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There's so much evidence out there now for the copper deficits that the market will factor that in. This year is said to be the staff of the world monopoly on copper asset buying. End users cutting out middle men (clumsy example tesla purchasing copper producing assets), commodity companies buying assets just to keep and hold so competition doesn't get hold of it. All.of this will increase the value. Sandfire are set to make some serious cash this year and you bet they will further invest in the area they are already established.

Cobre have drilled into a very promising asset with visible copper. Our asset as can be seen PL253 is along the same geophysics anomalies. The value of Cobre's kitlanya will raise our PL253 value by proxy. A rising tide on the KCB will float all boats. We bought 15 or so liscences for £900k, held them for a year and sold 7 for £4.5m.

https://twitter.com/Sharedata12/status/1620898936994283520?t=jBiFtbkjM2O837TCREXZ9g&s=19

Really looking forward to this year on the KCB.......we will drill 253 and the rest will look after itself continuously increasing in value purely due to the reasons iv said above

Hopefully, we will find out very soon what's going on with Luansobe.

CB and Martin Churchouse are in Zambia now and have taken the Sunday Roast guys with them to show them round JLB and what was described as the Ndola copper belt (where luansobe is). This is surely a sign of JV between JLP and their tailings dumps and our ore frommthe shallow pit to be sold to JLP to enrich the tailings for processing at Sable or the Mulfeira processing plant they have "rented". Very good sign for us

As for the tender going out, I think it was always spoke of end of Q4 last year. Addison are preparing the information particularly around the pre strip to produce a tender doc....this is the last info we know.

Imo the fact they are off to Zambia is a good sign, luansobe at the moment will just be a field and the tailings dumps will just look like piles of rock, so the key focus of going to zambia will be to hold face to face meetings and make agreements, very much likely with a local contractor. I imagine CB and Leon could talk whatever arrangement they will make between each other over the phone.

Fingers crossed

Good summary Analytical

Agreed, with nearterm monetisation should be our key concentration right now until the money from Afrimat comes. We have a financial commitment to kamitivi and bulwayo so will have to keep those ticking along, the market seems (up until recently) to really like those 2 projects with the news of them initially contributing to our 60% rise. All remaining funds to be conserved for luansobe and our longevity financially.

KCB retained to take back burner for now, altho I'm very interested to see what pl 253 holds next to cobre. Drill results there would have to go through visible copper to have the same affect on sp imo as luansobe open put starting production. Of the 2, the highest probability in the near term is luansobe, plus it safeguards our future and is the catalyst for exploration to the nth degree of our other assets woth the money made

yesterday was MMs trying to move a stagnant SP. drop it, make the spread negligible and pretty much no risk.......surprisingly still no takers. this is a bargain now especially with a spread of just 2.61%

Agreed moneygilb

CBs interview in November said as much "the chinese are interested"....One that specialises in Iron Oxide Copper Gold (IOCG) Deposits

From the zambia mining cadastre you can see the nearest major is Sino-Kesampa, which is chinese owned and also is in possession of a large scale IOCG mining liscence AND a processing plant (see link below)

https://twitter.com/Sharedata12/status/1592998443488010242?t=hEiWLdeIraD5EKbJQVm-MA&s=19

Imo an asset sale will be on the cards to them

Tough one isn't CHRI5P, frustrating. To coin one of CBs phrases "we are working hard just to tread water". Maybe on the plus side, at least we are treading water unlike the performance of other small cap minors atm. Thus is just a matter of time now

MMs killing us with this spread

Hole 2 looking promising. 47m deep 8% copper and 3% gold, and 50 meters of 1.5% copper starting only 21m deep.
Easily an open pit......the 3rd party major CB spoke of will be interested in this. They are already helping us understand our results, they don't give up their own time to minors just for charity

I'll be interesting in what Galileo has to say about this.....hopefully a joint interview with CB and someone else as well. Martyn C maybe

As Ella says the Roast boys are being shown around our assets and I hear its Maryn who is being the guide.

Someone selling a couple wedges, the MMs put the spread to nearly 17%......they didn't like that.

