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100% HD!

I never thought of the Limpopo Castiron, very good shout.

Percy, no problem. I think there's an uncomfortable feeling at the moment partially due to that SZ has stalled us (as you say) and imo the sp incentive was around the performance of that asset, as apposed to the real jewel in the crown we have on the KCB. Plus the KCB is actually alot harder (imo) to find info than Zambia. We had a good set up with SZ as we had research sources that allowed us to almost see ahead of the RNS the progress of the liscences (even tho something came left field to us) and the JORC to estimate the value of the asset. Now with the KCB we don't really have that, we just have to sit and wait which is abit of a culture change especially with questionable accuracy of the RNS's from the past casting doubt on future updates........however when we get that news stream coming in then confidence will grow again.

Personally I'm taking a more laid back approach, I'm not about to sell up and I want to stay invested as I believe the "battery boom" the world is at the start of will make copper, zinc, nickel and rare earths incredibly valuable and we have 3 out of the 4. So I will wait and let things take their course and actually like i have this week accumulate more. I see a really interesting Q2 coming up but realistically I can't see myself selling anything for about 2 years with what I think GLR has ahead of it ......in which time I'm hoping to not have a choice in the matter as SF will be wanting to buy my shares :-)

Have a look at my post history for calcs Percy. The 30k was a red herring posted on here. Over 100k min 300k max a month. Our couple of $million will do us just fine un till we get the money from our catalyst

Well said HD. Starzinc was always supposed to be the catalyst for further projects and it still is. We have some prime realestate on the KCB and a better chance than any for striking Goldopper.

our SZ deal was a blow and not handled the best, but moving on we have a bright future on the KCB and progress should stary coming quick this year, so onwards and upwards

I think that's a great piece of insight for us. SF revealing their plan to expand in the KCB which surely means good things for us with our relationship and arrangement we have with them

I think thats a great update with regard to us. Sandfire showing their plan to expand futher on the KCB and who better to do it with than us, given the relationship we already have.

as you say HD, they are rich in cash also, so certainly have the resources to carry out that plan.

I wouldn't get too caught up in just searching for the word Dome in RNS's and statements and translating that into only where it says a PL has a Dome is where we have a high chance of finding copper.....there are other clearer statements. See below from half year report.

 "Galileo undertook a heliborne-EM geophysical surveying over several licences in its highly prospective Kalahari Copper Belt Project, specifically PL250/2018, PL251/2018, PL39/2018 and PL40/2018. Preliminary overview of the results is considered very promising, with the EM data interpreted to show several highly prospective geological settings for copper-silver mineralisation."

Our PL040 that we retained is by CCC zone 5.......which has 100mt of rock at 2% copper and 12.8g/t silver.

20 times the size of the A4 dome and we are next door

Hi Ella

"Royalties payable under the Agreement are dependent upon the zinc concentrate in ore sold"

From the RNS the price is for the value of the rock sold (dependant on its concentration....the more concentrated the more valuable)

So 6000 tons of rock per month(average 15% concentration of zinc) sold by siege at e.g $20 Ton (the reason it is $20 a ton is because it is assumed the 15% concentration at current zinc price of £2700 makes it so worth €20 ton)

So simply 6000 x $20 = $120,000 per month

Exact values may differ, my above is just an example for calcs, typing by phone and hard to look back at real figures

At these levels I'd say strong buy

Or.....as iv just noticed in Westlads post quoting the RNS....."within the month" :-)

Either way, not far off

I posted this a while back, I'm sure there's enty of holes in the logic and unknown variables, but I'm using this time scale as a rule of thumb for EM data

"Using Kavango as a peer comparison it did its phase 2 EM survey of its tenures on KSZ, scanning linear 2000km by helicopter

Commenced: 20th Jan 19

8 weeks

Complete: 18th March 19

11 weeks

3d imaging data processed by Skytem: 5th June 19

GLR
Over 3200 linear km
Commenced:17 Sept 20

6.5/9 weeks

Complete: 31st October with preliminary results 23rd Nov

3d imaging by Spectral Geophysics: TBC
11 weeks data processing = 8th Feb
11 weeks+50% = 15th march

(+50% as our linear survey is longer (3200km vs 2000 kav) so 50% more data)

So assuming Spectral are performing the same analysis that Skytem did for kavango I'm hoping to see results from the KCB survey in the next 3-4 weeks"

Now a week or 2

Excellent C7, thanks for the insight

ill of course share once iv got the comparrison in place

Thanks both, any input im sure would be greatly appreciated by most :-)

our Africibum PL's were part drilled......looking at Kavango there is several stages of drilling, EM survey and soil samples, so im wanting to compare those to where we are now. knowing that Kavango doubled in SP by doing early stage drilling on the KSV last year. it would be then good to peice together the story of getting up to the stage of deep drilling where XTR are now. Assuming we are going to go through the same process and hoping it has the same affect on our Mcap. Kavango are good at stating how much it costs them (i.e they intended to spend 75K on each of their PLS in KCB at early stages) and a recent funds raise of $5m from Xtr gives us an idea of total costs (paraphrasing here). both of which are within the values we will be recieveing from SZ once its up and running. Akthough and disspointingly not giving us our multi bag now, it is still able to do its job as catalyst for KCB (and possibly others) for which is the real money

what im suggesting is the for the people who "think" anything, to use those thoughts constructively rather than moaning about it
Then for those who dont want to do that, why are they still here?

I have to admit, i do wonder why some people posting here are still invested in GLR. Alot of research is being done, but there are a few who just arent happy with the research outcome or feel it isnt useful for future planning of their possible investements, meaning the BB has just become a moaning centre........a far cry from what it was. If you dont trust CB, you dont think the revenue is enough, you dont like the current assets or possible future they may have, then why still be here?

If you do still beleive there is value to be had, then suck it up, stop argueing over who said what, pull you adult pants on and look how you can safegaurd your investement as we move into drilling the KCB. My theory is we are moving for an all out takeover by Sandfire in the future, like MOD resources.

I get people are dissapointed we didnt get our $60m, we all are.

Exactly that Sumo!

dont let dissapointment cloud judgement on the facts that remain

I didnt say neartime 3CB, I was decifering the value of the RNS once processes are up and running.
near time is as stated........... the price of the sale of the project