Member Info for CHRI5P

Lead up almost 12% in a month

Shed, GGP sold out 75% to a major to get to DFS stage and then GGP will need to be part of the raising for the construction of the mine which I am sure I read would cost a billion dollars. However, at DFS stage most of the money comes from the banks. GGP did not have any indicated resources and they needed to do £200 million of work to get to DFS stage. However, we have taken our project a lot further and we are now just trying to increase our grades a bit. I would not be surprised if we did not keep 45% of Toral to get it to the final stage where the fundraising for the construction of the mine is to be raised.
No one knew just what GGP had until the major came a long and things do get exaggerated hence their 20 x rise. However, it puts credibility on the table and it makes investors realize that it is going to happen and finally we do not need a major a mid sized minor will be good enough

Hi Shed the Covid dip was in the 3 year trailing average and this time next year at the time of a possible PFS the Covid prices will be coming out. However, Zinc is up 5% today, 13% for the week and almost 50% year on year. At the end of the day it is the price of the resources which will ultimately decide our destiny now that most of the ground work's been done.

UFO's main resources is silver

Zinc up above $4,000 and that is way above the report done 16 months ago. In fact at these prices pay back of mining capital would be at 3 years which is what every exploration mine aims for in their PFS/DFS. No news is not good for the SP but don't be surprised if a partner is close which should give the SP a boost. We have talked about UFO but the thing no one mentioned and BB would find irrelevant but Shed interesting is that Silver had a huge spike when they multi bagged by 20. Someone will be watching/waiting to do the deal with zinc at these levels.

MM interesting JSE is back to 6p - the last time this happened the JSE kept rising and the AIM price eventually rose and we had a 6 x rise.

KAV had kalahari news the other day which showed there could be good news but they will need to do more drilling and I suspect that the results will not be back until the end of the year. They started drilling around the same time has us. CB will not want to updated on our drilling until he gets an update from Sandfire which sounds very promising.

The big new:

Zinc was on steroids today up 4% yes up 4% in one day. Zinc is now at it's highest since 2007 and is not far from the all time high.

It is all about the resources and their price which will determined are future - most of the work we have done and more proving up with higher grades will only make our case even more desirable.

This company is worth so much more and our day will definitely come again.

Zinc was on steroids today up 4% yes up 4% in one day. Zinc is now at it's highest since 2007 and is not far from the all time high.

There is so much to look forward to.

We need to be careful we don't let riff raff in.

Ella it looks like we have an annoying little man come to our board. I have done some initial research and I can't see why ARCM is worth more than GLR but it's share value is actually 4 x higher. What does AMRC have which is so valuable or is it destine to fail because of it's high price?

Jedster74 we have not promoted the company well in the last couple of years but we have done the proving up but in world of explores constantly needing placements to raise funds both are required. Anyone who says that they put image before the work on Toral are deranged because it is the opposite.

jedster74 it is perfectly OK for you to have a moan you are well down like many LTH. You might be right and a new CEO is required. For me Myles can cope with what is required until we have a more positive outlook. You are not like BB who is undoubtedly the most annoying poster I have ever read. Some one who never gives any feedback just one continuous moan.
I do blame LR for not selling the company to investors better and doing more often. I also blame LR and Myles for not finding over explorations because I don't feel like they have been doing enough work for their buck. There are very few one exploration AIM miners that I know of.
Unfortunately, I was reading the board last night with out being logged in and I read BB's essay of nothing and after 18 months they still don't understand exploration.
Toral was always what the BOD concentrated on and it might be something for BB to think about the average DFS takes over 7 years form inferred resources being shown- this process of exploration is a very long game. The good thing is that the supply of basic metals will not meet demand for many years unless the green's leave town or we have a depression. So demand is not going to change and supply just can not catch up mainly because of the exploration process takes for ever. This is why I am OK with EUZ because we have resources in the ground which are likely to go up. So in some ways Toral would be worth more completing a PFS in 2 years rather than in one years time if we can keep costs to a minimum. The worst time to buy shares in an exploration mine is just after the first inferred data because the SP price shoots up because PI's think the metal is there and they will be mining in less than 2 years time when reality strikes and the proving up can take decades especially if the price of the commodity is out of favor. Hence why EUA have take 20 years with mainly only inferred resources to show their worth - the trigger was palladium tripling in price and saying that we are for sale.
What ever the BOD do next we have the resources in the right metals, the right location and the more we can prove up and the more the price of resources go up the more likely we will get a payout. However, anyone who like BB is 98% down will never get their money back because they got in far too early and didn't understand the exploration process and that is a fact and a lesson for us all.

I managed to pick a few more up at 0.103 because even though I am worried about the sell off I am so positive on GLR it is a wonderful opportunity.

I agree and have sympathy for EUA holders and obviously Ukrainians

Can we have 2 blue days on the run?

will we see a blue day?

tried to buy 25,000 shares but it would not allow me.

I agree Shed. Myles taking on the CEO might be a cash saving exercise if LR's payout was not too large. It might be that due to EUZ only having one project there really is not enough to do and the larger shareholders might have encouraged LR leaving now.

iky786 - Why do some AIM share 10 or 20 bag in a year? Because they go so insanely undervalued that it just happens once the herd realize it. You will have loads of investors waiting on the sidelines who are momentum investors who are waiting for the move. The AIM market is anything but a smooth operator.