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anyone seen the google maps over ka****u?

looks like activity starting, area cleared and a truck taking rock away. looks like overburden being cleared

excuse the lack of capitals. they never pulled through

*waste**** (black mountain)

i'm with you hd, however of i had it my way, i would prefer the company to use ka****u and zinc open pit to secure our finances for that. i think ka****u is closer to producing with the ore being only 3m deep and next to sable. a 3rd party would be easy to find. a nice wage from that would do us just fine in the short term.

hi fs, thankyou for your kind words and confidence, i believe in sharing info as we all collectively will have a better chance of beating the market where the odds are against us. as analytical says, i haven't seen a specific document, but i have been on a very clear email trail 2 months ago where cb states ndas are in place and he can't elaborate on details for luansobe. however re iterates discussions topics include, direct sale of the asset partial or full, or revenue sharing, whether it be at the start of the process and selling ore or at the end and sharing revenue from copper sales. i trust the email and i'm using it as evidence towards my investments. hope that helps.

also, a while ago i shared that at 1 of the agms we turned down jlp when they offered us $9 ton rock. from memory this was last year. simple maths for small pit would then be $9 x 6m tons = $54m over the mine life (for that type of arrangement/deal)

fast forward to current day, the chinese are buying ore from the black mountain at 10-$15 ton (see below fb link) (read comments)

https://www.facebook.com/share/1hbagqyt3f/

so i would expect top end of that for our ore from the ground and not waste ****. $15 ton rock is very exciting for the small pit. it would be easy to assume the chinese would pay us the same minimum. we now have competition between jlp and the chinese at least :-).

that makes for some very lucrative deals heading our way, just by understanding what is already happening

The Roast interview with Leon C is interesting. He talks about the business climate and companies preferring to own their resources rather than processing other companies ore. I'd expect this is the same for most.

It could mean fresh offers for assets as a whole

5 years ago before Zambias minister of mines was elected and corruption was high, the government denied Gallileo a mining license unless it would use local employee channels. Proximity to housing threatened us with fines and no blastingrules, so as an attempt to salvage something from the asset it was sold with a retainer on earning a wage from any of the buyers profit. Several successful trades occurred earning us £350k until covid struck and had untold affects in Zambia. Iockdown rules were ignored and illegal mining continued, selling the the zinc to a Chinese buyer. Official routes Galileo set in place to govern the share of the profits were affected by covid, and so the asset slipped away operating sometimes illegally. Galileo cut ties due to the difficult and messy nature. A 4 year life mine operated for a couple of years cannot have its ore recovered and how can you recover costs really from local artisans.

Fast forward to a new president, a new minister of mines, a new regime after an 18 month ministry shut down and overhaul to remove corruption and implement new processes for local/zambian benefit, we are sitting well with our local representatives Coopermelon and our relationship with JLP still very much as strong as it was. We have it all to play for.

Or you could keep dwelling on the past. Perhaps Concordia 8 years ago is still somehow us today?

The RNS reads like the $90m sale needs to run at pace. I doubt it will be long until we get another

What would be fantastic is if we get another offtake agreement like we did with Starzinc

https://www.lse.co.uk/rns/GLR/update-on-offtake-agreement-for-star-zinc-ore-z16i5ycmx21bhv6.html

Then see our SP rocket

Great work HD. Keep chipping away is my motto

We have the assets, we have a board of directors that have fostered success before several times, they have the contact's. With abit of luck and the right market reaction we could jump to $20m mcap hold for a short while, then $40m mcap as standard. From there assets linked to majors will carry us forward until eventual sale.

Kavango

Prospect Resources

XTR (a few years back)

The above have multi bagged on assets similar if not of less potential than ours

Great find HD! There's something in this. Whether it be Project G or the other collaborations mentioned and that Colin is being paid for .......something. there's a high chance its us. The RNS at JLP os certainly worth a read.

200k payment to CB n shares locked in for 12 months. CB must see potential in JLP to increase SP by then otherwise I doubt he would agree to it. Not to be derogatory to the man, but he's 80. 12 months os a long time unless a reward at the end of it is worth waiting for. Helped out by Luansobe no doubt.

Take your positions and watch this space :-)

Thanks again guys :-)

Thankyou guys!! I really appreciate the kind words and support and sharing of your own experiences. She's here now :-). I'll be doing a podcast on the Sunday Roast later ;-)

Sat here holding my Wife's hand while in labour and checking the share price.....hopefully a good day today on all fronts haha

Small spread, MMs letting it go :-). Being back above 1p a standard will be nice, although this smells of news on its way

hi gixxer

xtract license 29123 on the below link appeares to have joined with galileo license 28001 (which is up for renewal)

https://xtractresources.com/projects-operations/western-foreland-copper-project/

i wouldn't worry if you are an investor of xtr. the cadastre can be erratic in times if update. my guess is that the license was originally 1 license and was split into 2 which often happens when the license runs out with no progress on it. they were then bought by xtr and glr. now they are up for renewal again, the cadastre is reporting them as 1 license. i could be wrong of course. but that is my gut feel.

i have seen something similar with ka****u a while ago

Have a great day HD

Thanks Iky

hi fs

the north western foreland has been submit for renewal (ahead of time) and it appears on the cadastre as double the size. it incorporates a section that used to be xtrs. there's no reason to cause alarm on this as the cadastre is often un-reliable until the last minute.

shinganda is still up for amendment to reflect our majority share.

kamativi - has been going through the renewal process, but you cant see the license status like you can in zambia. i was going to look at the latest presentation shown a while ago to see if it says on there the license has been renewed. i suspect it has given the push with the presentation and the rumours from iky. i asked about kamativi at the agm last year and the license was being renewed then. over 6 months later it must be close now

ka****u has deferred artisanal mining license on it. i believe this will stay as is as it has been superseded by the small scale mining license

Have some comments been deleted today?

This agreement is great for us EMX has a market cap of $312m. a good and likely scenario for us, is that we explore Ferber to Feasibility stage and beyond for an eventual sale.

Anyone else google "how fast is a snail in Mph?" Thry can certainly get in and out of my kitchen in 1 night.

On a serious not, I have also seen an email in the last 2 months with NDA on it with regards to Luansobe. Also, last time I was able to contact Martyn Churchouse in December last year he said "alot of work and negotiation being done in the background"

Iv been buying on the way down to 0.8p the last frw months. We know this can move up to 1.3 on nothing but strong rumours. Our current position is that 3 of our assets are in the meeting rooms currently and rumours and good news are on lockdown, even info from the directors. Uncomfortable place, but when we pop out of it, we really will pop.

Imo it would still be good to encourage each other to share all we know. individuals can take it of leave it. any snippets, rumours, whispers from Analytical, Iky or anyone else. Id like to hear it. you never know, if we all add our little pieces up, we might stand a chance at beating the odds

MMs taking the brakes off then maybe HD. cant sell, but you can buy at a low spread

First time we have seen a spread less than 12.5% for a good few weeks. MMs encouraging movement.