Member Info for Ella10

I agree this RNS is unclear. It seems odd that GLR signed the offtake agreement for Star Zinc but BMR own the rights.
I also am nervous about the "intended" here in terms of the use of the placing funds for Star Zinc.

I haven't dug into the history of BMR in any detail - I think I need to do that now.

I can't afford to tear any hair out!

Has anyone heard anything on the potential presentation Colin spoke of? I assume if he does something like this we would see the latest modelling.

Phoenix - It was good to hear you brag :-)

Iceberg,

Do we know if the model has been updated since the drilling of BRD001? If it has been updated then I think there would be some shading to show copper in that area. The key goes down as low as 0.1%. I'm not sure when the model was updated .

So it wasn't an insider buying then....

I was wondering if it is someone who would not be able to buy if there was known news on the horizon.
:-)

Does that buy mean more news is not on the horizon?

Well, I'm not really sure it is....
Anyone else want to join?

Prickly,
I don't believe the expectation is to get to 430m width on this drill . My take on my one listen of the interview was that if we get much over 200m we will have exceeded expectations.

SP looking better! And thankfully my portfolio has a little more blue in it than this morning.

The drilling team are certainly getting good publicity.

Hi Steve,
I'm not aware of statemement re gold grade assessment but I've only been following closely for the last month. The TDR ASX 2007 for the earlier Jorc resource quotes 1.9 g/t silver for the 27.6 t resource. Different publications seem to quote this as 1.9 g/t gold referencing Geoscience Australia. Do we know if this earlier resource was for silver? If it was for gold then I'm surprised the latest Jorc resource has such a low level of gold. I haven't been able to convince myself which is correct but it does seem a high level of gold to have got missed.

Leosayer,

I had a dig around in that a couple of days ago I could see the locations of the 4 drill holes bit couldn't figure out the assay results. I realise we had the results for BRC026 in the presentation. Did you manage to access the results for the other 3 holes?

If the mineralisation in hole 2 is over a shorter length than expected are they likely to go for another hole in close proximity, in case their modelling/ drilling was slightly out?

There have been some dinky trades so it does seem like there is something going on.

It could be - that's not how I had read it

"Approximately £10,000 was spent on the Included Licences in the six months to 30 September 2020 and no income has been generated from the Included Licences. The Company will record a profit on disposal of the Included Licences and this will be reported in the audited accounts for the year ended 31 March 2021."

Hi Oiltap,

My post didn't make it clear when I said unlikely to see quute the same profits. I meant mining ourselves and selling directly or selling zinc in the ground through Zopco rather than a comparison original estimated profits. I agree we expect Star Zinc to be monetised this quarter hence my expectation of a mining licence application to be currently in progress...
Hopefully whatever CB has planned gives us some money in the bank and KCB will be the big changer if they can pull it off. Obviously we are still keen to hear the end results of KCB survey. I was quite surprisd to learn that they had only spent £10k on the KCB licences up to end Sept.

Hi Phoenix,

An artisan licence can only cover up to 6.6ha and the rules state only a Zambian citizen or cooperative can apply - so that does fit with the idea of a small family business. That was why I was originally so sceptical that it was Star Zinc. After thr surprise yesterday (good I think) then I would be surprised to see something unexpected here. Selling the zinc out of the ground could allow the local economy more benefit. Obviously if this is going throught Zopco to be mined we are unlikely to see quite the same profits. All speculation.

Addionally DC doscovered the following

"I might be a dog with a bone on this one, but iv found our little artisan man. He's a mining manager in zambia "black mountain" kitwe. Or was in 2018

https://www.znbc.co.zm/news/black-mountain-mining-plan-needed/

It seems the set up in zambia for small scale mining like on black mountain in Kitwe uses gangs of local artisans for the operations under the umbrella of the owner of the land."