Member Info for dai2belts

No, I don't follow ALL closely either, but if the price does'nt improve that mine will in be in care taker mode before it opens.

I was thinking about buying, but not sure now..

Rock, 500% increase, and not all of the strike included, if I read it right..surprised it did'nt do better maybe a steady climb will start..

MMMMmmmmmm

@PortfolioPower. New low, I thought because of ML delay..

looks like lithium prices have dived, and that mine may not be profitable at today prices, what's your thoughts..

look like DFS used a long term concentrate pricing of US$1,410/t, yet today I see just US$740/mt at 5.5-6.2%, wow looking at June 2023 prices were +US$3000/t, so $1400 was trying to be conservative

"The DFS considers the February 2023 Mineral Resource Estimate of 35.3Mt @ 1.25% Li₂O (increased in July 2024 to 36.8Mt @ 1.24% Li₂O), Ore Reserves of 25.6Mt @ 1.22% Li₂O and long-term concentrate pricing of US$1,410/t, FOB Ghana."

Then ASIC is almost spot price

"C1 cash operating costs of US$377/t of concentrate Free-On-Board (“FOB”) Ghana Port, after by-product

credits, All in Sustaining Cost (“AISC”) of US$675/t;"

Price chart

https://www.metal.com/Lithium/201906260003

https://www.metal.com/price/New%20Energy/Lithium

https://static1.squarespace.com/static/61711d27ed0db12cacbcfb5a/t/6532152bd6c00a6fed803a87/1697781036360/2023.10.20+-+Project+Development+Update+-+Ewoyaa+ML+Grant+%28ASX%29.Final.pdf

https://www.oxfordenergy.org/wpcms/wp-content/uploads/2024/02/Insight-145-Lithium-Price-Volatility.pdf

Reservoir, definitely spelt wrong Rez O Vwa

No agreement and a scary spud update suggesting the possibility it may not be successful, (if successful)..

Possibly the agreement is going slow as they are waiting on the results of Heron 2...

Matd, defying logic, when they were in the dark, possibility of never getting access the sp hit 6p, now its ticking along 2p ???

ALL, could be attempting to break below 12p...

Any reason for this ?

Thats because Horult is on holiday :)

What's scaring the markets at the moment ?

~620m

https://x.com/mastersriv/status/1812388312541180236

Other discoveries I have followed, the 2nd well has been an appraisal,..

Anybody know the distance between Heron 1 & 2 ?

He1 looks like 3 licences are due for renewal, lets see how many are kept.. Tai borders two, and shares Itumbulas.. Other is North of Itumubula, not sure if they run seismic there..

Matd, drilling a development well, which the BB discusses as being a producer while MB describes as establishing the extent of Heron, is just what He1 will being doing attempting to find another producing area in the basement. I wonder if Tai will be deepened before end of year ?

Interesting that Heron 2, is described as a development well, yet " Heron-2 has been located to investigate the extension of the productive reservoir zone seen in the discovery well"

"Drilling to TD is expected to take about 30 days following which wireline logging will be conducted to evaluate the productive potential of the reservoir. A well test and stimulation programme are planned to be executed during the 2024 operational season. IF SUCCESSFUL, Heron-2 will be put on stream in either late 2024, if time permits, or in Q2 2025 after the winter operational shut down."

So that blurs appraisal wells

VOX is not listing updates in the feed list, but they are there under the company page ?

Looks like RNS feed is broken

Mallorca, full of blooming foreigners....

Support UK

https://www.youtube.com/watch?v=irxQ3t984MU

Noble, " In parallel, we will continue to advance our commercial negotiations towards securing a leased plant and offtake agreement. The production requirements are small, only 0.2 bcf per annum and just 2 bcf to underpin a significant and company-making 10 year contract - which is well within reach."

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02752865-6A1186047

NHE. 0.2bcf/y or 200,000mcf/y

He1 20-30 wells, max 6mcf

20x6x365=44,000mcf/y

30x6x365=66,000mcf/y

Https://www.helium-one.com/wp-content/uploads/2023/02/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf

BNL

https://www.lse.co.uk/ShareChat.html?ShareTicker=HE1&share=Helium-One&thread=46ADFF49-9BB4-4D21-8A4E-52DD0D709812

Https://www.lse.co.uk/ShareChat.html?ShareTicker=HE1&share=Helium-One&thread=CFE62A9F-67DD-4C95-8CE3-E2EE67A32E9D

At least the gas is clean unlike that mine in Australia that polluted the water with lead..

Would be interesting to find out if any drinking wells take water from the basement, and if water that deep is part of the water table that supports the local population, maybe surfacing a springs.. But after realising that the water was flowed, and choked back to diameter very close to our household 15mm copper pipes, would say 25 wells (25 stand pipes) have a environmental impact, especially if spread out over a sizeable area ? I wonder how many wells they plan on a single pad..

Possible appraisal well to establish extend of fractured/faulted play

https://youtu.be/r8VLUWiQ_hI?t=309

Looks like they started that ESIA beginning of April

https://youtu.be/fLaiIpoSo-Q?t=70