That was the key take away for me, Luansobe on the final throws of all the analysis and engagement with 3rd party contractors for the operation. Addison can't be that far off completion now and I'm sure CB will be being drip fed the information, particularly the pre strip data to get a head start with negotiations. Addison did the starzinc document (found on the website) and its over 100 pages

I really like CB, great guy, absolutely top of his field for knowledge, track record of making multi multi million pound companies and has a natural affinity to predict the future market for commodities. I do feel however in GLRs case currently, the market would like a different presepective when updating about GLR. All of our assets are progressing at pace and the news is like feast and famine. So although recent PR (whilst commendable and im appreciative of the effort and time taken to update us investors and the market) theres no new info.....yet. Maybe Martyn Churchouse giving his prespective on why he joined the GLR team and relating our assets to his experience would give a fresh angle to the information we have already, whilst we wait for the assets to progress and provide new updates.

*re rate

Great news for us also

Sandfire shares are up at $6 ozzy dollars so we are now in profit by 20% ($300k as we have $1.5m at $5.22)

US$1.5 million by the issue of 370,477 Sandfire ordinary shares to the Company (the "Consideration Shares") at an issue price of A$5.227 per share

Jan 2021 RNS above

Thats 5%ish of our MCap in profit while we are valued at £15m.

Since we first touched 1.6p july last yr, all the assets have progressed with drilling, proving copper in the ground in zambia, grab samples proving lithium and gold in zimbabwe, sandfire shares are 20% up from 50% down, that's a difference of nearly $1m, copper price 30% up, zinc up, lithium up, gold up.

Literally, everything about our fundamentals is up from our 12 month high of 1.6p, yet we are down at 1.3p.

There has to be a re rage coming soon. These big spreads by the MMs are holding us here.....for now.

Great news as copper price returns to its level it was before the global downturn caused by the war and covid last yr. Copper price back, all of our assets have moved on, means there no reason why the sp(mcap) can't return either, 1.6p. A more realistic but still under valuation of us. Great base for the leg up driven by asset management and unlocking value in those Q1 and Q2

Afternoon Analytical/All. 100%, Addison mining must be getting the final drill assays if not already have them. This should give CB some numbers to publish to us all verified by industry standard JORC....off take agreement to shortly follow.

I hear that over on Twitter the Sunday Roast gents are going to Zambia/RSA end of this month to view some GLR, XTR and JLP assets, Colin with them. Colin won't be visiting Zambia for no reason or to just provide a tour guide service. Deals are going to be done and we can bet its Luamsobe/shinganda maybe even SZ and Ka****u related. My money is on Luansobe and JLP copper negotiations

Ignore *tomorrow (predictive text or wishful thinking by my phone)

Here is an extract from JLP update

https://twitter.com/Sharedata12/status/1593349745547821057?t=5eyNVzCkF_B6J9HpGVgp_g&s=19

Project Elephant (copper tailings) coming online q1 this year, ramping up in Q2. Funnily enough the deal was secured with Mopani for use of their smelter in Aug 21, to bring tailings dumps into process q1 2022. Similar time CB steps down from JLP Non Exec Chair continues as advisor for a further 2 years.

December 21 just 4 months later, CB buys Luansobe with a plan to bring to JORC in 18monts (q1/2 2022)

Can't be a coincidence, GLR will be selling our Ore tomorrow with JLP tailings. Similar set up to what we had with Starzinc and mixing zinc ore with JLP zinc taikings (also in zambia)

https://twitter.com/Sharedata12/status/1593346624335630340?t=N1iTVpTM0H5X0oqBCg2TNw&s=19

Luansobe just a few km from JLP mopani smelter and tailings dumps

Q2, just in time for ramp up in production of project Elephant for Jubilee. They intend to process copper tailings dumps near Mufulira and Luansobe. They will need copper ore to mix with the tailings. Our small open pit should be operational exactly the same time approx 5km away. Colin is still advisor to Jubilee so the ducks are starting to line up. Just a matter of time

Looking forward to hearing the tender is out for starting the open pit

The time lines certainly work, JLP come online end of Q1 at the tailings dumps by Mufulira where luansobe is. They will be wanting our ore to mix with the tailings

Ill take that too HD!

I think we've had a 2 good Januarys up until now, lets hope for a 3rd. the remaining 13 Assays back to Addison Mining from Luansobe drilling and Tender out for 3rd party mining contractor would go down very nice.....realistic also considering we managed 3500m of drilling and 15 of 28 assays from Aug 4th to 23rd Nov