Member Info for fatsuperman

You can't find any reference because THAT GAZETTE IS NOT TO DO WITH MINING.

How many of us even know where the government gazettes for the Ministry of Mines are posted?

A gazette that has no relation to mining is posted and this is the reaction? It's actually laughable and no surprise that shares on AIM can be influenced / corrupted so easily. Just like the 'mistake' posted earlier that brought the price down. These rampers and bashers are no doubt making a fortune out of the general idiocy of most 'investors'

The tantalum credits will pretty much fund the mining costs of Zulu. Obviously good news, but I keep seeing people talking about it 'paying for the mine' etc.

I know what you mean Steven. Talk of 1p... that’s a market cap of over £100m. Seriously, people think that we’ll hit that on EPO and Circum? 1.5p is over £160m!

I’ve been in this share longer than most people have been alive, I’ve never sold and I want this to explode at least as much as everyone. But this constant ramp / bash cycle is ridiculous.

There can never be any serious conversation on this board - similar to most mining / oil shares on AIM to be fair.

I suppose there is an argument to say sentiment can take this to ridiculous levels, but the sell off on the rise to 1p would be insane. I can’t see us hitting £100m before Zulu DFS and JV.

All that said, Pilbara, Sirius, etc have all previously hit £1bn on funding, so why not. Maybe we should still be aiming for 10p within 12 months...

Technically the Circum website isn't down, it's that we are no longer authorised to view it. They have possibly removed access to everyone not on approved networks until they release an update. That would be a weird way of updating a website, but I suppose if practically nobody is looking at it day-to-day, then it doesn't really matter to them.

Kelladee, you may want to clarify what you are asking, because it is not clear.

If you are asking whether Prem still hold their ~5m shares in Circum Minerals, then yes, they still own those.

Glad we don't have to buy the print copy of that Acker... $25!!

Yes, the order does not prevent you going in and manually selling them at any time, for any price. You could put a sell order in for 20p, and then go in and sell for 0.5p if you wish

I think you're a bit harsh there jimjam.
M&S had to compete on price or die. When the fast fashion retailers started selling 10 tops for the price of 1 at M&S, what on Earth did you think would happen. It's hard to convince a young lady to part with a top that will last her 5 years, when she only wants to wear it twice and then have something different. Society and buying habits have changed drastically, M&S has tried to stand in the middle - which realistically was their best choice. Affordable quality is them in a nutshell. And frankly, that is a much harder message than 'really cheap' (ie: Primark) or the high-end brands.
Add to the fact that for the first 120 years of their history, retail didn't change much. But the last 20 have been tumultuous to say the least. Disruption is happening at a faster pace every year, and staying on the ride is hard enough, let alone trying to get ahead of it.

You are cascading your opinion. That’s all. Some might say your research doesn’t exist.

Of course Lithium is VERY plentiful on this planet. Getting it out economically is not so easy

Roskill mineral reports are not in the public domain, they cost many thousands. Perhaps you have read it, and perhaps you think that their analysis - trusted by many companies - has missed some elements that you have picked up. I somehow doubt it.

It’s completely moot though. You are saying “Lithium price will drop” but not providing any details of your theory. So frankly, it sounds like BS.

Not that it really matters to anyone. There are many other milestones that need to happen at Zulu before we need to start worrying about Lithium pricing

Thanks for your thoughts Acker. Not what I’d call a deep analysis, but I do take your point.

Roskill, the specialist minerals price forecasting agency do not agree with you on the mid term price of Lithium. Just in case you wanted to validate your logic with your peers in the industry

I would also state that Bacanora’s concession in Sonora, which is the one the BFS relates to has a 8.7Mt resource statement. It’s nowhere near being a large project. It IS one of the larger CLAY deposits in the world.

I think the confusion comes from the fact Sonora itself is massive, it covers nearly 100,000 hectares. It’s split into 10 concessions, Bacanora Ltd own one of them (this is the one at BFS, that Cadence have a tiny stake in). They also have a JV on two others (70% Bacanora, 30% Cadence). But those two (Megalit and Mexalit) are not explored.

Note that Bacanora mention them as two concessions but Cadence call them JV companies with 5 concessions. I guess it doesn’t matter much at this stage. They are in the long term (20-year) plan for Bacanora / Sonora.

Well Kenny has plucked his numbers out of thin air. You’ve only got to go on Cadence’s own website and read their RNS.

As of August 1st, Cadence owned 0.5% of the owner that project. On October 14th, Bacanora (the owner) sold 30% of their equity to Ganfeng, in a JV. That makes Cadence’s small stake even smaller.

So yes, they own a portion of a project which is at BFS, and now has significant funding, but it’s a tiny stake at this stage.

I’ll pre-empt you mentioning their 30% investment in the Mexalit / Megalit JV, which is in the same area. This is not part of the BFS And has not been explored to have a resource estimate. The KDNC website is very out of date.

By the way, DFS and BFS are the same thing.

Good luck all!

Jeremiah, which lithium deposit are you talking about with regards to Cadence?

Alan, very true. But I think that’s why he mentioned ‘county’

My persona expectation is that whilst he may have had new JV conversations in advance, the detail can’t be worked through (and thus announced), until the full extent of the EPO is known

Forrest, if they announce a JV soon after, or alongside the EPO, and that JV includes provision to complete a drill programme and DFS, then I would imagine we’d be looking at a significant increase. Got to consider somewhere around £50m market cap for that news (0.45p)

If the JV includes any kind of commitment to finance the build of the project, then post-DFS it will be many multiples of that. Pilbara got to ~£1bn on finance. By way of comparison, Zulu’s target resource for the main zone ONLY is about half the size of Pilbara. With the ‘new zone’ in the south east it is about the same size. With the EPO the ‘potential’ is enormous, but lots of drilling / trenching needed to expand that. So... I would hope we could reach between £150m and £350m on finance news, with DFS and drill campaign done (1.35p to 3.2p).

Obviously many would say these are ridiculous numbers given where we are, others will say they are very restrained. My view is somewhere in the middle - I don’t personally think any company with a resource and funding commitment should be worth £1bn... but that’s what happens on AIM sometimes (£1bn is 9p by the way... I’ll probably have sold by then!)

Add something in for Circum, MNH and RHA if you like

Hey CF, I’m still about mate and not going anywhere for a while. PREM is like my fourth child (unfortunately it’s my eldest, simpleton child, but they can’t all be geniuses)

Hope you’re well!

Nobody can really say how far this might continue to rise, nor when or why it will retrace. When you look at some of the market caps that tiny development companies reach sometimes, it’s staggering. What did REM get to in the end? Before the inevitable slide to reality.

I am still looking at the joke of a market cap and the potential here. Frankly, with a massive extension to Zulu, it becomes a lot more attractive to third-party interest. I hope the Zimbabwe gov back these projects as they are suggesting they will. If they invest in supporting the development of this project, then we might be able to motor on from here quite quickly.
Big if, but if Zulu turns out to be globally significant, then you can start looking at the market cap numbers that similar sized deposits get to once funded... Pilbara hit over a billion. Obviously that’s not in Zimbabwe, but I’d be happy with a fraction of that number!

Obviously Circum provides a decent De-risk and RHA might actually start delivering some sort of value in the next 6 months! But we may have said that ‘once or twice’ before!

Fats