Member Info for Dave85

Despite further delay being an obvious possibility my feeling was that some averaging up was justified (08/04/2021) making today a bit of a let down. Sp has shown weakness this morning so my silver lining is that I managed to increase to a nice round 4m shares for far let outlay than otherwise would most likely have been possible.

AIMO GLA

Just over 3.18m now with >3m isa'd.

Will see short term weakness as reason to add, more than happy for 'the' news to come now tho.

Av 1.66p, decision timing was dictated by isa allowance and company news, HAA webinars, together with what I hope to be the beginning of another leg up in gold price.

Have waited years but with less capital tied up. Medium to long term very confident of good return.

Further delay recognised as possibility and further funds awaiting.

AIMO ATB

Happy to see investing in potentially globally significant deposits again seems to be coming good for private investors - eventually.

Honestly didn't expect anything like this, was looking towards dx mainly, especially short term news wise (had PR's comments - 2nd link in the back of my mind recently tho).

If they achieve the below - future looks staggering for kp2.

"The MoU provides the Summit Consortium with a 9 month period to present a financing proposal to fully finance the construction of Kola via a combination of debt and royalty financing. This means that the Company would not be required to raise equity to fund the capital cost of construction as the equity portion will be covered by the royalty funding with the Company retaining its 90% interest in the project. The Company retains the right not to accept the finance proposal to be presented by Summit."

Co specifc
https://youtu.be/haQDXidmTa8

Macro
https://youtu.be/Ncgnk1vEbqo
From 35:09

AIMO ATB

Actually my post is not right, just realised, "20.4m cumulative thickness of mineralisation", so 'cumulative' changes things and feel much better about it now. Oops!

AIMO ATB

11/01/21 "A hole will be drilled as soon as a drill rig becomes available to confirm and extend at depth a drill intersection made in 1951 in a percussion drill hole of a 20.4m cumulative thickness of mineralisation which assayed 0.65% copper to the bottom of the hole at 77.7m depth. The hole ended in mineralisation."

26/03/21 " Two magnetic gossan zones intersected containing low-grade copper (+/-gold) mineralisation:
o 4.57m grading 0.12% copper and 0.12 g/t gold from 15.24m down hole.
o 3.05m grading 0.40% copper from 33.53m down hole.
Ø Highly anomalous copper (average 325ppm copper) over 24.38m from 83.82m to the base of hole."

1951 57.3m to 77.7m assayed 0.65% Cu now 'confirmation drilling' assayed nothing of note over the same depth interval (of note threshold doesn't appear very high).

Wonder how well (what confidence) the location of the 1951 hole was known and how close to it this new hole was drilled.

Copper mineralisation present within expected geology is a plus, honestly expected bit more tho early days is what I'm focused on, the fact the mcap is so low and the company has so much potential. Holding tight still, personally.

Without the pre existing 0.65% interval combined with the holes purpose being stated as confirmatory I would be very happy with the results. As is, I'm positive if slightly underwhelmed.

Bit of gold nice to see too.

AIMO ATB

More than doubled my holding this morning, losing confidence that sub 10p will be up for grabs any longer. If it does present itself - hopefully double again, <10m mcap - likely history soon.

AIMO ATB

Now fully derisked at multiples and some profit taken. Long term, and much more relaxed hold for me from now.

Market certainly liked the news.

Pounds seems very possible post bfs esp with continued V strength.

Ridiculous scale becoming known to more now, as well as increasing sentiment towards project reality.

AIMO ATB

Been holding very 'tight' to mine for near 5 months now, hopefully able to derisk before the end of the my 6th.

GLA

33:40 to 34:40 is the basis of my understanding re that aspect.

https://youtu.be/c8D_EEml02Y

ATB

Looks much more likely Baluasa (noticed they shortened the name) will actually happen - big deal, imo.

Could maybe have hoped for higher than 9p, but this is significant news and the milestones it should unlock, I expect to transform sentiment towards & awareness of the company.

I'm still focusing on the trajectories and todays news seems likely to shortly increase the gradient (speed) of the already broadly uptrending aspects I previously referred to.

Pilot plant did enough 'evidencing' (for FAR) as to their process including optimisation at the time.

No idea how market will take news but from my position (av not far from this raise) its an overall welcome development. Maybe I'll add some more if sub 9p happens.

