Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In the telegram group, one of the members has done an initial estimate summary below:
“ Given the 560 holes reported today, against the 1634 holes in the JORC resource estimate, and the extra THM percentage, and assuming all other variables remain the same, I calculate this will be 6.5MT of extra resource, a 38% increase.
This of course is only in the top 1.5 - 3 metres down to ground water level (sea level really), and sonic results show higher THM percentages at depths down to 14 metres, so one could legitimately infer a resource at least 5 times greater just on the coastal strip, without looking further inland, or out to sea, both of those areas are within the current ELs. At 1.65MT pa excavation rate, that would give a minimum life of mine of 68 years! I suspect that if these resources get proven the excavation rate will have to be increased......“
I thought I would share with anyone not in the group. This is only a matter of time for me. Get this IML in the bag…
We need the update on the 18,000 production. Surely it’s close and decent updates with pictures of production would be nice. It’s just disappointing when they go all out promotion and great engagement then nothing.
I do appreciate they are running a business though and although important they need to focus on the production.
Let’s hope for new rich period…it’s looked away for me away until 2026 but wouldn’t mind bit of a boast to share price.
Finally Paul...
Yes i agree DFS just shows what a cash cow this project can be for the business and Sri Lanka. A company that needs significant investment. Looking forward to next few months could be a real exciting period. Expecting offtake and mining licence to follow
I’ve been LTH here therefore I am hurting but I looked at why I investored here:
- Good story- yes
- Good economics- yes
- country needs investment- yes
- material in demand- yes (and some)
- EIA approved- yes
But most importantly I invested here because Micheal frayne has done this before taking a company through ipo listing, then through EIA to production. Increasing mcap from 28m to 220m.
https://m.bdnews24.com/amp/en/detail/bangladesh/91271
I am as critical as anyone but maybe just maybe he knows what he is doing… given most of us are down and nobody is expecting anything. What a time to invest or double down. I’m tempted on Monday.
I’ve had several replies Paul, even offered to meet me in London via his team before he went to Sri Lanka. Due to work commitments I couldn’t, but that give me a lot of confidence. I have though issues several emails which get no reply.
I do honestly believe he’s lining this up in the background but he needs to communicate on key issues and progress.
I hope so Paul, I’m holding 600,000 shares. I’m in for the long game though 2-3 years (target is 8 x increase from here)
Certainly does Paul.
The highest grade mineral sands project in the world.
Looking forward to DFS…
The drill results was one of my concerns!!! With the results released today we are in a different world to the competition with THM grade. Nobody is even close to us…
I have no doubt this will be an absolute cash cow.. sure the big competitors are looking at us now. Great update
I just said the same Paul in telegram group. Over talks.
Frayne got me excited when he said the DFS is due very very soon. ( this week)….??
Frayne on Sunday roast again.
https://audioboom.com/posts/8068192-midweek-takeaway-bank-holiday-monday-rutile-mineral-sands-and-graphite-special-aim-cmet-lse
Thoughts
Some of us have been here for a while. The news flow is building with:
- DFS
- IML
- DRILL RESULTS
- Offtake
- Pre construction commencing.
My predictions are DFS this week…. IML, Drill results and offtake to follow almost immediately….
I agree it’s a no brainier but we desperately need this DFS and ML. It will attract new buyers to CMET given it will be a cash cow.
For us in it at this price should reap the rewards, but we do need frayne to start delivering. He’s done it before taking a company through EIS to production increasing MCAP from 10m to 250m plus so he’s got the pedigree…..
Need news…
Stockwell/Frayne must be still in Sri Lanka as they only went over few days ago and indicate of meeting with government officials as outlined in RNS . I am expecting more news flow in next week on further outcome of meetings.I think the EPL was already in hand and more significant news due. All guess work but not sure this is the end of it
Hi Daltp,
What is your purpose? If your not invested or interested why get involved. Looking at all your posts you just bash shares. CMET and others.
Iknow you have blocked me on Twitter as I called you out for it, but why not have decent debate instead of getting involved.
I’m bullish here, as stated above as CEO you make your money from attending these meeting.
Frayne is in Sri Lanka for one reason for mining lisence, offtake discussions/finalisation/ I suspect to present the feasibility study in draft/ share initial draft results of results.
There is no reason why he needs to release this to the market till all finalised as he will want step into construction to be minimal..
Long story Paul, send me your email and will give you a download. I put it in the telegram group.
You noticed the new website for damsila exports https://www.damsilaexports.com/index.html first time I have noticed it.
https://twitter.com/Railwayinvestor/status/1506241467404148738?s=20&t=HA4EaanBSENTDcdBEciTrw
Sand mining conference today to re-start sand mining in Sri Lanka. With capital metals official being over in Sri lanka this week, could be a sign…
Who knows we have waited long enough
Anyone got an idea when we can expect next set of results? I appreciate it will be March but any confirmed date?