Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It would be hard to get a stake here given how illiquid it is. On top of that, Alex, other co-founders and Ilwella own enough to repel any hostile bids. On top of that, a lot of the value here is in Alex's know how on the ground along with the data and team he's built. Crux say the data they've obtained would usually cost $20 million to put together from scratch
1. Verkhuba is just one prospect on the VMS licence. Talovskoye looks very promising, see rock chips results. They're drilling new targets provided by Mitre Geophysics. Look up Kate Hine.
2. BHP grant. They've pegged ground near CAML's Kounrad. If fieldwork shows prospectivity, BHP could provide follow on investment.
3. Getech JV. See RNS, they've said specifically they're going to build up data and attract investment for that. Low cost to EST to send a field team out and Getech to provide their AI analysis for a 5% stake in the JV.
Copper assets alone hugely promising and worth a lot more, even if you just price in Verkhuba alone.
Oh and there's gold licences that could get disposed of as well. More than 10km of strike with potentially economic grades. They have a JV with the state mining company on that.
Brilliantly timed top up Blackgold. For the noobs, check the AMC report in the presentation section of the website. There's a nice table at the start with some NPV calculation. Consider the drill results were thicker than the historical data, think we get a bump up on the open pit resource estimate.
Post RTO that sounds right. Although need to factor in dilution to an extent as warrant conversions likely to happen before 6p. If the porphyry looks viable and BHP provide follow on support from Xplor, that could overcome any such overhang
Https://www.youtube.com/watch?v=JirI4LAUT0o&pp=ygUTZWFzdCBzdGFyIHJlc291cmNlcw%3D%3D
Well, we can see they are going all in on copper now with different attack vectors. We've got VMS, porphyry and sediment hosted. We can see from the Getech RNS they're taking payment in shares in the JV. But they really need to get news out on Verkhuba and dump the gold and rare earth.
As I asked before is £4m justified here? BHP backing them to try out a brand new porphyry strategy. Verkhuba will be production ready in a year or two. Conveyor belt of other Rudny Altai prospects on motion. Talovskoye and then other targets to be tested in the summer. Enough cash for a summer drill and if they can get the price closer to 5p, that's up to a £1m coming in from warrant exercises.
Hasn't sunk in at all. Yes, we have Verkhuba and other VMS targets but getting into the porphyry game in CAML Toe's back garden with BHP in tow is huge. Yes, they take years and lots of investment but is £4m mcap justified here?
CAML toe, we're coming for you -- https://www.centralasiametals.com/operations/kounrad/
Doug, they came to market with gold and copper licences. They did gold first as targets were drill ready but copper was always the main priority and took longer as they consulted experts and pegged more licences. REE was an opportunistic deal and only cost them $100k to drill and "fast fail". Copper has been the core focus and remains so. Verkhuba is the short term driver, Talovskoye and other targets after that and the new porphyry strand is another string to their bow.