Member Info for CHRI5P

No on one buys a mining asset on the spot price. They use the 3 year average and look at the expectation of the resources demand/supply going forward into decades.

Hi 10baggger I hope you're well. When you consider charts then EUZ is a real dog and you did well to get out. I'm still around and other than everyone else as sold out feel this is an easy 10 bagger if the MLA is accepted and we can increase the acrerage but this is IMO and I don't have inside information.

The WF licence phase 1 is not just about the £750,000 to spend we also need to be able to suggest a min 500.000 tons of copper and a pay back of 42 months. If we complete phase 1 it could be massive but it might cost much more than £750,000 to show enough copper is actually there.

The WF could be the best licence in the area. However, we have to spend at least £750,000 and show that there could be a certain amount of copper before we get our 65%. If and I mean if we pass phase 1 then we do have another amazing prospect. Let's not count our chickens before they have hatched

FS at the moment I completely disagree with you because we have not found anything yet. After phase one that might change.

Not that long because we need to spend 750 thousand by April 2025

Yes a positive RNS but a sale of a prospect is the one we require. I suspect the SP will fall today but would love to be proved wrong.

Good idea Ana

If the RNS is imminent is it the sale Kavitivi or Luansombe both of which are worth over $50 million IMO?

Exactly BSM, no need to have deleted the link in my opinion unless there actually might be some truth in it!

Implied content

What a day up 0.125p, volume huge, long may it continue.

Now moved up 0.125p

The post was about the content of the RNS !

Starting to rise again - RNS tomorrow!

The traders will always take their 10% and quite often it pays off in AIM mining but for me GLR is in a great position to prosper the only problem is no one but a few realise it yet.

1.15 to sell

GLR moving up again

My reasoning of a billion is pure speculation concerning Shinganda. If we have an IOCG then it is likely to have over 2 million tons of copper equivalent and we will own 65% of it. We are paying for the drilling and feasibility study so we will retain 65% of the asset if there is more tthan a million tons equivalent. AFP have already sold out to FQ so will only get 25% of the project. I hope both areas have 2 million + copper equivalent but for GLR Shinganda is the prize asset.

It was funny in the podcast when I think Charles said he liked AFP and then they started talking about Luansobe being worth at least $50 million and a buyer on the doorstep. They then discussed GLR being worth $300 million in a couple of years with a dozen projects. AFP only as one big project because the other 2 are very limited yet Charles likes AFP. The podcast only mentioned 2 of GLR's assets and really they only touched the service. GLR could be a billion dollar company.