AIMO ATB

Yeah, I decided to add, to just >5m av just <0.43p

Long term holder >4 years with a positive - short, medium and long term view.

Remaining patient

GLA

157 pages of yummy details on what zeb is - finally.

http://www.rns-pdf.londonstockexchange.com/rns/9390Q_1-2021-3-2.pdf

Also noticed

"ZEB's local partner in the Project is entitled to a gross 1.5% royalty on all revenue generated from the Project (the "Royalty"). URU currently has a right to acquire 1% of this Royalty for 2 Million USD within 24 months of a mining right being granted in respect of the Project. URU has agreed to cede, assign, transfer and make over to BRC at Completion this right." (((("URU will retain its 1.0 % royalty in respect of the Project")))).

&

In addition the Company is actively pursuing other exploration projects and its subsidiary has recently made an application to the Department of Mineral Resources of South Africa for mining prospecting rights on 247.28 hectares of various portions of land neighbouring the Zebediela Project.

&

"URU intends to retain ownership of the common shares of BRC for the foreseeable future and these shares will be subject to an escrow period under the rules of the TSXV. The Company will review strategic options for the block of shares held by the Company as the Project develops. This may include a sale of some or all of the shares by the Company, or a distribution of shares to Shareholders of the Company by dividend in specie or demerger."....
....Appears to have potential to be extremely beneficial for existing uru shareholders.

It is emerging - a change, ("This is partly due to the").

AIMO ATB

"Wait"

....Tricky one because the more bought now gives a 1 for 3 right to buy more 'very cheaply' (cf to lately). But great number of cheap shares being issued. But likely to sticky longish term holders (many insiders). Mixed bag. I've taken the veiw to hold and wait. Will take my full RI allowance tho. Who knows maybe even able to buy at roughly same price on market without having to have existing skin in the game or go thru any of the faff. Then again might not. Lind most likely cheap, quick seller I feel. Been some million/s rounded sells last few weeks mixed in.

The cheaper it gets pre 'the date' the tougher the call tho, obviously.

AIMO ATB

Dependant on degree of exploration maturity and assuming similar (enough) geological setting and controls - it has been a successful stratergy in the past.

Better to have found a single whopper in the same, and highly underexplored, 'setting' (why ive heard of this 'law') as the prospective land package over what is existing at Walker Lane. In the current market, however, and with the current mcap considering the size of some of existing deposit discoveries, I reckon a decent chance, worth a go anyway.

Just announcing the pyramid drill last time made me decent gains.

https://www.researchgate.net/publication/275620329_A_Time-Series_Audit_of_Zipf's_Law_as_a_Measure_of_Terrane_Endowment_and_Maturity_in_Mineral_Exploration

(greenstone is specific to this study not zipt's law)

Athabasca basin for high grade uranium is another decent example I'm personally banking on.

Luck has already treated me pretty well (on paper) on the nearology front - wsbn. Explosive spikes are much less troublesome if your holding before they happen.

General interest (and so I can find it easier)...

https://youtu.be/hf0ECFJlmZ4

Strong down day for my pf (10's of k) hope he's right.

Btw 40 bagger is ~200m mcap (obviously entirely news & macro dependant) but very possible within 1 or 2 years imo - why companies like this exist (now) - officially (or 'perhaps' naively) - the potential of discovery (I'd need ~10.8p or ~130m mcap (currently)).

Hoping to see Swedish mindset change when their burgeoning mineral wealth potential stares them ever more starkly in the face - three decisions im looking for (including tym's).

AIMO ATB

Just re read my post here re glenover (12/02/20) and spotted an issue with the example calc. All the other figures/sections of the post I think are correct but.....

"Eg. Calc

Stockpile 1 - 800kt at grade of 2.6% treo, of which 26.24% is NdPr (Nd  oxide - 20.98 + Pr oxide - 5.26 (table 17))

NdPr oxide grade (800,000 * 0.26)*0.0682 = 0.682%"

Should read....

"Eg. Calc

Stockpile 1 - 800kt at grade of 2.6% treo, of which 26.24% is NdPr (Nd  oxide - 20.98 + Pr oxide - 5.26 (table 17))

NdPr oxide grade 0.026 x 0.2624 = 0.682%

NdPr oxide tonnage 800,000 x 0.00682 = 5458t (exact answer affected by rounding)"

The section of the post was basically gibberish first time round - no wonder couldnt be followed, im glad the rest seemed right after another look over.

