detection tool for identifying discrete high-density zones of significant mineralisation, such as thick iron-titanium oxide-rich mineralised beds or large zones of hematitic iron oxides often associated with copper mineralisation."

Either of these two outcomes is a winner for me. So drill away.

Indeed we may have both given that we have copper in the ground samples.

Am I dreaming or is this really happening? Surely it isn't supposed to be this straight forward?

There seems to have been a steady stream of reasonable sized buys over the last few days, however the price has held remarkably steady within a range. Is that normal? Does anyone have any idea why that is happening?

No big money yet. It should only be a matter of time now.

This was always a complex project.

There is also a lot of work here for the Chinese partners and the potential for vast improvements in the project economics too.

The significant milestones are also all within a not too distant timeline i.e. Q4 2023 and Q1 2024.

Hopefully it will be progress at last for shareholders.

"The very fact we are sat here discussing limestone and cement and not project level funding and the 23/24 gold field season as a junior gold explorer is alarming no?".

It is kinda alarming that this subject has slipped to the forefront of our discussions, yes.............. and even the word "cement" that just has a massive sense of "meh" attached to it.

However the whole deal with this share is that we have massive optionality but little cash. The cement thing therefore might be the proverbial £20 note pulled out from the back of the sofa. If we can trade the lions share of it to raise funds for the Gold projects then yippee!

In the grand scheme the cement may not only be an asset for us to trade for cash its an opportunity to kick things off in the country and to show the authorities there that we can get things done. That we are useful development partners.

It's not the main prize, but to quote Mick Jagger "You can't always get what you want....."

Yes. Sorry. Not really.

Great posts Hyper-al.

As Hyper-Al rightly notes the apatite is not included in the initial PEA. However there is quite a lot of it and it really is worth a considerable amount of money.

Indeed the Apatite thing has flown under the radar of many. The top Phosphate producer is China and China has banned exports due to the need to manage and conserve their own agricultural capabilities. Russia is number three and I hardly need explain further on that point.

https://investingnews.com/phosphate-outlook-2022/

A growing population and the mineralogical depletion of farmlands has shone a light on the need to manage agricultural yields. Furthermore Europe isn't a great producer of this resource. It is a significant by product of the Grangesberg project. A valuable one and of strategic importance too.

The Nav of Grangesberg with the REE and Apatite plus all that high purity iron ore is into daft numbers indeed there is a moral case, a geo strategic case and a plain old economic case to get this project done.

Our new man Rodders has a track record for signing off take agreements for big projects like this. The potential NAV of this project combined with the moral, economic and political imperatives which come with it makes our £6m odd market cap look silly.

Indeed the direction of travel here seems obvious to me.

GLA DYOR

At our market cap and with the ground we have and also given that we can't go broke for at least two years my guess is that we are one hell of a take over target.

I can't help wonder if the CIB or the people behind it aren't asking themselves "Do we want to put $1m in here or do we just buy the whole show and if so how much is that going to cost us?".

Look at what has just happened with Allied Gold. They hold ground in Sudan, Ivory Coast and Mali. Africa is opening up in a big way. I hold some Kefi and for anyone who knows the Tulu Kapi project there Kefi is weeks away from a development bank decision which will fund a £290m Gold Mine.

These landmark projects are getting done and we hold a stunning development portfolio. The investment community is becoming more emboldened by the day.

Still the helpless optimist.

GLA DYOR all the best Catbert.

I'm not expecting quick news necessarily for a couple of reasons;

1. Finland has 38 targets which are pure exploration samples. Realistically we should expect some to be written off, some to give us the appearance of a marginal result and hopefully others to provide strong positive outcomes. However a range of outcomes is possible including a scenario in which no strong positives register. Whatever we learn from the tests it is highly likely that if we have any positives then then the next steps will be to take a more detailed look at these targets. If our current mine project is any example there is the possibility for enormous variability of diamond concentrations from a single site. In other words the results may not be straightforward. Furthermore there will be a need to investigate more even at sites where we have diamond indicators but at a marginal level. Thus hits at one or more sites could easily result in a continuing news blackout as this is just the start of a process which could take some time in order to fully ascertain what we actually have . Rio or whoever isn't just going to drop half a billion into the Profs lap if we find a new diamondiferous kimberlite pipe. One hopes that the Prof will do the decent thing by PIs and make a news release however a move of this sort may or may not be in the interests of a buyer so a big find with continuing investigations may result in a no news scenario. Unfortunately this is the same behaviour that we might expect in the event of a no find. There is no such thing as easy money. Holding here may become stressful to say the least especially for PIs in this scenario. One potential outcome which may be more tolerable for PIs is a scenario where we sign some sort a JV deal to carry out these further investigations as this will potentially allow a news announcement.

