Member Info for elir71

I've said since Christmas that the valuation of the company at that time , factoring in risks for each project, capex and net present value of income stream that the company was easily worth 0.7p then, more like 0.9, based on fundamental values. I think Zak did a technical analysis that came out (with caveats) of about the same. I know next to nothing about the black arts of charting. But what I do know is that 2016, “Review of potential resource critical minerals in Greenland” M Stensgaard pg.28 states theres
At least 250 000 T of graphite there, and as of today we know its the best grade material which fetches over £1000 / T

also since then there's addition of Gwynfynydd gold mine, solid progress and significant finds of auriferous veins at Clogau, Bluejays resource next door got offtake agreement and finance at a click of their fingers for the same Ilmenite resource and last but not least that nasty virus is being dealt with, at least in our areas of operation.

Bewilderingly the SP on the basis of fundamentals should have doubled not halved ... what's there not to like ?

George .. just tell us about he bulk samples and hole 10

Communication stating when samples dispatched and estimated time of arrival would be good

I think at present, Tesla sources its graphite from Pansonic, who make it synthetically, which is quite costly.

looking at level 2 there's very little between us and 0.57 now only non market maker's offers

Big difference between Feb RNS and todays
We now know for certain that this is useable for EV. Previous results were grade and flake analysis so we knew it was only probably ok for EV

February RNS states high grade and subject to further tests is may be suitable for LIB
Todays RNS confirms it is suitable for LIB and no further tests are required
The only further unknown is the quantity at the resource ... past studies indicate at least 250,000 T of graphite

RNS Number : 3884O
Alba Mineral Resources PLC
09 February 2021

The testwork has confirmed that the graphite content of Amitsoq ore is very high, amongst the highest found in flake graphite deposits globally. It has also demonstrated that a >96% graphite concentrate can be produced and that many of the inherent characteristics exhibited by Amitsoq graphite are positive.

Accordingly, **subject to certain follow-up testwork** which is recommended, the testwork indicates the suitability of Amitsoq graphite as feed material for Lithium-Ion Batteries ("LIBs"), the fastest growing market for flake graphite globally.

Purification test work on Amitsoq graphite confirms suitability of Amitsoq graphite for Lithium-Ion Batteries ("LIBs").



RNS Number : 7930W
Alba Mineral Resources PLC
28 April 2021

All material prerequisites for LIBs have now been fulfilled:
Amitsoq graphite can be floated to grades above 95%.
Particle size distribution is suitable.
Bulk density is sufficiently high.
Alkaline purification achieves a carbon level of above 99.95%.
Two purification methods applied. Standard alkaline purification achieves very low levels of impurities for LIBs. Acid purification also possible, subject to modification to intensify the purification process.

@Mr008 if you believe that, then you must also believe that all non Clogau assets are totally disconnected from the SP and that the market values all of the other assets as negligible. So in an extension of your logic, then if Clogau was not in the portfolio , then the company would be valueless.

@master 82
Lab results > JORC > Exploitation Licence > Off take agreement > Finance > Development > Extraction
bear in mind that in the early 20th century this was mined here (but there was no big market for LIB then !)

Once JORCd Amitsoq on its own is worth more , much more , than the current market capitalisation of the company. How much longer can the SP be so low ?

Yes, don't get shaken from your tree !

for the benefit of new investors

https://docs.google.com/document/d/1xxuXY7-LZ-u78JtnD_llFt5vsEBA5eMThJcBj58Ck_g/edit?usp=sharing

The history of the site is that it was previously mined from 1914 until 1925 where 6000 Tonnes was 21% was won. In 1915 Bernard & Starch estimated 200,000 to 495,000 T at 20% graphite. It is not thought that core drilling was used, but used surface mapping to infer the deposits. A local government funded report was conducted by Danish company A/S Nielsen in 1986. A further report was produced in 2016, “Review of potential resource critical minerals in Greenland” M Stensgaard pg.28 . From this, 250,000 T reserve is documented. As such, although it is not a JORC resource it has been previously mined and explored so NPV analyses and comparables are valid methods of valuation

I estimated the value of Amitsoq at £10M at the start of this year
we are one season away from JORC (according to First Equity Research Note)
I estimated the value of Amitsoq at £30M post JORC, so potentially at the end of this year.

offtake agreements, finance etc should be easy to get .... its a graphite sellers market

Good confirmation of what we expected about the product quality. We should be at the top table when it comes to graphite supply . Greenland opens next week. I'd hope that the Teslas for this world are taking note of this.

@Andysel
diolch yn fawr
https://www.rns-pdf.londonstockexchange.com/rns/6876T_1-2020-7-21.pdf
It looks like they did take some samples from here

that was an extract from the 1976 mining memoir

"no attempt was made by the old management to follow this rich ore downwards" was this area included in the sept oct sampling ?

The main level has been driven from Its portal, on the bank of the river Cwmllechan_, on the course of the great lode or reef, the strike of which is 42 degrees E of N by W of S to a distance of 2,150 feet _ Higher up the hill known as Tyncornal a crosscut, 7' x 7' has been driven to a distance of 900 feet to intersect the lode. A few feet easterly from this point a shaft has been sunk to a depth of 300 feet, thus connecting the top of the mine with the Llechfraith level _ By this the ore can be tipped down the shaft and trammed to the Mill _ Extensive stoping of very rich gold has been done here at the top from the crosscut up to the surface. Also a number of levels have been driven on the lode and - too - on the veins; especially the one known, locally, as the John Hughes, carrying high grade ore. This has been worked extensively from this level upwards but no attempt was made by the old management to follow this rich ore downwards.

during that video, then he mentioned the hole was at 200m
you could take a stab at the inclination of the hole as the drill rig is visible

with a bit of 3d trig then you can work out if it had intersected the expected position of the vein

On another subject : Does anyone know where the "John Hughes" is in the mine ?

is it 12-15 months to build a 5000 bopd plant ? naturally two can be built in parallel. I think things will move very quickly once the FEED is out

Im estimating results of lab tests at QRF 6 weeks from dispatch of samples (3 weeks for shipping, 3 for lab work) ... so early June at the earliest

Im wondering if they will send two sets of samples, one from the Petroteq lease area and the other from the Tomco lease area ? It would make sense wouldnt it ?

Get yea those samples to England !

As announced on 1 April 2021, Greenfield identified certain additional enhancements that were required to be made to the POSP to allow for a more efficient and optimised operation. Greenfield is pleased to report that this additional equipment has now been successfully installed and tested, and the POSP is again operational.