Had missed how soon glenover news could be - q1, seems very timely if so/soon after.

Half year report rns 29/01/21 "The final TSF design report was completed by Golder Associates (Pty) Ltd in November 2020 and has been submitted to the DWS for its RoD, with a decision expected during Q1 2021."

My understanding is a positive outcome on this would pave the way for the WUL and then trigger a mining right decision.

20/04/20 audited results "Glenover continued to identify potential investors in the Glenover project and initiated preliminary discussions, which are ongoing"

"One company in particular has shown interest in the overall Glenover Project, but requires comprehensive test work to decide which or any development plan it elects to progress. We continue to assist with test work and the provision of samples, large and small, where necessary. This test work is likely to continue for the remainder of this year and into early next year."

Previous post somewhat superseded now found....

https://www.google.com/amp/s/seekingalpha.com/amp/article/2996346-the-ree-basket-price-deception-and-the-clarity-of-opex

&...

https://www.google.com/url?sa=t&source=web&rct=j&url=https://galileoresources.com/wp-content/uploads/Glenover-Rare-Earth-Project-PEA-Executive-Summary.pdf&ved=2ahUKEwjZ1Y7VqfjuAhVIT8AKHZNbAFUQFjAAegQIARAC&usg=AOvVaw1cKogr87NqGb8wN826vAHG

Was mentioned on the website (glenover project section) but not linked (that I found) - really outdated, however was rns'd on 07/03/2013.

Happy to just wait on this one now

AIMO ATB

Personally think it has been nice to see tym back on some more radars and some volume to improve things.

I have a ball park range where I aim to take my stake out again and likely some repeated profit trimming, but we are along way from there.

I've found just holding tight and having a mcap in mind (so any share price target can be adapted accordingly along the way) reduces time consuming monitoring and over analysis of minutiae (obviously keeping up to speed is important but at these mcaps pretty insignificant). Also buying whilst quiet and lowly valued then releasing some at multiples allows (has for me at least) multiple free riding positions to develop with attached stress levels far lower than before said free ride is achieved.

Its timing the first significant sells that has proven for me (looking back over past decisions) to make a significant difference to the size of gains achieved later in the rises - size of free riding position.

Overall all I think most of these mining share rises are likely in their infancy and have a 18 to 24 months of gains at bare minimum (mass liquidity crisis excepting - 3 to 6 month interruption) before a large pull back which will likely preceed several further years of positivity - just my views tho.

First thing that jumped to my mind with the uranium and cu was Olympic dam (its an anomaly tho), but in reality quite frequently uranium presence can get in the way (in my experience anyway) have to wait and see on that one.

Lucky copper hole ended in mineralisation - always liked that bit.

Holding tight to mine for now.

AIMO ATB

Passed the 50 bagger point at the mo today (£2.05), first time ever for me, current thinking remains as - holding on for the hundred bagger I mentioned in my last post here 04/01/2021, or Q4 2021 (which ever comes first) before assessing possible/likely further selling.

The astonishing thing for me isn't the percentage gain but the speed - beyond even my most optimistic expectations.

Very glad (after reading some of the posts this weekend) I wrapped all the arb in isa on entry (as posted 16/07/2020 and further stressed in my 13/11/20 post). Cross referencing posts as it expediates/eases my desicion making/reasoning review (getting harder now with 600+ to look thru).

Many thanks to the regular, knowledgeable and generous posters here, Im learning lots - can't keep up reading all the BB tho, just dip in each day.

ATB GLA

Really like it when a company I already hold aquires exposure to something which reduces my impetus towards adding an entirely different entity to the pf that was previously on my radar for gaining said desired exposure.

For me - Bzt re:Metrock doing to keras what thr did to wuc (my post 01/06/2020) - reducing the number of companies I feel the 'need' to be exposed to/keep on top of. Reducing workload & increasing pf concentration, pleased with the news. Obviously significant differences in details within the relevant companies relative exposure level/quality etc, but I often start with a very broad brush.

Makes me want to add tbh....

AIMO ATB

2/2

Following info is; stockpile number, followed by company who assessed it, followed by tonnage, followed by treo grade (%), followed by contained treo tonnage (t), followed by NdPr grade (%) followed by contained NdPr tonnage (t).

