Member Info for flipper56

All time high. I think we will be breaking up soon going by the oil price.

Given how well Iraq, Libya and Syria turned out, an attack on Iran has the potential to affect the oil markets. Makes Sealion even more attractive.

Https://www.cnbc.com/quotes/@LCO.1

The Brent 5 year chart certainly supports that narrative.

Https://www.cnbc.com/2026/02/18/oil-prices-today-iran-trump-nuclear-talks.html

Looks like its going to get lively soon. Wouldn't want to be short oil.

BS - the license was split into 3. I assume this was done so each part could be dealt with seperately. My guess is JLP for the shallow and our neighbours for the deep. But maybe others are offering better terms ?. Best just to trust Colin to get the best deal and hope there is no further dilution. I would take a KEN rise.

I doubt we would much change on $1,000,000 for a deep drill. Something like 1200 metres if I remember correctly. Not really affordable until a deal is done elsewhere imho.

But lets focus on the future not the past. The assets are still there and becoming more valuable.

Wasn't there a corporate presentation in March 2023 giving mid 2023 as a start date ?. And Colin was posting photos of excavators on X. We discussed it on here and I was ridiculed for doubting it.

I thought it was June 2023. But it can be defended. At that time copper was about 7000/7500 so the open pit largely worthless. They were only covering the cost to access the deeper ore. Now they are of much greater value so has made sense to wait.

I am surprised the nomads allowed that statement unless there was something on the table. I thought the regulators were clamping down on such misleading statements which unfortunately have damaged AIM over the years.

But thanks DC and I am still expecting news soon regardless.

Thanks. Sounds very promising.

On a roll. Just wish we would follow.

XTR made me poor. Lost a lot on Bushranger. I am relying on BZT and GLR. But would like positive updates on both. Verry slooow.

?. Any link ?

Looking at Google's deep dive, it says about the mining license:

Recent Strategic Developments

Bezant Resources has implemented a "low-capex" strategy to accelerate production:

Processing Infrastructure: In 2025, Bezant entered an agreement to acquire a 90% stake in the Namib Lead and Zinc Mining (NLZM) processing plant. Located 190 km from the mine, this facility will be repurposed to treat pre-concentrated ore, potentially shortening the production timeline by two years.

Licensing & Permits: The project secured a 15-year Mining Licence (ML 246) in June 2025, valid until 2040, following the receipt of an Environmental Clearance Certificate (ECC) in April 2025.

Technology: The mine will use dry ore sorting technology on-site to pre-concentrate ore. This method reduces water consumption and lowers transportation costs by rejecting waste rock before hauling material to the NLZM plant.

Economic Impact

A 2025 feasibility study summary projected a net profit of N$1.95 billion (approx. US$104 million) over the project's life, with an Internal Rate of Return (IRR) of 62%. The project is expected to create around 80 direct jobs once operational.

Hopefully Sanderson convert, then hold their shares until take out . But not until further exploration completed and larger processing facilities required.

Is there any reason why Sanderson would sell their warrants ?. Surely they would sell on an eventual takeover.

I am surprised Colin isn't displaying at the SA indaba. My guess is that they don't need to look for partners as all lined up.

Https://www.mining.com/midnight-sun-rises-on-zambia-drc-copper-district-where-superpowers-converge/