Member Info for Datacheck

Going back to Cobra and it hitting visual copper at its Ngami asset on the KCB causing its SP to bag+

Here is 2 versions of the same map, one from Cobra one is our (the original Virgo version). It shows PL 253 partially in yellow as this is an area Virgo thought to have an anomaly and an area of high interest, the other yellow (not visual on this screen shot) was pl040 which we hit all the right rock lithogy.

You can see 253 boarders the Ngami asset (actually slots between Ngami and Kitlanya). So between Virgo thinking it's an area of interest and being proved right once with 040 and us being right next door crossing the same rock formations woth visible coper of Ngami, 253 should be very valuable indeed when we get the drill results back

https://twitter.com/Sharedata12/status/1419754560030187520?t=WlK48wQTomUC2wPzac3aag&s=19

Really impressed with that MM, thankyou

I reckon so Iky. Altho very reserved and assume alot, my calcs had Luansobe alone at £140m for the small pit. That's 14p ish.

Or you could look at it that we need 4 of our assets to each be worth £20-25m for the 10p goal. 10m mcap now, 5m from Glenover, flog a few more liscences on the KCB as well, so definitely within viable reaching distance.

100% Ragnor, the sp is a real gift below 1p l. I'm doing the same

Congratulations on the family Funky :-)

Bags galore Money either way....exciting times. The recent interview and RNS was really an eye opener. I knew we were onto something good with luansobe. However what I didn't realise was how close to Jorc the smaller pit aspect of it was with the historic Drill cores already in existence and exactly how much of a head start thats given us.

Very good points all, a few assumptions and give and takes in numbers but a great ball park to start. I've totally forgot how to do similar using PE ratio....if you don't use it you lose it ha

Just to re iterate, that SP movement to 2.68p was before a single grain of dirt was removed from SZ. All of it sentiment on what could be. The same should happen again with Luansobe

Anyone want to Hazard a guess at value of this

500k tons of rock a year, say at an average of 1% Cu. = 5000 tons of copper a year
Current copper price £7750/ton ish
= £38,750,000 max NPV per year (if I have terminology right)

Comparing to SZ where we were going to just sell the rock to JLP at Sable refinery (£10m a year for 6 years) we were destined for approx 50% of the (what I'm calling NPV per year). So using the same ratio

£17.5m a year revenue from the small open pit to us for 8 years

£140m total

A sniff of us getting that £10m a year shot us up to 2.68p so imagine what the SP will do on the journey up to £17.5m a year.......not to mention copper prices returning to £10k per ton hopefully

this is the sleepy summer CB said we'd have info wise.

taking a look at XTR and BZT they have been affected the same way. BZT worse by the looks of it. all 3 predominantly copper. some good info on the BZT board, they have been speaking to CB using a shareholder committee

GLR have a 51% majority stake when we spend £500K on the exploration. it wouldn't surprise me if we see the new exploration license under the GLR exploration name in the Zambian Mining Cadastre, just like Ka****u

The rules for re application means 50% of the license area is given up.......currently over 180sqKm.

The area withing the license we are exploring is 72sqkm (as per the last RNS) and looking at a strike 10km long, meaning the License Re app wont affect our plans

100% Analytical, the more desperate the situation gets the more greedy (in a good way for us" the majors will get securing potential projects. I bet sandfire could buy every minor on the KCB as it stands now simply just to secure it away from other companies. First quantum sitting well on Cash, has sites in Zambia and links to CB.

Hopefully that "greed" means minors have to prove the asset up less before they get snapped up by majors

Seems fairly standard to me. 2020 is the last time we gave the employees an incentive. Keeps us with our cash

May 2020 (1.3p and 1.8p) the last RNS I noticed about this topic. We went from 0.8p to 2.6p the following january. Not a single one of the options was chased by the members listed it looks like from recent summary. So looks good to me. A) as already been said decent uplift from here B) they've had their chance to make money and never took it, so 1.8p shouldn't be the ceiling this time either.

Not to mention the fact they do what they are supposed to do and retain SQEP resource and attention.

The market hasn't found it negative it seems

Great Post! The industry knows its coming. There will be a land grab coming shortly. Like monopoly, the majors will just buy everything. Some they will win on, some they will lose or not use immediately. More importantly the competition won't have it. That's very good for us with KCB and luansobe.

A simple google search of "green energy investment" brings the billions upon billions being spent by various countries. Energy need to be carried by copper. Complete no brainer on whats going to happen to the price of copper and other energy boom metals. Zinc, vanadium, lithium etc etc. Exciting times for us.

well said and completely agree

we can look forward to a continuous steady set of drill results on this. 3 more holes being drilled now

very high concentrates at just 50m deep for potential open pits. SZ is set to be just over 40m deep, should we choose we can use Siege to mine it for us, or sell on once proved up the size of the deposit.

fantastic results and with more Assays yet to come for Gold as well

I haven't had chance to read it all yet but what a set of results. Congratulations GLR BOD and well Held GLR share holders!!! 11% copper and 3 % gold is the but I keep reading haha....wow!!

The quicker that starts to impact the better for us (in the nicest possible way), turn this copper price back round

Let's hope so Coyote and a quick resolution for the macro too