Member Info for fulmar29

Hi Bwana-I don't think for a second that we are under any radars,it's just that we are "well/over protected" by our shareholders who would/will shut down any hostile action quickly . In order to do that longer term there is going to be some "major" announcements .

When the fireworks begin here IMO it will make the Noront bun fight look like a minor tussle in the playground.

https://www.metalbulletin.com/Article/4012184/LIVE-FUTURES-1510-LME-copper-spreads-backwardated-until-2024-zinc-up-22-from-Monday.html#:~:text=stainless%20steel%20outlook-,LIVE%20FUTURES%2015%2F10%3A%20LME%20copper%20spreads%20backwardated%20until%202024,over%20metals%20across%20the%20board.

George looking and sounding extremely confident (again) Pleading the fifth on other African stacks and Zim prospects and Techmet link sounding extremely promising.PEA by end of year is going to ignite this !

Thanks Sussex,so motors without permanent magnet motors use a lot more Cu which is also rocketing in price hence @Dumb Renault saying-"Motors without permanent magnets, such as induction motors, use electric current, often with copper wiring, to create a magnetic field and power the motor. These are cheaper, but less efficient and require a larger battery, reducing the driving range". https://www.reuters.com/business/autos-transportation/automakers-cutting-back-rare-earth-magnets-2021-07-19/ All seems to be a technical balancing act,and it looks like REE is the most efficient if not the cheapest option (so far)

@soundbuy,I would like to agree but their recent catalogue of environmental disasters is making them everyone's worst enemy as well.An old fashioned miner without the intention to clean up their act.

what substitutions are there for our REEs? The "Demand Destruction" argument has also been used re Copper,but the trouble with that is in this market place,all the potential alternatives are also seeing huge price rises.

Every presentation I have seen George do recently (and there's been a few) he has given a bit more information about Phal-it will be interesting to see if any new info transpires tomorrow-RNS for the PEA in the morning would be fun.

https://www.mining.com/appetite-for-green-energy-metals-drives-deals/

https://www.mining.com/web/home-wild-markets-gatecrash-london-metal-exchange-week-party/ The pace was upped in the Friday LME stocks report, which showed another 33,000 tonnes had been moved into the physical departure lounge. That left just 14,150 tonnes of available copper in the LME’s warehouse system, the lowest level since March 1974 and enough metal to cover global consumption for just five hours.

Cheers all for the responses.

ARCM (exploration)

So presumably this gold mine must be just on the edge of Fwiji ? https://www.lusakatimes.com/2021/10/16/zccm-ih-has-failed-to-run-kasenseli-gold-mine/

https://www.google.com/search?q=mwinilunga+district+map&rlz=1C1ZKTG_enGB926GB926&oq=mwinilunga+district&aqs=chrome.2.69i57j46i512j0i512j0i22i30l3.9826j0j15&sourceid=chrome&ie=UTF-8# Think you are right

@Seisnav-any chance of one of your overlay maps showing Fwiji and Mwinilunga ? Cheers

From African Intelligence Daily-"With his ally Hichilema in power, Mwinilunga MP presses for his gold-rich region to be developed" Mwinilunga seems to be suspiciously close to Fwiji ??

https://twitter.com/LowellResFM/status/1449510397044658180/photo/1-US on their own will need an EXTRA 11x the total 2021 production of Copper ,over the next 8 years- then try and factor in the ambitions of the rest of the world -"Summats gotta give "

https://twitter.com/LowellResFM/status/1449510397044658180/photo/1 - with a fair bit of Ni in that Ally

https://twitter.com/LowellResFM/status/1449510397044658180/photo/1

@StockTrader1_0
Copper inventory is CRITICALLY LOW - but the trouble hasn’t even started yet. On Friday inventory closed as follows:
1) London Metal Exchange - 15,150 tons
2) Shanghai Futures Exchange - 41,668
That’s equivalent to just 80% of 1 day’s worth of global consumption #ARCM