1 / Snow / 800,000 / 2.6 / 20,800 / 0.682 / 5458

2 / GCI / 774,468 / 1.46 / 11,307 / 0.383 / 2967

3 / GCI / 260,984 / 1.65 / 4306 / 0.433 / 1130

4 / Snow / 460,000 / 1.98 / 9108 / 0.520 / 2390

5 / Snow / 390,000 / 1.51 / 5889 /  0.400 / 1545

Following info is; year of production / NdPr produced (t) / revenue in gbp (@65usd/kg assuming 1usd = 0.73gdp) / cumulative revenue in gbp by end of the year including previous years (if any)

Year 1 / 3664.24 / 173,868,451 / na

Year 2 / 2844.07 / 134,951,220 / 308,819,671

Year 3 / 2075.96 / 98,504,464 / 407,324,134

Year 4 / 2596.34 / 123,196,383 / 530,520,528

Year 5 / 2309.49 / 109,585,050 / 640,1065,578

For example year to consists of 262,909.6t of remaining stockpile 1 grade material (left unprocessed after completion of year 1 operations) followed by 274,180.8t of stockpile 2 grade material, making the total hypothesised annual throughput of 537090.4t between the two amounts.

Without knowing how much, if any, of the 640m pounds could be achieved profitably, the above is quite meaningless, but it has at least maintained my interest and I will likely at some point look a bit more and try to see if the ball park profitability guestimate can be found. Todays 0.5% grade news at Phalaborwa strengthened my interest further, hence the post.

Interview well worth a watch, imo, disc - I hold GLR and hold MKA but not RBW.

WUL granting eagerly awaited.

Corrections very welcome (did double check the orders of magnitude as figures seemed high but could still easily be mistakes).

AIMO ATB

1/2

On 17/06/19 I posted some info comparing the Nd/Pr content of MKA’s Songwe vs that Glenover mentioning that I hadn’t looked at RBW. The RBW rns today caught my eye this morning (0.5% treo grade) and did some quick comparison with glenover recently after watching the lse vid. Rainbow Rare Earths' CEO presenting at London South East's Natural Resources evening | London South East (lse.co.uk)

From the GCI study on the GLR website, only considering the Nd/Pr oxide content of the 5 evaluated stockpiles (ignoring any (potentially very significant) value of all other REE, phosphate (it was/is a phosphate project?), Niobium or Scandium, never mind insitu material).

The tonnage and grade of the stockpiles can be calculated from published data as…

Stockpile 1 800,000t @ 0.682% ndpr oxide

Stockpile 2 774.468t @ 0.383% ndpr oxide

Stockpile 3 260.984t @ 0.433% ndpr oxide

Stockpile 4 460,000t @ 0.520% ndpr oxide

Stockpile 5 390,000t @ 0.400% ndpr oxide

Eg. Calc

Stockpile 1 - 800kt at grade of 2.6% treo, of which 26.24% is NdPr (Nd  oxide - 20.98 + Pr oxide - 5.26 (table 17))

NdPr oxide grade (800,000 * 0.26)*0.0682 = 0.682%

This (0.682%) is higher (by 13.7%) than the Treo (total rare earth oxide) grade at RBW’s highly regarded Phalaborwa project which has far more material (gypsum surface stockpiles/dumps with 17 yr LOM @ 2mt/a throughput) but at a Treo grade of 0.6% (from/based on the recent LSE interview but today rns’d as 0.5% therefore increasing this 13.7% figure).

Stockpile 1 is the largest and the highest grade but the others still contain very significant tonnages of NdPr oxide.

Considering an operation solely focused on processing of the surface stockpiles (no mining risk) over  a 5 year time frame beginning with processing of stockpile 1 and sequentially moving through 2, 3, 4 and finally five at a constant throughput of 537,090t/a. I calculated the quantities of NdPr produced each year and their market value (@ 65usd/kg). This is obviously highly simplified & has wild assumptions (stockpile homogeneity, NdPr price stability, 100% spot sale price achievement, no commissioning delays or run up period to full throughput, no down days, and includes no account for less than 100% recovery, among others) but is only intended to give me some level of appreciation towards the potential revenue (not necessarily profit) possible.

AIMO