Member Info for elir71

@Salinger, I was looking more at inland shipping consuming BioMSAR themselves. But yes, loading bunker barges on inland waterways would be an idea too

not necessarily transport to the coast, but to an inland waterway

More likely they will take an interest in Greenroc rather than Alba, unless, at some future date they wish to buy ALba's entire Greenroc holdings.

The IPO may happen before the JORCs are in. It is something that concerns me, as the exploration expense has been incurred by Alba, so the valuation of Alba's assets should be on the basis of JORCd assets, not preJORC assets + cost of exploration.

Obviously that excludes Melville Bay and Ingerfield and Kaalaaq as they have only lightly been explored

Time for tbs drilling, depends on number of rigs. I've never drilled permafrost

Time for tbs drilling, depends on number of rigs. I've never drilled permafrost

Yes they've started drilling at tbs. Target depths have been indicated too, from memory 10m, so should x5 proven resource

2 years
offtake agreement, temp jetty, big bulk sample, tentative finance (debt, good rates)

Thanks

A couple of big buys at the end there.

@thunks
Presently how much of Greenland's value is represented in Alba's shareprice?

When you've answered that, then you'll have answered your question

0.25 - 0.30 being quoted before start of play

very positive reinforcement of our best anticipations

even if not reflected today, it will be after IPO.

@Nathan
The share price does not make a direct comparison between the value of a company, because each company is divided into a different number of shares. If for example company 1 and company 2 were both worth £10 M and company 1 and 10 million shares issued but company 2 had 5 million shares issued then company 1's shares would be £1 each and company 2 shares would be worth £2.

Also it brings into question ... what is a company worth ? In the above example I have stated the worth as "market capitalisation", ie. the total value of shares in issue. That, in speculative growth companies comprises mainly an anticipation of a future stream of profits, as opposed to the sum of its assets.

There's more stuff on the fb alba investors group in the files section, however some of the stuff I wrote is now out of date.

Each Alba RNS has a breakdown of its key assets, so you'll see that ALBA is about much more than the gold mines in North Wales. That said, in my opinion, some of the other assets, notably the Greenland assets' value doesnt appear to be reflected in the SP. As a result the board have decided to float a new company to hold those assets , called Greenrock Mining. In exchange for those assets, ALBA will be a major shareholder of this new company.

theres no reason why the trials couldnt run in parallel

The advantage in credbility that conventional MSAR has over BIoMSAR is that its already been in use on the Maersk ship

dont worry about the ripples in the SP,
A tidal wave of positive change is about to sweep all that away

ok got you on there

Daibando. A search on twitter for Daibando comes up with a number of accounts. Which is yours?

Id have thought Lars would be better deployed in Greenroc, but as a man of undoubted merit he's more than welcome at Alba

More to the point, why would you stand idle the posp ?
You may as well make money out of it now that youve bought it