the company holds unfettered rights to 56.4 million tonnes of magnetite ore, which the JORC compliant mineral resources demonstrates hold 1.4 billion pounds of Vanadium (the equivalent to four times annual global demand), 27 million tons of high purity iron in situ and 8,3 million tonnes of titanium. The project ore body is near surface, enabling simple, open cast mining. The current resource does not include mineralisation on the Luge Farm prospecting right which is near to the current JORC resource and which is yet to be defined but is believed to have the same geology. The company believes that given the potential size of the resources that a sale of the company's mining rights may be in the best interest in the development of the project and the highest value to shareholders. it's going to be big, and with a mkcap of only 4.5,m, News here will see this multibag in a flash.
looking very good here as Giles Clarke states The magnitude of the vanadium and titanium bearing magntites within our ore body woud support the construction of a vanadium mine and processing plant for an end-product that is in ever increasing demand. We are confident that on this basis the project will be of keen interest to a number of potential and parties. Well that indicates there are many who are willing to pay big and so im in at this really low sp. looks like we could find out very shortly.
We have done are research, and the fact is that if Oyster oil and gas was worthless why the Bod's increase there stake in it from 22.5 percent to 30 percent, or continue to it more shares!. They know the assets better than you or me and this is a very good indication that it's worth investing in. The update soon with a farm-out partner will soon show it's value. They may increase there holding beforehand though. Just have to be patient.
Could be that Gun are in discussions with a potential far-out partner with Oyster oil and gas. With the amount of work that's already completed, I would of thought they will be queuing up to be involved in Oyster. Soon as this news comes it will surge the sp North. Excellent buying price and I'm fully invested. Gla.
We could have a multi multibager here on the slightest bit of positive news. Looks like the sp is correcting itself. This rose above 0.08 a few weeks ago. So still a long way to go. Moving up on every buy so overhang share's are obviously all taken.
I would think that it wouldn't take long to get a farmout partner here. I expect there in talks already and close to an agreement. News will come first from Northbay capital and Subco. This sp is rediculasly low, and I expect a massive correction very shortly.
RE: "As honest as the day is long"27 Jun 2019 11:00
Errr can't help it if some pi's get inpatient. That doesn't change what the outcome will be. I've avaged down so I've been buying there sold share's. It's only a matter of time before this jumps up again.
RE: "As honest as the day is long"27 Jun 2019 10:11
Well with the institutional and private investors acquiring the placing share's at 0.037 and the director deal just after at the same price, it's going to go up. We're now fully funded for an acquisition and for Oyster.
There very much in there right to do what they've done and at a much higher price. There very much in there right. Well they couldn't buy at today's price and they want in fast. Watch this jump in value in the coming weeks. Be patient.
There will be more buys from them I'm sure. How can you do a placing and then the Bod's buy at 0.025. There confident in what they know that they will get many times there investment. And so shall we. Have a good w/end all.
They couldn't wait to buy in and at 0.037. They know not that there letting on. Are they already in discussions with a farmout partner for Oyster oil and gas! It's going to get busier in here very shortly.