Member Info for CHRI5P

Levi you sòund like Vulcan and they were a waste of space so your filtered. Try posting something meaningful.

I still believe Kamatavi will and should be sold. My only criticism of CB is that we have too many projects and it is imperative that we start selling some of them and especially the ones which require huge sums of drilling and money to progress to a mine. We need to make sure we make money and distribute some of it to shareholders this year

The amount of cash reduced $170K in 6 months with almost $490K left so no need for a placing in the next 12months.

Butterman when you own a huge area of land then chances of getting commercial grades on all 10 initial drills is zero. The fact that they all had some Lithium is very good news. It suggests that there is a large deposit but it will not be in every square foot of the licence. In fact the majority of the area will not be viable. You would be stupid to think we should be getting commercial grades on all 10 holes with only 1500 metres of drilling. We haven't touched the service (literally) but we have made progress in identifying targets.

Yes and SFR bought some licenses - is this a repeat performance.

Yes thank you Data - with copper prices on the increase, the Fed letting inflation tick up, the UK/EU coming out of recession, interest rates on the brink of falling worldwide, China looking to boost their economy, share prices reaching new highs worldwide and we are on the brink of a copper mining license! I think I will sit back and have a glass of red.

The SP declining is not about the assets it is about PI's either needing to sell or being naive. Either way we still have not had a negative RNS since the Star Zinc one 4 years ago. We have 6 possible area's that have licence/JORC that could be sold and still leave us with, a possible IOCG, the NW Zambia licence, Luansobe deep mine and possible bonus payments from SFR. What an amazing company to be invested in.

Yes Ana I have posted a few times that Ferber was being drilled this year. Another miner in the area is getting funding from the US government to prove up an area for copper mining. Ferber should have copper as well as gold. Definitely another future sale this year.

Y

Just topped up with a 250000 shares

I believe that Kamativi will be sold regardless of the Iky source. It is far to large for us. I expect a JV will be announced soon. We will be selling licenses in the Kalahari and I would even sell Luansobe at the right price but that would be an easy one to mine ourselves through a contract deal.

Copper is moving higher and this will continue not just because of the supply shortage long-term, the charts are breaking out, gold hit a new high this evening but because the Fed is determined to reflate the US economy whatever it takes. Risky assets are on a high and commodities like copper will be massively under supplied.

Most people need to get real on 10 needle in haystack drills

I agree FS that Kamativa is still in play.

When we did early drilling in Kalahari we found no copper but good indications that there were while SFR found copper in one drill - the SP fell due to ignorance. In January these same licenses are looking very good for a sale. When you are doing your first drills it is very much a needle in haystack and finding out where not to drill and even though we were drilling a bit blind we averaged 0.26%. Someone wrongly compared it to XTR's BR who with AA had years of data and over 40,000 meters of drilling and the average grade was 0.25% - is it me or do most people get real on 10 needle in haystack drills.

It is quite funny the reaction to the RNS and obviously I would have wanted 10 drills showing 1.0 % + grades but if that happened over a 1.5 mile length the SP would be over £10 so it was never going to happen- no miner is that lucky. However, it would have been better to have had another hole with 1.0% grades. What happens now is IMO we have moved forward to either more targeted drilling with a more likely sale or JV depending on the results. The area is covered with Lithium but at low grades from the reconnaissance. The interpretation is that there will be a deposit but the size and cost to prove it is commercially viable is not a given

Collin confirmed what I posted earlier that having a presence of Lithium in a large area is good news. This is what is required at this stage.

There is a huge area where Lithium is present and that would suggest that within that area and/or at more depth there is better grades. We have done 10 shallow drills and have found Lithium in everyone, this is good news and actually what I was expecting. Anyone who though we were going to have data to show we could start digging for Lithium tomorrow is a bit naive

This is mega news

This is all my opinion and not fact.

Moneyman64 the problem with most AIM exploration private investors is that they don't understand risk. When I invest in AIM exploration I look at one thing and that is can it 10 bag. That is why I have not bought AFP, KAV, PREM and sold out of HZM, RMM, EUA because I think they have/had less than 1% of a chance of 10 bagging and the possibility of dilution is very much a live. I bought EUA at an average of 0.4p and sold out at an average of 13p because the ability to 10 bag was gone but the risk of total collapse had not changed. GLR in my opinion as a 50% chance of 10 bagging regardless of the current SP so I am fully invested.