Member Info for Ella10

Cheers Phoenix.

Hi Phoenix,
This is going over old ground from last week probably best if we leave it as wre're go round in circles.

Hi HD,
It is JLP that now own EML.

Hi Phoenix,
JLP via EML have a prospecting licence not a mining licence. I suspect either JLP or Zopco will look after the mining and therefore apply for the mining licence - and that is the application in the mining cadastre - that is speculation on my part.

See the following from 30th Sept 2020 trading update:

"Current update: Further to the announcement of 3 October 2019, drill core material from the Star Zinc project was made available to Jubilee Metals Group to facilitate bulk sample testing. The potential contribution of silver and germanium from Star Zinc ore will also be further assessed. It is planned to prepare an application for a small-scale mining permit, including an environmental permit, with mining to commence as soon as this process is finalised - targeted for 2021. Star Zinc mining plans and permissions are progressing favourably and the Company will make an announcement in due course."

Hi Phoenix,
Look at the discussion on this from a few days ago. JLP now own EML and the large exploration licence - we need a mining licence. Ther must be some odd deal in the pipeline - possibly getting a fee for the Zinc in the ground from Jubilee.

I have stated previously that I think the KCB licences have huge potential - I have no issues with that.

As for QH I suspect he's being kept rather busy on another exploration activity at the moment. I hope his output is exceptionally high both in quality and quantity at the moment as his activities will be impacting two companies I hold shares in!

Absolutely whole heartedly agree Sumoskier!

Hi CastIron,

The $4m exploration commitment Sandfire have made on their licences is for their benefit. GLR Will hopefully get a success payment as a result but this $4m commitment demonstrates how expensive comprehensive exploration on our remaining licences is likely to be.

If you were AA and interested in Racecourse and with the speedy progress being made would you not want to try to get a company rep in to "assist" with the drilling at this stage?

I also sort of think CB might have a deal on the go for some of the other licences but that doesn't quite square with Sandfire having first refusal. The remaining licences seem a lot for GLR to progress in much detail.

Hi Sumoskier,
We haven't had the results of the survey yet and the deal still needs to complete. I guess you're hoping we'll find a monster here? I'm hoping for some other news in the interim. I can imagine an RNS and interview most days on XTR takes up quite a bit of time (not to mention the excitement there must be within the company) but would be good to get some news here.

Mr Bird,
Any chance of a slide or two in your next RNS to give us a better idea of what you know about this monster? Please... I realise a lot is not yet understood.

I've decided it is a monster and hopefully one with some serious yellowish highlights.

I THINK there is new photo of a core on the website. No idea what it means but I assume if they've posted an additional photo then they think someone will find it interesting and maybe draw some conclusions.

Iceberg,
Do you have an updated version of your super dooper hi tech computer generated graphic for us?

I would prefer some zinc :-)

Interesting theory on reasoning behind frequency of updates on other site.
Colin thinks it might spring a leak so best to release updates frequently.

Now would be a good time for a few slides if they don't want to do a full scale presentation.

I totally agree the KCB licences have huge potential. CB does apppear to have got a very deal in a short space of time (my one reservation being the NSR liability we are carrying).

Hi Westlad,

Did you try to contact the company? I didn't , I assumed if folk had got responses from CB over the weekend that an RNS would have been issued today . I thought that would be the mechanism used to communicate any reassuring news to investors.

CE,
I am not try to belittle the find - I think it is fantastic. Taking your analogy of the phone shaped porphyry - do we think drill 2 is going directly through ? Ie width of ore = length of drill in ore? I assume due to the offsets this is not the case but I don't know.