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Good interview - v experienced and a good communicator and big shareholder - v good for lex i think

I can definitely see 4 x from here with the currently defined resources. The 10 bagger + would really only materialise imo if we can add that extra 500,000 tonnes of good grade copper within the 97kilometres. Obviously a very interesting area to explore once we have started banking substantial cash from the existing projects.

Worth also remembering that BZT gets a zinc resource with the processing plant, and the price has been improving lately. Could become a producer of that too.

Yep to clarify I'm saying 40m$ + for the lot at Luansobe. The other assets I have less of an idea what a good figure would be - in the kalahari we are v well positioned so it could be worth a chunk to the right buyer and there could be competition for it.

The zinc looks promising with licenses - surely the lithium asset is less prime given the current prices.

Shinganda appears to need a lot of work. Ferber is worth more now than a year ago for sure.

I guess start with one deal and we have the firepower to deliver the others - potential of all assets in total if things go well I agree could be north of $100m

Then throw in the NW Zambia license - v interesting area for potential 4 or 5% copper in large volumes.

GLR is in a v strong position once one significant deal for $$ is done, at least we now have a clear RNSd timetable for that

Anyone who thinks we are getting $100m + for Luansobe needs a reality check. As for waiting years and years for a few more $million on the sale price, not for me thanks. There is a time value to money and a bird in the hand etc. On the basis you'd happily wait another 3 years I'm pretty glad you're not running it Chri5p.

Hopefully the current roaring copper price will concentrate everyone's mind to get a deal done at Luansobe, it does seem to be taking forever to make progress.

Colin's work at BZT is demonstrating that he can still put a good deal together, just shows what can happen when solid progress occurs. Maybe when he has the finance package at BZT signed up he can fully focus on GLR for a bit and get it done within 3 months - as I've stated I'd be pretty happy for 40$million plus for an outright sale, cash up front.

Agree with Titanium and Iky, this is a calculated risk and that CB history (and similar with Bushranger at XTR) is why we are sub 1p rather than 2p or 3p with current metal prices. On the plus side, for those who believe this is a real deal in the making, you can get in cheap.

I also believe this is a significantly different situation to Concordia (or wouldn't be invested).

Also, if Colin could finalise a financing at BZT for example, that will have a great read across for all his companies - ie he can still get a significant money making deal done. BZT financing deal done= GLR at 1.2p or something without new Luansobe news, just my opinion.

Had a quick revisit of that 2017 time period as a matter of interest as I wasn't in GLR then.

Looks like there was a significant spike may/june 2017 on the back of Concordia drilling to c 10p. Then the last RNS I can see about Concordia is 11th August 2017 so presumably it turned out to be a dud and got no further individual mention thereafter.

Assuming the same fate doesn't await Luansobe as there is a resource mining license etc.

Great time to announce the financing with copper roaring, tho I think it will be a week or 3 away

at the end of the day its a massive deal for bzt and with hopefully at least a couple of interested parties its worth spending the time getting it right

Question is why hasn't the price shot up, maybe some delayed sells to go with them if they are buys

I wonder what price of gold is needed to make LEX move in a meaningful way, 5000? 10000? so many other gold juniors flying while we remain stuck in the mud.

I think the cash is for Botswana and Ferber more than anything, which they'd have to pause if they had to wait 6 months for cash from a Luansobe deal

Many thanks

Apologies if link already shared, but how do you access the 10am presentation? I don't see anything on their website.

Agree with flipper, the deeps are purely speculative and I don't see anyone paying much for them at the moment - its all about the extended open pit and the mining licenses and what we could get for that - the deeps are the cherry to entice someone to take a big bite - in my view $40mill would be a decent result for a sale -$50m + = brilliant

Shame a deal couldn't have been done with the existing financial resources, had a feeling they were running pretty low. If we are in advanced negotiations for an asset sale I suppose we are in a stronger position - but time to deliver a deal now that brings serious money in

Meant silver too! but gold worth a double shout - and plenty of it at H&G

Gold copper gold all booming - would be a great time to announce some financing :)

I suppose if Sino is willing to pay $7m for the Old Kent Road, what is Bond Street/Mayfair worth?

Thanks JL