Member Info for Coyote2020

Worth the wait. All coming together now.

Try RNS dated 16/11/15.

High Grade Copper Mineralization Intersected at BKS.

A US$4 billion NPV is Tier 1 territory.

Too early for cost curves, capex etc, an exploration project bordering on further exploration and/or development.

Figures based on measured, indicated and inferred with forecast or future base metal prices for both copper and gold. A back of an envelope calculation to illustrate the size, scale and worth of this project giving some perspective further on down the road.

With reference to a previous posting on 25/3/23, the figures for CONTAINED metals at Beutong are;

2.43 mt Cu @ $12000/t = $29.16B

2.11 moz Au @ $2050/oz = $4.33B

20.9 moz Ag @ $23.25/oz = $0.486B

Total = US$33.98B

For example, using the KSK life (LOM) revenues of $1.4B gives a NPV of $162.8M giving Beutong pro-rata, a NPV of US$3.951B.

This doesn't of course include the massive upside possibilities this project holds with further exploration at depth.

Reference your stake in this company Analytical, could you pick up a few shares in Oriole Resources as it's been the 'bleeding hearts club' over there for the past two years and more since the price spike.

Regards.

Well done Analytical, would have missed this interview otherwise.

Proving up to be an African adventure not to be missed!

PREM bagged 13 times to a market cap of over £200m with their Zulu project (1.06% LiO2) also in Zimbabwe.

Beutong must be a hot topic in the region. How many JORC compliant copper-gold resources of this magnitude are available at this time.

Still, once market sentiment returns to this sector and realistic m/caps what appears to be a large margin at these levels will become insignificant with a higher share price. This arrangement today has 2 years to run. A lot can happen in that time.

Rare earths and another copper prospect thought to be VMS style all on the same licence.

Thanks panda1, I should have tested the figures.

Lanstead retain the difference between the benchmark 0.2533p and the subscription 0.19p. Does seem to be a hefty mark-up just for providing the facility/service with no cash involved.

Does anyone here hold a position in this stock?

If the deal is as bad as you say, the shares would be down 50%.

Here is another take.

In essence, Lanstead will be alloted 930m shares at no cost to themselves, having entered into an agreement to sell 38.75m shares each month for 24 consecutive months back into the market, the proceeds of which are handed to Oriole at a monthly rate of £73,625/mth using a benchmark or perceived average of 0.2533p/sh.

Lanstead's fee for doing this is 83.7m shares which presumably can be sold at anytime.

I guess an RNS will be released each month quoting the amount raised for comparison with the benchmark figure ( + or -) for the duration thereby acting as monitor to the proceedings.

There is now another performance indicator. Measuring not only how well the BOD are carrying out their duties and the rest, but a measure of how well the company is viewed by the retail trade or private investor (you and me). Talk the company up and maybe the monthly figure increases, shout the company down and maybe the monthly figure decreases. Subtle.

Gives the retail trade some control over the share price (if you are a believer in what's written on BB can make a difference) and in command of it's own destiny to a degree.

All IMO. Dyor.

The second deal Rio have made in a week (Sovereign).

The Majors are getting interested.

Small cap Aterian (£10m) explorer secures earn-in agreement with Rio Tinto for Lithium in Rwanda.

Small cap Aterian (£10m) explorer secures earn-in arrangement with Rio Tinto for Lithium in Rwanda.

Try patience.

"Patients, dear boy, patients."

Can't remember who said that, but seems appropriate.

Earlier this year Barrick Gold instructed it's exploration department to focus on Indonesia for 2024.