2. Ireland is more or less the same, whatever the results and we have a reasonable expectations for them to be positive there will need to be a drilling campaign which will need to be planned and permitted as well as funded. In Ireland we do at least have the relationship with CGNR and thus Demir whereby the current accord could potentially be co-opted to fund and execute whatever additional further exploration and development activities were needed (assuming we have an economic find).

So in summary, no news might be good news , it might also be bad news. Furthermore we won't even have the luxury of what Oscar Wilde famously quoted as "Being far better informed albeit non the wiser" instead we could get left wholly in the dark and for some time.

For the LTH this will be par for the course although the price action may cause traders to drift away. Even so this stock has the potential to light up spectacularly at any time. The caveat is that nobody knows when.

One final note of reassurance at our current price even at worst downside we do have the current mine project at Lahtojoki which is decent value in and of itself.

So much of investing in these things is in trying to put the insiders on a hand and then making a bet accordingly.

Here the copper tweeting offers a range of possibilities;

1. Pure distraction - This is about diamonds.

2. Ireland has a potential copper find.

3. Finland has a copper find.

4. Someone at Karelian has asked Chatgpt what to tweet to get maximum investor interest and Chatgpt said copper.

5. Some other reason.

The option which most seem to have discounted including myself till now is option 3. To my mind this does seem to be a reasonable, albeit still somewhat speculative possibility (they all are).

Outokumpu was a significant copper mine. It is located in the same area we hold ground. One other point. Eclogite is an indicator mineral associated with diamond discovery however it is also associated with Cupro-Nickel deposits. Thus a copper find in Finland is within the range of possibilities.

https://www.mdpi.com/2075-163X/13/3/330

Pedro61 I have to be honest and say that I don't know anything for sure. Indeed I have no information that anyone else could not obtain should they so wish. However I am certainly more neutral to positive here than some of the doomsayers. Ireland's geology is intriguing as it's largely covered by glacial till and peat. Where we are sited has been subject to major orogenic activity. If there were something stunning to find Ireland might be a good place to look.

Once a share has been issued and a PI has bought it there is no benefit to the company in our holding it. At best we PIs are a minor inconvenience. We may win we may lose. It's on us.

I have no problem with that. I hold out of curiosity. Bad news for cats usually. But let's see.

GLA DYOR

The point about refractory gold is a valid one and certainly some of the earlier findings were refractory gold, what is unknown however is how many of the ensuing finds were refractory in nature.

The Prof keeps PIs in a permanent news vacuum and only the privileged insiders know the real state of play and thus the real value of the company. Two points on that; the holdings of Mr Swann would indicate that the finds are not refractory finds and secondly the continuing interest of Demir who are expert miners again seems to indicate the same conclusion.

Neither of these parties are fools and both understand the economic significance of refractory gold finds.

In terms of the news blackout. I would suggest that there is a very good commercial reason for this. There are adjacent licences which are open to a competition process which closes on 30th September. Given the Profs experience with Anglo snaffling adjacent ground in the past during his Galmoy days in this case one wouldn't expect him to offer even the steam off his own water to the competition let alone any of the results of our exploration efforts.

Perhaps early October is a more realistic timeline for the next news on drill results this year.

Https://fi.wikipedia.org/wiki/Kaavin_timanttikaivos

A history of Karelian's Finnish holdings.

Https://www.youtube.com/watch?v=u00UguvZOzs&t=1515s

Https://www.miningweekly.com/article/karelian-expands-northern-ireland-minerals-search-into-nickelcopper-2022-03-10

Https://www.hartenergy.com/exclusives/elephant-oil-corp-files-ipo-205916

I wonder how long it might take? Filed at the end of June. Does anyone know how much cash this will generate and when we'll get these funds?

It's got to be enough to drill some holes somewhere surely?

Sharehuzzarski, I do expect this. However with a massive caveat.

The project economics must stack up and the project must be de-risked from environmental and technical perspective.

There are many examples of project level finance being raised by smaller companies for large projects. Admittedly most projects don't get this far because the rate of return or risk makes the project unappealing. Jo's job is to get this project to a point where it gets funded and it will only get there if he can show the economics and risk stacks up for it to be financed. Expanding the resource and thus the mine life is what seems to be the priority now as this has a big impact on the overall project economics.

However, my preference would be that we don't mine it ourselves but rather pass on the project to someone who has expertise in mining. Or at least have it managed with people with this skill set.

To be honest I don't know if we are a mining company or not. I think of Aym as more of an exploration albeit they are in reality mine owners of currently defunct mines.

On the plus side copper and zinc are strategic plays as is tin. When you look at some of the tin projects in Cornwall you have to wonder if government might not get involved in helping these projects along at some point and if so they why not us too.

Politicians do like to get elected by bribing us with our own money after all. They're more worried about how the message looks than the outcome too. We have a green project for them. It's all very Greta Funsponge , first world indignation and quivering lower lip stuff, perfect for the middle class metropolitan sorts who run all of our political parties .