Surely on Wednesday when we are assigned the £2m in Afrimat shares we will see a jump in share price of minimum 20%. This has happened when we received cash in the past with the Glenover sale. The sp has jumped at least to the proportion of the new value incoming to current Mcap.
thanks for sharing analytical.
in this difficult time it's good to know that lisences are getting approved in and around the areas we arw wanting to mine.
we have the presentation around contractors on ka****u, we can see artisanal licenses over ka****ue (lessons learned from starzinc), meaning we just have to wait our turn for them to flip over to approved.
similar with luansobe, small scale licenses approved of a smaller size and further away to.the nearest customer than we are. others are seeing value in that and arguably we are in a better position.
the sp has took a battering, but we know we have things lines up, it's just when they tick over.
Good point 3CB, and lots of silver. The Zambian government own 5% of the asset too. Lots of reasons to get it running at full pace.
Also looks like the MMs are going to walk this up and down for their own gain until we get monetisation news. It was only in April we hit 1.5p and have come down since then for no apparent reason
I forgot to copy the cadastre link in
https://portals.landfolio.com/zambia/
hi nowornever
the most information we have on npv is on page 27 of this report
https://galileoresources.com/wp-content/uploads/glr-presentation-mar2023.pdf
as chri5p says we are waiting for what sort of offtake agreement we will have.
there are a total of 3 artisanal mining license apps in over ka****ue. at the time i made this tweet in april there were 2
https://twitter.com/sharedata12/status/1647623667155628033?t=6cwg875ieuowgauwp2bpeg&s=19
that information i keep track of on the zambia mining cadastre (link below). tip, toggle on the "applications" on, then tupe 30503-hq-sel in the search bar i.e ka****u is about 4 o'clock position underneath the town of kabwe.
agreed chri5p, it wasn't long ago we would jump 30% in a day on purchasing a new asset or achieving good results. now we have to work the same just to tread water or stop a steeper decline in a struggling world market. cash is king it seems when it comes to sp. i'll be intersted in how the market reacts when we get our afrimat shares. i'm expecting an increase proportion to our mcap at least.
ka****u,luansobe and sz top players for us and furthering our mcap/sp. something tells me there's big news on the above coming soon
it has been a while cyberia for sz. pretty much felt like it was written off. the zambian mining cadastre was closed for nearly 2 years whilst it was surveyed for corruption and has only just been issuing licenses again in the last few months, it had over 2000 apps as a backlog. all of a sudden starzinc license gets approved last week. which means we should be back on. hopefully we will get formal update of this and what the next steps are.
similar story with ka****u, however we sneaked our exploration license through 1 week before the cadastre closed. this allows us to donthe exploration analytical is speaking of. as soon as the cadastre opened, 3 artisanal mining licenses went in over the top.
again formal notification required. the above explains the slow progress in the 2 assets up until now
definitely, sz was sold due to its difficult placing by houses etc
ka****u is different and in open land (rns quote below)
"ka****u project: the ka****u zinc project in zambia has similar characteristics to the star zinc project but is considered to be larger and the company plan an exploration program for 2021 with the primary objective of developing a resource for the supply to a nearby refinery and / or the raw ore export market. the ka****u area is in open land the topography of which does not suit itself to urbanisation"
3 artisan licenses in play, trucks and a digger can be seen on apple maps
https://twitter.com/sharedata12/status/1647623667155628033?t=bnoachmmqvxqgnoxrd5i_w&s=19
Thats right flipper, rising last year powered on by the "green" global agenda, then the rug pulled like other battery boom metals when faced with global recession, assuming demand will drop. Never the less the green agenda continues and the proce is still low while stockpiles are used up to an all-time low. This compounds the shortage issue. We also can't have metal prices flying up amidst a global recession either. The prices will eventually be released and they will be on a steep incline.
It was the prospect of $1m a month in jan 2021 that saw our Sp climb to 2.68p on the day and average around 2.3p for a period of time
So this is big news when it becomes official. The zinc price will return from its temporarily suppressed state, being held down by the market assuming battery boom industry will decline in the short term. However just like copper, lithium, rare earths we know there will be a high demand.
Here are the Starzinc royalty calcs
Zinc grade
40%+ with a cut off of 3%
Average 25% from RNS,interviews and company presentation
Royalty minimum 3% increasing by 1% every $250/t to a max of 10%
Examples
Current Zinc price $2480/t - royalty 3%
Peak price last year (July 22) $4371/t royalty - 10%
Max output 16000 tons rock per month
Current price royalty at max output
16000x2480x0.03x0.25 = $297,600/m
Mine size 400k tons = 25months of royalties at max output
= 25x $297,600 = $7,440,000 total. 50% mcap
As the price of zinc returns then the royalty goes up. Example max price 2022 and max output would be $1.7m per month!!!!
Good results from Bulwayo 2gt on the surface is a hood indicator, especially when there's a prevous mine next door that produced 440k ounces. We had similar results at Shinganda in zambia, put a few test pits in that produced 33g/t and then all of a sudden we have a major sniffing around giving us options of a sale. So today this won't have am affect on SP, but a good step forwards.
Finally! After 18 months the Starzinc small scale mining license has been approved!!! Due the the mines close proximity to civil buildings it has been running on an Artisanal mining lisence. Now it has the small scale approved, this means large machinery and explosives can be used
https://twitter.com/Sharedata12/status/1673776001820573696?s=19
Bring on our monthly royalties!!!!!
https://www.lse.co.uk/rns/GLR/sale-of-star-zinc-project-strategy-update-xpz0siivm8sdl4z.html