Member Info for CHRI5P

The price to buy is back up to 2.2 where it started today - we might finish the day unchanged which would be excellent.

Buyers are coming in again and were back to 1.9p mid. The volume to move the SP is small and any good news will definitely move the SP.

Denarius have spent $3.1 million of the $4 million up until the 30th June. They are now focusing on the PEA. They'll I suspect will be using the updated drilling results so I expect these new resources grades to be announced soon. Due to Option 1 Denarius are leading the work and we are waiting for them. However, they will reach $ 4 million soon, RNS the PEA and I suspect Option 1 will be complete early next year.

The new NPV will be more accurate and should easily top $250 million at the 8% discount rate.

That is without the resources update including the extra possible investigation licence next door.

We do not contribute until Denarius have paid for the Feasibility Study when we will investigate funding.

The size of the mining area even if we own only 20% of it could easily be north of £50 million to us in 2 years time and we are currently valued at £2 million so 10p a share is definitely achievable and reasonable.

Shed I actually believe that the long-term plan is still intact and the SP gyrations is just noise. EUZ is worth at least 10p a share IMHO but my opinion is worthless. The SP is irrelevant in the context of us not necessarily needing to raise funds tomorrow or this year. Due to Denarius taking on the main cost for many more years and we are spending around £250,000 a year. Within the next 18 months if Denarius complete option 1 and start option 2 we will receive $2 million (US).

Yes shed the increase in the indicated is very important because you only use the indicated to calculate the NPV. Up 0.3 today

The last PEA showed a NPV of $156 million

The LOM is now extended from 12 to 15 years and the 3 year average resources prices are much higher.

We are valued at £1.45 million or 1% of the old NPV

No news sometimes just means no news rather than bad news. For me this next few months could be very interesting!

For me the initial Luansobe licence is not potential but real. If you only valued GLR on this licence then we should be worth 2.5p because we have a JORC, a mining license and the cut off to make money is extremely low. Yes, all the other licenses are possibilities and potential but the Luansobe licence is the real deal with 2 further potential licences attached.

GLR 's total Zambia assets could be a company in its own right and could be spun off and let's call it Quantum Zambia.

Up we go today.

By the way HD if SFR wanted to expand next door into Zambia then GLR would be the perfect fit. I did suggest this 6 months ago.

I'm with you HD. GLR is the only CB company with the amount of possible resources to give CB a final farewell. I think a huge deal for the Zambia assets will be announced if the drilling goes well in both licences. AFP have already sold out to FQ which still could be very rewarding but not a ground breaking deal for shareholders.

Prickly any one with any economic sense would say Biden was economic illiterat. When you consider giving the a trillion of helicopter money when the economy is booming and interest rates are at zero percent and then announce a 7 trillion IRA spending programme which caused the inflationary pressures that caused the US to increase interest rates to 5.5%. The oil price was a short blip which can also act as a tax. Harris is more left wing than Biden. Trump might not be a nice person but he his definitely not economic illiterate.

I read in the weekend FT that the UK will need to spend an extra £60 billion on the electricity infrastructure by 2030 and in Europe it is £800 billion. The amount copper required is gigantic and unlike lithium there is no replacement for copper. The only risk to copper is a left wing government in the US that carries on a spending crusade which causes higher interest rates than is required and we get a financial crash which starts in the US but effects the whole world.

If GLR is about to announce a £50 million deal then CB buying BZT now would be a good option because CB is unable to buy any GLR. BZT like GLR is a bargain and a GLR deal would be very good news for BZT.

Too many PI's think that you only need to drill to suddenly have an inferred resource. Drilling costs money and what happens if you keep missing the targets like KAV or more drilling like with XTR's BR causes a worse outcome. Drilling unnecessary is a waste of resources, a risk to what you have and very costly.

That's your problem BS why on earth would you risk spending huge sums of money when there isn't a need to. CB knows what he his doing and doesn't spend unnecessary like a socialist government.

Thankfully we didn't drill more than necessary so as hopefully we will get both mining licences through the application stage. Prem is a pure example of why we should stick to exploration. If they had sold out instead of finding a partner who will now probably buy them out on the cheap they would have made some LTH a small fortune. Thankfully I believe Colin understands the risks of small players in a mid to big time players game.

Thank you Ana it was good to listen again.

Luansobe is definitely up for sale and CB was stating the importance of the second licenced area because it is in the mix a long with the deeps. Worth many times the SP on its own. Pay day is not too far off.

I am so pleased I didn't invest in PREM and carried on buying GLR. People should be more patient with Colin. PREM have made huge mistakes and shareholders are paying the price. AIM exploration is full of has-beens but with 9 possible monetary possibilities GLR is still very well placed.