Member Info for elir71

Tend to agree with truckman. Utah being best hope but doubt anything will change this side of the pqe tender, which should at least a conclusion soon

@jimjam

Re something for your grandchildren

By which I understand you to mean that the maturity of this investment is several decades. I disagree with you, here's why :

North Wales exploration licences (strictly speaking options) have already been extended to the max. By that time either projects will have been sold on, brought into production or surrendered

Naturally some totally unexplored areas of the dgb will take longer.

Timescale for the former, C. 4years

Greenland
Two projects well advanced planned mine development In 2 to 2.5 years

Although longer term projects exist. The above ones have a 3 to 4 year horizon which will result in either total failure, or reasonable duccess

https://sec.report/nsm/rns/lse/rns/rns/6250L_1-2019-9-9.pdf

although the release by viston states 22nd August.

With respect to exporting the material then a conveyor to a permanently moored barge would be a quick and cost effective solution.

It's what Jay did when exporting the big bulk sample from Dundas. There's pix of it on Jay's site

GF in his recent address to investors at Greenland mining conference stated start of development end of 2023

I'd point out that bluejay found some interest from the American Bank of export? To provide a sizeable debt facility at competitive rates

https://www.businesswire.com/news/home/20220708005254/en/Viston-United-Swiss-AG-provides-CFIUS-Update-in-Connection-with-All-Cash-Offer-to-Acquire-Petroteq-Energy-Inc.

so that takes cfius investigation potentially to 12th September

GROC is an exploration company (At present at least)
Therefore its costs are exploration, not mine development
It potential reward is the appreciation in the value of the asset due to the proving up of the resource and probably get an exploitation licence following the necessary permits including socio economic impact studies, environmental studies.

In the case that a viable mine plan / exploitation licence is granted then GROC have a number of options

1. sell on the resource to a mining company for cash or near cash

2. sell part of the resource to a mining company for the mining company bearing the cost of mine development

^^^ these two options require no capital raising on the part of GROC

3. Develop the mine themselves financed by :-
i) placing
ii) debt
iii) combination of placing and or debt

4. GROC "spins off" an asset ready for development, retaining a significant shareholding, raising finance through IPO in the spinoff company, or possibly an offtake partner.

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The important point is that the activity GROC is engaged in at present is exploration .. i.e the appreciation of a mineral resource

What they will bring to the table is a proven resource when it comes to moving onto development

Timescales for TBS and Amistoq is end of 2023 for moving onto development phase.

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"why has it not been done before?"
strange psychological fallacy (linked to a deep seated inferiority complex)
, which, if was true would mean that nothing new would ever be done, for if it was possible then it would have been done by others in the past.

I'd have thought we'd have news on the CFIUS review of the Petroteq takeover

(which has implications for TOM)

@copland

The purpose of the company at this stage is exploration and not to mine gold, but to prove up gold deposits and assess those deposits suitability for mining. If the exploration reveals viable proven resources then it may in part start to mine, or sell off that resource to a miner (or a hybrid like a JV)

In this sense the main activity of the company is the appreciation of a possible mineral resource

Clearly some people are ill suited to be shareholders of mineral exploration companies. Best sell up if that's you

Does anyone know if QFI have any contact with "Heavy Sweet Oil" ?

Possibly, but to move forwards we will need funding so I'm OK with it in principle

About 12 months lost to covid, basically a season at Greenland. Clogau less affected and Gwynfynydd added to the portfolio during this period. I thought alba mitigated the issue very well.

As for the major risk being regulatory, yes I would agree with that. A positive result could result in a significant and rapid appreciation in SP particularly if good grades follow on from bulk samples retrieved from the dewatered workings. So you could take the view that a 'quick buck' can be made then.

Nevertheless I'd say its a 2 to 3 year horizon to maturity of this investment

Re emphasis on one shaft

1. Because visible gold was relatively recently reported down there

2. Because it demonstrates nrw will accept Alba's minewater environmental management

Wrt to other areas, yes I agree parallel exploration should be conducted

Given the strike price of the warrants in issue, that have a final exercise date in 2022, it would be interesting to see if the SP will be well north of that then (0.55p and 0.75p) respectively. The fundamentals are all there to justify it.

@Robbie
Apart from the uncrossing trade, today's ordinary trade amounts to under £12

I expect Mark is working on a mineplan / planning application for the spoil heap

Apparently there's a place you can do panning holidays near Dolau Cothi

WRT to H-L is it true that now that trading has resumed, then it is possible to buy more in the hope of doubling your money on a successful Viston offer ?

Tesla currently source their batteries' graphite from synthetic graphite. I believe Hitachi have a process of manufacturing good grade graphite from petcoke, a by product of oil refining . As I understand synthetic graphite is more expensive than natural battery grade graphite.