Member Info for EyeGuy

I’ll keep my money in regardless. I want multiples of pennies not fractions.

If they can extend the LOM to say 25 years by bringing Ka****u into production then looking more like £100 mill mcap, 25p possibly
imo

Added a few more. I think this is worth sticking with over next few months.

Could well be 7-10p next year with the cash generation unlocking value on other projects.
Holding tight for the re rate

offtake and mining license next. then its circa $1 mill per month profit for 6 years. VS £2 mill mcap LMAO.
Could be paying dividends by March 2020. Doubt they will. Money chucked into exploration IMO of Kaschitu

looking good. short term target for me 2.5p.

Well this is going to get very exciting very quickly. I think the market has missed this as there is no build up here. IE no plant building etc. It’s dig, crush and ship. Should easily be over £10 mill mcap for starters. This has to move at some point

That’s good news. Guess we should hear of an offtake any time now then.

That’s while I’ll keep adding.

One day soon this will make a big move imo.

Ore shipped from October. Not long to get such substantial revenues. Market completely missed this

thanks Trade desk. Advantage of having Bird here is the JLP connection with him being non-exudative chair of JLP.
Would seem that the offtake is pretty much nailed on to me. When confirmation happens, would expect this to be gapping up.
Happy to keep adding

Things then are moving quickly. Will quite happily keep adding down here

Yes. He made some good points. The JORC is what the market wants but they have drilled a lot of holes already and they know what is there. I think we will hear something very soon about the offtake and then it’s takeoff time

I’ve listened to both podcasts and done my research. Had a few twitter q’s with a jlp holder that thought glr will need to spend big on the asset to get the license. That doesn’t appear to be the case at all as CB has mentioned this fast track license. Other point is the ore. Will jlp want it? CB mentions this too. Point is why would they not want it as it’s 3x higher grade than what they have. Completely under the radar. $1 million per month operational profit on a £2 mill mcap company?
Won’t last pal

Thanks for the links. Would appear to be a formality getting this license. It’s only a simple operation hence the current JORC would appear to be good enough. It all starts from as little as 8 weeks. Will imo quite easily justify an mcap of £15 mill when money starts coming in. The money - if spent wisely could bring ka****u and glen over projects on.
Why stop at a £20 mill company. Could be worth multiples of that next year.

Market cap £2 million. Income circa £10 million.
What a disconnect

Clear definition of high grade ore. Work it discretionally. Processing 12k tonnes per year. Generates 15-16 million dollars revenue. Surplus 12-13 million dollars. Not hiring people. Dig, crush and take up the road.
Ore 3 x higher grade than Kabwe already have. No investment in mining or processing equipment. Operation “completely outsourced”
Silver and germanium worth $50 per tonne. Could pay for everything plus.
Small scale license- not a huge operation. Takes 4,5,6 months from June. Receiving material from glr hopefully Oct, nov.
That’s not a long time for revenues

Listened to the proactive and the podcast again.
Had some one on twitter say that they need to spend money developing the asset. CB is quite clear that he expects to be in a position to provide ORE from October. They don’t need to buy any mining equipment bar get hold of a crusher. 2 porta cabins and a crusher is what he said. The ore is higher grade- higher than what JlP will have at up to 25%. The mining license they have applied for on a fast track. We need details of the offtake and news of the license.
Someone on Twitter mentioned a placing. Yep. Always a chance they may need a buy of working capital. But 2 and half months or production is more than this mcap. It’s crazy cheap regardless and I will keep buying here.

market is ****. I am happy here adding TBH.