Member Info for DRB83

Pi, is it both our LFT s that are delayed?

Certainly not short term Craigy. We just need something to refocus the chat on this BB. Maybe sales update with news of TFN launch and a big order. That would be nice.

My personal preference is we save the JV's for the silver. The iron is too easy to get to to give it away. We'd kick ourselves if we give any of it away. I'll leave it in Bill's trusty hands.

Unfortunately, Fred doesn't realise it but his actions are part of the problem. Get rid of the fire and the pokers and then we can get back to Chill. What would help is a bit of news from the bod to give us something new to talk about.

Once DA gets settled, I expect any directors and senior management that arn't up to scratch to be swiftly hushered out of the building. Could be interesting.

£1-1.50 for several years. Jeez ncyt. Please release an RNS, just so we can talk about something sensible. The radio silence is turning people stir crazy. Even the docs losing it.

What is was 12 months only supports the case of how under priced UFO is today.

It seems like some won't see the potential here until the first truck load is at the docks. By then you'll be paying 10, 20, or even 30x what is today. But that's not my problem.

Can anyone shed any light on this for me please.

Based on $100/t
Operations costs at $60
DCF at $60

My maths isn't working. I guess it depends on what assumptions they've made.

For those of you like me that were wondering what stripping ratios were, take a read.

https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/strip-ratio-western-copper-gold-nemaska-lithium/

Sounds like we have the best of all worlds here:

Low stripping ratio
High grade ore
Dirt and sand to sift through instead of rock.

All means more profits. Lavly jably

Ahh the heavily anticipated response from Chris fails to deliver any substance yet again. Thought you may have been able pull out some specifics and numbers but I guess 'nit much there' will have to do. Oh well. Little disappointed Chris, not going to lie.

Let's not forget, this is done on $100/t. Likely to be higher than that once 22/23 gets here which will all go to the bottom line. It's sounding more and more like a significant cash cow for us.

Picked up on the fact that we're planning to subcontract 90% of the work out which I believe indicated Bill is planning on going this alone (no JV). That's great because at surface DSO must be the easiest ore to mine so why give any of our profits away.

Let's also not forget that this is likely to double in size and the capex (new road) costs have already been accounted for so even a bigger bottom line.

Subcontracting also means we can use the cash flow from Han**** to rinse repeat and focus on Brockman. There will be some synergies between the 2 that we can utilise also.

It's all looking very positive. Wish Bill would commit to a timeline for the first truck load but I understand why he is not. He sounds confident it can be speedy though.

Awesome.

Chris2, given you tend to see things from the opposite end of the spectrum to mist if us here, I would be keen to hear your thoughts on this.

Vas, they could be forecasting a snow ball effect as a result of the recent Viridian and Rhino partnerships. Could be smashing through 2000 per month come February. I wonder how they have factored in the covid effect over winter. It will be interesting to see how this unfolds.

That's actually reassuring news, thanks for posting Chris. Even the bears have iron ore at a minimum of around $115 into 2022. It's the 2023 price that is more important and by then I would expect iron ore to be a bull market. Even with a cost of production of $95 that's $20m op profit per annum. Great. Thanks for sharing Chris.

That's interesting Hopeful that you don't want to hear about any of our competition. Not sure it's wise though.

Ignite, launched 3 years ago in the US and 2 years ago in UK. In August they reported $12m revenue for Q3 so average of $4m per month. 33% op margin so $4m with a EBITDA of $0.4m suggesting S&D and admin costs of $3.6m or 30%.

Well, considering they've been building for 3 years and still not quite reaking even I would not be too pleased with that. It helps put some perspective to what Chill have achieved in such a short space of time.

You may not want to hear about our competition but others may and I certainly do.

That's ok Owen. We all have our own opinions. Let's see what the next lot of results look like. It would be good to start getting a split by geography and product group. As the numbers get bigger the more likely it is they will start splitting them out further.

Owen, your comparison is a little apples and oranges. Chanel have built their brand and customer base so of course I don't mind paying a little more for quality and brand but if I bought my Mrs Zoetic she would be like "oh nice who are they" if I bought her Ignite she would be like "oh nice who are they". The CBD market is in its infancy and now is the time to be swallowing up market share. We don't have the brand or the customer base to be charging premiums in my opinion. We need to be competitive on price.

In terms of swinging from positive to negative, I am long on Chill but appreciate we are not the finished article by a long shot. I look for the downsides just as much as the upsides to enable me to evaluate my holding. I'm sure the bod do the same.

Digging deeper into Ignite:

Ignite CBD 3000mg tongue drops 30ml = £60
Zoetic CBD 3000mg tongue drops 30ml = £99

Why are we so expensive? I get you pay a premium for quality and brand but we're not there yet. Most people won't have heard of Zoetic or Ignite and will opt for price when making a decision. If they like it they'll stick with Ignite, if they don't they'll probably not even bother with Zoetic's equivalent, too expensive a risk. We need to review our prices imo. Rather have lower margins and higher volumes until we get our market share and brand out there.

Just as well that Chill is where the futures at.

The Chill brand might just end up being the best thing this company ever does. Chill - No limits.

Where will it stop. Thus company is selling CBD bath bombs if I read it right. Opportunities are endless I suppose.
https://uk.ignite.co/collections/

If that is the case Owen then it's not a great way to treat the investors that believed in you back in the 80p/90p days. All it's done is let the shorters buy back at a great profit and any new investors in at a great price. Whilst the loyal ones are left with the grey hair. Either way, you can't justify the silence in my book. Viridian need to improve this and watching one of their videos recently, improving Comms is one of their key skills so I'm looking forward to the future of Chill for sure.