Member Info for FireballXL5

Well crunch the numbers sidebar. I like reasoned debate but you are plucking letters out of the air and stringing them into words which bear the hallmarks of a welcome sign shedding letters. Tell me reason for the strategic stake in BMR if the venture has not past normal fiscal tests.

Eric, the only delay so far is the 2 months to satisfy the mining debacle. Since the pair have told us that they presented, pleaded and made a good case for reinstatement I can only assume that all parties at some point discussed project timelines and why the Ministry built those in a matter of a month or so ago. I would find it unreasonable to come back after a couple of months to revisit these. Lets hope they knuckle down and get to work, at last. We will know our fate by the 14/15th June.

Sorry Mike your Galileo goes with Brexshit. Star Zinc, well I've poured over that and others have. There are good grades and good tonnage for Kabwe, just hope they prove up additional resource, why do you think BMR went 15%?

This is what they said: -- Jubilee has advised BMR that it wishes to take up its rights in regards to the Kabwe Project -- This will, conditionally, allow Jubilee to increase its effective interest in the Kabwe Project to 57.41% (comprising 40% direct and 17.41% indirectly as a shareholder in BMR) -- Comprehensive technical due diligence confirms grade predictions -- Further test work provides encouraging processing results for future optimisation -- Jubilee looks forward to fast track implementation along with its partner BMR -- This agreement is subject only to final documentation against previously agreed binding commercial and material terms Leon Coetzer, Chief Executive said: "The Jubilee board has satisfied itself that the Kabwe Project is indeed a project worthy of development. Our test work has confirmed the quality of the base asset and has provided encouraging results for integration into our future metallurgical studies. And they bought a stake. If they don't push the button the value of their holding here will be what? There must be some plans afoot which they wish to discuss with the Ministry so that they get buy in to the project. It doesn't necessarily mean delay, depends what they want to do within the processing plant that wasn't within the initial approval. I'm all for it if we work with the authorities along the way and get their buy in.

To maintain positivity, my timelines won�t change and every day passing is another day closer to my chance meeting with Mr Reeper. I�d like to celebrate Kabwe success in life, cheerful, eh?

Klue, I�d be more than content to see V in the plans or an acid plant. A slightly larger production rate if feasibility tests are done would be welcomed. I think Vigs positivity should be welcomed. I know he bought in at the lows and we have all seen the adverse of �watch the pennies� but the delivery of the 3 p�s would be welcomed, Plant, Production, Profitably. Just let�s push the BoD to deliver. All timelines and costs to be met, plenty of timelines to adhere to, even an agreement with stakeholders to meet objectives, or he goes!

Our immediate next project deliverable is to present the project business plan to the newly formed joint venture company for approval by the board. I will be presenting the project execution plan to the Zambian authorities for approval in the coming days as part of our ongoing engagement with the Zambian mining department. Our agreement with BMR calls for the final business and execution plan to be approved by the 15(th) of June 2018. We will continue with site preparation work and confirming equipment specifications during this time. The Jubilee team is ready to commence with the execution of the project on behalf of BMR." Note: present to the Zambian authorities in coming days. So the execution plan is there. It�s a time window for seeking approval and managing design and cost before board presentation. I can�t see the ZG putting too many restrictions in or the project not giving the pay back. Looks more like caveats that nomads would introduce. Particularly as LC used the word exciting.

Only believe that it�s a change to the initial design. Thinking that V is being brought into the mix to boost the project profitability from day one. The cash will no doubt be required from the subscription which is larger than the WC requirement that I had seen. That would give the forecasts a lift and I�d forgive the delay that we have come to anticipate.

Is being exposed, the donned cap has been removed for collection purposes as he plays the sounds of �Money� to a small group on the remaining strings on his guitar. His rendition of half a sixpence, met with reluctance a few weeks back, although the offer was doubled to new money at a later date.

on the Hard matter and not the Wet matter. The Wet matter has always been the cause of our inability to monetise the Hard matter. If only we had an automated BoD. The Hard matter is responding well today with Zinc up 4% and Lead 2%. Our coveted V at $15.2 lb.

This is going to be a hard position to fill. It�s like have Dec without Ant. Luckily we are suspended so we won�t have to suffer the reaction to the split of the comedy duo.

It might just be in ours and JLP's interest to maintain a partnership with ACI, as Zimbabwe opens its doors again. There are a number of sites both in Zambia and Zimbabwe that would fit nicely into the tailings portfolio. It's an opportunity for growth once the Kabwe plant starts turning dust into metal. It will keep all the old timers on the board busy asking where they are and what they are doing. The culmination of the partnership will be our entry into the World Bath Chair Championships. No lead left in our pencils but a lightweight Zinc Chassis with Copper Trim and a VRFB power house.

I�d be insisting that there is a transfer price on the dump material to the JV. This could be apportioned by the cost or market value based on the material yeilds through production. The cost of assembling all the dump material and any added cost up to production divided by the assessed tonnes of accumulated material. It would not be a much of a cost per tonne but will allow a revenue stream for the dump material,which is ours,from day one. I cannot see for the life of me why we would contemplate giving the material to the JV without a notional cost, beggars belief.

Yep, Gamsberg, 250,000 tonnes.

Zinc prices to be sustained. The man was obviously eyeing our Zinc. Help Desk - 9717405332, 9599714297, 9810335381 Forgot Password ? Register Steel Metal Mining Coal Power Gas Oil Infra Logistic Auto Prices Resources Vedanta Resources expects supply constraints to sustain zinc prices Metal News - Published on Fri, 13 Apr 2018 vedanta_resources_expects_supply_constraints_to_sustain_zinc_prices_17747.jpg Image Source: 4-traders.com New Indian Express reported that zinc prices are expected remain buoyant in the coming years after reaching their highest levels in a decade because of a shortfall caused by years of underinvestment, the founder and chairman of Vedanta Resources said. Vedanta chairman Mr Anil Agarwal said that demand for zinc and prices of the metal would remain high because there were only three major producers in the world. Mr Agarwal told Reuters during his visit to Zambia that "It is very difficult to find zinc deposits." Mr Agarwal said that steelmakers were increasingly using zinc to galvanise the construction metal against rust. The global zinc market deficit narrowed to 48,600 tonnes in December from a revised deficit of 65,700 tonnes in November, data from the International Lead and Zinc Study Group showed on Feb. 20. Zinc demand will remain high because it is also being used increasingly in other areas, such as the pharmaceuticals industry, Agarwal said. Agarwal said that "I see zinc (is still) going to be a very important material." Vedanta could accelerate expansion of its African zinc operations to take advantage of strong prices, it said in February. Agarwal owns a 21 % stake in Anglo-American Corporation in South Africa and said he expects the company to increase investment in its domestic market after Cyril Ramaphosa's election as the country's new president. Mr Agarwal said that Ramaphosa's election is expected to rekindle investor confidence in Africa's biggest economy. Mr Agarwal said that "There is a lot of positiveness about him and I am sure, with time, you will see whole thing will turn around, where everybody who was running away from South Africa will come back. https://steelguru.com/metal/vedanta-resources-expects-supply-constraints-to-sustain-zinc-prices/506936 V=$34 KG