Member Info for extracover46

Have a look at one of the most recent posts on the UFO site talking about the amount of steel needed just for one wind turbine.
The conversation also leads into UFO's high grade 60% (DSO) ore-but nowhere near as high as BEM's grades.
Surely this should rock Greta's boat as vast amounts of steel will definitely be needed to move to a lower carbon future.
Also if the prunes sticking themselves to roads were unilaterally prepared to stop upgrading their mobile phones (which require rare earth metals in order to function) and instead just keep them until they pack up then I might have some sympathy with them.
Rant over.

Just had a scour on the web and the October price per wet tonne was $19.32 and expected to fall-according to the pundits!
Source S and P Global-Market Intelligence.

Just wondering whether the Saudi's widely publicised thoughts that continued exploration and selling of their fossil fuel resources (cf Kallak) can be regarded as not incompatible with reduction in CO2 emissions.
Resource rich LDNs (or whatever they are referred to these days) will be all over this next week in Glasgow.
Whilst Sweden is not currently an LDN it seems to be fast heading that way-beware Greta has loads of caves and candles already stored and ready for future use.

Didn't the report mention that the ops were moving into the higher grade deposits.
Chink of light maybe?

I think you should look up how to calculate basic % age increases or decreases before trying to wind people up and showing everyone how you lack such basic life skills.
Over and out this time. For good.
This whole board sucks.

Sorry to prolong the agony OB-but it's actually according to your figures a 251.85185% increase. Not the 400% according to your abacus.
I'm closing all further responses until someone contacts AST and gets them to confirm the figures.
This is is pointless and a complete waste of people's time.

There's nothing wrong with my maths and far from listening to people on the board I did my own calculations based solely on what the company revealed in today's RNS .
If you are unhappy with the production figures and how the 100k euros net per month can be realised I suggest those disputing these RNS figures take this up with AST and directly challenge them as to their accuracy instead of clogging up this board with meandering piffle at a time when there might be the hint of some light at the end of what has been a very long tunnel.

Time for some O level maths!
Sept RNS indicated production over the previous 6 months (181 days) of 751140 cu metres of gas-am ignoring condensate sales for the purposes of this (hopefully clarifying note). Today's RNS mentioned current production levels-so that was what I have to work with.
If you go to Calculator.org and type in 751140 cu metres it will convert to MwH.
This comes to 7924.527 MwH.
This at 105 euros per MwH (or a bit less either way) =832,075 euros over the next full 6 month period.
Divide this figure by 6 (monthly revenue figure) and you get 137,912 euros per month over the next 6 months.
The estimate in today's RNS of at least 100,000 euros a month NET (given a gross figure of over 137,00 seems about right?)
I know many are right p$$$ ed off with AST but let's please accept that for once this is good news, at least while prices hold-bad news of course for domestic and industrial gas users.
Who knows what future games Putin will be playing with supplies once central european winters really kick in?

You also have to factor in the grades; some of these Aussie miners are extracting ore in the low 50s.

Had it straight from the horse's mouth on 28/9
"The small scale mining license (sic) at Kalaba has been converted into an exploration license (sic) still under our complete control".
I'm sure NvS will not mind my quoting this in response to an enquiry I sent to ARCM's media outfit.
I suggest others do the same if you want corroboration.
As to why it went from mining to exploration I have no idea at this stage.

Don't want to prolong the debate S-but the book does also make the case for continued fossil fuel extraction by countries that follow good practices environmentally. This will give them the option of avoiding/limiting importing from countries (that we can all name) that are asset rich or if not somehow become asset rich by nefarious control practices. A quick skim of the book on the Amazon page will hopefully put it more clearly than I did initially. So our organic friends occupying the moral high ground but who may be heavy users of mobiles etc are no better than us neanderthals!!
Still having a bad day!

CT-yep so a 19% fall so far today just about equals your calc on profit contribution. Well done (so far??)

While we wait (!!!) for a decision could I suggest that Pitron's book (Rare Metals War-the dark side of clean energy etc) is well worth a read for lots of reasons. One of which is challenging the mantra that so called green technologies are not actually all that green once you get to analyse the rare metals on which they are based.
The book has been around for a while and the translation could have been a bit sharper so apologies if it is old hat to some.

The book has been around fora while so apologies if it is old hat to some.
The translation into English could have been better but it is worth sticking with it.
Perhaps some kind soul could send Lovren a copy.

Suzy-did think of replacing Weetabix with organic muesli with reindeer milk.
I'm sure all our BEM long- standers of a certain age will have noted the comment about the cement strength of overnight left- over Weetabix . Those were the days!

Just cannot fathom the green mentality sometimes. High grade ore -less wastage/better quality steel (for wind turbines not just cars!) lasts longer etc plus avoiding dodgy imports from countries where practices are harmful. Do they still think that they can somehow fabricate wind-farms from reindeer hides cemented together by organic weetabix.
Sorry-it's just one of those days so far!

SN
Many thanks for your courteous reply.
With lots of time available and likely to be confined to he house for a while with shielding (won't share on a public forum) I should be able to read and hopefully add to my knowledge assuming the grey matter is still responsive to material and terminology locked away and unused for years.
Cheers

Seis Nav
Yep agree it's a big PhD submission using lots of secondary published data as far as I can tell. Most of the submission seems to be focusing on correlating strata across the whole CACB system.
Hopefully we are on to a winner here despite the usual suspects that infect all high risk/reward boards. If I have read things properly are we talking about Cu deposits being washed into to sedimentary layers from a primary source? Answers in one syllable if possible please!!
My UCL subsidiary geog/geol knowledge goes back to the late 60s and unfortunately having never used it professionally such knowledge has got watered down over the years.
ATB

SeisNav
I guess you've managed to assimilate the findings of Broughton's thesis on the Geology and Ore Deposits of the Central African Copper Belt?
Cheers.

Wouldn't surprise me if Baylan does now finally make a decision- which is a NO. This allows him to ride off into the Swedish autumn sunset leaving his replacement having to sort all the subsequent flak!

Some good points Vlad but surely the market is still a bit anxious about the post Brexit stuff around service companies such as LGEN and access to EU markets plus the fact that this element was all but ignored in all the toy throwing and face offs leading up to the final withdrawal settlement? Haven't heard much about services from HMG over the past 12- 15 months much else tends to be subsumed by COVID agendas.