Member Info for Datacheck

Nice work CHRI5P, im sure you'll get a decent return on that investment!

this may pop up at the end of the day when the MMs run out of time to find the sales to match the buys

For what it's worth, my estimate was a 50/50 split of the profit as this is approx what the set up was with Starzinc when we were going to sell zinc ore to JLP to mix with their tailings at Sable

Same set up again only this time we are selling copper ore to jlp to mix with tailings by mufulira.

Hi OD, admittedly I was surprised when CB mentioned it in a Roast interview in January he mentioned profit to GLR of 75-87%. Feels low for the opex minor and the copper "smelter company" to me.....but he definitely said it. Iv been looking In my noted and it was around January time but can't put my finger on it right now

I'll look again tomorrow

Hi Olddrongo

At risk of being lazy and not posting my old calcs as I came accross Analyticals first when scrolling back

See below for rough estimate.

Average grade - 1.1% 600k tonnes @ 75% recovery @$8500 per tonne (currently $9,000) * 82% Profit i.e 0.2% cut-off (i.e 1-(0.2/1.1) * 75% ownership to GLR = $25.8m per annum for each of the 10 years in operation.

£25m a year for 10 years. CB made comment to these calcs in one of his interviews so they must be ball park

Sandfire would really tule the KCB if the bought out CCC. Ig doesn't feel like too much of a step fir them, especially that in the next few months they will be full operational and making profit.

That would be a real game changer as that would be a statement of intent of buying the whole monopoly board on the KCB. Exciting concept

I feel Cobre will be in the mix somewhere too in that sale/ purchase

Huge news for the KCB this, Cobre are last years success story hitting visible copper in the drill cores

A rising tide floats all boats! they are next door and their 10000m drilling programme about to start will prove how valuable any land on the KCB is. we have over 7000sqkm still

each day is a step closer to the the 3rd party mining contractor tender

the gates are opening this week on the mining license application process also :-)

Excellent news for us and Luansobe

SZ
Inferred Resource estimate (from Addison) - 26th June 2019 - SP 0.525
Release of final report - 21st Aug 2019 - SP 0.617
Delta
56 days
SP increase 18%

Luansobe
Inferred Resource estimate (from Addison) - 9th Feb
Release of final report +56 days : Estimate 6th April
SP (+18%) = 1.18p

next steps (luansobe)
3rd party contractor acquired for mining
Offtake agreement
License App (SZ jump 65% on this news of agreement made for license - prior to application)
Mining License awarded - Big Money Bagger

I was just about to say: "that will do for me today"

good start to the week, another couple like that to build momentum into our news flow we KNOW we have coming up over the next few weeks.

good work AgentSmyth!

in the last 26 months we have only spent 3 of them under 1p. in that time we have seen the covid, Ukraine war, and commodity prices plummet. arguably all 3 are behind us now (war is still going, but from global market point of view we are working around it with lesser impact than it started)

anyway, given the above, we are not going to stay at 1p for long.

just for reference, we shot up to 2.68p when we thought we would get £10m a year of starzinc, imagine what the market will project when we start the run up to £30m a year from Luansobe.

Me too Analytical, I believe the market is depressing the value of assets in Zambia due to the temp closure/halt on the Cadastre. As of the end of this month, we are all systems go again. something that was an impossibility is now possible

its good to see on the satellite pictures operations started at Ka****u with the diggers and trucks. learning when we saw the same with SZ before the mining license was issued, that the pre strip can be removed somewhat and put somewhere else without a license. call it heavy duty gardening on your own land.

it will be good to see the 3rd party contractor agreed for Luansobe any time now (overdue) and operations started in readiness for the license.

annoying isnt it Iky, MMs putting the brakes on for some reason

sometimes in the morning it comes down to 5% ish. I picked some up about 1.05 the week before last

Buys coming in this morning.

Zambian Mining Cadastre issuing Licenses again this week. the key to our revenue

https://diggers.news/business/2023/03/22/weve-received-over-2000-mining-licence-applications-cadastre-dept/

Good work Funky, accumulating when we are down here is a wise move imo. There's news around the corner that we know will shift the SP.

Jorc report
Offtake agreement with JLP (I think what Analytical was referring to as our partner)
3rd party mining contractor agreed
Mining liscenece application

Not that it's my plan, but there's short term gains to be made there from these prices

The big time is the notification of start operations though. What we've learned from Starzinc and Ka****u os that you don't need the mining liscence to start the pre strip, so that could start sooner rather than later

That works for me Analytical

We haven't produced any copper VB. The rising copper price will raise the NPV of the copper assets and market demand also due to copper shortage. Example where we have done that before is the KCB liscences. We bought 15 licences for $900K approx, a year later sold 7 for $4m after a period of drilling and market demand increasing.

Turns out with luansobe we have the option to start producing rock rather than a asset sale. Seems like Luansobe really has legs from what we know. A few hoops to jump through yet admittedly

Excellent news for us. Cobre starting their 10000m drill programme on a site just a few hundred metres from our PL253. Further Copper found by Cobre will increase the saleability of our 253 without us even having to touch it

https://twitter.com/Sharedata12/status/1620898936994283520?t=WqMWizNdFH3coEpboqHbOw&s=19

Agreed Analytical

we bought into Zimbabwe Bulwayo as there are many Artisanal Miners in the area already producing gold

" High-grade gold is currently being mined by artisans and small-scale miners at reported average grades of 5 to 7g/t Au" From Interim Results RNS

we have mapped the locations of the mines, the licences already in existence, used the Excalibur flight survey to follow the gold trends onto our own Licence area and prove up suspicions via Grab sample, finding over 1g/t on the surface!

great start! maybe a series of Exploration pits Similar to Shinganda will be the next low cost exploration process after further sampling, maybe direct to drilling. Either way 1g/t on the surface when next door is getting 5-7 in a mine is good going.

*Bulwayo

You would have thought Moneygilb. The prevous installments of cash have added to put SP the slightly more given the cash is the catalyst to proving up value in our other projects

1 of 2 boxes ticked now for Glenover, the market surely must give us some forward false based on that. £5.2m not far off now and 50% minimum SP hike

Great progress on Bulwaya, ticking away there, giving all thr right signs