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Definitely Oiltap 3-5m tons. Iv been keeping an eye on GGP and they are using a similar technique with their Havairion. Setting off production in part of the asset, that will fund further exploration on the est of the asset plus more for share holders. So we are using an industry recognised technique. Great stuff by CB

Just throwing numbers around Billy. Holes in it obviously. For 20p the Mcap of our company would need to be slightly over $200m.

SZ had 400k tons of rock minimum and 72000 tons of contained zinc. To give a little insight. At the time Zinc was worth $2400 per ton. So total value for 100% extraction would be $172m. Losses in the process would likely see less than that by the time it was turned into copper. There's a way to calculate Net Present Value, but this is high level so won't bother. So just say in the ground we had $150m, the rock we sold would get us $60m leaving $90m to JLP......over 5 years.

To hit 20p, and again these are just numbers being thrown around we would need to find in the region of 140000k tons of contained zinc. 2 times what we had originally planned at star zinc and taking into account the price of zinc today at $3600 ton.

Wild speculation I must say with assumptions. But if Ka****u is 5 times bigger than SZ, but we only need to find twice the amount of zinc for huge rewards if we hire a 3rd party to mine the rock then just shows the huge potential

Just listened to the pod cast again and picked up on we are now drilling in Ka****u. CB makes reference to heavy rain and from previous interviews he told us about the added difficulties with wet ground and having to pump out the water. So bonus for us, drills are turning on kash also

Good question really. Back when we were going to pay a 3rd part to mine SZ for us and sell the rock to JLP we were expecting $60m over 5 years. Zinc price 2/3rds of today. So scaled up to today $90m over 5 years. We sold on and now expect a royalty for $22m over 2-3 yrs.

Ka****u CB says is 5 times the size of SZ and again we are aiming to pay a 3rd party to mine for us and then we sell the rock. Assuming same profit margins then $450m. If we go down a sale and SZ route and sell and get a royalty $100m

Obviously the above is wildly speculating, and going from ratios and comparisons. But since we are just pie in the sky looking at possibilities that's one way to look at it. €450m could mean 40p, $100m could mean 9p sps respectively. Thats just Ka****u

My thoughts too Oiltap

* high level comparison puts us at least on par with Luansobe

Apologies, you're right Ella. The detail of the deal is 750kt = $80m per liscence Contained copper

High level comparison outs us on part st least.

Looking more low level as Oiltap says, if we take to JORC we could hope for more....possibly closer to the surface higher grades etc etc fingers crossed for us :-)

At 200k tons of contained copper each liscence is valued at $80m from sandfire.

Luansobe from current data could be around 500k tons. Different countries of course, but an indication of value never the less

Selfishly picastor hopefully being in Africa and the mining industry, will work in our favour given the unfortunate goings on elsewhere and the affects on the world markets. Maybe even money being pulled out of volatile markets and into ones such as ours

JLP also have a link into Mopani, further potential customer for us. JLP last year got into bed with Cereus a minor who owns copper tailings dumps in Cyprus, also BZT with Cereus (both the above related to CB.....JLP at the time). The above just shows CBs contacts and the willingness of JLP to tie in with minors in the copper game

My thoughts to CHRISP, CB will be wanting catalysts for sp improvement. We may never mine these while CB is at the helm, but the exploration and JORC should reflect back on our Mcap as it did at XTR.

For comparison it took us a little over 18 months to bring starzinc to JORC. Granted its smaller buy not forgetting its the journey that also counts, and corrected managed and communicated with PR should be valuable to us and CB retirement fund. This should make an exciting year

I agree. This weekend is the deadline to decide if we are going ahead with Luansobe. The market jumped us 20% at just a sniff of it in the previous RNS, so final confirmation next week could see a repeat if interested

Maybe that's why the person is piling that extra 40 shares on today :-)

Even though the SP has slipped in the last 12 months, our coffers have been filling to the brim. Our projects have developed, we now have future income secured, strong chance of $4m more (Afrimat advertising for jobs, they wouldn't do that of they weren't taking on Glenover).

So our credentials have got better, our money situation has got better, we have got rid of the drag of non core assets. But sp is down 50% (the reason i have been buying all the way down and increaed my holding 40% particulairly in Q4 last year and Q1 this year)........this says to me that a re rate is in order and the markets perception of us needs re calibrating to help that along.

Cash
$1.5m cash from sandfire for KCB
$341k warrants
$750k sale or SZ
$118k royalty from SZ (400k to come very shortly)
$2.4m Glenover sale
Total: approx $5.5m

Shares
$3m in sandfire shares

Iv just kept everything in dollars, some of the RNSs quote £'s.....over half our Mcap in cash and shares!!!

More than enough cash to race our projects on without even taking into account our future monthly royalty of what should eventually be over $800k a month

Thanks Ella, iv tried to do peer comparisons to gain an idea of timescales, but reading RNSs alone doesn't really paint the picture and there are so many variables that change. Type of rock, country, company managing the job on their own or in a JV etc etc it's hard to gain some real insight for time scales.

Hi Ella, I think iv noticed your name in other similar companies KAV for example. What's their durations like on drilling and receiving assays back.

We have assays owed pl 366 (sandfire owned)
Last RNS stated drilling ongoing with multiple drill machines on 039 and 253

Last tom3 we waited 6 months for 5000m

It's been a little iver 3 months since the last RNS. I'm thinking this time we don't have to arrange drill rigs etc, we already have them so can shave some off the original duration. Just wondered in comparison if you knew

Maybe Iky. Fingers crossed its not that.

Positives are, we have employed someone who is now located in the KCB, that should he for good reason. I.e manage the drill rigs and results etc

Also recently at African Pioneer another one of CBs companies, he sold several more KCB PLs to sandfire and they increased their share holding to 15% in a similar deal arrangement to ours. Altho that was AFP, Colin would have used those negotiations/meetings to chair all of his companies PLs from every company he runs.

Also he chose to not take his 1.5% bonus for selling Glenover for $7m and opted for a remuneration package through GLR current process......which will be allocation of shares. So he could have had $100k in his pocket but decided not to. Which means he knows the SP must be on the move at some point

Just my thought process

100% WhoWrotethis! Very positive on all fronts. A good interview I thought and well rounded update.

I think you could be right Castiron, that was a purposeful skip of pur own PLs. Oiltap brought up a good piece of research the other day and shown that we have recruited someone who has moved to Maun, a stones throw away from PL040 and 039, so they aren't dead in the water. CB being quiet on our own PLs must mean something going down on a separate update. I was waiting for the first half of the interview for them to mention KCB. Good things ahead I feel.

You've just brought something to my attention Whowrotethis.

At the beginning of the interview, CB says the sale of Starzinc, but what he actually means is Glenover. €2m up front ahead of time to a total of $7m. SZ total value to us should be treble that in monthly royalty payments, starting now

Good work HD, the potential of Luansobe really is huge. With the sale of Glenover and now our monthly income we really can press forward with our projects and the 3 we are backing as priorities at the moment (Lu, kash, KCB) could be huge. Really looking forward to seeing these further explored

Thanks Ella! I'm the same as you Oiltap. Been checking several times a day for weeks and the day I don't, it changes :-)

I might stop checking the Starzinc one now ha

Either way I'll take it. Excellent news for us. Further exploration can now procede under our control

https://twitter.com/Sharedata12/status/1492959896597409794?t=wkqKyYJvl3heclh2cKWS4Q&s=19

The red circle on the attached shows previous hand dug pits, wach 6 feet deep looking for zinc containing willemited. The other pic speaks for itself for historical drilling. Exciting times for Kash